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Sold Properties

SOLD: 21 Forest View Rd.

sold

21 forest view rd.

markland woods community

Price: $1,199,900

Bedrooms: 3+1

bathrooms: 3

A mid-century home fit for a modern world!

Lovingly cared for by the same family for over 50 years, 21 Forest View Rd is looking for a new family to envision its possibilities! Located in the Markland Wood Community, the home measures in a just over 3400 sq.ft. (including basement). The back-split was originally built in the 1960s and sits on a premium 60×143 ft lot. 

Create memories of your own in the large living room, or host family holidays in the lower level family room. The fully fenced in backyard is perfect for the family pet… with ample space for a pool! Three large bedrooms can be found on the upper level! Complete with a five-piece, shared bathroom, and a private three-piece ensuite in the master bedroom. On the lower level, a fourth bedroom or a “work from home” office can be gained, depending on one’s needs. 

The basement comes well equipped with a pool table and bar – ideal for unwinding after a long day. There’s ample storage in the crawl space and even more room in the utility room. 

Rounding out the home is a spacious two-car garage, with room for two other cars in the private driveway. St. Clements elementary school is located directly across the street, along with shopping, highway access and the members-only Markland Wood Golf course all just a short drive away!

 

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Advice For Buyers Advice For Sellers Video Blog

There Needs To Be More Transparency with Real Estate Bidding Wars

We need to change the bidding war process in Toronto! If you’ve tried to buy a home in recent years, you know how backwards the current process is…If you haven’t, let me explain.

The Current System

A seller will list their property below market values to create a frenzy amongst buyers.  After roughly 7 days of market exposure, they’ll review and all offers that come to the table.  The problem is that each buyer is going in “blind” not knowing anything about the other offers.

Current rules, as set by the Real Estate and Business Broker Act, say we can not disclose the motivation, offer, or price of a competing offer. Thus creating a blind bidding system full of suspicion and mistrust.

The winning buyer always feels like they paid too much, the losing buyers feel like they could have paid a bit more and the sellers could regret the highest bid if the winning buyer can’t secure the financing. Plus it artificially increases values as going in blind can create an over inflated offer.

How We Can Fix It

Simple – get rid of the blind bid system and open up the process. Let each party know the Price, Deposit and Closing date of the other offers. This levels the playing field. There still will only be one winner and several losers, but atlas both parties would fairly know what they were up against, in a more transparent system and enjoyable process.

Good News

OREA is seeking feedback on whether it should push the provincial government into modernizing the real estate industry to make it more transparent. Australia is already doing this – and even opening up their MLS to sold prices (more on that in another video). In Melbourne, they littering gather infront of the house on a offer day and each party bids infront of each other. This is the most transparent way to know what you’re up against.