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Monthly Newsletter - October 2019

Monday, October 7, 2019   /   by Raymond Yu

Monthly Newsletter - October 2019



Real Estate News Affecting Your Home's Value
  • What You Should Know About the Fall Real Estate Market
  • 7 Costly Mistakes Homesellers Make When Selling Their Homes
  • Free Community Appreciation Events
  • 3 Ways to Buy a Home for Less Money
  • What Are You Grateful for This Thanksgiving?
  • Real Estate Market Stats
  • Are You Self-Employed and Your Bank Declined Your Mortgage?
  • Your Referrals Help Change Lives!


4 BIG REASONS to Sell Your Home with Brian

SELL FOR MORE MONEY
Brian SOLD for 1.6% more than an average agent's. On a $1 million home, that's $16,000 more in your pocket!
SELL 2x FASTER
Brian's SOLD in 14 days. Almost twice as fast as an average agent!
MORE LIKELY TO SELL
Brian SOLD 96% of homes he listed, where an average agent only sold 51% of their listings.
BRIAN HAS BUYERS IN WAITING
Brian has over 487 Buyers in his database looking for a home in the area!


What You Should Know about the Fall Real Estate Market
The decision on whether to buy or sell a home this year will be mired in more than the typical uncertainties that come with a transaction of this magnitude. Housing affordability, interest rates and the mortgage stress test were big newsmakers, and will continue to make headlines for another few weeks until the federal election on Oct 21st.

So, what can consumers expect from fall real estate? Canadian homebuyers seem to be getting used to the new mortgage rules, and there have been some important changes at the federal level that are expected to impact homebuyers and in turn, home sellers:

1) The mortgage stress test qualification was recently lowered from %5.34 to %5.19, increasing purchasing power
2)The First Time Home Buyer Incentive (FTHBI) took effect on Sept 2nd, whereby eligible first-timers can get a shared-equity government loan to help with the down payment
3) The Home Buyers’ Plan (HBP) withdrawal limit was increased from $25,000 to $35,000, toward the purchase of a first home
4) Rumours of interest rate drops are circulating
For home sellers, the yet-favourable weather draws crowds to open houses, and many homebuyers experience FOMO (fear of missing out) at the prospect that their days are numbered before the typical winter lull in listings. This often results in increased activity.

However, remember that all housing markets are local, and it’s more important than ever to tap into the ground-level expertise of a professional real estate agent, who can best advise you on market trends, and counsel you on the timing of the transaction, and the price.


7 COSTLY MISTAKES

Homesellers Make When Selling Their Homes
A new report has just been released which reveals 7 costly mistakes that some homeowners make when selling their homes, and a 9 Step System that can help you sell your home fast and for the most amount of money. This industry report shows clearly how the traditional ways of selling homes have become increasingly less and less effective in today’s market. The fact of the matter is that fully three quarters of homesellers don’t get what they want for their homes and become disillusioned and - worse - financially disadvantaged when they put their homes on the market.
One of the  mistakes homesellers make is not preparing their homes for the buyer's eye. Appearance is critical, and it would be foolish to ignore this when selling your home. The look and feel of your home generates a greater emotional response than any other factor. Present your home to get a "WOW" response from prospective buyers.

Order this FREE Special Report to learn more! Call toll-free 1-855-245-9087 and enter ID 4000 (available 24/7). You can also call our office direct at 647-848-2652.
3 WAYS TO BUY A HOME FOR LESS MONEY
If you’re like most homebuyers, you have two primary expectations in mind when you start looking for home. First, you want to find the home that perfectly meets your needs and desires, and secondly, you want to purchase this home for the lowest possible price. When you analyze those successful home buyers who have been able to purchase the home they want for thousands of dollars below a seller’s asking price, some common denominators emerge.
Order this FREE Special Report to learn more! call toll-free 1-855-245-9087 and enter ID 4014 (available 24/7). You can also call our office direct at 647-848-2652
Oct Market Stats
ARE YOU SELF-EMPLOYED AND YOUR BANK DECLINED YOUR MORTGAGE?

When it comes to getting a mortgage, self-employed individuals have options other than traditional banks, these alternative lenders truly understand how a business operates and are much more flexible with business and personal income vs what a bank will consider. As lending guidelines getting tighter, more potential and current homeowners are turning to alternative lenders. Alternative lenders typically offer shorter terms at higher interest rates - normally their terms are between six months to two years. Compare to traditional banks, alternative lenders can offer faster funding with less paperwork and more flexibility.

Who should consider alternative lending?
Potential or current homeowners categorized as riskier profiles by banks such as self-employed individuals with not enough income declared personally, borrowers with bruised credit, contractual or short-term employment. Borrowers may also consider alternative loans for consolidating their debts in one monthly payment or to pay down revolving credit card balances with a lower interest rate. Mortgages are case by case and an assessment of each borrower's situation is required in order to best fit each individual's needs. There are several alternative lenders available in the market offering a variety of products and solutions. It is always important for borrowers to discuss their options and risks with the broker before getting themselves into an agreement.

To find out if this is the right soluation for you or to get a 2nd opinion, Call Greg at 647-638-6358

Need Answers to your Mortgage/Financing Questions? Call me today 647-638-6358

YOUR REFERRALS HELP CHANGE LIVES!

As you know, I love making Guarantees! Like my Buyer Satisfaction Guarantee: Love the home, or I'll buy it back! Or my Seller Guarantee: Your Home Sold or I'll Buy it! And I Guarantee that a portion of our income on every home sale WILL go toward helping our community! For the past couple of years, my team has partnered with The Dam Youth Drop-in Center in Mississauga (www.thedam.org) and have raised/donated over $6,700. This not-for-profit organization provides a safe, supportive place for local youth & through building relationships & mentorship help them stay on the right track, be successful & become contributing members of our society. Our goal this year is to reach $10,000 in donation amount!


In July 2019, we also decided to join the fight against hunger in partnership with The Mississauga Food Bank. Did you know that 15% of Mississauga residents visit food bank annually? That's over 100,000 people!
Mississauga Food Bank is operated mainly on donations and the need for donations are increasing every year as the cost of living is on the rise and every year there is an increase in the number of people relying on the food bank, especially children and seniors. Good news is that through partnership with several businesses they are able to provide food for two meals for every $1! Our goal this year is to help them provide 10,000 meals!


Rest assured your referrals will get the Award-Winning Services we are known for, and that a solid portion of the income we receive will go toward Changing Lives For Better!

Please Help us Reach & Exceed our donation goals by referring your friends, family, neighbours, or associates considering making a move
visit www.ReferToBrian.com or Call 647-848-2652

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