If you’ve been looking into buying a condo downtown Toronto, you may have noticed a few things that could be perceived as concerning or even bewildering. Maybe the prices are too high and you can’t figure out why or how that could be. Or perhaps you’re finding that every condo you’re interested in is gone before you even have a chance to give it a second thought.
Before you make the big decision of buying a home, it’s a wise idea to get a professional home inspection. They can prevent a lot of issues for both buyers and sellers. It’s important to select the best inspector for the job. Here are some tips to consider when choosing a home inspector.
One of the most important – and trickiest – considerations when selling your home is listing it for the right price! An overpriced home is the number one reason it won’t sell. When it’s priced too high it can sit on the market for far too long and turn into a stale listing. Here are some ways to best find out how much your house is worth:
At the beginning of this year new tighter mortgage rules were put out by The Office of the Superintendent of Financial Institutions (OSFI). This has made it more difficult for some home buyers to get mortgages this year.
When it comes time to buy a home, finding the best mortgage can save you a lot of money as well as affording you the opportunity to buy the home you have your heart set on. Using a mortgage broker can be the right decision to help you achieve your goals.
One of the ways realtors measure the strength of the market is to analyze the month over month sales increase at this time of year. For example, March sales were 40% higher than February. In 2017, the month over month increase was 50%. A late spring (weather wise) means we can expect the spring market to run through mid summer.
Referred often as “Millionaires Row”, the area known as ‘The Bridle Path’ is the most affluent neighbourhood in Canada. With an average household income of approximately $1M, and an average dwelling value of $2.24M, this exclusive enclave of homes is located in North York, Toronto and is surrounded by the Don River Valley and lush parkland, which provide the perfect backdrop for The Bridle Path’s stately homes.
When spring has sprung, so has the housing market! Spring is typically considered a hot period to sell your home, as it’s the beginning of the busiest season in most areas.
One reason is that people like the warmer weather. Homes look better and days are longer. Families also usually prefer to purchase a home this time of year to be settled before the next school year begins. Homes do not have as much curb appeal during the harsh winter months. Blooming flowers and fresh gardens make the house beautiful and inviting at a first glance.
In Toronto’s ever evolving real estate market, both buying and selling a home are very personal decisions. Add buying and selling at the same time, and the process becomes even trickier. The path up the property ladder is different for everyone and which to do first depends on your unique circumstances.
Buying and selling a home at the same time is no small endeavour and involves extensive research and a clear understanding of all the steps involved.
When selling your home, there are several benefits to having an open house.
It gets eyes on your home, especially for potential buyers who otherwise may not book a showing. Some home buyers prefer the less formal setting of an open house and it gives them the opportunity to easily bring along other family members or friends to view it with them. It is also a great opportunity to receive feedback on your home.