Valente Real Estate.....  providing great Real Estate service for over 40 years!
October 17th, 2017 
The Valente Team
Remo Valente Real Estate (1990) Limited

office:519-966-7777
fax:519-966-6702
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230 Laurier, LASALLE
Price: $399,900
Bedrooms: 4
122 Reaume, LASALLE
Price: $499,900
Bedrooms: 3
3760 Dougall, WINDSOR
Price: $488,800
Bedrooms: 5
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Welcome Manni Japra to the Valente Team!

Welcome Heather Solcz to the Valente Team!

2016 Top Producers

LASALLE COUNCIL APPROVES $30-MILLION HOUSING DEVELOPMENT

LASALLE, ONTARIO. JUNE 28TH 2017.--  One step closer, Zoning Approved! (GORD BACON/AM 800 cklw- The information Station)

Zoning has been approved for a new condo development near Sprucewood Ave. and Malden Rd. in LaSalle.

The project will cover 2.1 hectares of land along Newman Blvd. between Sprucewood and Orford St.

A maximum of 139 new townhouses and apartments will be built at the location, according to a report brought before town council.

President of the Valente Development Corporation, Peter Valente, says the project should be a good fit in the community. "We think this is going to serve a need for this type of housing for empty nesters and seniors, people who are looking to downsize from their existing houses."

With the project set to move into a busy corner at Malden and Sprucewood Rd, several community members voiced concerns over traffic, but Valente says the company covered its bases. "We hired a traffic engineer that did a study and concluded that the development wasn't going to produce enough traffic to warrant any sort of upgrading to the existing infrastructure or planned infrastructure."

Valente says the aim is to start selling by spring of 2018 with a starting price in the range of $250,000.

The project will cost upwards of $30-million to complete.

...Scott McGillivray Blog

HOW TO WIN A BIDDING WAR

The title of this post is a little misleading, because as far as I'm concerned, there's no such thing as "winning" a bidding war. But in markets where demand is high and supply is low, bidding wars are an unfortunate reality (at least for the buyer). So here are my best tips on how to keep a level head and get the right house without blowing your budget.

Before You Bid...

Know Your Limits

Before you consider buying any type of home it's really important to know exactly what you can afford. You need to do a thorough assessment of all your expenses – car, entertainment, groceries, pets – you name it. Knowing how you spend your money will help determine what you can afford.

Get Your Financing in Order

Make sure to get pre-approved by your bank or mortgage company before you put in an offer so you know exactly what you can carry – and how high you can make your offer. If you get into a bidding war situation you need to know exactly where your limit is. The other advantage is that other potential buyers may want to make their offer conditional on financing. If you don't have to do that you have a major advantage.

Do Your Research

Before putting in an offer make sure you've researched everything. I'm talking about the neighbourhood, schools, accessible transportation, traffic – everything. All of these things play a part in the value of your home so you want to be sure you're still getting a good value should you have to go higher with your offer than you initially planned.

Speak to Your Real Estate Agent

Having a good agent who knows and respects your limits is very important. But it's equally as important that you be firm with him or her about where your line is. An agent's job is to research the comps in the neighbourhood and advise you about what they think the house is worth, and what they think it will sell for. (They can't predict the future, but they should be able to come pretty close.) Second, it's their job to help you get what you want for the price you've told them you can afford. It's up to you to be honest with your agent about what your cap is. Make sure you and your agent have a good dialogue about all these things before you jump in head first. If your agent tries to up sell you on the price and encourage you to go beyond your budget, it's time to find a new agent.

Once You've Put in an Offer...

Make a Big Deposit

Making a big deposit on the home can show the seller you mean business. It's best to have your agent look into what the typical deposit amount in the region is (it can vary across the country) so that you have an idea what other potential buyers may do. Then I suggest you put down as much as you can afford. It will go towards your down payment if you get the property, and you'll get it back if you don't firm up the offer. A clean offer with a large deposit in the form of a certified cheque could mean winning the deal over another buyer.

Be Flexible

Sometimes winning a bidding war can be as easy as agreeing to the seller's conditions such as closing dates, buying the property 'as is', or even offering to move the closing date up if it works better for the seller. If they've already purchased another property they might be in a hurry. Making it easy for them gives you a better shot at getting the house (even if your offer is a bit lower than the others).

Be Stoic

When it comes to buying a house emotions can take over. It's scary, it's exciting, and let's be honest, it's thrilling! But getting caught up in the emotion of it all can lead to bad decision-making and you could get burned. Be strong and stick to your guns. If you don't get this house another one will come along.

#ScottTip – A clean offer with no conditions can be appealing to sellers, but under no circumstances would I ever advise that you waive a home inspection. You may get the house, but not knowing what problems it has may mean you get some very costly fixes along with it.


new homes troubles finding free computerized list

...from REPMAG.CA, November 14, 2016

Ontario is doubling the rebate on the land-transfer tax for first-time homebuyers to $4,000, but is increasing the same tax on homes that sell for over $2 million.


The government says half of first-time buyers won't pay any land-transfer tax to the province, while the half-percentage point increase on homes over $2 million will affect less than one per cent of the population.

The province takes in over $2.1 billion a year in the land-transfer tax, and the government says any increase in revenues from the increase on luxury homes will help pay for the doubled rebates for first-time buyers.

Premier Kathleen Wynne had said the government was worried about the difficulty faced by first-time buyers trying to get into the housing market, especially in the Greater Toronto Area where the average price is $762,975.

The government also announced it is freezing the property tax on apartment buildings while it reviews how it affects rental market affordability.

The changes to the land-transfer tax are outlined in the Ontario government's fall economic statement, which says that home ownership has become a key factor in many people's long term financial security.

The Ontario Real Estate Association had asked the government to expand the land-transfer tax rebate program for first-time buyers as one way to help more of them get into the housing market.

The city of Toronto has its own land transfer tax, which offers rebates of up to $3,725 for first time buyers.

Ontario's land-transfer tax rises from half-a-per cent on the first $55,000 of a purchase price to two per cent for everything above $400,000. Toronto's land-transfer tax is one per cent on the first $55,000 and two per cent on the rest.


The Canadian Press

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Windsor Real Estate News & Information

Windsor's First Condo Project in Seven Years Completed
...Owen Wolter, windsorite.ca, April 30th, 2015 Construction is complete on the first phase of Windsor’s first condominium project in seven years. Developer Peter Valente was joined by Mayor Drew Diklens and city councillors Thursday to celebrate with a ribbon cutting. Rivertown Terrace Condominiums is located just east of Lauzon Parkway at 8475 Wyandotte Street East. The first phase features six town home units. The development will also include 50 unit apartment suites. The size of the suites will range in size from 800 square feet to almost 1,400 square feet. The development also includes a total of 70 parking spots, 20 of which will be covered garage parking which
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HOW TO TELL FACT FROM FICTION
A survey by the Real Estate Council of Ontario (RECO) reveals 41 per cent of Ontario homeowners and 45 per cent of first-time homebuyers wish they had done something differently when buying or selling their home. Among things buyers/sellers reported wishing they had approached differently when purchasing or selling their home was having a better grasp of the process (buying process: 26%; selling process 12%), seeing more houses (buying process: 21%), having a home inspection (buying process: 15%), spending more time researching and interviewing real estate professionals before selecting one (selling process: 9%), and understanding the contracts involved better (buying process: 14%; selling process: 9%)
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Report calls for whopping 51 per cent development charge hike on new housing
...The Windsor Star, March 12, 2015 The amount Windsor charges developers to build a home in the city would shoot up 51 per cent next year if council approves a consultant’s recommendation. In order for “growth to pay for growth,” Craig Binning of Hemson Consulting Ltd. told a council committee Wednesday that the city’s development charge for a new single-detached home should be raised to $27,544 from the current $18,291.
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NEW URGENT CARE CLINIC PLANNED FOR SOUTH WINDSOR
...The Windsor Star, March 12th, 2015 A new urgent care centre will be the anchor tenant in a development taking shape at the former site of Christ the King Roman Catholic Church at Grand Marais Road and Dominion Boulevard in South Windsor. The 7,000-square-foot complex also will feature a pharmacy, medical and X-ray lab and optometrist’s office, said Matt McShane, an agent at Valente Real Estate. “There are a lot of older baby boomers in South Windsor,” said McShane, adding the complex c
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WINDSOR HOUSING MARKET MAKING GAINS
...The Windsor Star, March 5th, 2015 Windsor real estate agent Bob Peters recently brought a Toronto colleague to check out a new home in Lakeshore to see what $700,000 could buy him here. The man just laughed. The two-storey, 3,300-square-foot home on Stonebrook Boulevard had four bedrooms, three bathrooms and an oversized three-car garage. It was a lot more than what $700,000 would have gotten him in Toronto. “He was laughing because it was basically what his house was worth and he’s got a three-bedroom bungalow in a nice area,” Peters said. Peters’ friend was Tony Miranda, a licensed Toronto real estate broker with 37 years of experience, who works for First Reliance, a real estate investm
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13 THINGS TO CONSIDER BEFORE TRYING TO SELL YOUR HOUSE YOURSELF
Occasionally, one can see "For Sale By Owner" signs, and some owners think that selling their own home will not only save them money, but believe they have an advantage over the sellers that have their home listed by a reputable Real Estate sales professional. Before you decide to take on this very important and legally complicated process…remember not even most Real Estate Lawyer's recommend selling your own home yourself in today's market. Here are a few of the reasons why: 1. You are limiting your exposure to potential buyers (less than 10% of what a good real estate broker will generate) which theoretically means your home will take ten to fifteen times longer to sell on the market.
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8 COMMON MISTAKES MOST HOME SELLERS MAKE
1. Failure to effectively market the property. Good marketing distinguishes your home from hundreds of others on the market, selling its benefits not just its features. Open houses and print advertising (the most obvious) are only moderately effective. Only 1% of homes are sold at open houses, and just 3% of people purchased their homes after seeing a print ad! Your Realtor© should be using other methods as well to attract prospects. Ask your sales professional to provide a list of things they will do to market your home.
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MAXIMIZING YOUR CURB APPEAL
FROM THE DESK OF.... Amy-Lynn Valente There is an old saying that goes: "You never get a second chance to make a good first impression". This is especially true with Windsor and Essex County real etate - the first impression buyers get is when they drive up to your house. If they like what they see on the outside, it sets the stage for a positive showing experience. On the other hand, if
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Windsor's real estate properties in the Essex County Area include resales and new home communities, waterfront and beachfront homes, luxury estates and acreage, golf communities, townhome villas, condominiums, building lots, bank foreclosures and power of sales.  Serving the neighbourhoods of the Windsor Essex County Area: LaSalle, Amherstburg, Colchester South, Essex, Harrow, Kingsville, Leamington, Tilbury, Chatham, Lakeshore, Rochester, Stoney Point, Belle River, St. Clair Beach, Tecumseh, East Riverside, Sandwich South, Downtown, West Windsor, Riverside, South Windsor, Walkerville, FountainbleuForest Glade, Essex and Chatham Kent Counties.

See what Peter Valente has to say in his
Real Estate Blog

Valente is very active in Real Estate Development. We develop building lots, condominiums, townhomes and commercial shopping centres. We are always looking for land for new projects.

Valente Real Estate a 44-year full service real estate brokerage for buying and selling new homes, condos, and resales and commercial real estate properties in all price ranges, home mortgages, and title insurance  in the greater Windsor, Ontario area. Valente Real Estate provides selling or buying of real estate luxury property and homes for sale with exceptional real estate professionals. Start your real estate search now!!

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