alex-macale-filipino-real-estate-agent-low-ball-offer

If you take care to price your home correctly — that is, at a price that is in line with what similar properties in the area have sold for recently — then you have a good chance of selling it at or near your asking price.

That doesn’t mean you won’t get a low-ball offer. You might. So what do you do when that happens?

First, understand that the buyer may not necessarily be trying to steal away your home at a bargain-basement price. He might simply be mistaken about its true market value. Of course, he might also be coming in at a low price in the hopes he’ll get lucky.

You will never actually know the buyer’s motives. So it would be a mistake to get angry or dismiss the offer out-of-hand. That low-ball offer might end up being the beginning of a negotiation that results in you selling your home at a good price.

Your first step is to work with your REALTOR® to determine:

  • How serious the buyer is.
  • How qualified the buyer is. (For example, does he have a pre-approved mortgage?)
  • How amenable the buyer is to a counter-offer that reflects the true market value of your home.
  • What that counter-offer should be.

This isn’t an easy process. It takes knowledge and experience to get it right. That’s why working with a good REALTOR® is essential.

Looking for a REALTOR® who is an expert at this stuff? Call today.

alex-macale-organizing-pantrynew-organizing-kitchen-pantry

A pantry is the ideal nook for storing extra food and other items ordinarily crammed into the kitchen. It’s also a nice design feature, as it harkens back to the days of country kitchens with spacious pantries.

You might be thinking, “That’s nice, but our home doesn’t have a pantry.”

That’s okay. These days, there are many ways to create a pantry in your home – even if it doesn’t have one! Here are just a few suggestions:

  • Add shelves to the laundry room. If you have the space, this is the ideal place to create a mini-pantry.
  • Purchase a portable pantry. There are many available on the market. Some are even disguised as cabinets you’d expect to see in living and dining rooms.
  • Purchase a movable pantry. These units are on wheels and can slide in and out of the kitchen with ease. Some are short enough to slide conveniently under a kitchen table.
  • Make use of an unused closet. These are rare in most homes, but if you have a closet that isn’t being used, it can easily be converted into a pantry.

As you can see, there are plenty of options available. You don’t necessarily need to build an extra room!

alexmacale-filipino-real-estate-agent-elegant-living

When considering which of two or more competing offers to accept for your home, there is no doubt price plays a huge role. After all, if Offer #1 is $10,000 higher than Offer #2, that’s an enticing difference that puts thousands of extra dollars in your pocket.

However, price isn’t the only thing you should think about when comparing multiple offers. There are other factors you need to consider as well.

For example, what conditions are in the offer? If Offer #1 is conditional upon the seller selling his current property for a specific amount, then what if that doesn’t happen? You could end up with an offer that dies and be forced to list your home all over again.

In that circumstance, accepting the lower offer may be your best move.

There’s also financing to consider. Most sellers will attach a certificate from their mortgage lender to show that they can afford the home and will likely secure financing with little difficulty. If you get an offer where the ability of the seller to get financing is in doubt, that’s a red flag.

The closing date is another important factor. Offer #1 might propose a closing date that’s perfect for you, while Offer #2 is four weeks later. If you’ve already purchased another home, you might require a month of bridge financing if you accept Offer #2. There’s nothing wrong with that per se, but the costs and additional hassle are factors you should consider.

As you can see, assessing competing offers isn’t as easy as it looks. Fortunately, as your REALTOR®, I will guide you toward making the right decision.

filipino-real-estate-agent-toronto-air-quality1

There are many reasons why the air quality in your home may not be at its best. A faulty furnace or an aged carpet are just two potential culprits. Until you get those issues addressed, how do you make your indoor air healthier — today?

Here are some ideas:

  • Check the furnace filter. This is one of the most overlooked maintenance items in the home. Any furnace repair person can tell you stories about filters they’ve seen caked in dust. Make sure those aren’t yours. Air passes through those filters before circulating throughout your home. Replacing a filter takes less than five minutes.
  • Clean the drains. Drains are a surprisingly common source of odour in the home. Most people only clean them when they’re clogged, but they should be flushed thoroughly with a good-quality cleaner at least once a season.
  • Turn on the bathroom fan. Not only do bathroom fans remove odour, they also reduce moisture build-up. About 50% of air pollutants originate from some type of moisture; mould being the worst. Professionals recommend you keep the bathroom fan on for at least 30 minutes after a shower.
  • Clean your doormat. Even if your doormat doesn’t smell, it can be a source of air pollutants. When people wipe their shoes, they transfer pesticides and other outside ground pollutants from their shoes to your mat.

Of course, you can always open a window. That’s the most popular way to freshen the air, and it works.

generation-gap

Have you notice sometimes that you have problem communicating with your own peers be somebody your age, younger or older? Experience shows that generation defines their characteristics and a good understanding of them will save you a lot of grief. Here are different generations..

Traditionalist: 1925 – 1945

  • Team Players
  • Loyal to organization
  • Respect Authority
  • Adhere to rules
  • Respond well to direct leadership
  • Believe that seniority and age are correlated

Summary: They are loyal and respond to direct rules

Baby Boomers: 1946 – 1964

  • Fresh perspective
  • Optimistic
  • Team-Oriented
  • Seek personal gratification
  • Seek personal growth while promoting health and wellness

Summary: They look for growth while promoting health and wellness

Generation X: 1965 – 1980

  • Positive Attitude
  • Self-reliant
  • Goal-Oriented
  • Think Globally
  • Prefer informal work environments
  • Enjoy freedom to do things their own way

Summary: They prefer informal work environment and enjoy freedom

Generation Y – Millennials: 1981 – 1999

  • Confident
  • Sociable
  • Good at Multitasking
  • Technologically Savvy
  • Open
  • Engage in collective action
  • May lack skills for dealing with difficult people

Summary: Confident good at multitasking but may lack skills for dealing with difficult people

Generation Z – Nexters: After 2000

  • Confident
  • Sociable
  • Tenacious
  • Adept at multi-tasking
  • Technologically Savvy
  • Need Flexibility

Summary: Tenacious spirit and known to be technologically savvy

Sourced: United Nations Joint Staff Pension Fund – Talent Management Team

filipino-real-estate-agent-homes-sale-toronto

Say you’re viewing a home and are impressed with how it looks. The walls are freshly painted. Everything seems bright and new. You’re considering making an offer.

Then, while standing on a mat in the kitchen, you hear a squeak below your feet. You lift the mat and see that some tiles are broken. Obviously the mat was there to, literally, cover up that defect.

A few broken tiles are not a big deal. But now you’re thinking, “What else might be wrong with this house?”

There’s no reason to worry that every home will have maintenance issues hidden from view. However, it’s smart to do your due diligence to ensure the home you’re considering is truly as good as it looks.

One way is to have a professional home inspector check out the property as a condition of your purchase offer. He or she will inspect the home from top to bottom, inside and out, and point out any issues you should address.

It’s also smart to ask questions. Find out the age of certain features, such as the roof, furnace, and appliances. Ask about any recent renovations, and determine whether they were done by a professional or by the homeowner.

Most importantly, work with a good REALTOR® who can provide you with information on the property that you would have difficulty getting on your own. Your REALTOR® has a stake in making sure you buy a home with your eyes wide open — knowing all the potential maintenance issues you’re likely to encounter.

Want to talk to a good REALTOR®? Call today.

This slideshow requires JavaScript.

Last Status: SOLD OVER ASKING

Highest SOLD in the Complex as of August 2016

For Sale: $529K
15 Coach Liteway, North York, ON.
Bathurst/Antibes
www.ChatwithLiveAgent2.com

Video Virtual Tour: Click Here

filipino-real-estate-agent-contractors

You can’t call yourself a dentist unless you have specific hard-earned credentials. Just about anyone, however, can hang a shingle and call himself a home improvement contractor. That’s why choosing a reputable one is so difficult. Here are some tips:

  • Find out if he or she is truly in business full-time. A part-time or occasional contractor may not have the experience necessary to do a great job.
  • Ask about licenses and other credentials. Some contractors have accreditations from professional and trade associations.
  • Review his or her project portfolio. A reputable contractor will have photos and other evidence of work completed for similar clients.
  • Check online for reviews. If there are more than five poor reviews within the past three years — that’s a red flag.
  • Ask for references. Then, call at least one.

Finally, the best contractors are those that get recommended by people you trust.

Looking for a contractor recommendation? Call today.

 

Pranav Parekh Residence, Ahmedabad

Figuring out how much time you should spend viewing properties for sale is a little like asking, “How long should I spend trying on shoes?”

The answer seems obvious: As long as it takes to make a decision!

Buying a home is significantly more complex than purchasing shoes – and the stakes are higher too! You need to make sure you have all the information necessary to confidently make the best decision.

There are basically three stages to viewing a property:

  1. Macro
  2. Micro
  3. Professional

When you view a home on a macro basis, you’re looking at it from an overall perspective. For example, you may do a general walk-through to get a first impression and determine if the property has the basic features you need, such as the number of bedrooms and the size of the backyard.

Macro viewing is often the fastest stage in the viewing process and can sometimes take just a few minutes.

If you like what you see, then it’s onto the micro stage. At this stage you take a closer look at the details of the property. You might, for example, spend extra time in the master bedroom imagining how your furniture would look and fit.

The micro stage takes longer simply because the home is now on your shortlist. You’re interested and are considering making an offer.

Finally, the professional stage involves getting a qualified home inspector to go over the property with a fine tooth comb. That typically occurs after you’ve made an offer.

As your REALTOR®, I will guide you through a viewing so you’ll know what to look for and can make a smart, informed decision. Contact me today to request your free home guide. www.RequestYourFreeHomeGuide.info

 

home maintenance filipino real estate agent

If you own a car, you know there’s more to the cost-of-ownership than just finance payments and gas. You also need to budget for maintenance and repairs. If your car is older, those costs are going to be higher. That’s just common sense.

The same is true of your home. It’s wise to budget for anticipated repairs and maintenance. Otherwise, you might be caught by surprise when you find that your furnace stops working and needs to be replaced. That can easily be a four-figure expense.

Experts recommend that you set aside 1% of the value of your home for repairs and maintenance. For a $500,000 property, for example, that would be $5,000. That is, of course, merely a rule of thumb. If your home is older, you may need to budget more.

Another recommended method is to budget $1 a square foot. If you have a 2,500 square foot home, that would be a budget of $2,500. Again, that number would need to be higher for older properties.

When budgeting, consider things that are getting old and will likely need to be replaced within the next three years. Examples include roof shingles, furnace, A/C unit, deck, fence, plumbing, and windows. Depending on the size and model, a new A/C unit will cost at least $5,000. Anticipating that expense will help you plan accordingly and avoid the shock of an unpleasant and costly surprise.

Keep in mind that budgeting $2,000 for repairs and maintenance doesn’t mean you’ll actually spend that money this year. But, if needed, the budget will be there, and that’s peace-of-mind.