Real Estate is Here BUT Buyers are Everywhere

In an effort to explain reach;  I found this beautiful globe that permits visitors to PIN their location.



This globe is available to you also, free of charge, to install into a wordpress sidebar or a page as HTML code.  http://www.revolvermaps.com/?target=home






If I can assist with your move to or from Etobicoke [west Toronto] Ontario Canada, please reach out and say Hello.  

If you are passing by POST your PIN! Thank you  Have a wonderful Healthy and Prosperous 2013



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My Site  http://www.SellinginToronto.ca

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Smarter Mortgage Choices

Let's make smartER Mortgage Decisions

When you bought your home, you thought you were staying a while.  Either you continue with your mortgage to term and renew or you may need more options.

Breaking your mortgage prior to the renewal or renegotiating may involve penalties.  You may have an opportunity to benefit from the new lower rates by renewing now; even with a penalty.

We can Deal with a Renewal or Refinance

If your mortgage is with a Canadian Bank that is federally regulated by Financial Consumer Agency of Canada.(FCAC)  The Bank needs to provide you with a minimum of 3 weeks notice of the Offer to Renew and under what terms and conditions.

You knew this was coming and you should have been shopping around. But there is more here than just the interest rates.  Each Statement, each question posed to the LENDER resulted in additional costs. Now there are discharge fees in addition to Re Registration with another lender; so you need to factually examine your options. Get involved because your mortgage is a major component of your monthly household budget.

Allowing your mortgage to renew automatically does not mean you are getting the best possible terms and conditions.

Switching to a New Lender will require re-document and re- registration. You are in effect applying for a new mortgage and the NEW Mortgage Rules will apply.  Verify exactly what those costs will be.  Your new lender may absorb some of those costs to attract your business. IE Legals, Appraisals, Registration Fees...   Negotiate!

Use an Independent Mortgage Broker that will shop the open market for you to secure the best interest rate and terms for you.  Compare the Mortgage Brokers Offer with the renewal from the Bank. This may be your opportunity to include some higher interest rate debt to lower your monthly payments. 

Your Mortgage Broker can help you understand and read your mortgage documents.  If you have a closed mortgage, you bank may or may not allow you to break the mortgage.  If you are permitted to break the mortgage you will be paying some fees and possibly penalties.

They will tell you if:

• you need to pay a penalty and what that amount is
• you need to pay an administration fee
• you need to pay legal or disbursement fees to discharge the old mortgage
• you need to pay legal or disbursement fees to register the new mortgage
• you MUST repay some or all of any “cash back” you may have received when you first obtained the mortgage
• the calculation of any prepayment penalty would be based on the posted rate at the time you signed your mortgage agreement, or on a discounted rate if you negotiated one for your initial mortgage.

A Mortgage Penalty can be reduced if you make a permitted PREPAYMENT prior to renegotiating.  This would appear counter productive if you are adding in credit card debt or other bills. 

You could renegotiate PRIOR to the Renewal with a Blend and Extend option which simply put will mathematically average the mortgage balance and interest rates. This may be worthwhile if you have a higher interest rate mortgage to combine with Today's low rates.

If you blend and renew at a lower interest rate your payment stays the same; so even with a potential penalty added in to the mortgage balance you may effectively pay it off sooner because of the interest rate savings.

The Decision is yours. A mortgage is often one of the biggest financial commitments you will ever make, so it is worthwhile to do your homework, include knowledgeable and experienced people to help you when you are mortgage shopping, compare the entire package offered by each lender. In seeking the lowest interest rates, consider the features (such as ability to make prepayments or to increase your regular payments) and the services that are important to you and addition fees that may apply.

How can I help you today?

Veronica Thompson, a Mortgage Agent with Mortgage Alliance Accumetrix (License #12036)

David Pylyp
Etobicoke Real Estate Agent
RE/MAX Realty Specialists Inc.,
416 233 9000 or direct at 647 218 2414      

Etobicoke Real Estate Agent

Top 5 Reasons to Hire an Etobicoke Agent

1) Expertise and Advise
2) Knowledge of Neighbourhoods
3) Transaction Management
4) Local Flare!  Events and Charitable Causes
5) Community Service and an involved BIA

David Pylyp  an Etobicoke Agent blends Higher standards of Professionalism with strong entrepreneurial real estate instincts to ensure the successful conclusion of your transaction.

RE/MAX realty specialists inc., brokerage
416 233 9000   

Conduct your Own Toronto Real Estate Search - VOW

Homes West Toronto VOW

Yes you now can view every listing on the Toronto Real Estate Board by Map.

The listings are arranged in Price Order but you can create individual searches.

Ready to try?

Sit back with your iPad and search for listings in those communities and neighbourhoods where you would like to live.

You can further search the demographics of the neighbourhood with Hood Reports;  http://Bit.Ly/HoodReports

Ready?

Let's Go!

http://homeswesttoronto.tumblr.com/mobile

Yes, Of Course!   You will need to sign in....

Plays well on my laptop and iPad,  Tell me about your experience using the search functions and different browsers

Has Toronto RE finally hit the price ceiling?

Are we at the top of the pricing?  Is everything down from here? 

The months stats say that the real estate market has slowed down and I wonder why?

August 3, 2012 -- Greater Toronto REALTORS® reported 7,570 sales in July 2012, representing a decline of 1.5 per cent compared to 7,683 sales reported in July 2011. The decline was most pronounced in the condominium apartment segment in the City of Toronto. Total sales in the rest of the Greater Toronto Area (GTA) were up compared to the same period last year.http://www.torontorealestateboard.com/market_news/market_watch/2012/mw1207.pdf

It’s the summer time! Hottest July on Record! Poor Press in the Media?  Shortened Mortgage AMs while rates stagnate at 3%?  Gas Prices? Insurance Rates? Commuting Times?  Land Transfer Taxes 416 and 905?   So many opinions!   Do they matter?  Will it drop?  ....  Doubtful.

Let’s ask a different question?

If your family member was getting married…   Is it better to help them with the Wedding Expense?   Or would you forgo the wedding,   Suggest they elope, and help them purchase an appreciating asset.

Join the Poll 

http://www.facebook.com/groups/153969581393863/#

We continue [The GTA] to be a safe haven for money, security, jobs, education and lifestyle.   When people stop coming to Toronto, I will begin to be concerned.  The rest is just selling newspapers

How can I help your family achieve their goals this year?

Have you missed the Bus?

Think you missed the market?  Are you concerned about prices?








If we are patient and methodical in our search and look thru everything that may be suitable; in your desired neighbourhood, we will find it.


Don't get caught up in the competition and drama of staged, perfumed houses with lipstick and fresh paint.


Consider your absolute must haves in your property purchase.


How close to the public school? Transit Needs? Shopping or other amenities.  Is it community and neighbourhood you crave?


Houses are like waiting for a bus...  Another one will be along shortly.


Sometimes waiting is hard,  but the success and joy of finding that perfect property is unmatched.


We have been helping families for 25 years in west Toronto. If you would like to talk to me you can call 416 233 9000 or my cell at 647 218 2414.


Lets find something perfect for you.




PS>  VOW [Virtual Office Website] to released shortly... Call for details





https://plus.google.com/u/0/109283965469179719942

Why you need to come to my office

Is it better to meet at Horton's or Starbucks for a coffee? 


It is informal; close to your location of choice. An informal, casual and non threatening meeting place.


In this digital day and age, Forms and PDF's we can read are on my iPAD, or on my laptops, Digital Signatures and rocket sticks for instant online access. Will I register you into the Buyers Registration 


System with your Home Selection Criteria?


We will discussing your financial capacity, employment and urgency for being located into the new property. Your credit score, down payment sources and when funds will be available with the offer.


I will need to print for you a sample of available properties for sale that meet your availability and timing. This is then packaged for you into a Buyers Agency folder with; 

• Buyers Agency Acknowledgement
• Buyers Agency Agreement
• Buyers Agreement PLAIN TEXT 
• Buyers Registration
• Cash flow and Expense Sheet 
• Toronto and Ontario Land Transfer Tax and Rebates
• A logical Workflow process

Or we could meet at my Office.


Yes, I keep an office because we still need the PRIVACY.


We need a location where you can look at an offer, read the information, digest the content and context, ponder and consider the negotiation at hand and formulate a decision, WITHOUT ambient noise and over your shoulder Looky Lou's....


Yes even in this day and age with the work from home concept; I still like my office.    Where would you like to meet?


Shopping this summer?  Lets get started...

+David Pylyp