April showers bring May flowers–and it also brings great real estate opportunity!!

APRIL 2024

Presented by: Larry W. Willert

PHONE: 905-717-3154

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Master Sales Award – Sales Achievement – Presidents GOLD

Dominican Republic Award Conference – Referral Award Conference

Montego Bay, Jamaica Award Conference - – Referral Award Conference

Serving you in: “AURORA” - “NEWMARKET” and all of the “GTA”

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This Month:

Ø Toronto Real Estate Board Monthly News & Stats.

Ø Aurora – Newmarket – Oak Ridges-North Richmond Hill (MLS UPDATE and STATS.)

Ø Real Estate Law - Erin Walton – “WaltonTolensky LLP”

Ø Dave Snooks – “Under the Roof Top Home Inspections”

Ø Real Estate Insight

Ø Mike Searles - “Northwood Mortgage”

Ø Home Staging - Susan Crema-Martin, owner of Martin Designs 

Subscribe to HOME CONNECTION contact Larry @ LARRY@AURORAestate.ca

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Larry Willert LARRY WHO? –> MY INFO Sales Representative – Direct: 905-717-3154 Office: 905-727-3154 EMAIL: LARRY@AURORAestate.ca Web Site: www.AURORAestate.ca Royal LePage Your Community Realty 14799 Yonge Street Aurora, Ontario L4G1N1 Add me to your Network: Click Connect to go to LinkedIN: __________________

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Before the home search begins, describe what is important to you in your home search and what features and amenities you desire. Click the Check List below and we will send back a complete list of all homes matching your Home Search Criteria.

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Direct Phone: 905-715-3360

Direct Email: msearles@northwoodmortgage.com

Direct Web: http://www.northwoodmortgage.com/michaelsearles

MORTGAGE RATES:

*rates as of April 1st 2024 and are subject to change without notice*.

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For the absolute best rates, call Mike at : 905-715-3360

Email: msearles@northwoodmortgage.com

For a no obligation rate quote.

Direct Web: http://www.northwoodmortgage.com/michaelsearles _____________________

Your Local Real Estate Market Update

Greater Toronto Area (GTA) REALTORS® reported 6,560 sales through TRREB’s MLS® System in March 2024 – down by 4.5 per cent compared to March 2023.

New listings were up by 15 per cent over the same period. On a seasonally adjusted monthly basis, sales were down by 1.1 per cent. New listings were down by three per cent compared to February.

The first quarter ended with sales up by 11.2 per cent year-over-year. New listings were up by a greater annual rate of 18.3 per cent.

SEE MORE: https://trreb.ca/index.php/market-news/market-watch

YOUR LOCAL MARKET UPDATE

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AURORA MLS SALES SUMMARY

FREEHOLD SOLDS – AURORA (exclude rentals)

A MONTH IN REVIEW “MARCH 2024 ” – SOLDS (69) Average Sale Price:$1,51,035

Field	Count	Mean (Average)	Median	Mode	Low	High
List Price	69	$1,441,249	$1,318,888	$999,000	$829,000	$2,988,000
Original Price	69	$1,401,508	$1,298,000	$999,000	$268,800	$2,988,000
Sold Price	69	$1,521,035	$1,375,000	$1,375,000	$882,000	$3,280,000
%Difference	69	107	103	100	87	143
Taxes	65	$5,995	$5,471	$4,635	$3,438	$16,138
Bedrooms	69	3	3	3	2	5
Washrooms	69	4	3	3	2	15
Days on Market	66	15	9	6	1	172

AURORA SUMMARY Detached=47 Semi=6 Town Homes=16 Total=69

NEWMARKET MLS SALES SUMMARY

FREEHOLD SOLDS – NEWMARKET (exclude rentals)

A MONTH IN REVIEW “MARCH 2024” – SOLDS(90) Average Sale Price:$1,251,281

Field	Count	Mean (Average)	Median	Mode	Low	High
List Price	90	$1,210,460	$1,179,000	$799,000	$725,900	$2,098,000
Original Price	90	$1,332,049	$1,164,000	$799,000	$725,900	$12,900,000
Sold Price	90	$1,251,281	$1,212,500	$1,350,000	$750,000	$1,935,000
%Difference	89	105	101	99	91	143
Taxes	90	$5,310	$5,224	$3,887	$3,130	$8,858.40
Bedrooms	90	3	3	3	2	5
Washrooms	90	3	3	3	2	6
Days on Market	89	16	9	8	1	126

NEWMARKET SUMMARY – Detached=70 Semi=11 Town Homes=9 Total =90

OAK RIDGES/N. RICH. HILL MLS SALES SUMMARY

FREEHOLD SOLDS – North Richmond Hill (exclude rentals)

A MONTH IN REVIEW “MARCH 2024” – SOLDS (20) Average Sale Price: $1,463,875

Field	Count	Mean (Average)	Median	Mode	Low	High
List Price	20	$1,438,859	$1,429,500	n/a	$899,000	$1,999,000
Original Price	20	$1,412,809	$1,399,000	$1,399,000	$899,000	$1,999,000
Sold Price	20	$1,463,875	$1,399,000	n/a	$1,056,000	$2,091,000
%Difference	20	103	101	93	92	122
Taxes	19	$5,440	$5,283	n/a	$3,754.69	$7,585.45
Bedrooms	20	4	4	3	2	5
Washrooms	20	4	4	3	3	5
Days on Market	20	15	12	5	1	52

OAK RIDGES/NORTH R.H. SUMMARY – Detached=11 Semis=1 Town Homes=7 Link=1 Total= 20

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Real Estate Law

Real estate is the modern term for land and anything that is permanently affixed to it. Fixtures include buildings, fences, and things attached to buildings, such as plumbing, heating, and light fixtures. Property that is not affixed is regarded as Personal Property. For example, furniture and draperies are items of personal property

Real Estate Ownership in Ontario:

In Ontario there are five ways to own real estate:

Sole Ownership

An individual purchase the property in their own name.

Joint Tenants

Under this type of ownership, each owner owns the property equally. It does not matter what the proportionate share contribution was to the purchase. The net proceeds of sale will be divided equally unless otherwise agreed to by the parties.  Joint Tenancy typically means that, should a purchaser become deceased, the surviving purchaser(s) on title will inherit the deceased's interest in the property. Where one of the "joint tenants" dies, the surviving joint tenant(s) usually automatically becomes the owner(s) of the property no matter what a will might state. This is the manner of holding title most commonly used by spouses. 

Tenants in Common

Under this type of ownership each owner’s share can be different (e.g. John owns 90% and Jim owns 10%). Tenancy in Common means that should a purchaser become deceased, that deceased person's interest in the real estate will be transferred according to that person's will or, if no will exists, according to the Law of Ontario (if the real estate is in Ontario).

Trust Agreement

A trust situation should be discussed with a lawyer. It generally signifies that the person who is registered on title in the Ontario Land Registry Office is not the true, or beneficial, owner.

e.g. 'JANE DOE, IN TRUST"

It does not usually indicate (but it can) on the ownership document who is, in fact, the real owner (the beneficial owner).

Partnership Agreement

If more than one person will be shown on title as owner and, if only one person is providing all (or a substantial portion) of the funds needed for the purchase, you may wish to consider entering into a special partnership agreement to avoid any future misunderstanding with respect to distribution of proceeds upon a resale of the property. Should you wish such an agreement to be prepared for signature when you sign final closing documents, please inform this office. One of the features of such an agreement is to return to each purchaser whatever cash was originally contributed by each purchaser at the time of completing the transaction as well as any additional contributions made to improving the property during the period of ownership (such as, new roof, finishing basement, remodelling kitchen, new floorings, addition to house, etc.). Other features of the agreement deal with distribution of the balance of proceeds once the property is eventually resold and what happens if one partner wishes to sell and the other partner does not. Each partner should consider obtaining independent legal advice PRIOR TO entering into a partnership agreement.

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law where

Real Estate Law

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Dave Snooks 416-896-1666

Visit Dave’s Blog: http://auroraestatesnooks.blogspot.com/

Visit Dave’s Web Site: www.UnderTheRoofTop.ca

Springtime Window Cleaning

Springtime Cleaning is the perfect time to make your outside and inside windows sparkle and shine. In order to get squeaky clean and steak free shiny windows you will need to clean your windows at least twice a year. Cleaning your windows takes off layers of film, dust and grime. With springs beautiful weather, you will want all the bright sunlight to come gleaming through your sparkly windows to brighten up your house.  The last thing you will want to see when looking out your windows in the springtime is smears and marks. 

Do It Yourself (DIY)
Window cleaning is a big job and the amount of time it will take depends on how many window you have to clean. This is the cheapest option to take, but you will need to supply all your cleaning tools/supplies. Some of your windows may be out of your arms reach and therefore you may need a ladder to be able to reach these windows.

What works best for cleaning windows?
- The best things for cleaning window are newspaper (black and white paper) and a commercial window cleaner. This is also the cheapest option and probably the best. If you use newspaper it is best to wear gloves to save your hands from the mess. Using newspapers is also great for our environment as you are recycling the newspapers.
- Coffee filter work better than newspaper and paper towels but cost more than reusing newspapers.
- A Vinegar and water mixture works really well on cutting the grime on windows and mirrors.
- Paper towels work well but can leave a bit of lint behind.
- Commercial window cleaners like Windex and Windolene do a good job at cleaning.
- Window squeegees are good but can be difficult to remove your cleaning solution.

What tools do you need for cleaning windows?
Depending on the windows you are cleaning there are loads of different tools on the market that help to make window cleaning easier.

• Step ladders
• Ladders
• Ladder mitts
• Squeegees

Window clothes

Dave Snooks 416-896-1666

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Selling your home is a big decision!

When Is the Right Time to Sell?

Door Knockers!!!

When a salesperson knocks on your door and promises you something that seems too good to be true, it likely is…

One of the most popular ways for Realtors to drum-up business is to let home-owners know that they ‘might’ have a buyer interested in purchasing their house or condo. 

I myself get 1-3 door knockers per month Realtors that say, “I have a qualified buyer looking to purchase a home in your area are you think of selling.”

But that Realtor isn’t really looking for a property to sell to their buyer, who may or may not be fictitious; they’re looking to make contact with a home-owner, sit in the living room, talk, and possibly make a contact for today or tomorrow.

Before you hear a sales pitch and when you open your door to a salesperson, remember:

New rules mean some products and services cannot be sold door-to-door:  

Certain products and services can’t be sold or marketed door-to-door

Dealing with Door Knockers:

Ask for photo ID and get the name of the person and the business

Never share personal information (e.g, an electricity or gas bill)

If you ask a salesperson to leave, they must leave right away. If you feel unsafe, call local police

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Certified home staging consultant, Susan Crema-Martin, owner of Martin Designs 

Visit Susan’s web site: http://www.martindesigns.ca/

Simple Home Staging ideas

Impress Me!:

Update your home’s look by The following tips can help get a home up-to-date without breaking the bank:

1. Move it.

Simply rearranging the furniture can reenergize a room. Add and remove furniture, lamps, rugs, and accessories from other parts of the house to create a whole new look. Mirrors are particularly useful when it comes to updating a room. Try one out in different rooms to see where it fits best. Even just moving a mirror to a different wall can create a more welcoming feel.

2. Plant it.

Houseplants are a generally undervalued design component that can add texture, warmth, and color to any room. Just drop plants in their store containers into decorative planters. Small plants can be moved easily and regrouped to change a room's look, while larger ones make a statement on their own.

Group plants of differing heights, fullness, and color for the most dramatic effect. Jettison the scraggly specimens, Westman says. "It's important to have plants that are well maintained and in tip-top condition."

3. Paint it.

Paint is one of the easiest and most cost-effective ways to make a substantial change. Use dramatic colors in powder rooms and dining rooms, and more neutral colors in living spaces. When selecting colors, "be sure to ask, 'What am I trying to do? How do I want this to feel?'" Birdsong says. "And always, always do a test before you paint the whole room."

8. Clean it.

Turn a critical eye to the flooring to make sure it's up to snuff. Scrub grout and seal natural stone. Rub out scratches and nicks on wood floors with scratch cover. "Get down on your hands and knees and detail the floors," Birdsong says. "It takes a little elbow grease, but the results are well worth it." Vinyl flooring is a bit harder to spruce up but usually can be replaced easily and inexpensively

Simple Home Staging ideas

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My Promise!!

When representing my CLIENTS, I will do so practicing:

LOYALTY, COMPETENCE and CONFIDENTIALITY. I will apply my Real Estate knowledge to ensure your real estate transaction is as stress free as possible and the experience is a pleasant one.

Larry W. Willert

YOUR COMMUNITY REALTY

Direct: (905) 717-3154

Office: (905) 727-3154

Email: LARRY@AURORAestate.ca

Web Site: www.AURORAestate.ca

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The Team: My Team:

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Do you have a question or would you like to see something discussed – email: INFO@AURORAestate.ca

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