In the Heart of high demand Churchill Meadows, this elegantly appointed home boasts over 3000sf. of pure function and style. Double Doors lead into a graceous foyer with a 17' ceiling. 9' ceiling on the main floor, with extended height cabinets in kitchen. Among the many upgraded features you'll see are: granite and marble counter tops, stainless steel appliances, large bedrooms and open concept office with Juliette balcony. Separate Living and Dining room, family room features a gas fireplace and overlooks backyard and kitchen. The large eat-in kitchen has a walk-out to a stone aggragate patio. The hardwood stairs go from the upper level all the way to the professionally finished basement complete with nanny quarters or in-law suite. Main floor laundry with garage entry. Close to transit, great schools, parks and shopping. Not to be missed, call
As you may or may not know the Toronto Real Estate Board measures almost everything relating to the Real Estate market. Every month they post that month's numbers, ie: how many homes sold and for how much. The latest numbers for February are in, and the numbers look really good!
Sometimes I think to myself - We have such a strong Real Estate Market here in Mississauga and the GTA and that's good for homeowners and people who have invested in Real Estate. They have been seeing a steady increase in their Real Estate investment. But - what about the first time buyers or families or single parents who are having a tough time scraping together the 20% down payment needed to qualify for a mortgage?
TORONTO, March 5, 2012 -- Greater Toronto REALTORS® reported 7,032 sales in February 2012 – up 16 per cent compared to February 2011. New listings were also up over the same period, but by a lesser 11 per cent to 12,684. It is important to note that 2012 is a leap year, with one more day in February. Over the first 28 days of February, sales and new listings were up by ten per cent and six per cent respectively.
Sometimes people, myself included, take their home town for granted. Don't get me wrong, I love Mississauga! I've lived here since I was seven. What I mean by that statement is that when there is a special event coming up or we want to go out for the night we tend to go to the big city - Toronto, as we feel that is where the "action" is. Well - I'm here to tell you that ain't so anymore.
Once you have a house, whether it's a small one-bedroom condo or a 5000 square foot mansion, decorating it can be a daunting task for some and for others a grown up playground, and I strongly believe it has nothing to do with money.
As of March 18th, 2011 anyone purchasing a home to owner occupy with less than 20% down payment can only go up to 30 years amortization. This is reduced from 35 years. Based on a $200,000 mortgage, the mortgage payment difference between 30 and 35 years amortization works out to an estimated $76.00 per month. Which means $988.00 payment difference per year.
The amortization change made along with the higher qualifying rate changes made back in April 2010, reduces the amount of mortgage that individuals can qualify for.
Buyers can still put as low as 5% down on an owner occupied purchase.
How the New Mortgage Rules Affect Home-owners Looking to Refinance
New changes to mortgage lending now require current home owners that are looking to borrow against their equity to keep at least 15% of their home's value.
This means that up to 85% of current home value can be financed, reduced from the previous 90%.
New Mortgage Rules Affect on Individuals Looking to Obtain Secured Lines of Credit
Secured lines of credit can now only be obtained on a conventional basis. This means that an owner occupied property can be financed up to 80% of its current value to include a secured line of credit.
Home Buying and Selling Tips
BUYING HOME CHECKLIST
SELLING YOUR HOME ON YOUR OWN - OR USING A REAL ESTATE SALESPERSON
STAGING… FOR A FASTER SALE AND HIGHER PRICE
If you are buying a home, then, before you decide on whether this home is your dream home, the following checklist will help you look at prospective homes with a critical eye. We suggest printing this page and putting it on a clipboard. When you find a home that really interests you, mark the features you see and note their general condition on this list.
If you have decided that now is the time to sell your home, you might be thinking: should I hire a Real Estate Sales Representative or do it alone. Have you ever considered repairing your own car? Anyone can buy the tools and parts. However, most of us just do not have the knowledge, training, experience or the expertise and commitment of time to do the job properly. Besides, there are plenty of experienced professionals to do the work for us.
There are many television shows today that focus on home staging. If you have not watched any, do yourself a favor and tune in. They all say the same thing: do not even consider putting your house on the market until you have taken a close look at its condition. Experienced sales people know that you only have one shot at impressing potential buyers, so take some time to prepare your home for showings. You will be rewarded with a faster sale and a higher offer.
Better Homes and Gardens Real Estate Signature Service Inc., Brokerage
Independently Owned and Operated
186 Robert Speck Pkwy
Mississauga, Ontario L4Z 1G3
905-896-4622
