Suzanne Mills Sales Representative

Direct: 905.925.LIST (5478) Office: 905.723.5944

suzanne.mills@kw.com

Tight Market Drives Double-Digit Price Growth

April 4, 2012 -- Greater Toronto REALTORS® reported 9,690 sales through the TorontoMLS system in March 2012. This result was up by almost eight percent in comparison to the 8,986 deals reported during the same period in 2011.

“The GTA resale market has not suffered from a lack of willing buyers this year. Buyers have been spurred on by the positive affordability picture brought about by low mortgage rates,” said Toronto Real Estate Board President Richard Silver.

“The challenge has been a lack of inventory. Many listings have attracted multiple interested buyers. Strong competition has led to annual rates of price growth well above the long-term average.”

The average selling price in the GTA was $504,117 in March – up by 10.5 per cent in comparison to March 2011. “The number of new listings was up last month in comparison to March 2011.

However, based on the historic relationship between price and listings, the GTA resale market should be better supplied. If

Compliments of Suzanne Mills Keller Williams Energy Real Estate Brokerage

Lets-Make-It-Happen.ca

The Real Deal—Realty Report

competition between buyers remains as strong as it is right now, we will almost certainly see an average selling price above $500,000 for 2012 as a whole,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

For full market report contact Suzanne Mills 905.723.5944 or suzanne.mills@kw.com

Recent Homes Listed & Sold by Suzanne

HAPPY SELLERS SOLD by Suzanne in 12 hours

SOLD FOR OVER ASKING! Let’s Make It Happen!

HOUSE ALERT – I have a buyer looking for a Jeffery home that backs onto the

golf course, park or pond!

Matthew McDougall 647.299.5084 www.NaturalDesignSCAPES.info

Our focus lies in the construction of all of our projects, and we are committed to the quality of design and durability in our craftsmanship. We pride ourselves in our ability to build outstanding relationships with our clients as well as interpreting their needs. Bottom line, we complete each project on time, with artistic integrity and most importantly on budget.

Featured Vendor

Not intended to solicit those currently under contract with a brokerage.

April 2012 Volume 2 Issue 4

Lets-Make-It-Happen.ca

A Word From Suzanne

Are there risks selling your home privately? Is it worth the commission savings? There are definitely pitfalls selling privately, here are some points for your consideration. Expenses. You carry the all the costs of advertising and marketing. Market Exposure. Many private sellers don’t have the knowledge or resources to expose the property to potential buyers cre-ating enough awareness. A professional REALTOR has access to existing buyers and can tap into national and international advertising and marketing channels. Lack of market knowledge and pricing ability. Without access to the latest sales records and statistics it is very difficult to price a home for a favorable result. Buyers quickly become savvy with the market. To high and you won’t sell too low you will lose out financially defeating the purpose of selling privately. Lack of experience/skill in negotiation. A prudent buyer will leverage that you’re selling privately and want more of the sale price, and the savings should go to them. Consider your negotiation skills; it will be it difficult if not impossible to achieve the detachment necessary to reach a mutually beneficial agreement. Legal and liability issues. Apart from the need to achieve familiarity with sale contracts and other legal documents, or pay an attorney to review them. Private sellers potentially face liability issues. Laws dealing with property sales have become much more complicated in recent years. Unqualified buyers. Rules have changed in Canada over of the last 4 years tightening up purchasing power for buyers; as a private seller it is difficult to establish the financial capabilities of potential buyers. Preventing you from making solid decisions about who you allow into your home and draft an agreement with. Security. A private seller has no screen between you and potential buyers — or potential crooks who may use the opportunity to get inside your home and steal, or "case" the property & security systems for a much bigger crime at a later date.

Community Events in Durham

Last Night of the Proms When: April 29, 2012 3:00 PM Where: 505 Adelaide Avenue E, Cathy Brown (905)579-6866 A program of British popular and patriotic music

National Youth Week When: May 1-7th Where: Various Oshawa Facilities 905-436-3311 x2654

Vision Care Centre, DR. BLACK

OPTOMETRY & Associates 136 Simcoe Street North,

Oshawa, Ontario 905.723.4191

Stars on Ice Where: General Motors Centre When: May 1 2012, 7-10pm

Hearth Place Yard Sale Where: Hearth Place Cancer Support Centre Parking Lot When: May 12, 2012 8am-1pm

Northview Community BBQ When: 22-May-2012 Where: Northview Community Centre 905-436-3311

Did You Know...

Routine eye exams are important — regardless of your age or your physical health. During a comprehensive eye exam, your eye doctor does much more than just determine your prescription for eyeglasses or contact lenses. He or she will also check your eyes for common eye diseases, assess how your eyes work together as a team and evaluate your eyes as an indicator of your overall health. Eye doctors can be the first health care professionals to detect chronic systemic diseases such as high blood pressure and diabetes.

This Month’s Testimonial I loved working with Suzanne Mills. She was so knowledgeable, energetic and a breeze to work with. I knew I was in good hands with her. She took the time to understand my needs and wants with buy-ing my first rental property. She also assisted me with a calculation to determine if my prospective rental property was financially viable and worthwhile. She explained the difference between the rental being a money maker vs a hobby. Even after the sale she was there for me to answer my questions and help with a few issues that I had experienced after the fact with my tenants. Because she has her own life experience with owning rental properties I trusted her judgement and advice. She takes her job seriously and is good at. I can't wait to buy another property so I can work with Suzanne again. I would definitely recommend Suzanne to anyone buying or selling property. Sheri Tate