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Selling Your Home in the Winter

November 12th, 2013 by freemanrealty

Yes Virginia, there is value in selling over the festive season!

You’ve thought long and hard about selling your house. You’ve had those long, late-night chats with your spouse; perhaps you’ve discussed the prospect of a new school and new friends with the kids. Maybe you’ve scoped out neighbourhoods you’d like to move into. But now it’s November and with the holidays approaching, you’ve decided it’s best to wait till spring to list your home.

Not necessarily.

In today’s energetic real estate market selling your house over the holidays can actually net you a better price for your home than during traditionally strong spring and fall markets. Let me explain. With a housing market that’s as large and as vigorous as Toronto’s, seasonal markets don’t really exist anymore. That said, there are peaks in sales, usually in May and September thanks to the number of listings that come available then. The holiday period – aka the ‘slow months’ of November, December and January – is when the number of listings drops as people turn their attention to gift buying, decorating and entertaining. But this is a great time to sell your property because demand for housing is still very high. Combine strong demand with less supply and what have you got? Higher prices. It’s simple economics.

My view may seem contrarian in that it goes against commonly held beliefs about selling over the holidays: the main one being that buyers will think the seller is desperate, which will reflect in the offers that come in. But in Toronto’s current market that notion doesn’t really fly anymore. I’ve helped clients sell during these ‘slow months’ and netted them better results than if they’d waited till spring or fall.

Here are a few tips for selling at this time of year:

Rein in the décor – Don’t overdo it. Whether you’re celebrating Christmas, Kwanzaa, Hanukkah or another faith-based holiday, prominently displayed menorahs, angels and other religious symbols can be a distraction for potential buyers. Garish displays could be considered offensive not just to aesthetic sensibilities but also to different religions and cultures.

Don’t be a Scrooge – While it may not be a good idea to play up the holidays when it comes to decorations, giving your home that cozy Christmas feeling doesn’t hurt. Play soft music, display homemade treats on a decorative tray, and keep the thermostat at a comfortable temperature. Baking muffins or a pie just before a showing isn’t a bad idea because it fills the air with a homey, comforting scent.

Proud homeowner — Try to provide spring and summer photos of your home and property so buyers can get a sense of how it looks when trees are in full bloom or when the pool is sparkling in the summer sunlight.

Let it snow – But make sure you clear it from all paths, steps, walkways and driveways.

City Favourite Halloween Haunts

October 19th, 2013 by freemanrealty

Toronto might be the city of neighbourhoods, but in October that all changes as the city makes way for

the walking dead, ghouls, witches, monsters and a startling cast of very scary characters.

If you’re aching for some macabre fun this Halloween, you’re sure to find it just around the corner this

year as Toronto salutes its dark side. Here’s a look:

 

In its ninth year, this Toronto fan favourite, kicks off at 3 p.m. from Nathan Phillips Square on October

26. The Toronto Zombie Walk, which saw 6,000 undead stagger and lurch their way along city streets

last year, includes a parade, a zombie photo booth and a stall that lets you slather on blood to better

your look. Best of all, the event is free and open to everyone.

 

If you’re the type who enjoys the classics, you’ll love this live, interactive production of the zombie

cult flick Night of the Living Dead. Playing now till October 27 at Theatre Passe Muraille is Night of the

Living Dead Live, a live-action horror romp that pits audience members against hoards of – you got it —

zombies.

 

Halloween with a healthy twist is offered up thanks to the Holland Bloorview Kids Rehabilitation

Hospital Foundation, which hosts Monster Dash Toronto, a night run in which participants get to don

costumes and raise funds for a good cause. The event, which is for all ages, takes place on October 27.

The TIFF Bell Lightbox is showing a scary line-up of classic horror films on October 31. Do you remember

the spine-tingling terror you experienced watching Dead Ringers or The Exorcist? You can recapture that

sensation all over again. Other films on tap Halloween night include The Changeling, Ginger Snaps and

Hunted and Hungry.

 

Speaking of films, how about the Toronto After Dark Film Festival, which runs at the Scotiabank Theatre

from October 17 to 25. Celluloid thrill-seekers can get their adrenaline rush thanks to this line-up of

international horror, sci-fi, fantasy and shorts.

 

Perhaps you enjoy a melody with your terror? If so, you’ll love Evil Dead: The Musical, a live

performance comedy-musical thriller that follows a group of college kids trapped in a demon-filled

cabin. Performances run from October 24 to December 22 at the Randolph Theater (formerly Bathurst

Street Theatre).

 

If audience participation is your thing, give The Rocky Horror Show a go. This live performance play,

which is based on the 1975 movie The Rocky Horror Picture Show, encourages the audience to dress

up and yell insults and quips as the performers act and sing. It’s at the Lower Ossington Theatre until

November 10.

 

Here’s wishing you a fiendishly ghoulish Halloween.

A Personal Touch

October 8th, 2013 by freemanrealty

That Randi Kwinta enjoys the personal touch shines through in practically everything she does.

As a real estate salesperson for Freeman for the past seven years, Randi delights in getting to know her clients whether they’re medical researchers, opera tenors or millwrights. If you’re fortunate enough to work with her, you’ll find yourself sharing information about your profession, your children and your hobbies and pastimes before you know it. It’s not that Randi is prying; it’s more that she has a natural curiosity about new people and experiences. That’s what gets her wheels spinning.

That people are a big part of the real estate business happens to be a good thing for Randi, who concentrates mostly on residential real estate in the Annex and downtown Toronto. Still, she has clients throughout the city and also enjoys selling condos and dabbling in rentals as well.

The mother of three “fabulous and incredible” children aged 18 to 22 likes to stay busy. Working in the housing industry allows her that in addition to a wide variety of assignments and tasks. That she can find herself one day sitting at a desk going through statistics, then heading out to her car for a meeting with potential clients then off to an open house to check out a property is the kind of variety she embraces.

“I just eat up the diversity I get from this profession,” says Randi. “There’s nothing like it.”

Ironically, Randi first hooked up with the Freemans while studying psychology at the University of Toronto in the 1980s. There, thanks to study groups and university events, she met Elden Freeman, who was studying environmental science. Twenty-five years would pass before their paths crossed again when after many years as a marketer for a corporate interior design firm, Randi decided it was time for a career change.

Once she settled on real estate, she had to think about the type of business she wanted to embody. Freeman Real Estate Ltd. with its smaller, more intimate boutique vibe, was perfect. The fact that Randi is low-maintenance, unpretentious to a fault and a hard worker who enjoys giving clients the best service she can made the fit even more appropriate.

“I knew I wanted to take care of my clients and do the very best for them,” she says. “I like it that the Freemans work really hard and that they do anything and everything for their clients.”

Randi can be reached at randi@freemanrealty.com.

Home inspections vs. SPIS

September 23rd, 2013 by freemanrealty

When you’re buying an $800,000 house, the $500 you drop on a home inspection is a relatively small price to pay to ensure that everything is as it should be.

But bear in mind that that a home inspector doesn’t have x-ray vision. So often they may miss the fact that the basement leaks during heavy downpours especially if their assessment takes place on a clear day. Let’s face it, given that the examination is based on what you can see, even the best inspector is bound to miss potential problems.

For my money, I prefer a Seller Property Information Statement. Simply put, this is a disclosure from the seller that spells out all the issues – both good and bad – that they know to happen in their home. If you think about it, doesn’t it make more sense to have someone who’s lived in the house for years disclose problems or potential problems as opposed to someone who’s looked at it for two or three hours?

The Seller Property Information Statement, otherwise known as SPIS, is optional. It’s been said buyers love them, sellers fear them and lawyers say no to them. In Canada, since the inception of the SPIS form practice in 1997, there have been over 230 court cases.

Sellers are not required to fill them out, but I encourage my clients to do so in most instances. My thinking is it protects vendors from down-the-road lawsuits if they’re being honest and forthright. After a property sells and changes hands, the SPIS protects the seller should something occur at that point that the new owner might try to pin on the seller. By filling out a SPIS it also demonstrates to buyers that the seller has integrity and nothing to hide as they are willing to disclose defects or issues.

The SPIS is a two-page document that covers questions regarding zoning, taxes and encroachments. Queries are asked about soil contamination, flooding, oil tanks and grow houses. Other questions focus on moisture problems, types of insulation and renovations or addition made to the house.

I’m not saying to disregard home inspections. But if you know houses and have bought and sold a few in your time, you can probably uncover the same that a home inspector would so save the $400 to $600 inspection fee for a rainy day.

Home inspectors are especially useful for first-time home buyers, who know little about the process. A home inspection can help calm the nerves of a buyer who has no idea what shape the roof is in, where the water shutoff is or how to replace a furnace filter.

Shawn Freeman: He’s right up your alley

September 23rd, 2013 by freemanrealty

A true love of visual arts led Shawn Freeman to pursue a career in architecture and today he’s hoping to use that passion to change neighbourhoods for the better.

The Toronto architect, who lives and works in Seaton Village, is spearheading a move that could ultimately transform how the city uses its alleys and laneways. The residents’ group he co-founded with architect and office mate Andrew Morrison is known affectionately as Victory Lane because members plan to win over city hall in their push to rezone the space behind peoples’ homes for live-work use.

The concept behind Victory Lane is quite simple. Not everyone wants to move out of the city and away from their homes, neighbours and family members as they age. But many are forced to thanks to escalating housing and living expenses and reduced incomes or limited pensions. Shawn’s plan would allow more leeway in the development of garages to generate income. A homeowner could potentially convert their garage into an apartment or perhaps a studio space that would be rented out to a photographer. The possibilities are virtually endless.

The move is motivated in part by recent vertical housing intensification taking place along Dupont and Bathurst. Homes are being overshadowed by six-storey buildings and residents are feeling a loss of privacy. Proponents of alley development believe that two to two-and-a-half storey buildings built adjacent to laneways won’t result in a loss of privacy.

Given recent studies and anecdotal evidence that indicate how much better it is for seniors to remain in their own homes as they age and Toronto’s housing density and affordability issues, his idea may just be perfectly timed. It’s also believed that laneway development would heighten the safety of the area behind people’s homes.

And while the plan is not a new concept and is used widely in pricey housing centres such as Vancouver, Shawn realizes Toronto city hall can be a tough nut to crack, although he expects Adam Vaughan, the city councillor for Seaton Village, to come on board.

A practicing architect for nearly two decades, Shawn has valuable, hands-on experience and has actually designed and built a home recently that would exemplify this concept off of a laneway behind Bathurst Street.

Shawn, whose Bathurst Street practice is just down the block from Freeman Real Estate, where his two brothers and parents own and operate an independent real estate business, lives with his wife and three school-aged children in Seaton Village, a neighbourhood he’s called home since 1992. He walks or bikes to work often toting his 70-pound Hungarian hound named Big Boy.

His architecture specialty is custom-designed homes and cottages in addition to alterations and additions to living spaces. Heritage homes are another speciality he enjoys and has done work on designated homes in Rosedale and Forest Hill.

For more about Shawn and his work visit www. shawnfreemanarchitect.com. Or if you’d like to join Victory Lane or want more information about the group, email him at Shawn.freeman@sympatico.ca.

 

photo

 

 

 

 

Home Inspections vs. SPIS

September 17th, 2013 by freemanrealty

When you’re buying an $800,000 house, the $500 you drop on a home inspection is a relatively small price to pay to ensure that everything is as it should be.

But bear in mind that that a home inspector doesn’t have x-ray vision. So often they may miss the fact that the basement leaks during heavy downpours especially if their assessment takes place on a clear day. Let’s face it, given that the examination is based on what you can see, even the best inspector is bound to miss potential problems.

For my money, I prefer a Seller Property Information Statement. Simply put, this is a disclosure from the seller that spells out all the issues – both good and bad – that they know to happen in their home. If you think about it, doesn’t it make more sense to have someone who’s lived in the house for years disclose problems or potential problems as opposed to someone who’s looked at it for two or three hours?

The Seller Property Information Statement, otherwise known as SPIS, is optional. It’s been said buyers love them, sellers fear them and lawyers say no to them. In Canada, since the inception of the SPIS form practice in 1997, there have been over 230 court cases.

Sellers are not required to fill them out, but I encourage my clients to do so in most instances. My thinking is it protects vendors from down-the-road lawsuits if they’re being honest and forthright. After a property sells and changes hands, the SPIS protects the seller should something occur at that point that the new owner might try to pin on the seller. By filling out a SPIS it also demonstrates to buyers that the seller has integrity and nothing to hide as they are willing to disclose defects or issues.

The SPIS is a two-page document that covers questions regarding zoning, taxes and encroachments. Queries are asked about soil contamination, flooding, oil tanks and grow houses. Other questions focus on moisture problems, types of insulation and renovations or addition made to the house.

I’m not saying to disregard home inspections. But if you know houses and have bought and sold a few in your time, you can probably uncover the same that a home inspector would so save the $400 to $600 inspection fee for a rainy day.

Home inspectors are especially useful for first-time home buyers, who know little about the process. A home inspection can help calm the nerves of a buyer who has no idea what shape the roof is in, where the water shutoff is or how to replace a furnace filter.

Experience a Taste of Your City

September 11th, 2013 by freemanrealty

In a city that serves up some of the best food in the country why would it not also deliver when it comes to events that honour the diverse cultural mosaic we call Toronto? It could be argued that that the city’s top notch culinary scene would not be so fabulously flavourful without the ethnic groups that keep it going.

With that in mind, why not consider a visit to some of the finest outdoor celebrations that pay tribute to our diversity. September and October are prime festival-going months with neighbourhoods taking turns as they present a head-turning, sensory surplus of food, music, arts and culture.

Let’s begin our tour:

The Ukrainian Festival is a lot more than cabbage rolls and borsht.  Marking its 17th year along Bloor Street West, the event plays host to top Ukrainian artists and performers in addition to Ukrainian dance companies, bands and visual arts. Attracting more than 500,000 visitors, the festival runs September 13 to 15.

Not be outdone,  the Roncesvalles Polish Festival stages its eighth annual event September 14 and 15 and features the ‘Dance Under the Stars’ polka party on Saturday. Kielbasa, anyone?

If South American and the Caribbean is more your thing, you won’t want to miss the Pan American Food Festival September 20 to 22. This free event takes place at Harbourfront Centre. Don’t miss culinary historian Maricel Presilla, one of the world’s leading authorities on the Latin American kitchen.

Industry awards as well as fare from about 50 food truck vendors will be on hand at the second annual Food Truck Festival on September 21. The nosh fest at Fort York runs from 2 to 8 p.m. at 100 Garrison Road.

What’s a Sweets and Treats Festival without a midway, a beer and wine garden and various buskers performing their melodies throughout the September 21 and 22 events? Starting each day at noon at Sugar Beach, this inaugural party invites you to indulge your sweet tooth in support of the SickKids Foundation.

Ever wondered why garlic is so good for you? Head down to the Toronto Garlic Festival on September 22 to find out why. Chefs, garlic experts, farmers will be on hand at the Evergreen Brick Works from 9 a.m. to 5 p.m.

The Toronto Chocolate Festival rolls out its three-week long, city-wide event October 12 in which chocolatiers, pastry shops and restaurants gear up to please chocolate-loving palettes. The King Edward Hotel offers a high tea with chocolates and chocolate pastries during the festival. Its signature event is the 8th annual Chocolate Ball on October 17 at the Eglinton Grand.

City Life For Empty Nesters

September 11th, 2013 by freemanrealty

As an empty nester, new housing options open up to you like never before.

And while some will stay in the suburbs right into old age, many will abandon their mega houses, mega lawns and mega bills for smaller, lower-maintenance digs in hip and trendy city neighbourhoods.

That trend appears to be well on its way. According to census data from Statistics Canada, the country’s metropolitan areas grew by almost eight per cent since the previous census.

While you may need to forfeit certain features such as space and property to live in the city, the benefits you gain more than outweigh your losses. Besides, when you think about all the time you spend on the maintenance and care of your sprawling suburban house and property, don’t you find yourself thinking surely there’s more to life than this?

The benefits to city living are vast and varied. You’ll be able to give up that second car as you walk your neighbourhood or turn to the comprehensive transportation grid offered by streetcars, buses and subways. Are you into obscure post-modern art? You’ll find it in Toronto. Maybe theatre is your thing? Again, your options are greater in the city. Do you get your kicks from social activism or delving into community causes? There are plenty to choose from in the city. Heck, if quieter pastimes such as bird watching or yoga in the park appeal, there are plenty of spaces in which to indulge your Zen side. If gastronomy is more your thing, there are literally thousands of restaurants, snack bars and coffee shops in which to taste the latest culinary craze or ethnic food trend.

The opportunities to be a part of your surroundings are virtually limitless. And if you’re still working, as many Canadians are postponing retirement, you’re probably closer to the office than you were in the ‘burbs. You may also be physically closer to your grown children, many of whom have recently launched their own careers in the city.

Condo living may be the perfect antidote to decades of high-maintenance suburban living. In Toronto and Vancouver there are plenty to choose from. But if condos strike you as too restrictive, small or fee-laden, there are numerous options available. Smaller bungalows, semi-detached homes and townhouses are perfect for the empty nester who wants outdoor space but less of it.

Change rarely comes easily. And moving to the city may take some adjustment after decades in the relative peace and quiet of the suburbs. But I’m guessing the odds are you won’t look back.

 

Is Condo Living Right for You?

September 11th, 2013 by freemanrealty

It’s a tough call. You’ve never lived beyond the second floor of your bedroom so how are you supposed to know if you’ll like higher altitudes.

300-interior

Perhaps you’re a single mother who’s married to a job that demands quick turnaround and flexibility. Or maybe you are a soon-to-retire social activist who enjoys the prospect of living downtown near the causes, projects and people you support. You might be a newly married couple, who is hoping to break into the housing market but wants to maintain digs downtown near your jobs and friends. Any which way, you’re all storybook condo dwellers.

Being close to restaurants, bars, museums, public transportation and your job are big pluses of condo living. So is their often affordable price point.

But if privacy and independence are big issues you might want to think long and hard about buying

a condo. Neighbours are close by and some have turned complaining about their neighbours’ itty-bitty infractions into a sport. There’s a level of small-mindedness among some condo residents that you either have to swallow or learn to tolerate.

Condo living can be difficult for people who don’t like rules and who are accustomed to doing what they want when they want to. Residents, for example, can’t simply park where they feel like parking or plant shrubs where they think they’ll look attractive. You need to have respect for your neighbours because you’re in closer proximity to them.

Be sure to check the condo’s financial situation. Pay attention to contingency funds for emergencies and make sure the complex or building is insured for replacement value. Talk to people who live in the condo and ask them probing questions about what it’s like to live there.

If you’re still not certain, consider this fun and, by no means official, condo quiz:

1. My privacy is:

___ Insignificant.
___ Somewhat important to me.
___ So critical I used to be a hermit.

2. Amenities such as swimming pools and tennis courts are:

___ What I dream about.
___ Not that important to me.
___ I’m no Michael Phelps or Martina Navratilova, that’s for sure.

3. How would you respond to the following statement, “I like mowing the lawn, landscaping, and gardening,”

___ Are you out of your mind?
___ It’s okay.
___ Make some iced tea. I’m digging a swimming pool today.

4. Living in an urban environment is:

___ What I thrive on.
___ Something I can take or leave.
___ Not my bag—I’ll take Green Acres any day.

 

Total all your points, giving yourself 1 point for each first answer, 2 points for each second answer, and 3 points for each third answer.

Evaluate your score as follows:

4 to 5 points: Future president of the condominium association

6 to 10 points: A good candidate for condo living

11 to 12 points:  Obviously, vertical living is not for you

Garment maker threads his last needle

August 14th, 2013 by freemanrealty
steve the tailor

Lennox Lewis                                                   Donovan Bailey 

 

At 77, Steve the Tailor has snipped miles of fabric and sewn millions of stitches to the sartorial delight of customers near and far. That he’s hanging up his hat after more than 40 years as a maker of men’s and women’s clothes is a sad day for those who relish quality craftsmanship.

Steve Papadimitriou opened his shop on Bathurst Street near Bloor in 1970 when there were still other Greek businesses in the neighbourhood. They’ve since moved on but Steve stayed thanks to a loyal base of customers who hailed mainly from the Caribbean and the West Indies.

An odd pairing that might be – Greek and Caribbean, but the community’s black population adored Steve’s handiwork, while he, naturally, appreciated their patronage. The mutual admiration would continue to grow with customers from Jamaica and the States calling Steve to see if he could measure them for another suit or perhaps a whole wardrobe full.

The city’s black celebrities would eventually wind their way to his shop. Canadian sprinter Donovan Bailey would send plenty of customers Steve’s way. Fashioning a suit for world heavyweight boxing champion Lennox Lewis in his early career, the boxer’s coach told Steve that Lewis would one day be big. Reggae musician Leroy Sibbles, hurdler Mark McKoy and CBC TV journalist Dwight Drummond, among others, all had clothes fitted and stitched there.

His work was adored thanks to its quality. Steve hand-stitched his clothes and never used patterns. At one point, he was one of the busiest tailors in Toronto hiring a staff of five sewers and making 100 to 150 pairs of pants a week.

When the other Greek businesses still operated in the area, some owners asked Steve how with his much accented English, he could understand his black customers, many of whom spoke with heavy Jamaican accents. Somehow, that was never a problem. The black folks liked his work and he liked them. Besides, he loved his location on Bathurst because it was very safe and very clean. Even after his Greek compatriots moved to the Danforth, Steve believed his shop, above which he and his wife raised three kids, was the best place. “I don’t change with no one,” says Steve.

That decision worked out well for his family. Son Jimmy works as a sales rep at Freeman Real Estate which is just a block away. Jimmy has carried on his father’s eye for design and fashion as he and his brother own three clothing stores throughout the city.

In retirement, Steve will continue visiting his village of Periklea which is in the mountains near the northern border in Greece. He’ll head there for a few months a year to visit his older sister, tinker around in the house he owns and hang out with the villagers. Family and friends will come to stay here and there. Jimmy is visiting for a month. A daughter-in-law plans to pop in as well.

But the burning question on everyone’s mind is will he ever make a suit again?

“You never know,” Steve says. “I prefer not to but maybe.”

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Toronto Real Estate Board. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.