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TOSF
Courtesy of the Toronto Real Estate Board.
Toronto Market Enjoys
Second Best May Ever!
Greater Toronto REALTORS® reported
over 10,000 sales in May 2011, an
increase of six percent over the same
month last year and a strong enough
performance to distinguish it as the
second best May on record under the
current Toronto Real Estate Board
(TREB) service area!
“Positive economic news and low
borrowing costs led to strong sales
through the first five months of the
year, including the increase in May,”
said TREB president Bill Johnston.
“At the same time, the market has
become much tighter compared to
last year, due to a substantial dip in
new listings.”
Homes were on the market for an
average of 23 days, and sold for
an average price of $485,520 — an
increase of nine percent over May
2010. The strongest rate of price
growth was experienced for single-
detached homes sold in the City
of Toronto.
Noting the seller’s market conditions
that emerged throughout the
spring 2011 months, TREB’s Senior
Manager of Market Analysis, Jason
Mercer, commented, “The robust
price appreciation that we have seen
will hopefully prompt more owners
to list, resulting in a more balanced
market later this year.”
Whether you’re interested in buying
or selling a house or a condo, you’ll
want clarification on property
values and real estate movement
in your particular area of interest.
What’s the best way to get the most
accurate updates? Simply call, today!
Recine Team Report
Compliments of Melanie & Fabio RE/MAX Premier Inc., Brokerage
Each office is independently owned and operated.
Melanie Maranda Recine &
Fabio Recine
Sales Representatives
"It's your call
Call Melanie and Fabio"
RE/MAX Premier Inc., Brokerage
9100 Jane Street, Bldg. L, Suite #77
Vaughan, ON L4K 0A4
Office: 416-987-8000
Fax: 416-987-8001
Direct Melanie: 647-836-4062
Direct Fabio: 416-828-5441
mmaranda96@hotmail.com
frecine@trebnet.com
www.RecineTeam.ca
Greetings! You’re receiving this
newsletter with hopes that you find it
informative and entertaining.
If you’re thinking of making a move, or
are just curious as to real estate trends
in your area, please feel free to call at
any time. It’s always good to hear
from you!
Best wishes,
Melanie and Fabio
Volume 7, Issue 7
22
What’s Your Style?
There are two categories of carpeting: loop pile and cut
pile. Loop styles include Berber and level loop. Both are
durable, stain resistant, easy to clean, and leave little
evidence of walking or vacuuming, making them great
for high-traffic areas. Level loop, which is often used
in commercial spaces due to its resilience, has a tough
texture, while Berber is soft. Because they’re looped,
however, both are vulnerable to snagging.
Cut-pile begins as loop pile, but the loops are cut during
manufacturing. Styles include plush, Saxony, textured,
and frieze. Footprints and vacuum marks easily show
on plush and Saxony carpets, thanks to their velvety
soft surfaces. Less suitable for high-traffic areas, they’re
often used in master bedrooms and formal living rooms.
Textured and frieze are very popular choices for floors in
every room of the home, as they mask imprints well and
are quite durable (frieze especially so).
Get Your Fiber
A carpet’s durability is largely determined by its fiber
type. Most carpets are made of synthetic fibers: nylon,
olefin (polypropylene), polyester and acrylic, for
example. Nylon is the most commonly used fiber, and no
wonder — it’s strong, easy to clean, and resistant to dirt,
mildew, and crushing, making it great for floors that see
lots of activity. Polyester is nylon’s less expensive, less
resilient alternative.
Olefin has traditionally been used for outdoor carpeting,
but is becoming more popular indoors. Relatively
inexpensive, it offers excellent stain and moisture
resistance, but is susceptible to crushing.
Acrylic resembles wool in look and feel, but is much
less expensive. It’s stain and mildew resistant, and easily
cleaned. Acrylic can pill, however. More commonly used
in rugs than carpets, it’s not recommended for high-
traffic areas.
A natural fiber, the luxuriousness of wool is pricey. Its
advantages are that it’s naturally durable, made from a
sustainable material, and soil resistant due to its tightly
packed fibers. However, it’s high-maintenance and
moisture absorbent.
Carpet Color
If you’re selling your home, or there’s a chance you’ll
be selling in the near future, your carpet-color choice
should be dictated not by what’s appealing to you, but
by what’s appealing to as many potential buyers as
possible. And that means staying neutral: off-white,
beige, or gray, for example.
If you’re staying put, anything goes. But do keep the
following in mind: Light colors show off stains, and
are harder to clean. On the upside, they help make
smaller rooms appear bigger and brighter. Dark colors
better hide stains but more easily show lint; they also
lend large rooms a sense of warmth. Also, a color looks
different depending on lighting, so be sure to get
samples and look at them under a variety of different
light sources.
Out with the old, in with the new. Carpeting, that is.
Are you redecorating? Or preparing the home for
sale? Whatever your reasons for installing new
carpeting, here’s a guide to help you make the best
choice for your needs.
Tread Softly
3Volume 7, Issue 7 3
n Access to the most comprehensive — and current —
information. Want to be in the know about properties
not even listed on the MLS®
? Want the most up-to-
date figures on comparable sales to help you determine
your offer price? Want insight into the local market?
There’s no more immediate source of information than
your real estate sales representative.
n Negotiating is a skill. Having a real estate sales
representative negotiate on a buyer’s behalf allows
for the best possible deal, without ruffling the
seller’s feathers. And knowing how to respond to a
rejected offer is just one important way a real estate
professional can help a seller.
n Contracts can be confusing. They’re there to protect you
and to provide an “out” if specified conditions aren’t met
— provided the contract has been properly drawn up. As
the language can be confusing, and the legal ramifications
serious, most people feel contracts are an aspect of home
buying best left to experienced professionals.
n It’s your real estate sales representative’s job to look
out for your best interests. Real estate licensees must
adhere to certain laws and ethical codes; if they
don’t, there are repercussions. Many people prefer the
security of having someone accountable on their side,
and like knowing they’re protected should they run up
against an unscrupulous party.
Setting the Stage
Have you discussed with your real estate sales
representative the possibility of having your
home professionally staged before it goes on the
market? Here are four reasons you may consider
going this route.
The Internet has been a boon to both buyers
and real estate professionals. But it’s no
replacement for personal service. Here’s why
you still need a real estate sales representative
to walk you through the home-buying process.
The Personal Touch
n Staging helps you think like a buyer. In other words,
it helps you view your property not as your home, but
as a product to be marketed and sold like any other.
The sooner you adopt that perspective, the better off
you’ll be — everything from showings, to contract
negotiations, to moving day is easier when you have a
more objective attitude.
n Staging can help sell your home faster. Surveys
have shown that properties that have been staged
sell anywhere from 30 to 80 percent more quickly
than those that haven’t been staged. A staged home
photographs and shows better, generating more
interest, leading to more offers. As a result, staged
homes tend to spend fewer days on the market.
n Staging can help to justify your asking price. In a
sellers’ market, justifying your asking price isn’t as big
an issue. But in a buyer’s market, you need to pull out
all the stops in order to convince buyers that your
property is worth what you’re asking. Staging helps to
do just that — and it isn’t likely to cost you as much as
lowering your price would.
n Staging can help you fetch a higher price for your
home. Just as surveys have shown that staged properties
sell more quickly, they often also show that staged
properties can sell for more money than those that
haven’t been staged. Often, the resultant price increase
is far higher than the cost of hiring a home stager.
Beat the Heat
Hot enough for you? Take these few steps to prepare
your house for the hottest weather of the year, and not
only will you be more comfortable when the mercury
spikes, you’ll save energy and money, too.
n Test your air-conditioning system. Make sure your
thermostat is set to Cool and turn down the temperature.
If the system doesn’t turn on, the culprit might be
as simple as a tripped breaker. If the problem is more
complex, you’ll want to address it before the year’s
hottest days arrive and technicians are in high demand.
n Get a new air-conditioner filter. Dirty filters inhibit
airflow, forcing your air conditioner to work harder to
keep you cool, wasting energy and money. How often
you should replace the filter depends on whether you
have pets or allergies, or are a smoker, for example, but
you should at least check it once a month in the summer.
n Make sure your attic is well insulated. A significant
portion of a home’s energy loss occurs through its
roof; attic insulation acts as a barrier that, in summer,
reduces the transfer of heat from outside your house
to inside. Without adequate insulation, heat enters and
builds up in your house, making it harder and more
costly to cool.
n Just as cold seeps into a house through its cracks and
gaps, heat and humidity use those same entry points. So
to keep the cool air in and the hot air out, seal up your
house. Leaks are commonly found around doors, windows,
chimneys, and anywhere plumbing, ductwork, or electrical
wiring passes through walls, floors or ceilings.
Appraisal Report — Usually commissioned
by a mortgage lender in order to ensure
a loan doesn’t exceed a property’s value,
an appraisal report details the findings
of home appraisers, whose job it is to
estimate a property’s value. Included in
appraisal reports are: details about the
property’s condition, including significant
flaws affecting the property’s value;
comparisons of similar properties; and an
evaluation of local market conditions.
Terminology Tip
4
The information and opinions contained in this newsletter are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published
information. This newsletter is provided with the understanding that it does not render legal, accounting, or other professional advice. Not intended to solicit properties or businesses listed for sale and agency agreements in place with other real estate brokers. Whole or
partial reproduction of this newsletter is forbidden without the written permission of the publisher. © Market Connections Inc.® 2011, Phone: (800) 387-6058.
2 Bedroom
325K
Handy Man's dream
359K
1 Bedroom
203K
Fabio and Melanie Recine
Sales Representatives
416-828-5441/647-836-4062
Compliments of Melanie and Fabio RE/MAX Premier Inc., Brokerage
Villa Giardino
Hwy 7 and MartingroveKing City
1 acre
TREVISO II

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Toronto Real Estate Market Enjoys Second Best May

  • 1. TOSF Courtesy of the Toronto Real Estate Board. Toronto Market Enjoys Second Best May Ever! Greater Toronto REALTORS® reported over 10,000 sales in May 2011, an increase of six percent over the same month last year and a strong enough performance to distinguish it as the second best May on record under the current Toronto Real Estate Board (TREB) service area! “Positive economic news and low borrowing costs led to strong sales through the first five months of the year, including the increase in May,” said TREB president Bill Johnston. “At the same time, the market has become much tighter compared to last year, due to a substantial dip in new listings.” Homes were on the market for an average of 23 days, and sold for an average price of $485,520 — an increase of nine percent over May 2010. The strongest rate of price growth was experienced for single- detached homes sold in the City of Toronto. Noting the seller’s market conditions that emerged throughout the spring 2011 months, TREB’s Senior Manager of Market Analysis, Jason Mercer, commented, “The robust price appreciation that we have seen will hopefully prompt more owners to list, resulting in a more balanced market later this year.” Whether you’re interested in buying or selling a house or a condo, you’ll want clarification on property values and real estate movement in your particular area of interest. What’s the best way to get the most accurate updates? Simply call, today! Recine Team Report Compliments of Melanie & Fabio RE/MAX Premier Inc., Brokerage Each office is independently owned and operated. Melanie Maranda Recine & Fabio Recine Sales Representatives "It's your call Call Melanie and Fabio" RE/MAX Premier Inc., Brokerage 9100 Jane Street, Bldg. L, Suite #77 Vaughan, ON L4K 0A4 Office: 416-987-8000 Fax: 416-987-8001 Direct Melanie: 647-836-4062 Direct Fabio: 416-828-5441 mmaranda96@hotmail.com frecine@trebnet.com www.RecineTeam.ca Greetings! You’re receiving this newsletter with hopes that you find it informative and entertaining. If you’re thinking of making a move, or are just curious as to real estate trends in your area, please feel free to call at any time. It’s always good to hear from you! Best wishes, Melanie and Fabio Volume 7, Issue 7
  • 2. 22 What’s Your Style? There are two categories of carpeting: loop pile and cut pile. Loop styles include Berber and level loop. Both are durable, stain resistant, easy to clean, and leave little evidence of walking or vacuuming, making them great for high-traffic areas. Level loop, which is often used in commercial spaces due to its resilience, has a tough texture, while Berber is soft. Because they’re looped, however, both are vulnerable to snagging. Cut-pile begins as loop pile, but the loops are cut during manufacturing. Styles include plush, Saxony, textured, and frieze. Footprints and vacuum marks easily show on plush and Saxony carpets, thanks to their velvety soft surfaces. Less suitable for high-traffic areas, they’re often used in master bedrooms and formal living rooms. Textured and frieze are very popular choices for floors in every room of the home, as they mask imprints well and are quite durable (frieze especially so). Get Your Fiber A carpet’s durability is largely determined by its fiber type. Most carpets are made of synthetic fibers: nylon, olefin (polypropylene), polyester and acrylic, for example. Nylon is the most commonly used fiber, and no wonder — it’s strong, easy to clean, and resistant to dirt, mildew, and crushing, making it great for floors that see lots of activity. Polyester is nylon’s less expensive, less resilient alternative. Olefin has traditionally been used for outdoor carpeting, but is becoming more popular indoors. Relatively inexpensive, it offers excellent stain and moisture resistance, but is susceptible to crushing. Acrylic resembles wool in look and feel, but is much less expensive. It’s stain and mildew resistant, and easily cleaned. Acrylic can pill, however. More commonly used in rugs than carpets, it’s not recommended for high- traffic areas. A natural fiber, the luxuriousness of wool is pricey. Its advantages are that it’s naturally durable, made from a sustainable material, and soil resistant due to its tightly packed fibers. However, it’s high-maintenance and moisture absorbent. Carpet Color If you’re selling your home, or there’s a chance you’ll be selling in the near future, your carpet-color choice should be dictated not by what’s appealing to you, but by what’s appealing to as many potential buyers as possible. And that means staying neutral: off-white, beige, or gray, for example. If you’re staying put, anything goes. But do keep the following in mind: Light colors show off stains, and are harder to clean. On the upside, they help make smaller rooms appear bigger and brighter. Dark colors better hide stains but more easily show lint; they also lend large rooms a sense of warmth. Also, a color looks different depending on lighting, so be sure to get samples and look at them under a variety of different light sources. Out with the old, in with the new. Carpeting, that is. Are you redecorating? Or preparing the home for sale? Whatever your reasons for installing new carpeting, here’s a guide to help you make the best choice for your needs. Tread Softly
  • 3. 3Volume 7, Issue 7 3 n Access to the most comprehensive — and current — information. Want to be in the know about properties not even listed on the MLS® ? Want the most up-to- date figures on comparable sales to help you determine your offer price? Want insight into the local market? There’s no more immediate source of information than your real estate sales representative. n Negotiating is a skill. Having a real estate sales representative negotiate on a buyer’s behalf allows for the best possible deal, without ruffling the seller’s feathers. And knowing how to respond to a rejected offer is just one important way a real estate professional can help a seller. n Contracts can be confusing. They’re there to protect you and to provide an “out” if specified conditions aren’t met — provided the contract has been properly drawn up. As the language can be confusing, and the legal ramifications serious, most people feel contracts are an aspect of home buying best left to experienced professionals. n It’s your real estate sales representative’s job to look out for your best interests. Real estate licensees must adhere to certain laws and ethical codes; if they don’t, there are repercussions. Many people prefer the security of having someone accountable on their side, and like knowing they’re protected should they run up against an unscrupulous party. Setting the Stage Have you discussed with your real estate sales representative the possibility of having your home professionally staged before it goes on the market? Here are four reasons you may consider going this route. The Internet has been a boon to both buyers and real estate professionals. But it’s no replacement for personal service. Here’s why you still need a real estate sales representative to walk you through the home-buying process. The Personal Touch n Staging helps you think like a buyer. In other words, it helps you view your property not as your home, but as a product to be marketed and sold like any other. The sooner you adopt that perspective, the better off you’ll be — everything from showings, to contract negotiations, to moving day is easier when you have a more objective attitude. n Staging can help sell your home faster. Surveys have shown that properties that have been staged sell anywhere from 30 to 80 percent more quickly than those that haven’t been staged. A staged home photographs and shows better, generating more interest, leading to more offers. As a result, staged homes tend to spend fewer days on the market. n Staging can help to justify your asking price. In a sellers’ market, justifying your asking price isn’t as big an issue. But in a buyer’s market, you need to pull out all the stops in order to convince buyers that your property is worth what you’re asking. Staging helps to do just that — and it isn’t likely to cost you as much as lowering your price would. n Staging can help you fetch a higher price for your home. Just as surveys have shown that staged properties sell more quickly, they often also show that staged properties can sell for more money than those that haven’t been staged. Often, the resultant price increase is far higher than the cost of hiring a home stager.
  • 4. Beat the Heat Hot enough for you? Take these few steps to prepare your house for the hottest weather of the year, and not only will you be more comfortable when the mercury spikes, you’ll save energy and money, too. n Test your air-conditioning system. Make sure your thermostat is set to Cool and turn down the temperature. If the system doesn’t turn on, the culprit might be as simple as a tripped breaker. If the problem is more complex, you’ll want to address it before the year’s hottest days arrive and technicians are in high demand. n Get a new air-conditioner filter. Dirty filters inhibit airflow, forcing your air conditioner to work harder to keep you cool, wasting energy and money. How often you should replace the filter depends on whether you have pets or allergies, or are a smoker, for example, but you should at least check it once a month in the summer. n Make sure your attic is well insulated. A significant portion of a home’s energy loss occurs through its roof; attic insulation acts as a barrier that, in summer, reduces the transfer of heat from outside your house to inside. Without adequate insulation, heat enters and builds up in your house, making it harder and more costly to cool. n Just as cold seeps into a house through its cracks and gaps, heat and humidity use those same entry points. So to keep the cool air in and the hot air out, seal up your house. Leaks are commonly found around doors, windows, chimneys, and anywhere plumbing, ductwork, or electrical wiring passes through walls, floors or ceilings. Appraisal Report — Usually commissioned by a mortgage lender in order to ensure a loan doesn’t exceed a property’s value, an appraisal report details the findings of home appraisers, whose job it is to estimate a property’s value. Included in appraisal reports are: details about the property’s condition, including significant flaws affecting the property’s value; comparisons of similar properties; and an evaluation of local market conditions. Terminology Tip 4 The information and opinions contained in this newsletter are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This newsletter is provided with the understanding that it does not render legal, accounting, or other professional advice. Not intended to solicit properties or businesses listed for sale and agency agreements in place with other real estate brokers. Whole or partial reproduction of this newsletter is forbidden without the written permission of the publisher. © Market Connections Inc.® 2011, Phone: (800) 387-6058. 2 Bedroom 325K Handy Man's dream 359K 1 Bedroom 203K Fabio and Melanie Recine Sales Representatives 416-828-5441/647-836-4062 Compliments of Melanie and Fabio RE/MAX Premier Inc., Brokerage Villa Giardino Hwy 7 and MartingroveKing City 1 acre TREVISO II