Monday, March 11, 2024 / by Evelyn Lopes
Is Now the Best Time to Buy a House? Unpacking Spring's Unique Opportunities
The question that is on everyone's mind ... "Is Now the Best Time to Buy a House? This spring provides some unique opportunities.
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Tuesday, September 26, 2023 / by Evelyn Lopes
"Are High Mortgage Rates Killing Your Home Sale? Here's How to Turn the Tide!"
If you're a homeowner in the Caledon area, you're probably aware that the current high mortgage rates are making it a bit challenging to sell homes. But what if we told you that you could not only sell your home but also get great offers? Intrigued? Keep reading to discover proven strategies that can help you navigate this tricky market.
The Power of Competitive Pricing
It's tempting to list your property at the highest possible price, but this approach can backfire. Overpriced homes tend to sit on the market, driving away potential buyers. Instead, consider employing a competitive pricing strategy. By pricing your home either AT or slightly below market value, you can attract more buyers and potentially receive higher offers.
The Importance of Comparative Market Analysis (CMA)
To help you list at the right price, a Comparative Market Analysis, or CMA, is crucial. This research helps determine an ideal ! ...
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Tuesday, July 18, 2023 / by Evelyn Lopes- Klarine
CLICK THE IMAGE TO WATCH FULL VIDEO
Are you struggling to attract buyer attention and sell your home in the thriving Toronto GTA market? If so, it's crucial to identify and address potential obstacles that may be hampering your efforts.
In a recently published YouTube video, we discuss the five common roadblocks homeowners often encounter when trying to sell their properties. You can find this video on our You Tube Channel- The Evelyn Lopes Realty Team.
This blog post will expand on these insights to help you better navigate the home selling process.
Limited Access to Your Home
The first major pitfall we discuss in the video is the issue of limited access. A common mistake many sellers make is not providing sufficient opportunities for potential buyers to view their homes. The mantra to remember here is simple: Limited access equals limited exposure. If you restrict viewing times excessively, you significantly reduce your property's exposure to prospective buyers, which ...
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Thursday, July 13, 2023 / by Evelyn Lopes- Klarine
In a move that comes as no surprise to industry analysts, the Bank of Canada has hiked its overnight interest rate by 0.25% to 5% on July 12th, 2023. The increase, which is part of an ongoing policy of quantitative tightening, was triggered by "an accumulation of evidence" highlighting the persistence of excess demand and elevated core inflation.
This marks the tenth interest rate hike by the Bank since March 2022 and is expected to lead to banks raising their prime rates to 7.20%. The policy shift, while expected, has sparked concern among observers and is likely to have an immediate impact on variable mortgage rates.
The Bank's decision was informed by several factors, including a Canadian economy that is demonstrating greater resilience than expected. Despite predictions of consumer spending slowing down due to successive increases in interest rates, recent retail trade data indicates that excess demand remains persistent.
A significant problem is the ho ...
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real estate, evelyn lopes, evelyn lopes realty team, caledon real estate, brampton real estate, orangeville real estate, caledon, real estate market, erin real estate, mortgage, mortgages, bank of canada, high interest rates, interest rates
Thursday, July 13, 2023 / by Evelyn Lopes- Klarine
In a move that comes as no surprise to industry analysts, the Bank of Canada has hiked its overnight interest rate by 0.25% to 5% on July 12th, 2023. The increase, which is part of an ongoing policy of quantitative tightening, was triggered by "an accumulation of evidence" highlighting the persistence of excess demand and elevated core inflation.
This marks the tenth interest rate hike by the Bank since March 2022 and is expected to lead to banks raising their prime rates to 7.20%. The policy shift, while expected, has sparked concern among observers and is likely to have an immediate impact on variable mortgage rates.
The Bank's decision was informed by several factors, including a Canadian economy that is demonstrating greater resilience than expected. Despite predictions of consumer spending slowing down due to successive increases in interest rates, recent retail trade data indicates that excess demand remains persistent.
A significant problem is the hous ...
Read More
real estate, evelyn lopes, evelyn lopes realty team, caledon real estate, brampton real estate, orangeville real estate, caledon, real estate market, erin real estate, mortgage, mortgages, interest rates, high interest rates, bank of canada
