real estate insider vol 15 2014

8
Office: 905-875-4594 [email protected][email protected] facebook.com/Manchisiteam • www.manchisiteam.com Not intended to solicit persons or properties currently under contractual agreement. WHAT’S INSIDE: Energy Efficiency: PAGE 2 Oakville Milton Campbellville Acton • Rural Halton 10 Ways to Save Money, PAGE 7 Make Two Company, Not a Crowd, in Your Master Bath, PAGE 7 YOUR SOURCE FOR REAL ESTATE INFORMATION Volume 15 Before you get to the happy moment of getting the keys to your new house, there are plenty of stressful moments. Mark Weisleder helps you navigate the path. Here are some answers to common questions about deposits when you are buying a house. When must a deposit be paid? In Ontario, the standard real estate contract gives the buyer two choices; you can pay the deposit immediately when you make an offer, or you can agree to pay it within twenty four hours after the seller accepts it. Most buyers prefer the second option. If you are in a bidding war, you will be encouraged to come up with the deposit immediately, to show good faith to the seller. Can the buyer get out of a deal by refusing to pay the deposit? No. Once the deal is accepted, you can’t change your mind. If you do, the seller can sell the property again and if he gets less money than you were going to pay the seller can sue you for the difference, plus legal fees. What happens if the deposit is paid late? The seller has the right to cancel the deal. This is because all time limits matter in a real estate contract and if you are late, even by a few minutes, the seller can try and cancel. I have seen this happen many times, especially when the seller knows that there is another buyer out there who will pay more money. If you need more time to come up with your deposit, say so in your offer. How much should a buyer pay as a deposit? This is a tough question, and will largely depend on where your home is located. In Toronto, deposits are now usually up to 5 per cent of the sale price. In Brampton, it is closer to 2 per cent. In some areas of Ontario, deposits can be as little as a few hundred dollars. Why does the deposit go to the seller’s real estate agent and not the seller? If the seller goes bankrupt or disappears with the deposit, the buyer is not protected. When the deposit is held by the real estate brokerage, it is in trust and is also protected by insurance so even if the brokerage goes bankrupt, the buyer can get their money back. If the buyer is unhappy with their home inspection, can the seller refuse to return the deposit? This happens more than you think. A deposit cannot be released unless both the buyer and seller agree. If a seller believes the buyer did not act in good faith in trying to satisfy their condition, whether it is a home inspection, financing or a condominium status certificate review, they can refuse to release the deposit. This means it stays in the broker’s trust account until a judge decides who gets it, which can take years. As a precaution, buyers should consider making two deposits in their offer, a small one of say one per cent when the offer is accepted, and a second larger deposit once the condition is satisfied. Understand the rules about deposits before you sign any real estate contract. It is expensive to change your mind later. Source: www.thestar.com 6 Things to Know About Real Estate Deposits When You Make an Offer on a House You Have to Put Down a Deposit. Here Are Some Things to Keep in Mind

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The Real Estate Insider is a bi-weekly real estate publication that is produced and distributed by The Manchisi Team Remax Legacy Realty for the Milton, Campbellville, Brookville, Acton, Rural, Halton Hills and surrounding areas. The Real Estate Insider covers industry news, updates and all the latest listings of homes in the area. Home Buyers and Sellers can get all the tips, advice and industry news they need as it relates to the sale or purchase of their home. The Real Estate Insider is distributed through Canada Post to over 35,000 homes …. and growing.

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Page 1: Real Estate Insider Vol 15 2014

Office: [email protected][email protected]/Manchisiteam • www.manchisiteam.com

Not intended to solicit persons or properties currently under contractual agreement.

WHAT’S INSIDE:Energy Efficiency: PAGE 2

Oakville • Milton • Campbellville • Acton • Rural • Halton10 Ways to Save Money, PAGE 7Make Two Company, Not a Crowd,in Your Master Bath, PAGE 7

YOUR SOURCE FOR REAL ESTATE INFORMATION

Volume 15

Before you get to the happy moment of getting the keys to your new house, there are plenty of stressful moments. Mark Weisleder helps you navigate the path.

Here are some answers to common questions about deposits when you are buying a house.

When must a deposit be paid?In Ontario, the standard real estate contract gives the buyer two choices; you can pay the deposit immediately when you make an offer, or you can agree to pay it within twenty four hours after the seller accepts it. Most buyers prefer the second option. If you are in a bidding war, you will be encouraged to come up with the deposit immediately, to show good faith to the seller.

Can the buyer get out of a deal by refusing to pay the deposit?No. Once the deal is accepted, you can’t change your mind. If you do, the seller can sell the property again and if he gets less money than you were going to pay the seller can sue you for the difference, plus legal fees.

What happens if the deposit is paid late?The seller has the right to cancel the deal. This is because all time limits matter in a real estate contract and if you are late, even by a few minutes, the seller can try and cancel. I have seen this happen many times, especially when the seller knows that there is another buyer out there who will pay more money. If you need more time to come up with your deposit, say so in your offer.

How much should a buyer pay as a deposit?This is a tough question, and will largely depend on where your home is located. In Toronto, deposits are now usually up to 5 per cent of the sale price. In Brampton, it is closer to 2 per cent. In some areas of Ontario, deposits can be as little as a few hundred dollars.

Why does the deposit go to the seller’s real estate agent and not the seller?If the seller goes bankrupt or disappears with the deposit, the buyer is not protected. When the deposit is held by the real estate brokerage, it is in trust and is also protected by insurance so even if the brokerage goes bankrupt, the buyer can get their money back.

If the buyer is unhappy with their home inspection, can the seller refuse to return the deposit?This happens more than you think. A deposit cannot be released unless both the buyer and seller agree. If a seller believes the buyer did not act in good faith in trying to satisfy their condition, whether it is a home inspection, financing or a condominium status certificate review, they can refuse to release the deposit. This means it stays in the broker’s trust account until a judge decides who gets it, which can take years. As a precaution, buyers should consider making two deposits in their offer, a small one of say one per cent when the offer is accepted, and a second larger deposit once the condition is satisfied.

Understand the rules about deposits before you sign any real estate contract. It is expensive to change your mind later.

Source: www.thestar.com

6 Things to Know About Real Estate DepositsWhen You Make an Offer on a House You Have to Put Down a Deposit. Here Are Some Things to Keep in Mind

Page 2: Real Estate Insider Vol 15 2014

Domenic Manchisi started his career in real estate in 1996. In addition to strengthening his experience, Domenic has dedicated himself to expand his skill set both personally and professionally which he has utilized to lead himself and his team to become the number one real estate team in Canada* and he was a top producer for RE/MAX in 2013. Domenic’s dedication to expand his knowledge has led him to pursue the following designations and certificates:

• Appraisal• Mortgage Financing• Property Law• Property Management

• Licensed Mortgage Agent• Brokers License• Real Estate Investment• IRES

Domenic has created a dominant presence as a real estate broker predominantly in the Halton Region. Domenic’s success is a result of his extensive experience in the real estate industry as well as the ability to understand the needs of his clients. His core understanding of the real estate industry has not only been recognized by clients but also by colleagues and industry leaders. Domenic has been invited as a guest speaker for Donald Trump’s Apprentice, Bill Rancic, has appeared with The Dragons Den Wealthy Barber, has participated in expert panels at the National Association of Realtors (NAR), has made the cover of several magazines and has won many awards across North America for the work he and his team have achieved.

Domenic currently lives in Milton with his wife and business partner, Jody Manchisi, and their two children.

*For Prudential Canada 2008-2011

Stability•Experience•Relationships

About Domenic Manchisi

Page 2

(NC) If you’re getting ready to buy a new home this summer, energy efficiency is an important element to keep in mind. While it may not be as a glamorous as planning the new paint colour or décor, energy costs should be on the list of items you evaluate at any potential new property.

You may think the only utility consideration is providing advance notice to open or update your account, but energy costs can vary significantly depending on the size of the home, your family and usage—and the type of fuel.

In Ontario, natural gas is most commonly used for home and water heating and while it is a cost-effective option over alternatives like electricity and oil, the costs are still an important factor in your monthly budget planning.

If you get a sense of the costs early it can prevent unwanted surprises later – and fortunately there are a few ways to estimate and understand your energy costs before you sign on the dotted line:

Estimate your average monthly bills. Ask the seller for past utility bills or amounts.

Consider the appliances. What stays and what will be replaced? Energy-efficient equipment is an investment in the value of your home, and the cost may be reduced through energy rebates – search online for details and current offers. Also, ask about current rental equipment and the terms of existing agreements.

Find out if an energy audit has been done: This will provide useful information on the home’s energy efficiency. It may also provide a list of things to help keep energy costs as low as possible. If an audit has not been done in a while, schedule one in advance to help you make an informed decision. The details on incentives for qualifying home buyers and sellers can be found at www.knowyourenergyscore.ca.

Once you’ve made your new home selection, visit your local utilities’ websites to find not only additional energy efficiency information, but also instructions on how to ensure your service is set up properly.

Most companies require at least three days’ notice of the move and you’ll likely have a few online forms to fill out. At the same time, you can see if they offer a paperless billing option to help avoid cluttering your new home with paper mail.

Source: www.newscanada.com

Not intended to solicit persons or properties currently under contractual agreement.

www.manchisiteam.com

Volume 15

[email protected]

Broker

JodyMANCHISI

[email protected] Representative

MickeyGALEKOVIC

[email protected] Representative

DesmondWATSON

desmondmanchisiteam.comSales Representative

[email protected] Representative

Keep Energy Efficiency On Your House Hunting Radar

Page 3: Real Estate Insider Vol 15 2014

FEATURED HOMES

Page 3

Not intended to solicit persons or properties currently under contractual agreement.

to get your home sold, call us now! Office: 905.875.4594

Volume 15

facebook.com/Manchisiteam

FOR SA

LE

$864,90023 Adastra PlaceGorgeous 4 bedroom home. Dark hardwood flooring, coffered ceilings, decorative pillars. Gourmet kitchen with stainless steel appliances, breakfast area overlooking a large family room. Double-sided fireplace between family den. Family room is open to 2nd floor with large window, main floor den and laundry with garage access. Hardwood staircase with iron pickets, very spacious 2nd floor with large bedrooms all with bathroom access. Huge master bedroom with large walk-in closet and 5-piece ensuite, situated on a huge pie shaped lot. Parking for 4 cars, no sidewalk on a cul-de-sac.

LEASE

D

3171 Napa CommonEnd unit executive townhome. This home features 4 bedrooms 4 1/2 bathrooms, upgrade granite corner tops in kitchen and bathrooms, dark hardwood floors, fully finished basement, double garage, 9 foot ceilings on main floor, custom built kitchen with island, walkout balcony on second floor, close to Highway 407, schools, Bronte Go Station, shopping, QEW, to many upgrades to list.

FOR SA

LE

$599,50067 Mill StreetJust a stunning home! Large bungalow located in Old Milton, steps to downtown. Gorgeous finishes throughout. Hardwood floors, crown mouldings, beautiful family size kitchen with breakfast area, granite counters, stainless steel appliances and much more! Large separate dining room overlooking kitchen and living room. Living room offers wood burning fireplace. 3 Large bedrooms, lots of storage, fully finished basement with separate entrance, above grade windows, wet bar, 4th bedroom and a very large recreation room. Perfect for entertaining. Over sized double garage with workshop.

FOR SA

LE

$1,599,9004919 6th LineSpectacular very private country property situated on 45 acres. Well maintained property with long driveway and scenic views of country side. Approximately 4000 square foot bungalow with walk out basement and triple car garage. Gorgeous finishes throughout. Spacious principle rooms; family sized kitchen with large island offering granite counter tops, double built-in oven and stainless steel appliances. Double sided fireplace between kitchen and family room. Large separate dining area. Three large bedrooms. Master bedroom with sitting area, two walk in closets, and 6-piece ensuite. Bedrooms 2 and 3 share a jack and Jill 5-piece bath with walk in closets. Lower level is finished offering a 4th bedroom, den, recreation room, 3- piece bath, 2 cantinas, rough in for kitchen. 1800 square feet of lower level is partially finished with a walkout awaits your personal touch. Separate hot tub and sauna room off of the family area. Walkout from breakfast area to patio overlooking acreage. Lots of parking and greenhouse and large outdoor garden.

Page 4: Real Estate Insider Vol 15 2014

Page 4

OPEN HOUSESVISIT

www.manchisiteam.com

FIND OUT WHATYOUR HOME IS WORTH

ONLINEVISIT

www.manchisiteamhomeevaluation.com

CALL TODAY905-875-4594

Volume 15

Not intended to solicit persons or properties currently under contractual agreement.

www.manchisiteam.com

FOR SA

LE

$349,900225 Sherway Gardens Road, Unit 1709Exceptionally maintained unit by the original owner. Very bright with South-West views offering an open concept modern design with hardwood floors, living/dining room with walkout to balcony, kitchen with stainless steel appliances. Spacious master bedroom with 4-piece bath, ensuite laundry. The building offers many amenities including a gym, yoga room, treatment room, indoor pool/sauna/hot tub, pool table/games room, media/library room, party room, security, guest suites and virtual golf room. All located steps to Sherway Mall and the QEW. 1 owned parking space + 1 rented which can be transferred.

FOR SA

LE

$439,9001090 Barclay CircleBeautiful end unit. Mooreside model, one of the largest models in the neighborhood. Featuring Living/dining room combination. Large Eat-In kitchen with walk out to large deck and fenced yard. Main floor family room, hardwood floors throughout and oak staircase. Finished basement with large storage/utility room. Spacious second floor offers 3 good sized bedrooms. Master bedroom offers 4-piece ensuite and walk in closet. Close to schools and parks.

FOR SA

LE

$349,9001045 Nadalin Heights, Unit 209Beautiful, never lived in 2 bedroom, corner unit condo with south views. Large foyer entrance. Updated kitchen and baths. Hardwood floors. Spacious living room, very bright with walkout to balcony. Separate den area, in-suite laundry. Pet friendly building. Large master bedroom with double closets and 3-piece ensuite featuring large glass shower stall. Free maintenance fees for one year!

FOR SA

LE

$589,900483 Pettit TrailLarge family home offering 2256 square feet with a large fully finished lower level. Spacious living/dining room combo. Main floor family room with gas fireplace overlooking the kitchen. Spacious kitchen with stainless steel appliances, breakfast bar and breakfast area, with walkout to patio. All bedrooms generous in size. Master bedroom with huge walk in closet and 5-piece ensuite. Beautifully landscaped front and back offering stone walkways and patio. Fully fenced yard with deck, gate and large shed. Parking for 4 cars on driveway - no sidewalk.

Page 5: Real Estate Insider Vol 15 2014

Milton• Bungalows/Split Levels 16 Available Starting at $429,900• Two Storeys 122 Available Starting at $419,888• Semi’s & Towns 94 Available Starting at $339,900• Apartments 21 Available Starting at $241,900• Condo Towns 14 Available Starting at $255,000

Acton• Bungalows/Split Levels 7 Available Starting at $379,900• Two Storeys 15 Available Starting at $249,900

CALL US TODAY FOR ANY OF THESE HOMES - 905-875-4594HOMES FOR SALE• Semi’s & Towns 2 Available Starting at $179,000• Apartments 0 Available• Condo Towns 1 Available Starting at $454,900

Rural • Bungalows/Split Levels 28 Available Starting at $450,000• Two Storeys 17 Available Starting at $599,900

Campbellville/Brookville • Bungalows/Split Levels 6 Available Starting at $549,900• Two Storeys 17 Available Starting at $629,000

Page 5

Not intended to solicit persons or properties currently under contractual agreement.

to get your home sold, call us now! Office: 905.875.4594

Volume 15FO

R SALE

$409,90026 Flowertown AvenueLarge raised bungalow on a huge lot with in ground pool! Spacious main floor with 3 bedrooms, updated kitchen and bathroom. Sunroom addition overlooks yard. Large finished basement with 2 bedrooms, 3-piece bathroom, Recreation room and wet bar that can easily be converted into a kitchen. Perfect for in-laws or extra living space. Large driveway can accommodate up to 6 cars. Close to transit, amenities, recreation centre, parks and school.

FOR SA

LE

$424,90082 Queen StreetBeautifully kept century home in the quaint village of Morriston. Built in 1909. Just moments from the 401 for easy access. 1750 square feet with 3 bedrooms and 1.5 baths. Main floor features hardwood floors, spacious and bright principle rooms and main floor office/family room with access to rear deck and picturesque views. This home features chestnut woodwork, hand crafted crown mouldings, stained glass windows, 100 amp service, updated bathrooms. Walk up unfinished attic is 31 feet x 24 feet and awaits your personal touch. Furnace (2010). Mature perennial gardens, lots of room for parking, sits on just under an acre with farm fields behind there is lots of privacy and room for entertaining or relaxing.

FOR SA

LE

$4,900,00013268 Fifth LineExquisite 1840’s re-finished home with all of todays modern finishes still keeping the old age charm, situated on 95.25 acres. Spacious 4 bedroom 3.5 baths, 3 fireplaces, Gorgeous hardwood floors, High baseboards and large wood trim, crown mouldings, galley kitchen with stainless steel appliance. Formal dining room, main floor family room and 2nd floor family room. Large separate living room. Master bedroom addition above garage offers a 5-piece ensuite, walk-in closet, gas fireplace and walk-out to balcony with stunning views of the pond and property. Large mud/laundry room, heated & air conditioned finished garage. 1,400 square foot barn with loft and oversize double car garage. Geo thermal heating/cooling, silo with spiral staircase and views that are spectacular. Feature sheet available upon request for more details.

FOR SA

LE

$259,900100 Millside Drive, Unit 1403Spacious corner unit with North West views. 2 bedrooms, galley kitchen with breakfast area. Large living room with lots of windows allowing a bright space. Spacious master bedroom with 4-piece ensuite and double closets. Terrific building with indoor pool.

Page 6: Real Estate Insider Vol 15 2014

Page 6

“Domenic and Jody were great. Being

originally from Milton, Domenic knew the

market, people and pricing of the real estate

that has helped us to sell our house and

buy a new one. We were very satisfied with

Dom’s and Jody’s speedy service, advice and

recommendations. As a matter of fact, as we

enjoyed a bottle of wine celebrating our real

estate success we plan to have them over for

a BBQ to show off our new house and thank

them again for all of their help with the buying

and selling process.”

- Zawartka’s Family

Volume 15

More information is available via email at

[email protected]

If you love to work with clients, are driven to succeed and committed to a successful year,

we would love to talk to you.

We offer a great work environment,training and leads.

The Manchisi Teamis Seeking

Sales Professionalsto join our

TOP PRODUCING TEAM

Not intended to solicit persons or properties currently under contractual agreement.

www.manchisiteam.com

TESTIMONIAL OF THE WEEK

ADVERTISE HERECall 289-259-5855

or email [email protected]

FIND OUT WHAT YOUR HOMEIS WORTH ONLINE

VISITwww.haltonhomeevaluation.com

SAFE WHEN NEW SAFE WHEN WORN* The MICHELIN® PremierTM tire features EverGripTM Technology, which combines an evolving tread groove design with a high-traction tread compound to stop shorter, increase grip and hydroplaning resistance. | **For terms

and conditions, see the MICHELIN® Tires Owner’s Manual or visit michelin.ca. © 2014 Michelin North America (Canada) Inc. All rights reserved. The “Michelin Man” is a registered trademark licensed by Michelin North America, Inc.

905-876-4788905-876-4788555 Main Street East, Milton, ON

Mon-Fri: 8:00 am-6:00 pmSaturday: 8:00 am-3:00 pm

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4 MICHELIN®TIRESinstant rebate when you buy

Bring in this coupon to redeem o�er. Not to be combined with any other o�er.

from August 1-30, 2014

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Source: ©Web Sudoku 2014 - www.websudoku.com

Page 7: Real Estate Insider Vol 15 2014

Make Two Company, Not a Crowd, in Your Master Bath(NC) – They say: “don’t marry the person you can live with, marry the person you can’t live without.” But while you may be ready to share your life with someone, you may quickly realize you aren’t willing to share everything, and some of your partner’s habits you could definitely live without. So how can you achieve togetherness with bliss? His-and-her master bath bathrooms could be the perfect solution.

The Wall Street Journal recently reported that “his-and-her master bathrooms” (the industry term that allocates separate spaces for a couple) are no longer just for luxury homes; the trend is cropping up in a wide range of home sizes and prices. In fact, developers report that the size of master bathrooms has increased dramatically, making room for partner-friendly features.

Why? Many working couples get ready at the same time each morning, making these separate spaces a way to combat scheduling bathroom time. Plus, many are enjoying the room as a place for morning conversations and planning the day, without tripping over each other. And for empty nesters and baby boomers, they are hitting the age where they seek comfort and tranquility and are willing to splurge on a space where they can spend time together.So what are homeowners adding to these new his-and-her baths? Here are a few suggestions on creating a master bath for two that’s functional, fashionable and fabulous:

Achieving Bathroom Bliss - Do you find gobs of toothpaste left in the sink by your partner troublesome? Or have you tried to brush your teeth at the same time and at the same sink as your spouse? Research proves these are top annoyances. So, don’t sweat these small things – separate them. Separate sink spaces help eliminate tension and make getting ready with your partner easier. And when choosing new sinks and faucets, designers at Moen tell us that their new Align collection is the perfect solution to create a distinctly designed bath. This sleek and modern line offers a variety of faucet options – with one or two handles and

Page 7

Not intended to solicit persons or properties currently under contractual agreement.

to get your home sold, call us now! Office: 905.875.4594

Volume 15

in popular finishes such as chrome or Moen’s own Lifeshine Brushed Nickel – to meet any style preferences.

In addition to splitting the sink area, be sure to install two of every bathroom accessory, ensuring each partner has their own designated space for storing personal belongings. To perfectly match your two new faucets, the Align collection gives you robe hooks, plus a unique swiveling double robe hook that combines two hooks in one to hold towels and robes for both partners, along with towel rings, and 18- and 24-inch (45- and 69- centimeters) towel bars.

Sensational Showers - For couples looking at a shower space that’s customized to their specific needs, Moen also tells us that digital shower systems, like their IoDigial, bring a truly unique element to the space. Simply program the shower to deliver personalized, precise temperature and water flow. Once you’ve found your perfect combination, it’s simple to save as a pre-set and you can forget about fiddling with the temperature every time you step in the shower. Best of all, you can turn IoDigital on with a remote from across the room or while still in bed.

Privacy Please - A single toilet in the bath is still prevalent, but according to developers, nearly a quarter of homeowners insist on a private toilet compartment. While this might be a separate area for private time, be sure to keep the peace with your partner and don’t forget the little things, such as restocking the toilet paper. Luckily, installing a pivoting- or single-post paper holder makes the task even easier to ensure you combat this common pet peeve.

Closets Off the Master - Bath Topping the list of the most-likely must-haves for homeowners in 2014 is a walk-in closet off the master suite. According to homebuilders, this extra space is the perfect solution for couples. Adding an organizational system will help designate spaces for you and your significant other, such as tie racks for men or drawers and shelves for women’s accessories and shoes.

With a bit more square footage and designated his-and-her amenities, today’s homeowners are finding harmony when sharing their bathroom. Just don’t forget the little stuff (like putting the cap on the toothpaste) to keep the serenity of the space and make two company, not a crowd.

Source: www.newscanada.com

HALTON – Although most homes for sale are resales, one out of four homebuyers purchases a new home. Which is better: existing or new? The right answer, of course, is up to you. Both resales and new homes offer advantages. Existing homes are less expensive on average, and are generally closer to, and enjoy the warmth and surroundings of established neighborhoods often with mature landscaping.

New homes, on the other hand, offer innovative use of space, greater energy efficiency and choices of options and upgrades. Everything is new and modern.

Most people consider both new and existing homes before they decide to purchase.

A new, special insider report entitled “New Homes – 10 Tips to Save You Time and Money” has just been released which identifies 10 invaluable tips to save you time and money when purchasing a brand new home. Also revealed are little-known buyer advantages that most builders may not tell you.

To learn more about what you should be aware of before you visit your first model home call for a free report today.

To order your free copy of this report, visit us online at www.haltonfirsttimebuyer.com

Ways to Save Money When Buying a New Home

Page 8: Real Estate Insider Vol 15 2014

“Your Connection to a Better Mortgage”Lic. # 10505

Not intended to solicit buyers or sellers currently under contract with brokerage.

Volume 15Page 8

Not intended to solicit persons or properties currently under contractual agreement.

www.manchisiteam.com

TO GET YOUR HOME SOLD CALLTHE MANCHISI TEAM TODAY

CALL NOWOffice: [email protected][email protected]/Manchisiteam • www.manchisiteam.com