Tan.gazine April 2011 Volume 01 Issue 07
The Many Myths of Real Estate Investing >> Page 3
Relocate To Ontario’s Beautiful Sunshine Coast >> Page 5
Magazine Designed By: Kai Min Call 416-720-1738 or Email kaimin@melenion.org For Design & No-Obligation Consultation Melenion Development Studios
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Common Myths About Real Estate Agents
Ways to get Mortgage-free
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GTA REALTORS® Second Best March on Record
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Depend On Tan and his team can provide you with an unparalleled level of service and attention when it comes to an important decision such as buying and selling your home. Our passion and knowledge of the area and commitment to making a difference has helped us build a name for offering the highest level of customer service possible. Call Tan now if you are planning to buy or sell your next home.
6948 Financial Drive, Mississauga, ON L5N 8J4 Toll Free: 1-886-821-3200 Office: 905-821-3200 Fax: 905-821-8777
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Tan.gazine
News The many Myths of Real Estate Investing Real estate investing is a business, and like any other business it takes time and perseverance to grow and prosper. April 23, 2011
1) Real Estate investing doesn’t really work. There are a lot of people who doesn’t know where to start or don’t know who to ask when it comes to real estate investing. In recent years, many new investors flooded the housing market, lured by tales of overnight fortunes. Some subscribed to online courses chockfull of “secrets” or attended one-day seminars to learn “everything there is to know.” Others made phone calls to Realtors, demanding to be shown some investment properties. These approaches lack focus, education, and commitment; therefore, they do not bring success. There are no secrets in real-estate investing. Successful investing takes a well-orchestrated plan navigated by an experienced team dedicated to meeting short- and long-term goals. If you are committed to doing the necessary work, real estate investing can work for you. 2) Real Estate investing is for those who are only good in doing business. Most people are afraid of trying something new or don’t want to appear foolish. Take note that every expert was once a novice. Every millionaire had his first deal. There is no such thing as a magic touch, but there is education, effort and experience. Many avoid success because they are afraid to ask for help. While being the new kid is often frightening and disheartening, you can target the right people to talk to, prepare your questions, and set yourself up for success, making the process more manageable and less intimidating. 3) Investing in real estate is too risky. Risky as it may seem, Investing is only as risky as the investor. One of the major reasons we focus on the need to build a personalized investment team is to limit your risk. No deal, no transaction, and no taxes should be handled without calling your team into play. In order to be a successful investor, the one who maximizes profits while limiting losses, you must have accredited experts guiding your portfolio. Such guidelines will reduce your risk and keep your business on track.
4) Real estate investing is very time-consuming. I completely empathize with this problem. Time management is one of the hardest strategies to master. We have to make some tough decisions about our time. Some make great sacrifices regarding leisure time, creature comforts, and holiday spending. For you to be successful investors, you have to take a look at what commitments were obligations and what activities were negotiable. You may have to take some tough choices in the future. 4) Real estate investing is very time-consuming. I completely empathize with this problem. Time management is one of the hardest strategies to master. We have to make some tough decisions about our time. Some make great sacrifices regarding leisure time, creature comforts, and holiday spending. For you to be successful investors, you have to take a look at what commitments were obligations and what activities were negotiable. You may have to take some tough choices in the future. 6) It’s hard to know where to start in real estate investing. Perhaps your credit is a mess, and you just don’t have the time to deal with it. Maybe everyone you know lives paycheck to paycheck, and you’re not sure who could lead you in the right direction. Whatever the reason, it no longer has to hold you back. There are reliable resources, reputable organizations, and numerous facilities available for new investors. By reading this article, you have taken the first step toward building a fruitful real-estate investing portfolio. If you need more information, Got Questions, Ask TAN now!
Featured Listing of the Month
Albert St. - Fort Erie, ON
$399,883
Spacious store font, with 2 apt units currently rented out. Lots of improvements made on both property and business like; lottery terminal, western union, movie rental etc. Call Tan for a more details today!
Galtee Rd. $359,883 sive
lu Exc
Brampton
Best location, best value for money! 3 bedrooms semi detached are just perfect for young couple or small family. Schools, groceries, shopping mall, GO station and major roads are just mins away. Want to know more? Ask TAN now!
Elora St. S. $674,900
Clifford Village
5 bedrooms detached with functional layout floor plan and hardwood flooring on main floor. Finished basement have a separate entrance, 2 extra rooms, a kitchen and 3 pcs bath. Closed to highways, GO station, and Square One Shopping Mall. Call Tan now for a private view today!
Terragar Blvd W. $579,900
Mississauga
Open concept, well maintained 4 bedrooms detached in Mississauga. Cozy family room with pot lightings open to a relaxed dining room. Large master room with a walk-in closet and a large ensuite, a den can be converted into 5 bedrooms. Stone patio in a large backyard, closed to highways and plaza. Call Tan for further details.
Campbellville Rd. $917,000
Campbellville
This 1876 Country Stone House overlooking 12 acres if mature forest & manicured gardens. The 5 bedrooms home are updated and styled, mins from 401 and Quaint shopping village of Campbellville. For further details, call Tan today.
Relocate To Ontario’s Beautiful Sunshine Coast! The Water. The Views. The Life. Luxury Condominiums - Windsor, ON
Located directly on Riverside Drive, Portofino is an award-winning, exclusive and luxurious waterfront condominium located in North America’s Small City of the Future Windsor Ontario. Portofino’s luxurious yet sleek and contemporary design is what sets it apart from all other luxury condominiums in the Detroit-Windsor Region. This 17 storey signature building defined by graceful architecture offers 123 suites with a majority offering panoramic views of Windsor’s riverfront parks, the Odette Sculpture Park, Ambassador Bridge and the Detroit skyline. Call TAN right now for more information and a no-obligation discussion to find out if this is just for you!
Tara Park Crt. $229,900
Brampton
Open concept townhouse in Brampton feature 3 good sized bedroom and finished basement with full bath. Trails, hwys, schools, and Plaza are just mins way. Call Tan now, for more details.
Wikander Way $319,883
Brampton
3 bedrooms back split 5 with finished basement, comes with 3 washrooms and a cozy fireplace! There is a side entrance to home as well as a entrance from the garage, private fencing and a lovely deck. Call TAN now for a private view today!
Walworth Crt. $614,500
Mississauga
These 3 bedrooms detached loaded with customs finishes from top to bottom! Finished basement, and interlocking brick patio with beautiful landscape in yard. Call Tan now for a private view today!
Hickling Cres. $529,900
Mississauga
This detached 4 bedroom home is immaculately maintained with 3 bathrooms and professionally finished basement. In ground heated pool, beautifully landscaped treed lot! Call TAN now for a private view today!
Tan.gazineNews
5Faster Ways to get Mortgage-free
Sunday, April 24, 2011
Is that mortgaged roof over your head weighing heavy on your shoulders? Then maybe it's time to get serious about your mortgage and try to pay it off sooner. Don't believe me? The Canada Mortgage and Housing Corporation (CMHC) has a handy Mortgage Payment Calculator that crunches the numbers and does the math, and it shows that a $250,000 mortgage on a 30 year amortization (at 5.50 per cent) costs you around $257,500 in interest alone. If you have no desire to pay for your home twice (and who does?), then reduce your interest payments and trim your mortgage costs with these five tips, and get mortgage-free faster. 1. Know what you can really afford. Before buying that lavish estate, take a look at your paycheque and figure out how much of a mortgage you can comfortably carry. A good way to see how a mortgage feels is to practice paying it before you buy. Try this tactic: a. Pay your landlord your monthly rent. Tally the difference between your rent and your anticipated mortgage cost. b. Put this additional money into a Tax-free Savings Account or a high interest account and use it later for your home down payment. c. If you can't come up with this additional money every month, then your anticipated mortgage price is too high. Continue saving for a bigger down payment or look at lower priced homes. 2. Use your prepayment privileges. If your mortgage has prepayment privileges -- lump sum payments you make outside of your regular mortgage payment schedule, where 100 per cent of the payment goes against the principal -- then you
A mortgage-free home not only saves you money today, but could save you a quarter million dollars over a 25 or 35 year amortization. Kerry K. Taylor
should use them to pay off your mortgage faster. On a $250,000 mortgage at 6 per cent over 25 years, one prepayment of $1,000 each year could save you around $26,000 in interest and pay off your mortgage two and a half years sooner. 3. Get on an accelerated bi-weekly payment plan. Want to really end your mortgage faster? Consider paying your mortgage every two weeks, for a total of twenty-six payments per year, using an accelerated bi-weekly payment plan. Your mortgage payments will fall on different calendar days each month, but this minor inconvenience could save you a stunning $50,000 in interest over monthly payments, assuming that same $250,000 mortgage with a 30 year amortization at 5.50 per cent. 4. Round up your payments. If your regular mortgage payment is an odd number like $14,04.88, then round up to a more memorable $1410 and save some interest over the life of your mortgage. The extra $5.12 should be painless to part with, and even a little top-up can make you a homeowner sooner. 5. Pay a lump sum when possible. Did you get a bonus, a tax refund, or come into an inheritance? Rather than squander this cash on consumer goods, add this after-tax cash to your mortgage principal and discover the freedom of being mortgage-free faster. If you need more information, Got Questions, Ask TAN now!
Ask anyone about their experiences with real estate agents, and you will no doubt hear a wide variety of responses. There are so many myths about agents that tend to be taken as truths when someone has a negative experience. A good real estate agent is worth every single penny you spend for their expertise.
April 20, 2011 "They make too much money." According to CareersInFinance.com, the median salary for real estate agents in 2009 was approximately $54,000. Agents have to pay exorbitant business expenses such as broker’s fees, professional organization memberships and MLS listing fees. One of our biggest expenses is marketing homes for sale for buyers and sellers. These expenses quickly add up and ultimately take away a large percentage of their pay. "They won’t get you a good deal because they make a commission on the sale price." Yes, real estate commissions are based on a percentage of the sale price. However, consider the same sample percentage, for example, the commission on a $185,000 home could be $5550, while the commission on a $200,000 home, $6000. That difference of $450 is hardly worth creating a negative impression by “getting you a bad deal.”
their business comes from referrals. They want you to be happy so you will tell your friends and family about the excellent service that you received when buying or selling with them. "They don’t do anything you can’t do on your own." The truth is that buying and selling real estate can be quite complicated and time consuming. Sure, you can order home inspections and surveys on your own. You can even negotiate for your terms. However, professional real estate agents are trained to do this and have experience at it. As a result, they’ll save you money, time and make your life less complicated throughout process. Don’t underestimate the value of a professional real estate agent. Let Tan help you save time and money when buying or selling your home. Got Questions, Ask Tan now!
"They will say anything in order to make a sale." Professional real estate agents work for you; their goal is for you to have a positive experience with them. After all, much of
Second Best March on Record In March, the median price was $385,000, from the $370,000 recorded during March of 2010. Toronto - April 5, 2011 Greater Toronto REALTORS® %reported 9,262 transactions through the TorontoMLS® system in March 2011, representing the second best March result on record. The number of transactions was 11 per cent lower than the record result reported in March 2010. “The strong home sales reported in March and throughout the first quarter of 2011 have been based on a solid affordability picture and improving economic conditions in the GTA and country-wide,” said Toronto Real Estate Board (TREB) President Bill Johnston. The average selling price for March 2011 was up five per cent year-over-year to $456,147. The strongest average annual price growth was reported for condominium apartments and semi-detached houses, at approximately seven per cent for both home types. “Market conditions were tighter in March compared to last year. With more competition between buyers, we have seen a strong but sustainable rate of price growth,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.
Tan.gazineNews
Common Myths About Real Estate Agents
Are These The Questions Floating In Your Mind? • Is the Canadian Housing Bubble Forming? • Are you ready for the return of Real Estate Market? • Are you not wondering, what is next in the market? • For all Sellers, is it still possible to sell for a good price? • How do you prepare to buy or to sell a home in a slow market? • If you are renting now and is thinking of buying a home but you have bad credit, past bankruptcy etc and do not know what to do next. What
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Tony D’Avino Mortgage Broker Lic.# M08008849
is your next move?
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Carafe
Wine Makers Meadowvale
www.carafewinemakers.com • carafe.meadowvale@gmail.com
6400 Millcreek Drive, Mississauga, ON L5N 3E7
Tel: 416.569.3836
Fax: 416.621.8257 tdavino@mortgagealliance.com www.mortgagealliance.com/tonydavino #104 - 121 Willowdale Avenue, Toronto, ON M2N 6A3
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905 • 814 • 4585
We offer a wide selection of products from do-it-yourself kits to on-site made wines customized to your specific requirements. We also carry a wide range of gifts and accessories. What many people love about us is our clean, state of the art facility complete with automated bottle washing, filling, corking and processing systems! Come experience the Carafe Wine Makers difference!
5100 Orbitor Dr. Suite 400, Mississauga, ON L4W 4Z4
- Ying Zhang
Market Shortage of Houses For Sale!
Home Inventory Levels At An All Time Low
The best time to list your home is in May! Call Tan Now!
Contrary to popular belief, now is the best time to list your property. Get the best bang for the buck!
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Buyer/Selle Seminar
Broker
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Peng
ring p S The ket Is Mar y Here ad Alre Bu
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e, cial Driv 8 Finan 4 9 6 J4 : 8 n Locatio auga ON L5N Mississ
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