Peterborough, ON Real Estate News

By Constantine Isslamow, "Training and Accountability"
(Century 21 United Realty Inc. )
GET THE MORTGAGE THAT MEETS YOUR NEEDSWith unbiased advice, fast, flexible service, competitive rates, and access to many lending sources, I can make sure you get the mortgage that meets YOUR needs.  Call me today and SAVE! Interest RatesPosted Rate    Term         Our Rates*4.40%            1 Year           2.54%4.75%            3 Years         2.90%5.59%            5 Years         3.79%6.90%          10 Years         5.49%2.75%           Variable        2.10% OAC. Certain conditions may apply.  Rate subject to borrower and property qualification.  Posted rate is the rate offered by the majority of Canadian financial institutions.  Rates may vary provincially and are subject to change without notice. Independently owned and operated.
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By Constantine Isslamow, "Training and Accountability"
(Century 21 United Realty Inc. )
A new survey by CB Richards Ellis shows that investment in commercial real estate in Canada is strong – despite media reports of an opposite trend in residential real estate.According to the CBRE report, commercial deals done in the first half of 2010 totalled $7.8 billion as opposed to $4.9 billion for the same period in 2009 – a 60 percent increase. Because last year’s sales were hampered by the effects of the recession, surveyors also compared sales to 2005, which was a more typical year of activity; deals this year still outdid that period by 22.8 percent.Toronto recorded the highest activity, followed by Vancouver, Montreal and Calgary. According to a CBRE spokesperson, this is a rare year when commercial sales transactions are up across all major cities.Interestingly, foreign inv...
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By Constantine Isslamow, "Training and Accountability"
(Century 21 United Realty Inc. )
How much are you going to invest in your business for the remaining year? Your first consideration is "How much did you invest in your real estate business last year and what was your return on your investment (ROI?)  Secondly, what were the dollars that produced "results"!  Start making a list of your activities, dollars spent and what were the results! Here is your measuring stick and rules:•    You must constantly be measuring because you can't manage what you don't measure.•    Look at your past expenses and determine if you received a favourable return on the investments in your business.•    Simply focus dollars in the areas that generate a result.•    A rule of thumb for marketing dollars:  You should invest between 10 - 15% of your gross income  in marketing dollars. I've seen ...
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By Constantine Isslamow, "Training and Accountability"
(Century 21 United Realty Inc. )
Action steps to accomplish your Business PlanLet's not make this a complicated process, the only magic pill is not reinventing what you do, just make a decision to some specific action steps and be consistent.Start by sticking with what has been successful in the past, what has worked before and make sure that you're consistent.  Interesting, it really isn't that complicated a process but a little coaching and mentoring sure helps.So, what does a balanced plan of attack look like?    * A consistent marketing plan    * A consistent prospecting plan    * A consistent internet strategy    * A database management system    * An ongoing farming strategy    * A robust referral systemYou're running a business; you need to project your expenses along with revenues.  Your next tip will focus on...
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By Constantine Isslamow, "Training and Accountability"
(Century 21 United Realty Inc. )
Ending a week of anticipation among anti-HST campaigners in British Columbia, a B.C. Supreme Court judge ruled today that the anti-HST petition led by former Premier Bill Vander Zalm is constitutionally valid. The petition is inked with more than 700,000 voter signatures.The debate for and against the HST, or harmonized sales tax, continues to rage in the province. The tax is unpopular among restaurant groups and real estate industry organizations, whose customers will feel the brunt of added tax on goods and services.  For example, buyers of new homes over $400,000 in Ontario and $525,000 in B.C. are now subject to more tax on the already high costs of properties in metropolitan centres such as Vancouver and Toronto. Already having to defend themselves against the federal competition ...
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By Constantine Isslamow, "Training and Accountability"
(Century 21 United Realty Inc. )
CTV is reporting a thirty percent sales drop in the Canadian housing market, skewed sharply by B.C. and Ontario. The Canadian Real Estate Association attributes this partly to a rush by home buyers to beat the implementation of HST in these provinces on July 1.  The HST will likely hurt builders of new homes, especially in higher-end markets like Vancouver and Toronto; but it does not affect resale homes, nor will it add significantly to the cost of a new home under $400,000 in Ontario or $525,000 in B.C. Added purchase costs will, however, come to buyers in the form of HST on services related to the purchase of new and resale homes. Taxes on real estate commissions are borne by home sellers.  This may be good news if you are on the hunt for your first mortgage.Increased housing invent...
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By Constantine Isslamow, "Training and Accountability"
(Century 21 United Realty Inc. )
Do You Know the Sources of Your Business? There are two sources that generate business, human resource or activities and financial resources or dollars you spend to generate business.  You must give thought to "Why and What Benefits would it be to me, to source my business? Look at every transaction that closed in the last 12 months and determine the source of each transaction. •    How many transactions came from an ad call? •    How man transactions came from the internet? •    How many transactions came from open house? •    How many transactions came from referrals? •    How many transactions came from social media? By the way, these are just a few of the examples of what you need to explore in sourcing your business. Incidentally, in the course of sourcing there were activities an...
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By Constantine Isslamow, "Training and Accountability"
(Century 21 United Realty Inc. )
WHAT IS YOUR CURRENT PRODUCTION?To consider a Top Notch Business Plan you need a baseline and statistical information to start the process.  Here are some of the tough questions relevant to begin the process.    * How many transactions are you going to close?    * What is your average sales price going to be?    * What is your totals sales volume going to be?    * What is your average commission percentage per transaction?    * What is your gross commission income going to be (before commission split)?    * How many buyer closings will you have?    * How many seller closings will you have?Work with your Broker if you need help you with your projections and any other facets of your plan!Your next coaching tip I will discuss sources of your business.
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By Constantine Isslamow, "Training and Accountability"
(Century 21 United Realty Inc. )
YOUR BUSINESS PLANI'm sure you would agree that productivity is never an accident!  Wouldn't you agree that it's usually the result of a commitment to excellence, through intelligent planning and focused effort?  Here are just some of the thoughts you can use in as your planning objectives.    *  Do you have a written Business Plan in place?    *  How many transactions are you going to close this year?    *  What is your average sales price going to be?    *  What is your average commission percentage per transaction?    *  What is your buyer to seller ratio going to be?    *  What kind of expenses are you going to have?Why not separate yourself from the competition and get a business plan in place.  Your next coaching tip, I will discuss production goals.
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By Constantine Isslamow, "Training and Accountability"
(Century 21 United Realty Inc. )
  GET THE MORTGAGE THAT MEETS YOUR NEEDSWith unbiased advice, fast, flexible service, competitive rates, and access to many lending sources, I can make sure you get the mortgage that meets YOUR needs.  Call me today and SAVE!  Interest RatesPosted Rate    Term    Our Rates*4.35%    1 Year         2.54%4.20%    2 Years        3.65%4.65%    3 Years        2.90%5.59%    4 Years        4.44%5.69%    5 Years        3.98%6.85%    7 Years        5.55%6.90%    10 Years      5.49%2.75%    Variable      2.15% OAC. Certain conditions may apply.  Rate subject to borrower and property qualification.  Posted rate is the rate offered by the majority of Canadian financial institutions.  Rates may vary provincially and are subject to change without notice. Independently owned and operated.
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By Constantine Isslamow, "Training and Accountability"
(Century 21 United Realty Inc. )
To determine 'affordability' you will first need to know your taxable income along with the amount of any debt outstanding and the monthly payments. Assuming it is your principal residence you are purchasing, calculate 32% of your income for use toward a mortgage payment, property taxes and heating costs. If applicable, half of the estimated monthly condominium maintenance fees will also be included in this calculation.Second, calculate 40% of your taxable income and deduct all of your monthly debt payments, including car loans, credit cards, lines of credit payments. The lesser of the first or second calculation will be used to help determine how much of your income may be used towards housing related payments, including your mortgage payment. These calculations are based on lenders' ...
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By Constantine Isslamow, "Training and Accountability"
(Century 21 United Realty Inc. )
Most buyers today require some form of financing to purchase. This means an appraiser will beinvolved. Banks can only finance the Appraised Value or the Offer Value, whichever is the lesser of the two. The appraisal method of determining value for residential real estate is customarily the ComparisonApproach. Appraisers use the same database of information as realtors to determine property values. The following information drawn from the MLS database will guide you in making an educateddecision on the LISTING PRICE of your home. An appraiser determines value based on WHAT BUYERS ARE WILLING TO PAY for propertiescomparable to yours in today's marketplace.
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By Constantine Isslamow, "Training and Accountability"
(Century 21 United Realty Inc. )
Buyers have so many choices these days. But after narrowing down the location and selecting the type of home you want to purchase (single-family or condo) , there’s one more decision to make: Should you buy a new home or an existing one?The answer depends upon both your budget and lifestyle.Open up your local newspaper on any given day, and you’re likely to see ads from builders touting concessions such as free closing costs, upgraded cabinets and floorings, or options thrown in that can be worth thousands of dollars. The ads are enticing, and bargains can be had. But purchasing a new home is a major investment in time, as well as money. You’ll have to start decorating from square one, with paint and window treatments. You may need to install carpet. And if you’re looking for lush land...
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By Constantine Isslamow, "Training and Accountability"
(Century 21 United Realty Inc. )
3.    PKAR Sales Comparison for the month of July 2010.a.    Really no big surprise here.  We speculated that with the introduction of the HST on July 1, there would be a slight slow down in business and this did happen.  Unit sales of 277 was the slowest in the past 8 years.  b.    Volume is fairly strong with just under $73,000,000. In fact it was the 3 best month in volume over the past 8 years.c.    I believe that we should see a turn around. As Canadians we seem to always embrace change a little slow but quickly forget the additional taxes we are faced with.  Consumer confidence is still very strong across the county and interest rates continued to be among the lowest ever.  The Fall season should be fairly strong, but not record breaking.
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By Constantine Isslamow, "Training and Accountability"
(Century 21 United Realty Inc. )
  2.    Sales Graph as of July 31, 2010 along with average days and sale to list%a.    The number 1 Sales fall between $200,000-$219,999 with 185 unitsb.    Second hottest price point falls between $160,000-$179,999 with 160 unitsc.    Third place is between $220,00$239,999d.    Fourth place is between $180,000-$199,999e.    Sales between $160,000 - $239,999 represent 47.5% of all sales between $0-$499,999,  If your looking for open houses, you should be where the business is.  For those newly in the business target your marketing and open houses in this range.  
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By Constantine Isslamow, "Training and Accountability"
(Century 21 United Realty Inc. )
With the fall season approaching, many Canadians will be preparing their backyards for winter. From raking fall leaves to preparing soil beds for the next planting season, there are lots of great opportunities to get out and enjoy the last bit of sunshine.While you are out in the yard this fall, why not take some time to also make your home a little safer for you and your family?Measure your yard for potential dangers    * Are your steps and sidewalks clear, and free from toys and tools?    * Is your yard free from glass, nails, yard tools and any other sharp items?    * Do you check play equipment and lawn furniture for safe use?    * Are clotheslines strung high – so no one will walk into them?    * Do gardeners wear protective clothing?    * Does the person using the power mower wea...
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By Constantine Isslamow, "Training and Accountability"
(Century 21 United Realty Inc. )
CLICK HERE to view this and other listings $289,900 THIS BEAUTIFUL 2+2 BEDROOM BRICK BUNGALOW HAS A DOUBLE PAVED DRIVEWAY AND DOUBLE GARAGE. IT IS LOCATED ON A PEACEFUL DEAD END STREET. THE MAIN FLOOR HAS STUNNING HARDWOOD FLOORS AND LARGE WINDOWS THAT LET IN A GREAT DEAL OF SUNLIGHT FOR A BRIGHT AIRY FEEL. THE ROOMY KITCHEN HAS AMPLE CUPBOARDS AND A LARGE ISLAND. THIS HOME BOASTS A CAPACIOUS MASTER BEDROOM WITH ENSUITE, WITH A SECOND SIZABLE BEDROOM ON THE SAME FLOOR. IT HAS A SPACIOUS OPEN CONCEPT MAIN FLOOR WITH A WALKOUT TO A FULL COVERED DECK AND FENCED YARD, PERFECT FOR PETS AND CHILDREN. THE BASEMENT IS TASTEFULLY FINISHED WITH AN ELEGANT LOG HOME DESIGN. AN ADDITIONAL TWO BEDROOMS ARE LOCATED IN THE BASEMENT AREA, AS WELL AS A BATHROOM AND REC ROOM FOR FAMILY FUN. PLEASE CONTACT...
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By Constantine Isslamow, "Training and Accountability"
(Century 21 United Realty Inc. )
CLICK HERE to view this and other listings   $265,000 FABULOUS UPGRADED WEST END GARDEN HOME! END UNIT FEATURES 2 STOREY FOYER WITH ENTRY TO ATTACHED GARAGE. ONLY 6 YEARS OLD. GAS HEAT & CENTRAL AIR. OPEN CONCEPT LIVING WITH HARDWOOD FLOORS, MAIN FLOOR LAUNDRY, MAIN FLOOR BATH WITH WHIRLPOOL TUB, GAS FIREPLACE, BOSCH APPLIANCES ARE INCLUDED, PATIO DOORS OFF DINING AREA TO DECK. 2ND FLOOR HAS 2 BEDROOMS, 4 PC. BATH & LOFT AREA. LOWER LEVEL FEATURES LARGE FINISHED RECREATION ROOM, 3RD BEDROOM, STORAGE & BATH WITH JET SHOWER. BEAUTIFULLY LANDSCAPED BACK YARD THAT IS TOTALLY FENCED. IDEALLY LOCATED ON A HILLTOP AT THE END OF A DEAD END, CUL DE SAC.
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By Constantine Isslamow, "Training and Accountability"
(Century 21 United Realty Inc. )
CLICK HERE to veiw this and other listings. $244,900 FANTASTIC STONE BUNGALOW ON A GORGEOUS 218` DEEP LOT IN THE SOUTH END OF PETERBOROUGH OFFERS 3+1 BEDROOMS, EAT-IN KITCHEN, SPACIOUS LIVING ROOM AND 2 NEW BATHS, ONE OF WHICH INCLUDES AN OVERSIZED THERAPEUTIC TUB WITH SEPARATE SHOWER ENCLOSURE. THIS HOME HAS HAD MANY IMPROVEMENTS AND UPGRADES INCLUDING, BUT NOT LIMITED TO, A COMPLETELY NEW FOUNDATION (2001), STONE EXTERIOR (2002), INSULATION IN AND OUT (2001), ALL NEW WINDOWS (2008), FURNACE (2001), ELECTRICAL (1999), BASEMENT BEAUTIFULLY FINISHED (2004/05), BATHS UP (2008) AND DOWN (2004), A NEW 24`X24` CEDAR DECK +++. HUGE CARPORT WILL HOUSE TWO VEHICLES WITH OVERSIZED SINGLE PAVED DRIVE. IN-LAW POTENTIAL WITH SEPARATE SIDE ENTRANCE. GREAT FAMILY-ORIENTATED NEIGHBOURHOOD AND CLOSE TO...
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By Constantine Isslamow, "Training and Accountability"
(Century 21 United Realty Inc. )
When shopping for a mortgage, keep your goals and needs in mind. There are many options, and a mortgage can be customized for your own circumstances. Types of mortgages include uninsured low ratio or conventional mortgages and high ratio mortgages. Then there are a variety of features and payment options to consider. Mortgages are available on a closed or open basis, at fixed or variable rates and can have various terms generally ranging from six months to five years, but some institutions will offer seven or 10-year terms. Generally, most mortgages are amortized over 25 years.Other features and options to look for when shopping:Partial pre-payment: This allows you to make extra payments against your principal. Compound interest: This refers to the interest that’s charged on the intere...
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