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"Finding the right agent is not easy but after meeting John it was clear that he was the perfect agent to represent both myself and my fiance with the purchase of our first home. Since this was our first home we wanted someone that was not only knowledgeable and could walk us through the entire process but someone who we felt comfortable with and was truly acting with our best interest at heart. We are now the proud owners of our first home and couldn't be happier with the entire experience. We consider ourselves fortunate to have had the opportunity to partner with someone as great and dedicated as John plus, we've made a good friend. We plan on referring John to any friend looking for an agent. Thanks John for your patience, guidance and well, everything!!"
- Peter & Natasha (First Time Buyers) East York, ON
"John is truly a professional. He has successfully helped me sell my house and then help me buy three (3) other homes with his confidence and strong negotiation skills. During the entire process, he constantly communicated with me and listened well as I was making difficult decisions. As a result, he has exceeded my expectations. John's qualifications and experience in real estate differentiates him from the other agents. He has helped my family and work colleagues sell and buy their homes too. I look forward to using your services in the near future and continuing referring you to my family and friends! Thanks again John."
- Georgia - Richmond Hill, ON
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SELLING YOUR HOME ON YOUR OWN - OR USING A REAL ESTATE SALESPERSON
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.
Home value sometimes referred to as "Value in Use", is best described as the probable price at which a home trades in a free, competitive, and open market and is synonymous with the market value.
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.
HOW REAL ESTATE MARKET CONDITIONS AFFECT YOUR OFFER PRICE
STAGING… FOR A FASTER SALE AND HIGHER PRICE
When should I sell my home? Your answer to this question might be right now! If you have taken a job in another city or made an offer on a new home, or had an addition to your family, selling your home fast might be the most important goal you have. Most people, however, have some flexibility when they sell their home. Let us take a closer look at the most important factors that can go into this decision.
A hot market is a "seller’s market". During a seller’s market, properties can sell within a few days of being listed and there are often multiple offers. Sometimes homes even sell above the asking price. Though most buyers want to get a "deal" on a home, reducing your offer by even a few thousand dollars could mean that someone else will get the home you desire.
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.
A very accurate saying is that "Any home will sell once you get the price right." Of course, this is usually said from the perspective of dropping a price until it's too attractive to pass up. Actually, the accurate pricing of your home prior to listing is as much an art as it is a science.
Marketing a home for sale is quite different from most other types of marketing and advertising. Unlike marketing many products, homes are each unique. Marketing decisions will be based on thorough examination of the home’s features and comparison to the competition in the marketplace. Decisions must also be made concerning improvements that might enhance the home and sell it faster and for a higher price.
Whether buying or selling a home, one activity will be part of the process in all cases and for all involved. Let’s look at the offer to purchase contract and negotiation process from both sides
The provincial government has provided rules/guidance on how it will transition to the implementation of the proposed Harmonized Sales Tax.
- The provincial government HST enquiry line at 1-800-337-7222
- The Canada Revenue Agency GST/HST enquiry line at 1-800-959-8287
Background
The provincial government has announced that it intends to combine the eight percent Provincial Sales Tax with the five percent federal Goods and Services Tax, creating a 13 percent Harmonized Sales Tax (HST).
The HST is NOT YET IN EFFECT. The provincial government has indicated that it intends to bring the HST into effect beginning on July 1, 2010; however, note transition rules below.
HST will not apply on the purchase price of re-sale homes.
HST would apply to services such as moving cost, legal fees, home inspection fees, and REALTOR® commissions.
HST will apply to the purchase price of newly constructed homes. However, the Province is proposing a rebate so that new homes across all price ranges would receive a 75 per cent rebate of the provincial portion of the single sales tax on the first $400,000. For new homes under $400,000, this would mean, on average, no additional tax amount compared to the current system.
Transitional Rules for New Housing
Generally, sales of new homes under written agreements of purchase and sale entered into on or before June 18, 2009 would not be subject to the provincial portion of the single sales tax, even if both ownership and possession are transferred on or after July 1, 2010.
The tax would also not apply to sales of new homes under written agreements of purchase and sale entered into after June 18, 2009 where ownership or possession is transferred before July 1, 2010.
Additional Transitional Rules
Where services straddle the HST implementation date of July 1, 2010, the tax charged for the service may have to be split between the pre-July 2010 and post-June 2010 periods. However, the HST will generally not apply to a service if all or substantially all (90% or more) of the service is performed before July 2010.
Four key timelines are important (see below). All are based on the earlier of the time the consideration is either due (In general, an amount is due on the date of the invoice or the day required to be paid pursuant to a written agreement), or is paid without having become due. If consideration is due or paid,
Before October 15, 2009, HST will generally not apply (however, see above transition rules for new housing).
From October 15, 2009 to April 30, 2010, certain business that are not entitled to recover all of their GST/HST paid as input tax credit may be required to self-assess the provincial component of the HST with respect to goods or services supplied after June 30, 2010.
From May 1, 2010 to June 30, 2010, HST will generally apply for services supplied after June 30, 2010.
After June 30, 2010, HST will generally apply. An exception to this rule would be where ownership of the property is transferred before July 2010 or the invoice relates to services provided before July 2010.
With regard to the lease or license of goods, including non-residential real property, HST will generally apply to lease intervals or payment periods on or after July 1, 2010 and the general rules noted above will apply. However, where a lease interval begins before July 2010 and ends before July 31, 2010, it is not subject to HST.
With regard to the sale of non-residential property, HST is due where both possession and ownership of non-residential property occurs on or after July 1, 2010.
John Toublaris, Sales Representative. Re/Max Ultimate Realty Inc., Brokerage, independently owned & operated. 416-487-5131. Homes For Sale in East York, East York Homes for Sale, EastYorkHomeValues.ca, East York Home Values, Condos for Sale in Toronto, Toronto Condos for Sale, Downtown Condos for Sale, Leslieville Homes for Sale, Homes for Sale in Leslieville, Homes for Sale in Beaches, Beaches Homes for Sale, Leaside Homes for Sale, Homes for Sale in Leaside, Homes for Sale in Riverdale, Riverdale Homes for Sale, John Toublaris Toronto Real Estate, John Toublaris Remax, John Toublaris in East York, John Toublaris in Toronto, Toronto John Toublaris, Toronto Homes for Sale John Toublaris, King Street East, King Street West
