Why you need a Realtor more than ever in the internet age

These days, there are more options than ever when it comes to buying or selling a home. It seems a new website, or sale-by-owner service is popping up every week. And while there is most certainly room for technology, progress, and a fresh approach within the real estate industry, this inevitably creates a lot of noise out there cluttering up your decision making process.

Now may be one of the most important times to look to a professional Realtor to cut through all of that noise and make the business of buying or selling your home a stress-free proposition. Our mission at Chestnut Park is to guide you through this process with the least interruption to you and your familys daily life; this is the value and service a Realtor can provide that the internet simply cannot.

Data Analysis
The internet has revolutionized the real estate industry, and we certainly are thankful for all that it has provided from sharing listing information quickly and easily with our clients, to communicating with the office from the road. But with all of this free-flowing information, there becomes an endless well of data. Average home prices, inventory per neighbourhood, school rankings, etc. Sure, the information is all out there, but are you reading and analyzing it properly? A professional Realtor is trained to know exactly what data is relevant to your purchase or sale, and exactly how it applies to you.

Local Knowledge
The web is in fact, a fantastic place to begin research when wanting more information on a particular neighbourhood; from schools, to demographics, to walkability and lifestyle. And while there is a wealth of knowledge to be found online, including local forums and message boards, there is no substitute for a Realtor who has worked (and in many cases lived) in a particular area for their entire career. Not only will they have the inside scoop on all the neighbourhood quirks, but they will be able to share hard facts about the local real estate market specifically.

Pricing
If you are a homeowner, chances are you have a fairly good idea of what your home is (or should be worth) based on things like what you bought the home for, how long youve owned it, how much (if any) work you have put into it, how much your next door neighbour just sold for, etc. But when it comes to selling your home, timing (and what the market will bear at that exact timing) is everything. A qualified Realtor will guide you through the pricing process by analyzing myriad variables such as comparable home prices, current interest rates, level of inventory, interest in your neighbourhood and/or school district and much more.

Hunting & Gathering
If you are looking to buy a new home, the hunting and gathering stage is where a Realtor will save you the most time and energy. Instead of trolling online daily looking for a property that will suit your needs, your Realtor will take this step off your plate, comparing and contrasting whats out there, and sending you only what they know will work for your needs. A Realtor also has access within their own network to homes that may not yet be on the market. As for selling, a professional Realtor will come up with creative solutions to lure qualified buyers to your property. Which brings us to

Marketing
When it comes to selling your home, marketing is perhaps one of the most important aspects in the process. How will you maximize the best offers if people dont even know that your home is for sale? A Realtor will work night and day to market your home in the right way, from open houses to online and print ads, to wild and creative options to showcase your property in the right light.

Dispelling Myths
Much like planning a wedding, or having a baby, buying or selling a home brings unsolicited advice and personal anecdotes out of the woodwork. Your neighbour may be convinced that home values in your area have gone up 10% since you bought, and your cousin may be insisting that you hold out until spring to list your home, but only a Realtor will be able to give you the inside info on what will or wont work for your particular circumstances.

Connections
When it comes down to the transaction of buying and/or selling your home, there can tend to be a lot of moving parts. From real estate lawyers, to home inspectors, and stagers to contractors, your Realtor is plugged in to a community of other professionals who support and enhance the real estate industry.

Top Tips for Renting Out Your Cottage This Summer

As the last of the snow melts around the province, Ontarians are beginning to shed those winter layers and think about the best season of all cottage season! If you own a cottage or country property that you are looking to rent out for all or part of the summer, the time to list it is now! So grab your Realtor, and get started on that rental ad. Here are just a few tips to get you started

Find a local Realtor
When it comes to listing, selling, and negotiating the rental agreement for your cottage property, you are going to want to work with a local agent who has a great knowledge of the area and the ability to meet potential renters to show the property. We have a fabulous team of seasoned agents in markets all around Ontario, including Muskoka, Lake of Bays, South Georgian Bay, Thousand Islands, Port Hope, Prince Edward County, Caledon and more!

Expose your property to the right audience
With the help of your Realtor, narrow down a list of some of the best sites to post your rental, keeping a keen eye on who your potential renters will be. Are you advertising your luxury family compound on Lake Joseph, or a quaint cabin in Creemore? Some, like CottageCountry.com, will charge a fee, some are completely free, like Kijiji.

Write a thrilling and thorough description
Of all the fabulous features of your cottage, potential renters will only know as much as you can tell them in a listing advertisement. Make sure that your property description is attention-grabbing, well written, and includes all pertinent information. Once again, your Realtor will be instrumental in helping to put this together.

Its all in the details
Entice renters and cut down on a lot of back-and-forth emails by providing every last detail you can about the property; from number of bedrooms, to included appliances, to square footage, and beyond. The more information you provide, the more qualified inquiries you will receive on your property.

Be a tour guide for the area
Along with all the precise details about the property itself, dont forget to mention the highlights of the region where your cottage is. Are you close to a town with restaurants and other amenities? Does your lake hold a sailing regatta? Do the surrounding hills provide excellent hiking and bike trails? Make sure to paint a picture about how the property and its surrounding area might be enjoyed.

High quality photos
A picture is worth a thousand words, so they say, and this could not be more true when it comes to listing a rental property. Many potential renters will skip right over an ad if it contains too few, or low quality images. Make sure to showcase every angle of the property with high quality, professional images.

Feature image via Georgina Ratcliffe, Chestnut Park Real Estate Ltd.

Real Estate Q & A: Chestnut Park VP of Operations and Broker, Justine Deluce Shares Her Tips on How to Choose the Right Agent

Justine DeluceWhen it comes to buying or selling your home, choosing?the right real estate agent becomes an integral part of?the process. While the sale or purchase of your biggest?financial asset can be an exciting time, it can also be?stressful especially if someone who is not the right agent?for the job is representing you. Here are a few tips to help you?find the right agent.?Chesnut Park VP of Operations and Broker, Justine Deluce shares a few tips to help you find the right agent for you.

 

 

Take the time to interview your candidates. It is important to?meet with different agents to determine which one is the right?one for the job. This provides the opportunity to ask whom?you are considering to hire a number of questions about the?services he or she offers. If you are selling, find out how the?property is priced, how it will be marketed and what the fees?are. If you are buying, ask the agents you are interviewing how?well they know the areas you are interested in and what the?process will entail.

 

Get a second opinion. Once you have narrowed down your?search, request a few references. Like any job interview,?references are an important part in determining which agent?is right for you. Most will be more than happy to provide the?names of a few buyers and sellers they have worked with. It?will be worth your time to follow-up with them.

 

Team up with someone you like! Buying or selling a house?can be a worrisome process. Working with an individual that?you get along with and trust can make the process far more?enjoyable. Your agent is someone you may be spending a lot of?time with and revealing potentially sensitive information to,?so getting along with him or her is key.

 

Location, location,. One of the most important considerations?when choosing an agent is to ensure that they have a good?knowledge of the area you are selling or buying in. Determining?price and understanding the nuances of different areas are?part of the value your agent is adding to the buying or selling?process. A well-connected local agent will have access to?information that may not be be readily available online. This?can create a competitive advantage for clients.

Beautiful “Crystal Point”

Imagine towering pines and hardwood trees, majestic views of Lake Rosseau, unparalleled privacy and a cottage built by one of Muskokas finest builders with an unparalleled attention to detail. Located in one of Muskokas most exclusive areas, Crystal Point gives you ready access to all of the major Muskoka clubs, restaurants and amenities.

 

Exceptional privacy is guaranteed with 490 feet of southerly exposure shoreline and 6 acres of land – big enough for a tennis court, golf practice facility or anything you can imagine.

 

Stroll down the finely crafted flagstone walkway to the 3 slip boathouse with a self contained one bedroom suite above, go for a leisurely swim, a boat ride in your antique Muskoka boat or just sit back on the large flagstone lakeside patio and take in the views. The boathouse is the perfect size to house your boat collection of new and antique boats. The water is deep and clear off the boat house, a great spot to moor your sailboat. Theres also a small sandy beach area for easy wading into the water for a swim.

 

The cottage is 6350 square feet of exceptional quality. Consisting of 5 bedrooms and 6 bathrooms, a stunning master suite, an oversized chefs dream kitchen, lower level media room and a 400 square foot granite floored Muskoka room, this cottage has it all! From the reclaimed antique hemlock flooring to the dry stacked Muskoka stone Rumford fireplace this home will impress you and your guests.

 

From the moment you walk through the front door you will notice the exceptional Muskoka architecture, from the vaulted ceilings to the view through the living room to the patio and lake.

The master bedroom, on the main floor, exudes the quality of this cottage, with French doors that open to a spectacular patio, the perfect place to welcome another day on beautiful Lake Rosseau. The master bath features a soaker spa tub and an elegant walk in shower.

 

Your family and guests will not be disappointed in their accommodations. Located on the second floor, each room is exquisitely appointed with hardwood floors, meticulously trimmed out and have spectacular lake views.

 

As an added bonus your 2 car heated garage has a spacious self contained suite above, ideal as a family or guest suite, a nanny apartment, a summer business office (although it will be hard to work surrounded by the beauty of Crystal Point), an artists studio or even a place for your model train collection. Let your imagination go wild on how to use this space.

 

Crystal Point is built for your comfort and the entertaining of your family, friends or business colleagues, with its spacious indoor and outdoor entertaining areas.

 

A Muskoka cottage estate of this quality, luxury and architecture should not be missed by the discerning buyer. Currently offered at $6,250,000 CAN

Watch out for RECOs top 10 home buying and selling pitfalls

?For most people, buying or selling a home is one of the most important and highest value purchases they will make, and potentially the most challenging. November is Financial Literacy Month, an opportunity for the Real Estate Council of Ontario (RECO) to put consumers on alert for 10 major home buying and selling mistakes that can lead to an unsatisfying experience or even serious complications.

RECO is responsible for protecting home buyers and sellers. Weve seen too many Ontarians encounter these pitfalls,? says RECOs Registrar Joseph Richer. Being mindful of these 10 considerations can help the buying and selling process go a lot smoother.?
Here are the most common buying and selling hazards, and how to avoid them:

1. Allowing emotions to overtake common sense
When you fall in love with a property it can be hard to walk away. Know your budget and dont overpay. Dont forgo a home inspection just to win a bidding war.

2. Hiring the first salesperson you meet
Ontario has over 60,000 brokers and salespersons, with a broad range of approaches to the buying and selling process. Meet with a few different representatives before settling on one, and make sure you feel comfortable with them and their approach to the process. Also be sure to get references and contact them to learn about their experience with the salesperson.

3. Not making your expectations clear with your real estate professional
Its important that you and your representative have a mutual understanding about what youre looking for, and what services the brokerage will be responsible for. Make sure you talk to your broker or salesperson about the services you expect them to provide, and get it in writing.

4. Failing to read and understand forms and contracts
It can be tempting to speed the process along by signing forms that you havent read. But taking the time to understand what youre signing can avoid a lot of problems later on. For example, you dont want to find out that youre on the hook for a six month listing agreement to sell your home if you only want your house on the market for three months. In addition, a holdover clause could mean that if you sell your property during a specified period without the assistance of the broker or salesperson, you would still owe them commission. Make sure all the blanks on the form are filled in before you sign it, and make sure you get a copy of whatever you sign.

5. Assuming everything is included
Dont assume that the furnace, dishwasher or other items are included with the property. The seller may?want to take the dishwasher with them to their new home, and the furnace might be under a rental?contract that youll be required to take over. Before making an offer, detail all items, known as chattels,?in writing. Your offer can also include a clause stating that the seller will pay out any outstanding leases?on the homes major systems.

6. Forgetting about whats within the walls
Granite countertops and new hardwood floors are appealing, but the insulation, wiring and plumbing?are just as important when youre evaluating a property. Ask your real estate representative to look into?the age of the homes systems and if there have been any upgrades. If extensive renovations have been?done, your real estate professional can determine if the appropriate permits were issued.

7. Forgetting about whats outside the walls
When you buy a house youre also buying a place in a community. Some places are lively, others are?quiet. Some places are filled with kids while others are not. Visit the neighbourhood at different times of?the day to see if it fits your lifestyle. Talk to the neighbours about the community and the locations of?various amenities like grocery stores and banks.

8. Not doing your research
If youre concerned about buying a home with a troubled past, a simple Internet search for the address?can go a long way. This is also something you can ask the neighbours about.

9. Making verbal agreements
Verbal agreements arent a problem, until theyre a problem. Putting everything in writing forces both?parties to be clear about their expectations and provides a record that can prevent disputes later on.

10. Underestimating closing costs
From land transfer taxes to title insurance to a home inspection, the costs of a real estate transaction?can add up quickly. Take the time to include estimates and other expenses in the full cost of buying or?selling a property.

While all of these tips are essential, the most important advice is to work with a registered real estate?professional.
Registered brokers and salespersons provide a great deal of knowledge and expertise about the buying and? selling process, along with specific knowledge about neighbourhoods and local issues,? says Richer. They can?also provide crucial help in avoiding these hazards.?

Watch out for RECOs top 10 home buying and selling pitfalls

?For most people, buying or selling a home is one of the most important and highest value purchases they will make, and potentially the most challenging. November is Financial Literacy Month, an opportunity for the Real Estate Council of Ontario (RECO) to put consumers on alert for 10 major home buying and selling mistakes that can lead to an unsatisfying experience or even serious complications.

RECO is responsible for protecting home buyers and sellers. Weve seen too many Ontarians encounter these pitfalls,? says RECOs Registrar Joseph Richer. Being mindful of these 10 considerations can help the buying and selling process go a lot smoother.?
Here are the most common buying and selling hazards, and how to avoid them:

1. Allowing emotions to overtake common sense
When you fall in love with a property it can be hard to walk away. Know your budget and dont overpay. Dont forgo a home inspection just to win a bidding war.

2. Hiring the first salesperson you meet
Ontario has over 60,000 brokers and salespersons, with a broad range of approaches to the buying and selling process. Meet with a few different representatives before settling on one, and make sure you feel comfortable with them and their approach to the process. Also be sure to get references and contact them to learn about their experience with the salesperson.

3. Not making your expectations clear with your real estate professional
Its important that you and your representative have a mutual understanding about what youre looking for, and what services the brokerage will be responsible for. Make sure you talk to your broker or salesperson about the services you expect them to provide, and get it in writing.

4. Failing to read and understand forms and contracts
It can be tempting to speed the process along by signing forms that you havent read. But taking the time to understand what youre signing can avoid a lot of problems later on. For example, you dont want to find out that youre on the hook for a six month listing agreement to sell your home if you only want your house on the market for three months. In addition, a holdover clause could mean that if you sell your property during a specified period without the assistance of the broker or salesperson, you would still owe them commission. Make sure all the blanks on the form are filled in before you sign it, and make sure you get a copy of whatever you sign.

5. Assuming everything is included
Dont assume that the furnace, dishwasher or other items are included with the property. The seller may?want to take the dishwasher with them to their new home, and the furnace might be under a rental?contract that youll be required to take over. Before making an offer, detail all items, known as chattels,?in writing. Your offer can also include a clause stating that the seller will pay out any outstanding leases?on the homes major systems.

6. Forgetting about whats within the walls
Granite countertops and new hardwood floors are appealing, but the insulation, wiring and plumbing?are just as important when youre evaluating a property. Ask your real estate representative to look into?the age of the homes systems and if there have been any upgrades. If extensive renovations have been?done, your real estate professional can determine if the appropriate permits were issued.

7. Forgetting about whats outside the walls
When you buy a house youre also buying a place in a community. Some places are lively, others are?quiet. Some places are filled with kids while others are not. Visit the neighbourhood at different times of?the day to see if it fits your lifestyle. Talk to the neighbours about the community and the locations of?various amenities like grocery stores and banks.

8. Not doing your research
If youre concerned about buying a home with a troubled past, a simple Internet search for the address?can go a long way. This is also something you can ask the neighbours about.

9. Making verbal agreements
Verbal agreements arent a problem, until theyre a problem. Putting everything in writing forces both?parties to be clear about their expectations and provides a record that can prevent disputes later on.

10. Underestimating closing costs
From land transfer taxes to title insurance to a home inspection, the costs of a real estate transaction?can add up quickly. Take the time to include estimates and other expenses in the full cost of buying or?selling a property.

While all of these tips are essential, the most important advice is to work with a registered real estate?professional.
Registered brokers and salespersons provide a great deal of knowledge and expertise about the buying and? selling process, along with specific knowledge about neighbourhoods and local issues,? says Richer. They can?also provide crucial help in avoiding these hazards.?

Why a REALTOR??

Buying or selling a home or cottage is far more than a real estate transaction. Its often at the heart of a major life transition?such as purchasing your first cottage, buying a larger cottage because your family has grown, or downsizing to simplify your life as empty nesters.

Thats why a REALTOR? can make such a difference. Like other professionals, REALTORS? look out for your best interests in areas you might not know. And because buying or selling a home or cottage is usually a big, often emotional decision that can have major consequences; the skills, knowledge and experience of a REALTOR? are vitally important if you want to achieve the best possible outcome.

Why a REALTOR®?

Buying or selling a home or cottage is far more than a real estate transaction. Its often at the heart of a major life transition?such as purchasing your first cottage, buying a larger cottage because your family has grown, or downsizing to simplify your life as empty nesters.

Thats why a REALTOR® can make such a difference. Like other professionals, REALTORS® look out for your best interests in areas you might not know. And because buying or selling a home or cottage is usually a big, often emotional decision that can have major consequences; the skills, knowledge and experience of a REALTOR® are vitally important if you want to achieve the best possible outcome.

Windows, doors costly to replace

A CLOSER LOOK: Energy savings, new features may be worth it

Last Updated: April 21, 2012 12:00am

With spring officially here, many homeowners are starting to look at those jobs that aren't so appealing or practical during the winter.

Two areas that come to mind are windows and exterior doors that are subject to wear and tear stemming from constant use and exposure to the elements.

There are a number of factors to consider before making the decision about whether your windows or doors need to be replaced or repaired.

Some important things to consider include:

Though increased house air tightness can improve energy efficiency, in may also lead to a greater need for mechanical ventilation. A sufficient air supply also may be needed to prevent combustion appliances from back drafting.

Your existing windows and doors may not fit the style of your house or give you the features you want.

The components of windows and doors wear out over time. Failed seals on thermal pane window units, poorly operating windows or doors, damaged screens or hardware and air leaks are common problems. Older door and window hardware may not offer much protection against forced entry.

There may be structural problems affecting the operation of doors and windows. Installation of larger units or units in new locations will probably also require structural changes.

Windows and doors often deteriorate because of moisture problems that will not necessarily go away if you install new units. In fact, moisture may get worse because of reduced air leakage.

The glass area of windows and doors accounts for a high degree of heat loss at night or during the winter months, and heat gain when the sun is shining especially during the summer months. Though energy-efficient glazing can reduce heat loss, heating system modifications or some type of shading may be needed to improve comfort near large windows.

In my opinion, the best installation method for replacing windows and doors is the rough opening (R/O) method. With an R/O installation, the entire window or door, including the frame, is removed right down to the framework of the house.

This type of installation allows for complete sealing and alignment of the window or door to ensure optimum performance of the new unit. You should also make sure the windows or doors are Energy Star rated, come with a good warranty, and that the company you're dealing with is insured and has been installing windows and doors for some time.

Windows come in many different opening styles such as single hung, double hung, casement, sliding, awning and fixed. Most windows today are made with a vinyl frame, aluminum or stainless steel hardware and thermopane glass.

The glass can be coated to reflect heat. This is generally call E glass and space between the layers of glass filled with a gas such as argon creating the thermopane. In most cases, whatever style of window you choose can be installed in the existing window opening.

Over time, weather-stripping, hardware and door and frame materials can deteriorate or fail. Windows and doors are a part of the interactive system that makes up your house, so they should be constantly monitored to ensure they're supporting the other components of the system, including the structure, heating, ventilation and air conditioning equipment.

That said, it's a known fact that tighter and more energy-efficient windows and doors will reduce the heating and air-conditioning load on your home.

Though repairs can be inexpensive, they may not give good long-term results; on the other hand, replacement is generally costly, but may provide savings in energy use, making your house more comfortable and adding to its resale value.

As with any home repair or installation of equipment where you're relying on the product or service and workmanship of a company or contractor, you should seek out at least three estimates plus ask for references and check them out before signing any agreement.

Rob Parker is a registered home inspector with the Ontario Association of Home Inspectors and certified master inspector with the National Association of Certified Home Inspectors who does home inspections in the London area. Call him at ThameSpec Home Inspection Services at 519-857-7101, e-mail thamespec@rogers.com, or visit www.thamespec-inspections.com.