real estate insider vol 29 2015

WHAT’S INSIDE:Spring Real Estate: PAGE 2

Oakville • Milton • Campbellville • Acton • Rural • Halton

No Down Payment, PAGE 7Home Maintenance Issues, PAGE 7

YOUR SOURCE FOR REAL ESTATE INFORMATION

Volume 29

Escarpment Manchisi Realty Ltd., BrokerageIndependently Owned & Operated

Who hasn’t watched an episode of Flip That House or Income Property and thought: “I could totally do that!” With interest rates at an all-time low and ever-increasing property values, many amateur investors have gotten in on the house flipping game. A growing trend in the Canadian housing industry, buying a fixer-upper or investing in new construction with the intent of selling the home without ever moving in for a tidy little profit is referred to as ‘flipping’ a house. It has proven to be a lucrative process for many, but can also be fraught with problems. On a number of occasions, I have seen well-intentioned, hopeful flippers lose money. Let’s face it, there is a lot that can go wrong when buying a neglected home or one that hasn’t even been built yet. Often the cost of renovations, mortgage payments and invested time ends up amounting to more than the eventual profit margin.

In this risky game, it’s important to remember that you get what you pay for. We’ve all heard it before but it’s easy to assume that you’ve gotten the steal of the century when a home in a great neighbourhood comes on the market for significantly less than other homes on the street. Most ‘flippers’ buy these homes and soon find a host of unanticipated problems lying

under the surface, anything from foundation cracks to termites, mold, faulty wiring or even asbestos. Having a back-up budget just in case renovations do not go as smoothly as planned or unexpected costs arise is always prudent.

Mortgage companies owning a property want to get rid of it as quickly as possible. In this case, homes are often sold or auctioned at a price considerably lower than its market value. Frequently, the house is sold only for what is owed on it. But often through auctions and foreclosures the house is sold ‘site unseen’. Which means you could be buying a home with a serious number of problems, again leaving you without profit.

Though flipping houses is fun and can be very profitable, flipping a home too quickly may result in a tax audit. If the money made off a house flip does not immediately roll into a similar investment, i.e. another house flip, your profit may be subject to a capital gains tax.

Flipping houses does indeed have the potential for unlimited income. Success depends on one’s financial situation, skill in evaluating real estate for purchase, knowledge of home renovating, negotiation skills and a little luck. Know your market, pick the right time to buy and sell and flip it quick!

Would You Like to Become a

Not intended to solicit persons or properties currently under contractual agreement.

Office: [email protected] • [email protected]

www.facebook.com/Manchisiteamwww.manchisiteam.com

Sales Representative & Broker of Record

2014

2013

Volume 29


Escarpment Manchisi Realty Ltd., BrokerageIndependently Owned & Operated www.manchisiteam.com

DomenicMANCHISI

[email protected] of Record

[email protected] Representative

MickeyGALEKOVIC


AprilMURPHY


Pooja [email protected]

Broker

AnnaTACIAK


[email protected]

Sales Representative

Domenic Manchisi started his career in real estate in 1996. In addition to strengthening his experience, Domenic has dedicated himself to expand his skill set both personally and professionally which he has utilized to lead himself and his team to become the number one real estate team in Canada* and he was a top producer for RE/MAX in 2013. Domenic’s dedication to expand his knowledge has led him to pursue the following designations and certificates:

• Appraisal• Mortgage Financing• Property Law• Property Management

• Licensed Mortgage Agent• Brokers License• Real Estate Investment• IRES

Domenic has created a dominant presence as a real estate broker predominantly in the Halton Region. Domenic’s success is a result of his extensive experience in the real estate industry as well as the ability to understand the needs of his clients. His core understanding of the real estate industry has not only been recognized by clients but also by colleagues and industry leaders. Domenic has been invited as a guest speaker for Donald Trump’s Apprentice, Bill Rancic, has appeared with The Dragons Den Wealthy Barber, has participated in expert panels at the National Association of Realtors (NAR), has made the cover of several magazines and has won many awards across North America for the work he and his team have achieved.

Domenic currently lives in Milton with his wife and business partner, Jody Manchisi, and their two children.

*For Prudential Canada 2008-2011

Stability • Experience • Relationships

About Domenic Manchisi

Member of theCross Canadian Referral Network

Take Advantage of the Spring Real Estate Market

Ahh, springtime. The snow is melting, the birds are chirping and optimistic thoughts of warmer weather are creeping into our minds. The spring season also marks a very busy time for the real estate industry. If you look at stats from real estate boards across the province, most show a substantially higher number of listed homes and sales during the months of April, May and June. In Hamilton for example, 4,486 homes were sold during these three spring months in 2013, compared to 2,894 during January, February and March. That’s around 55 percent more homes sold during the spring months!

So why is spring such a popular time for selling? For one, your home will show much better. Creating curb appeal during the winter months is difficult. In the springtime you have the advantage of bright green grass, budding trees and a splash of colour from your spring blossoms to help make your home look its best.

Secondly, a spring sale generally means a summer move, the most convenient time for many homeowners to pack up their homes and relocate. Children won’t need to worry about switching schools mid-year, adults likely have time off work for their summer holidays and the actual move itself is much easier during the warm months.

Another reason why spring is such a popular time for sellers is simply because they know there will be plenty of prospective buyers house hunting. If you list your home in December or January, the amount of traffic you see won’t compare to a May listing.

On the opposite side of the coin, you might be planning on buying a home this spring. While it might seem like all the cards are stacked in the seller’s deck, that isn’t always the case. The spring is a great time for buyers to do their house hunting. Inventory is high and it’s much easier to see landscaping, decks and the foundation of a home without a couple feet of snow on the ground. Plus, you can count on being in your new home just in time for summer barbecues!

FEATURED HOMES


to get your home sold, call us now! Office: 905.875.4594Escarpment Manchisi Realty Ltd., BrokerageIndependently Owned & Operated

Volume 29FO

R SALE

Exquisite 1840’s re-finished home with all of todays modern finishes still keeping the old age charm, situated on 95.25 acres. Spacious 4 bedroom 3.5 baths, 3 fireplaces, Gorgeous hardwood floors, High baseboards and large wood trim, crown mouldings, galley kitchen with stainless steel appliance. Formal dining room, main floor family room and 2nd floor family room. Large separate living room. Master bedroom addition above garage offers a 5-piece ensuite, walk-in closet, gas fireplace and walk-out to balcony with stunning views of the pond and property. Large mud/laundry room, heated and air conditioned finished garage. 1,400 square foot barn with loft and oversize double car garage. Geo thermal heating/cooling, silo with spiral staircase and views that are spectacular. Feature sheet available upon request for more details.

13268 Fifth Line �� $4,500,000

FOR SA

LE

Sought after Timberlea 4 bedroom home situated on a large corner lot. Parking for 4 cars in driveway (no sidewalk). Spacious home, main floor offers hardwood floors, separate living room and dining room. Main floor family room with gas fireplace and walk out to yard. Family size kitchen with lots of light. Main floor laundry room with separate entrance. 2nd floor offers 4 bedrooms. Master with renovated 5-piece ensuite bath and walk-in closet. Finished lower level adds for extra living space. Large fenced yard with shed, patio and in-ground pool. Main floor rear windows are UV protected to eliminate fading.

755 Robertson Crescent �� $669,900

FOR SA

LE

Beautiful 4 bed, 4 bathroom and 2 kitchens in Wot. Close to hospital, transit, parks and shopping. Spacious home offers hardwood floors, living/dining room combo, hardwood staircase, main floor family room, main floor laundry with garage access. Family size kitchen with walk-out to yard offers granite counters and backsplash, stainless steel appliances and breakfast area overlooking family room. 4 large bedrooms, master bedroom with 4 piece bath. Finished basement with 2nd kitchen, 2 piece bathroom, recreation room with bar. Great curb appeal, mature landscaping, fenced yard with stone patio, gazebo, gas BBQ and garden.

1389 Derby County Crescent �� $719,900

FOR SA

LE

Beautiful 4+2 bedroom, 4 bath open concept spacious home. Offering hardwood floors on main floor, main floor family room overlooking kitchen with gas fireplace. Kitchen offers granite counters, breakfast bar, stainless steel appliances and walk-out to deck. 2nd floor with 4 bedrooms, master bedroom with 3-piece bath and walk-in closet. Finished lower level offers recreation room + 2 bedrooms and 3-piece bath. Inviting curb appeal, fenced yard with large deck and shed, located across from park and splash pad. Short walk to school.

639 Bennett Boulevard �� $579,900

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Volume 29FO

R SALE

Less than 5 years old 1 bedroom luxury suite in Tridel building “Ultima” with upgraded engineered hardwood floor. One exclusive parking spot underground access to subway. State of the art amenities including golf simulator, indoor pool, gym and exercise room. Walking distance to all shopping and transit. Amazing Value!

4978 Yonge Street, Unit 811 �� $279,900

SOLD

Welcome to Heathwood’s Lilac Model. 1,940 square foot, 3 bedroom semi detached home. Spacious floor plan with main floor living and dining room. Separate family room overlooking kitchen offering a gas fireplace. Eat-in kitchen with up-graded cabinets, granite counters and walk-out to fully fenced yard. 3 good size bedrooms, master has walk in closet, 5-piece ensuite, soaker tub, separate glass shower and double sink. 3rd bedroom offers vaulted ceilings. Basement has 3-piece rough-in. Central vacuum, garage access. Call today!

108 Kendall Drive ��

FOR SA

LE

Charming and beautiful raised bungalow minutes to Tottenham, Park setting with trees and open fields. Large finished stylish living space, vaulted ceilings on main floor, newer hardwood flooring, fresh paint, formal dining, huge renovated kitchen with new counters and tiled backsplash and flooring, stainless steel appliances, breakfast bar, overlooking dining room/family room with fireplace and walk out to terrace. Renovated 2-piece ensuite in master. Lower level family room with walk out to backyard. In-law suite with separate entrance to 1 bed apartment.

6929 4th Line �� $569,900

FOR SA

LE

Attention investors, great opportunity... 3 Bedroom upper level plus 1 bedroom apartment on lower level, spacious home, upper unit offers a large eat-in kitchen, dining room, living room, 4-piece bath and 3 good size bedrooms. Lower unit offers 1 bedroom, kitchen and large living area with separate entrance. Both units have laundry, 2 car parking in driveway.

85 Orsett Street �� $439,900

CALL TODAY905-875-4594

FIND OUT WHATYOUR HOME IS WORTH

ONLINE www.manchisiteamhomeevaluation.com

OPEN HOUSES VISIT

www.manchisiteam.com



Volume 29FO

R SALE

Stunning semi detached home. Impeccably maintained Heathwood’s Azalea model with 2,206 square feet plus approximately 600 square feet in the finished basement. Hardwood floors on main floor. Living room/dining room combination, main floor family room with 2-way gas fireplace. Family room is open to kitchen. Gorgeous eat-in kitchen with quartz counters, back splash, island, stainless steel appliances and breakfast area, walk out to patio. Spacious bedrooms second floor computer nook. Master bedroom with walk in closet, 5-piece ensuite. Fenced yard with stone patio. No side walk.

59 Forbes Terrace �� $569,999

FOR SA

LE

Beautiful 2 year old townhome over 2,000 square feet walk to go and shopping. Spacious 3 level home offers main floor family room, 2nd floor with large living room, separate din, spacious kitchen overlooking both dining and living rooms. 3 Good size bedrooms, master bedroom with 3-piece ensuite. Garage access from foyer, access to yard from garage, 3rd floor laundry, parking for 2 cars on driveway!

268 Andrews Trail �� $498,900

FOR SA

LE

Beautiful end unit townhome, feels like a semi detached. Situated on a large lot. Parking for 2 cars in driveway. No sidewalk. Large living room, open concept family room, overlooking the kitchen with electric fire place, spacious eat-in kitchen with walk 0ut to yard. Kitchen offers stainless steel appliances, granite counter tops. Main floor laundry with garage access. Four large bedrooms. Master bedroom offers, 4-piece ensuite and walk in closet. Fully fenced backyard. Great space for children. Close to shopping and hospital.

550 Duncan Lane ��$504,000

SOLD

800 Bessy Trail 370 Martin Street“Beautiful Mattamy 46 foot wide lot energy star landscaped home, in desirable Coates Crossing. 7 years, 2,760 square foot with curb appeal and wraparound porch. This pleasing floor plan features a living room with french doors and 2 large picture windows perfect for home office! Kitchen includes pot lights, backsplash, movable centre island, granite, lots of maple cupboards. Dining room with coffered ceiling, pillars, and light sconces. South-facing backyard for maximum light pours through the 8 foot patio doors, leading to large deck and fence pergolas. Spacious family room with upgraded maple hardwood. Master suite with double doors lead to walk-in closet and ensuite with 6 foot jetted tub. Convenient 2nd floor laundry with sink. 2nd floor computer nook overlooks the living room. Partially finished lower level awaits your finishing touches and offers large 2-piece washroom. No cost to you roof solar panels earn $$$ each year (see feature sheet for details). Parking for 4 cars on driveway no sidewalk. Walking distance to schools, parks, amenities, transit, convenience plaza, walk-in clinic, and Symposium Cafe (Voted best neighbourhood restaurant in Milton)”

Very well-maintained bungalow situated on a huge pool size lot with parking for up to six cars! Spacious home offers a large living room with hardwood floors, three bedrooms, large updated galley style kitchen with lots of cabinets, spacious breakfast area with large windows overlooking the yard and walk out to deck. Finished basement with fourth bedroom, recreation room, 3-piece bath and storage workshop. Large fenced yard with mature trees and gardens, storage shed, deck with gazebo and access to garage loft.

821 Cedarbrae AvenueLocation...Location, sought after mature neighborhood of Dorset Park. 3 level backsplit with 3+1 bedrooms situated on a huge mature lot with gorgeous perennial gardens. Beautiful curb appeal and private backyard oasis. Updated kit and bathrooms, spacious living/dining room with walk-out to large deck. Finished low level with wood burning fireplace, 4th bedroom and 3 piece bath. Large driveway can accommodate 4 cars!

SOLD

SOLD

Milton• 2 Storey - 129 Available Starting at $499,900.• Bungalow/Backsplits - 46 Available Starting at $350,000• Towns/Semis - 47 Available Starting at $350,000• Condo Towns - 3 Available Starting at $337,900• Apartments - 16 Available Starting at $267,900

Acton• 2 Storey - 20 Available Starting at $294,900• Bungalow/Backsplits - 12 Available Starting at $339,900• Towns/Semis - 0 Available

CALL US TODAY FOR ANY OF THESE HOMES - 905-875-4594HOMES FOR SALE• Condo Towns - 1 Available $229,000• Apartments - 0 Available

Campbellville/Brookville • 2 Storey - 13 Available Starting at $899,900• Bungalow/Backsplits - 6 Available Starting at $379,900

Rural• 2 Storey - 29 Available Starting at 298,900• Bungalow/Backsplits - 16 Available Starting at $469,000

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www.jdtire.com

During the spring of this year, my wife and I fell into the real estate market. Being somewhat unsure of things, we canvassed friends to help us locate a Real Estate Agent in the Milton area, we were fortunate that The Manchisi Team was named during our conversation.

We met with Domenic and we both immediately felt at ease. We were presented with a number of home options in the area and was always willing to show them to us. He was always available to answer any questions that we had and to coach us thought the process of buying a home. At times, I’m sure that we presented a challenge, due to the fact that we both live and work out of town. Fortunately for us, Domenic was always flexible enough to make sure that we got everything we needs to make a decision.

Without The Manchisi Team’s experience and guidance, we wouldn’t have found the home that we were looking for.

Sincerely,

Dave

TESTIMONIAL OF THE WEEK

VO

L. 2

8A

NSW

ER

S

Source: ©Web Sudoku 2015 - www.websudoku.com

SUDOKU



Volume 29



If you’re looking for a peaceful place to call home just outside of a bustling city centre, look no further than beautiful Campbellville. Nestled against the picturesque escarpment, this hamlet is ideal for those who commute to Toronto, with easy access to the 401 and 407. Offering a variety of home styles in every price range, Campbellville is a great place to raise a family or settle down in to enjoy your golden years.

The area is also home to a variety of unique attractions. The Stonehouse of Campbellville is a family-owned antique shop with an incredible assortment of spectacular stained glass windows in every shape and size. With three professional artisans on staff, they also offer stained glass window repair and restoration.

Now that the summer weather is on its way, Campbellville residents and visitors from all across Halton Region head to The Trail Eatery for ice cream, freshly baked sweet treats, homemade pie, smoothies, pizza, poutine, burgers and more.

It won’t be long before summer fruits and fresh veggies will be available and the best place to find them in Campbellville is at Stonehaven Farms. A fixture in the area for more than 50 years, Stonehaven offers pick-your-own strawberries every June, a Kids Zone, wagon ride tours and a farm market featuring seasonal fruits and

vegetables, homemade pies, tarts, cookies, jams and soft serve ice cream sundaes.

If you’re feeling lucky, the Mohawk Racetrack and OLG Slots at Mohawk are located just minutes north of Campbellville. With over 850 slot machines, live horse racing and a variety of dining options, there’s no shortage of excitement. Celebrate Victoria Day weekend at Mohawk Racetrack at their Fireworks and Family Night on Saturday, May 16. Face painting, kids activities, live music and tasty food are just a few of the highlights of this much-anticipated family event.

And for those who love the great outdoors, Campbellville is also home to not one but two fabulous nature-lover paradises. Crawford Lake Conservation Area and Mountsberg Conservation Area both call Campbellville home, offering visitors acres of outdoor fun, kilometres of scenic trails and a variety of popular annual events the whole family can enjoy.

Golf aficionados enjoy easy access to a number of award-winning courses and foodies will appreciate an assortment of unique restaurants, all within minutes of Campbellville.

What more could you ask for in a place to call home?

Volume 29

Free Report Reveals How You Can Buy a Home with Absolutely

HALTON – A new home ownership program allows qualified buyers to buy a homewith absolutely no down payment.

You may have owned a home before and are presently renting, or maybe you are a first time homebuyer and need a way to break into the housing market but held back because you thought you required a $10,000, $20,000 or even more for a down payment. Well regardless of your present situation, if you want to get into, or re-enter the housing market without having to make a cash down payment, then this new program may be just what you’re looking for. Why pay your landlord’s mortgage when you can be building your own equity.

Industry insiders have prepared a new special report entitled “How to Buy a Home With Zero Down”, which reveals how this new and innovative program can get you into the housing market immediately and with absolutely no down payment.

To order your free copy of this report, check us out online at: www.haltonnomoneydown.com

It’s not until you own a home of your own that you truly understand just how much work one is. Home maintenance isn’t just a matter of cutting the grass every so often and completing your weekly cleaning chores. When you had a home inspection done of your new home, the inspector may have given you a list of maintenance projects that need to be addressed. These aren’t items that would break a deal, just issues that should be tended to in order to avoid more costly repairs down the road. Some are projects that can wait, but others should not be ignored or procrastinated on.

Here are a few home repairs that you’ll want to look out for to avoid potential problems:

Roof and eaves troughs: Your roof and eaves trough’s main function is to keep the elements, namely water, out of your home. If you have cracked, curling or missing shingles, have them replaced immediately. Be sure your eaves troughs are clear of debris and properly affixed to your home. Siding is also susceptible to leaks, especially where it meets windows and doors. Look for fungus growing out of siding, a sign that moisture is beneath.

Leaks: Leaks, no matter how small, will not go away on their own. Things like leaky faucets, running toilets and other small plumbing issues will just get worse with time and will cost you a fortune on your water bill. Checking your house for mold and mildew is one of the most important things you can do in your home’s upkeep because it also affects your family’s health. A musty smell, dank air, and family members with chronic runny noses are warning signs. Be sure to check under carpets and around windows for visible mold or mildew. All of these things are red flags that you have a problem with leaking water and the damage could be severe

Cracks in the foundation: Again, it’s water that is the enemy. Even the smallest crack can allow water to seep into your basement. Use a ruler to measure the crack. If it is wider than 3/16 inch, even vertical ones, it can be a problem. Mark smaller cracks with tape and keep track of their progress. You can likely fix a smaller crack yourself but larger ones will need to be tended to by a professional.

Even if you have lived in your home for years, take the time to inspect these areas and make any necessary repairs.

Home Maintenance Issues You Should Not IgnoreHome Maintenance Issues You Should Not Ignore

Find your dream home in quaint Campbellville



“Your Connection to a Better Mortgage”Not intended to solicit buyers or sellers currently under contract with brokerage.Lic. # 10505

Together we makeMORTGAGES EASY

CALL US FOR ALLYOUR MORTGAGE NEEDS

LET US DO THE SHOPPING FOR YOU!FREE service with no obligation, find out how we can help! Learn how you can use your existing equity as an investment!

THINKING OF CONSOLIDATING DEBT?WE DO FIRST AND SECOND

MORTGAGES, CONSOLIDATE DEBT, AND REFINANCING

CALLDomenic Manchisi | Mortgage Agent (Lic. # 10505)

FOR YOUR MORTGAGE APPROVAL

DomenicMANCHISI

[email protected] of Record


MickeyGALEKOVIC


AprilMURPHY


Pooja [email protected]

Broker

AnnaTACIAK


[email protected]

Sales Representative

Volume 29

real estate insider vol 29 2015

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