Residential freehold Willowdale real estate market trends
Communities: Willowdale East, Willowdale West
Willowdale Housing Market Report for February 2021
The February 2021 Willowdale MLS® stats indicate an average house price of $2,235,167 and 53 new listings in the last 28 days.
As of today, Willowdale housing data shows median days on market for a home is 25 days.
The builder's new home warranty coverage in Ontario and Tarion Warranty Corporation; what should you know?
There are several reasons people buy new construction homes, the feeling of the first owner of the house and design and upgrades' choices. However, one of the primary reasons people pay 10% - 20% more to buy a new construction home is the peace of mind that comes with the builder's new home warranty coverage.
The builder's contract and sales and purchase Agreement
Once you have identified the subdivision builder and the location that fits your liking and need, it is time to review the builder's contract. The contract is different, and it is in addition to the Sales and Purchase Agreement (SPA).
The Introduction to real estate market analysis
There are many statistical numbers followed in the real estate industry to understand the market condition. These numbers also help in market analysis and eventually predict the future behaviour of the market.
What are the potential opportunities to reduce expenses? Companies look for ways to reduce costs through advanced technology, better management software, reducing inventory, more efficient ways of collecting receivables.
Which businesses are worth buying? I have noticed specific industries have a higher portion of the number of businesses for sale throughout many years. To name a few, kitchen cabinet manufacturing, granite shop, mechanic shop, restaurants seem to be frequently available for purchase. It is beyond the scope of this article to discuss the reason why these industries have high turnover. I am not suggesting such sectors are not worth buying, but you should consider more scrutiny and caution with books and numbers, customer base, and the reason for sale.
How to buy an existing business (business for sale) in Canada? Buying an existing business makes sense if you have experience running a company in the past. Otherwise, you may consider starting your own startup business.
Cash purchase. A cash purchase provides a full advantage to the buyer since it will eliminate all worries that the buyer cannot close the deal. However, in a market like Willowdale, Toronto, where prices are in a multimillion-dollar range, cash purchase may not be an option for many buyers.
What is a multiple offer? Multiple offers happen when there are several buyers interested in a specific property. Multiple offers can occur in any market condition; for instance, a unique property may attract interested buyers. However, multiple offers are more common in the seller's market. It is referred to as the seller's market because there are fewer houses for sale, and the market favours the seller.
What are the advantages and disadvantages of renovating an old house and working with a contractor? PART 3
How to find the right contractor for renovation? In my 30 years of experience working with contractors, I would say referral is your best bet. Top real estate agents take referrals seriously since they are professional and do not wish to jeopardize the relationship.
See your virtual house before starting your project. You need to imagine many elements of your newly renovated home; rooms, bathrooms, closets, kitchen, and even furniture types to go with your home.
How to see the potential of a house that requires extensive works? You have come across a home that needs an extensive renovation; you like the location, property, and building. However, you cannot fully imagine yourself living in the house.
If you are reading this article, most likely you like to learn more about the process of buying a house. There are many factors you need to consider to make sure you purchase the home you desire. You may consider preparing a checklist of what is critical for you and have the items in priority. You can't have everything on the list, so the checklist will remind you where you are willing to compromise. Show your list to your family and real estate agent to get feedback from them.
Once I found the property that I like, what is the best way to determine if the listing price is the actual market value?
We have over 25 years of experience in North York, Willowdale community; we'll look at several factors. The most critical factors are looking at the property's sales history and comparables (houses sold within a few kilometers of your house) recently sold within the neighbourhood.
For several years now, we all hear all around that the Real Estate market is too hot. We all hear the alarming warning that it is a bubble. Well, some have waited for a long time to finally ignore the warning sound and forge ahead to buy their dream home. On the other hand, many wait for the coming crash.
Buying A New Construction Home subdivision In Toronto; What Are The Upgrade Options to avoid In Subdivision? PART 7
New construction upgrades, you should postpone for after closing. A good number of upgrades can wait until after closing. If you are up to it, you may do some of them yourself. I like painting, so any opportunity arises, I will take out my brushes and paint rollers and get to work.
Buying A New Construction Home subdivision In Toronto; What Are The Best Floor Plan And Upgrade Options In Subdivision? PART 6
What are the most common cosmetic upgrade options people choose in the new construction subdivision? At this stage of your purchase, you are ready to have a closer look at the floor plan and cosmetic options for your new home.
Buying A New Construction Home subdivision In Toronto; how do I choose the best subdivision lot in Toronto? PART 5
Many lots to choose from; how do I choose the best subdivision lot? It is nice to have the option, especially when selecting your lot in the subdivision. I believe this is one of the most important decisions you need to make. Not an easy decision either to make.
Residential freehold Willowdale real estate market trends (Communities: Willowdale East, Willowdale West)
Willowdale Housing Market Report for January 2021
The January 2021 Willowdale MLS® stats indicate an average house price of $2,045,933 and 40 new listings in the last 28 days.
As of today, Willowdale housing data shows median days on market for a home is 15 days.
Willowdale East (Yonge and Sheppard) condominium market report, February 2021
This report contains two sections (1) condominium prices (2) condominium inventory. These parameters are crucial to understanding of the current condominium market.
The recap of condo market report January 2021.
The January 2021 Willowdale MLS® stats indicate an average condominium price of $643,247 and 112 new listings in the period of 28 days (January).
As of today, Willowdale East condominium data shows average days on market for is 22 days
Buying A New Construction Home subdivision In Toronto; How To Choose A Subdivision Builder And The Best Time To Buy? PART 4
Can I trust the new construction home subdivision builders? Most subdivision builders are large corporations, and some are much better than others.
Buying A New Construction Home subdivision In Toronto; How do I choose the subdivision location for me? PART 3
How do I choose the subdivision location for me? The Greater Toronto area is one of the fastest-growing cities in North America. You'll discover, there are usually several subdivision sites generally in the outskirts of the city.
Why do I need a team of my own? Most of the subdivision builders are big corporations with a professional team comprised of attorneys, marketing team, sales representatives, and more.
I am serious about buying a new construction home (subdivision); what should I know? You may have seen the advertising, a giant billboard with a sketch of a new construction home. It looks appealing; the thoughts of owning and living in a new house can be emotionally satisfying. You have been thinking about it; maybe it is time to take the leap and start taking action. Is it for you? Is it the right decision to buy a new construction home?
What is the new home building cost per square foot? It's a loaded question because we need to consider the location, square footage, and final finishing. However, it would be useful to have a range, an educated estimate to help manage the budget.