Advantage of Hiring a Full Service Brokerage vs a Discount One Hit Wonder

Back in August, a 4 bedroom home on Summeridge in the area of Sugarbush Heritage Park & 407 sold for $1,318,000. The home across the street, which was slightly smaller and less renovated, sold for approx. $1,120,000 through a discount brokerage. Meaning the seller saved $45k in commission, but sold their home for $198,000 less than 421 Summeridge.

With size and upgrades considered, the seller from across the street ended up losing $148,000 on the actual value that they should have gotten for the home vs. what a full-service brokerage could have gotten them.

421 Summeridge Dr., Vaughan, Ont.

Asking price: $1,329,000

Selling price: $1,318,000

Previous selling price: $438,153 (2005); $160,000 (2004)

Taxes: $6,347 (2019)

Days on the market: Six

To read the full article, visit: https://www.theglobeandmail.com/real-estate/toronto/article-agent-says-sale-of-vaughan-home-points-to-full-service-advantage/

Looking to buy or sell in the Toronto/GTA area? Call Sutton Realty Today!

Sutton Group Realty Systems Inc., Brokerage

416-896-3333 / 905-896-3333

www.SuttonRealty.com

Sutton Office Training Webinar – How To Dominate Your Market Place With Dan Plowman

How To Dominate Your Market Place with Dan Plowman Coaching

Join Our Live Webinar Today At 1pm, Either In The Office Or On The Go!

Call The Office For Details 416-896-3333

How To Dominate Your Market Place with Dan Plowman Coaching
Join Our Live Webinar Today At 1pm, Either In The Office Or On The Go!
Call The Office For Details 416-896-3333
#Webinar #DanPlowmanCoaching #ReaLEstate #SuttonRealty #Training

First Time Home Buyer? We Can Help!

Are You A First Time Home Buyer? We Can Help!

Call Sutton Realty Today To See If You Qualify For The First Time Home Buyer Incentive!

Sutton Group Realty Systems Inc., Brokerage
416-896-3333
www.SuttonRealty.com

Landlords: Is An Inspection Report Important On Move-In & Out Days?

“One Ontario resident learned the hard way about the importance of inspections. When she initially moved in, neither she nor her landlord formally inspected the property. When she moved out, she found herself legally and financially responsible for removing a wall that the previous tenants had constructed in the unit.”
It is critical that the condition of the rental unit be documented on moving day.
This will help:
  • Note previous damage
  • Establish a baseline to evaluate normal wear and tear
  • Decide who is responsible for paying for any potential damages that might occur in the future.
For tenants, it will also waive any liability for damages that existed prior to moving in.
Tenants and landlords should always conduct the move-in inspection together.
[call-out: Did you know? In some provinces, the security deposit is only repayable if the move-in inspection matches the one completed upon moving out.]
Located in British Columbia or the Yukon?  (not Ontario)
A Condition Inspection Report is required by law. Both the tenant and landlord should complete, sign and date the form at move-in and move-out.
Final inspections
When a tenant moves out, the Move-in Report will come in handy.  Refer to the initial inspection that was completed upon moving in, and compare it with the condition of each room on moving out.
We strongly recommend taking photos prior to move in, ever little bit helps to avoid confusion at move out.
Ask your Sutton Realty for any photos available from the time you listed the property.

Sandra Semen Featured In Toronto Star!

Look Who Was Featured In The Toronto Star!

Congratulations Sandra Semen Realtor!

 

Full Article: https://www.thestar.com/life/homes/2019/08/22/619000-in-dundas-476000-in-mississauga-what-these-condos-got.html

Looking To Buy, Sell Or Rent In The Halton/Hamilton Region?
We Can Help! Call Sutton Group Realty Today
905-896-3333
www.SuttonRealty.com

SOLD! 100% Of Asking Price In ONE Day! Way To Go Bojan!

SOLD! 100% of Asking in ONE Day!

Bojan Pavlovic is a Recognized Industry Professional All Throughout The GTA.

To Get Top Dollar For Your Home, Call Bojan For The Ultimate Combo of The Best Staging, Photography and Marketing, and Negotiating Skills!
416-762-4200

Express Training Week at Sutton

Dear Sutton Agents! It’s express training week at the office!

Did you miss a course or are you in need of a refresher? We are holding express re-cap sessions all week long!

Topics include: Webforms, Authentisign, Facebook Set Up, Listing Presentations, New Geoware Update, Brokerloading/TREB & Emailing the Monthly Newsletter.

Sutton Spring Connect – April 18th

This Thursday Is Sutton Spring Connect!!

3 Great Speakers Discussing: New Technology, Zillow, Millenial Leads, Branding, SEO, and Instagram.

Includes: Coffee and Baked Goods, Hot Catered Lunch, Cocktails and Hors d’oeuvres!

Call Reception Today To Register While Seats Are Still Available!
Sutton Group Realty

416-896-3333

#SuttonConnect #RealEstate #Realtors #Training #InformationSession#SuttonRealty #SpringConnect #SuttonSpringConnect

Sold – Rare Toronto Commercial Building, Over 27,000 sqft, 1.52 Acres

Toronto Commercial News – Sold Buildings in Your Area.

Sutton Realty wishes to congratulate one of their Top Commercial Agents on the sale of an Industrial Free Standing Build in North York / Humber Summit.

His Buyer is now the proud owner of this Rare Building which can be half Occupied and Half Income Producing.

Impressive Foyer, Excellent Clear Span in Warehouse, 24′ Clear Height.  Office Space, Warehouse Area, Loading Dock that can Accommodate a 53″ Trailer plus 3 D/I Doors, 2×5 Tonne Cranes.

Looking to expand your business?   Need additional space?   Marcio is an Award Winning Top Agent with Sutton Realty and can assist in your search.

Compare the costs of buying vs leasing commercial space in your area.

Commercial Real  Estate as an Investment:

The regional economy in the Greater Toronto Area continues to be strong, as indicated by very low unemployment. This suggests that businesses are continuing to expand and/or relocate to the GTA to take advantage of a large and diverse talent pool with experience across many different industries, including the tech sector, financial and professional services, construction and manufacturing.

Toronto is a North American Hub for Trade:

We believe the Greater Toronto Area is well-positioned to be a North American hub for trade, innovation and economic development. We have recently seen a number of technology companies commit to investments totaling over one billion dollars in our region. On top of the tech sector, the GTA also continues to be a leader in other key sectors, including finance, professional services, construction and manufacturing. This is obviously important as it relates to the future demand for commercial space.

For more information on Commercial, Industrial, Retail real estate in the Toronto and area call Marcio Blanc today 647-607-8911

Marcio Blanc top commercial Agent

top commercial real estate agent sutton realty marcio blanc

 

 

 

 

Buying A Home Just Got Easier! New Mortgage Incentive Coming This Year

The Canadian government is taking steps to make homebuying easier for Millennials. According to the budget proposal of 2019, the government intends to put forth $1.25 billion over a three year span from the CMHC First-Time Home Buyer Incentive.

Borrowers would still have to figure out a down payment of at least 5% of the purchase price, but they would still receive an incentive of up to 10%, which would lower the mortgage.

The incentive covers 10% for newly built homes and 5% for existing homes. A few of the catches: Your annual income must be under $120,000 to participate, and you will have to eventually repay the incentive although officials have not decided how that will unfold just yet.

The federal stress test will still be required to ensure buyers will be able to repay the debts at even higher rates.

The government is also enhancing the Home Buyer’s Plan which allows first time buyers to take out up to $25k from their RRSP to finance a home, without paying tax on withdrawal, they are proposing to raise the cap to $35k, and the new limit would apply to withdrawals made after March 19th 2019.

The only problem is that more borrowing means that housing prices are likely to go up, and may encourage Canadians to take on more debt. Buyers must keep in mind that the government is not extending the program’s repayment timeline, so any money taken out of their RRSP must be put back with 15 years to avoid the withdrawal being added to their taxable income. Now Canadians will have to repay a max. of $35k instead of $25k over the same period.

Are you a first-time home buyer looking for the best guidance in the business? Call us today! We have agents standing by to help you with any questions of concerns you may have.

Sutton Group Realty Systems Inc., Brokerage

416-896-333 / 905-896-3333

www.SuttonRealty.com