Contact Me

Iris Khodkar & Evelyn Lee Sales Representatives
RE/MAX West Realty Inc., Brokerage Independently owned and operated
10-1118 Centre Street
Thornhill, Ontario   L4J7R9

Office 905-731-3948Toll Free 1-866-787-1629

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

Featured Listings

  • Keeping Deals Alive in Our Current Real Estate Market

    Nowadays, buyers are having a tougher time closing their Real Estate Deals. This is due to the buyer not being able to sell their existing home for what they exected or reasons like  the lender re-appraising the property they bought lower than what they paid, resulting in a lower mortgage being approved. Either way, the deal cannot close without further negotiations. Here are some things to keep in mind if you are a buyer or seller trying to maintain a deal: 

    Keep The Deal Alive Whenever Possible: 

    According to Mark Weisleder, partner, author, and speaker at Real Estate Lawyers.ca, keeping a deal alive, no matter what the cost, is still better than cancelling and going to court. Whenever the deal breaks down and ends up in court, the only winners are the lawyers. People do not appreciate the time, costs and stress a Real Estate lawsuit provides. 

    Forget About Blaming Your Real Estate Agent: 

    When a deal goes bad, it's easy to try and blame your Real Estate agent for your misfortune. However, it is rarely the agents fault a buyer put in an offer without any conditions during the unbelievable bidding that was witnessed a few months ago. In addition, buyers and sellers must remember that while they have to pay for their lawyers upfront in any lawsuit, an agent has virtually all their legal fees paid for, through their insurance. 

    Remember What To Ask For In An Extenstion:

    If you are going to agree to keep a deal alive by extending it, sellers should try and ask for TWO main terms of extension. The first being an additional deposit, usually non-refundable; to be paid to the seller immediately and to be credited to the purchase price on closing. These funds can then be used by the seller to help pay for unanticipated costs that incur as a result of the extension. Secondly, a request for interest on the balance due on closing at anywhere from 3-7% should be put forward. This compensates the seller for avoiding the use of their closing balance during the extension period and helps pay the extra interest the seller may be paying on their own mortgage. 

    Get Lawyers Involved Early In The Process: 

     In order to try and reduce everyone's losses, sometimes you will have no choice but to put the house back in the market without agreeing to a mutual release. This will involve a more complicated agreement, as the parties will not want to place any conditions on the listing like the deal being subject to a release of a prior agreement. Sellers will need a lawyer to assist you both in the legal processes and someone who understands the MLS listing and selling process! 

    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

  • Richmond Hill Ribfest 2017

    It's that time of year again! The town of Richmond Hill is holding it's annual Ribfest today, tomorrow and Sunday at the Richmond Green Sports Center and Park! Ribfest is a three day outdoor event that features profesional rib teams travelling to Richmond Hill from across North America! Ribbers cook and compete for various best titles, decided by honorary judges! In additions to the many delicious food options, attendess can enjoy the live entertainment; a Canadian pavilion featuring all things Canadian or play all day in one of the regions largest midways! The beer garden will be once again selling local craft beers! This event is one you will not want to miss! 

     

    Disclaimer: Due to the safety of this festival and to ensure the safety of all ribfest patrons, pets are not permitted within the event area. Pets are, however, welcome to the rest of Richmond Green Park Grounds! 

    Date: Friday July 21st-Sunday July 23rd, 2017

    Times: Friday:      12pm-11pm

                 Saturday: 11am- 11pm

                 Sunday:      11am-8pm

    Location: Richmond Green Sports Centre and Park

     

    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

  • Advantages of Owning a Condo!

    When it comes to home ownership, a condo is an option that many Canadians gravitate towards. There are multiple advantages to owning a condo. Condo's can be low-rise buildings, townhouses, freestanding houses, duplexes, triplexes or "mixed use" buildings, such as condos above offices or store fronts. 

    What makes condos different from freehold houses is that you own your unit but you also share ownership of the level, building and common areas. You share costs with fellow members of your condo association and the board of directors or a property management company makes the big decisions. Here are some advantages of living in a Condo

    Someone Else Handles The Outside Work 

    One of the biggest advantages of Condo ownership is freedom from maintenance you don't have the time, desire or ability to tackle. Examples of such are shovelling snow, mowing the lawn or repairing outside structures. Monthly Condo fees cover these securities. 

    Many Major Costs Are Shared: 

    A portion of the Condo fees goes into a reserve fund. When the property is well managed, this fund covers major repairs like replacing windows and roofing without aded costs to the owners. Even when the reserve fuel falls short, you're not in it alone as a speed assessment will be done and costs will be shared equally among ownres

    Lifetyle

    If you prefer to live on one floor or in a one-or-two bedroom home, condos allow you to own your own space rather than rent. Common areas like pools and rec rooms offer means to socialize with other people. Many condo developments cater to specific groups- like young professionals, families and other adults. 

    Amenities 

    Some Condos offer benefits you won't see in the average home or apartment building like a theatre room, gym, swimming pool and party room. 

    Price 

    Depending on where you live, some condos are more affordable than owning a freehold home. Furthermore, a mortgage plus condo fees may be equivalent to rent

    Location

    If you're craving a prime spot in a major city, like Downtown Toronto, Condo's may be the only practical option. What you lose in space and higher condo fees, you gain with easy access to work, dining, activities, public transpotation and other amenities. 

    Security:

    Markets say Condos offer greater security than a freehold home or renting. People are more likely to take better ccare of property they own, and some buildings offer a secure entrance or doorman. You might feel safer with neighbours on either side of your unit. 

     

    Speaking of condos! Take a look at this beautiful 3 Bedroom, 2 Washroom Condo justl listed at 80 Inverlochy Boulevard! This Beautiful freshly painted unit features laminate flooring in the living room. It also features a new full size wahser and dryer! Want to enjoy the beautiful weather? The unit has a walkout to a patio, where you can enjoy the artistic garden like scenery it's exposed too! It also has a spacious stoarge for all your belongings. Not in the mood to drive? All your needs are walking distance from you! In a few short minutes, you can walk to Yonge Street, TD Bank, Food Basics, Shopppers Drug Mart, TTC , YRT, VIVA and Go Transit! If you're in the mood to drive, an underground parking spot is waiting for your car to park up whenever you want with no worries of taking snow off during the ugly winter days or the heatness in the hot summer ones! 

     

     

  • Bank of Canada Interest Rate Increase Announcement

    The Bank of Canada hiked its interest rate to 0.75% from 0.5%. This is the first increase in 7 years, amid expectations of stronger economic growth last year. Such a move is bound to increase the costs of mortgages, home equity lines of credit and other loans linked to the big bank prime rates 

    The bank of Canada cut interest rates by a quarter of a percentage point twice in 2015 to help the economy deal with a plunge in oil prices. The governor of the Bank of Canada said that any future changes to the central bank's key interest rates will depend on economic data in the months ahead. The bank also states that economic growth is broadnening across industries and regions, becoming more sustainable with both the goods and services sectors expanding 

    In its outlook for the Canadian economy, the Bank of Canada estimated growth of be 2.8% this year, 2.0% next year and1.6% in 2019. The hike comes as inflation remains below the banks 2% target. But it is belived the recent softness is temporary with the effects of food price competition. electricity rebates in Ontario amd changes in automobile pricing expected to fade. The bank expects inflation to ease further this year due in part to Ontario electricity rebates, but return to 2% by middle of next year. 

    The bank also says that it anticipates exports to pick up in the coming quarters and make an increasing contribution to growth, while business investment is also expected to rise. Consumer spending is expected to continue to be a significant contributor to the economy. However, the bank believes that high levels of household debt and a slowdown in the housing market will weigh on spending. The announcement follows signs that the housing market is adapting to government changes meant to cool the real estate sectors of Toronto & Vancouver and help improve financial stability.

    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 10,000 Flags Distributed for Canada Day by The Iris & Evelyn Team

    To celebrate Canada’s 150th Birthday, The Iris & Evelyn Team distributed 10,000 Canadian flags not only to celebrate our country’s birthday but to also show their gratitude for its beauty in which we all Canadians reside in. Door-to-door, street-by-street, Iris & Evelyn distributed flags to residents in order to celebrate the country’s 150th milestone. All residents showed much appreciation and gratefulness for the kind act and were all looking forward to celebrate Canada’s Birthday on July 1st.  As a country that strives for multiculturalism, both Iris & Evelyn are immigrants from countries around the world. Celebrating Canada’s birthday on July 1st is not solely about sparking beautiful fireworks and gathering around with family & friends, but it is rather about celebrating the country in which we live in and the many rights and freedoms us Canadians have. Iris & Evelyn are fortunate enough to be working with clients from various ethnicities and cultures, and are very much appreciative both with the clients in which they work with and the country in which they reside in.

    Wishing everyone a very Happy Canada Day once again, and we hope that you all enjoyed the beautiful long weekend!

     

    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!

  • Advantages of Living in a Townhouse

    Townhome living maybe the impeccable choice for those who are interested in the texture of a single-family home, without all the maintenance responsibilities. Generally, townhomes are built on a small plot of land within a neighbourhood development, consisting of multiple floors, garage, parking spaces, and a shared wall with another home. In most instances, the townhome community is regulated by a homeowners association that sets the rules for the community and is responsible for maintaining some or all of the exterior and shared property. Each owner in the community is a member of the homeowners association and pays a monthly or yearly association fee to help fund their activities. Here are  some advantages of living in a townhouse to consider before purchasing your next home: 

    1. Townhome Residents are Landowners 

    A townhome and the land it sits on is owned entirely by the homeowner. This small plot of land gives the owner a place to walk a dog, grill outside or have a small garden. Townhouse associations often include lawn maintenance and landscaping in the monthly fee; a convenience for those with an aversion to yard work! 

    2. Townhome Owners are Responsible for Maintaining Only the Interior of their Homes

    Maintenance of a townhouse requires considerably less effort than a single family home. The Homeowners association handles external maintenance and ensures a uniform appearance among all townhouses in the neighbourhood. The homeowners association is also responsible for maintaining parking lots, shared driveways and other common areas . The owner is responsible for all repairs and basic maintenance of the interior of the townhouse 

    3. The Proximity of Townhouse Neighbours Makes for a Secure Community 

    Considering residents of townhomes live close together, neighbours tend to get to know each other and feel a sense of protectiveness over each other. Therefore, townhome communities often have enhanced security over single-home communities because neighbours will watch for any unusual noise of activity. Also, townhome developments are usually well-lit and some even have a security gate 

    4. Townhome Residents Share Common Areas and Amenities All maintained by the Homeowners Association

    Many townhome communities feature amenities and common areas made by  contractors hired by the homeowners association using association fees maintenance. The amenities may include playgroumds, pools, tennis courts, dog parks, clubhouses and other recreational areas. 

    5. Townhomes Are Often Less Expensive Then Single-Family Homes In the Same Area 

    Townhouses have the same financial advantages but are generally less expensive than single- family homes in the same neighbourhoods. Townhome owners also tend to pay lower utility bills because the townhouse shared walls help protect heart loss. And, there is possibly less out of pocket maintenance cost with a townhouse then a single-family home 

    Townhouse residents enjoy the feel of single-family living often at a lower cost and with much less responsibility for maintenance than a single family house. In urban and densely populated areas where land is at a premium, a townhouse may be the perfect option for small families or empty nestors! 

    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

  • Eid Mubarak!

    Eid Al-Fitr marks the end of Ramadan. It is well known in the muslim community as the festival of "Breaking the fast". Millions of muslims around the world gather with their friends and family to attend morning prayers, give donations to charity and having feasts! While Eid is the celebration of god "Allah", it is also an opportunity to reflect on Ramadan and all of the wonderful aspects of our lives that we are blessed to have. A few of them are as follows: 

    Gratitude for food: 

    Abstaining from eating and drinking during Ramadan is a good reminder on how lucky we are to have the choice to eat and drink. During Eid, families go out of their way to exchange food, go to big markets, and provide to those less fortunate. Eid is a 3 day celebration for the blessings of everyday life! 

    Gratitude for Health: 

    To muslims, eid is giving thanks to Allah for giving them the strength to fast and being able to practive resilience and self control. In everyday life, health can be taken for granted, Ramadan for many is a reminder for one to take care of themselves! 

    Gratitude for Family: 

    Like Many festive occasions, Eid is celebrated by spending time with family and friends. Today, we live in a fast paced society where we are constantly consumed by work and everyday responsibilities. During Eid, Muslims are encouraged to be joyful and to come together as a community! 

     

    The Iris and Evelyn team wish all those celebrating a very Eid Mubarak! \

    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

  • Tips on how to Re-energize at home!

    Feeling constantly tired and overcomitted? Here are some tips you can pursue to re-energize to have a better lifestyle! 

    1. Create Inviting Rest Zones 

    Despite all the research proving that an afternoon nap is good for you, its still not seen as acceptable unless you work for yourself or have a progressive employer. Research shows that a quick afternoon nap at the right time can really help you recharge the batteries! Of course there's a trick to napping. For one, it helps if the nap is kept short- however, no shorter than 10 minutes and not too long either! More than 90 minutes could have you feeling groggy. The length of sleep during daytime naps play a crucial role in post-daytime performance. 10-15 minutes on average seems to be the optimum period in terms of improving mental operations, performance, reaction times and subjective feelings of alertness! These improvements are maintained for up to 2 and sometimes 3 hours after the nap. Longer naps of 25-30 mintes leads subjects to being somewhat drowsy and less alert for up to an hour after the nap. The timing of the nap is crucial as well. An ideal time for a nap os suggested to be 6-8 hours after normal waking! 

    2. Tech Bans

    Our minds tend to become overstimulated if we are staring at a screen before bed. Evidence shows that it is beneficial to lose the tech at least a couple of hours before bed. Studies on the effects of bright tablets show that using laptops for up to 5 hours before bed affects the evening's natural rise in melatonin, a hormone that makes us ready for sleep! Repeated exposure to a bright screen over 5 days can delay the body clock by 1.5 hours, meaning you consistently want to go to bed later and sleep in longer. Bright lights from device screens can also cause alertness!

    3. Creative Colors 

    If you intend to sleep or relax somewhere, use natural or self palettes and soft lighting, and induce sleep and redecoration with cozy rugs and throws. If strong colors aren't to your taste, try stark contrasts of black and white! 

    4. Space for Fun! 

    Sometimes we really can't be bothered to get off the sofa and excercies. Yet when we do, we feel so much better for it! Spending time in the outdoors and getting some vitamin D also helps to invigorate us. So try taking advantage of any outdoor areas you have by making them as enticing as possible! 

    5. Home Based Hobbies

    By finding an activity you enjoy and that can totally absorb your mind, it will ultimately help you to re-energize and wake up! Is there something you've always wanted to do, such as painting, gardening or sewing, that you can set up a space for at home? Or is there something you want to get involved in outside the home, such as pottery classes, joining a book club or learning a language? If it's social it might be even more beneficial! Learning a new skill can reinvigorate you! 

    6. Meditation Space 

    The reported benefits of meditation are quite similar to those of the power nap. A regular mediation practice is said to lower the heart rate, improve memory, increase cognitive function, and of course, give you more energy! 

    7. Meal Planning

    If you think that eating badly is making you tired, take a stock of your diet! Choose healthy takeout food, take the time to make meals at home and make time to eat dinner at the table rather than in front of the television or computer. Allow a couple of hours before bed without eating to help you sleep better! 

    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

  • Tips To Becoming a Real Estate Entrepreneur

    It's always exciting to become a Real Estate Entrepreneur! Almost all markets are both highly active and profitable. Here are some tips on how to start your entrepreneurial venture: 

    1. STUDY THE BROAD MARKET

    Try to figure out if your interest and skill set is most suited in commercial or residential Real Estate. Typically, new entrepreneurs begin with residential because it's less complex than commercial. Also, most people have some experience in residential Real Estate from buying/ dealing with their own home. 

    2. PASSIVE OR ACTIVE INVESTING

    A Passive investor might hold a private loan not secured by Real Estate. Other passive investing is done through seller financing, tax liens, and hard money lending 

    With active investing, you must learn about and decide among several investment strategies. If you strike out as a landlord, you need to understand your options between single-family houses, duplexes, triplexes and quads. Anything less than 5 units is considered a residential property. Do you want a turnkey property or rehab? If it's turnkey, you are going to need to ask yourself if you are going to personally manage and maintain it. Otherwise, you can hire a property manager to look over it. If it's rehab, are you planning to do the work yourself? If not, are you willing to manage subcontractors? Or maybe hire a general contractor? Upon the completion of the rehab, will it become a rental or a flip?

    3.DEVELOP A BUSINESS PLAN!!

    Before you jump in as a Real Estate Entrepreneur, you need to come with a solid business plan. In fact, it's a good idea to have a plan deciding what segment of real estate investing you will start with. Start off with creating a list of your strengths and weaknesses. This includes your current knowledge of Real Estate investing, your work habits, and your skills. Creating this list might seem complicated but it's pretty easy AS LONG AS YOU ARE HONEST WITH YOURELF. The goal is to come up with a plan that exploits your strengths and bolsters your weaknesses OR minimizes your exposure to your weaknesses. 

    The next important section of a business plan is the business' opportunities and threats. An opportunity might be a chance to buy inexpensive property in a neighbourhood being revitalized. A threat could be a major infrastructure project that will disrupt the neighbourhood for months or even years. 

    Other elements that go into a sound business plan are financing, income projections, marketing, and resource funds! 

    4. UNDERSTAND THE LOCAL MARKET 

    Here are some questions to ask yourself in order to understand your local market: 

    - Who are your targeted renters or buyers? 

    - Can most of the local population afford what you plan changing for rent or selling?

    - Does the school district appeal to your target prospect? 

    - Neighbourhood amenities? 

    - What does the local employment picture look like?

    - Is the property in a plain (ex: a flood plain) that could be susceptible to some sort of damage (ex: weather damage) ?

    5. YOU MAKE YOUR MONEY WHEN YOU BUY

    The big benefit that comes from the studying and planning is that you'll know when you find the right property to invest in. Whether you're renting, flipping, or financing, you'll know when all of the required elements are in place. However, always have a plan B. If your flip doesn't work as planned, you need to be able to turn it into a positive cash flow rental. If you finance and the buyer defaults, you need to be able to foreclose quickly and sell at a profit. 

    6. JUST DO IT! 

    The flip side of jumping in without a plan is forever procastinanting! Now is the chance of a lifetime to become a real estate entrpreneur! 

    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

  • Signs a Home Buyer Isn't Serious

    If statements like " This place is just perfect for us" and "I have to have it" were binding, selling houses would be a piece of cake. Considering that it is hard for home sellers to not get their hopes up when a buyer's admiring their home- only to be dissapointed when the buyer dissapears without a peep, here are some signs that a buyer is not serious about buying your house: 

    The Buyer is Flying Solo

    If a buyer does not have a real estate agent yet, they probably aren't serious about shopping for a home. A buyer's agent come at no cost to the buyer, since the seller pays the buyer's agent't comission. Furthermore, 87% of buyers purchased their home through a real estate agent or broker, according to a survey conducted last year by the National Association of Realtors of recent home buyers and sellers! 

    The Buyer JUST began Shopping: 

    Typical home buyers take 3 months to buy. So, if a seller is receiving interest from someone on day 1 or week 1 of the house hunt, chances are you won't receive an offer from that person. Many buyers look at a number of houses before they decide what they want. If they're at the early stages in their search you're leess likely to receive an offer. 

    You Met the Buyer at an open House 

    It's less likely that a seller will score an offer from a buyer at an open house. According to a report from NAR, only half of home buyers visit open houses.- and those who may be trying to avoid too much attention by hiding in the herd. Serious Buyers on the other hand  will conduct their search online. Once they find a home they like, they will request a private showing. 

    A (REALLY) Lowball Offer 

    If a buyer offers an unreasonably low sum, there's a sure sign that they do not really want the property. Serious buyers in today's market make their best offer right out of the gate. 

    Lots of Nitpicking 

    Even after the buyer has made an offer and you have accepted it, the buyer still might not be 100% on board with buying the property. For example, if the buyer has a rare inspection contingency and wants you to fix every single little thing that the inspector spots, the buyer might be covering for you to give in and say no, so that the deal falls apart. 

     

    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
10-1118 Centre Street
Thornhill, Ontario   L4J7R9

Office 905-731-3948Toll Free 1-866-787-1629