1. There is a lot more choice right now. Currently there are 194 Houses for sale in Oshawa between $150,000 and $200,000

2. Prices are going DOWN!!!! Because there are so many Houses for sale in Oshawa and the Surrounding area, Prices are Falling!!

3. Interest rates are LOW!!! Usually when house prices go down, Interest rates go up. Not this time!! Prices are going down and Interest rates are going down as well.

4. Negotiations are easier. People want and need to sell, so, they will take conditional offers.

5. Affordability. Houses for sale in Oshawa are the most affordable within 30 Km of Toronto.

6. Rents keep rising!!! House payments are coming down as we speak and rents are rising. C’mon people, let’s move!!

7. The Oshawa area is growing and our local economy is still quite strong.

8. Real Estate is a safer Investment than the stock market. Why Gamble??

9. Prices are going DOWN!! Did I already say that??

 These Questions Were Recently asked of Me.

Who is responsible for paying for a new survey, the buyer or the seller? 

Must a survey be provided? 

If an original survey is provided does an updated one need to be done as well? 

What is the cost of a new survey?

The cost of a Survey can either fall on the Buyer or Seller of Property for sale in the Oshawa area, depending on how the Agreement of Purchase and Sale is written.

Typically, the responsibility of providing a survey, will be the Sellers. They are usually asked to provide the survey that is in their possession. This survey will reveal the location of the home in relation to the lot lines. The survey will reveal easements and right of ways that will affect the value of the property and will convey with title to the next owner.

Surveys will show the buyer exactly what they are buying, and, more importantly what they may not be receiving.

An updated survey is sometimes required if buildings have been added to a property and may encroach on the neighbouring properties.

Having an updated Survey is the safest way for a buyer to protect themselves.

A survey for a Property in the Oshawa area can cost from $1200.00 and up depending on the size of the property and location etc.

The question of whether a survey is required is a controversial one.

Title Plus, One of Canada’s leading title insurance companies announced that its policies eliminate the need for up to date surveys on most properties.

Title insurance will eventually pay to straighten out errors in ownership. It will not compensate, however, for the embarrassment of owning the wrong house or the risk that the prospective buyer could back out of the sale at the last minute because good title was not available.

Critics also say that although title insurance may cover problems that arise in ownership, straightening out the mess may take a long time if the insurance company has a problem with the claim or if it goes to court. Without a survey, if a purchaser uncovers title problems before closing, they may back out of the deal or not close on time. When a survey is performed, any potential issues are known up-front and can be dealt with.

You be the Judge!!

I have a lovely home listed in Oshawa at 326 Albert St. A great 3 bedroom home with an eat in kitchen, the home features new windows and 2 newly renovated bathrooms. This house is a beauty and is walking distance to the new courthouse in Oshawa. Centrally located, this one is wont last!!!

Got a Great House for Sale in Whitby. 3800 Square feet plus a fully finished basement with full walkout across the back. The kitchen has granite counters and pot lights. Thsi house features a fully enclosed in law suite that is above grade, a butlers kitchen in the basement, and is situated on 6 acres of well treed land. Other features include a walkin fridge and freezer, 3 bay garage and 2 fireplaces.

Call me for more details.

My Question is: Is the Real Estate Market a Locally Driven Market or Globally Driven?

Answer: The Real Estate market is driven more by local drivers then global. In Oshawa, Bowmanville and the Surrounding areas we still have a lot of positive news that will continue to hold a steady real estate market. Good news! Why you say??

Well, these are my thoughts. General Motors is going Bankrupt, and the Global Real Estate Economy is sinking faster than the Titanic. We are seeing bad news on the TV every night and people are losing houses to foreclosure at astronomical rates. Run for the Hills, its the end of the world.

In truth, the only bit of news that affects us locally is General Motors and even GM is not the major employer that it once was. Most of the people at the Oshawa plant that are affected are people that were and are retiring. These people have for the most part, been given large sums of money as a buy out. This propels the local economy because it is releasing a lot of extra cash into our local area.

What other good news is there??

How about the Durham Consolidated Courthouse? I have heard the court house will be providing approximately 700 jobs in the courthouse and then spillover jobs for the services needed outside the courthouse. There have been estimates of the spillover jobs reaching as many as 2000 people outside of the courthouse.

What about UOIT? I understand the University and College will be Growing at a rate of approximately 1000 students per year for the next 3-5 years. This will, again, put more money into the local economy, with the sudents needing housing, food, drinks, clothing etc. I know the strain of the school on the real estate has created some negative publicity when it comes to the issues in the Tribute Community, But over all, this growth is a good thing for our economy.

 Darlington Nuclear Plant? in 2006 the Ontario Ministry of Energy instructed OPG to begin the process of getting approval to build up to 4 reactors in Bowmanville, Ontario. They are currently working on the Environmental Assessment for the land and are supposed to start the construction phase sometime in the next 2 years. This project will take 6-8 years to finish and is rumoured to provide between 3 and 5 thousand jobs between the construction phase and the operational phase.

So, Locally, How do we look??

In my opinion, we look pretty good. My fear is that we are letting all the negative news from the Globe and from Toronto affect our out look.

If we focus on the local market, we are still STRONG. The Problem is, Perception is often more powerful than Reality.

So Change your PERCEPTION!!!

Got a Beauty of a listing here…. House for sale in Bowmanville, Just east of Oshawa. Lovely 3 Bedroom Home thats almost new!! Lots of extras, including potlights, laminate flooring and hardwood. Open concept home on a good sized lot in a great family area that is close to schools. Come out and take a look!!! or visit www.listwithjason.com for more pics.

Coming soon….new to the Real Estate Market!!!  A Beautiful Semi Detached Home in Beautiful Courtice, Ontario. This Lovely 3 Bedroom Home Has a finished basement and is Lovingly cared for From top to Bottom. If your Looking for Real Estate in the Durham Region and in Courtice in Particular, Visit www.listwithjason.com

I have a beautiful property listed for sale in the Durham Region located in View Lake. A custom built Ranch Bungalow on just under 3 Acres, Lots of Deckspace in the front and back of the property, just 5 years old and loaded with upgrades. This house is a beauty!!! Backing on to a forested area of a farm with more trees in the front of the home, gives this house the privacy and seclusion that people want in a retirement home. Give me a call or check it out on my website at www.listwithjason.com

I have a Beautiful home for Sale in Oshawa, on Woodmount Cres. It is over 2400Sq. Ft. and Only 290,000. This house is decorated nicely throughout, has a pool and a wrap around deck, huge great room and a really open concept feeling. Located on a quiet street in North Oshawa, it is a perfect home for a Move up buyer or a first time home buyer. Sound Good??? Give me a call

I have a beautiful bungalow For Sale in Oshawa in a mature area. It is a 3 bedroom bungalow with a detached garage, Newer Floors and Roof, Finished Basement with Large Windows and Newer Windows. It is situated on a 52 Foot wide lot with Mature trees and the lot is 150 feet deep. A Great Bargain at $195,000. For a Detached Bungalow on a Lot that is a premium new home lot.

Call me to see it….905-743-5644