Toronto Real Estate with Mulholland | Ross

SELLING INFORMATION Category

Top 10 Reasons Open Houses Work

After a full week of work, having to leave your home on a Saturday or Sunday for a few hours in the afternoon can feel like an invasion of your space and serenity. However, allowing the Mulholland Ross Team to host an Aggressively Advertised Open House can often be a key factor in getting your home noticed by potential buyers and getting it sold for the highest price.

Some Realtors will tell you it is a waste of time or that it only attracts nosey neighbours. Some may be influenced by their own desire to take a weekend off work.  We at the Mulholland Ross Team have a different opinion. 

Here are our Top 10 Reasons We Do Open Houses Read the rest of this entry »

Your Matrimonial Home

 ‘Matrimonial Home’ is a special legal term meaning ‘the home that the spouses live in’ and in a divorce it is defined as ‘the home the spouses lived in at the time they separated’.

If you are working through a divorce, It is important to know that your ‘Matrimonial Home’ is treated differently from the rest of the property that is brought into or acquired during the marriage.

It does not matter if one spouse is not on title, or if one spouse bought the home prior to the marriage.  No matter what, each spouse has an equal right to possession of the Matrimonial Home.  If only one spouse is on title, then that person is entitled to keep the home – but they must pay the other party 50% of the value of that home on the date of separation.

There are many misunderstandings about ‘Common Law’ relationships and Real Estate. In the province of Ontario, only legally married spouses can make a claim to 50% of the Matrimonial Home. Read the rest of this entry »

Where Have All the Sellers Gone?

July 2011 was one of the nicest warmest summer months we can remember. The hot weather typically slows the Toronto Real Estate market down as home Buyer’s take time off their search to spend sunny afternoons with family and friends. However, this summer the only thing slowing the market down is the lack of homes for sale. The Buyers are here and ready to purchase a home or condo….where have all the Sellers gone? Read the rest of this entry »

Sales Up – Condo Sales Really Up!

In March 2011, 9,262 transactions were reported through the TorontoMLS® system. This represented the 2nd best March on record – the number of transactions was still 11 per cent lower than the record result reported in March of 2010.

The average selling price for March 2011 was up five per cent from March 2010, to $456,147.

The strongest average annual price growth was reported for condominium apartments and semi-detached houses, at approximately seven per cent for both home types.

Location Location

Of course these numbers differ from area to area. In the 905 areas, the sales of condos make up less than 27% of the total sales. In the 416 area, condos make up over 46% of the total sales! 

Some other interesting sales information breaks down what is selling in our Central North York neighbourhoods. 

For example, there were 40 sales of detached compared to 85 Condo apartment sales in C07(401 to Steeles – From Yonge to Bathurst). 

There were 49 sales or detached homes in C14 and 128 Condo sales in C14(East of Yonge to Bayview). Read the rest of this entry »

Do Open Houses Sell Houses?

We are asked this question every time we list a home for sale. “Do Open Houses really work?”  While we may not get an offer tonight from someone who visited the open house this afternoon, Open Houses can often help sell your home for the highest possible price in a shorter amount of time.

We like to be doing at few Open Houses each week because it puts us ‘on the ground’ with all the current home buyers who are out and about looking for real estate in your neighbourhood.  This gives us great insight as to how Buyers think about the market and the current inventory.  Read the rest of this entry »

Can You Believe This Market?

I still remember my dad standing on the front walkway of our semi-detached home around 1980 saying “prices can’t get much higher than they are now!”

That was when our 4 bdrm home in the Finch/404 area was worth about $86,000.  At the same time, a detached two bedroom bungalow in the Yonge/Sheppard/Finch area was worth about the same amount. Read the rest of this entry »

Ready, Set…Build!

“We are either going to buy a new home or build ourselves” We hear it all the time!

If you’ve said it yourself, you may want to seriously consider our new listing at 15 Roycrest Ave. This property is situated on a quiet court just off Sheppard and surrounded by lush ravines and extensive walking paths.

Hidden off the beaten track, most people don’t even know the little pocket exists – but those who have found it have built new homes or enjoyed extensive renovations.  This is a very special area just steps to TTC and a single bus to subway! Read the rest of this entry »

Fewer Sales – Stronger Prices!

September sales numbers are in and they are very interesting! Read the rest of this entry »

Buy New or Build Your Own?

Finding that brand new dream home can send your brain spinning with questions, ideas and concerns.

Just about every new home buyer starts to ask themselves the ever famous question at least once “Should I just build my own home?” Of course the common sentiment is that if you build your own home you can get ‘all the things you want’.

While this may be the best decision for some people, let’s go over the issues and advantages of building new yourself, or finding your next home already done and ready for you to move into. Read the rest of this entry »

Smoking Costs Lives…and Home Equity!

We’re all familiar with the health hazards of smoking and we have all quickly become accustomed to the No Smoking regulations through out Toronto and most of Canada.  In fact, most smokers will agree that the only place to enjoy a cigarette these days in the comfort of your own home.

But here’s something no one ever talks about.  Homes that smell of cigarette smoke often sell for far less than those that don’t! Read the rest of this entry »