The Major Elements of an Offer

December 31st, 2006

1. Price
Depends on the market and the buyers, but generally, the price offered is different from the asking price. You want to try to pay the lowest price for the home you want.

2. Deposit
The deposit shows the buyer’s good faith and will be applied against the purchase price of the home when the sale closes. Your Real Estate Professional can advise you on the suitability of the amount of the deposit being offered although it is usually about 5-10% of the purchase price or $5,000 to $10,000 are accepted as well.

3. Terms
Includes the total price the buyer is offering as well as the financing details. The buyer may be arranging his/her own financing or may ask to assume an existing mortgage if the seller has an attractive rate.

4. Conditions
These might include “subject to home inspection”, “subject to the buyer obtaining financing”, or “subject to the sale of the purchaser’s property.”

5. Inclusions and Exclusions
These might include appliances and certain fixtures or decorative items, such as window coverings or mirrors.

6. Closing or Possession Date
Generally, the day the title of the property is transferred to the buyer and funds are received by the seller, unless otherwise specified (except in Manitoba and Quebec).

Please feel free to contact us should you have any questions or are ready to embark on your home buying and selling journey!

Helpful Moving Tips

December 31st, 2006

Before You Move:

* It’s wise to plan ahead and make sure there is availability on the day you want to move. The beginning and end of the month is the busiest time for movers and moving vans so book in advance!

* If you’re planning on hiring a mover, but want to keep your costs low, consider doing your own packing. You can also save time and purchase your packing boxes in advance.

* Most gas, water and electricity companies require several days of prior notice for disconnecting and reconnecting your services. Contact your individual utility companies for specific details.

* Make sure that direct debit and billing links to your bank accounts are organized to handle any changes resulting from your move.

* Budget wisely for your move. There are always unexpected expenses that pop up as you settle in. You may need a new hose or other forgotten items.

* You’ll have more time to enjoy settling into your new home if you clean your belongings before they are moved.

* It’s important to tape your microwave shut and remove the glass plate from your microwave before you move.

* Make sure you use up your frozen foods or dispose of ones you have not used. Never let them thaw and try to refreeze them again. Not only will be there be less to transport, but you will also avoid the risk of food spoilage.

* Important documents such as wills or deeds, jewelry, photographs, and home videos are impossible to replace. It’s wise to consider moving these and other important belongings to a safety deposit box while you move.

* Find out if your homeowners insurance policy covers your belongings in transit.

* Be sure to settle all bills that may be overlooked in the move a few days before moving day.

* Remember to contact your local post office and fill our forwarding address forms. Additionally, leaving a small welcome card with your forwarding address for the people moving into your old home is a nice way of asking for any additional pieces of your mail to be redirected.

* Many movers will be able to make special arrangements for transporting your plants and pets. Although it is really in your best interests to move your pets yourself – bringing them in the car with you (in their carriers) is going to be the easiest for them – they are very delicate and will probably not enjoy the whole moving procedure so remember to be especially loving and patient with them.

Moving Day:

* Remember that time is important on moving day. For instance, if you have a waterbed, it is likely to take around two hours to empty the water! So plan ahead and consider doing certain tasks the night before.

* You should always shut and lock all windows and doors as you leave your old home on moving day.

* More hands make the workload lighter as long as everyone knows what they’re doing. Delegate specific duties to your helpers on moving day.

* A close friend or relative can help out of moving day by acting as a message center for you if you don’t have a mobile phone.

After You Move In:

* Before you begin to unpack, don’t forget to wipe out all cupboards and shelves. You can also use shelving paper to line cupboards and drawers.

* It’s a good idea to let all your electrical appliances return to room temperature before plugging them in.

* Don’t forget to be environmentally friendly! Flatten all your moving boxes for recycling. Many moving companies will pick them up after your move.

* General rule of thumb is if something hasn’t been used in over 12 months, seriously consider selling or donating it. Help from a family member or friend will ensure you remain objective. Garage sales are a great way of getting rid of those unnecessary and unused items. Anything that’s left over can be donated to a local Goodwill.

* Things that you have a hard time parting with, but which will inevitably be stored in a garage, storage facility, or shed after the move should be packed in stackable containers that are rodent and dust proof.

* Be prepared to order take-out food or eat out on the first couple of nights in your new home. Chances are you’ll feel too tired to cook, but even if you do feel like cooking, most of your kitchen appliances will probably still be packed away!

Mike Niven serves up design advice at Camrost’s iLoft

December 31st, 2006

From The Condo Guide

Designer Mike Niven of Mike Niven Interior Design was on-hand recently at the sales centre for iLoft at Mystic Pointe, showing future residents how to make the most out of colour, texture and tone in their own suites. The free seminar was hosted exclusively for iLoft purchasers and guests who were given a sneak peek at hot upcoming trends in the marketplace.

The event, hosted by developer Camrost-Felcorp, offered the purchasers a chance to ask Niven - one of North America’s most celebrated interior designers - their own decor-related questions, while enjoying refreshments and getting to know their future neighbours.

The seminar will help iLoft residents accentuate a long list of already stunning suite finishes offered in the building, including an exclusive stainless steel “ibar” breakfast island, custom-quality cabinetry, plus five built-in appliances including a stainless steel dishwasher, stainless steel frost-free refrigerator and stainless steel self-cleaning range with ceramic top. Laminate plank flooring in the living and dining rooms, rich ceramics and spa-like bathrooms are just a few of the other highlights.

iLoft is the newest condominium building at Mystic Pointe - Camrost-Felcorp’s successful 16-acre, master-planned waterfront community in south Etobicoke. Just 10 minutes from downtown, iLoft is handy to the Gardiner Expressway, the Mimico GO station and the TTC. It also offers easy access to numerous parks, including Humber Bay Park, as well as a 24-hour Sobeys, Ikea, Sherway Gardens, schools, libraries and the spectacular Humber Bay Shores waterfront for biking, picnicking or a leisurely stroll.

Buyers will also enjoy 24-hour concierge service, as well as a range of on-site amenities located in the 14,000-sq.-ft. Camrost Sports and Entertainment Centre, which features a landscaped sky-garden set atop a four-storey podium. There will be an outdoor swimming pool with a whirlpool and sundeck, a barbeque area, an indoor whirlpool, a well-equipped exercise lounge, an aerobics studio, and two squash courts with a spectator gallery. For entertaining, residents will also have use of a party room, a private dining room, billiard and card rooms, a library, and a screening room with theatre-style seating, a large-screen projection system and a DVD player. There is also a business centre, cedar saunas and spa studios.

iLoft’s two-storey lofts range in size from 720 to 1,080 sq. ft. and are priced from $221,900 to $355,900. The flats come in one-bedroom, one-bedroom plus den, two-bedroom and two-bedroom plus den layouts from 620 to 875 sq. ft., priced from $191,900 to $306,400.

The Condo Guide Magazine is an excellent source of housing information for those looking for information on new condos in Ontario, Canada. We offer the most up-to-date information on new condominiums across the greater Toronto area.

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Contact the Jeffrey Team for more information