Thursday, 11 May 2017

4 Reasons to Buy A House Today!

Home ownership will always be a part of the Canadian Dream. Owning your own house has countless advantages(educational, health, social) that far eclipse any economic impact. However, we want to look at some key economic advantages of home ownership in today’s post.Check out these 4 Reasons to Buy A House Today!

1. Buying is Cheaper Than Renting

The results of the latest Rent vs. Buy Report show that home ownership remains more affordable than renting with a traditional 25-year fixed rate mortgage in the largest cities in the Canada. Check out this article on rent vs buying here https://andrewweaver.ca/rent-vs-buying/

2. Being a Home owner "encourages" You to Save

According to SavingAdvice.com, home ownership is a great way to save. Their advice is quite simple:
“Home ownership is a “forced” savings account because you own the home, you have no choice – that monthly housing cost has got to be paid no matter what…Home ownership can be an outstanding way to force yourself to be more frugal in the rest of your spending so that you can save and build equity in your home.”

3. Tax Deductions and Home Ownership

According to the Tax Policy Center’s Briefing Book -“A citizen's guide to the fascinating (though often complex) elements of the federal Tax System” - there are several tax advantages to home ownership. Here are three:
  1. Homeowners who itemize deductions may reduce their taxable income by deducting any interest paid on a home mortgage.
  2. Homeowners who itemize deductions may also reduce their taxable income by deducting property taxes they pay on their homes.
  3. Taxpayers who sell assets must generally pay capital gains tax on any profits made on the sale.

4. Economists Predict House Price Appreciation to Continue

Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.
Over the next five years, home prices are expected to appreciate 3.22% per year on average and to grow by 17.3% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey.

Conclusion

Some are afraid that house values may have already peaked. Nonetheless, we believe that purchasing a house now will prove to be a sound financial decision for years to come. As Warren Buffet said, “When others are greedy, be fearful. When others are fearful, be greedy.”


Andrew Weaver
REALTOR®
"Your source for Wasaga Beach and surrounding area real estate."
705-331-2374
andrewweaver.ca


Friday, 5 May 2017

Consider Wasaga Beach For Your Next Cottage

Wasaga Beach has forever been the chosen retreat for neighboring Toronto residents because it lays claim to having longest fresh water beach in the world, but it did not officially become a town until January of 1974. Consequently, the community has continually increased -- from 12,419 permanent residents in 2001 to 15,029 when the 2006 census was conducted.
As the numbers continue to rise, Wasaga Beach has earned a reputation as one of the quickest growing regions in the country. The number of transactions and the extent of Wasaga Beach real estate sold is climbing dramatically -- especially since 2009 -- and new inhabitants are building houses as the demand for more seasonal structures is growing, and cottages and recreational properties are springing up along the popular water front. 
Residents and tourists alike are drawn to Wasaga Beach by the the fourteen kilometers of safe sandy public beaches that is also home to the Wasaga Beach Provincial Park, which was awarded the coveted Blue Flag designation for its endeavors to govern Wasaga's shoreline in accordance with international environmental guidelines. The area provides recreation all year round along the sandy beaches -- designated 1-6 (with 1 and 2 being the most busy) -- and during the spring and summer there are recreational activities such as beach volleyball or a game of Frisbee to be enjoyed by all. The same expanse of beach becomes a wintertime gathering point for sports buffs who come to snowmobile and snow shoe on the well-groomed trails.
Even though a major fire demolished seventy percent of the main drag, businesses and apartments -- as well as the pedestrian mall -- on November 30, 2007, Wasaga Beach growth has not stopped. Instead, the area is experiencing a big development boom with fabrication currently underway on a modern style beach front boardwalk with a plaza, eateries, and an all weather theme park attached to a monorail. To deal with the requirements of the burgeoning area, the area transit service, Georgian Coach Lines, has had to expand their routes twice since 2008 and offer service daily from 7AM to 7PM on an east-west loop through the town.
The growing availability of amenities and products in Wasaga Beach has helped push real estate sales up 65 percent in the first quarter of 2010 when compared to the same period last year. The month of March 2010 saw a substantial 50 percent rise which also had a positive affect on the adjacent Collingwood real estate sector. Even more encouraging were the price range increases, up to 172 percent in some regions of the Greater Toronto Area, with homes that were marketing for 300K moving into the 350K to 500K range. Although undoubtedly seasonal buyers make up much of the increase, it also appears to be due to the high-end estates in Wasaga Beach are becoming a sought after retirement choice for wealthier residents. But no doubt the general appeal of the Georgian Triangle 'quality of life' will keep attracting the attention in a wide range of home buyers who are drawn by the natural beauty of Wasaga Beach, but take pleasure in the convenience of having the services of Toronto that is just a 1.5 hour driving distance.  

Wednesday, 3 May 2017

Real Estate Lingo Explained

Purchasing a home in Wasaga Beach can be nerve racking if you are not familiar with the terms used during the process. To start you on your path with confidence, we have compiled a list of some of the most common terms used when buying a home.

Annual Percentage Rate (APR) – This is a broader measure of your cost for borrowing funds. The APR includes the interest rate, points, broker fees and certain other credit charges a borrower is required to pay. Because these costs are rolled in, the APR is usually higher than your interest rate.
Appraisal – A professional analysis used to estimate the value of the property. This includes examples of sales of similar properties. This is a necessary step in getting your financing secured as it validates the home’s worth to you and your lender.
Closing Costs – The costs to complete the real estate transaction. These costs are in addition to the price of the home and arepaid at closing. They include points, taxes, title insurance, financing costs, items that must be prepaid or escrowed and other costs. Ask your lender for a complete list of closing cost items.
Credit Score – A number ranging from 300-850, that is based on an analysis of your credit history. Your credit score plays a significant role when securing a mortgage as it helps lenders determine the likelihood that you’ll repay future debts. The higher your score, the better, but many buyers believe they need at least a 780 score to qualify when, in actuality, over 55% of approved loans had a score below 750.
Discount Points – A point equals 1% of your loan (1 point on a $200,000 loan = $2,000). You can pay points to buy down your mortgage interest rate. It’s essentially an upfront interest payment to lock in a lower rate for your mortgage.
Down Payment – This is a portion of the cost of your home that you pay upfront to secure the purchase of the property. Down payments are typically 3 to 20% of the purchase price of the home. There are zero-down programs available through VA loans for Veterans, as well as USDA loans for rural areas of the country. Eighty percent of first-time buyers put less than 20% down last month.
Fixed-Rate Mortgages – A mortgage with an interest rate that does not change for the entire term of the loan. Fixed-rate mortgages are typically 15 or 30 years.
Home Inspection – A professional inspection of a home to determine the condition of the property. The inspection should include an evaluation of the plumbing, heating and cooling systems, roof, wiring, foundation and pest infestation.
Mortgage Rate – The interest rate you pay to borrow money to buy your house. The lower the rate, the better. Interest rates for a 30-year fixed rate mortgage have hovered between 4 and 4.25% for most of 2017.
Pre-Approval Letter – A letter from a mortgage lender indicating that you qualify for a mortgage of a specific amount. It also shows a home seller that you're a serious buyer. Having a pre-approval letter in hand while shopping for homes can help you move faster, and with greater confidence, in competitive markets.
Primary Mortgage Insurance (PMI) – If you make a down payment lower than 20% on your conventional loan, your lender will require PMI, typically at a rate of .51%. PMI serves as an added insurance policy that protects the lender if you are unable to pay your mortgage and can be cancelled from your payment once you reach 20% equity in your home. For more information on how PMI can impact your monthly housing cost.
Real Estate Professional – An individual who provides services in buying and selling homes. Real estate professionals are there to help you through the confusing paperwork, to help you find your dream home, to negotiate any of the details that come up, and to help make sure that you know exactly what’s going on in the housing market. Real estate professionals can refer you to local lenders or mortgage brokers along with other specialists that you will need throughout the home-buying process.

The best way to ensure that your home-buying process is a confident one is to find a real estate professional who will guide you through every aspect of the transaction with ‘the heart of a teacher,’ and who puts your family’s needs first.

Friday, 28 April 2017

Three ways to ease your fears about making a move

Three ways to ease your fears about making a move

With low inventory in Wasaga Beach and throughout the province, many homeowners are afraid to sell their property because they're uneasy that they may not be able to find a new one. This can be a real problem, but if you are looking to sell-whether to upgrade or find a new neighbourhood-there are a few ways to combat the low inventory.

Look to purchase first In most markets it is a real error to put your property up for sale before you start looking for your new property. Identify the geographic area where you are interested in buying. Even if you don't see anything on Realtor.ca, it doesn't mean you can't or won't find the right home.

Think outside the box Be proactive! Keep in mind that there are probably many people like you who want to make a move but are afraid as well. Have your real estate agent send a letter to the neighbourhoods in the geographic areas where you want to live. The letter should be heartfelt and personal while announcing that you are ready to buy a home in that neighbourhood. You could find a home to buy that may not even be currently listed or for sale.
Protect yourself legally Each Province varies in how the purchase process is conducted. Talk to your real estate professional about adding a clause in the purchase contract for the home you are selling that will enable you to not sell the home if you cannot find a suitable home to buy.

Monday, 24 April 2017

Wasaga Beach Real Estate Market Update April 17th to April 23rd


wasaga beach real estate market update
The following blog covers real estate activity for Wasaga Beach for the week of April 17th to April 23rd 2017. This information was obtained from the Southern Georgian Bay Association of Realtors® and is deemed but not guaranteed to be accurate.


New Listings

  • Residential - 22
  • Condo- 4
  • Vacant land- 4
  • Commercial- 1
  • Residential on leased land- 1

Sold Listings

  • Residential- 18
  • Condo- 1
  • Vacant land- 5
  • Commercial- 0
  • Residential on leased land-

Conclusion

It appears the market is starting to balance out a little with there being a total of 33 new listings and 23 sold listings. We see a spike in vacant land activity this week compared to last week with 4 new listings and 5 sold listings.

Saturday, 22 April 2017

Home Renos on a Budget

home renos on a budget
If in the near future you are planning on selling your home, for an effective return on investment (ROI)  consider upgrading or updating key items in your house. For major renovations professional contractors will be required but for smaller ones most home owners will be able to tackle the jobs themselves. The following home renos on a budget tips will cost you between $500 - $1,000.

The Front Door

Curb appeal… it’s the primary and fundamental critical selling feature of a residence and may either draw buyers in or discourage them. Aside from retaining neat and tidy outdoors or having a pretty flower garden, the front door can stand as a statement to the atmosphere in your house. For new builds or older homes, the front door is generally featured with a small window. Create a assertion via replacing the the front door with one that has more complex detailing, up to date hardware, and large decorative glass inserts. If you’re planning to sell, be sure to pick a colour that compliments the outdoor color scheme of your home and has some impact, while still keeping the traditional look. A large glass insert will also draw more natural light into the lobby of your home, creating a bright and cozy surrounding. Numerous door styles can be found at your neighborhood home renovation store, saving you a trip to a professional window and door company. Be sure to measure twice and cut once. Once you've got your door picked and purchased, it’s as simple as popping the old door off its hinges, replacing with the new door.

Increase the appearance of square footage

While actually adding square footage to your home such as finishing the basement or adding an addition to your home would be too costly there are other steps you can take to make your home appear bigger.
Lighten-up and de-clutter your home is the simplest way to achieve positive results. Paint dark walls lighter by using neutral or pale colours, place mirrors in smaller rooms. Replace heavy drapes with retractable blinds.
Rearrange your furniture to create more space, if you have too much furniture you may consider storing some of it until your house has sold. De-clutter and pick up knick-knacks, children toys and any other random objects. 

Hire a professional cleaner

Professional cleaners have the right tools for the job. This is especially important if you have children or pets. Professional cleaners will be able to tackle stubborn dog fur, furniture stains and so forth. Have carpets and furniture steam cleaned to remove any odours. Have the exterior of your home deep cleaned also,this may include power washing siding, decks, sidewalks removing any fungus and stains.

This list is just an example of some of the affordable home improvements a home owner can make. Make a list of the most important items in your house to be addressed and start from there. 




Wednesday, 19 April 2017

Buying Your First Home In Wasaga Beach, ON


buying your first home in wasaga beach



Spring has sprung and the Wasaga Beach housing market is in full swing. Many Ontario residents are relocating to Wasaga Beach due to the small town charm, sandy beach and miles of walking trails. Wasaga Beach has it all and is still quite affordable when compared to other areas of Ontario.

Before you jump head first into the housing pool check out these 5 simple tips to make the whole process much easier for you when buying your first home in Wasaga Beach, ON

Think of your home as an investment

When home buyers start their home search, often the last thing they consider is the resale value. On average, home owners move every 7-9 years. Check the different neighbourhood historical values. Research any planned developments in the area that may affect the value either in a positive or a negative way.

Make a wishlist

Make a list of the homes must have's and rank them from their highest to lowest. Ultimately you'll have to compromise on several of the items but this list will keep things in better perspective for you.

Get a pre-approval + credit check

Unless you have just won the lottery chances are you'll need to get financing. Get in touch with a bank or a mortgage broker and have them do a mortgage pre-approval for you. This way you'll know exactly how much you can afford. 

Tip: Don't buy a home at your pre-approval limit, reduce this amount by 10% to allow for any unforeseen costs.

Take into account additional costs

Additional costs will include the cost of moving, furniture expenses, home insurance, lawyer fees to close the transaction. Condo fees if purchasing a condo. For more information on buying a condo check out my blog on the subject buying a Wasaga Beach or Collingwood condo. 

Choose the right Realtor®

You're about to make the biggest investment of your life so be sure to choose the right professional for the job. Here are some questions to ask when choosing the Realtor® you plan on working with:
  • How many years have you been actively trading in real estate?
  • Do you specialize in a certain type of property or area?
  • Are you full time or part time?
  • Do you have have any references or testimonials from past clients?
  • Do you have up to date errors and omissions insurance and ask for proof of such?











Monday, 17 April 2017

Wasaga Beach Real Estate Market Update April 10th to April 16th 2017




The following blog covers real estate activity for Wasaga Beach for the week of April 10th to April 16th 2017. This information was obtained from the Southern Georgian Bay Association of Realtors® and is deemed but not guaranteed to be accurate.


New Listings

  • Residential- 22
  • Condo- 2
  • Vacant land- 4
  • Commercial- 0
  • Residential on leased land- 1

Sold Listings

  • Residential- 11
  • Condo- 1
  • Vacant land- 0
  • Commercial- 0
  • Residential on leased land- 1

Highlights of the week

One home sold for $840,000 and another sold for $80,000 above asking price during this week.



Saturday, 15 April 2017

Buying Wasaga Beach Waterfront Property

buying wasaga beach waterfront property



When buying Wasaga Beach waterfront property. Whether it be riverfront or beachfront you won't regret purchasing your future waterfront property in Wasaga Beach. Check out these tips to help with your waterfront property search.

Find a waterfront specialist

Most Realtors® practice selling residential real estate but don't focus on one area such as Wasaga Beach waterfront property.Make sure to choose a Realtor® who has detailed knowledge of the Waterfront properties in the Wasaga Beach.

Choose the waterfront type that fits your lifestyle:

Wasaga Beach offers beachfront and riverfront properties. For boating and fishing enthusiasts riverfront would be more a fit. If breathtaking sunsets, sandy beaches, regular swimming and sunbathing is your goal then beachfront would make more sense for you.

Check your budget before shopping

Riverfront is generally much more affordable than beachfront in Wasaga Beach. Talk to your mortgage specialist and get pre-approved so you have a good grasp on your affordability. 

Check the quality of the beach

Wasaga Beach has 14 kilometers of beachfront so as you can imagine the beach isn't the same from one end to the other. The west end of the beach isn't as sandy and spacious as say the east end. If you're looking for a more family oriented quiet beach then the west side will fit your needs more. If you want more night life and activities then the east side will work best for you.

Other considerations

Make sure to examine the structure when buying your beachfront house. Due to strong northwest winds Wasaga Beach beachfront is more susceptible to high wind exposure. Check for any cracks in the exterior, make sure windows have high R-Value, check the condition of the shingles.

When buying riverfront check the break-wall condition. Is it cedar or metal? Knowing this will give you a good idea of how much life is left in it. Is the property in a flood zone? Check for historical water levels with the ministry.

It is always advisable to hire a home inspector who is qualified in waterfront properties. Interview several home inspectors to gauge how much experience they may have in this type of property.


I have extensive knowledge and experience with regards to waterfront property in Wasaga Beach and all surrounding areas. Please contact me for a pre-purchase consultation to address your needs.

Andrew Weaver
Sales Advisor
705-331-2374
Toll free-855-200-SOLD(7653)









Wednesday, 12 April 2017

Buying a Wasaga Beach or Collingwood Condo?

buying a wasaga beach or collingwood condo?



Whether it be location, affordability or maintenance free living many home buyers turn to a condo as their next home purchase. If you are in the market for buying a Wasaga Beach or Collingwood condo check out these tips to get started.

Choosing the right location: Location is probably still the biggest deciding factor when shopping for your next condo. Proximity to work, entertainment or activities are all deciding factors. When buying a Wasaga Beach or Collingwood Condo do your your research and make sure the location fits all your needs.

Budgeting for price and condo fees: Condo's all come with condo fees. These fees include maintenance of the structure and common elements among other things. When shopping around, not only consider the list price of the condo but also the condo fees. Speak to your mortgage Broker and have he/she pre-qualify you for what you can afford taking price and condo fees in consideration.

Parking spaces included: Often overlooked but very important. Find out how many parking spots are included with the condo. Are there restrictions for parking uses such as no commercial vehicles, extra rental fees etc.

Is the condo Pet friendly? Many condo's have pet restrictions. Some won't allow any or only a specified number of pets. Have your Realtor check into this before making any kind of offer.

Lawyer review status certificate:  When submitting your offer always insert a condition to have your lawyer review the status certificate. The purpose of status certificates is to allow potential buyers of condo units to have as much information as possible about their unit as well as the physical and fiscal situation of a building. Certificates also allow prospective owners to find out what the rules are, including whether pets are allowed.

Are you in the market for a condo? I have extensive knowledge in the Wasaga Beach, Collingwood and condo market.



Thursday, 23 March 2017

266 Golf Course Road Wasaga Beach For Sale

266 Golf Course Road, Wasaga Beach for sale- SOLD FOR ABOVE ASKING!


266 Golf Course Road Wasaga Beach

Welcome to 266 Golf Course Road Wasaga Beach. This stunning custom built home is located in one of the best locations in town. Close to shopping, schools, beach area, blueberry trails and around the corner from Marlwood golf and country club. 

Built in 2007 this home features stone facade and high quality wood siding. Home sits on a 115` X 210` double lot adjoining lot has it`s own water connection and can be sold separately or built on making this property a great investment! Main floor offers hardwood flooring, living room with gas fireplace, kitchen with upgraded granite counters and stainless appliances, laundry area, 2 piece bathroom. 

The upper level: hardwood floors, 3 bedrooms, 2 bathrooms and an office. Spacious Master bedroom features a 3 piece en-suite. Partially finished basement has a family room and 2 piece bathroom. Additional features include large deck overlooking backyard, air exchanger, central air and over sized double car garage. Listing Rep is related to seller.

Asking $449,000




Andrew Weaver
Sales Representative
705-331-2374





Saturday, 18 March 2017

Wasaga Beach Real Estate Market Update March 12th to March 19th 2017



The following is a recap for the week of March 12th to March 19th 2017. There were a total of 17 new listings and 13 sold listings for this reporting period for town Wasaga Beach. This information was obtained from the Southern Georgian Bay association of REALTORS®.

New Listings


Single Family Residential- 15

Single Family Residential on leased land- 1

Condo- 1

Sold Listings


Single Family Residential- 8

Single Family Residential on leased land- 2

Condo- 3



2 properties sold for over $20,000 above asking price for this reporting week.











To check out local real estate listings in Wasaga Beach and surrounding areas please visit my website at andrewweaver.ca.

Saturday, 11 March 2017

Wasaga Beach Real Estate Market Update March 5th to March 11th 2017

wasaga beach market update


Wasaga Beach Real Estate Market Update March 5th to March 11th 2017

We continue to see very low inventory in Wasaga Beach causing multiple offers and homes selling for above asking price. The experts say there is no signs of any slow down. Home buyers are feeling very frustrated these days losing out on multiple bids. The following outlines real estate activity in Wasaga Beach from March 5th to March 11th 2017.

New Listings


Single family- 16

Single family on leased land- 2

Condos- 1

Sold properties


Single family- 11

Single family on leased land- 0

Condo- 1

The breakdown


As you can see there were 19 new listings compared to 12 homes sold. This calculates to 63% sale to listing ratio which is quite high. In a balanced market a sale to list ratio would be 50%.  The biggest mover this week went to 28 68th Street North listed at $299,000 and selling for $350,000. 

The biggest mover goes to:


28 68th Street North
28 68th Street North, Wasaga Beach









To check out local real estate listings in Wasaga Beach and surrounding areas please visit my website at andrewweaver.ca.








Tuesday, 7 March 2017

Things to Consider When Buying Rural Property

Things to Consider When Buying Rural Property

Home Buyers of today are very resilient and are starting to think outside of the box. Today's cities and towns are getting too busy and becoming less affordable for many home buyers. Home buyers are starting to consider buying rural property more now than ever. The following blog will outline what to expect when buying a rural property.

Access to amenities

The first thing to consider is how far from from amenities are you willing to be. Amenities such as stores, schools, hospitals, doctors etc. Living out in the country will mean no access to local transit so you will be relying heavily on your car. I recommend testing out distances for yourself as one of the initial stages of your rural property search. Contact the local school board and also find out about school bus schedules and distances from the nearest school.

Do your research

In research I mean check with your agent, seller, municipality on any future developments. These could include gravel pits( dump trucks,noise) chicken farms(unpleasant odour) lots that's that have applied to be subdivided.  Do your due diligence and confirm there is nothing that may affect your standard of living or resale value.

Property Maintenance

Rural lot sizes aren't like your typical city/town size. You won't be seeing any postage stamp lots like 50' x 100' in the country. Most likely you'll be looking at at least an acre or more. With this comes more time consuming maintenance of the grounds. Make sure to factor in costs of lawn tractors, snow blowers and any other maintenance equipment you may need.

Resale of a rural property

When coming to sell your home in the future you may have a harder time. The buyer pool for rural buyers compared to city buyers is much smaller so allow for at least 3 months for a successful sale. Some of the comforts offered to city dwellers still aren't available to rural residents. Reliable high speed internet is one of these issues. Xplornet offers rural high speed but comes at higher cost and is not as fast. Heating costs also is an issue as natural gas availability is scarce in rural areas. With hydro rates as high as they are especially in Ontario be sure to check the heat source and ask the seller to supply all utility bills before making any offer.




To check out local real estate listings in Wasaga Beach and surrounding areas please visit my website at andrewweaver.ca.

Saturday, 4 March 2017

Wasaga Beach Real Estate Market Update 02-26-2017 to 03-04-2017

wasaga beach real estate market update

We continue to see a very strong sellers market in Wasaga Beach, and there appears to be no end in sight. If you are contemplating selling your home there is no better time than now.

What's the cause? Extremely low inventory, low supply and high demand is causing homes to be sold near, at or above asking price. Here are the following market stats for Wasaga Beach (February 26 2017- March 4 2017.)

New Listings

Condo- 2

Single family- 9

Single family on leased land- 2

Sold

Condo- 0

Single family- 10

Single family on leased land- 3

The Break Down


4 homes sold at or above asking price during this time period. The biggest mover went to 37 30th Street North that sold for $12,100 over asking price. We didn't see any condos reported as sold during this time period but several were reported as conditionally sold.





To check out local real estate listings in Wasaga Beach and surrounding areas please visit my website at andrewweaver.ca.

Andrew Weaver
Sales Representative
Coldwell Banker Ronan Realty
705-331-2374












Thursday, 2 March 2017

Tips on Buying an Investment Property

tips on buying an investment property


With the stock market being as volatile as it is and banks paying next to no interest on your money more investors are turning to Real Estate to invest their hard earned money. Many of the World's wealthy got their start with investing in real estate, you may not become the Donald Trump overnight but becoming financially stable is attainable. Follow these useful tips to start your journey to financial freedom.

Financing your investment

financing your investment


Financing your investment will be the first step in the process. Speak to your a mortgage broker and get pre-qualified. Depending on your financial situation liquidating of assets may be necessary to first get your feet wet in the investment game.

Work with an expert

work with an expert



When it comes to working with a REALTOR® the one size fits all doesn't apply especially when shopping for investment properties. Make sure to choose a Realtor® with extensive knowledge of the area regarding commercial and investment properties. Interview several agents and also ask for references from past client's. Some agents specialize in just this type of property.

Choosing the right investment property

choosing the right investment property

Once you are qualified and have good a idea on what you can afford, deciding on the type of property will be your next step. Investment properties include a wide range of choices including:

Single home- Start with with something affordable in a location that yields excellent rental rates. Research growth and market appreciation for the last 5 years. Try to predict future trends.

Multiplex homes- These often include duplex, triplex etc.These offer tremendous income potential and an excellent ROI. Make sure to check local zoning by-laws before purchasing to confirm they are in fact of legal use.

Motel- This type of property is much more involved. You would need to decide if "you" will run the motel yourself of hire a property manager. Location is also very important.Will the motel be located in a high traffic area or near a highway? Will it be in a seasonal resort town or city? 

Commercial plaza's or malls- you probably wouldn't jump into owning one of these properties until you've had some investment property experience. Commercial rentals offer more risk such as business's closing and possible high vacancy levels.

These are some of the more popular investment options but the list also includes laundromats,  car wash stations,gas stations, warehousing an so on.

Location is everything

location is everything

We've heard it a thousand times location,location, location! Well with choosing the right investment property location will be the key to your success.What are the current vacancy rates? unemployment rates?  Investing out of town, State or Province to find the right property may be necessary.

Don't just stop at one

The goal with any investor is to own as many investment properties as possible. With the success of your first investment use this as leverage to buy a second one and keep going. With perseverance and using the right tools you'll be on your way to success as an real estate investor.

To check out local real estate listings in Wasaga Beach and surrounding areas please visit my website at andrewweaver.ca.

Andrew Weaver
Sales Representative
Coldwell Banker Ronan Realty
705-331-2374












Saturday, 25 February 2017

Selling a House During Divorce

selling a house during divorce




Selling a house during divorce and what to expect

One of the joys of my career is working with first time home buyers which often includes newlyweds. Finding them their first or second home is a very rewarding feeling. Recently I was contacted by a past client who advised me that he and his wife were getting a divorce and needed to sell their home. This is one of the unfortunate situations that can arise but is an unavoidable truth.

When neither spouse wants to stay in the house or they can't afford to buy the other spouse out then selling the house is the best solution. 

Choosing a REALTOR®


Choosing a Realtor® will be the first step. You may want to use the Realtor® you bought your house through. Make sure to pick a Realtor® who will be unbiased in the sale of your home and who won't choose sides. Listing your house at a fair market value will be beneficial and will help you get a quick sale at the best price. Make sure the agent does a comprehensive comparative market analysis (CMA) This entails selecting at least 3 recent sales and 3 active listings comparable to your house and preferably in your neighbourhood. This is the best way to come to establish a fair listing price in the current market.

Deciding on a fair asking price

After reviewing the CMA with your Realtor® and making adjustments for upgrades, location and other factors it is time to set the correct asking price. Statistics show that homes listed too high will sit on the market longer and end up selling for less. Hit the market at the right price to relieve any further stress and have a successful sale.

Prepare your house for the market

This is where choosing the right professional for the job is very important. Marketing your home right will get you the most money in the shortest amount of time. To help our clients get the most money we offer extensive marketing including professional photos, home staging, open houses, HD video tours, social media marketing and more. Make sure your agent is up to date on all the current marketing available for todays market.



The offer!

With your house priced right and professionally marketed, inevitably an offer will be received. Both of you will have to work together and come to a decision on the final selling price. Yield your Agents advice at this time in negotiating an acceptable offer.

The settling of money


Outstanding mortgages, liens and commissions will be deducted from the sale price on completion. One spouse may have been making mortgage payments during the post separation. This will have to be adjusted on closing to that spouse. This will be left to the lawyers and judge to decide.


Andrew Weaver is a sales representative for Coldwell Banker in Wasaga Beach. 

Direct- 705-331-2374














Tuesday, 21 February 2017

Wasaga Beach Health and Fitness Gyms

wasaga beach health and fitness gyms




When I first decided to write my blog one of my biggest concerns was and still is coming up with different topics to write about. My main blog focus is to write about everything real estate in the Wasaga Beach area. I often get asked by my client's about the local gyms. Keeping fit and healthy is very important to people and knowing where the local gyms are is one of the deciding factors on where they will be buying their future home.

Fast food is my weakness

Selling Real Estate is a great career and I have no regrets becoming a REALTOR®. Helping my client's on their home ownership journey is very rewarding.One of the downsides with this career is there are no set hours, often working late into the evenings is the norm. This is where fast food rears it's head. It's quick,easy and taste so good and is usually cheaper than eating healthy.
One of the very first things I did to stay healthy and lose weight was limit my fast food intake. I would either pack a sandwich or a protein shake for on the go.

Dieting alone isn't enough

I have struggled with my weight ever since I turned 30. I have read countless articles on weight loss and even tried gimmicky diet fads. Most of the trusted articles I have read state losing weight is 80% diet and 20% exercise. This may be true for most but wasn't entirely true for me. I lost some weight but I found I was constantly hungry. I then decided to join a gym. We have 2 gyms in Wasaga Beach. The YMCA and Anytime Fitness. The YMCA is a great facility offering a large exercise/weight room,pool, locker room and showers. Anytime fitness offers large weight/exercise room and private showers but no lockers and is accessible 24 hours/day and you can use any facility across the county.Due to my hectic schedule I decided to join Anytime fitness and am very pleased I did. The manager Greg is very helpful and they have several personal trainers staffed if needed.

Conclusion

I've been at it now for about 2 month and have lost about 10 lbs and have noticeably more muscle tone. I am very pleased with my results. I know it's not an overnight venture and takes time but I am in it for the long haul :)

"Thinking about buying or selling?"

Andrew Weaver
Sales Representative
Coldwell Banker Ronan Realty
705-331-2374
andrewweaver.ca

















Friday, 17 February 2017

Wasaga Beach Population Reaches New Heights

Wasaga Beach population reaches new high
Photo courtesy of Simcoe.com

This Ain't no small town no more

When my family moved up to Wasaga Beach when I was 18 the population back then was below approximately 7,000. My how things have changed. Wasaga Beach has steadily grown over the years being the fastest growing town in Canada on several occasions. This comes as no surprise considering the towns close proximity to the GTA. Wasaga Beach offers so much for residents. Featuring the longest freshwater beach in World, cross country skiing and hiking trails, 20 minutes from Blue Mountain down hill ski hills and much more.

Housing shortage may stall population growth

There is currently a housing shortage in Wasaga Beach including all surrounding towns. The GTA is much too expensive so home buyers and retirees are looking north to buy their first home. Unfortunately we are seeing low new home construction and resale homes. We have been in a Sellers market for well over a year now and we aren't seeing this changing anytime soon. In my opinion this will stall the towns population growth unless new development begins soon.

New high school needed more than ever

With the new population being announced perhaps this will put the pressure on the Simcoe County school Board to approve a much needed high school for Wasaga Beach. Currently students are bused to neighboring towns of Collingwood and Stayner. Often home buyers will look to towns that offer high school for their children also affecting future growth.

Andrew Weaver is a full time Realtor® serving Wasaga Beach and all surrounding areas.
Direct-705-331-2374

andrewweaver.ca



Andrew Weaver REALTOR

Andrew Weaver service with integrity






Coldwell Banker Ronan Realty

Coldwell Banker Ronan Realty
 
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