March has arrived!
The old adage says that March “comes in like a lion and goes out like a lamb”. Normally, this is prediction is quite accurate in terms of the weather we experience here in Southern Ontario, as well as the real estate market. But this year, all indicators point to something quite different.
Any typical March in the past has marked the beginning of the Spring Market in real estate – a time that sees inventory and real estate activity rising as we awake from a virtual winter hibernation. No such hibernation existed this winter. With inventory at an all time low, and buyer demand steadily increasing, sellers are enjoying the strongest seller’s market we’ve quite possibly ever seen. Buyers, on the other hand, are struggling to find anything in their price range that doesn’t involve competing with multiple buyers for that same property.
This March, we expect a rise in inventory as regions across Ontario move out of lockdown into less restrictive zones. Hopefully, this will dampen the seller’s market, but we don’t expect March to “go out like a lamb”. We expect the seller’s market to remain strong, which means that buyers will continue to be in competition for most properties that they fall in love with.
We’ve been able to help sellers capitalize on this hot market, and we’ve also been successful in helping buyers find their next home without overpaying.
So, while the March market continues to roar like the ferocious lion it is, allow us to help you get the most return possible on your investment or to help you navigate this market as a buyer. We always act in your best interest, and in turn, we’ve been rewarded with being among the top 5% Royal LePage Realtors® nationally!
We always go ahead above the rest for you, your family and your friends, so let us know how we can help you or anyone you know!
Wishing you well, and stay safe!
EMESE Zaduban & HENK Vanden Beukel
Emese 416-886-7050, Henk 905-932-8453
Picking the Ideal Neighbourhood for your Next Home
Imagine moving to a neighbourhood that has something you really want, like a nearby golf course, more wooded areas and walking trails, or a faster commute to work. How would that impact your lifestyle?
Chances are, it would have a big impact! In fact, your choice of neighbourhood plays a huge role in your overall enjoyment of your home.
Of course, you might love living where you are right now, but if you’re looking for a change, here are some tips for finding a new area that fits your desired lifestyle:
Make a list. Write down all the things you want in a neighbourhood. For example, you might want to live in a bustling urban setting with nearby access to public transit, theatre, and shopping. Or, you might want just the opposite! The point is to clearly define your ideal neighbourhood.
Go on weekend scouting missions. Check out neighbourhoods that closely fit your criteria. Go for a walk. Check out the local amenities (parks, shopping, nearby golf course, etc.) Look at the types of homes in the area.
Talk to the neighbours. When visiting a targeted neighbourhood, try to chat with a few of the residents. If you see someone walking a dog, for example, say hello. Strike up a conversation. Get an idea of what it’s like to live in the area.
Get the facts. There is a lot of data available on neighbourhoods, including crime statistics, demographics, and more.
Check affordability. There’s no sense trying to get into an area where the homes are priced way beyond what you’re willing to spend. Conversely, you might be surprised by the type of neighbourhood you can afford. Find out.
Finally, the best way to find a home in the neighbourhood of your dreams is to get expert help. If you’re looking for that, call today.
What to Do When Closing Dates Don’t Match
If you want to sell your current property and purchase your next dream home, you might be wondering whether the closing dates need to be on the same day.
You might even be worried that you’ll lose a property if the closing dates overlap, or you’ll be put out on the street if the dates are far apart!
For the most part, these concerns are unfounded. Thousands of properties change hands every day and usually everything works out just fine. In fact, it’s amazing how often closing dates actually do match!
But, what happens if the closing date of the home you want to buy is days or weeks earlier than the closing date of your own property?
Most lenders anticipate this situation and offer something called “Bridge Financing.” It is a special loan that allows you to purchase the property with the earlier closing date. When your current property closes, the bridge financing ends and your new mortgage – if you need one – begins on the new home.
Alternatively, if the home you want has a later closing date, we will work together to explore options, such as a short-term rental.
Make a “Great Things” List
What’s great about your home? Is it the spacious foyer and generous main floor closet space? Is it the beautiful washroom? Is it the playground that is only a short walking distance away?
Although some properties may look similar at first glance, every home is unique – with features and characteristics that make it special. If you’re considering putting your home on the market, make a list of all the great things about your property that potential buyers will want to know.
Start by thinking about the most desirable features of your home. Write down what you really love about the house and the surrounding area.
Next, think about what comments friends and other visitors to your home have made. Have you ever heard anyone say something like, “I really love your kitchen!” or, “This is such a quiet street”? Those are indications that potential buyers will like those features and characteristics too.
Once you have your list, let’s talk. Together, we’ll review all the great things about your home and area, and decide how to market them effectively.
Notable, Quotable, Quotes!
“The question isn’t who is going to let me; it’s who is going to stop me.”
“A dream becomes a goal when action is taken toward its achievement.”
“It matters not what someone is born, but what they grow to be.”