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All posts for the month March, 2016

Toronto Real Estate Market TREB 2016

March 3, 2016 — Toronto Real Estate Board President Mark McLean announced Greater Toronto Area REALTORS® reported a record number of home sales through TREB’s MLS® System in February 2016. There were 7,621 transactions reported this past February – up 21.1 per cent compared to February 2015.

If you are interested in finding out what your home is now currently worth in today’s market please visit www.RequestYourFreeHomePrice.info and one of our licensed real estate professional can help you.

Some great tips on avoiding moisture problems in your home

There are many hidden sources of moisture in your home that can lead to serious problems, such as mould. To keep moisture levels in check, consider these tips:

  • Bathrooms are an obvious source of moisture build-up. Contractor and TV personality Mike Holmes recommends keeping the fan going for at least a half hour after a shower.
  • Check regularly for water infiltration around window and door sills, as well as other intakes into the home, such as dryer vents and cable wiring.
  • Determine the humidity level in your home. According to the Environmental Protection Agency, it should be 30-60%. (Keep in mind that humidity may vary greatly from room to room.)
  • Regularly inspect caulking around sinks, tubs and showers. Even a tiny break can cause water to leak gradually into the wall or floor, causing damage you may not notice for months.
  • Clean up wet spills as soon as possible. On hardwood floors especially, water can seep through and become trapped.
  • Repair leaking faucets, toilets and pipes immediately. A drip can quickly become a shower.

Being mindful of moisture today can help you avoid potentially high repair bills later on. Should you require opinion about how much your home is now worth in the market please go to www.RequestYourFreeHomePrice.info

How-To-Shop-For-New-Home

If you’re thinking of shopping for a new home, one of the first considerations is price range. You want to know what you can reasonably afford.

How do you figure that out?

First of all, you need to determine the initial out-of-pocket costs you will need to cover. There are often more costs associated with purchasing a home than its actual price. You need to take into account such additional expenses as moving costs, legal fees, and a home inspection, not to mention the costs of prepping your current property for sale.

Experts say you should budget 5-10% above the purchase price for these items. So if you can afford to spend $670K on a new home, you should be shopping in the $625-645K range.

Another factor to consider are the potential proceeds from the sale of your current home. Your REALTOR® can help you determine how much your property will likely sell for in today’s market. Any existing mortgage will need to be subtracted from that amount to determine how much cash will be left.

Of course, you should speak to a mortgage broker or lender who can compute how much of a mortgage you qualify for. Remember, qualifying for a big mortgage doesn’t necessarily mean you should have one. You also need to consider your personal finances and desired lifestyle – and whether or not having a large mortgage is a good idea for you.

Once you have gathered all of your information, you can add any potential sale proceeds to the amount of mortgage you qualify for, add other sources of cash available for this purpose and subtract 5-10% for initial expenses, and you’ll have an idea of the price range you should be considering.

Finally, it’s important to take the time to decide what kind of home you want. Do you want a large backyard with trees? A quiet, family-oriented neighborhood? Four bedrooms and a finished basement? Once you decide what you want most in a new home, it becomes much easier to find one that’s in your price range.

Need help deciding how much you can afford when shopping for a new home? Go to www.RequestYourFreeHomeGuide.info

Mortgage Interest Rates March 2016

Good news! The Bank of Canada announced today that it is holding the benchmark rate steady for the fifth straight time, noting that “the low level of oil prices will continue to dampen growth in Canada and other energy-producing countries,” although “Canada’s GDP growth in the fourth quarter was not as weak as expected.”

Global growth is expected to strengthen this year and next, and U.S. expansion remains broadly on track. Inflation in Canada is also evolving as anticipated. Taking into account all of these considerations, the Bank “judges that the overall balance of risks remains within the zone for which the current stance of monetary policy is appropriate.”

Great news if you’ve got a variable-rate mortgage, need a new mortgage, are renewing, or want to consolidate debt at the lowest cost funds. The next rate-setting day is April 13, 2016.

If you need help in mortgage financing let our team of professional assist you. Please visit www.RequestYourFreeHomeGuide.info for more information.

On the real estate market news what’s even more fascinating is that there are very low supply of homes in the market against the demand compare to last year making the price of homes jump again this year making the average 2 storey 3 bedroom detached home at $700 – $800 thousand mark in Scarborough. So it is definitely a sellers market!

If you are interested in market watch or would like to find out when the market will shift to a Buyer’s market please subscribe to our blog. We also provide a free home market analysis of your home if you are curious about what your home is now worth at today’s market. Please go to www.RequestYourFreeHomePrice.info for more information.

See you on the next update!

how-to-keep-flowers-alive

There are few things more beautiful than cut flowers in a vase. They instantly brighten any room. That is, of course, until they wilt and die. So
how do you make cut flowers last as long as possible?

Here are some ideas:

Cut the bottom of the stems before you put the flowers in the vase. An angled cut is best as this will enable the flower to draw in more
water.

  • Add a fertilizer to the water. Most flower shops include a pouch with the order. Follow the directions carefully. Don’t use too much.
  • Make sure the vase is high enough to support the flowers. Too much strain on the stems will cause the flowers to die sooner.
  • After a couple of days, re-snip the stems. This will add an additional day or two to the life of the flowers.
  • Flowers last longer if you put them in the fridge (in water) overnight. That’s why florists store cut flowers in cool rooms.

Finally, watch the water level and top off as required. Older cut flowers will die quickly when starved of water — even for just a couple of hours.

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Surprising-Ways-Buyers-Find-Homes

Do you ever wonder how most people find the homes they eventually buy? You might imagine them driving by a “For Sale” sign or seeing a home for
sale in the newspaper and then calling to inquire.

Of course, many buyers find out about listed properties that way. But, according to research by the National Association of Realtors, there are many other — sometimes surprising — ways buyers find their next dream home

For example:

  • 88% of buyers find a home with the help of a real estate agent.
  • 90% of buyers search online as part of the home buying process. (Such as viewing a property’s profile on the agent’s website.)
  • 69% of buyers searching for a home using Google, use a specific local term, such as “Whitby-south homes for sale”.
  • 29-46% of buyers attend an Open House as part of their home hunting activities.

Overall, the research shows that buyers are using a multitude of ways — combining online and offline methods — to find homes.
What does all this mean to you? It means that if you’re preparing your home for sale, you need to ensure your marketing plan takes into account all the ways buyers are finding properties — so you can be sure that they will find yours.

You will need a strong presence in the social media world and your property must be searchable by any means. The MLS (multiple listing service) is good for this but you should not stop there. If your property only shows on the MLS and the company whom you hire to sell your house does not embrace technology you may be missing that online exposure market share. Most real estate brokerage share their own pool of listings but ONLY if they elected to.

To maximize your exposure consider the following aside from advertising on MLS:

  • Look for real estate company that cater to online advertising
  • Create a special website or landing page just for your own house with distinctive URL
  • The advantage of doing this is that so your nosy neighbor that don’t want to show up at your open house can just go in to the URL link of your property and find out everything about your property from the privacy of their own home. Most of the time your neighbor are the ones that bring buyers to your home because they like to be next door to the people whom they like.
  • Post lots of picture. Not just pictures but good professional pictures.
  • Consider virtual tours with proper description
  • Most importantly your website MUST be mobile friendly. Meaning your website or landing page loads properly on mobile phone or smart phone.

Looking for a REALTOR® who knows how to market your home for maximum exposure that specialize on Social Media marketing? Call today.

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