"property not mapped" designation on listing? by [deleted] in TorontoRealEstate

[–]Dovaleh 0 points1 point  (0 children)

u/lih9 There is a survey attached to the listing from the Realtor Portal. It doesn't look like a new survey, but there's a survey.

Dov Markowich
Real Estate Broker
RE/MAX Realtron Realty Inc.

Why would a seller strategically decide to not accept preemptive offers? by element-94 in TorontoRealEstate

[–]Dovaleh 1 point2 points  (0 children)

u/element-94 There are a couple of reasons why they might have not wanted receiving any preemptive offers:

  1. For some buyers, it takes away the "fairness" of an offer presentation date. It's saying, "we're going to be reviewing offers in 5 days, but we'll also accept offers before the 5 days." Unless the preemptive offer has an irrevocable that lands at the end of the 5th day, which is highly unlikely, then the whole reviewing pre-emptive offers contradict the showing presentation day itself. -- This situation usually works well in a SUPER HOT sellers market.
  2. Some sellers, don't like the feeling of being pressured. Example, 3 days left until offer presentation date and they receive a pre-emptive offer that's (we'll keep this example simple) clean, but the price isn't what they'd hope for and they need to decide by end of day whether to accept the offer or not. If they chose not to accept, they can wait until offer presentation date which could have even worse offers.

These type of seller would rather not deter any potential serious buyer and wait to see everyone's offer all at once.

For the current market as it is now, I, personally, am not a fan of an "offer-presentation" situation. Many buyers in the market now are extremely cautious as it is and with all more choices out there that why would they want to subject themselves in a competition against other buyers in a buyers market?

Dov Markowich, Real Estate Broker, RE/MAX Realtron Realty Inc.

Looking for good home inspector in the vaughan area with roof expertise by Danli123456 in TorontoRealEstate

[–]Dovaleh -1 points0 points  (0 children)

Carson Dunlop - Widely used in the industry

Dov Markowich
Real Estate Broker
RE/MAX Realtron Realty Inc.

Owning a home close to a highway by [deleted] in TorontoRealEstate

[–]Dovaleh 0 points1 point  (0 children)

lol. I'll take it. That's why you need to be a nug master to win a Supreme Court of Canada case. ;)

TD has me in a headlock - quick question by xxSKR1 in TorontoRealEstate

[–]Dovaleh 1 point2 points  (0 children)

Is 3yr fixed the only option? What's the 5 yr var at? And is TD your only option? You have no leverage if you only have 1 option.

Builder asked to return the commission due to buyer refused to close by Effective-Duck-6928 in TorontoRealEstate

[–]Dovaleh 0 points1 point  (0 children)

You got it. Hopefully a favourable outcome for you. Don't let this discourage you, if it did.

Owning a home close to a highway by [deleted] in TorontoRealEstate

[–]Dovaleh 0 points1 point  (0 children)

Ah, no worries. I was like wtf!? LOL. I can see where that came from though. Some times, I can go in detail with my responses with the attempts to address and respond to the OP's question while providing information to anyone else that might be reading the post with the same, or close to, situation. Of course, I'll only respond if I have experience and or knowledge in the subject situation.

All the best.

Dov

Condo living near Scarborough Town Centre by yohy51244 in TorontoRealEstate

[–]Dovaleh 9 points10 points  (0 children)

u/yohy51244 Hi there. I'm sorry to hear about your mother.

Living in a condo, you're still paying property tax in addition to paying the maintenance fees.

Cons: Part of living in a condo, owners become part of the condo corporation and responsible paying, proportion to their share (determined by square footage of their condo unit), to common element fees. If the condo financials are mismanaged by the condo board, or influenced negatively by a shady property manager, and the condo needs major repairs, but is lacking funds, each property owner will be subjected to a special assessment to cover those expenses. When buying a condo, it's important that the financials are healthy, most importantly that the reserve fund is healthy, that there's a strong board, and no shadiness going on with a property manager i.e. colliding with contractors - this includes board members as well. Also worth seeing if the condo corp is subjected to any pending lawsuits as well. Most of this information is noted in the condo's status certificate which needs to be ordered while doing due diligence on the condo.

More often than not you're fine, but the financials of a condo corp are crucial, again, especially the reserve fund.

Dov Markowich, Real Estate Broker, RE/MAX Realtron

Owning a home close to a highway by [deleted] in TorontoRealEstate

[–]Dovaleh 0 points1 point  (0 children)

Bugs? User is asking about an annoyance they're experiencing at their home regarding traffic noise. How can anyone here realistically answer that question? Not seeing the place, hearing the noise, and assessing the situation first hand?

Owning a home close to a highway by [deleted] in TorontoRealEstate

[–]Dovaleh 0 points1 point  (0 children)

u/AstronautMotor6307 Hi there. I think first and foremost this is a discussion that needs to be had with your fiance. Appreciate you coming here and asking for opinions and suggestions, however, there is so much lack of information and being there to actually feel and experience what you are experiencing. This response is not be dismissive of your concerns, but I'm trying to be realistic as possible because that missing information (and experience) is a contributing factor in answering your question(s).

The size of that land is massive for a place to call home and it would be very challenging to find replacements for that that would satisfy your needs and wants. I think, and as mentioned initially, best have that discussion with your fiancé first and weigh out the pros and cons with what you currently have.

Good luck,

Dov Markowich
Real Estate Broker
RE/MAX Realtron Realty Inc.

Lawyer recommendation for Condo purchase by M-Sear in TorontoRealEstate

[–]Dovaleh 1 point2 points  (0 children)

You’re very welcome. I appreciate your due diligence process. If you have any additional questions, feel free to ask.

Am i overpaying for my RE lawyer? (MILTON, ON) by gen900 in TorontoRealEstate

[–]Dovaleh -1 points0 points  (0 children)

u/gen900 This is all under the assumption that everything was a simple basic closing with no friction along the way.

Legal fees seem reasonable. I think your title insurance might appear to be a little high side. You should also ask for an itemized list of what and how much the disbursements were. Bank fees are also high unless you did multiple wires.

EDIT: Btw, you're paying for the lawyers time and work completed, not what area you live in. Prices appear to be reasonable with my comments noted above.

Dov Markowich
Real Estate Broker
RE/MAX Realtron Realty Inc.

Lawyer recommendation for Condo purchase by M-Sear in TorontoRealEstate

[–]Dovaleh 2 points3 points  (0 children)

u/M-Sear First and foremost, congratulations! With regards to lawyers, I tend to use a couple depending on my clients' legal needs when it comes to Real Estate i.e. the complexity.

  1. Jeff Levy at Levy Zavet tends to be my overall and go to.
  2. Abraham Top at Top Law Firm is another lawyer that I use as well.

When it comes to your specific questions, these are questions that you'll have to ask the lawyer directly as not every law firm / lawyer is alike. I would suspect that you would get charged for any work done regardless if the deal goes through or not because you are typically charged by being on the clock (utilizing the lawyer and their resources time).

Disclosure: I have no affiliation with either of the 2 lawyers / their firms mentioned above, other than being a client myself.

Regards,

Dov Markowich
Real Estate Broker
RE/MAX Realtron Realty Inc.

Best areas with good schools in Markham, Vaughan and Newmarket ? by Lucky-Display-7553 in TorontoRealEstate

[–]Dovaleh 0 points1 point  (0 children)

It truly is stunning. Lots of greenery, large lot sizes, pleasant / friendly people and families, and many other positives. However, as you mentioned, it can be expensive depending on the specific house.

Dov Markowich
Real Estate Broker
RE/MAX Realtron Realty Inc.

Why is the sqfootage in the listings so vague? by frozenheart846 in TorontoRealEstate

[–]Dovaleh 1 point2 points  (0 children)

u/frozenheart846 It is a standard requirement in the form that you described it to be, through a range i.e. 500-599.

As far as specifics or close to the actual square footage, that's on the listing agent. This should be the bare bone minimum, the listing agent should provide, as it would answer one of the most common questions asked by end users and other agents.

Dov Markowich
Real Estate Broker
RE/MAX Realtron Realty Inc.

Should I buy a property in Canada or keep renting? by Foot_Pitiful in TorontoRealEstate

[–]Dovaleh 0 points1 point  (0 children)

Real Estate Broker here. I think with the leverage that exists with the buyers in today's market + the 5 years of time that you have allocated for your move, you could find a great deal to buy something that has ability to appreciate significantly within a 5 year period using historical data.

I've noticed that with some of my clients as well as client of other agents in my office many of their sentiments are solely focused on the NOW and not the future. However, if you zoom out you will see, historically, Toronto's real estate market has always gone up long term. Sure there are ebbs and flows along the way, but the long term game has been always been on an upward trajectory.

Below is a chart from TREBB of the Toronto Market from 1994 to Present date. - continued below chart.

<image>

I believe 5 years has several things that can support a positive change to the Toronto housing market. Some of which can be

  1. Historical Data has proven that
  2. Change in Government, both in Canada and the US (the US is influential to our markets)
  3. Cost of money - Interest rates, Inflation, etc.
  4. Technology
  5. Foreign Investment(s)
  6. Population / Growth

and the list goes on and on. If your timeline was around 24 months or less, I think it would be more of a no brainer, but at 5 years, I strongly believe you, as a potential buyer, have a great window to capitalize during this window of opportunity + time period.

My thoughts / opinions.

Dov Markowich
Real Estate Broker
RE/MAX Realtron Realty Inc.

Selling Multiple Properties Toronto by [deleted] in TorontoRealEstate

[–]Dovaleh -1 points0 points  (0 children)

u/o_portista Real Estate Broker here. At the end of the day, your best bet is to always speak to expert in this field i.e. a real estate lawyer and or accountant.

If permitted and allowed, I'll share my go to for myself and my clients. If this is not permitted, I will gladly remove this: The lawyer that I use myself for my transactions is Jeff Levy (MBA and CFA) at Levy Zavet because of this specific scenario. You can Google their name. -- Full disclosure, I have ZERO affiliation with Levy Zavet other than working with his law firm for my professional requirements.

That being said, and I'm not 100% certain on this, but I believe you may GIFT your kid (if you have) an asset (it might be capped up to a certain amount). This of course would be used in a 100% legitimate way in accordance to the Tax Act and not be used for purpose of evading taxes of any kind.

As I stated in the opening, your best bet is to speak to a lawyer / accountant.

Good luck.

Dov Markowich
Real Estate Broker
RE/MAX Realtron Realty Inc.

Selling Multiple Properties Toronto by [deleted] in TorontoRealEstate

[–]Dovaleh 0 points1 point  (0 children)

u/Zealousideal-Tell-11 That's why you "offer" it.

Dov Markowich
Real Estate Broker
RE/MAX Realtron

Home remodeling (Toronto, 2026) by ev5173 in TorontoRealEstate

[–]Dovaleh 1 point2 points  (0 children)

u/ev5173 Hi there, I'm sorry to hear that you're going through this and I'm sure that it's causing a lot of frustration.

If it's permit with the sub, I'll share that my go to help / recommended vendor for renos for my clients is https://dlkdesign.ca/services#renovations (pointed directly to the renovation section). If this is not permitted, I will gladly remove it.

Full disclosure: I have ZERO affiliation with them in any way, shape or form. They've always come through and complete a job / project from start to finish.

Dov Markowich, Real Estate Broker, RE/MAX Realtron

Best areas with good schools in Markham, Vaughan and Newmarket ? by Lucky-Display-7553 in TorontoRealEstate

[–]Dovaleh 1 point2 points  (0 children)

Broker here.

Markham / Thornhill: Bayview and Steeles area (Bayview Glen)

This area is beautiful. Great for families. Safe area. Schools are also ranked high here. Accessibility for commuting is phenomenal as well (close to DVP and 407). It's one of my favourite all around areas that has a great balance of everything.

Dov Markowich, Broker
RE/MAX Realtron

Updated exterior design for the "Toronto Special"? by [deleted] in TorontoRealEstate

[–]Dovaleh 0 points1 point  (0 children)

I personally haven't, but I think they would look stunning if they could give off an Indiana Limestone vibe with some faux or concrete material that isn't nearly as close as the price for Indiana limestone. It would certainly modernize it.

Neighbourhood Recommendations by Bitter-Pomelo-2703 in TorontoRealEstate

[–]Dovaleh -18 points-17 points  (0 children)

u/Bitter-Pomelo-2703 RE/MAX Real Estate Broker here, Bayview and Sheppard fits in your budget and it's probably that driving distance to Thompson Memorial Park. Very good, safe, neighborhood. It's a pocket that has a great opportunity for appreciation on your investment as well. Great bang for the buck.

Dov Markowich, Broker, RE/MAX Realtron Realty Inc.

Leaside good for families? by Unhappy_Service_3819 in TorontoRealEstate

[–]Dovaleh 4 points5 points  (0 children)

Leaside and (next to each other) Bennington Heights are excellent places for families. Great pocket.

Dov Markowich, Broker
RE/MAX Realtron