2006 vs. 2016 - Who Knew?

By: Michelle Makos

2006 vs. 2016 - Who Knew?

Tags: House Prices in Toronto, 2006 vs 2016, Housing Market, Investing in Real Estate, Michelle Makos, Toronto Home Prices, Selling Your Home

Well there you have it my friends !!   Anyone who bought in 2006 is in a good position as far as real estate.  The increase is 264% increase... Talk about crazy ! So can this continue into 2017... we will have to wait and see but TD Bank has increased their mortgage rates and I am sure more will follow.  Something has to slow this down.. if you are thinking of selling, now is the...Read More

High Ratio Mortgages and Financing - What Buyers Need to Know

By: Michelle Makos

High Ratio Mortgages and Financing - What Buyers Need to Know

Tags: Credit Scores, New High Ratio Mortgages, Financing Your Home, New Rules in Mortgages, Real Estate, Michelle Makos

Hi Everyone, Since all the new rules for financing have changed, I thought I would give you a quick outline of how a high ratio mortgage would work and what you need to qualify. First of all, at least one borrower must have a minimum credit score of 600.  Your credit history must be good with established credit history, reasonable monthly payments and amount of debt vs income, # of credit c...Read More

THE UGLY SIDE OF REAL ESTATE

By: Michelle Makos

THE UGLY SIDE OF REAL ESTATE

Tags: real estate, open houses, double ending, CBC marketplace, RECO, ethics, Michelle Makos, Homes for sale in Pickering, Real estate marketplace, bidding wars, multiple representation,

®   THE UGLY SIDE OF REAL ESTATE   Posted above is the excerpt from the recent CBC Marketplace episode which aired Friday November 4th.    Not only was I shocked to see such actions but truly disheartened.  Most of the agents I work with are true professionals and work very hard for their clients.   I personally have NEVER double ended a deal.  These...Read More

October 2016 Market Watch

By: Michelle Makos

October 2016 Market Watch

Tags: Market conditions in Pickering, Home stats, Market Prices, Michelle Makos, Selling Your Home, home sales, sales growth, real estate, durham home sales, durham housing stats

  October Market Watch is Here ! from Michelle Makos   No surprises here ! October Average Prices for a detached home  Ajax $713,929 - Pickering $793,507 - Oshawa - $509,701 - Whitby $724,268 - Aurora $1,212,402 - Oakville $1,311,536 - Mississauga $1,009,971 - Richmond Hill $1,531,618 -  Same Time last year  October 2015 TREB stats and Pickering average deta...Read More

Get Ready... On Your Mark.... Get Set .... GO !

By: Michelle Makos

Get Ready... On Your Mark.... Get Set .... GO !

Tags: Market update, time to sell, what to do as far as buying, when is best time to list my home, Pickering Homes, Michelle Makos, Fall Market, Real Estate what is happening

Well here we are, .. last few weeks of August and I am sure you are seeing articles about market is slowing down, CREA (Canadian Real Estate Association) announcing less sales in July, blah blah blah.... Well if there is one thing I know for sure ... it is this !   The real estate market will NOT slow down in September and October... they are essentially our second busiest time of the year. &...Read More

WHAT BUYERS NEED TO KNOW

By: Michelle Makos

WHAT BUYERS NEED TO KNOW

Tags: buying a home, buyer representation, what buyers need to read, buying real estate, Pickering realtor, duties of your agent, what your real estate does for you

Hello my house hunting friends ! I cannot tell you how many times in an Open House I am approached by buyers who want to work with me to buy the house.... Let me make this perfectly clear to my website followers and friends.... THE LISTING AGENT WORKS FOR THE SELLER !   You are best represented by having an agent who is not the Listing Agent (such as myself) :) assist you in the purchase of ...Read More

By: Michelle Makos

June 2016 - Durham Average Home Selling Prices Continue To Rise

Tags: Durham House Prices, Whitby Home Prices Surpass Ajax, June 2016 Average Durham Home Price, Michelle Makos, Selling Your Home, Home Evaluation

Check out the average selling price for a home in Durham Region.  Month to month we see steady increases.   Multiple offers still the norm and now with the Feds saying they are going to increase downpayments from 5% to 10% hoping to slow it down - I don't think that will work.   Many foreign investors are buying with more than 10% down regardless.  Who all this is hurting, ...Read More

It's the Wild Wild West Out There

By: Michelle Makos

It's the Wild Wild West Out There

Tags: bidding wars, multiple offers, crazy prices, Whitby, Pickering, Ajax homes, first time buyers, trusting your realtor, real estate wars

I have to say the market is going full steam ahead.   Was in multiples last night again for a client.  Once again we did not improve high enough to win BUT at some point, integrity has to prevail.   How much is too much ???   I seems to me the prices are moving way too high, too fast. People say Realtors are making a killing this year.  Well as a partner in a brokerage w...Read More

Pickering Home Prices Have Doubled Since 2006

By: Michelle Makos

Pickering Home Prices Have Doubled Since 2006

Tags: Pickering House Prices, Pickering Homes, Pickering Market Value, Selling Your Pickering Homes, Pickering real estate investing

If you bought a home in Pickering in Pickering and still own it, you have just won the lottery !   Prices of homes in Pickering have doubled since 2006...   April 2006 Pickering Sold Summary     Compared to the sold stats from April same time 2016   April 2016 Pickering Sold Summary     You can see an average ...Read More

By: Michelle Makos

Durham Region Average Selling Prices

Tags: Durham region average Selling Prices, Average Homes sale prices for Durham Region, Homes in Durham Region House Prices, Market stats for Durham Region for March 2016

The average home selling price in Durham Region has increased 13.8 percent from the same time last year.  Homes are selling in record time and at record prices.  This chart was released by the Durham Real Estate Board showing average home selling prices from March 2016. Thinking of selling your home, please call for an in home evaluation.  I would love to meet with you and show y...Read More