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What's Lurking in Your Garage???...

by Claire Franceschetti

Despite the snow that fell on the GTA today, it's almost spring!

I say: "TGIS: Thank God it's Spring!" It's also garage cleaning season. At my house, it means dragging all the hockey equipment out, sorting out the open house signs and throwing out various boxes that take root over the winter.

For me, cleaning out the garage takes a full day, but I love how it feels when all the thrift shop donations have been delivered, the floor has been swept, and the shelves are sorted.

If you are thinking of selling this year, here's what you need to do in your garage before much longer:

1. Sweep and wash the floors. Cleanliness is very important throughout the home when it's time to sell.

2. Recycle what is no longer being used, and drop off old paint cans and other hazardous materials. No buyer wants to get stuck with a few trips to the dump.

3. Clear a large space for your furniture that will be "pruned" from your inside living space. My trusted stagers will invariably coach my clients to pre-pack their collections and personal items. Storing them in the garage is no problem, and is certainly expected from buyers who are viewing your home.

4.  Stop smoking in the garage, and get outside. Non-smoking buyers can smell a smoker's garage. Although it's an admirable attempt to keep the smoky smell out of the home, smoking should now be moved outside all together due to the warmer weather.

In all my experience of showing countless homes, I have never seen a buyer change their mind about buying a home based on the boxes and extra furnishings in the garage. (We have chuckled at the amount of items squeezed in the space, but this has never been a determining factor for buyers.)

And one last thought...I'm a progressive, modern woman, but for goodness sake, take down the pin-ups and beer can poster girls. How can a husband tell his wife that he loves the garage, when she's seen the Sunshine girl, and is thinking that all his likes in the artwork!!! Very distracting!

Happy cleaning!

"Claire, How's the Market?" March Sales #'s are Out!

by Claire Franceschetti

 

The experts are predicting an average home price climb over $500K this year. We're not there yet, but I see month over month price increases, that would indicate that we're on our way!

Here's a video overview of the GTA's real estate market. Enjoy, and give me a call any thime to discuss your real estate needs.

 

Banks Profits Grow while Consumers Keep Charging Ahead!!

by Claire Franceschetti

Canada will withstand concerns about the housing market because of its relatively strong global position, Bank of Nova Scotia Chief Executive Officer Richard Waugh said.

 

“The current concerns about Canada’s housing market are reason for caution but not pessimism,” said Waugh, according to the text of his speech at the bank’s 180th annual meeting today in Saskatoon, Saskatchewan. “We can and will manage through any potential problems.”

Waugh goes even further though, and suggests that Canadian family's economics remain solid, and that the housing market is supported by strong fundamentals. I agree with him here: when compared to our American counterparts, there is little for Canadians to grumble about. Unemployment is lower here, and there is no trend of the mortgage defaults as experienced abroad.

The BNS also thinks that it’s up to Canadian banks, and not government or regulators, to manage risks and advise clients appropriately.

Here's where I stop agreeing with ScotiaBank's CEO. The BNS thinks that banks have consumer interests at heart and that the government should leave them alone to keep their clients safe? Who are they kidding? 

Let's look at the facts: ScotiaBank had record annual profit last year of $5.27 billion, driven by increases in domestic and international consumer banking. Last month, the lender said net income in the fiscal first quarter rose 15 percent to C$1.44 billion.

I do not think that the banking sector should be deregulated. Deregulation was the main culprit of the US economic melt down. Lack of government oversight of the banking sector is criminal in my opinion. Certainly, the Canadian government should play a role in lending practices of the major banks in this country. Cautioning consumers to minimize their debt loads and encouraging them to save their equity is best set out by independent, and not-for-profit agencies.

Banks are in the business of earning profits for the benefit of their shareholders. They are motivated to make as much money from their clients and customers. We should never forget that they are not altruistic organizations.

 

 

Displaying blog entries 1-3 of 3

Contact Information

Photo of Claire Franceschetti Real Estate
Claire Franceschetti
Right At Home Realty Inc.
190 Marycroft Ave.
Vaughan ON L4L5Y2
Direct: 416-918-6325
Office: 416-391-3232
Fax: Fax: 416-987-8001