Monday, October 7, 2019 / by Raymond Yu
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
Brian SOLD for 1.6% more than an average agent's. On a $1 million home, that's $16,000 more in your pocket!
Brian's SOLD in 14 days. Almost twice as fast as an average agent!
Brian SOLD 96% of homes he listed, where an average agent only sold 51% of their listings.
Brian has over 487 Buyers in his database looking for a home in the area!
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
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.
Hosted by Brian Khatambakhsh Real Estate Team
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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
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!
visit www.ReferToBrian.com or Call 647-848-2652