It is a real treat for Rosemary Lunau and I to have the opportunity to market and find a new family to live in what we think is the "hidden gem of Windsor." We have been in a lot of homes and 1670 Grand Marais West, located in South Windsor has a time-honoured past. Step back to the grandeur of the 20's.
It is a centre hall plan which to me always feels welcoming.
There are unique features like solid wood and gumwood trim work and french doors with leaded glass. Extraordinary wood beams in the formal living room and dining room, a sturdy "Stickely Type" stair case. You will find a less formal sunroom off the living room and a main floor family room. The kitchen has recently been refinished with custom cabinetry to reflect the era of the home.
This vintage home has four generous bedrooms with sizeable cedar walk-in closets, almost unheard of for the age of this home! It also has a walk-up stair case to the attic. Our research shows it as approximately 3220 square feet on the first and second floors, not including the attic and there is another 1591 square feet in the lower level. The current homeowners finished an office space and recreation room or "flex" room to use for whatever and there is a workshop down there as well.
I would like to highlight the laundry chute from the second floor down to the lower level laundry! Why don't we build more of these today? They are so handy!
This distinguished home is situated on a 146' frontage which expands over four lots. It is heavily treed for privacy. There is an in-ground heated kidney shaped pool, children's play house, one and a half car garage and a circular driveway and a side drive. It truly has a majestic architectural past; however, its qualities and the improvements made seem to harmonize with todays modern home expectations with out compromising its elegance.
This home was featured in a video documentary called "Building the Bridge".
For more information on this property just give us a call or CLICK. Rosemary or I would love to walk you through it!
1686 Magnolia is JUST LISTED and looking for a great family to call it home! It is situated on the corner of Firgrove and Magnolia and is steps from the Blue Heron Lake. Superbschools, bus routes and the Gnatchio Trail are handy to this locale.
This 5 bedroom over-sized raised ranch is bursting with up-grades! It has a spacious high end kitchen with an expansive breakfast bar. There are two baths and a rough-in in the lower level. The master is sizable with an ensuite.
I think one of the best features of this house is the covered porch off the sliding glass doors in the kitchen. It is convenient for bar-be-que’ing in the winter months and proves shade in the summer. When the house was built they excavated under the porch so there is a huge cantina below; which is wonder for wine or canning.
If you would like to see this beautiful home do not hesitate to call or click!
As always, I am here for any real estate help. Servicing Windsor Essex and Surrounding Areas - Riverside, Tecumseh, Lakeshore, East Riverside, Emeryville, Belle River, Central Windsor, Walkerville, South Windsor, South Cameron, Heritage Estates, Lasalle, Waterfront Properties, Working with Seniors and their Families.
For homeowners in the Windsor area who are aiming to sell their home and buy another, it's the classic real estate, which came first, the chicken or the egg, question -- buy or sell first?
If you sell first, you may find yourself under a tight deadline to find another house, or be forced in temporary quarters. If you buy first, you may be saddled with two mortgage payments for at least a couple months. You may need the money from the sale of your original home in order to pre-qualify for a loan for your new home. You may be facing a job relocation and need to sell quickly.
There are many variables involved; there is no universal correct answer. It basically comes down to your specific circumstances.
Dan Gregor, a Realtor in Pickerington, Ohio, says there is generally less pressure when you sell first.
"It really comes down to risk," Gregor said. "It's whether you want the risk of owning two houses, or possibly none at all." Gregor says that if you have the money to make two mortgage payments, the pressure is off. But if you need to sell your house in order to qualify for a loan, then you have no choice -- you'll have to sell first. "You can write contingent contracts, but if you really want the home, you'll pay a premium -- that's if the seller will even entertain a contingent offer," he says.
And if you go ahead with a contingent offer, then you may end up settling for less for the house you're selling in an effort to get it sold quickly. Gregor says for most people, the stress level is lower when you sell first. "You have time to get pre-approved for your mortgage and see all the housing options in the price range you'd like to buy," he said.
When your selling house is in contract, he suggests you pick the three best homes of those you've viewed and prepare to make an offer on the one that best meets your needs. "The absolute worst that can happen is the right home isn't available," Gregor said. "You end up in a short-term rental with the cash in your pocket and pre-approved financing for the balance you need. So you look like a cash buyer when you make an offer on the home you finally decide on." But brisk selling conditions in some parts of the country require more aggressive tactics.
Brett Furman, a broker in suburban Philadelphia, says the strong market dictates that homebuyers focus on buying first, and selling later.
"The housing market in the suburban Philadelphia market is moving very quickly," said Furman. "Normally we advise our buyers to sell their home first and buy second ... However with the faster moving market, we are advising many of our buyer clients to obtain a mortgage commitment that is not contingent upon selling their existing house."
In their book, House Selling for Dummies (Hungry Minds Inc., 1999), Eric Tyson and Ray Brown "strongly recommend" that you sell first.
"Even in good real estate markets, sales frequently drag on much longer than you expect," the authors say. "Selling in a weak market usually compounds the problem. Homeowners tend to overestimate their house's resale value and underestimate the length of the selling process -- a fiscally deadly one-two punch."
The Dummies book says selling first eliminates financial risk -- no double mortgages and double payments for property taxes and insurance payments. And no worrying about how you'll come up with a down payment.
But selling first isn't the perfect solution. Some of the issues that may come up include:
Being forced out of your house before you have a new place available. Where will you live? Where will your kids go to school?
Having to move twice. Do you want to go through the hassle? Where will you store your extra furniture while you live with family and friends or rent an apartment?
Not being able to find a house you like. How long are you willing to live in temporary quarters until you find a suitable house?
Whichever way you go, it always seems to work out in the end, at least in Gregor's experience.
"I've been in the business for 30 years," he said. "We've never had anyone out on the street and the vast majority of our clients that make double moves are those building new homes that had to have their property sold first."
Many thanks to Michele Dawson of Realtor.com for sharing this article.
Usually I am the one helping people make a move. This time I am the one who has moved!
I recently made a career decision to change real estate firms. I would like to share with you that I have enthusiastically switched my Broker's License over to Royal Lepage Binder Real Estate.
I will be working primarily out of the Tecumseh office, 13158 Tecumseh Rd. E. It is close to the corner of Manning Rd. & Tecumseh Rd. (located west of the TD Canada Trust Bank). I also have the ability to meet clients at 2480 Ouellette Ave. in Windsor.
Please be assured that just because the company name has changed, the level of service I provide to clients hasn't. My clients will continue to receive all of my passion and hard work. I will do what ever it takes to help people achieve their real estate goals.
As always, I am here for real estate assistance. Servicing Windsor Essex County and Surrounding areas - Riverside, Tecumseh, Lakeshore, Riverside Dr., Central Windsor, Old Walkerville, South Windsor, South Cameron, Lasalle, Heritate Estates and our Coastal Areas.
MLS Real Estate Stats Feb. 2013 - For Windsor, Ontario & Surrounding Areas
The MLS statistics are in for February 2013 there were 402 units sold with 846 new listings for the month.
The most popular style of home sold in Windsor and the Surrrounding areas is the RANCH!
Taking a look at the number of houses or units sold in the category of price. In the price range of $160,000 to $179,999 there were 42 houses/units sold. This price range for this Feb. has the most houses.
Other price ranges to note are:
$180,000 to $199,999 there were 31 houses/units sold
$200,000 to $219,999 there were 24 houses / units sold
$220,000 to $239,999 there were 21 houses / units sold
$240,000 to $259,999 there were 14 houses / units sold
$260,000 to $279,999 there were 13 houses / units sold
$280,000 to $299,999 there were 6 houses / units sold
$300,000 to $319,900 there were 5 houses / units sold
$320,000 to $339,999 there were 8 houses / units sold
There was just one sale over the half million dollar mark. It was a two 1 ¾ story home located on Deerview in Lasalle, Ontario. This 5 year old home has 4 bedrooms and 3 bathrooms. It was listed for $609,900 and ended up selling for $589,900.
For all of the houses / units sold in Windsor and Surrounding areas please see the MLS Detail Sheet here below.
When selling a home in Windsor, a staging professional or real estate representative are your main sources on how to showcase your home. By staging your house, you will add to the appeal for potential buyers. Staging is the term used to describe the act of preparing your home for sale. One area that may be forgotten or neglected during this process is the basement area.
The basement provides an additional space in the home that can be used for many purposes. It may serve as a utility room, where the washer and dryer is kept and used. It may be used as storage for unused items or for seasonal items. It may have a finished room that is used as a craft room or entertainment room.
Whether your basement is unfinished or finished, potential buyers in Windsor, Ontario will most likely be interested in seeing the available space. With a little planning and organization, you can show your basement area in the best possible light.
Light is an important aspect of the basement area. Basements usually have very few and small windows to allow in natural light, unless the basement is a walk out type. A walk out type of basement will have doors that may allow in more light. Make sure that there is sufficient lighting so that the basement does not appear dark or dingy.
Unfinished basements are typically used for storage and may accumulate many items over the years. Maximize this space by organizing any clutter evident in the area. Shelves are a great organizational tool and also utilize the available vertical space. There are other options such as large baskets and containers if adding shelves is not an option. Adding a fresh coat of paint to the unfinished concrete floor may also spruce it up and give it a fresh look for little expense.
For finished basements, there is usually a clear purpose or function of the room. If it is being used as a craft room, then a craft table, table light and chair may be appropriate. Just make sure that the decor reflects the function of the room, but don't fill up too much of the space so that it looks overcrowded with furniture.
One safety item to check is to make sure that the stairs has a secure handrail and is in good condition. The stairs will be the first thing people see when they walk down to the basement area. A fresh coat of paint and non skid surfaces on the stair treads will add to the visible appeal and safety. If basement steps are abnormally steep, you will also want to make sure the real estate professional warns people before they tour the house. You definitely do not want any potential buyer to trip or slip on the stairs before he or she even sees the basement.
For more specific and customized advice regarding home staging for your individual home, consult a staging professional or your real estate representative for ideas and information. After all, they are the experts and have staged many homes. Their knowledge and experience will help you show your basement to its best advantage and increase the sale value for your home.
As always we are here to help you with your Windsor real estate needs. Servicing those in Windsor, Essex County and Surrounding areas -Riverside, Tecumseh, Lakeshore, Central Windsor, East Windsor, South Cameron, Lasalle, South Windsor, Old Walkerville, Waterfront Properties, Estate Sales, Buy Homes in Windsor or Sell Homes in Windsor.Working with Seniors in today’s changing Windsor Real Estate Market.
So, you’ve finally decided to fulfill a lifelong dream and buy your own home… how exciting! You are ready to fulfill your dream of having a place to call your own.
Buying a home is one of the biggest emotional and financial decisions you'll ever make. Prepare by learning about the process of home buying and the responsibilities of homeownership. The differences between renting and buying a home are vast, and there's a long list of pros and cons for both options. And, remember — there is no one best decision for everyone. Before moving forward, though, here are some questions to consider.
Do you have the necessary financial management skills?
How financially stable are you?
Are you ready to take on the responsibility of all the costs involved in homeownership, including mortgage payments, repairs, and maintenance?
Are you able to devote the time required for home maintenance?
There are pros and cons for both renting and buying. Everyone must make his or her own best decision. Buying a home is not for everyone. Take a moment to think through the advantages and disadvantages of both owning and renting. Use this work sheet to guide you.
Advantages of Renting in Windsor
Disadvantages of Renting in Windsor
Advantages of Owning a Home in Windsor
Disadvantages of Owing a Home in Windsor
Read over your completed worksheet and then think carefully. Are the advantages of owning your home really bigger than the advantages of renting? Are the disadvantages of owning your own home really smaller than the disadvantages of renting?
If homeownership is for you, you must be both financially and emotionally ready. Buying a home isn't only about money. You should listen to your heart… and take an honest look at your lifestyle.
If you think you are ready to take the plunge, do not hesitate to call upon us. We have been successfully bringing Windsor home buyers and sellers together for 19 years. Servicing the Windsor Essex areas -Riverside, Tecumseh, Lakeshore, Central Windsor, East Windsor, South Cameron, Lasalle, Belle River, Lakeshore, South Windsor, Old Walkerville, Waterfront Properties, Foreclosures and Bank Repossessed Properties.
Try to buy a home that meets most of your needs for the next 5 to 10 years, or find a home that can grow and change with your needs.
Take a moment to think about the following...
Size and Layout How many bedrooms do you need? How many bathrooms do you need? If you work from home in Windsor, do you require space for a home office? What kind of parking facilities do you need? For how many cars?
What type of features are you looking for in your Windsor home?
Do you want air conditioning? If so, what type? If central air is in the budget, it is a welcomed feature as summers in Windsor Essex tend to really get hot and humid. Do you want storage or hobby space? Is a fireplace or a swimming pool high on your list? Do you have family members with special needs? Do you want special features to save energy, enhance indoor air quality, and reduce environmental impact?
Life Strategies No matter what type of housing you choose, you must have a clear idea of your needs today, as well as your possible future needs. These are some examples of questions homebuyers might ask: Do I plan to have children? Do I have teenagers who will be moving away soon? Am I close to retirement? Will I need a home that can accommodate different stages of life? Do I have an older relative who might come to live with me?
Buying a home a home in Windsor Essex and the surrounding areas is one of the biggest decisions you will make in your life. Be careful and ponder what will and will not work for you and your family now and in the somewhat distant future.
As always if you require any real estate assistance do not hesitate to call upon us. Servicing the Windsor Essex areas -Riverside, Tecumseh, Lakeshore, Central Windsor, East Windsor, South Cameron, Lasalle, South Windsor, Old Walkerville, Waterfront Properties, Kingsville, Foreclosures and Bank Repossessed Properties.
We always recommend that homes purchased in Windsor and Essex County be thoroughly inspected by a certified Home Inspector.
Inspections are an important tool to verify that any potential Windsor home is a sound investment and not a bottomless money pit! Inspections are normally built into every agreement of purchase and sale. They are a condition of the purchase which enable buyers the option to renegotiate or walk away should the Windsor home not fair well during the inspection.
A home inspector will typically inspect:
Roof, some inspectors will get up on any roof, some will tackle low slopes, and others use binoculars to check for wornness or curling of shingles. Here in Windsor during the winter months a visual roof inspection may not be possible because of snow.
Plumbing, most inspectors will flush toilets to check for leaks and run all faucets to assess water pressure and the immediacy and volume of available hot water.
Heating and Cooling, depending on the time of year the furnace should be tested by turning up the thermostat and checking the response.
Home Interior, an inspection generally includes a visual scan of floors, walls and ceilings for signs of water intrusion, or sagging.
Basement should be checked for indications of previous water intrusion in addition to signs of structural problems. You can find out a lot of information in the basement!
Smoke Detector adequacy
Attic, to verify that there is proper insulation in the home
Electrical, most inspectors remove the face of the electrical box if it is safe to do so and check for over current protections, grounding, and the presence of any aluminum wiring (which can be a dangerous fire hazard)
It is important to note that Windsor Home Inspectors can only check out what is visible to the eye. They do not tear out dry wall like Mike Holmes! A home inspection is necessary part to the Windsor home buying process. It will give home buyers a piece of mind and make them aware of potential problem areas as well.
For those getting ready to put their home up for sale in Windsor it can be useful to have a "pre-inspection". This will allow for Sellers to make an necessary repairs prior to a potential Buyer making an offer.
As always if you require any real estate assistance do not hesitate to call upon us. Servicing the Windsor Essex areas -Riverside, Tecumseh, Lakeshore, Central Windsor, East Windsor, South Cameron, Lasalle, South Windsor, Olde Walkerville, Waterfront Properties, Kingsville, Foreclosures and Bank Repossessed Properties
To obtain CMHC Mortgage Loan Insurance, lenders pay an insurance premium. Typically, your lender will pass these costs on to you. Your lender will give you the exact price when you apply for a mortgage.
The CMHC Mortgage Loan Insurance premium is calculated as a percentage of the loan and is based on the size of your down payment. The higher the percentage of the total house price/value that you borrow, the higher percentage you will pay in insurance premiums.
Remember: without mortgage insurance you may avoid the insurance premium but you’ll typically pay much higher interest rates and additional administrative fees. At the end of the day, for the vast majority of borrowers, the cost of CMHC Mortgage Loan Insurance is more than fully offset by the savings achieved.
A 10% premium refund and extended amortization period without surcharge may be available when CMHC Mortgage Loan Insurance is used to finance an Energy-Efficient Homes.
Premium on Total Loan
Premium on Increase to Loan Amount for Portability and Refinance
Self-Employed without 3rd Party Income Validation
Self-Employed without 3rd Party Income Validation**
Up to and including 65%
Up to and including 75%
Up to and including 80%
Up to and including 85%
Up to and including 90%
Up to and including 95%
90.01% to 95% — Non-Traditional Down Payment***
Extended Amortization Surcharges Add 0.20% for every 5 years of amortization beyond the 25 year mortgage amortization period.†
For portability and refinance, the premium is the lesser of Premium on Increase to Loan Amount or the Premium on Total Loan Amount. In the case of portability, a premium credit may be available under certain conditions.
* Premiums shown with an “*” do not apply for refinance. For portability the maximum LTV ratio is 90%, but CMHC may consider higher LTV ratios when the new ratio is equal to or less than the original LTV. For portability, the premium is higher for non-traditional down payments on Increase to Loan Amount.
** For conversion from Self-Employed with traditional 3rd party income validation to Self Employed without traditional 3rd party income validation, the premium is the lesser of: a) the Premium on Total Loan Amount or; b) the outstanding balance multiplied by a 1.5% premium plus the Premium on Increase to Loan Amount.
*** Down Payment Requirements – Traditional sources of down payment include: Applicant’s savings, RRSP withdrawal, funds borrowed against proven assets, sweat equity (<50% of min.required equity), land unencumbered, proceeds from sale of another property, non-repayable gift from immediate relative, equity grant (non-repayable grant from federal, provincial or municipal agency). Non-traditional sources of down payment include: Any source that is arm’s length to and not tied to the purchase or sale of the property, such as borrowed funds, gifts, 100% sweat equity, lender cash back incentives.
† The amortization cannot exceed 30 years for mortgage loan-to-value ratios > 80%.
Premiums in Ontario and Quebec are subject to provincial sales tax. The provincial sales tax cannot be added to the loan amount. Information provided by CMHC and is subject to change.
If you live in Windsor and are buying your first home please not hesitate to ask us about our Buyers Package. We are just a call or click away. Servicing the Windsor Essex areas -Riverside, Tecumseh, Lakeshore, Central Windsor, East Windsor, South Cameron, Lasalle, South Windsor, Old Walkerville, Estate Sales, Waterfront Properties, Foreclosures and Bank Repossessed Properties.