You taught me a great lesson about referrals

We recently received a call from an agent in Calgary, Alberta that had someone in Toronto who needed to deal with a house near Ossington and Dupont. (As an Accredited Senior Agent) We are often contacted by now, out of town, grown children who now reside elsewhere in Canada.

This agent asked about my knowledge of west Toronto neighbourhoods, my proximity to the listing, sales history and experience, number of current listings in addition to number of years in real estate. I thought I had answered well and directed the Calgary agent to Google Homes west Toronto as a sampling of how I could market and present a property for sale.

When I followed up the enquiry the referring agent told me they had assigned the business elsewhere as the other agent had sent a package by email; I needed to address this.

Thank you for entrusting your client to my care. I will attend to them well, with care and honesty. They will be communicated with regularly during the sale process. You will also receive updates of their Buying and Selling process as it occurs.

While the business measures how many listings and 100% Club membership, participation in the 3 Million Dollar and Million Dollar clubs; I think that being an Accredited Senior Agent with 22 years working in the people's needs filling business has more merit and satisfaction.

Your clients sale will be promoted on a Top Ranked by Google website for Homes west Toronto. This additional viewership to MLS.ca and REMAX.com ensures more eyes on the listing that tranlate directly to more showings.

Upon receipt of your request to attend at a residence a prelisting package is sent by courier or assitant to the Seller's address. The Package includes a colour printed Listing Presentation (produced in Powerpoint) and embedded below for your information.

The commonly-used real estate forms available for download below offer clause-by clause plain language explanations of the legal terminology used throughout them. Understanding what you are signing is essential to having a successful transaction.

. Agreement of Purchase and Sale

. Listing Agreement Authority to Offer for Sale

. Seller Customer Service Agreement

. Buyer Representation Agreement

. Buyer Customer Service Agreement.

. Confirmation of Co-operation and Representation.

In addition to this we include a Sellers Check List and Seller's Net Sheet. Feature sheets of previous sold listings are made available as a sampler of the Marketing Material. Video and Slide Show Viewer is used FOR each listing.

Upon arrival (post inspection) the Seller client would normally receive the GeoWarehouse Report giving ownership details (confirmation of deeded owners), MPAC Value providing lot size verification and a printed CMA to help establist Fair Market Value. With these documents in hand and the pre listing package delivered earlier, it is calmer to have Sellers ask related questions.

If you have clients coming or leaving, or family property to sell, an estate to settle and require transition management, rest assured that your referral and client will be well attended to with honesty, respect and courtesy.

Remember we not only pay you a 25% referral fee but also provide a tin of our famous Tim Horton's coffee with each successful transaction.

Will you get Pinned for Valentine's

 

It’s incredible that it is already February and Valentine’s Day is just a week away!  Order wisely!  Plan ahead! Do something Special! Now when they say PIN me   Its your code for the Blackberry.  Yes I joined,  I can friend you too! 

The Phenomena that is the real estate market in Toronto continues unabated.  No matter the media, no matter the headlines, the declining inventory forces Buyers to compete for those listings in the neighbourhoods they desire.   Read details here Sales Down, Inventory Down Prices holding firm with multiple offer situations in the select neighbourhoods. Condos now account for 35 % of all sales.  Click Here for Market Watch.

 

Bank Changes by Flaherty to the amortization reduced to 30 years and the ability to refinance homes limited to 80% on your home equity line of credit [HELOC] really doesn’t make much difference to existing home owners.  It will limit those entering the market.  New Canadians can buy with 5% down, Full Time job and Landed Immigrant status. (PR CARD)  So what changed?  No More Bank insured lines of credit.

 

No one enters a relationship planning to leave, but if you are planning departure make sure you make yourself aware of the rules; There are mutual debts and assets and your borrowing and liabilities will go with you.  The asset you thought you own, may require spousal consent for a sale.  Marcy Berg sets out the Rules Click here for additional details.

 

Fun Places?   The Phone Booth Art Gallery in the Junction,   3148 Dundas St W., nr High Park.  They have a display of local artists and pottery. If you are seeking something different…..  GO and Stare in their window!   Click Here!

 

I am taking some time, to improve my licensing, and obtain an Accredited Seniors Specialist Designation.  This will enable me to hone my knowledge and skills with senior issues and estates in a better fashion. I am sure there will be details following shortly.

 

Increase in values this year?   My guess 4%    1.5% bank rate plus inflation of 2.4%.     Careful what you borrow to buy.

 

If you find value here; please forward it to a few friends or business partners, as always I need your assistance to connect and engage with new prospects.  If you think of someone buying or selling in the near future, please tell me how best to connect them.

 

 

 

regards,

David Pylyp
Sales Representative
RE/MAX Realty Specialists Inc. Brokerage
HomesWest Toronto
Humber Bay Shore 
Help Me Get to 150 Friends on this Facebook Page; Click and Like me Please
905 272 3434 office
647 218 2414 direct


Professional and Persistent in getting things done.

 

 

New to Canada Housing Program

New to Canada Mortgage

If you are new to Canada and need a mortgage to finance a home purchase, there are a number of decisions you will need to make and supporting documentation you may need to provide. As a newcomer, you will lack a Canadian credit history and, therefore, may find it more difficult to secure financing.

The first thing you should do is start building credit as early as possible. There are a number of ways to do this, but here are some highly recommended tactics:

· Open a bank account and perform frequent transactions.

· Pay your bills in full and on time, including rent, utilities, and telecommunication services.

· Apply for a credit card.

· Apply for small loans from your bank and make regular payments.

· Prove that you have a consistent source of income by staying with the same employer for a sufficient amount of time.

Supporting documentation for a New to Canada Mortgage

The good news is that you can obtain a New to Canada Mortgage with similar terms to a typical mortgage application, but you may need to provide additional documentation supporting your credit history and ability to pay.

Two things you will definitely need to provide are income verification, via an employment contract and/or salary deposits, and a valid work permit or landed immigrant status. Depending on your individual situation and the lender, there is also an array of other credit proofs you may be required to supply as well.

These credit proofs may include, but are not limited to:

· Rental payments for ‘X’ months and/or confirmation letter from landlord.

· Regular payments towards utilities, telecommunications, insurance, etc, and/or confirmation letter from service provider(s).

· Banking history.

· Letter of reference from a recognized financial institution.

· ‘X’ months bank statements.

· Documented regular savings for ‘X’ months.

· International credit report.

The remaining inputs for your mortgage application are typical to a traditional Canadian mortgage with only a couple noted exceptions.

New to Canada Mortgage down payment

As per Canadian regulation, you will be required to put down at least 5% of your home value as a mortgage down payment. The Canadian Mortgage and Housing Corporation (CMHC), Canada’s leading mortgage loan insurer, states on its website that it insures newcomers with permanent resident status was as little as 5% down payment, while non-permanent residents can purchase a home with a 10% down payment.

You do not need to purchase mortgage insurance, however, if your down payment is more than 20% of your home value, which is known as a conventional mortgage.

New to Canada Mortgage provider

You can obtain a mortgage through a traditional lender such as a bank or credit union, or you can do so through a Canadian mortgage broker. Mortgage brokers provide an origination service – lenders service the loan – and will guide you through the mortgage process. Mortgage brokers have access to many lenders and products, and therefore, supply very competitive mortgage rates.

Amortization Period

The amortization period is the amount of time it will take to pay off your mortgage. In Canada, the maximum amortization period is currently 35 years, but as of March 18, 2011 this will be reduced to 30 years. A longer amortization period will reduce your monthly mortgage payments by spreading them over a longer time frame, but will equate to more interest paid over the life of the mortgage.

Term

The mortgage term is the amount of time you commit to the contractual provisions and mortgage rate with your lender. Typical terms are between one and 10 years, with five years being the most common. When your term is up, you will need to negotiate a new contract with a mortgage rate available at the time.

Interest Rate Type

The final major mortgage decision you will need to make is the type of mortgage rate you want. Mortgage rates can be either fixed, at a constant rate of interest over the mortgage term, or variable, fluctuating with market interest rates. This is a personal decision based on your unique tolerance for risk and predictions on future interest rate direction.

For more information on the standard mortgage process and additional home buyer resources, please visit RateHub’s comprehensive Education Centre.

When you are ready to purchase I would be happy to represent you in a purchase. Call me David Pylyp 647 218 2414 Lets get started