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

The Way – Urban Townhomes In Erin Mills!

Urban Townhomes In Erin Mills – Coming Soon!

For Floor Plans, Pricing & Questions Give Us A Call Today!

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

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

Toronto Fall Home Show Promo Code!

Are You Heading To The Toronto Home Show This Fall? We’ve Got A Special Promo Code To Help You Save On Tickets!

See Below For More Info!

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

Has Your Toronto House Prices Increased In The Last Five Years?

According to an analysis Zoocasa did on detached and semi-detached housing prices in Toronto, the average house prices have doubled in two neighbourhoods, while 16 out of 35 neighbourhoods’ prices have increased by at least 50% or more in over five years.

 

If you already own a home or condominium in Toronto, it continues to be a great investment.

A new survey found that homes in two neighbourhoods and in eight condos have increased by more than 100 per cent in five years.

The survey by real estate website Zoocasa used data from the Toronto Real Estate Board to check how much how much prices have gone up between July 2014 and July 2019. Toronto house prices in 2014 were on average just over $821,198, and now the average price is $1,167,968. That’s an increase of 42 per cent.

As detached and semi-detached homes become out of reach for many home buyers, the condo market continues to be a hot spot for Toronto real estate. Condo prices five years ago were on average were $379,002.

The average across the city this year is $627,927, an increase of 66 per cent.

Penelope Graham, Zoocasa’s Managing Editor, says the fact that many people can’t afford a detached home in Toronto is driving the increase in condo sales.

“Five years ago, if you had a budget of $700,000, you were a house buyer, but now we have more competition in the condo segment,” Graham said.

With real estate, it’s all about location. House prices more than doubled in the neighbourhoods of Forest Hill, Oakwood Village, Regent Park, St. James Town and Corktown. Condo prices increased in eight zones across the city, including West Hill, Centennial Scarborough, Scarborough Village, Guildwood and Malvern Rouge.

The rising prices may be frustrating first time home buyers, but Zoocasa says there are still deals to be found.

“These are averages, so there will always be some higher than the average and lower than the average” said Graham.

Condos in Toronto’s downtown core and those close to public transit were the most sought after with prices between $500,000 and $700,000.

https://toronto.ctvnews.ca/some-toronto-homes-and-condos-double-in-price-in-5-years-1.4561632

 

How Much Has Your Home’s Value Increased In The Last Five Years? Call Your Sutton Neighbourhood Realtor For A Free Home Evaluation At 416-896-3333!

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

Link Condos – Affordable Condos and Government Incentives

Link Condos In Burlington – Affordable Luxury Living!

Brand New Development Close To The Waterfront

Perfect For New Homeowners With Government Incentives!

For More Information, Give Sutton Realty A Call Today
905-896-3333 www.SuttonRealty.com

https://www.youtube.com/watch?v=jnqPIRfaRkk

 

The New First Time Home Buyers Government Incentives Program!

Exciting News For First Time Buyers!

New Government Program offering Qualified Buyers up to $48,000 interest-free down payment incentives with no monthly payments! Up to 1.25 billion dollars has been set aside to help lower mortgage costs for eligible Canadian first time home buyers, on a First Come First Service Basis.

Buyers will need to have a minimum down payment to be eligible, which can be from your qualified R.S.P.  Just keep in mind this is a C.M.H.C. insured mortgage program. The total down payment is to be “less” than 20% down.

You can then apply for the 5% Down Payment Incentive, giving you an extra 5% down on resale purchases or 10% on new construction.  Simplified, this is a shared equity mortgage program with the Government of Canada.

Again is all Interest-Free and includes No Monthly Payments.

You can repay the Incentive at any time without a prepayment penalty.  However, the repayment is based on the property’s fair market value.

How the First Time Home Buyers Program Works

The new program scheduled for September 2nd, So call today about this and “other” Government Incentives to ensure you have a well-planned home purchase.

Visit us online at www.SuttonRealty.com for more information.

Call Our Office Today and Speak to a Representative anytime 905-896-3333 or 416-896-3333.

You can even register for one of our upcoming Home Buying Seminars!