Check out this month in Real Estate for April

http://youtu.be/MpLTpHslJY0

Check out this Home Seller Tip- What buyers are looking for

http://www.youtube.com/watch?v=xZCu2kJ5Vfw

Check out this seller tip of the  week and let me know what you think.   Thinking or selling or buying? I can help, just call me 613-733-3434 or send me an email sgtaylor@kw.com and we can discuss.

 Seller Tip of the Week – Concessions

It seems that there is still a lot of confusion out there about the application of the HST to the price of a resale house.  In response, the Ontario government, along with the Ontario Real Estate Association are taking positive action to clarify the issue in the form of a YouTube video and press release.

Province Clarifies HST Does Not Apply on Resale Housing

Revenue Minister Sophia Aggelonitis and Ontario Real Estate Association Immediate Past President, Dorothy Mason, today (March 21^st, 2011) released a video explaining to prospective buyers the facts about the HST and the housing market.The video highlights the fact that there is no HST on the purchase price of resale homes.  Sales tax did not apply to the purchase price of resale homes under the previous PST, and it does not apply under the HST.For new housing, additional tax only applies to the portion of the price above $400,000.The Ontario Enhanced New Housing Rebate means that buyers of new homes receive a rebate of up to $24,000 regardless of the price of the new home. Buyers of new homes priced up to $400,000 (about three-quarters of new homes built in Ontario) on average pay no more “ and possibly even less “ tax than under the previous PST, where sales tax was hidden in the price.

QUOTES

œBuying a home is one of the most important investments a person will make in their lifetime. That’s why I’m pleased to be working with OREA to provide information about purchasing a home in Ontario.”” Minister of Revenue Sophia Aggelonitis

œA resale home costs tens of thousands of dollars less than many Ontarians think because HST does not apply to residential resale transactions. ” Dorothy Mason, Immediate Past President, Ontario Real Estate Association

Here Are the Facts¦ ·              

The HST does not apply to the purchase price of resale homes. ·              Sales tax did not apply to the purchase price of resale homes under the previous PST. ·              In addition to not having HST on resale homes, a refund of Land Transfer Tax of up to $2,000 is available to first-time home buyers of resale homes.

Check Out These Links

Watch the video here¦  http://www.youtube.com/oreagr#p/u/0/eWWS3hrpVOU
Get the full list of what™s taxable under the HST and what™s not

Do you know someone who is thinking of making a move?  I have room in my schedule to help two more active buyers/sellers at present and would appreciate a call.  To make sure the connection is made, please ask them if it would be OK to have me call them about their move, then call me with their contact information.  That way you will know that they will get expert advice.  They will thank you¦ and so will I. Give me a call at 613-733-3434 or send me a quick email at sgtaylor@kw.com

Check out this home seller tip regarding pricing your property and taking your agents advice! This is WHY you hire an agent.

Pricing your Home Properly

Let me know what you think by sending me an email at sgtaylor@kw.com or give me a call 613-733-3434

This video gives great insight to what first time home buyers are looking for?  

What first time home buyers consider and how you can take advantage of it

What do you think first time home buyers are looking for?   Send me at email at sgtaylor@kw.com or give me a call to discuss.

Resale homes sold more quickly in February [2011]Members of the Ottawa Real Estate Board sold 936 residential properties in February through the Board™s Multiple Listing Service ® system compared with 1,030 in February 2010, a decrease of 9.1 per cent.

Of those sales, 213 were in the condominium property class, while 723 were in the residential property class. The condominium property class includes any property, regardless of style (i.e. detached, semi-detached, apartment, stacked etc.) which is registered as a condominium, as well as properties which are co-operatives, life leases and timeshares. The residential property class includes all other residential properties.

œOnce again we™re seeing sales numbers very close to the five-year average for February, which is 962 sales. It™s important to note that the homes that sold last month did so far more quickly than in January, spending an average of just 33 days on the market. As well, prices rose slightly more than they had in the previous two months which indicate we still have a very steady market here in Ottawa, said Board President Joanne Tibbles. œThis tells us that there is a demand for resale homes in Ottawa, and that when buyers see the home they want, they™re going after it, perhaps even going up against other bidders, Tibbles added.

The average sale price of residential properties, including condominiums, sold in February in the Ottawa area was $338,408, an increase of 6.7 per cent over February 2010. The average sale price for a condominium-class property was $260,112, an increase of 6 per cent over February 2010. The average sale price of a residential-class property was $361,475, an increase of 6.9 per cent over February 2010. The Board cautions that average sale price information can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The average sale price is calculated based on the total dollar volume of all properties sold.

Article Courtesy of the Ottawa Real Estate Board

Check out this month in Real Estate for Ottawa

 This month in Real Estate

Check out the new listing at 9 Clothier Street East in Kemptville.   Click the link below for more information.

9 Clothier Street East Kemptville – Real Estate

Check out the link belo for information about the ever changing real estate market in our area.

This month in Real Estate  - Up to the date information about the market