Milton On Homes for Sale

8 Reasons Why December is a Perfect Time to Sell a Home

8 Reasons Why December is a Perfect Time to Sell a Home

There’s this myth out there that the real estate market slows or even stops in December. It may seem counterintuitive, but the holidays are actually an excellent time to sell your home!

Here are 8 reasons to buy or sell a home during the holidays:

  1. Serious Buyers: People who are looking to buy a home during the holidays are serious about finding their new residence! There may be fewer of these folks out there in general, but the ones who are looking are ready and wanting to buy, and they’re not messing around.
  2. Low SupplyTypically, there are fewer homes for buyers to look at around the holiday season, which means there’s less competition for the attention of those buyers! When the holiday season ends and the new year begins, the supply of homes goes up. More inventory can mean more competition, longer days on market and potentially less money for your home.
  3. Sell High, Buy LowIf want to buy a home in the 2018 spring market, selling now (and potentially renting short term) gives you the chance to be a non-contingent buyer when you’re ready to purchase in the spring. This is ideal. Since the spring time will bring more buyers into the marketplace for you to compete with, now you are set up as a “great buyer” who can compete with anyone, without a house sale contingency!
  4. Holiday DecorThe holidays tend to bring out the best in a home, when it’s all decorated and dressed to the nines! Your home will show beautifully, decked out in wreaths, red bows, and white lights! I particularly love the winter scents of pine, cinnamon and the toasty wood burning fireplace. Plus, the holidays can provide that emotional connection to a home that will help a buyer feel more attached and pay your asking price.
  5. More TimeWhile your first instinct might be that people are too busy during the holidays to look at homes, think again! Many buyers may have less demanding schedules during the holiday season, or time off during Christmas as opposed to a normal work week. Especially the case for relocation buyers… one of the best opportunities for a seller. They need to purchase and only have a short time to find their next home before the new year. (See #8!)
  6. Scheduling ControlDon’t worry—if you’re selling, you can still enjoy the holidays as usual! You can limit home showings to when you’re comfortable. You stay in control!
  7. Move in the SpringYou can sell during this prime holiday time, but still not have to worry about moving until January through March, well after the holiday season is over. You can negotiate a longer closing period or an extended use and occupancy.
  8. Capture the Relocating BuyerJanuary is often a time when employees begin new jobs. Oftentimes, when someone is transferred to a new position, they need a home, and they need it ASAP! This means they can’t necessarily wait until spring to buy, and that means you need to be on the market during the final months of the year to capture this unique buyer opportunity.


We’d love to help you sell your home for the holidays! You can contact us here: JP Team

 

 

Posted by Christine Pecharich in Burlington, Georgetown, Milton, Mississauga, Oakville, 0 comments
3 Strategies for the Move-Up Buyer

3 Strategies for the Move-Up Buyer

Moving up to your “forever home” is exciting. When you bought your first place, chances are you were young, strapped for cash and prepared – if not warned – to make some concessions. The move-up buyer typically has some savings and home equity to work with, making this next move feel less like a compromise and more a thoughtful selection.
But move-up buyers face their own set of challenges that call for a carefully considered strategy. Here are three options for the smart move-up buyer with a plan!

The “Sell First” strategy is ideal for the move-up buyer who can’t afford to pay two mortgages simultaneously. Selling your property first eliminates the risk of having to carry two mortgages if you don’t sell your existing home in time. It also reduces the chances of having to reduce your asking price in the interest of speeding up the sale. This is a good option for move-up buyers who are banking on the proceeds of their sale to fund their new (and likely more expensive) property. By selling first, you’ll know exactly how much money you have to purchase your next home.

If homes in your area of choice are selling faster than the ‘For Sale’ signs can hit the front lawn, the “buy first” strategy might be the way to go. By buying your new home before selling your old one, you won’t feel rushed into settling for a sub-par property, or having to seek alternative temporary housing options while you shop the market. This move-up buyer still lives in his or her existing home, allowing them time to shop around, and continue looking until they find that perfect place. This move-up buyer typically requires a bridge mortgage.

When all is said and done, this move-up buyer approach is the most ideal, but getting there is another story. Aligning your purchase and sale closing dates can be tricky. Remember that there are three dancers in this tango – you, the person you’re buying from, and the person you’re selling to. You’ll also have to move out and move in on the same day. In this scenario, time is your best friend and flexibility your savior. This means you’ve planned ahead – you’re researched neighbourhoods, gotten pre-approved for a mortgage, and you’ve started the organizing and de-cluttering process before the big move.

The right move-up buyer strategy depends on a number of factors, such as your financial situation, current housing market conditions, your personal comfort level and your personality. Consider all these when making your decision. Plan ahead and work with a pro to ensure a smooth transaction on both sides of the bargaining table.

 

 

Posted by Christine Pecharich in Burlington, Georgetown, Milton, Mississauga, Oakville, 0 comments
Whats Happening in Milton June and July 2018

Whats Happening in Milton June and July 2018

Whats happening in Milton:

For more details just click on the description

June 2nd  Milton’s Downtown Street Fair begins

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June 3rd – 11 am to 4:00 pm

Guided Lavender Farm Tours at Terre Bleu

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June 8th – Relay for life Milton 

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June 8th – Mac and cheese festival

Image for event The Mac and Cheese Festival

June 16th : 11:00 am to 12 pm Milton National Garden Day Event

June 23rd    Strawberry Fair

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July

July 6th – 8th Milton Rib and Craft Beer Fest

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July 21st Milton Night Market

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July 21 st 9:00 am to 11:30 pm Summer Fair and Farm Expo

Country Heritage Farm 

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Posted by Christine Pecharich, 0 comments
Milton April 2018 Market Statistics

Milton April 2018 Market Statistics

GTA REALTORS® Release April Stats

May 3, 2018 — Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,792 sales through TREB’s MLS® System in April 2018. The average selling price was $804,584. On a year-over-year basis, sales were down by 32.1 per cent and the average selling price was down by 12.4 per cent.

The year-over-year change in the overall average selling price has been impacted by both changes in market conditions as well as changes in the type and price point of homes being purchased. This is especially clear at the higher end of the market. Detached home sales for $2 million or more accounted for 5.5 per cent of total detached sales in April 2018, versus 10 per cent in April 2017. The MLS® Home Price Index strips out the impact of changes in the mix of home sales from one year to the next. This is why the MLS® HPI Composite Benchmark was down by only 5.2 per cent year-over-year versus 12.4 per cent for the average price.

“While average selling prices have not climbed back to last year’s record peak, April’s price level represents a substantial gain over the past decade. Recent polling conducted for TREB by Ipsos tells us that the great majority of buyers are purchasing a home within which to live. This means these buyers are treating home ownership as a long-term investment. A strong and diverse labour market and continued population growth based on immigration should continue to underpin long-term home price appreciation,” said Mr. Syrianos.

“The comparison of this year’s sales and price figures to last year’s record peak masks the fact that market conditions should support moderate increases in home prices as we move through the second half of the year, particularly for condominium apartments and higher density low-rise home types. Once we are past the current policy-based volatility, home owners should expect to see the resumption of a moderate and sustained pace of price growth in line with a strong local economy and steady population growth,” said Jason Mercer, TREB’s Director of Market Analysis.

Posted by Christine Pecharich in Market Reports, Milton, 0 comments
Burlington April 2018 Market Statistics

Burlington April 2018 Market Statistics

GTA REALTORS® Release April Stats

May 3, 2018 — Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,792 sales through TREB’s MLS® System in April 2018. The average selling price was $804,584. On a year-over-year basis, sales were down by 32.1 per cent and the average selling price was down by 12.4 per cent.

The year-over-year change in the overall average selling price has been impacted by both changes in market conditions as well as changes in the type and price point of homes being purchased. This is especially clear at the higher end of the market. Detached home sales for $2 million or more accounted for 5.5 per cent of total detached sales in April 2018, versus 10 per cent in April 2017. The MLS® Home Price Index strips out the impact of changes in the mix of home sales from one year to the next. This is why the MLS® HPI Composite Benchmark was down by only 5.2 per cent year-over-year versus 12.4 per cent for the average price.

“While average selling prices have not climbed back to last year’s record peak, April’s price level represents a substantial gain over the past decade. Recent polling conducted for TREB by Ipsos tells us that the great majority of buyers are purchasing a home within which to live. This means these buyers are treating home ownership as a long-term investment. A strong and diverse labour market and continued population growth based on immigration should continue to underpin long-term home price appreciation,” said Mr. Syrianos.

“The comparison of this year’s sales and price figures to last year’s record peak masks the fact that market conditions should support moderate increases in home prices as we move through the second half of the year, particularly for condominium apartments and higher density low-rise home types. Once we are past the current policy-based volatility, home owners should expect to see the resumption of a moderate and sustained pace of price growth in line with a strong local economy and steady population growth,” said Jason Mercer, TREB’s Director of Market Analysis.

Posted by Christine Pecharich in Burlington, Market Reports, 0 comments
Mississauga April 2018 Market Statistics

Mississauga April 2018 Market Statistics

GTA REALTORS® Release April Stats

May 3, 2018 — Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,792 sales through TREB’s MLS® System in April 2018. The average selling price was $804,584. On a year-over-year basis, sales were down by 32.1 per cent and the average selling price was down by 12.4 per cent.

The year-over-year change in the overall average selling price has been impacted by both changes in market conditions as well as changes in the type and price point of homes being purchased. This is especially clear at the higher end of the market. Detached home sales for $2 million or more accounted for 5.5 per cent of total detached sales in April 2018, versus 10 per cent in April 2017. The MLS® Home Price Index strips out the impact of changes in the mix of home sales from one year to the next. This is why the MLS® HPI Composite Benchmark was down by only 5.2 per cent year-over-year versus 12.4 per cent for the average price.

“While average selling prices have not climbed back to last year’s record peak, April’s price level represents a substantial gain over the past decade. Recent polling conducted for TREB by Ipsos tells us that the great majority of buyers are purchasing a home within which to live. This means these buyers are treating home ownership as a long-term investment. A strong and diverse labour market and continued population growth based on immigration should continue to underpin long-term home price appreciation,” said Mr. Syrianos.

“The comparison of this year’s sales and price figures to last year’s record peak masks the fact that market conditions should support moderate increases in home prices as we move through the second half of the year, particularly for condominium apartments and higher density low-rise home types. Once we are past the current policy-based volatility, home owners should expect to see the resumption of a moderate and sustained pace of price growth in line with a strong local economy and steady population growth,” said Jason Mercer, TREB’s Director of Market Analysis.

Posted by Christine Pecharich in Market Reports, Mississauga, 0 comments
Georgetown (Halton Hills) April 2018 Market Statistics

Georgetown (Halton Hills) April 2018 Market Statistics

GTA REALTORS® Release April Stats

May 3, 2018 — Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,792 sales through TREB’s MLS® System in April 2018. The average selling price was $804,584. On a year-over-year basis, sales were down by 32.1 per cent and the average selling price was down by 12.4 per cent.

The year-over-year change in the overall average selling price has been impacted by both changes in market conditions as well as changes in the type and price point of homes being purchased. This is especially clear at the higher end of the market. Detached home sales for $2 million or more accounted for 5.5 per cent of total detached sales in April 2018, versus 10 per cent in April 2017. The MLS® Home Price Index strips out the impact of changes in the mix of home sales from one year to the next. This is why the MLS® HPI Composite Benchmark was down by only 5.2 per cent year-over-year versus 12.4 per cent for the average price.

“While average selling prices have not climbed back to last year’s record peak, April’s price level represents a substantial gain over the past decade. Recent polling conducted for TREB by Ipsos tells us that the great majority of buyers are purchasing a home within which to live. This means these buyers are treating home ownership as a long-term investment. A strong and diverse labour market and continued population growth based on immigration should continue to underpin long-term home price appreciation,” said Mr. Syrianos.

“The comparison of this year’s sales and price figures to last year’s record peak masks the fact that market conditions should support moderate increases in home prices as we move through the second half of the year, particularly for condominium apartments and higher density low-rise home types. Once we are past the current policy-based volatility, home owners should expect to see the resumption of a moderate and sustained pace of price growth in line with a strong local economy and steady population growth,” said Jason Mercer, TREB’s Director of Market Analysis.

Posted by Christine Pecharich in Georgetown, Market Reports, 0 comments
Smart Home Guide

Smart Home Guide

Smart Home” is definitely a buzz term that has been thrown around a lot lately, and having a smart home can help make your home sell faster and for more money. In an article by The Institute for Luxury Home Marketing, they highlight smart home features that  “luxury” buyers look for… and are actually more affordable than you might think. In this blog post, I’m going to give you some of the easiest and coolest (and relatively inexpensive) ways to up your smart home game.

1. Add Smart Plugs

There are actually a few manufacturers of these, but after reading reviews and compatibility with various systems, I think Wemo plugs, by Belkin, are the best, while still being reasonably priced. These plugs allow you to plug them into an outlet, and then plug various things into the Wemo plug, to operate either via the Wemo app or IFTTT (See #7 below) or an assistant (see #3 below).

These plug and switches (see #2) below are great because not only can you use them to simply turn off your lights using your phone or assistant, you can also schedule lights to turn on or off at specific times. For example, you could have a lamp or exterior light turn on at dusk and then turn back off at sunrise. Or if you are traveling and want your house to look like someone is home, you could have lamps or exterior lights turn off and on, at different times. With these switches, you can buy them singularly, in a two pack, or even a three pack.

2. Add Smart Light Switches

These are a little more complicated because they are actually hardwired into your electrical and are used to turn on and off, whatever is connected to the switch. So, you could turn on lights or a fan remotely or use your assistant. They are available as a traditional on/off switch or as a dimmer.

One caveat to this type of switch is that they don’t currently work with a two-way switch system. So, if you have a light that is operated by two separate switches, skip the Wemo option for now.

3. Add Amazon Echo/Echo Dot or Google Home

These are basically a hub that pulls all of your smart accessories together. I’ve not used a Google Home, but the Amazon Echo is pretty cool. Both systems allow you to play music directly from the device, by giving it the command to play music. With the Amazon Echo, you can set up various cloud-based music services (Spotify, Sirius XM, Amazon Music) to play for you. So, whether you’re in the mood for some Sam Smith, Grateful Dead, Pop, or 80’s music, you just tell the device what you’d like to play. Playing music is only the tip of the iceberg with these hubs though. You can give the device a number of commands, to help automate your house or condo. You can tell it turn on lights (see #1 & #2 above), adjust the temperature in your house (if you have a supported wifi enabled thermostat), or tell you what the weather forecast is for the week. If you’d like to explore some of the things you can do with the Amazon hubs, take a look at this link on Alexa.

* Apple’s Siri using HomeKit has been intentionally left off this list because, at the time of writing this, HomeKit seems to connect to far fewer devices, than Amazon or Google’s assistants/hubs. However, as with most Apple products, I feel pretty confident that they’ll catch up to the other two leaders in this space, with some excellent options.

4. Add a Wifi Enabled Garage Door Opener

Chamberlain makes a device that you can add to your existing garage door opener. What I love about this system is that not only can you automate the garage opening and closing through other items on this list of 10, but you can also receive alerts if the door stays open for an extended period of time. It only takes one time leaving your garage door open all day, before you can appreciate this feature!

5. Add a Wifi Controlled Thermostat

There are quite a few companies that offer these, but I’ve used the Nest Learning Thermostat and find it pretty intuitive. After installation, during the setup, Nest asks you what your desired temperatures are (heating and cooling), when you are wanting to be more energy efficient. Then the Nest has tracks motion in your house/condo so that if it detects that you aren’t at the house any longer, it will adjust the thermostat automatically, to the more energy efficient temperature.

You can also adjust the thermostat from your phone, through the Nest app. This is helpful if you just lay down to go to sleep and realize that you wanted to alter the temperature setting before you sleep. In addition to being able to adjust the temperature with your phone, you can also adjust it with a hub (see #3 above or any number of other wifi controlled devices using IFTTT (see #10 below).

6. Add a Wifi Controlled Alarm

If you’ve already decided to take the plunge and buy #5 on this list with a Nest thermostat, Nest now offers a home alarm. Their system is extremely easy to set up, using their app or Youtube video to guide you through the setup. A standard system comes with a main hub (keypad and motion detector), two fobs (for arming and disarming), and two window/door sensors. The hub can be armed and disarmed by using either the keypad or app on your mobile device. You can set up different keypad combinations for different people if you’d like to track people coming and going.

With the window/door sensors, not only can they detect whether or not the window or door it is mounted to has been opened, it can also detect motion. These sensors can be deactivated temporarily without disarming the whole system, if you’d like to open the window or door that it is mounted to, to let the dog outside for example.

One of the best features of the Nest alarm is that you don’t have to pay for monthly monitoring unless you want to. The system will still work without monitoring, and can even send alerts to your phone. However, if you’d like to have the system monitored, Nest offers that through Moni with a $24.99/month (3-year commitment) and $34.99/month (month-to-month).

7. Add Cameras

Wifi enabled cameras, whether interior or exterior, can be a great way to help keep your home or condo secure. Most have motion detection, which triggers the camera to record. Those same motion detection triggers can also be set to interact with other devices on this list. For example, if you have an exterior camera that detects someone on your front porch, it can begin recording and also trigger one or more Wemo enabled lights to turn on.  Because the cameras record, they can catch would-be thieves, if you find a package has been stolen.

 

8. Add a Smart Home Lock

It seems like nearly all major lock manufacturers have some sort of wifi enabled door lock, but I like the Schlage version because it seems to be compatible with more devices. I also like the fact that if you don’t have your phone or another device with you (if you’re out for a run or mowing the grass), you can still manually punch in a combination code, to unlock the door.

These smart locks can also be used in conjunction with some of the other items on this list. So, you could have it automatically unlock or lock, based on interactions with other devices. For example, you could have it set to automatically lock when you leave your driveway or automatically unlock when you return home.

9. Add SnapPower Receptacle/Switch Plates

While these aren’t necessarily connected to wifi, like the other items on this list, these are plates used to replace your current plates covering receptacles or switches. SnapPower makes these with a nightlight and also a USB charger built into the actual plate. With the nightlight, the plate detects when a room is dark, and when it is, the plate lights a small LED light. This LED light stays on until it detects that the room is light again (from someone turning on a light or it becoming daytime). So, think of it as a bit of a high-tech night light.
With the USB charger, there is a place to plug a USB cord into the plate, while still leaving two receptacles open, for plugging in alternate items.

 

With the USB charger, there is a place to plug a USB cord into the plate, while still leaving two receptacles open, for plugging in alternate items.

 

10. Use IFTTT

IFTTT is an abbreviation for “if this, then that.” This is actually an old computer programmer’s lingo and is designed as a command to have one function occur if triggered by some other function. The IFTTT has hundreds, if not thousands of ways that you can tell your various devices to work together. For example, you could use IFTTT to set up a “recipe” where when you arrive home (by using your cell phone location), your garage door opens for you, specific lights turn on inside or outside of your house, and your thermostat turns up a specified number of degrees for a more comfortable temperature. Or you could set up a “recipe” to alert you if rain is in the forecast tomorrow so that you’ll remember to take your umbrella. The recipes are really limited to your imagination of how to get your various devices to work harmoniously together, assuming your devices are supported by the IFTTT platform.

 

10.5 Upgrade Your Wifi

With nearly all 10 of these “ways to make your home smart” requiring a wifi connection, you could notice a slowdown in your wifi. So, if you decide to put a few of these into your home, you may want to think about upgrading your wireless router as well. Google has a new system that allows you to put their wifi routers in various places throughout your home, to create a “mesh” network, so you can continue to have high-speed internet, with no “dead spots.” You can read more about it here. They recommend one Google wifi point for a home/condo roughly 1500 sq. ft. If you have a larger home, you’ll want to get additional wifi points, to create that mesh network I mentioned above. (If you have a 3000 square foot home, you’ll need two Google wifi points.)

 

Google’s system has a couple cool additional built-in features. For those that have children always on the internet, you can “pause” the internet at specific times, to limit wifi usage. They also have an easy way to set up a guest network/password, if you have guests staying over, that you don’t want to give the main wifi password to.

 

 

Posted by Christine Pecharich, 0 comments
Milton March 2018 Market Statistics

Milton March 2018 Market Statistics

Statistics Supplied by the Toronto Real Estate Board:

Market Watch

GTA REALTORS® Release March Stats

April 4, 2018 — Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,228 residential transactions through TREB’s MLS® System in March 2018. This result was down by 39.5 per cent compared to a record 11,954 sales reported in March 2017 and down 17.6 per cent relative to average March sales for the previous 10 years.

The number of new listings entered into TREB’s MLS® System totaled 14,866 – a 12.4 per cent decrease compared to March 2017 and a three per cent decrease compared to the average for the previous 10 years.

“TREB stated in its recent Market Outlook report that Q1 sales would be down from the record pace set in Q1 2017,” said Mr. Syrianos. “The effects of the Fair Housing Plan, the new OSFImandated stress test and generally higher borrowing costs have prompted some buyers to put their purchasing decision on hold. Home sales are expected to be up relative to 2017 in the second half of this year.”

The MLS Home Price Index Composite Benchmark was down by 1.5 percent on a year-over-year basis for the TREB market area as a whole. The overall average selling price was down by 14.3 per cent compared to March 2017.

While the change in market conditions certainly played a role, the dip in the average selling price was also compositional in nature. Detached home sales, which generally represent the highest price points in a given area, declined much more than other home types. In addition, the share of high-end detached homes selling for over $2 million in March 2018 was half of what was reported in March 2017, further impacting the average selling price.

“Right now, when we are comparing home prices, we are comparing two starkly different periods of time: last year, when we had less than a month of inventory versus this year with inventory levels ranging between two and three months. It makes sense that we haven’t seen prices climb back to last year’s peak. However, in the second half of the year, expect to see the annual rate of price growth improve compared to Q1, as sales increase relative to the below-average level of listings,” said Jason Mercer, TREB’s Director of Market Analysis.

 

Posted by Christine Pecharich, 1 comment
Oakville March 2018 Market Statistics

Oakville March 2018 Market Statistics

Market Watch

GTA REALTORS® Release March Stats

April 4, 2018 — Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,228 residential transactions through TREB’s MLS® System in March 2018. This result was down by 39.5 per cent compared to a record 11,954 sales reported in March 2017 and down 17.6 per cent relative to average March sales for the previous 10 years.

The number of new listings entered into TREB’s MLS® System totaled 14,866 – a 12.4 per cent decrease compared to March 2017 and a three per cent decrease compared to the average for the previous 10 years.

“TREB stated in its recent Market Outlook report that Q1 sales would be down from the record pace set in Q1 2017,” said Mr. Syrianos. “The effects of the Fair Housing Plan, the new OSFImandated stress test and generally higher borrowing costs have prompted some buyers to put their purchasing decision on hold. Home sales are expected to be up relative to 2017 in the second half of this year.”

The MLS Home Price Index Composite Benchmark was down by 1.5 percent on a year-over-year basis for the TREB market area as a whole. The overall average selling price was down by 14.3 per cent compared to March 2017.

While the change in market conditions certainly played a role, the dip in the average selling price was also compositional in nature. Detached home sales, which generally represent the highest price points in a given area, declined much more than other home types. In addition, the share of high-end detached homes selling for over $2 million in March 2018 was half of what was reported in March 2017, further impacting the average selling price.

“Right now, when we are comparing home prices, we are comparing two starkly different periods of time: last year, when we had less than a month of inventory versus this year with inventory levels ranging between two and three months. It makes sense that we haven’t seen prices climb back to last year’s peak. However, in the second half of the year, expect to see the annual rate of price growth improve compared to Q1, as sales increase relative to the below-average level of listings,” said Jason Mercer, TREB’s Director of Market Analysis.

Posted by Christine Pecharich, 0 comments