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Toronto Real Estate Market Still Secure – Lower Price Range Wakes Up

What if I were to tell you that the real estate market has woken up – particularly in the lower price range?

With the new mortgage rules and qualifying stress test, many buyers have been pushed down to a lower budget than perhaps they would have in previous years. This has added more buyers in the $550K market and under while the amount of listings has not grown. So like anything, low supply and high demand are pushing activity level and prices!

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Negotiating: Why a Realtor is Best for the Job!

Buying or selling a home is a complex process that involves different issues, multiple parties, conflicting interests and emotions. So having a real estate agent on your side to do your negotiating is your best bet!

Negotiations begin with a written offer, and the agents for the buyers and sellers go back and forth. It’s not just the price – everything is negotiable, including closing date, repairs, appliances, and inspection.

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2018 Real Estate: Should You Renovate or Move?

Soon the spring real estate market will be upon us and many cities and communities across the GTA can expect a flurry of action to start happening.

Last year, homes sold for hundreds of thousands of dollars over listing price and bidding wars became the norm. This year, with a more stabling market, that same trend is yet to be seen, but not expected to be as crazy as those early months of 2017.

So you might be wondering if the time is right to purchase a new home, or simply stay put. It may just be the question of the year when it comes to real estate in 2018.

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Defining the “Right” Agent for You

When looking for representation, Buyers and Sellers will seek for the “best” agent in the industry.

But who is the “best” agent?  Is it the one with the highest sales volume, the one longest in the industry, or is it the agent that connects with their clients and has a proven track record to get the best results in the most effective and efficient way?

Perhaps the question should be re-positioned as to:  “Who is the “right” agent for YOU!”

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Feel Cozy, Warm and Safe by the Fire This Winter

The snow is flying and the temperature has been plummeting for the past few weeks, leading many Canadian homeowners to flip the switch on that gas fireplace. If your home is missing this cozy feature, perhaps it’s an upgrade you’re considering.

While a fireplace will usually add value to a home (including condos!), the type of fireplace you choose will certainly have an impact. For example, a wood burning fireplace will likely result in a higher premium on your home insurance policy, meaning that some homeowners might steer clear of this feature.

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Understanding Condominiums

Are you thinking of purchasing a condo? When you start your condo hunt, you’ll probably hear the word ‘freehold’ tossed around quite often. It simply means that you are not required to pay a fee each month (or the fee is quite small). This fee normally covers the costs to maintain the common grounds such as snow removal, lawn maintenance, etc.

You may have thought that when it comes to purchasing a condominium, you will be on the hook for monthly condo fees. But that’s not always the case.

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Real Estate is Still Your Best Asset

Having just recently returned from the RE/MAX Collection Luxury Forum conference in Seattle, the hot topic, as one could probably guess, was the current state of our (North American) housing market. The common take-away was that real estate is doing well in most areas across the board, with particular interest in major cities including Vancouver, Los Angeles, Chicago and New York.

This was a rare opportunity to meet with colleagues from all over Canada and the US, and I was the only representative from the Toronto market!

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The Power of Marketing in Real Estate

Most real estate professionals will agree that when selling a home, one of the most important factors is marketing. More than ever before, home sellers are particularly interested in knowing how their real estate agent should be marketing their home.

One of the biggest complaints from unhappy sellers is that they don’t feel their real estate agent is marketing their home properly or enough.  There are many real estate marketing techniques that top real estate agents utilize. Some of these real estate marketing techniques relate directly to promoting a sellers home and others do not, but certainly have a huge, albeit indirect, impact on the overall marketing of a sellers home.

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