Investment Opportunity in a Great Beach Community. Prime Main St. location in the heart of Grand Bend. High visibility with unique exterior , high traffic busy year round with major influx of tourist in the summer. 2 retail store fronts now operated as 1 unit by amazing tenants. 3 apartment rental units daily or weekly. Numerous updates to the building include: paint, plumbing, roof, electrical and flooring to name a few. This is a great opportunity to invest in this resort community. Great shopping, boating, golfing, theater, drag racing and of course the famous Lake Huron sunsets at the beach. Rental units website is: http://www.riversedgeapartments.com and all rentals are administered by a property manager. Call for a viewing 519-673-8745 Grace Dekker Broker at Keller Williams Lifestyles.
You would be surprised to know that most of the work involved in selling a home actually happens before it even goes on the market.
When you first see a property your hopefully seeing at its very best and most marketable, but most people don’t really know what happens behind the scenes.
First we do a market analysis of the property and compare it to other properties that have recently sold or are currently on the market. Then we try to determine who will buy the home and how they will live. The property has been cleaned, painted and we occasionally work with home stagers to furnish and redecorate if needed. If it has outdoor space we get someone to come in and give it a proper grooming. Sometimes, a home inspection report has been conducted and many of the small faults have been repaired. We have taken professional pictures and virtual tours, created floor plans and uploaded this information onto our website and the companies site. We have talk about it at our company meetings, prepared justed listed cards and flyers and create a social media buzz . We also have collected data and garnered our collegues opinions to arrive at the perfect price and marketing strategy. Of course all of this happens before the house is listed on MLS, once there, our job is to present the home to other realtors, field inquires and host open houses for the public. The idea is to show the property in is absolute best light, to attract the right buyer. We want to minimize any disturbance, safe guard your possessions and ultimately get the money for your property.
When you make an offer on a house you have to put down a deposit. Here are some things to keep in mind.
Here are some answers to common questions about deposits when you are buying a house.
When must a deposit be paid?
In Ontario, the standard real estate contract gives the buyer two choices; you can pay the deposit immediately when you make an offer, or you can agree to pay it within twenty four hours after the seller accepts it. Most buyers prefer the second option. If you are in a bidding war, you will be encouraged to come up with the deposit immediately, to show good faith to the seller.
Can the buyer get out of a deal by refusing to pay the deposit?
No. Once the deal is accepted, you can’t change your mind. If you do, the seller can sell the property again and if he gets less money than you were going to pay the seller can sue you for the difference, plus legal fees.
What happens if the deposit is paid late?
The seller has the right to cancel the deal. This is because all time limits matter in a real estate contract and if you are late, even by a few minutes, the seller can try and cancel. I have seen this happen many times, especially when the seller knows that there is another buyer out there who will pay more money. If you need more time to come up with your deposit, say so in your offer.
How much should a buyer pay as a deposit?
This is a tough question, and will largely depend on where your home is located. In Toronto, deposits are now usually up to 5 per cent of the sale price. In Brampton, it is closer to 2 per cent. In some areas of Ontario, deposits can be as little as a few hundred dollars.
Why does the deposit go to the seller’s real estate agent and not the seller?
If the seller goes bankrupt or disappears with the deposit, the buyer is not protected. When the deposit is held by the real estate brokerage, it is in trust and is also protected by insurance so even if the brokerage goes bankrupt, the buyer can get their money back.
If the buyer is unhappy with their home inspection, can the seller refuse to return the deposit?
This happens more than you think. A deposit cannot be released unless both the buyer and seller agree. If a seller believes the buyer did not act in good faith in trying to satisfy their condition, whether it is a home inspection, financing or a condominium status certificate review, they can refuse to release the deposit. This means it stays in the broker’s trust account until a judge decides who gets it, which can take years. As a precaution, buyers should consider making two deposits in their offer, a small one of say one per cent when the offer is accepted, and a second larger deposit once the condition is satisfied.
Understand the rules about deposits before you sign any real estate contract. It is expensive to change your mind later.
My signs may change, my dedication to my customers won’t.
I wanted you to be one of the first to know that I have made the move to real estate leader, Keller Williams Realty.
I look forward to sharing with you how this move makes your move easier!
Great Advice by a seasoned realtor!
METICULOUS DOUBLE WIDE MODULAR HOME WITH ATTACHED OVERSIZED GARAGE, DOUBLE DRIVEWAY. INSIDE ENTRY, WORKSHOP AND DOOR OPENER. EASY IN AND OUT OF THE PARK, EXTRA LARGE LOT THAT BACKS ON TO GREENSPACE. NICELY LANDSCAPED, PATIO WITH PRIVACY FENCE AND STORAGE UNIT. BRIGHT OPEN CONCEPT LIVING AREA ALONGSIDE LARGE EAT IN KITCHEN WITH NUMEROUS CUPBOARDS. 3 BEDROOMS.NEW INTERIOR DOORS AND NEW SHINGLES WITH 30 YR GUARANTEE. WALKING DISTANCE TO SHOPPING. TASTEFULLY DECORATED HOME HAS BEEN LOVINGLY CARED FOR AND IS MOVE IN READY. LANDLEASE $429/MONTH. AGENT RELATED TO SELLER.
Fabulous 4 bedroom `ENERGY STAR` home in new subdivision on a large lot. Home is only 1 year old & has many upgrades. Ceramic tile & engineered wood flooring. Dream kitchen with wet bar. Inside, the main floor takes advantage of the high ceilings, over sized windows & central cupola allowing abundant light throughout. Modern open concept kitchen/family room with breakfast area featuring over sized central island, upgraded cabinetry. Large principle rooms throughout, great home for entertaining or the growing family. Large master bedroom with ensuite, 2nd floor laundry. Unfinished basement. Beautifully landscaped with large deck. Spacious double garage. The area is surrounded by snowmobile & hiking trails & the ski slopes, the pristine Georgian Bay & the Blue Mountain Golf & Country Club are only minutes away. Seller is related to listing agent. Asking $495,000.
GREAT OPPORTUNITY! HIGHLY DESIRED CENTRAL IPPERWASH BEACH LAKEFRONT LOCATION. PROPERTIES LIKE THIS ARE IN HIGH DEMAND. OWN A PORTION OF ONE OF THE MOST BEAUTIFUL BEACHES IN ONTARIO. 2 COTTAGES ON THIS PROPERTY. RUSTIC 1.5 STOREY, 3 SEASON, 4 BEDROOM MAIN COTTAGE. SCREENED-IN DINING ROOM WHERE YOU CAN ENJOY THE BREATHTAKING VIEW. 2ND HOME IS A COZY, UPDATED, 2 BEDROOM BUNGALOW. GREAT POTENTIAL FOR INCOME RENTERS RETURN YEAR AFTER YEAR. LIST OF SUMMER RENTERS AVAILABLE. WRAP-AROUND DECK VIEWING THE NATURALIZED PROPERTY THAT IS OWNED TO THE WATERS EDGE. SPECTACULAR SUNSETS & BEACH JUST OUT YOUR FRONT DOOR; A SPECIAL PLACE OF NATURAL BEAUTY FOR ENJOYING MEMORABLE TIMES WITH FAMILY & FRIENDS.
HIGH TRAFFIC LOCATION WAREHOUSE. 29X44 STEEL CLAD BUILDING LOCATED ON A LARGE LOT WITH POTENTIAL PARKING LOT ON SIDE OF BUILDING. OFFICE, 2 PC BATH & STORAGE AREA. THIS BUILDING IS PERFECT FOR BUILDER, MECHANIC, WAREHOUSING, MANUFACTURER OR SIMPLY FOR EXTRA STORAGE. CONCRETE FLOORING, ROLL-UP INSULATED DOOR & SECURITY SYSTEM. THINKING OF EXPANDING OR STARTING A BUSINESS? THIS BUILDING HAS LOADS OF POTENTIAL. ASKING 65,000.
Avoid these seller mistakes to ensure your property is sold as quickly as possible.
By Gail Vaz-Oxlad
While homes in big cities may sell quickly, outside major centres homes can sit on the market for months and months. Sometimes it’s a slow market. Sometimes it’s silly mistakes made by sellers. Whether you are selling in the city or hoping to move your rural property into new hands, don’t make these mistakes:
You may have put a lot of love and a lot of money, into your home, but buyers don’t care. They aren’t comparing the home before you loved it with the one you’re selling now; they’re comparing your home to all the other options on the market. If you start off too high, you’ll stop all the people who might be interested from even looking at what you’ve got.
Really? You’re trying to sell your home but you’re not making it available when buyers want to see it? While it might be a major pain in the ass being on call for showings at the drop of a text, if you want that puppy gone, you’ll have to make it easy for buyers to see it.
Failing to prepare
Would you want to buy a home that was full of clutter, needed repairs or had a front yard that had run to weeds? The guy who you’re trying to convince doesn’t either. Rumour has it that it takes only about 60 seconds for a prospective buyer to form an opinion about a home. I know that of the four homes I’ve bought, I knew it was “the one” within minutes of walking in the door. Clean out the crap, tidy up the cupboards and the garage, stash your excess stuff in a friend’s basement until the home sells. And make sure the place smells wonderful. (You’ll benefit from that too.)
A low-ball offer hasn’t been made to offend you, it’s the buyer’s signal that the negotiation is going to be a rollercoaster ride. Buckle up, but keep smiling. Letting your emotions get in the way of a deal is immature. This is a business deal, treat it as such.
If you’re afraid of what an inspection might turn up, rather than get in the way of the inspection process, hire your own inspector to highlight what you need to fix. If you aren’t prepared to replace the 34-year-old furnace or 15-year-old roof, be prepared for the buyer to negotiate the cost of a new one off your sales price.