Contact Me

Iris Khodkar & Evelyn Lee Sales Representatives
RE/MAX West Realty Inc., Brokerage Independently owned and operated
148 King Road
Richmond Hill, Ontario   L4E2T4

Office 289-234-8552Toll Free 1-866-787-1629

 CLICK HERE FOR INFORMATION ON NEW CONDO PROJECTS                                                                                                CLICK HERE FOR CHINESE WEBSITE!

Featured Listings

  • Questions to ask when choosing a Realtor to Buy your Dream Home!

    Thinking of hiring a real estate agent? Roughly 88% of buyers purchased their home through a real estate brokererage according to the National Association of Realtors! If you are thinking of hiring a real estate agent, here are some questions to ask: 

    1. IS THERE ANYTHING ABOUT THE HOME THAT CONCERNS YOU?

    Sellers might not tell you everything you need to know about the home. Your buyer agent however, will know a bit more about properties than an average person. Take time to ask your agent if there's anything about the house that could be a potential problem. 

    2. DO YOU REPRESENT BOTH BUYERS AND SELLERS ON A SINGLE TRANSACTION?

    When an agent represents both the buyer and seller, this is called a dual agency or multiple representation. This type of representation often presents a conflict of interest. A dual agent can write an offer but cannot provide you with any advice since the agent cannot advocate for you and the seller. Therefore, a dual agent may not have your best interest in mind. 

    3. HOW LONG HAS THIS HOME BEEN ON THE MARKET?

    When going out and seeing properties with your agent, an important question to ask is how long the home has been on the market! Note that if the home is very new to the market, you'll have less leverage when it comes to negotiating the sale price. Also, if the home has been on the market for a long time, you should ask why. There's a possibility that the listing price is too high! 

    4. WHAT ARE THE TERMS OF THE BUYERS AGENCY AGREEMENT?

    Working with a buyer agent is beneficial in that the agent has your best interst in mind and is working only for you! Once you decide to work with a particular agent, you will most likely need to sign a contract that gives the agent the exclusive right to show homes to you. This contract is called a Buyer Agency Agreement, or a Buyer Representation Agreement. This agreement can last anywhere from 3-12 months. Before signing the agreement, you will want to find out the conditions of the agreement, so make sure you ask the agent! 

    5. WHAT IF I AM NOT SATISFIED WITH YOUR SERVICE?

    There could be a chance that you might not find your agents service all that great. Ask your agent if he or she offers a satisfaction gurantee if you're unsatisfied with the service provided. 

    6. WHAT ARE SOME THINGS YOU LIKE ABOUT THIS HOME?

    Remember, a Real Estate Agent has more knowledge about homes than an average person. Make sure you ask for the agent's opinion on some things he or she likes about the home. This is helpful because it can be easy to miss some details during the exciting and hectic process of buying a home. The agent might mention some features or neighbourhood amenities you overlooked. You could be so overwhlemed during the home tour that you fail to notice extra storage space, or your favorite store down the road! 

    7. IS THIS A REASONABLE PRICE?

    Unless you're working with a dual agent, you should be able to get a fairly honest answer when it comes to the listing price. Considering the agents expertise with the market, he or she should be able to tell you if the sellers asking price is within a reasonable range. 

     

    Have Questions regarding Real Estate? The Iris and Evelyn team are here to help! With their countless years of buying and selling Real Estate Properties, their experience and knowledge can help you make the right choice!

    Visit us on Facebook: https://www.facebook.com/irisandevelynteam/?fref=ts

  • Support Young Creatives at TMS School's Holiday Market

    Richmond Hill's Toronto Montessori Upper School will be hosting their first annual Holiday Marketplace on Saturday, November 18th to help raise funds for the school and local community programs. Come out to support young entrepreneurs and artisans as they sell their unique hand-made crafts and other goods. Local celebrities will also be stopping by to help promote the event and encourage and empower the youth of today. Maybe you'll find your next mantlepiece among the goods or your next special treasure that'll bring a smile to your face knowing that you supported a great cause.

    Richmond Hill is a great place to consider moving to if you're in the market for a new home. Its strong sense of community is evident in events like the TMS School Holiday Marketplace, which promotes the creative development in youth as well as provides the community a place to celebrate creativity and entrepreneurship. For those looking to make the move to Richmond Hill, 108 Martini Drive is a great candidate for your family.

     

     

    This beautifully finished 4 bedroom residence situated in an established Richmond Hill neighbourhood with fantastic curb appeal is the perfect place to call home. The lovely property features a double car garage and a private driveway, plus landscaped gardens.

     

     

    As you enter this luxurious home, you will immediately take notice of the upscale hardwood flooring, crown moulding, pot lights, and high-end interior light fixtures, yielding a sophisticated essence. The plethora of picture windows throughout provide the residence with an abundance of natural light. Spend relaxing evenings at home in the family room, featuring a fireplace for those chilly nights, or host dinner parties in the spacious dining room just off the foyer.

     

     

    The modern eat-in kitchen comes equipped with granite countertops, upgraded cabinetry, tile backsplash, and stainless steel appliances. Enjoy home cooked meals in sunny breakfast, or step out to the large back deck and landscaped yard with a wood fence for privacy, perfect for grilling or savouring your refreshments outdoors.

     

     

    Ascend the beautiful wood staircase to the upper level, where you will find the Master Suite with a walk-in closet and modern 5-piece ensuite featuring dual sinks, a stand up shower and separate jacuzzi tub. The residence boasts 3 additional sizeable bedrooms on this level, with one including a private 4-piece ensuite washroom.

     

     

    Furthermore, this delightful home has a fibre-cement paneled finished basement with an expansive recreation room, plus plenty of storage. With a tasteful decor and functional layout in a fantastic location, any family will adore 108 Martini Drive!

     

    Iris Khodkar

    Sales Representative

    RE/MAX West Realty Inc., Brokerage
    Each office independently owned and operated

    D: (416) 953-8552

    O: (905) 731-3948

    E: iriskhodkar@gmail.com

    Evelyn Lee

    Sales Representative
    RE/MAX West Realty Inc., Brokerage
    Each office independently owned and operated


    D: (416) 230-5925
    E: evelynleeremax@gmail.com

  • Questions to ask when choosing a Realtor to Sell your Home!

    Thinking about hiring a real estate agent? Roughly 88% of buyers purchased their home through a real estate agent ot broker according to NARS, The National Association of Realtors. Approxitmatly 89% of sellers used the services of a Real Estate Professional when selling their home! 

    If you are thinking of using a real estate agent, here are some questions to ask: 

    1. WHAT IS YOUR EXPERIENCE? 

    When choosing a real estate professional, check to see that he or she has an adequete amount of experience. You'll want to make sure you're in capable hands considering the purchase or selling of a home involves a significant sum of cash! Also check the agent's credentials to make sure he or she is properly licensed

    2. HOW DID YOU COME UP WITH THE LISTING PRICE? 

    If you are on the selling side of the transaction, a real estate agent will be of good assistance when coming up with a realistic listing price. A good agent will prepare a comparative market analysis in order to come up with the best price. Factors such as the condition of your home, its size, and the current housing market are things that a professional will take into consideration. 

    3. HOW IS YOUR COMMISSION BROKEN DOWN? 

    When selling your home, you usually pay a fee to the buyers agent as well as your agent. The fee can range from 4-6% of the sale price. When choosing an agent, find out what the agents fee is and what services come with that fee. 

    4. HOW MANY SALES HAVE YOU MADE IN AND AROUND MY NEIGHBOURHOOD? 

    Check to see if the agent is familiar with your area. If not, you might want to consider another agent who is. An agent who is knowledgeable of the schhool district, nearby stores and amenities of the neighbourhood could mean the difference between a quick sale and a stalling on the market. 

    5. WHAT IS YOUR MARKETING STRATEGY?

    Ask your potential agent what his or her plan is to sell your home. The agent should have a strategy that includes online, print, and in person advertising. If anyone of these methods are missing, you might want to move onto a person using a variety of advertising methods. 

    6. WHAT IS THE BEST WAY TO REACH YOU?

    You'll likely have a lot of questions about the process of selling your home ESPECIALLY if you are a first time seller. Knowing the best way to communicate questions or concerns, as well as the best times will make your life a lot easier for you! Ask whether email, phone or text is better and inquire about how contact should be made if there is an urgent matter. 

    7. WHAT IS YOUR METHOD OF FOLLOWING UP WITH OPEN HOUSE ATTENDEES?

    A good agent will keep track and follow up with potential buyers. He or she should know how many buyers were at the open house and have their contact information! 

    8. IS THIS YOUR FULL TIME JOB? 

    If the agent is juggling another job or two, he or she might be too distracted or busy to get back to you within a reasonable time. You'll also have to worry about whether or not the agent has time to update his or her skills and stay on top of the latest developments within the industry! Make sure the agent you're working with is dedicated to the industry and is working full time perfecting his or her craft! 

     

    Have Questions regarding Real Estate? The Iris and Evelyn team are here to help! With their countless years of buying and selling Real Estate Properties, their experience and knowledge can help you make the right choice!

    Visit us on Facebook: https://www.facebook.com/irisandevelynteam/?fref=ts

     

  • New Mortgage Rules to be set in 2018

    Canada's top banking regulator, The Office of The Superintendent of Financial Institutions (OSFI) have published the final version of its new mortgage rules which includes a requirement to "Stress Test" borrowers with uninsured loans to ensure they can withstand higher interest rates. The changes will be offiicial as of January 1st, 2018.

    Borroweers with a down payment of under 20% for a home must purchase mortgage insurance. Even though borrowers pay an insurance premium, the beneficiary is actually the lender since the insurance protects the loan giver in the event the borrower defaults the loan. Anyone who puts down more than 20% of the value of a home doesn't have to pay such insurance, and is known as an "uninsured borrower" 

    The Stress test is designed to simulate borrowers financial situation by assuming they would have to pay back the loan at the posted average and not whatever deal they were able to negotiate. Borrowers would be stress tested at either the five year average posted rate, or 2% higher than their actual mortgage rate- whichever one is higher. Notably, the new stress test rule will not apply to mortgage renewals as long as they are with the borrowers existing lender. 

    It is believed that the housing markets reaction to the last stress test rules in 2016 are a good example of why the OSFI compelled to act again. As of August, insured mortgages were down 4.5% in 12 months since the subjecation of the last stress test. Uninsured mortgages grew 17.3%. This suggests that homeowners were doing anything to get their downpayments above 20% in order to avoid failing a stress test and getting locked out of an insured mortgage! 

    Have Questions regarding Real Estate? The Iris and Evelyn team are here to help! With their countless years of buying and selling Real Estate Properties, their experience and knowledge can help you make the right choice!

    Visit us on Facebook: https://www.facebook.com/irisandevelynteam/?fref=ts

  • Advice for those buying investment properties

    There is no doubt many Canadians dream of owning investment properties. There's many advantages to it! For instance, renting spaces out as commerical or residential areas can generate a substantial income over time! There's a variety of options to choose from as well. Among the many options, individuals can invest in second homes, townhouses, condo's, duplexes, rooming houses or multi unit residential buildings! 

    Although the advantages are great, there are many things to consider when buying income producing properties. Below are tips you can use to securly land your own investment propety: 

    1. CHECK YOUR FINANCES

    Before you invest in a property, make sure you firstly meet with a mortgage broker or an investment-friendly bank! Most buyers do not realize that a 35% down payment is required to purchase an income property. Even though you can sometimes finance your downpayment by refinancing your current residence with a line of credit, it's good to check with your bank in order to avoid any surprises. Other alternatives maybe availble as well like using a private lender or going through a vendor take back (VTB). 

    2. WHAT DOES THE PROPERTY HAVE TO OFFER? 

    It is best to invest in a property located in a familiar neighbourhood. Having nearby amenities is a good selling function when searching for potential tenants. Most tenants prefer to be within walking distance of public transportation and local services. 

    3. DO YOUR DUE DILIGENCE 

    When looking for a property to invest in, it's helpful to do your research. Whether that research is online or through a professional Real Estate Salesperson, it's important to visit the property in person and view the units carefully. If you come across a suitable property, make sure you have a conditional offer on a building inspection, obtaining financing and mortgage appraisal, reveiwing the leases, income statements, expenses, fire retrofit certificate, if applicable, and any other items recomended by a professional. 

    After gaining access to all that information, calculate the costs of repairs and improvements needed after the inspection and present it to the owner. Often times, an adjustment to the sale price is performed, unless the costs of repairs and improvements were already reflected in the price presented! 

    4. UNDERSTAND RESIDENTIAL TENANCIES ACT OF ONTARIO (RTA) 

    When buying a second property, you become a landlord. This means that you will be taking on extra responsibilities and must be familiar with the Residential Tenancies Act of Ontario. While you can hire a property manager to deal with the day-to-day workings, you will still need to understand the RTA and its updated legislation!!

     

    Have Questions regarding Real Estate? The Iris and Evelyn team are here to help! With their countless years of buying and selling Real Estate Properties, their experience and knowledge can help you make the right choice!

    Visit us on Facebook: https://www.facebook.com/irisandevelynteam/?fref=ts

  • Celebrating 15 Years of the Richmond Hill Studio Tour

    Want to get to know the local talent and culture of Richmond Hill? Starting on Friday, October 13th until Sunday, October 15th is the Richmond Hill Studio Tour. This city-wide tour has stops at significant local galleries, clubs and centres like the Burr House Craft Gallery, Heritage Centre, Boynton House, Mill Pond Gallery, Richland Academy, Curtain Club whose spaces will be transformed into gallery space for talented local artists. The day-long event will conclude at 5 PM every day and is free for anyone to attend.

    Richmond Hill is a fantastic place to consider putting down roots if you're thinking about relocating. With events that help promote creativity and celebrate culture like the Richmond Hill Studio Tour, there is always something interesting to do. For a great example of a home in the area, look no further than 199 Kingshill Road.

     

     

    Nestled in the coveted Oak Ridges neighbourhood, this gorgeous 4 bedroom residence is the spacious family home you’ve been searching for! The fabulous curb appeal draws you in, with beautiful stone and brick exterior, a professionally landscaped yard with mature shrubbery, and a large private driveway leading to the double car garage.

     

     

    As you step through the double front doors into the airy foyer, you will be drawn to the bright sitting room, detailed with gleaming parquet floors, a 9’ ceiling, and large picture windows overlooking the front yard- perfect for receiving guests. Just down the hall, the sophisticated formal dining room is an entertainer’s dream, with ample room to host intimate gatherings or large parties alike. The adjoining family room has a welcoming essence, with an abundance of windows that allow soft natural light to fill the room, beautiful hardwood floors, and a fireplace for cozy nights at home.

     

     

    Separated by Roman-style pillars, the family room opens to the modern eat-in kitchen, equipped with granite countertops, tile backsplash, ample cabinet space, and quality stainless steel appliances including a dishwasher, stove, and double door refrigerator. The sunny breakfast area with a multitude of windows and two skylights is perfect for enjoying home cooked meals and conversation, or step out to the deck overlooking the fenced-in yard to savour your refreshments.

     

     

    Ascend the staircase and make your way through the French doors into the Master Suite with a private balcony, walk-in closet, and spa-like 4-piece ensuite featuring a separate soaker tub. The residence boasts 3 additional sizable bedrooms on this level, each with access to a washroom.

     

     

    Furthermore, this remarkable home has a clean, unfinished basement that the new owner could customize to suit their needs. With a fantastic layout and tasteful decor in a highly-sought after location, 199 Kingshill Road has it all to create fond memories for your family!

    To learn more about this property, click here to contact Iris & Evelyn.
    To view the most recent TREB market watch report click here.

    Iris Khodkar 

    Sales Representative

    RE/MAX West Realty Inc., Brokerage
    Each office independently owned and operated

     

    D: (416) 953-8552

    O: (905) 731-3948

    E: iriskhodkar@gmail.com

     

    Evelyn Lee

    Sales Representative

    RE/MAX West Realty Inc., Brokerage

    Each office independently owned and operated

     

    D: (416) 230-5925

    E: evelynleeremax@gmail.com

    www.irisandevelynteam.com

  • Updates on the GTA Market

    Compared to sales last year, overall home sales are down in the Greater Toronto Area. However, according to the Toronto Real Estate Board (TREB), there's a continuous rise in Conominium prices.

    Even though, listings were up by 9.4% compared to Semptember 2016, sales have been down by 35%. Furthermore, the overall price of homes in the GTA was $775,546 last month leading to a 2.6% increase from the overall price last year around the same time. In the work of measures taken by the provincial government to cool off the market, Toronto, real estate prices slowed considerably. However, the board says the numbers indicate that buyers are coming back to the market. 

    TREB, president, Jim Syrianos, claims that the improvement in listings in September, compared to last year, suggests that home owners are anticipating an uptick in sales activity as we move through the fall season. Even though there is a potential for more supply of single family homes, the supply of condo's in the GTA is still tight with prices showing no sign of cooling off. While the numbers have jumped, they are not surprising considering consumer polls conducted in the spring indicated a shift towards condo purchases. 

     

    Have Questions regarding Real Estate? The Iris and Evelyn team are here to help! With their countless years of buying and selling Real Estate Properties, their experience and knowledge can help you make the right choice!

    Visit us on Facebook: https://www.facebook.com/irisandevelynteam/?fref=ts

  • The Iris and Evelyn Team is here for YOU!

    Yesterday, the Iris and Evelyn Team took the opportunity to attend one of RE/MAX’s biggest events, RE/MAX RE/CHARGE! Hosted every year, the purpose of this great event is to have RE/MAX agents energized, engaged and most importantly inspired with leading insights from experts and hands-on opportunities! With the aid of these events, Agents like us use the knowledge gained to better serve and satisfy their clients! Furthermore, the conference provides us with the latest tools, forward thinking ideas and the network opportunities to be the ultimate aid for you, YES YOU, on your journey to sell, purchase or lease your biggest financial possessions; aka your beloved home.

    As a team, one of our main priorities is to be constantly educated and exposed to the latest technologies in order to provide the best service for our current and future clients! We strive to be the best of the best in the Real Estate Industry, and we understand that in order to reach that level, we have to be constantly engaged with the latest news, technologies and services to enhance our client’s experience! With that being said, we look forward to utilizing what we learned to better serve our current clients as well as our future ones! 

     

    Have Questions regarding Real Estate? The Iris and Evelyn team are here to help! With their countless years of buying and selling Real Estate Properties, their experience and knowledge can help you make the right choice!

    Visit us on Facebook: https://www.facebook.com/irisandevelynteam/?fref=ts

  • Breast Cancer Awareness Month

    As a woman who believes in girl power, Iris is proud to be taking part in this year's CIBC Run for the Cure. The event is dated for October 1st, 2017 marking the first day of Breast Cancer Awareness Month! The CIBC Run for the Cure is a 5k or 1k walk or run that raises funds for the Canadian Cancer Society. It is the LARGEST single day volunteer-led  event in Canada in support of the Breast Cancer cause! 

    Cancer is known to be the leading cause of death in Canada and is responsible for 30% of all deaths. Cancer statistics tell us the number of diagnosis and deaths caused by cancer each year. Through these statistics, we can see trends in new cancer cases and cancer deaths. It also tells us the likelihood of survival and the percentage of people alive years after their diagnosis. 

    An estimated 206,200 new cases and 80,800 deaths due to cancer is said to occur in Canada alone in 2017. Furthermore, every 1 in 2 women in Canada is bound to get breast cancer. That is a ratio of 50% of women! 

     

    Every dollar counts in the cancer society's efforts to reduce the burden of Cancer on Canadians. The donations from the past has led to an increase of Canadians 5-year survival rate for 25% to more than 60% today! With your help, we can strive to fight this treacherous disease. You can do so by donating to the cause! You can do so by clicking here! You can also participate in this years run and collecting donations for the cause! You can do so by clicking here! Together we can change the future of breast cancer! 

     

    Have Questions regarding Real Estate? The Iris and Evelyn team are here to help! With their countless years of buying and selling Real Estate Properties, their experience and knowledge can help you make the right choice!

    Visit us on Facebook: https://www.facebook.com/irisandevelynteam/?fref=ts

  • Updates On The Canadian Housing Market

    Although house prices are still high locally and nationally, data still suggests a moderating real estate market with lower sales and declining month-to-month prices. The CREA (Canadian Real Estate Association) announced that home prices have declined nationally at a rate of 2.1% month over month since July of this year. Activity in July this year around stood at a rate of 11.9% lower than the rate of the same month last year. Furthermore, the number of newlt listed homes declined 1.8% from June to July. 

    In terms of price statistics, the MLS Home Index was up 12.9% year-over-year in July 2017,  while the national average sale price was down 0.3% year-over-year in the same month. 

    In terms of the dip in sales, the July dip makes the 4th consecutive monthly decline. Even though that decline was one third the magnitude of the declines in may and june, it leaves sales activity 15.3% below the record set in March. 

    While low inventory was a MAJOR concern during the winter months, more homes made their way to the market in the spring and summer. However, now it seems sellers are holding back due to the Ontario governments fair housing plan and it's proposed taxes on foreign buyers and sellers. With sale down by the same amount as new listings in July, the national sales-to-new listings ratio was little changed at a well balanced 53.5% compared to the high 60% in the first quarter of 2017. According to CREA, a national sales-to-new listings ratio between 40-60% is consistent with a balanced national market, with readings below and above this range indicating buyers and sellers market respectively. 

    Although prices are still high, benchmark price gains slowed on a year-over-year basis in greater Toronto, Oakville-Milton and Guelph. However, it remains well above levels a year ago with Greater Toronto being +18.1%, Oakville-Milton +12.7% and Guelph +23% 

    The actual national average price for houses sold in July 2017 was $478,696, down 0.3% from where it stood exactly a year ago. CREA says that this was the first year-over-year decline in the measure since February 2013, reflecting fewer sales in the GTA and Vancouver. 

    Have Questions regarding Real Estate? The Iris and Evelyn team are here to help! With their countless years of buying and selling Real Estate Properties, their experience and knowledge can help you make the right choice!

    Visit us on Facebook: https://www.facebook.com/irisandevelynteam/?fref=ts

Contact Me

Iris Khodkar & Evelyn Lee Sales Representatives
RE/MAX West Realty Inc., Brokerage Independently owned and operated
148 King Road
Richmond Hill, Ontario   L4E2T4

Office 289-234-8552Toll Free 1-866-787-1629