Archives for Sellers

Are You Considering Selling Your Home This Year?

January 13, 2018 The new year is starting out like 2017 ended – not enough homes on the market for the clients we have looking to purchase. If you, or someone you know, is thinking of selling your home – we would love to compete for the real estate business. Your home is one of the largest, if not the largest, investment you will ever sell. Therefore, it behooves you to learn more about the most effective ways to market your residence. After all, you work long and hard to build this equity so why not take a few minutes
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New Mortgage Rules Effective January 1, 2018

December 19, 2017 Team Weir would like to draw the attention of 2018 buyers and sellers to new mortgage rules taking effect on January 1, 2018. “New mortgage rules coming into effect on Jan. 1 won’t trigger home price decreases, according to Royal LePage’s 2018 outlook for the Canadian housing market. The real estate powerhouse sees home prices climbing 4.9 per cent by the end of next year, up to $661,919. The estimate is based on a composite price index that measures home prices in 53 Canadian cities. The impact of the regulations won’t be exactly nil. “The new measure will
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Is It Time to Downsize? Ask Yourself These 4 Questions First

If you’ve reached the time of life where you are contemplating downsizing your home, the first question to ask, according to this Realto.com post, is what kind of lifestyle do you want after downsizing? By defining how you want to live, you can narrow your search and focus on housing that will meet those requirements.   For example, if you want to escape the bluster of winter and relax on a beach, local climate conditions and geography will drive your hunt. Or, if you like social activities, you would seek active adult communities where you can interact with like-minded people.
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8 Mistakes That Could Screw Up Your Home Sale

Usually we hear “buyer beware”, but real estate author Michael Corbett advises sellers to beware and gives 8 reasons why in this trulia.com post.  Always work with professional help, including a real estate agent.  Their expertise, experience, neighbourhood knowledge and resources will help you plot a course through the selling process.   Overpricing is a temptation to be avoided since most buyers are savvy and have the advice of an agent.  Ensure that you use high quality photos because 90% of buyers shop for home online. Complete repairs like leaky faucets before listing your home to avoid negotiations over what
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Canadian Home Prices Are Growing At One Of The Fastest Paces In The World

The Canadian real estate market continues to boom, according to this Financial Post offering.  With a year-over-year increase of 8.2%, Canada ranked 4th of the 23 countries studied in Scotiabank’s report Global Real Estate Trends, behind Ireland (13.3%), Sweden (10.5%) and Australia (8.3%).  However, the report warns the trend could change if economic uncertainty and high unemployment counterbalance the attraction of low borrowing costs.  To read more click here. The post Canadian Home Prices Are Growing At One Of The Fastest Paces In The World appeared first on Team Realty. Source: Blog
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Here’s What Pushes People to Buy Homes in 2015

If you want to sell your property quickly, at near the asking price, it is important to know why people are buying.  In this post, Realtor.com chief economist, Jonathan Smoke, suggests we pay attention to the five main triggers for home buyers: they have grown tired of their home and want a change, interest rates are exceptionally low, housing prices are favourable in many markets, they need or want more living space and they have the money to spend. To read more click here. The post Here’s What Pushes People to Buy Homes in 2015 appeared first on Team Realty.
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The Number of Real Estate Appraisers Is Falling. Here’s Why You Should Care

According to this realtor.com post, the number of real estate appraisers is dropping to the point where parties on both sides of real estate transactions could suffer. Since most residential mortgages need an appraisal before a sale closes, a shortage of appraisers will affect buyers, who rely on accurate valuations to structure their offer, and sellers, who can lose a deal if appraisals come in low.   The Appraisal Institute notes the number of appraisers has dropped 20% since 2007 and predicts a 3% annual decline for the next decade. Fewer appraisers means longer waits, which could delay a closing. That delay
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Boost Your Curb Appeal with 4 Doable DIY Projects

Most sellers realize that preparing the interior of their homes for viewing is essential.  In this article, Bob Villa explains it is just as important to stage the exterior of your house as it is to prepare the inside rooms when you are selling.  For example, a clean, well-maintained yard will signal that you have taken care of the property during your time as owner.   Power washing the garage door, driveway and fences will add to that impression.  If you are upgrading the paint, determine whether accent painting (shutters, columns, etc.) or a whole-house job is required.  And, use
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