Today’s sky-high real estate market can make buying a first home seem like a distant dream. Don’t be discouraged. It might take a bit more planning, but you can do it. Good financial strategy and some real estate research can help you get into your first home sooner than you’d think.
In recent years, millennials have been moving from the suburbs to downtown cores. After all, in most cities that’s where the action is. Why live away from restaurants, entertainment and culture? Living close to the action also lets millennials walk or bike to work. For a generation that’s conscious of its impact on the environment, that’s another important consideration.
Living in a condominium provides all kinds of benefits, including freedom from routine maintenance such as lawn care or snow shoveling to security. Many people also enjoy the sense of community and accessing shared amenities including fitness centres and party rooms. However, living in close quarters with others can sometimes lead to issues that need to be resolved.
No one ever wants to sell their home at the wrong time. But when is the right time? Are we supposed to sit and watch the market constantly?
Although I have always told my clients that they should never try and time the market, there does tend to be a good time to buy/sell vs. a bad time. But that’s what you have an agent for – to help you with these decisions.
You’ve finally found the dream condo you’ve been searching for and are ready to make it your own. But before you sign your deal, understand your rights as a new home buyer. Here are some steps to take:
Yes, people do still want to move to Toronto and the proof is in the numbers.
A new survey conducted by Finder, a personal finance comparison website, has determined that owning a home is still a top priority for many – especially those considered to be in the Generation Z category.
Have you ever wondered how that new bathroom you just put in is going to affect the price of your home if you decide you want to list it for sale? How about that kitchen upgrade you did last year? That’s got to be worth double what you put into it by now, right? Well, you’d be surprised…
As a real estate professional, working for you is really what I do best. Recently I was ranked 12th among all Remax individual realtors in the country for 2019 first quarter sales of residential homes and condominiums.
Are we in a Buyer’s market or a Seller’s market?
Most people just guess, but there is a more accurate measure. It’s called the Sales-to-New Listings ratio. You take the number of sales over a period of time, usually a month, and divide it by the number of new listings for the same period. That is a flow to flow concept.