Should I Sell My House Now | Evelyn Lopes Realty Team_Blog

Thursday, June 1, 2023   /   by Evelyn Lopes- Klarine

National Real Estate Market Update for 2023

There’s an old adage in real estate: location, location, location. But ever since the Bank of Canada began its series of inflation-fighting interest rate hikes last year, a new mantra has emerged: mortgage rates, mortgage rates, mortgage rates.
Higher rates had the immediate impact of cooling homebuyer affordability and demand. But when the Bank of Canada announced in early March that it would put additional rate changes on hold, the country's once-frozen housing market began to thaw. Since then, Canadian home sales have bounced higher than expected.
However, many homeowners are still putting off listing. After successfully riding out the past year's turbulence, some homeowners are waiting for prices to more fully recover. Others are holding back because they are unable to port their mortgages and feel beholden to their existing, lower rates. As a result, real estate activity isn't nearly as robust this year as it might have been had more sellers listed their homes.
As eco ...

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Tuesday, May 30, 2023   /   by Evelyn Lopes- Klarine

What are the COSTS OF SELLING A HOME in Ontario

What are the COSTS OF SELLING A HOME in Ontario
Unveiling the Secrets and Costs of Selling 
When selling your home in Ontario, it's important to be aware of the various costs associated with the process, so that you can budget for them accordingly. This list is extensive, you may have some, or all of them to account for, but being aware of them is the first step when contemplating a move. Let's break them down.
Mortgage Payout:
When selling your home in Ontario, it's important to address your outstanding mortgage. For most people , this is the biggest cost when selling a home.  Here's a breakdown of the mortgage payout process:
First get your Mortgage Statement:
Contact your mortgage lender and request a mortgage statement. This document provides a snapshot of your remaining mortgage balance, including any applicable interest or penalties.Knowing this amount is crucial when calculating your net proceeds from selling your property. Calculating your net proceeds from t; ...

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Wednesday, December 7, 2022   /   by Evelyn Lopes

SHOULD I SELL my home in Winter?

Are you WONDERING.. WHAT IS THE BEST TIME TO SELL A HOME?

SHOULD I SELL my home in the WINTER?

Deciding on when is the best time to sell a house is an important question to ask. Should I sell now or wait? Is now a good time to sell a house? What should YOU do?

Did you know that waiting for the Spring peak market may NOT be an advantage for some home sellers. In this video uncover 5 key reasons to sell BEFORE the selling season picks up and why selling in the off-season, winter months may be your best choice.

A common thought in real estate is never list your home in the winter offseason. This idea is perpetuated by industry experts, agents and repeat sellers, and the saying encourages many would-be sellers to wait until the spring peak to list their homes. 
 
However, studies show that homes listed in the winter off-season not only sell faster than those in the spring, but sellers also net more at this time.  Waiting until Spring to sell your home may n ...

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