The Township of Wainfleet has implemented a mandatory septic system inspection program for the Lakeshore area which has been under a “Boil Water Advisory”.
The program’s purpose is to:
Identify hazards with malfunctioning or insufficient septic systems,
“Monitor ‘at risk’ areas”,
“Prevent pollution to groundwater”, and
“Restore ...
Posted by Eugene Pilato
on May 3, 2012
…is “How long has the home been on the market?”
Here are some of the reasons for asking, especially on homes with extended market times.
Generally, the longer a home has been on the market, the less confident the buyer is about the home’s value and the less attention it gets. In contrast, a newer listing garners lots of interest from buyers and their agents. ...
Posted by Eugene Pilato
on May 2, 2012
The following is a Market Update on the 12-month average sale price in the Niagara Region per city.
To Apr. 30/12
Average Sale Price
%'age
By Area
2012
2011
Change
12-Month Average
Fort Erie
$201,839
$180,034
12.1%
Fonthill/Pelham
$318,684
$315,604
1.0%
Niagara ...
Posted by Eugene Pilato
on May 2, 2012
Under Ontario regulations, if you are buying or selling, real estate salespeople are required to inform you of the available types of services that can be offered as soon as practically possible.
The Agency Relationship and Your Options
Salespeople are further obligated to obtain a written acknowledgement that the various services have been explained and disclosed. For this purpose salespeople ...
Posted by Eugene Pilato
on April 5, 2012
Home buying is very much a process of elimination
Home buyers often eliminate homes they call on once they receive more information. It’s too small or too big; it’s too much, lacks a 3rd bedroom or can have any number of other reasons to remove the listing as a possible to look at.
The Internet Can Help Clarify Buying Choices
Searching the Internet can devour hours of time. Yet the ...
Posted by Eugene Pilato
on April 5, 2012
Go to www.propertymogul.ca
And start playing today
Property Mogul is a FUN, FREE Online Game Launched by Century 21 Canada that’s designed to educate Canadians about real estate investment.
You are Assigned a CENTURY 21 Avatar. Through location-matching technology, each player is assigned a CENTURY 21 Avatar, a virtual representation of an existing real life salesperson from our local offices. ...
Posted by Eugene Pilato
on April 5, 2012
On average homeowners sell their home within seven years of buying and that’s increasing. A number of sellers fall short of this average. Some sell within one to two years of buying for various need-based reasons, such as:
Financial stress due to illness, job loss or being too stretched,
They dislike like the neighbourhood once there,
The house turns out to be too small or too large.
Job ...
Posted by Eugene Pilato
on March 7, 2012
From the 2011 NAR Profile of Home Buyers and Sellers
Length of Homeownership
Sellers owned their homes for a median of 9 years. Sellers above 45 owned for upwards of 10 years and those 65 to 74 sold after 14 years. Medium tenure in a home was 6 years in 2007.
Median Sale to List Price vs. Market Time
Overall, sellers sold their homes for 95 percent of list price, within a median market time ...
Posted by Eugene Pilato
on March 7, 2012
What is the “Holdover Provision” in a listing?
With this clause the seller agrees to pay commission for a certain period of time after the listing expires (the holdover period), if he sells to a buyer who was shown or introduced to the property during the listing period.
This clause also addresses a second possibility. What if the listing expires and the seller wants to list the home ...
Posted by Eugene Pilato
on March 7, 2012
5 Important Things to Know About HST Rebates When Buying a New Home
1. All new homes are subject to HST in Ontario.
2. Does the Price Include HST Net of Rebates? In most new home purchases, the Builder will include the HST in the purchase price net of applicable HST rebates. In this respect the builder has credited the qualifying rebates to the buyer by way of a reduction in the transaction ...
Posted by Eugene Pilato
on December 28, 2011