Real Estate 2022 | Evelyn Lopes Realty Team_Blog

Tuesday, November 1, 2022   /   by Evelyn Lopes- Klarine

7 Tips to Maximize Your Home’s Sale Price

Over the past few years, a real estate buying frenzy bid up home prices to eye-popping amounts. However, as mortgage rates have risen, buyer demand has cooled.1 Consequently, home sellers who enter the market today may need to reset their expectations.
The reality is, it’s no longer enough to stick a “for sale” sign in the yard and wait for buyers to bang down the door. If you want to net the most money possible for your property in today’s market, you’ll need an effective game plan and a skilled team of professionals to implement it.
Fortunately, we’ve developed a listing strategy that combines our proven approach to preparation, pricing, and promotion—all designed to help you get top dollar for your home. But you will play an important role in the selling process, as well.
Here are some crucial steps you can take to set yourself up for success as a home seller in this market:

Make Strategic Repairs and Improvements
When you sell d ...

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Tuesday, September 13, 2022   /   by Evelyn Lopes- Klarine

What's your Home Buying Power?

If you or someone you know is thinking of buying a home, you may be wondering what you can afford. While affordability is important, the real question is: What’s your buying power? In todays video we will cover what makes up your buying power, how is it calculated, how does it affect your purchasing power and what 4 factors influence your overall buying power. As a bonus at the end of this video I will let you know how you can get our FREE REPORT - " What's Your Home Buying Power?"
Let's dive in.
Your buying power is more than how much of your income you have available to make a mortgage payment; it also comprises how much you’ve saved for a down payment, the proceeds from a home sale and the amount you’re qualified to borrow
Are you in the market for a new home or investment property? One of the first questions you’ll probably ask is, “What kind of house can I get and what can we afford?” Many buyers
become so caught up in how much they can affol ...

  real estate, real estate 2022, first time buyers, home buying, real estate tips, homebuyer tips

Monday, July 4, 2022   /   by Evelyn Lopes- Klarine

7 Costly Mistakes Home Sellers Make (And How to Avoid Them)

No matter what’s going on in the housing market, the process of selling a home can be challenging. Some sellers have a hard time saying goodbye to a treasured family residence. Others want to skip ahead to the fun of decorating and settling in a new place. Almost all sellers want to make the most money possible.
Whatever your circumstances, the road to the closing table can be riddled with obstacles — from issues with showings and negotiations to inspection surprises. But many of these complications are avoidable when you have a skilled and knowledgeable real estate agent by your side.
For example, here are seven common mistakes that many home sellers make. These can cause anxiety, cost you time, and shrink your financial proceeds. Fortunately, we can help you avert these missteps and set you up for a successful and low-stress selling experience instead.
 

MISTAKE # 1: Setting An Unrealistic Price 
Many sellers believe that pricing their home high and s ...

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Thursday, June 23, 2022   /   by Evelyn Lopes- Klarine

Greater Toronto Area (GTA) - May Real Estate Market Update

GTA Realtors Release May Stats TORONTO, ONTARIO, June 3, 2022 -
Greater Toronto Area (GTA) housing market conditions continued to evolve in response to higher borrowing costs. Similar to April results, May 2022 sales were down on a monthly and annual basis. Conversely, active listings at the end of May were up on a month-over-month and year-over-year basis. More balanced market conditions have provided buyers with more negotiating power. As a result, while benchmark and average home prices were up substantially compared to last year, selling prices trended lower on a month-over-month basis. ''Bank of Canada rate hikes, including the 50-basis point hike on June 1, are impacting home buyers in the short term. There is now a psychological aspect where potential buyers are waiting for a bottom in price. This will likely continue through the summer. However, as home buyers adjust to higher borrowing costs, housing demand will be supported by extremely low unemployment, high job vacanci. ...

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Friday, May 6, 2022   /   by Evelyn Lopes- Klarine

April Real Estate Market Update

GTA REALTORS® Release April Stats
The Greater Toronto Area (GTA) housing market continued its adjustment to higher borrowing costs, with the number of transactions down on a monthly and annual basis. As has been the case with previous rate tightening cycles, some home buyers have moved to the sidelines to determine how they will reposition themselves in the marketplace given the higher rate environment and related impact on affordability.
“Based on the trends observed in the April housing market, it certainly appears that the Bank of Canada is achieving its goal of slowing consumer spending as it fights high inflation. Negotiated mortgage rates rose sharply over the past four weeks, prompting some buyers to delay their purchase. Moving forward, it will be interesting to see the balance the Bank of Canada strikes between combatting inflation versus stunting economic growth and related government revenues as we continue to recover from and pay for pandemic-related programs,&r ...

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Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®. Copyright 2024 Last Updated April 17, 2024
Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®. Copyright 2024 Last Updated April 17, 2024
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