48 ACRES ON THE 401

48 ACRES ON THE 401

by | Dec 13, 2016 | Rick's Listings | 0 comments

2396 Wilton Grove Rd, London -$1,999,000      47.8 ACRES of Land PLUS 3 bedroom house. Ideal for large companies looking to build on the 401 corridor. Ideal London Location. Be one of the first companies benefiting from the Veteran Memorial Parkway extension to Wilton Grove. Plans are in place to complete extension by 2016. *30 Acres are currently being leased....

Costs Involved in Buying a Home

by | Dec 6, 2016 | Buyer Guide | 0 comments

Costs Associated with Buying a home.   Appraisal Fee:  The appraisal fee is normally the responsibility of the borrower and is for the purpose of lender’s appraisal of the property to determine current market value.  The costs may range from $100-$250 plus HST. Your bank will advise you and or incorporate into mortgage.   Home Inspection Fee:  A home inspection is something any prudent home buyer will do when buying a property (with the exception of new homes).  Home Inspection is a benefit to the buyer and is therefore a cost that is assumed by them.  It can range from $350-$650 plus HST depending on the size and type of home.   H.S.T:  If your mortgage is CMHC insured there is 13% HST payable on closing on the CMHC fee.  While the CMHC fee may be added to the sum of the money borrowed the HST must be paid upon closing.   Survey Fee or Title Insurance:  Some lenders may require a recent survey of the property, If one is not available, the cost to have a new survey is normally between $700-$1,100 dollars.  In lieu of a survey, Title Insurance is now recommended and in some cases only requirement acceptable from some lenders. Most Lawyers have now packaged the Title Insurance into the other required disbursement charges.   Legal Costs:  A Lawyer will charge a fee for their professional services involved in drafting the title deed, preparing the mortgage, and conducting the various searches.  The disbursements on the other hand, ie; out-of-pocket expenses incurred, such as registrations, searches, supplies, plus H.S.T on these services. You should Cost approximately...

Costs Involved in Selling A Home

by | Dec 6, 2016 | Listing Tips | 0 comments

Costs Associated with Selling your home.     Legal Costs:  A Lawyer will charge a fee for their professional services involved in drafting the title deed, preparing the mortgage, and conducting the various searches.  The disbursements on the other hand, ie; out-of-pocket expenses incurred, such as registrations, searches, supplies, plus HST on these services. You should Cost approximately $325-375 for disbursements and $400-$600 for your Lawyer’s fee, depending on the Lawyer you choose.   Utility and Property Tax Adjustments:  Closing adjustments for bills that the seller has prepaid such as property taxes, utility bills, and other charges will be prorated.  Any bills after the closing date are the purchaser’s responsibility.  Your lawyer will let you know what they are exactly once the various searches have been completed.   Real Estate Fees: Your Sales Representative Brokerage usually as a Listing % from 4 – 6% depending on the price of your home, most commonly 5% + HST. That fee is dispersed evenly between the listing and selling Sales...

The Reasons Why A Realtor Is Important

by | Dec 1, 2016 | Market Trends | 0 comments

Why a REALTOR®? Maybe you’re buying a home for the first time. Or maybe you’re selling your old home to move to something new. Whether buying or selling, you’re involved in an intricate process requiring many specialists. One of these specialists might be a REALTOR®, who’s responsible for making the transaction as easy as possible for you. The REALTOR® Difference However, not every licensed or registered broker or salesperson is a REALTOR®. To be a REALTOR®, the agent must be a member of The Canadian Real Estate Association (CREA). And to be a member of CREA, an agent is expected to be: Committed to the REALTOR® Code: The code is the accepted standard of conduct for all real estate practitioners who are REALTORS®. It’s your guarantee of professional conduct and the quality service. Read more about the REALTOR® Code. Knowledgeable about developments in real estate: A REALTOR® can get you the information needed to make an informed decision: comparable prices, neighborhood trends, housing market conditions and more. Actively updating education: Through courses, workshops and other professional development, a REALTOR®maintains a high level of current knowledge about real estate. Access: REALTORS® have access to Board MLS® Systems, which facilitate the cooperate sale of properties to benefit consumers. Benefits of a REALTOR® Whether buying or selling a home, you can trust that your REALTOR® will ensure the transaction is completed competently and professionally. You don’t have to worry about the details – your REALTOR® can take care of them for you. You can get advice from someone with an intimate knowledge of the local housing market. And you can count on...

Real Estate Market – CREA Quarterly Forecasts

by | Dec 1, 2016 | Market Trends | 0 comments

Quarterly Forecasts Ottawa, ON, September 15, 2016 – The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations in 2016 and 2017. Canadian housing market trends have largely evolved in line with previous expectations over the second quarter of 2016, with the exception of sales activity in British Columbia and Ontario. Sales in the Lower Mainland of British Columbia have braked more abruptly than anticipated, reflecting buyer uncertainty following the introduction of the new property transfer tax on Metro Vancouver home purchases by foreign buyers. By comparison, transactions in Ontario have held steady in recent months near record levels and have yet to show signs of cooling. Taking these factors into consideration, sales forecasts have been revised upward for Ontario and downward for British Columbia. These revisions largely offset each other at the national level. In addition, Alberta’s sales forecast has been revised upward, reflecting better than expected activity during the second quarter and decent sales momentum entering the third quarter. Even so, the current economic climate suggests Alberta sales may struggle to maintain traction over the remainder of 2016 and into 2017. Nationally, sales activity is forecast to rise by 6.0 per cent to 535,900 units in 2016, which is little changed from CREA’s previously predicted sales increase of 6.1 per cent to 536,400 units this year. This represents a new record for annual sales. However, after adjusting for population growth, sales are still expected to remain below the peak reached in 2007. (Figure A) Among the most populous provinces,...

House Hunters: Better Leave Some Time For The Hunt

by | Dec 1, 2016 | Buyer Guide | 0 comments

Here’s an article that was written in Forbes regarding the time spent by buyers, looking for a home. I think this is also accurate for  the current Real Estate Market in London, Ontario   Rick Pinheiro – Broker Pinheiro Realty Brokerage rick@pinheirorealty.ca #londonontariohomesforsale, #londonontario, #firsttimehomebuyers, #londonrealestate, #londonontariohomesforrent, #londonontariolistings link to Forbes Article – http://www.forbes.com/sites/kateashford/2016/10/31/house-hunters/#6be301bc2476...

McKenzie Homes

by | Nov 30, 2016 | Uncategorized | 0 comments

Mckenzie Homes is a quality Home Builder with a long outstanding reputation for great service. Contact Rick today to start learning more about McKenzie homes and the beautiful homes they are building at Victoria on the River....