Homes and Cottages on Lake Simcoe for Sale
    
   Investment and Property in Georgina, Canada - Call Anna (905) 722-3211




1-877-356-7033; (905) 722-3211 ext.337


Anna Belyntseva
Sales Representative

Office: 1-877-356-7033 ext 337
Phone: (905) 722-3211
Mobile: (905) 252-0388

 Annas video Keswick home for sale

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Royal LePage
Your Community Realty
Real Estate Brokerage.

Keswick Office
461 The Queensway South
Keswick, Ontario L4P 2C9

Sutton Office
165 High Street
Sutton, Ontario L0E 1R0
PO Box #542
 

ANNA - YOUR AGENT

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10 closing costs when buying a home:


1 Land Transfer tax. When a home changes hands, many provinces and a few municipalities charge a property transfer tax or title transfer fee. Rates are usually on a scale of 0.5% to 2% of the home's value and can add thousands to your purchase price. First-time homebuyers qualify for rebates or exemptions in some provinces.

2. Appraisal fee. Your lender may ask you to have a home appraised to comfirm its market value. Fees vary depending on a property's value and complexity, but are typically around $300.

3. Legal fees. A lawyer or notary will help protect your interests by reviewing your purchase agreement, searching the property title, and ensuring that all documents are completed properly. Basic legal fees start between $500 and $800, plus disbursements, with added services as needed.

4. Home inspection. An inspection can help make you aware of issues related to a house's structure and systems, such as plumbing and electrical, and recommended or necessary repairs. Fees range from about $350 to $450.

5. Home/fire insurance. Your lender will require proof that the property is insured in case of fire and other damage. Insurance costs vary, depending on the coverage needed, but budget for at least $500 a year.

6. Costs for vewly constructed homes. If you are buying a brand-new home, be prepared to settle any items not quoted in the original price, including upgrades or paving and landscaping fees. New homes are also subject to 5% GST or 13% HST, although this is often included in your purchase price. A federal rebate reduces the GST or the federal part of the HST to about 3.5% for homes valued at $350,000 or less.

7.Prepaid costs. If the seller has paid property taxes, water bills, or utilities in advance, you'll need to reimburse these at closing. This can add hundreds to your upfront costs, but means these bills will be paid for your first months in your new home.

8. Tax on mortgage insurance. If you have less than a 20% down payment, your lender will require that you obtain mortgage default insurance. You can roll the cost into your mortgage payments, but the PST is due at closing. For example, if your mortgage insurance is $5,000 and the PST is 8%, you'll pay $400.

9. Title insurance. Title insurance can safeguard you against fraud and problems with your property title or survey. Fees range from $150 to $350.

10. Moving-in costs. Before the big day, budget for all those last-minute things: $100 or more to rent a van or a few hundred for professional movers, $50 to $60 for a locksmith to rekey your locks, and cleaning supplies. Such incidentals can easily come to $500 or more.


Georgina Community



  • Keswick
  • Belhaven
  • Sutton
  • Jackson's Point
  • Baldwin
  • Virginia
  • Pefferlaw
  • Port Bolster
  • Udora
  • Willow Beach

 


7 THINGS YOU MUST KNOW BEFORE PUTTING YOUR HOME UP FOR SALE


GEORGINA - A new report has just been released whick reveals 7 costly mistakes that most homeowners make whn selling their home, and a 9 Step System that can help you sell your home fast and for the most amount of money.

This industry report shows clearly how the traditional ways of selling homes have become increasingly less and less effective in today's market. The fact of the matter is that fully three quarters of homesellers don't get what they want for their homes and become disillusioned and - worse - financially disadvantaged when they put their homes on the market.

As this report uncovers, most homesellers make 7 deadly mistakes that cost them literally thousands of dollars. The good news is that each and every one of these mistakes is entirely preventable. In answer to this issue, industry insiders have prepared a free special report entitled "The 9 Step System to Get Your Home Sold Fast and For Top Dollar".

To order a FREE Special Report, visit www.CostlyHomeSaleMistakes.com or to hear a brief recorded message about how to order your FREE copy of this report call toll-free 1-800-613-5919 enter 1000.

You can call any time, 24 hours a day, 7 days a week. Get your free special report NOW to find out how you can get the most money for your home.


11 CRITICAL HOME INSPECTION TRAPS TO BE AWARE OF BEFORE LISTING YOUR HOME


GEORGINA - According to industry experts, there are over 33 physical problems that will come under scrutiny during a home inspection when your home is for sale. A new report has been prepared which identifies the eleven most common of these problems, and what you should know about them before you list your home for sale.

Whether you own an old home or a brand new one, there are a number of things that can fall short of requirements during a home inspection. If not identified and dealt with, any of these 11 items could cost you dearly in terms of repair. That's why it's critical that you read this report before you list your home. If you wait until the building inspector flags these issues for you, you will almost certainly experience costly delays in the close of your home sale or, worse, turn prospective buyers away altogether. In most cases, you can make a reasonable pre-inspection yourself if you know what you're looking for, and knowing what you're looking for can help you prevent little problems from growing into costly and unmanageable ones. 

To help homesellers deal with this issue before their homes are listed, a free report entitled "11 Things You Need to Know to Pass Your Home Inspection" has been compiled which explains the issues involved.

To order a FREE Special Report, visit www.ToPassYourHomeInspection.com or to hear a brief recorded message about how to order your FREE copy of this report call toll-free 1-800-613-5919 and enter 1003.

You can call any time, 24 hours a day, 7 days a week. Get your FREE special report NOW to learn how to ensure a home inspection doesn't cost you the sale of your home.


GUIDE TO SELLING YOUR HOME


Buyer's Market: The supply of homes fon the market exceeds demand.Understanding Market Conditions:

Seller's Market: The number of buyers wanting homes exceeds the supply or number of homes on the market.

Balanced Market: The number of homes on the market is equal to the demand or number of buyers.

Pricing Your Property

 The single most important decision you will make with your Royal LePage Realtor is determining the right asking price for your property. Once you`ve achieved a realistic sale price, you can count on your property being professionally marketed and promoted to bring more buyers to your door. You can also expect to sell your home for the best possible price in the seast amount of time.

The Benefits of Pricing Right

1 Your property sells faster, because it is exposed to more qualified Buyers.

2 Your home does not loose its "marketability"

3 The closer to market value, the higher the offers.

4 A well-priced property can generate competing offers.

5 Realtors will be enthusiastic about presenting your property to Buyers.

Determining the Value of Your Home

Before you compare your home to similar properties and establish a competitive list price, the following points should be considered:

Location

Size

Style

Condition

Community Amentities

Buyer Supply

Financing Options

The Result of Overpricing

Many Sellers beieve that if they price their home high initially, they can lower it later.

Often, when a home is priced too high, it experiences little activity. Gradually, the proce will come down to market value, but by that time its been for sale too long and some Buyers will be wary and reject the property.

On occasion, the price is dropped below market value because the Seller runs out of time. Ther property sells for less than it's worth!

Missing the Right Buyer

You may think that interseted Buyers can always make an Offer, but if the home is over-priced, potential Buyers looking in a lower price range will never see it.

Those who can allord a home at your asking price will soon recognize that they cna get better value elsewhere.

The Importance of Early Activity

As soon as a home comes on the market, there is a flurry of activity surrounding it. This is the crucial time when Realtor and potential Buyers sit up and take notice.

If the home is overpriced, it does not take long for interested parties to lose interest. By the time the price drops,a majority of Buyers are lost.

Agree on a Marketing Plan

Your propery is not something you sell every day. In fact, for many people itis their largest asset. A house is very complex to market and the process needs to be well organized. To do the job properly, a plan is needed.

Your Royal LePage Realtor Anna Belyntseva can prepare a personalized plan for you containing all activities intended to market your property. At Royal LePage, your property will be aggressively promoted through Royal LePage own property advertising publications and Internet site, other Royal LePage offices and Realtors (more than 800), Anna`s website, the MLS information Library and mailings to potential Buyers in your area.


LAKE SIMCOE HOMES, COTTAGES, LAND IN KESWICK, GEORGINA, NEWMARKET, BROCK.


Buying Real Estate in Keswick, Georgina can prove to be the best investment you will ever make!

Welcome to my piece of real estate on the World Wide Web. Feel free to browse my site, sign up for free reports, home finder or information I offer. Whether you’re the buyer or seller, my website is meant to be the one and only place you need to visit. From real estate listings to community and mortgage information, everything you need to sell or purchase a home is just one click away.

My Personal service Guarantee

  • Represent your best interest at all times
  • Maintain confidentiality
  • Conduct my duties with professionalism, integrity and efficiency
  • Conduct exhaustive property search
  • Provide property information sheets on all homes listed for sale within the price range and description you want
  • Provide a list of mortgage brokers, insurance companies, home inspectors, Real Estate Lawyers, moving companies, local contractors
  • Call attention to advantages and disadvantages of homes viewed
  • Provide market value of homes that are of interest to you
  • Preparation of offers/counter offers in your best interest as per Canadian Contract Law
  • Provide on-going contact as homes that meet your criteria become available


Choose the right mortgage for you

Finding the right mortgage for you is one of the most important steps in buying your home. There are different types of mortgages offered by lenders in Canada. The main ones are Open, Closed and Variable Mortgages.

An “OPEN MORTGAGE” allows the flexibility of prepayment. You can pay part or all of the balance owing without any type of interest penalty.

A “CLOSED MORTGAGE” keeps payments unchanged for the duration of the loan period. It provides payment stability but penalizes a mortgagor who wishes to terminate the mortgage earlier. Each institution will have their own repayment options and policies. Most offer some type of extra pre-payment option that allows you to make extra principal payments to pay off your mortgage faster.

A “VARIABLE RATE MORTGAGE” changes based on the banks prime rate and therefore fluctuates with the market changes. It offers the advantage of lower rates if mortgage rates decline. On the other hand, it exposes the mortgagor to the risk monthly payments will go up if mortgage rates rise.

The life of your mortgage is referred to as the AMORTIZATION PERIOD or term. The most popular terms range between 25 to the maximum of 30 years.

A ”FIXED RATE MORTGAGE” keeps the mortgage rate the same throughout the life of the mortgage even if rates rise. If rates go down, a fixed rate mortgage may prove to be more expensive than a variable rate one. The terms available range from six months to ten years.

A “CONVENTIONAL MORTGAGE” is a loan up to 80% of the appraised value or purchase price of the property, which is less. The remaining amount comes from the borrower’s own resources and is known as the Down Payment. Mortgages that exceed this limit by law must be insured against default, and are referred to as “ High Ratio Mortgages”.

A ”HIGH RATIO MORTGAGE” is used for loans that exceed conventional mortgage lending guidelines. These mortgages are granted under the National Housing Act (NHA) and must, by law, be insured against default through Canada Mortgage and Housing Corporation (CMHC) or Genworth Financial Canada (GENWORTH). The borrower will have to pay the insurance premium, which can range from 0.50% to 3.15% of the total mortgage amount. Typically, the insurance premium is added to the principle amount of the mortgage. With a high ratio mortgage, people can purchase a home with as little as a 5% down payment.

MORTGAGE CRITICAL ILLNESS INSURANCE

Is available as an enhancement to Mortgage Life Insurance. It is recommended for all mortgagors. It can pay off your mortgage if you are diagnosed with different types of illness (i.e. types of cancer, heart attack, or stroke). Coverage will vary between the different insurance companies that offer this type of insurance with the institutions. 

Do you have Title insurance?

You may have heard about the benefits of Title Insurance. Title Insurance protects you if someone else claims a legal interest in your property. It also protects you against losses resulting from pre-existing municipal work orders, survey issues, certificate of location defects and  a number of other covered Title risks. 

Most importantly Today Title Insuranse protects homeowners against losses resulting from Real Estate Title Fraud. When someone commits fraud, they could re-mortgage your property and obtain the mortgage money by:

  • Impersonating you;
  • Having someone impersonate you; and/or
  • Providing fake identification and forging your signature in order to transfer title into their name.

​Without Title Insurance a homeowner could end up paying twenty thousand dollars or more in legal costs to defend their title and never recover any of the costs. 

With a Title Insurance Policy the homeowner is not liable for costs associated with defending your title, the Title Company is. 

Don't become a victim of Real Estate Title Fraude. For a one-time low premium, you are protected for as long as you own your home. You receive t same coverage found within the Title Insurance Co. Gold Owner Residential Policy which is modified by an "Existing Owner" Endorsement. The policy date is the date of your original registration of the transferdeed under which you took Title. 

PROTECT YOUR GREATEST INVESTMENT AND FAMILY! 

 

 

 


PURCHASING & MORTGAGING AN INVESTMENT PROPERTY


The purchase of a property for investment purposes differs in some important ways from the purchase of a principal residence. In most, if not all, cases, an investment purchase involves additional costs, risks and considerations. 

 

First time buyers. It is important to note that first time home buyers will not receive a tax credit (for both Ontario and Toronto land transfer taxes) if the property they purchase is an investment property. In order to qualify for a first time buyer credit, purchasers must declare that they intend to reside at the purchased property within 9 months of closing. Given that an investment property is not purchased as a place of residence, no first time buyer credit is therefore received, even if the property is the first the purchasers ever buy.

 

Assignment of Rents. Most lenders require an Assignment of Rents to be registered for the period of the mortgage or secured line of credit. Should the owner fail to meet his or her mortgage obligations, the lender then has a legal right to collect rents from any tenant(s) residing on the property. The standard Assignment of Rents is registered under the Personal Property Security Act, but it is not uncommon to see a lender request a Teraview registration. Both registrations are similarly priced, the PPSA costing approximately $75 for a 5-year registration while Teraview costs $71.30. To remove a PPSA registration after the term of the loan can cost up to $50, while removal under Teraview costs $71.30.

 

Home insurance. When making home insurance, purchasers should be aware that insurance companies do not provide "guaranteed replacement cost" on policies that insure non-principal-residence properties. In light of this, and given that most lenders require guaranteed replacement cost, clients need to make sure that (1) the insurance policy contains a "full replacement value" provision or (2) the amount of the dwelling coverage exceeds that of the mortgage amount. The insurance policy must also contain a provision protecting against loss of rental income.

 

GSA. In addition to an Assignment of Rents, if purchasers have arranged financing with a private lender, it is not uncommon for a General Security Agreement to be requested by the private lender. This Agreement secures all personal property located on one property (usually the matrimonial home) as collateral for a debt on the investment property. Although such a document should be avoided at all times, some private lenders will require that one be executed. In general, it is a good rule to negotiate strongly out of a GSA.

 

Default. After closing, if purchasers are in continued default of their mortgage or secured line of credit, and if the property secured is an investment property, it is not uncommon for a lender to charge a daily "administration fee" upon notice of default. Such a fee can total anywhere from $75 to $150 per day as long as the default continues. In order to determine if a lender has the option to charge this fee, please consult the Standard Charge Terms the lender incorporates into its loan.

 

Title insurance. With respect to title insurance, which today is ordered in just about every residential transaction that closes in Ontario, purchasers should understand that their title insurance policy will not cover them against any loss of rental income. Title insurance exists to protect home owners and lenders from legal challenges to ownership and security, not for monetary losses incurred as a result of a landlord/tenant dispute.

 

Income tax. Lastly, upon the sale of an investment property, a client should be aware that he or she will need to pay a capital gains tax on any appreciation in the value of the property. If the property was, at one point, a matrimonial home, then the increase in value during that time will not be taxed. Once the matrimonial home is designated as an investment property by the owner, any subsequent appreciation in value attracts capital gains. A real estate agent's letter regarding valuation is generally required to determine pricing. While a lawyer can help with general questions about this issue, an accountant should be consulted to determine the exact rules, timing and amount surrounding such a tax payment.


TOXIC MOULD IN HOMES


There have been 270 species of mould identified in Canada. Health Canada recommends that all mould, regardless of species be cleaned and that the underlying problems which enabled the growth of the mould should be dealt with immediately, to prevent potential health issues. 

Mould needs moisture and organic material to start and thrive. Leaky pipes, roofs, or windows can provide the moisture it takes to start a colony. Improper ventilation in attics, kitchens, bathrooms and laundry rooms may also contribute to mould growth. 

You can clean the mould yourself if the contaminated surface is small. Water and dish soap or hydrogen peroxide and water can be used to treat small areas. Hydrogen peroxide is far more effective in killing mould spores than bleach. It also does not have the potential of releasing harmful gases that bleach may have. Bleach is not recommended as a mould eradication agent. 

If you suspect a mould problem that you cannot solve on your own you should contact a trained Indoor Air Quality Investigator for advice on building related aspects of air quality. These investigators can do a visual inspection to identify areas of concern and make recommendations for improving the situation. 

All home owners need to fix the underlying cause of the mould whether due to water damage or excessive humidity. 

There are several things you can do to help prevent mould growth in your home:

  1. Repair basement, roof and pipe leaks as soon as you notice them.
  2. Always use the kitchen and bathroom exhaust fans to help keep your house dry.
  3. The clothes dryer hoses need to be properly connected and vented to the outside.
  4. Properly seal tubs, tub surrounds and sinks to prevent water from getting into the walls.
  5. If you have a flood or any type of water damage, be sure the flooded area is completely dry within 48 hours.
  6. The humidity in your home should be around 50% in summer and 30% in winter. A dehumidifier can help reduce the relative humidity is necessary.
  7. Discard clutter and excess stored material and make sure you have enough clearance from walls to allow for proper air circulation.
  8. Keep you house clean by vacuuming regularly.
  9. Mould can grow on anything that collects dust and can hold moisture.

For more information please call Wes Byleveld, BUYER'S CHOICE HOME INSPECTIONS at 289-338-9788.


Disclaimer


2010 An Independently owned and operated broker member of Prudential Real Estate Affiliates, Inc., a Prudential company.

Prudential and Prudential are service marks of the Prudential Insurance Company of America and are used herein under license.

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