You may have heard the old saying, "numbers do not lie," and this is one idea that you can take to the bank. Interestingly, there seems to be a common quality among self-made wealthy individuals. They have a good sense of numbers. As any savvy real estate investor will tell you, they are avid followers of real estate market reports.
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With so many people working from home these days, the idea of the home office has changed a bit. While some have a dedicated space for their computer and other tools, others work from their couch to supervise the kids. In the long run, it pays to have an office at home because there are many tax benefits and write-offs that come with such a space.
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How to Move to Toronto and Launch a Business All at OnceIf your existing home can’t support your dream of starting a business, moving to Toronto could be your best bet. While it might seem like handling a move and launching a company simultaneously isn’t possible, that isn’t the case. David Khosravi can help you make it happen.
John and Emma, after much thinking, and debate are ready to sell their home. Emma explains, it is an emotional decision, but we need the space since our babies are growing up.
Selling your home can be an exciting part of the relocation process, but it comes with a list of challenges to overcome. Improving the curb appeal of your property is a task of utmost importance and one that changes season by season. In the cold months of fall and winter, bitter temperatures and inclement weather make it challenging to maintain a desirable appearance for prospective buyers.
The Canadian residential real estate market has defied many speculations and made a fool out of many industry experts. The continuous price increase had made it difficult for many first-time buyers to enter the market. However, some lucky ones like Emma and John consider themselves fortunate since they purchased their home much earlier. In a few years, they have sizable equity on their home.
The Multiple Listing Service, referred to as the MLS, is a centralized location of all homes for sale by real estate agents. The MLS is the most valuable tool for real estate agents, as
When you decide to sell your home, choosing the right real estate agent is one of the essential parts of the process. However, you may take all the precautions and still wind up with less than an adequate agent. You come to the conclusion that you no longer want them, and you are willing to fire them.
Jane and John are planning to sell their beautiful three-bedroom house and move to a bigger house. They meet with their trusted listing agents Adam.
Most likely, you have heard the common sayings, "real estate is local," "location is everything," and "location, location, location." Media say it; real estate agents say it, and almost everyone else. So it must be important, and it is, in fact, crucial. But what does it mean when we say real estate is local?
The last strategy I like to discuss here is the buyer's conditional offer, which is conditional on selling the buyers' existing house. Let's look into this in more detail.
Every year in Toronto, there are thousands of real estate transactions; people sell their home and buy another for various reasons. Some common causes are to scale up, scale down as the family dynamics changes. People move to a different community or close to a job to reduce commute. Considering the cost and difficulty of selling your home and moving to a new one, one expects people will never move; However, underlying reasons are enough for people to take on the challenge.
The list of tools and techniques to estimate the market value.
Online home value estimate. Many companies have realized the crucial role of the internet for home selling. Hence, they took on the challenge of developed software models to automate the home valuations process.
The Commonsense approach is the buyers' point of view. We looked into the personal and external biases that influence the pricing of homes. Such biases work against our common sense, which results in overpricing our homes. Common sense tells us to ask the most important question; what do home buyers care about. When I walk into a car dealership, I am careful to buy a car that meets my needs, and I care about. I may care for safety, fuel consumption, or luxury. I do not wish to buy the car that the dealership wants to sell. Now shopping for a car or home, the buyer's mentality does not change. We need to look at this from the buyer's point of view.
You rarely find anyone admitting they have a preference in one way or another. Yet, most of us are biased, especially regarding matters that are most important for us. Here I'll look into the biases that influence home pricing and how to avoid it.
Most top real estate agents and industry professionals agree that pricing a home is crucial for the home selling process. Yet, numbers show many houses are overpriced, hence not selling promptly. Also, some of these houses are sold below their actual market value. So the question is, what goes wrong and how can we get the house pricing correct.
How important is it to check the real estate agents' references? A professional agent will have the names of references ready during the listing presentation. However, here are a few things you should ask and learn about them. You may request to contact the most recent listings they have sold in the area. It would help if you considered reviewing their websites and online reference reviews. It is imperative for you to learn as much as possible about the real estate agent you'll hire. You should not hesitate to ask questions.
Why is communication vital for both the listing agent and the seller? We all agree on the importance of communication, yet, many issues arise because of a lack of communication. The process of selling a home is complex and involves many decisions.
How active is the real estate agent in the area and community? There are many reasons you like to make sure the agent is working full time and active in the area. To agents are well-known in the community for their real estate work and other community-based involvements like charity, community support. It would be helpful to know how many current listings in the area do they have? How many transactions they had with the past year or two?
Introduction to what are the questions you need to ask before hiring a real estate agent? Selling a home is not a trivial task; it is a multistep process requiring several professional skills. Many of these skills are developed over many years, working directly with clients through many negotiations. It is not an easy task; in addition to experience and skill, calm nerves and thick skin may be required. Home is their most significant investment for most people, and to trust someone to guide you through the transaction should be taken seriously.
When is a good time to sell your home? The short answer is when you are ready for the reasons that are important and make sense to you. Selling a home requires extensive planning and preparation; in other words, it is a process that must fit the needs of you.
Important Steps to know Before Selling Your Home; Why you should be a respectful and collaborative seller? PART 5
Why you should be a respectful and collaborative seller? Selling and buying your home can be a very emotional process. It takes very little for people to move on the defensive side. A strong emotion for both sides to protect themselves and their belonging, and it is entirely normal. In reality, sellers want more money for their property, and buyers will do their best to buy the best property for their money. Both sides should lean back, relax and understand that this is the negotiation process; it is not the idea of them versus us.
Important Steps to know Before Selling Your Home; Why should you confirm the buyer's financial capabilities before signing an agreement? PART 4
Why should you confirm the buyer's financial capabilities before signing an agreement? It is essential that before you get into a contract with a buyer, as a seller, you want to make sure the buyer can afford your home and make good on the presented offer. An experienced listing real estate agent can verify the buyer's financial capabilities by several suitable methods.
Important Steps to know Before Selling Your Home; Why should you consider staying away from home during the home showing? PART 3
Why should you consider staying away from home during the home showing? Selling your home can be inconvenient in many ways, such as keeping home in showing conditions all the time, ushering in odd times, avoiding cooking meals that do not smell as pleasing, showing on the weekends, and so forth. Regardless of how inconvenient it may be, you mustn't be present at home during the showing as a seller.
Important Steps to know Before Selling Your Home; Why is pricing your home to market value makes sense? PART 2
Why is pricing your home to market value makes sense? Every day many eager buyers are looking on the internet for new listings to come to market. They are excited to find the right home; they compare your home with those in the market. What happens when you price your property over the real market value? Some buyers may disregard your property, assuming negotiations will be difficult. Some buyers will wait until the price is dropped; meanwhile, they look at other potential properties.