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Choosing Property in Toronto – Tips For Newcomers

By Andrew John Cocks | Ontario Waterfront Property

Choosing Property in Toronto – Tips For Newcomers

Article by Svetlana

In Toronto there are many factors that you need to consider when searching for a property. Toronto is an extremely big city and there is no a unitary clearly defined center, and there’s no place with the most high priced or the lowest priced property. Toronto is more like a conglomeration of these centers. The city is like a multilayered quilt comprising numerous relatively large neighborhoods. The worth of each neighborhood is based on such parameters as proximity to a particular center, convenience of public transportation, proximity to important highways, the average income of families, ethnic composition of the population, etc. Consequently, each region is made of a certain type of houses, and is aimed at certain categories of people.

For example, there are expensive condominiums located at the waterfront of Lake Ontario at Yonge St. and Bay St.. Due to the very high cost apartments in these condominiums, it’s a lot harder to rent them than inexpensive ones, which are always in demand. Generally, people buy apartments in condominiums on Toronto’s waterfront for themselves, unlike in other neighborhoods. Statistically, over fifty percent of all condos are bought for investment purposes. Need for apartments in expensive condominiums on Toronto’s waterfront is extremely high, there hardly ever are any to sell, therefore the prices are increasing constantly. Most importantly, there isn’t any space for construction in Toronto downtown, so prices will rise even more, and demand will also rise. For that reason, in terms of investment, this can be a very good option .

The most typical mistake that prospective immigrants to Toronto make is to search for real estate ahead of time, before arriving to Toronto. With no knowledge of the specifics of the city and of the Canadian housing market, finding a good house is simply impossible. Real estate industry in Toronto has its own specifics. In some other countries, the wealthy can reside in the same areas as the poor. The primary factors in the choice of a hosing there are the proximity to the centre of the city or a subway, along with the size of the apartment.

In Toronto the situation is quite different. There’s an obvious gradation of bad and good areas. Some neighborhoods are definitely more prestigious than others, each neighborhood has predominantly a particular ethnic group as well as a particular median income of people that live in them. If you look at Toronto from above, it looks like v a patchwork quilt, sewn from a range of areas. Moreover, this “patchwork” is noticed on several levels. With no knowledge of and understanding of the reality of Toronto, it’s simply impossible to select a place where to search for property.

Let’s take, for instance, an apartment in a condominium near the subway, on Yonge St., and at a comparatively low price. It might seem a good option, at first. However, don’t forget that that in real estate if something sounds too good to be real, it really isn’t good. The reason why an apartment costs so very little in such a prestigious area is that the building is extremely old and requires repairs. This is reflected in the condo fee, which is 3 times greater fee in a new condominium. In addition, the building can be only remotely related to condominiums because it had no amenities seen in modern condominiums in Toronto – no swimming pool, no gym, no room for parties, etc.

Svetlana Kamzaeva is the author of Life In Toronto City Guide, that shows you the best of the city, including fun places, sightseeing, and a glimpse into the city life – in case you want to move here permanently! Visit Life in Toronto for more Real estate Toronto tips.

Choosing Burlington Ontario Real Estate Online

By Andrew John Cocks | Ontario Real Estate Company

Choosing Burlington Ontario Real Estate Online

Article by Joseph Mohl

Whether you are buying or selling, the top place to start off scouting for Burlington Ontario real estate is on the internet. Searching for properties on the web saves hours of aimlessly driving around potential neighborhoods seeking houses for sale. If you are moving to a distant location, this would entail careful planning and travel and possibly accommodation expenses. Nowadays, it’s possible to get a lot of research completed over the web so that time and money looking at houses in person is well spent.

It is easy to zoom in on a property search to those homes with the right number of bedrooms and bathrooms as well as those in the right price. There are often interior and exterior photographs to help make a choice of what to inspect more closely. There may also be links to maps and aerial photographs to help further narrow down the search.

Buying a new home is more involved than bedrooms and bathrooms. For many, the local school system is a significant factor in making a decision. Burlington is home to twenty eight public elementary schools, 7 high schools and a good selection of private schools for pupils of all age groups. There are also a number of religious and secular private schools for children of all ages. Transport links in and around town as well as outside the city are a important aspect of the decision-making process. The city houses 3 stations for commuter trains. There is also four major road transportation routes through the city.

Temperatures reach an average of 30 degrees Celcius (deg F) in the summer time. In the winter, the average temperature hovers in the mid to late teens (F). The annual rainfall is roughly 35 inches, or just under 1 meter. Lake Ontario helps maintain a moderate climate. Summer time is humid and warm; winter is cold and dry. The Niagara Escarpment also shelters the town from the elements.

Some folks like to take the local economy into account when looking for Burlington Ontario real estate. The Golden Horseshoe, the largest industrial and commercial market in Canada, encompasses the city. Here, there is a diversity with no dependence upon a particular company or firm. Some of the major local industries are the pharmaceutical sector, electronics and food preparation and processing. The largest public sector employers are education and the local hospital.

{You can find details about the factors to consider before you buy burlington ontario real estate and information about a reliable Realtor at Burlington Ontario real estate now.

For those contemplating a relocation to Burlington Ontario, the internet is a advantageous spot to start off looking for a new house. Once upon a time you had to drive around for miles trying to see ‘For Sale’ signs on front yards if you were hoping to purchase a new home. Considering a relocation to another area or another state meant spending cash on transportation and planning viewings with a well thought out agenda. Doing a bit of legwork in front of the computer can save time and money and bring down the number of houses that have to be inspected in person.

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Choosing a Plano Real Estate Listing Agent

By Andrew John Cocks | Real Estate Listing Agent

Real Estate Listing Agent
by TBC21

Choosing a Plano Real Estate Listing Agent

Two of the biggest mistakes Plano real estate sellers make when choosing a listing agent are: selecting an agent solely based on how high they will list their home for or how low of a commission they will charge.  Of course sellers want the highest possible price and to pay the least amount of commission but these two things have very little to do with hiring a competent listing agent and, in most cases, are completely irrelevant.

The Highest List Price

Agents can’t tell you how much your home will sell for but they can show you comparable sales, found in the Plano MLS and what your current competition is. But you are the one who ultimately choose the listing price and a buyer will tell you if that price is the right price.

Choosing an Agent Based on Commission

Plano Realtors are all not equal.

Remember about 10% of the agents do 90% of the business in any market. Each of them has their own marketing techniques and advertising means. By choosing an agent with a large advertising budget you will gain greater exposure to the largest number of home buyers. Reaching these greater numbers of buyers means you will have a better chances of a good offer sooner rather than later.

•· Why would an agent willingly work for less than competitors?

There is a reason why a real estate agent will discount their commission. Sometimes it’s the only way the agent feels it’s possible to compete in this highly competitive business.  Maybe they think this because the agent can’t seem to stand apart from the competition on service, knowledge or skill. If the sole benefit an agent brings to a table is a cheap inexpensive fee, ask yourself why. Is the agent desperate for business or unqualified?

Sometimes a full service agent will negotiate a lower commission with you under special conditions such as if:

•· You are buying a home and selling a home at the same time with the same agent.

•· You are willing to do the legwork, marketing. advertising, and pay the cost for expenses related to the sale.

•· You are selling more than one house.

•· You don’t have enough equity to pay the full commission.

•· The agent will lose the listing unless he matches a competitor’s fee.

When you are interviewing real estate agents who offer similar services and you can’t decide which one to higher, ask to see their track record of the each agent’s original list price and final sale price. More likely than not, the agent with the lowest fee will show more price reductions and longer days on market. The difference between an agent who charges 5% and 6% is only 1%. Ask yourself how you come out ahead if your price ends up being reduced 2% because you chose a lower fee agent who could not afford to effectively market your home.

Importance of Agent Marketing

A good listing agent grows their business by marketing. Because marketing sells homes. Ask to review an agent’s marketing plan. Find out what they are going to do to sell your home? Here is the bare-bones minimum you should expect:

•· Professional signage.

•· Electronic Lock Box.

•· Follow-up reports on buyer and agent feedback.

•· Incentives for broker / office previews.

•· Staging advice.

•· MLS exposure with many photographs.

•· Virtual tour.

•· Listed on major Web sites.

•· Updated CMAs after 30 days.

•· E-mail feeds of new listings that compete.

•· Updates on neighborhood facts, trends and recent sales.

Remember, no single marketing item sells homes. It’s a combination of all those methods that sell homes.

Characteristics of a Good Listing Agent

Here are some of the characteristics sellers say they want in agent:

•· Education. Ask about designations and certifications.

•· Experience.  Honesty. Trust your intuition.

•· Networking. This is a people business. Some homes sell because agents have contacted other agents.

•· Negotiation skills. You want an aggressive negotiator, not somebody out to make a quick sale at your expense.

•· Good communicator. Sellers say communication and availability are key.

Harry Ridge, the Broker of VIP Realty Platinum, has more than 24 years in the industry and has the knowledge and experience to lead his Real Estate Team in any market environment. Serving the Dallas Real Estate Market & Plano Real Estate Market.