MARKHAM REAL ESTATE, MARKHAM HOMES FOR SALE, MARKHAM HOUSES FOR SALE, MARKHAM MLS LISTINGS SEARCH
Markham is a town in York Region, directly north of Toronto, Ontario, Canada. With a 2001 census population of 208,615, it is larger than many Canadian cities. Markham is part of the Greater Toronto Area, and is one of the fastest-growing communities in Canada. It is twinned with the cities of Nördlingen, Germany, Cary, North Carolina, United States of America, Pearland, Texas, United States of America, and Wuhan, People's Republic of China.
Markham was first surveyed as a township in 1793 by William Berczy (Johann Albrecht Ulrich Moll 1744-1813), first settled in 1794 and incorporated as a town in 1972. Markham is the fourth-most populous municipality in the Greater Toronto Area, and home to many cultures. It claims to be Canada's Hi-Tech Capital with a number of key companies in the area, such as IBM, Motorola, Lucent, Apple, and home to the head office of graphics card producer ATI.
Markham condo is the case where an owner has a deed for unit, has a separate mortgage, pays property tax on the unit plus a percentage of the common areas and pays a monthly maintenance fee. A board of directors governs the complex with the owner having one vote. Markham condo owner has a fee simple absolute unrestricted ownership and is individually responsible for property taxes and maintenance fees. Use the sales price of condominiums with similar size, appeal, age, neighbourhood in Markham, incurring similar maintenance fees, etc. to determine market value. Ask owners in the complex what they like and dislike about both the unit and the complex. How good is the sound proofing? End units and upper units generally sell for more when sound comes into play. How is its location in the complex? Is it near downtown Markham or will you have to commute? Next to an access street, parking facility, pool? Look for units that are not adversely affected by these. Stay away from predominantly rental condo complexes in Markham, those having more occupants that are renters. They are often poorly maintained as absentee owners usually vote against improvements and increases in maintenance fees. When buying condos in Markham, it is always good to ask lots of questions.
In Markham the condo market is booming. Markham condos offer an affordable alternative to home buying. The average price for Markham condos is $300,000, but one can find condos ranging from $150,000 to several million.
Townhouses in Markham often can make an excellent "middle ground" between a detached single family home and a full fledged condominium because, to some degree, they offer attributes of both. A Markham townhouse by definition is a home that is attached to one or more other houses, but which sits directly on a parcel of land that you also own (if you don't own the land, it is a condominium). For this discussion, Markham townhouses can ranges from duplexes and triplexes all the way through huge townhouse communities consisting of hundreds of similar homes. There is a good degree of variance in the way townhouse communities are structured. It may be a simple agreement (as is often the case of duplexes and triplexes) that each parcel of land and the home that sits on it is separately owned. In the case of larger townhouse communities, you will generally have an additional shared ownership in the common areas of the complex as well as any amenities such as swimming pools, park areas, etc. This ownership you will share jointly with all other townhouse owners in the complex. In any townhouse purchase that involves a Markham Homeowners' Association, it is vitally important to get as much information as you can, since the association can have a considerable impact on your ownership experience.
Markham townhouses are a popular Markham housing option with average price ranges $150,000 to $300,000. New townhouses are being built throughout Markham.
What do Markham luxury home buyers consider when looking for the luxury home of their dreams? Many want homes in which they can entertain their friends, so an open floor plan with a spacious kitchen is preferred. Some affluent buyers consider a pool and a large backyard important features in the home they'd like to buy. Other factors, such as proximity to the airport and vacation homes, might also need to be considered. Here are some more factors that customers should consider when buying a luxury home: Is there fine dining nearby? What types of entertainment are close by? Theatre, orchestras, boating, skiing, etc. Does the homeowner want a serene environment? Then seclusion and natural beauty is a consideration. Is a gated community preferred over a non-gated one? Is it in close proximity to country clubs and golf courses, as well as desired employment? Is distance to a vacation home a consideration? The right Markham location could save valuable time that would have been otherwise spent commuting. Will there be an au pair or live-in servant staff? If so, then consider a property that provides separate living quarters. Although the primary reason for buying a home is almost always personal enjoyment, the acquisition of a Markham luxury home or property also opens a door to an investment return, all the more reason to work with a Markham real estate professional specializing in Markham luxury homes for sale.
It is becoming a popular trend in Markham to buy a home as an investment property. Markham homes with a pleasant view of the horizon often sell at a premium above similar homes without the view. Even though most real estate value is usually concentrated in the building, the lot is important, too. Obviously, it should be as level as possible. Assuming the property is in a typical neighbourhood, the lot should be rectangular – no odd shaped lots or oddly situated lots. Yard sizes are smaller in modern homes than in older homes, but there should still be a decently sized front and back yard. Do not buy a house where the entire back yard is taken up by a swimming pool, for example. Do not purchase an over-landscaped property, either. You would normally pay a premium for that, which you may not be able to recover when you sell. You will get your best value if the house is moderately landscaped or under-landscaped for the area. You can always improve the landscaping during your ownership by improving the grass and adding bushes and trees. This will improve the value of your Markham investment property. In each Markham residential neighbourhood, houses will vary in size and rooms, but they should not be too different. When resale value is important consideration, you should not buy the largest model in the neighbourhood. When determining market value, the homes nearest to yours are most important. If most of the nearby houses are smaller than your house, they can act as a drag on appreciation. On the other hand, if you buy a small or medium house for the neighbourhood, the larger homes can help pull up your value. This is one of those times where determining your "wants" versus your "needs" can be extremely important. Buying what you need in a more prestigious neighbourhood may provide more financial reward than getting what you want in a less desirable neighbourhood of Markham.
Three and four bedroom houses are the most popular among Markham homebuyers, so if you can stick in that range you will have more potential buyers when it comes time to resell your Markham investment property. Five is okay, too, as long as you do not have to pay too much extra for the additional bedroom. There should always be at least two bathrooms in a house, preferably at least two and a half. One bathroom with a place to wash up for day-to-day visitors, one for the master bedroom, and at least one to be shared by the other bedrooms. Walk-in closets are extremely desirable for the master bedroom. For the rest of the house, just be sure there is plenty of closet space. Don't forget space for linens and towels.
Garages add to the resale value to your investment property and you should always make sure to get at least a two-car garage. Lately, three-car garages have become desirable in some areas of the country. The laundry facilities should be located somewhere convenient on the main floor of the house, but not in a place it will create an eyesore. Think about whether future purchasers will want to walk up and down stairs when carrying loads of laundry.
Family activity centers around the kitchen, so this is the most important room of the house. Larger kitchens are better, and they should be provided with modern appliances. Obviously, the dining room and breakfast nook should be located adjacent to the kitchen. In newer Markham houses, the family room should also be extremely close to the kitchen. There should be easy access to the back yard, as there will be occasions for barbecues and outdoor entertaining. In addition, it should be a short trek between the garage to the kitchen so hauling groceries in from the car does not become a horrendous chore. Swimming pools do not provide as much added value as they once did. Safety issues about families with younger children have become more publicized than in the past, so families with small children tend to avoid homes with pools. As a result, having a pool may actually reduce the number of potential homebuyers when you try to resell the home in Markham.
Markham offers many investment opportunities. With a slow stock market and a boom in the housing market, Markham is the ideal place to make an investment in resale homes. Duplexes (also known as semi-detached homes) in Markham offer an affordable housing alternative to a detached house. Duplexes are buildings that consists of two dwelling units, one above the other under the ownership of a single person. Usually each unit has each own separate lot and entrance. Duplexes can be found throughout Markham. Prices for Markham duplexes can vary greatly depending on location. For example the average Markham duplex sells for $200,000-$500,000. Triplexes (also known as row homes) in Markham offer an affordable housing alternative to a detached house. This is a building which consists of three units, all owned by the same person. Usually each unit has each own separate lot and entrance. In Markham triplexes are not as common as duplexes.
There are two commons types of bungalows in Markham. The first a detached, single family dwelling with one level above ground, on its own lot, and completely separated from any adjacent housing. The other is a semi-bungalow. Semi-bungalows are detached, single family dwelling with one and a half levels above ground, on its own lot, and completely separated from any adjacent housing. This is sometimes referred to as a storey and a half. Some home buyers prefer bungalows because of their cozy home feeling.
When our Markham and area real estate clients are thinking of buying a home, they sometimes wonder aloud about the most important thing they should consider. Of course, they need to find a home that provides everything they need in a home, but after that? We often reply with the phrase, "location, location, location." It's become an almost hackneyed phrase, but it still has meaning.
Where a home is located is the most important factor in it's value -- both now and in the future. For example, suppose you are buying a new home in Markham and area and have a choice between two identical houses. One is located close to the center of the tract and the other backs up to a potentially busy street. The house in the center of the tract will have a greater value. On the other hand, you may be able to buy a four bedroom house on the edge of the tract for the same price it would cost to buy a three bedroom house on the interior of the tract. And so on...
In an old-fashioned Markham neighborhood with square blocks, a house in the middle of the block will have more value than an identical house located on the corner. Corners have more traffic. A single family Markham house in an area where there are mostly other single family homes will retain its value better than a similar home in an area where there are apartments, condominiums, or businesses -- not because apartments and condo are "bad" -- but because the neighborhood is fairly homogeneous. All the properties are similar to one another. . And so on...
A home in a thriving vibrant community of Markham will have more value than a home in a city where industries are failing, the roads are uncared for and schools are on the decline. All other things being equal, a home in a desirable Markham location is more valuable than an identical or similar home in a less desirable location.
So when deciding what you "need" in a home versus what you "want" in a home, sometimes it makes sense to settle for what you need in a desirable location -- providing resale value is important to you. That's all real estate agents mean when they say "location, location, location." Location is important because it is the greatest determining factor in value.
When you first arrive in Markham, you will probably live in a temporary home for at least a few weeks. Once you get settled, you will want to find something more permanent. Markham has many different types of housing. Prices vary considerably, depending on where you live, and whether you choose a house or an apartment.
Finding a place to live can take several weeks. There are three separate steps. Deciding how much you can afford to pay, how many rooms you need and where you want to live. Finding the apartment or house you want. Completing the legal contract to rent or buy. Deciding whether you want to rent or buy a place to live is a big decision. Your decision will depend on where you want to live, how much money you have and whether you have a job in Markham. Most newcomers to Markham decide to rent an apartment or a house when they first arrive in Markham. This gives them a chance to save for a house and decide where they want to live.
There are many different types of housing available in Markham.Room for rent: This is usually in a house or an apartment that is owned or rented by other people. Everyone shares the kitchen and bathrooms. Bachelor or studio apartment: These are small apartments designed mainly for one person. They have one large room with a kitchen and a sleeping area, plus a separate bathroom. Other apartments: Most other apartments have from one to three bedrooms. All will have a separate kitchen, a living room and a bathroom. Duplex: This is a house divided into two separate apartments. It may be bought or rented. Townhouse: This is a small house joined to other houses. It may be bought or rented. Condominium: This is an apartment or a townhouse that is individually owned. Common areas are jointly owned. You will have to pay a monthly fee for maintenance, such as snow removal, grass cutting and repairs. You will have to pay property taxes.
The cost of housing varies widely. Prices depend on the location, age and condition of the apartment or house, and the local market. You can expect to pay from $350 a month for a room to $2,000 a month for a luxury apartment or a house. Housing is usually less expensive if it is outside a large city. Purchase prices for houses range considerably depending on the city, town or location where you buy.
When you are budgeting for your housing costs, you may have to allow as much as 35 to 50 percent of your income. This should include the cost of such things as heating, electricity and other utilities.
Buying a house or a condominium is a big step. You may want to wait until you have been in Markham a few years before you become a home-owner.
Most homes in Markham are sold through real estate agents, but some are sold privately. When you buy a house, you should work with a real estate agent, who will help you choose one that is right for you. There are many hidden costs and fees in buying a house. They may include lawyer’s fees or notary’s fees, and taxes. There are also costs to maintain a house, and costs for utilities, insurance, and so on. Make sure you know exactly what your costs will be before you buy.
Unless you have enough money for the full price of the house, you will need to arrange a long-term loan known as a mortgage. Mortgage loans are available from banks and other financial institutions. When you have decided on the house that you want to buy, we, your real estate agents, will help you prepare a written offer. The offer normally includes a deposit. If the seller accepts the offer, it becomes a legal agreement to purchase.
You have the right to live anywhere you choose. The Canadian Charter of Rights and Freedoms protects you from discrimination on the basis of color, creed, sex, age or disability. Provincial laws also protect tenants from discrimination.
How exciting that you're considering homeownership! The differences between renting and buying a home in Markham are vast, and there's a long list of pros and cons for both options. And remember — there is no one best decision for everyone. Before moving forward, though, there are some important considerations to keep in mind.
Affordability should be a main concern. Your monthly income must cover mortgage payments and homeownership costs and still allow you to live comfortably. After all, you still need to pay for food, clothing, transportation and other living expenses, not to mention vacations and the other activities in your life. Nobody wants to end up "house poor"!
Whether homeownership is for you, however, depends on if you are ready both financially and emotionally for the change. After all, buying a home isn't just about money — you should listen to your heart…and take an honest look at your lifestyle. So, you've determined that you are emotionally ready for homeownership. Now comes the real test - determining whether or not you are financially ready for this type of investment. First of all you should determine the maximum Toronto home price that you should be considering — before wasting your time looking at homes that you can't really afford.
First, though, it is a good idea to evaluate your present household budget. You need to know how much you are currently spending each month on living expenses. This will give you a better idea of whether or not you can afford the extra costs that come with being a homeowner.
Unless you are a seasoned veteran at the Markham homebuying game, you will definitely want a team of professionals in your corner. Of course, there are legal implications to buying property, but it is quite an emotional event, as well. It will give you peace of mind to have experts to call on who can give you the correct answers to your many questions along the way. During the homebuying process, there are several specialists whom you may choose to hire: Real estate agents, Lenders or mortgage brokers, Lawyers or notaries, Insurance brokers, Builders or contractors, Home inspectors, Appraisers, Land surveyors.
Finding the right home is not only about what is contained within the four walls of the structure. Although the inside of your house is important to your needs, comfort level and "feeling at home", the space outside the house should also be taken into consideration when looking for a new home. Many a dream home has been sold by unhappy people who did not consider location in their homebuying decision. Is there a lot of heavy traffic in the neighbourhood? Will children have to take a bus to school? How long a commute will you have to work each day? How close together are the homes in the area? These are only a few of the neighbourhood factors you should consider when choosing a new home.
There are many up-front costs of which you should be informed before jumping feet first into the Markham homebuying process. You should also be aware, however, of some of the post-closing costs that are associated with homeownership. Some of these items and services can really add up and take many new homeowners by surprise. One expense to consider is that you should change the locks on all doors in your new home as soon as possible after the closing date.
Good maintenance on a regular basis is a crucial part of keeping your home in top condition, both for your enjoyment and for the future resale value of your house. If you do not care to or feel capable of performing these tasks yourself, you may want to hire a qualified person to help you. While most maintenance is seasonal, there are some things you should do on a frequent basis year round: Make sure intake, exhaust and forced air vents indoors and outside are not blocked. Check and clean range hood filters on a monthly basis. Test the ground fault circuit interrupters on electrical plug-ins monthly by pushing the test button, which should then cause the reset button to pop up. If there are young children in the house, make sure electrical outlets are equipped with safety plugs. Regularly check the house for safety hazards such as a loose handrail, lifting or buckling carpet, etc.
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Anna and Alex’s Tips
Townhouses in Markham often can make an excellent "middle ground" between a detached single family home and a full fledged condominium because, to some degree, they offer attributes of both. A Markham townhouse by definition is a home that is attached to one or more other houses, but which sits directly on a parcel of land that you also own (if you don't own the land, it is a condominium). For this discussion, Markham townhouses can ranges from duplexes and triplexes all the way through huge townhouse communities consisting of hundreds of similar homes. There is a good degree of variance in the way townhouse communities in Markham are structured. It may be a simple agreement (as is often the case of duplexes and triplexes) that each parcel of land and the home that sits on it is separately owned. In the case of larger townhouse communities in Markham, you will generally have an additional shared ownership in the common areas of the complex as well as any amenities such as swimming pools, park areas, etc. This ownership you will share jointly with all other townhouse owners in the complex in Markham. In any townhouse purchase that involves a Markham Homeowners' Association, it is vitally important to get as much information as you can, since the association can have a considerable impact on your ownership experience. Markham townhouses are a popular Markham housing option with average price ranges $250,000 to $300,000. New townhouses are being built throughout Markham.
YOU NEED A BUYER AGENT!
If you're a first-time buyer, if you are relocating or unfamiliar with the local market, or you're buying for investment and want negotiating help, or if you need to purchase anonymously , you need a Buyer's Sales Representatives!
AS BUYER’S SALES REPRESENTATIVES WE WILL:
Show you available homes.
Point out the property's features.
Point out strengths and weaknesses of the property.
Provide financing information and CMA (Comparison Market Analysis).
Structure and submit the offer to purchase.
Find out whether the seller would accept a lower price.
The seller's reason for selling and timetable.
Reveal how long the home has been on the market.
Tell you about previous offers and counter offers for the property.
Negotiate the best price and not disclose any information that would hurt you.
Help you to obtain financing that is in your best interest.
Will advise you as to the long-term investment potential of the property.
Review and explain all legal documents.
Provide a list of mortgage consultants, attorneys, qualified movers, carpenters, appraisers, engineers, architects, contractors, and home inspectors.
We will safely get you through to closing - without any surprises!
You will receive all this services absolutely F R E E. We are compensated for our work by commissions paid by the seller when the property is sold and deal is closed.
You are welcome to ask any questions.
Call Alex & Anna Cell: (416) 723-9383 E-mail: email@example.com
Alexandre Malkhassiants, Sales Representative & Anna Falileeva, Sales Representative
Right at Home Realty Inc., Real Estate Brokerage
YOU NEED A BUYER'S SALES REPRESENTATIVE!
Markham real estate, Markham homes for sale, Markham houses for sale, Markham MLS listings search
www.torontogreathomes.com is your gateway to Markham real estate. Our site makes your search for Markham real estate and Ontario homes for sale very easy. The site includes all Markham MLS listings in a searchable online database. Search all of our Markham houses for sale and find your perfect home! Then call us Cell: (416) 723-9383 or email firstname.lastname@example.org and we'll set up an appointment to see the property. Good luck and happy browsing!
Get New Toronto MLS Listings By E-mail Now!
To receive complete and up-to-date mls listings for your area visit our MLS Search page, fill up your information or call Alex Cell: (416)723-9383 or Anna Cell: (416)624-9383
Alexandre Malkhassiants, Sales Representative & Anna Falileeva, Sales Representative
Right at Home Realty Inc., Real Estate Brokerage
This is not intended to solicit property currently listed with any other brokers. Information is deemed to be correct but not guaranteed.