Real Estate Insider Vol 6 2014

REAL ESTATE INSIDERY o u r S o u r c e f o r R e a l E s t a t e I n f o i n M i l t o n

OUR COMMUNITY | Milton • Campbellville • Acton • Rural • Halton Vol 006

WHAT’S INSIDE:Thinking ahead about “Buyer’s Remose”, PAGE 5

How Choosing a Real Estate Agent can Cost or Save Your Thousands, PAGE 7Get it in Writing when Family Members take Title Together, PAGE 7

Jody & Domenic MANCHISI

Sales Representative & BrokerMMANCHISI

Cell. 416.702.4663 • Direct 905.875.4594 • Office 905.272.5000E. [email protected] • E. [email protected]

facebook.com/Manchisiteam • www.manchisiteam.com

Not intended to solicit buyers or sellers currently under contract with brokerage.

905-875-45942013

“Squatters rights,” is a casual term for what Canadian realty law calls Adverse Possession. Adverse possession occurs when someone tries to take control of a piece of land that is owned by someone else, thereby excluding the true owner from the property.For example, somebody moves into a home that is not theirs, or they put a fence around a portion of land that isn’t theirs. When dealing with adverse possession you must keep in mind how the land is registered to begin with – either via Land Titles System or the more antiquated Registry System. Province keeps track of their land and territory in different ways, however under the Land Titles System (which we have in Ontario), Adverse Possession is not possible or legal – someone can try to take over a house that is vacant, but they can’t take control or ownership over it legal-ly just by moving themselves in, no matter how hard they try.

However, under the Registry System is it possible to obtain adverse possession after a certain amount of time among many other things as set out by that province’s property laws. The terms by which someone can take adverse possession over a property are very com-plicated, but in general terms you must prove:• You have possessed the land• You intended to possess the land• Your possession of the land has been without the consent of the owner of the land• You have possessed the land for the requisite time periodUsually the minimum requisite time period is 10 to 12 years for a squatter to be on the land, in some circumstances the time period can be significantly longer.

W h a t ’ sthe Deal

Vol 6REAL ESTATE INSDER2

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Decluttering your home Puts More Money in your Pocket

About Domenic ManchisiDomenic Manchisi started his career in real estate in 1996. In addition to strengthening his experience, Domenic has dedicated himself to expand his skill set both personally and professionally which he has utilized to lead himself and his team to become the number one real estate team in Canada. Domenic’s dedication to expand his knowledge has led him to pursue the following designations and certificates.

• Appraisal• Mortgage Financing• Property Law• Property Management• Licensed Mortgage Agent• Brokers License• Real Estate Investment• IRES

Domenic was born in Milton and has created a dominant presence as a real estate broker predominantly in the Halton Region. Domenic’s success is a result from his extensive experience in the real estate industry as well as the ability to understand the needs of his clients. His core understanding of the real estate industry has not only been recognized by clients but also by colleagues and industry leaders. Domenic has been invited as a guest speaker for Donald Trumps Apprentice, Bill Rancic, has appeared with Dragons Den Wealthy Barber, has participated in expert panels at the National Association of Realtors (NAR), has made the cover of several magazines and has won many awards across North America for the work he and his team has achieved.

Domenic currently lives in Milton with his wife and business partner, Jody Manchisi, and their two children.

Stability • Experience • Relationships

Domenic MANCHISI

[email protected]

Jody [email protected] Representative

[email protected]

Sales Representative

AngelaVICKERS

[email protected] Representative

AprilMurphy

[email protected] Representative

It is a proven fact that a clean clutter free house will sell faster and for more money than a cluttered house.With faster paced life styles, buyers are demanding

more from a seller than ever before, a repair free home is every buyers dream.When a buyer comes to view your house they want to see clear of your junk, workable living space with neutral décor amongst other things, in most cases you have one opportunity to make that first impression.Your house may be in great condition and well built, yet simple clutter, excess old furniture, overloaded closets, plain old junk everywhere create a perception of chaos, confusion, even disorder. The purchase decision is an emotional as well as an intellectual one; Decisions to purchase one house instead of another are based on man different factors, when buyers see clutter and junk everywhere they may imagine that the house may have been neglected with more to repair then meets the eye, this perception may drive the homes true market value down. Decluttering is an essential part of your preparation and goes hand in hand with your big move.Before you list your house on the market, take a walk around look at it through the eyes of the buyer, rent a dumpster; throw out old junk and accumulated useless items, if its been in a box for 2 years chances are you really have no use for it.Restage your furniture; staging is a simple task you can accomplish on your own without hiring a professional, you can create a whole new look easily, besides you know better than anyone what your homes potential is after all you found great pleasure in owning it and already know its functionality.

Vol 6 REAL ESTATE INSDER 3

To get your home sold, call us now 905-875-4594

WE HAVE BUYERS CURRENT-

LY LOOKING FOR:

- 4 BDRMS. SEMI IN COATES

- BUNGALOWS | 2 STOREY IN

OLD MILTON + DORSET PARK

- CONDO TOWNHOMES

WHY AM I STILL RENTING?

CAN I AFFORD TO BUY A

HOME IN TODAY’S MARKET?

CALL US TODAY TO SEE HOW.

905-875-4594

MILTON $1,150,000

MILTON $339,900

MILTON $698,900

MILTON

MILTON

Stunning executive custom built raised bungalow, home is set back from the road on 8 acres. 1300 sq ft workshop, Open concept, hardwood and travertine flooring, crown mouldings, potlights, formal dining rm, huge chef’s kitchen, family room w/vaulted ceilings & skylights. 4 spacious bdrms, 6pc ensuite and much more!

Just steps to Milton Mall and Downtown! This charming 2 bdrm detached home offers a fully fenced yard, large master bedroom, updated eat in kitchen, family room with walk out to yard.

Absolutely stunning executive 5 bedroom home. Spectacular main floor, large rooms, den, hardwood, crown mouldings, 9ft ceilings and family size kitchen. Spacious second floor, 3 full bathrooms. Huge Master Bed with 2 walk-in closets plus a third & a stunning 6pc ensuite. Shows ++10

Charming 2 Bedroom Plus Loft, Close To Milton Mall. Impeccably Maintained, Hardwood Floors, Eat In Kitchen, Crown Mouldings, Large Main Floor Laundry. Master Bed Offers 4Pc Ensuite & Walk-In Closet. Large Loft With 2Pc Ensuite & Walk-In Closet. Garage Access, Gazebo In Backyard Shows +10.

Attention Small Business Owners! Great Opportunity To Work From Home! 42 Acres, 1400 Sq Ft Renovated Bungalow With In-Law Suite. Separate Oversized Heated Garage With Workshop. 50x40 Ft 2000 Sq Ft Building W/200 Amp, 48x30 Ft Heated Workshop W/100 Amp, 50x35 Ft Enclosed Quanset W/30 Amp, Single Bay. Call Today For More Details!

10187 Regional Road 25

87 Court Street S

279 McCready

221 Centennial Forest Drive

11247 Second Line

FOR SALE

FOR SALE

MILTON $749,900

MILTON $639,900

Spectacular 4 bedroom 4 bathroom Heathwood home, Stunning from top to bottom, hardwood floors, waffle ceilings, stunning kitchen with quartz overlooks family room. 2nd floor balcony, Master bed with 2 sided fireplace, 2 walk-in closets and 5 pc ensuite. Fully fenced yard with custom built shed. Attention to detail throughout!

Gorgeous Heathwood Traditions home offering Hardwood floors, separate dining room, open concept design, eat-in kitchen, living room w/gas fireplace. 2nd floor family room w/balcony & laundry, Large Master bed with 5 pc ensuite & 2 closets.

84 Scott Blvd

108 Scott Blvd

FOR SALE

FOR SALE

FOR SALE

SOLD

SOLD

MILTON

MILTON $849,900

Terrific opportunity, detached 4 bedroom home is the neighborhood of Beaty, Approx 1800 sq ft offering A Welcoming Front Porch And A Neutral Colour Scheme, Eat In kitchen, 2.5 baths, Harwood Stairs, located in a quiet neighborhood step to the park and Hawthorne Village Public School.

Bright and spacious executive home, rarely available in this neighborhood, 4 bedrooms, 4 bathrooms, fully finished basement with 5th bedroom or office and rec room with wet bar. Large family size kitchen. Large lot, fully fenced yard, Parking for 4 cars!

1082 Meighen Way

1864 Sara St

SOLD

FOR SALE

LIKE us on FACEBOOKwww.facebook.com/Manchisiteam

MILTON $559,900

Gorgeous 3 bedroom home on a large lot steps to the park and schools. Stunning from top to bottom offering hardwood floors & staircase w/iron pickets, open concept main floor with large eat in kitchen. Finished basement with 2 pc bath. Spacious 2nd floor with large bedrooms, master bed offer 4pc ensuite and walk-in closet. Professionally landscaped with irrigated walkways and patio.

499 Pettit Trail

FOR SALE

Vol 6REAL ESTATE INSDER4

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CALLTODAY

905-875-4594

OPEN HOUSES VISIT

WWW.MANCHISI.COM

FIND OUT WHAT YOUR HOME IS WORTH ONLINE

VISIT

www.haltonhomeevaluation.com

TORONTO - ERINGATE CENTENNIAL

MILTON $364,900

MILTON

MILTON $489,000

MILTON $170,000

Terrific Condo With Views Of The Toronto Skyline! 2Bdrm Unit W/ Den, Spacious Layout, Eat-In Kitchen, Storage Ensuite. Parquet Floors, Under Broadloom In Living / Dining Room. Newer Cork Flooring In Kitchen.

Great location, close to school, amenities and a short walk to Fairy Lake. Well maintained 3+2 bedroom home. Terrific fro large family, in-laws or nanny suite in lower level with walkout to yard, 2nd kitchen, Living area with fireplace, 3pc bath and laundry! Fenced Yard and more...call today!

Great home in friendly neighborhood, many updates include windows on main floor, roof shingles, flooring, freshly painted. finished basement with gas fireplace. Large backyard with deck and 10 x10 Shed.

Executive corner townhouse with 2 car garage. 25K in upgrades, professionally finished basement. Double door entry, hardwood on main floor, crown moulding in living/dining rooms. Family size kitchen with stainless steel appl. Fully Landscaped with porch.

Large unit in sought after building, 2 large bedrooms, den and enclosed balcony. Parquet floors throughout. Lots of natural light, Eat-in kitchen, open concept living and dining room. Large ensuite storage unit, huge closet and ensuite laundry.

716 The West Mall Unit 906

123 Mill St W

517 Pineview Gardens

496 Duncan Lane

716 The West Mall Unit 706

SOLD

MILTON $769,800

Welcome to Muskoka in the city, located in the community of cedar springs. Spectacular cottage built in 2003 backs on to river w/lrg deck, outdoor shower, hot tub, screened in sun deck and amazing treehouse. One of a kind home shows +10. 3 bedrooms + loft, open concept, centre stone fireplace, pine plank floors, chef’s kitchen and much more!

2196 Grand Blvd

FOR SALE

FOR SALE

SOLD

FOR SALE

FOR SALE

GEORGETOWN $499,900

Lovely detached beauty, bright and spacious great room, family sized kitchen with lots of storage with walkout to oversized landscaped fully fenced yard with patterned concrete. 3 large bedrooms, impressive master bed with walk-in closet and 3 pc ensuite.

21 Meadowglen Blvd

FOR SALE

MILTON $419,900

Beautiful Clairmont Model with 1574 Sq Ft, 3 bedrooms, 2.5 baths, open concept with main floor dining room, living room w/gas fireplace. Eat in kitchen with walkout to fenced yard.

720 Thompson Rd

FOR SALE

Vol 6 REAL ESTATE INSDER 5

To get your home sold, call us now 905-875-4594

If you are thinking of buying your first home, you should take out a pen and paper right now and draw a line

down the center of the paper. Calmly and logically, think of all possible advantages to buying a home and write them down on one side of the page. Afterwards, you should list all the disadvantages on the other side of the line.

Then save the list in a place you will be certain to remember.

Sound silly?

Of course it sounds silly. Who needs to write down their reasons for buying a home? After all, home ownership is the central theme to living the “Dream Life.”

Naturally, while in hot pursuit of this dream you are going to be excited about the future -- researching neighborhoods, searching MLS sites on the internet, viewing homebuyer’s magazines full of appealing homes that are just “minutes from the lake” with “fantastic views” and “cozy family rooms.”

Next comes the really good stuff – looking at houses. Full of imagination and optimism for the future, you wander about each home envisioning a happy and contented life for you and your family. The

first house may be “too big,” and another may be “too small,” but you are certain to find one that seems “just right.” So you make an offer and wait anxiously and excitedly for the counter-offer. Finally, you and the seller agree on terms and you have bought yourself a brand new home!

Congratulations! Break out the champagne and celebrate!

However…

Later that night or perhaps the next day, you’ll start to worry about whether you made the right decision. Doubtful thoughts will intrude. Can you afford it? Is it the right time? Should you have waited? What if you lose your job? What if this happens? What if that happens? Anxiety and stress set in. Sleep may be hours in coming.

This is a normal response to buying a home and is called “Buyer’s Remorse.” You have just made the single biggest purchase you have ever made in your life and it can be downright scary. Logic deserts you. Worry takes over.

Remember your list?

Back when you were thinking semi-logically, you were fairly rational about

home ownership. You catalogued the good and the bad, weighed them against each other, and decided that buying a home was the smart thing to do. Reviewing the list will help resolve your buyer’s remorse.

You will not be totally stress-free, but it will help.

Of course, in spite of this advice you will probably not take the time to make that list now – before you buy a home. Hardly anyone ever does.

So when buyer’s remorse sets in and you remember reading this column, here is what you do...

...get a piece of paper and draw a line down the center. Then…

Well, you know the rest.

FIND OUT WHAT YOUR HOME IS WORTH ONLINE

VISIT

www.haltonhomeevaluation.com

BUNGALOWS/SPLIT LEVELSStarting at $429,900

12 AvailableTWO STOREYS

Starting at $474,900 101 Available

SEMI’S + TOWNSStarting at 329,000

58 AvailableAPARTMENTS

Starting at $2414,900 16 Available

CONDO TOWNSStarting at $247,500

9 Available

BUNGALOWS/SPLIT LEVELSStarting at $879,000

2 AvailableTWO STOREYS

Starting at $399,90013 Available

BUNGALOWS/SPLIT LEVELSStarting at $355,000

7 AvailableTWO STOREYS

Starting at $285,000 11 Available

SEMI’S + TOWNSStarting at $384,900

1 AvailableAPARTMENTS

Starting at 0 Available

CONDO TOWNSStarting at 0 Available

BUNGALOWS/SPLIT LEVELSStarting at $199,900

24 AvailableTWO STOREYS

Starting at $449,90020 Available

MILTON CAMPBELLEVILLE / BROOKVILLEACTON RURAL

CALL US TODAY FOR ANY OF THESE HOMES 905-875-4594

HOMES FOR SALE

Thinking ahead about “Buyer’s Remose”

Experience the Best of Both Worlds with Domenic and Jody Manchisi as Your Real Estate Guides. This is not intended to solicit property currently listed for sale.

Domenic Manchisi Broker [email protected] // Jody Manchisi Sales Representative [email protected]

Office 905-878-9100 // Toll Free 1-866-241-2631 // Fax 905-875-1344

Visit us online at DomenicManchisi.com and ManchisiTeam.com

Vol 6REAL ESTATE INSDER6

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copyright: www.mathinenglish.com

Sudoku (Level 4)

Fill the grid with the numbers 1 to 9 in such that each number appears only once in each row, column and region (3 by 3 block). Never guess the place of a number and only fill it in when you are sure.

9 574

1

54

42 6

37 1 3 4

895 8 7 36

7 6 9

Sudoku

Advertise HERE

Call 289-259-5855

or email:

[email protected]

Crossword Puzzle

Last WeekSolutions

1

9 10

11 12 1413

15 16 17 18

19 23

24 25 2726

30

28 29

31

32 33

20 21 22

2 3 4 5 6 7 8Across

1 Trade vessel (5)4 The two of them ringing - ring after ring! It’s a nuisance for drivers! (9)9 Friend from Lyons pursues semi-original Eastern art (7)10 Demonstrator believes first principle (7)11 In great shape, but infected with beginnings of illness (5)12 Bad guy nearly keeled over (5)14 It’s not my mistake - get after him! (3)15 Crashing the Jet - our friend Lucas’s movie (6,2,3,4)19 Looter escapes! I’d lost dishes (5,10)24 Brief interruption in very quiet spot (3)25 Atlanta: City that Keeps Quiet (5)28 Reverse stance on a man of morals (5)30 Like wiping out pain! (7)31 Baffled priest has nothing to answer (7)32 Reformed sinner - she cherishes what’s sacred (9)33 Seals are brutally slain (5)Down1 Short crescent wrench, barrow and lever (7)2 I bail out with excuse (5)3 One full of praise for appliance? (7)4 Forthwith, I effortlessly caught the culprit (5)5 Some larks leap wildly and flap (5)6 Dessert for little do-gooder (7)7 Get up slowly or else prove injured (9)8 Early heating item, burning all coal held inside! (7)13 Welfare sustains little trouble-maker (3) 16 Turning boat, adjust for coastline feature (4,5)17 Uplifing Japanese 19th century-era song (3)18 Step up to enemy leader (3)19 Partially cover up tureen’s opening (7)20 Verbally expose slanderer - it’s something exceptional (7)21 Humble islander offers garland (3)22 Athletic footgear being worn following muscle problem (7)23 Underground militants reduce Persians by half (7)26 Church stands by unattributed dogma (5)27 Rents exotic birds (5)29 His confusion about American and Japanese cuisine (5)

© 2009 Alex Weldon http://www.benefactum.ca

FIND OUT WHAT YOUR HOME IS WORTH ONLINE

VISIT www.haltonhomeevaluation.com

Café/Bistro | Fine Dining | Italian Cuisine | Best Local Chef

www.pasqualinocafeandbistro.com

248 Main Street East

905-693-1992

PASQUALINOCafé & Bistro

Recipient of Milton's Choice Awardsfor the following categories:

Spring is in the Air. Come and Enjoy our Light Spring Flavours

with our all inclusive Dinner Menu

Soup of the Dayor

Baby Arugula Salad with Strawberries and toasted Pecansor

Chacuterie Selection with variety of Olives

Homemade Fettuccine with Asparagus, Oyster Mushrooms and Baby Spinachin a Herb, Garlic Olive Oil sauce with Prosciutto.

orPan Roasted Salmon glazed in a Maple Dijon vinaigrette served with a

Green Bean,New Potato, Cherry Tomato Salad or

"Pollo alla Diavola", grilled, intensely seasoned Supreme of Chicken,in a piquant roasted Shallot, Red Wine Sauce with Sage served with mashed

Yukon Gold Potatoes and seared Baby Spinach.

$35.00 per personMenu is valid Monday to Thursday for the month of April

Menu subject to change depending on availability

Vol 6 REAL ESTATE INSDER 7

To get your home sold, call us now 905-875-4594

How Choosing a Real Estate Agent can Cost or Save Your Thousands

Get it in Writing when Family Members take Title Together

Whether You Decide to Sell or Buy a Home on Your Own, or Hire a Real Estate PRofessional to Handle it For You, There are Certain Key Factors That Can Literally Save or Cost You Thousands of Dollars.

HALTON - Not all real estate agents are the same. If you decide to seek the help of an agent when selling or buying your home, you need some good information before you make

any moves.

Picking an agent is one of those critical issues that can cost or save you thousands of dollars. There are very specific questions you should be asking to ensure that you get the best representation for your needs.

To order your free report visit: www.halton10questions.com

Family members often decide to take title to properties together for various reasons, sometimes for estate planning

purposes, but primarily when one family member alone cannot qualify for a mortgage. However, if there is no written agreement regarding ownership and who is making the payments, it can become very expensive to change the title later. A continuing legal dispute in B.C. is an example of when things went wrong:

In 1990, Yuk Chun Suen, known as Albert Suen, moved to Vancouver from Hong Kong with his wife, two daughters and son, Andy. He bought a home with his wife, sold it and bought a new home on Pender St. in Richmond B.C.

Andy graduated from University in 1998 and started contributing $1,000 per month to the family expenses. In 2000, Andy’s girlfriend Angela, later his wife, moved into the home on Pender St. and cared for her mother-in-law, until her death in 2001. Thereafter, Albert became the sole owner of the Pender St. property. Based on evidence presented during a civil suit, Albert could not control his spending and started going into debt.

In 2002, again based on evidence presented during the suit, Albert agreed to transfer half of the Pender St. house to his son in exchange for Andy looking after the expenses. The agreement was not put in writing and Andy was never registered on the title. The Pender St. property was sold and a new home was

purchased on Captain’s Way in Richmond, partly with the proceeds of the sale of Pender St., and partly with Andy’s money. Title to this property was registered in both Albert and Andy’s names.

Then problems arose after Albert continued piling up debt, according to evidence presented at trial. It was Andy’s position that since he had made the payments on the Pender St. property as well as the Captain’s Way home, his father Albert’s portion of the Captain’s Way house was really held in trust for his benefit. Albert’s view was that he was entitled to a 50 per cent ownership until his

death, when the property would go to Andy.

Albert sued Andy to confirm that he owned 50 per cent of the property and Andy countersued claiming 100 per cent, based on his financial contributions. At the trial in 2012, judge Peter Rogers of the B.C. Supreme Court ruled that Andy became the beneficial owner of 100 per cent of the property as a result of the 2002 agreement, based on all the evidence that he heard. A key piece was an alleged statement

by Albert that “the house is yours if you agree to come back and live with me and pay my debts.”

Judge Rogers concluded that Albert did not contribute to the purchase of the Captain’s Way property and was not expected to pay for its upkeep.

The case was appealed to the BC Court of Appeal. In her June 28, 2013 decision, Madame Justice Daphne Smith had issues with the fact that the supposed 2002 agreement was not written down and may have just been gratuitous promises that were not binding on

Albert. She did, however, leave open the possibility that Albert may have been unjustly enriched by remaining the 50 per cent owner without contributing his share of the upkeep. She sent the case back for another trial to determine if Andy should recover more than his 50 per cent ownership based on his contributions to the property.

It is hard to imagine the legal fees involved in both the initial trial and appeal, as well as what may become a second trial. All of this could have been avoided if a clear written agreement had been

entered into at the time title was taken in the first place.

When family members take title, and it is intended that only one member will pay all expenses and effectively be entitled to 100 per cent ownership, it is important that all of this be carefully documented right at the beginning. This will avoid arguments among the remaining family members later on if disputes arise.

Vol 6REAL ESTATE INSDER8

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Domenic MANCHISI - Mortgage Agent

TO GET YOUR HOME SOLD CALL THE MANCHISI TEAM TODAY

CALL NOW905-875-4594 DIRECTM

MANCHISI

SOLD

B. 905.272.5000 www.manchisiteam.com

Jody & Domenic MANCHISI

Sales Representative & Broker