The time of year plays a big part of your home buying options, regardless of the particular housing market where you want to live. For many prospective buyers, looking for a home this is the best part of the process. For others, it’s the most frustrating.
Real estate is a cyclical industry, and when looking for a home, you should be aware of where your timeline falls in that cycle. Once you have your mortgage pre-approval in hand, you have a few months of flexibility, but depending on market forces, that flexibility may or may not work in your favour.
To make the best remodel or move decision, it is important to understand all the reasons that you have to remodel and all the reasons that you have to move. This article reviews common reasons to move. As you read each of these reasons, consider how much it applies to you and note how strongly you feel about each one.
1. The size of your family has changed. Of the many reasons to move, the size of your current home is the most common. Many young couples have purchased a cozy two- or three-bedroom, 1,000-square foot home that suits their situation perfectly.
The loan and mortgage process is a stressful and sometimes frustrating process. The idea is to make the entire process go as smoothly as possible. What is most important? Be prepared before you sit down with your loan officer.
Here are some things you can do to help ensure successful results, as well as give you some control over your own loan process.
1. Take time to Straighten out your finances.
If you don't have a grip on what's coming in and what's going out (and where, and why), you may be in for a rough time when you apply for a home loan.
1: Put Your Game Face On
A first impression is often a lasting one and this applies to how buyers first see your home. You want to really leave an impression—a good impression—that means preparing your home to look its best.
This is the point where many sellers will ask whether or not they should invest in some home renovations in order to increase their sale price. To this general question, there is a standard answer: No.
TORONTO, ONTARIO, April 24, 2019 - Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 4,731 condominium apartment sales through TREB’s MLS® System in the first quarter of 2019. This result was down by 6.8 per cent compared to Q1 of 2018.
New condominium apartment listings entered into TREB’s MLS® System were up by 2.4 per cent compared to Q1 2018, with 8,222 listings being added in 2019 versus 8,029 listings added in the first three months of 2018.
TORONTO, February 6, 2019 - Toronto Real Estate Board President Garry Bhaura announces the release of TREB’s fourth annual Market Year in Review and Outlook Report, in conjunction with a morning event consisting of multiple presentations and panels concerned with the housing market and broader economy. The media are encouraged to attend (see event details below). TREB MLS® System statistics for January 2019 are also provided below.
This year’s Market Year in Review and Outlook Report follows a volatile year for the housing market in 2018. Moderate improvement in terms of sales and average selling price is expected for 2019.
TORONTO, ONTARIO, June 5, 2019 –Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 9,989 transactions through TREB’s MLS® System in May 2019.1 While this result represented a substantial increase of 18.9 per cent over the 15-year low in May 2018, it should be noted that the result was still below the average for month of May sales for the previous ten years, which stands at almost 10,300.
The year-over-year uptick in sales experienced so far in the second quarter of 2019 reflects spring polling results from Ipsos (undertaken on behalf of TREB) suggesting that the share of likely home buyers in the Greater Toronto Area has edged upwards since the fall.