Welcome to 493 Broadgreen St. in South Pickering

WOW!  Calling all Nature Lovers and Entertainers !  This One Of A Kind 3+1 Bdrm. Home backs onto Petticoat Creek w/ Lake Ontario just beyond.  Tons of Upgrades.  Stamped Concrete Driveway, Walkways & Skirting around the house.  Oak Stained California Blinds, Skylights, Two Sunrooms, Solid Wood Trim, All Windows Replaced Triple Pane, including 5 Sliding Doors ('18).  Tigerwood Deck & Structures on 2 Level Deck.  Breathtaking Views.  A MUST SEE !!

For Private Showing, contact Michelle Makos, Royal Heritage Realty

Direct - 416-300-3004

2016 Trailwood Court, Pickering - JUST LISTED - $999,900

** JUST LISTED ** Prime Pickering Location - Ravine Lot - 4 Bdrm w/ I/G Pool & Hot Tub. Finished Basement with Pool Table. Close to Schools & 401/407. Quiet Cul de Sac, great for raising a family. $999,900 - Backyard is awesome!

PICKERING AVERAGE DETACHED PRICE SOARS PAST $1,000,000

 Well there has been no end in sight.  Along with 2020 starting out Coronavirus and the businesses closing down to contain the virus, since Phase 2 the real estate market has been climbing leaps and bounds.  Pickering has not surpassed $1M for the average sale price for a detached home.  This is shocking for some and pleasant surprise for many of the home owners in Pickering, Ontario.  

Pickering is one of the closest cities to Toronto with many means of transportation - 401, GO Train, Buses, 407ETR and Go Buses so I am not surprised people have chosen to land here.  I have lived here 30 years and raised my family here.  This news comes are good news for many.  To read the recent article, see link below:

https://www.durhamregion.com/news-story/10133728--1-million-in-pickering-housing-market-strong-in-durham/?fbclid=iwar1jwmedngaq3lblg7aznw9hja9bv128a4quzypdsmakkihbr85

For those looking to buy, this may be a little shocking and the multiple offer situation is continuing out in Durham Region.  All the more reason to work with a seasoned agent that knows how to WIN in multiple offers, the do's and don'ts .

If you are thinking on selling your home, I would love to chat about what this market is doing and when and how to maximize the equity in your home and get the top selling price !!!

Call Michelle Makos, Royal Heritage Realty today at 416-300-3004.

It's worth the call.  :)  Cheers !

1000 The Esplanade - Suite #413 - Pickering Condo For Sale

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MARKET UPDATE - MID JUNE 2017 - WHERE DID ALL THE BUYERS GO?

I just wanted to give you a quick update.  The market is saturated with listings. 1:10 ratio.   So currently in Pickering, we are sitting with 232 Freehold Active Listings and in the past 7 days, 28 have sold.  What does that tell you?  Buyers choice !!!  They can negotiate and they have so much choice they can be picky !!!   This is where a good negotiator working on your side can save you thousands of dollars.  The same scenario  is happening in Ajax with 323 active listings and only 20 SOLD... and Whitby has a whooping 370 Active Listings and only 39 have SOLD.

Many of these people on the market right now have bought FIRM in March and beginning of April and are starting to panic.  They NEED to sell in order to close on the purchase they made.  Thank God I don't have any clients in this situation.  I had a feeling this was going to happen and now it has.  It is a desperate situation for many people out there... and it is unfortunate.  

BUT if they do not sell, they will not CLOSE on their purchase and in turn that 
will result in lawsuits galore.   The Sellers will sue the Buyers for not closing but it isn't just for the deposit, it will be for damages.   Damages can include penalties and the difference in the sale price if they have to resell the property and it sells for considerably less.  Unfortunately this is starting to happen now with June closing and many July closings where the homes are still on the market and not sold.

If you are thinking on buying an investment property or a first time buyer, this is the optimal time to find a good deal.  If you are looking to move and sell and buy, I highly recommend you sell first as it may not sell at all... and if you were looking to just list to "cash in", although the prices are still high, the days of multiple offers and no conditions (financing or inspections) are gone... That ship has sailed in Durham Region for now.  Let's see what the new stats say for Mid June when they are released.

And on a brighter side, I want to wish all the Dads out there, a Very Happy Father's Day and if you aren't a Dad, have a great day and enjoy the weekend. Take care and I will keep you posted.  Remember, if you want to know a sold or have a question, reach out and if you know anyone looking to buy or sell, do your research.  Use a Professional.     Have a great evening !!!

And Just Like That !!

I just thought I would update everyone on what I see going on... especially in Durham Region.   It would appear that everyone who wanted to sell their home, waited until after Easter weekend and it seems that the we are now saturated with listings.

By looking at the listings and the sold listings it would appear the ratio is about 10:1... meaning for every 10 homes listed, ONE  home sells within a week.  Is this bad?  Not necessarily.  This just has not been the norm for so long that people are panicking.

Let's not panic.   The Buyers now have great opportunity to purchase homes without the bidding wars and without paying crazy over asking prices.  They may even be able to get a home inspection.  Those days were unheard of a few months ago.. hell, even a few weeks ago.

But it has definitely shifted and Realtors need to face the reality that the Sellers are no longer in the driving seat.....The BUYERS are... but many of the buyers were frustrated and didn't want to play anymore and have retreated.  It is time to revive those buyers because opportunity is knocking right now.  There are some sellers who are just hoping to cash in while the prices were at an all time high, and it is pretty safe to say, I think they may be a few weeks to late.  But there are also sellers out there who have bought in March and early April and MUST sell their home in order to close on the purchase.  This is where things get tricky.

Do they have options?   There are always options.   If you are in that position, you need to stay in close contact with your Realtor and get sound advice.  It isn't as easy as saying "keep my deposit".   If you think that, you are mistaken.   If you bought firm, you signed a legal contract.   If you are nearing your closing date, you need to discuss your options.... extend your closing to give you more time, if possible.   See if the Seller you bought from will take back a mortgage for you, if not, call on family to help you come up with funds to close the deal or speak to a mortgage broker about private funds.  But DO SOMETHING... don't wait until the 9th hour... nothing can be done a day before closing.  Deal with it sooner rather than later.

I was one of those people that bought in 1989 and my back up property didn't sell and what a nerve wrecking time it was.  I speak from experience.  Work with a Realtor that knows what they are doing.  I didn't and it took me years to recover from poor representation.   Have a plan of action.. what if... ask questions.

People that think they just lose their deposit are dreaming... that rarely is all they lose.   So be informed.   But if you are a buyer out there, the market is your playground right now.  With the market full of listings, you are able to shop til you drop.   What are you waiting for?   There are deals out there to be had.   You just need to find them.  I think this summer is going to be a great time to capitalize on some great deals.

Just know - the market is quiet.  You may have noticed all the "FOR SALE" signs out there and the SOLD riders are not going up like they used to.  This is becoming more balanced.  Agents can now really negotiate on your behalf.  If you have older children living at home, this may be the time for them to grab something.  There are homes out there selling for UNDER asking now.

Homes are being listed at the price they are expected to get and not silly under value prices and encouraging bidding wars.  Those days are slowly disappearing. This is good news for buyers.

On top of all the uncertainty, we are also seeing some Buyer Remorse out there.   Buyers who haven't closed yet on their deals and now seeing all the choice out there are feeling they overpaid. This is always going to happen if you are caught when the market is shifting.   Timing is everything and no one has a crystal ball.   All I can say to that is, I am sure in 10 years from now, you won't regret your purchase because real estate is one thing, if you buy it and hold it long enough, you will NEVER lose.   So hold on to your hats and get ready for a wild ride.

If you are looking to purchase a home or sell a home, work with someone you trust and is working in your best interest.   This too shall pass but for now, it is definitely been a fast turnaround.  Scary for some and opportunity for others.

Keeping it real in real estate !
Your friend
Michelle Makos
Broker/Manager - Royal Heritage Realty Ltd.,
Direct:  416-300-3004

847 Primrose Court, Pickering - NEW PRICE

Are you looking for a 3,320 Sq. Brick Home in a Prime Pickering Location?
Do you want to move in by Christmas?   Avoid the double land transfer tax and come see this fabulous new listing.

4 Bdrm. Coughlan Built Family Home backing on Greenspace.  Pool Size Lot.  2nd Floor Master Family Retreat w/Vaulted Ceilings.  Main Floor Family Room with Fireplace.   Large Bedrooms with a full unspoiled basement.

$799,000

Off Rosebank North of Finch in Pickering

For a private showing, please call Michelle Makos or Paul Etherington at Royal Heritage Realty at 905-831-2222

DON'T WAIT BEFORE IT'S TOO LATE !!!

MULTIPLE OFFERS AGAIN ~ SOLD OVER ASKING

Here we are at the end of July almost and no slowdown in sight.  Interest rates still at an all time low and housing market still going crazy.  Not enough inventory for the buyers.  Bidding wars are the norm now.   Most homes that are listed are holding offers until a certain date.  The key is to not hold them that long and not price it too high.  Sometimes this is backfiring on agents who are not pricing the home correctly in order to entice a multiple offer situation.

The benefit to the Seller is that it is done in a short period time - I usually do Thursday to Sunday or Monday - and then best offer wins... this last property had over 100 showings between Thursday and Monday...Multiple offers were registered and then "Best Offer" wins.

Word to the wise, if you are participating in a multiple offer situation, don't bring an offer conditional on financing and home inspection with 8 or more offers, you aren't going to get it and you are only increasing the value of this home by adding your offer in the mix.   

In this market, it is hard when there are so many players to win in a multiple situation like that .. so you need to scope out a listing that has been on the  market a while, maybe needs work, or overpriced and try your conditional on financing and inspection offer but not when a house has 7 or more offers... I feel bad for the agent and for the buyers waiting ... but that is the game of real estate right now.

Its tough to buy a home when you are constantly in a multiple offer situation. Last night was the same thing.  Seven offers.  One winner.  Happy to say my client was thrilled with the results and the winning Buyer Agent was as well.

If you are looking for an aggressive approach to selling your home and an up to date market evaluation, call a local full time Realtor .. or call ME... :)   Have a super week everyone... Mine is off to a great start.
Cheers !

392 Rosebank Rd. S. - Just Listed - South Pickering Bungalow for Sale

** JUST LISTED **

Prime South Pickering Location.  Ranch Bungalow on Corner Lot w/Fenced Yard and Pond.  3+1 Bdrm Family Home.  Finished Basement, Hardwood, Gas Fireplace and more.  Updated Kitchen and Bathroom.

VIRTUAL TOUR

Pre-inspection Report Available Upon Request.

Minutes to GO Station and LAKE !

50 x 151 Ft Lot.

$499,900

Search Highbush Homes in Pickering, Ontario

More often than not, buyers want to purchase a home in a specific neighbourhood of Pickering.  That is why I have made my site neighbourhood friends.

You will be able to find out information on school, crime trends, neighbourhood events, etc.   This particular post is for anyone looking in the Highbush area of Pickering.

To view available Highbush homes in Pickering Ontario.... Highbush area Homes in Pickering, Ontario

If you need another area, please visit my website - and click on the area of interest.

Thanks for reading and have a great day !

Buying a New Home??

TREB YPN Event

As many of you know, TREB's YPN Committee is having a Meet and Mingle in Pickering - October 17th at 1:00 pm at the Courtyard in Pickering.   As Chair of the YPN Committee, I am looking forward to getting to know all the YPN'ers and new members.  YPN does not mean "Young"  so there are no age limits to become a member of YPN.  It is simply a professional network of TREB Members who want to share ideas and bring members together in a social atmosphere for education, networking and social activities.

Looking forward to seeing some new faces and some old !!!  :)   Mark your calendars.  See you there.

COMING SOON - 1675 Goldenridge Court, Pickering

SNEAK PREVIEW - MONDAY APRIL 1st, 2013

Superb Marshall Built Executive Home in High Demand Prestigious Enclave.  Many luxury upgrades, fabulous kitchen with quartz countertop, Chefs Desk, Upgraded floors and trim, Soaring Ceiling in Family Room w. Gas Fireplace, 50 Ounce Carpet, 5" Baseboards,  9' Ceilings on main level.  This home truly has the "WOW" factor. Inspection Report by Global Home Inspections.  Shows to perfection !!!