Author Archive

Manson Slik

Manson Slik is a Real Estate Broker and partner with Gordon’s Estate Services. To date, Manson has managed the sale of over 2,000 residential and commercial properties through traditional MLS listing and by competitive bid/auction. manson@gordonsestateservices.com

Tips for Preparing Your House for Sale

Manson Slik,

Often, the hardest part of selling your home is getting the house into “sell ready” condition. This can be a stressful, time consuming and, frankly, an overwhelming experience for both you and your family. Many people don’t know where to begin, which often leads to homes going on the market in a less-than-perfect state. The truth of the matter is that small changes can make a serious impact on the selling price of your home. If you want to maximize your profit, you must commit to the work and get it done. The good news is that by breaking this job down into individual tasks, preparing your house for sale can be manageable – even enjoyable!

Talk to your Agent

Your real estate agent sees and sells listed properties day after day; he/she knows what works. Ask for their advice. They have the experience needed to help you make a list of priority jobs narrowing down the “must dos” from the “could dos” and make the list manageable.

3 Important Tips on How to Take Charge as a First Time Estate Trustee

Manson Slik,

An Estate Trustee is tasked with the unenviable job of settling the final matters of a family member or trusted friend. Most Estate Trustees have never been in the position of settling an estate and are overwhelmed with all of the details, politics and responsibility. Being named an Estate Trustee is an honour of the highest degree of personal trust that could be bestowed upon a family member or friend.

At Gordon’s Estate Services we understand the commitment it takes to accept this responsibility on behalf of another, having worked with 1,000s of estate trustees in our history. Heirs are expecting you to make the best decisions on their behalf. Sometimes there are hard feelings among heirs and family members that they were not entrusted with the position of Estate Trustee and there can be some resentment that the estate is out of their control.

To Rent or Own? How to Downsize and Keep a Positive Cash Flow

Manson Slik,

When you are downsizing, a big question is should you rent or buy. Young or old, your choices have multiplied greatly.

Retirement Living

Once upon a time, the best options for seniors who were downsizing was to purchase smaller property. Now, the amount of choice available to either rent or own can be staggering. So, you should first decide what kind of property you want, and then decide whether you want to rent or own.

Selling Your Property? Set a Date for Entertaining Offers

Manson Slik,

When we list a property, we ensure everything is ready. All the information a potential buyer could want to know is available online. So at any time an offer can roll in, right? Well, it’s actually better to let potential buyers know that you will only be entertaining offers at a specific date and time.

So, let’s say we listed your property at noon on a Friday. We would get you to sign a “direction of offer”, that states you are prepared to deal with offers on your property at 1:00 pm on Wednesday. Why would you do this? Well, when a property is listed buyers can be anxious to see it. They want to see it and get an offer in right away—effectively cutting off competition by being quicker. The thing is, if you get a quick offer it may be conditional (meaning they can back out of the sale) or the offer is lower than what you could get from someone else.

Tax Breaks and Property Sales

Manson Slik,

There are many expenses accrued when it comes to selling a home and moving. Fortunately, for homeowners in Ontario, there are some tax benefits you can take advantage of when it’s time to sell.

For home sales, a primary residence is not taxable as an estate, nor does HST/GST apply. However, if the home has not been lived in, for example, if the owner has died and the beneficiaries are not using it, you may be eligible for deductions around its sale. The house is an asset awaiting liquidation, so the costs applied to its sale (auction fees, advertising, depreciation etc.) can be legitimate deductions.