Given that more Canadians own their homes today that at any other time in our nation’s history, it’s fair to say that homeownership has become one of our country’s primary cultural values. Chances are you’ve spent the occasional Sunday mesmerized by a real estate program or two, and even if you don’t keep up on the latest home trends, you’re probably familiar with the importance of location, kitchens, and bathrooms to property values.
If like thousands of people throughout the Greater Toronto Area you have worked with a REALTOR® in recent years, you probably have an appreciation of the many variables that can occur in a transaction.
While working in the real estate profession demands a considerable knowledge base, throughout my 30 years as a REALTOR® I have found that one of the most important aspects of the job has remained the same: the simple act of bringing people together. It is immensely gratifying to see the enthusiasm in buyers’ eyes as they envision their new lifestyle and the sense of achievement that sellers experience when an agreement is reached.
To make the best remodel or move decision, it is important to understand all the reasons that you have to remodel and all the reasons that you have to move. This article reviews common reasons to move.
1. Failure to effectively market the property. Good marketing distinguishes your home from hundreds
Understanding the Offer to Purchase Form is essential once your house hunting expedition is a success! You have found the perfect home, one that satisfies your needs, most of your wants- and best of all, fits your pocketbook. Now comes one of the most important phases of your home-buying experience: making an offer to purchase the home.
If you are buying a home, then, before you decide on whether this home is your dream home, the following checklist will help you look at prospective homes with a critical eye. We suggest printing this page and putting it on a clipboard. When you find a home that really interests you, mark the features you see and note their general condition on this list.
Home value sometimes referred to as "Value in Use", is best described as the probable price at which a home trades in a free, competitive, and open market and is synonymous with the market value.
The Income Tax Act does not specifically set out whether or not a gain or loss is capital in nature. The taxpayer is responsible for reporting the gain as income or capital gain. This report may then be challenged by the Canada Customs and Revenue Agency with the onus of proof on the taxpayer.
When should I sell my home? Your answer to this question might be right now! If you have taken a job in another city or made an offer on a new home, or had an addition to your family, selling your home fast might be the most important goal you have. Most people, however, have some flexibility when they sell their home. Let us take a closer look at the most important factors that can go into this decision.
A very accurate saying is that "Any home will sell once you get the price right." Of course, this is usually said from the perspective of dropping a price until it's too attractive to pass up. Actually, the accurate pricing of your home prior to listing is as much an art as it is a science.
You may have lived in your home for many years. The location factors that you considered when making your purchase decision may not apply to today’s buyers. The task is to identify the current positive aspects of your home’s location and market them aggressively. When it comes to positive locations, people’s different attitudes and preferences will determine if a location is a “good” one.
Marketing a home for sale is quite different from most other types of marketing and advertising. Unlike marketing many products, homes are each unique. Marketing decisions will be based on thorough examination of the home’s features and comparison to the competition in the marketplace. Decisions must also be made concerning improvements that might enhance the home and sell it faster and for a higher price.