10 Things to Consider When Buying a Lakefront Home
Tags: Lakefront
Here are 10 things to consider when buying a lakefront home: Water quality: Make sure to investigate the water quality of the lake to ensure it's safe for swimming and other water activities. Shoreline erosion: Look for signs of shoreline erosion, such as exposed tree roots or a receding shoreline, as this can affect the value of the property and the safety of the home. Flood ...Read More
Why Getting Preapproved for a Mortgage is Crucial Before Home Shopping
Tags: #mortgage #preapproved #preapproval
Purchasing a home is one of the most significant financial decisions you'll make in your lifetime. It's a thrilling and often overwhelming process that requires careful planning and preparation. One critical step that should not be overlooked when buying a home is getting preapproved for a mortgage. In this article, we will discuss why it's essential to get preapproved for a mortgage b...Read More
Herd It Through The Grapevine
Tags: Homes in Toronto, Market prices, SELLERS
Herd Mentality Is Predictable, Even With Investors… Beginning in March we began to see a shift in the market towards more balance, from what had been a record-setting strong Seller’s market. The federal government intervened in their Spring budget with a few measures but most notably, banning foreigners/nonresidents from purchasing property in Canada for the next two years. In...Read More
Market Shifts
Tags: housing market shift, house prices
Nothing lasts forever nor stays the same. The only constant is change and so it is with the real estate market. Market shift has been on the lips of a lot of realtors lately yet no one knows exactly what it is or what it means. The media has yet to really pick up on it. But when you’re working in this business every day and often 7 days a week, you notice the subtleties pretty quickly. And t...Read More
Sell Now or Sell Later?
Tags: HOUSING MARKET, HOME PRICING, SELLING, BUYING
Realtors talk about this subject.. a lot! With a market gone crazy, this is literally a question that could cost you thousands so we discuss it often with fellow Realtors, clients, lenders and mortgage brokers, lawyers, and other colleagues in our orbits. Here’s what we know…. Sell Now The here and now. Interest rates are at an all-time low, employment is up, immigration is up, s...Read More
The Secret Formula For Pricing Your Home
Tags: Housing Market, Home Pricing, Selling, Buying
How do we, as Realtors, really price your home? That’s the question on everyone’s lips as they try to pin down what their home is really worth. No two agents are alike in the processes and skill sets they use, so I can only vouch for what we do here at the Williams and Follows Group. We pull up the history of your home to check on it’s current status i.e. when it last s...Read More
Market Misconceptions
Tags: Real Estate, Housing Market, Buyers, Sellers, Misconceptions
Here at the Williams and Follows Team we currently have a large number of Buyers who will not list their homes until they find one to purchase. This creates a “Catch-22” situation of Sellers not listing their home, adding to the shortage of homes to buy. Historically low-interest rates have helped inflate a large pool of buyers. Everyone has an opinion of where the market is goi...Read More
Run Up In Prices
Tags: Real Estate, Sales, Real Estate Market, Housing Market
The graph below is truly astonishing and represents the most rapid run-up in home prices, in the shortest amount of time, that I’ve seen in my 24-year career! The elevated red line represents a substantial increase in equity for you as a homeowner. The orange line represents Average Sold Prices while the blue line represents the number of transactions across Canada. So what caused it?...Read More
Into The Ring - Reacting To A Market Shift
Tags: Real Estate, Housing Market, Selling, Buying, Housing, Market Stats
Many buyers moved to the sidelines during the market frenzy and run-up in prices that we experienced through the last half of 2020 and first half of 2021. Nothing stays the same, however. The home buying landscape may be shifting just a bit and buyer opportunities could once again be present in the real estate market. First of all, what is a shift and how do you spot one? Shifts are usually...Read More
House Hunting In A Bananas Real Estate Market
Tags: Real Estate Tips, Buying, Selling, House Hunting
Back in January, we wrote an article on how to prepare yourself to purchase a house. But could any of us really prepare for the bananas real estate market we’ve witnessed this year? A large majority of homes that are selling are getting prices that are above the asking price. One of the accusations we’ve heard is that Realtors are pricing the homes too low. That is part of the s...Read More