WHY CHOOSE THE FARQUHAR TEAM FOR WEST TORONTO REAL ESTATE?
Adrienne Farquhar and the Farquhar Advantage Team are high energy, experienced Residential Real Estate Professionals selling Houses and Condos in West Toronto's Hottest Neighbourhoods. Whether you are a Buyer or Seller, are Retiring, Moving-Up, Downsizing, New to Toronto or looking for an Investment, we know Toronto and can help you take the next step. We want the opportunity to earn your business-So let's get started!
Please give us a call at 416-236-1392 or email us at firstname.lastname@example.org
Adrienne Farquhar*, Tasi Farquhar*, Norm Farquhar** and Sarah Eby* *Sales Representative ** Broker
FOR SALE: HUMBER VALLEY VILLAGE STUNNING 4+1 BEDROOM HOME
MAY 2013 - MARKET UPDATE
The Spring market is in full swing and is proving to be very healthy. We are experiencing multiple offers on many listings and the resultant SOLD prices are in excess of the asking prices. Remember, asking prices are arrived at by studying historical sales and by experienced knowledge in understanding the location of the property, condition of the property and the ability to obtain the highest price for the property. This is what we are good at.
There are far more buyers than sellers out there making it a competitive marketplace. If you want to sell your property, there is no time like the present.
Real Estate remains an attractive investment and as long as mortgage rates remain low, It's all about options and finding the right home in the right neighbourhood to fit your life style. Buyers wanting to Move-Up can afford to take on larger mortgages. While "move-in" ready houses are attractive to many Buyers, others are looking for a more reasonably priced fixer-upper.
Condos offer convenience and attractive building amenities and have become the choice of many young professionals and a retirement option for many of today’s active seniors. Looking for a Condo? before you visit, call us to learn the ins and outs of buying a new condo.
Investing in a Home with a Partner – Cover your assets!
As housing costs increase Buyers and Investors are looking at creative ways to cover the costs associated with home ownership. Partnering up with another buyer can mitigate exposure, potentially improve your return as your choice and options will be greater and share the day-to-day responsibility and expenses associated with home ownership.
A few pointers:
Firstly, choose partners that have similar objectives and realistic expectations. Ideally you can all bring something to the table; perhaps one has the property management expertise and another, extra cash.
Choose a property that meets your needs. There are a number of Toronto neighbourhoods that have "pockets" in transition. Whether you are looking for a low-rise home, multiplex, duplex or condo, we can help with that!
Look for a property that will have a positive cash flow over the short-term. Plan on holding the property for 5-10 years. If the plan is to Unless the plan is to reno and flip (high risk can result in high return or loss),
A Partnership Agreement should be in place to protect your investment and give you peace of mind. It should address the following :
Who is going on title? Who is managing the property? What are their reporting responsibilities and remuneration? There should be a separate account dedicated to the property. Who signs the cheques? Are there certain dollar thresholds? i.e. one signature for less than $500.00 etc. What type of tenant is acceptable? What are the terms of the lease? What renovations/maintenance/emergency fund are the partners willing to commit to? Do financial decisions have to be unanimous? If there are multiple partners, does the majority rule? How are disbursements handled? What if one partner dies or wants to sell? Can the others buy him/her out? How are disputes to be handled? Agree on an arbitration process and try to avoid court.
Rental properties provide a regular stream of income. You can deduct expenses from income, which may include: mortgage interest, insurance costs, property taxes, management fees, maintenance and upgrade costs. Losses maybe deductable for tax purposes.
Bottom line, situations change over time; sound accounting and legal advice upfront will ensure you can enjoy the benefits of partnering with another homeowner/investor and minimize the potential for headaches. Check out our article "Do You See Yourself as a Potential Landlord?".
The tax treatment of various types of property ownership is discussed on the Canadian Certified General Accountants site at http://bit.ly/Ybleqg
In Mark Weisleder’s article of April 12/ THE STAR he discusses the points that should be covered in a partnership agreement. Mark’s recommendations at http://bit.ly/12462Rx
If the time has come for You to find a home to fit your lifestyle and family, we would love to help. New properties are listed every day. By filling out the form, we can have new Listings emailed to You as soon as they become available. Click the image above.
We DO know Toronto's Real Estate Market. Find out what your home is worth in relation to your neighbours' homes. The Equity in your home is like any other investment - it needs to be monitored. Now might be the perfect time... Click the image above.
How will you know a good house when you see it? What if you buy a house and can't sell the one you own? How can you make sure you are making a good investment? What if you think you paid too much and home prices drop?
In the 6 months ending Apr 15, 2013, 26 Detached Houses SOLD in Edenbridge Humber Valley at an average price of $1,289,000 which was 96.65% of the Listing Price, in an average of 26 days. Click on the tab above for Listings, Solds, Statistics, Edenbridge Humber Valley Map, and school rankings.