Toronto and Etobicoke Real Estate Home Sales for August 2018

Toronto and Etobicoke Real Estate

Looking for current information on Toronto and Etobicoke Real Estate Home Sales for August 2018? Here are the Toronto and Etobicoke Real Estate Homes Sales for August 2018.

GTA REALTORS® Release August Stats

Toronto Real Estate Board President Garry Bhaura announced sales and price increases on a year-over-year basis in August. Greater Toronto Area REALTORS® reported 6,839 sales through TREB’s MLS® System in August 2018 – an 8.5% increase compared to August 2017.

Both the average selling price, at $765,270, and the MLS® Home Price Index Composite Benchmark for August 2018 were up compared to the same month in 2017, by 4.7% and 1.5% respectively. The average selling price increased by more than the MLS® HPI Composite due, at least in part, to a change in the mix of sales compared to last year. Detached home sales were up by double digits on a year-over-year percentage basis – substantially more than many other less-expensive home types.

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How do you know when it’s time for new windows on your home?

Etobicoke Real EstatePhoto by Colin Maynard

One of the most prominent features of any home is the windows. If they are well maintained, they will have a positive impact on the impression potential buyers have of your property. Of course, the opposite occurs when your windows look old and worn.
So, does that mean you should replace your windows?

That depends on a number of factors. Window replacement can be an expensive renovation.

Here are a few things to consider before making your decision.

  1. Do you see water infiltration or mildew on the interior sides of any of the window sills? This means that moisture is creeping in from the outside, and you need to get those windows repaired or replaced as soon as possible.
  2. If your windows are double-paned – (two panes of glass) – check for any signs of moisture in between the glass panes. Moisture indicates that the thermal seal is broken and, at a minimum, the glass will need to be replaced.
  3. Take a look at your windows from the outside. Is the trim rotted or cracked anywhere? Are there dark spots or any signs of rotting on the wood frames? Repairs or replacement may be required.
  4. Check the operation of your windows. Do they open and close easily? Some windows, such as those in bedrooms, are often designed to be big enough to use as an exit in case of a fire. It’s important to make sure those work properly.
  5. Finally, are you happy with how your windows look? Do you feel that your property will look significantly better with new windows?

Although they are expensive, replacing windows can have a lot of advantages. Depending on the efficiency of your current windows, replacing them could cut your energy costs by 10-20%. In addition, new windows block out more exterior noise, making your home quieter.

Want more tips on increasing the value, and enjoyment, of your property? Call me today.

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What to do if you get a low offer on your home?

If you take care to price your home correctly – that is, at a price that is in line with what similar properties in the area have sold for recently – then you have a good chance of selling it at or near your asking price.

That doesn’t mean you won’t get a low-ball offer. You might. So, what do you do when that happens?

First, understand that the buyer may not necessarily be trying to steal away your home at a bargain-basement price. He might simply be mistaken about its true market value. Of course, he might also be coming in at a low price in the hopes he’ll get lucky.

You will never actually know the buyer’s motives. So, it would be a mistake to get angry or dismiss the offer out-of-hand. That low-ball offer might end up being the beginning of a negotiation that results in the sale of your home at a good price.

Your first step is to work with me to determine:

  1. Whether the buyer is serious.
  2. Whether the buyer is qualified. (For example, does he or she have a pre-approved mortgage?)
  3. How amenable the buyer is to a counter-offer that reflects the true market value of your home.
  4. What that counter-offer should be.

This isn’t an easy process. It takes the knowledge and experience of a professional real estate broker like myself to get it right. Let me walk you through the process when it is time to sell your home.

Please get in touch with me if you are thinking about selling your home in the near future OR if you are just curious to know what your home is worth in today’s market!

 

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New Toronto Neighbourhood and Real Estate Sales

New Toronto Neighbourhood

 

New Toronto Neighbourhood and Real Estate Sales

Talk about a neighbourhood that has changed! Beginning as farming country in the 19th century, then a thriving industrial corridor, then a practically abandoned industrial corridor, New Toronto is one of the hot spots for young professionals looking for a small-town environment, a vital waterfront and a charm all its own.

Here are just a few highlights of this neighbourhood:

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Which home improvement projects give the greatest return on investment?

Which home improvement projects give the greatest return on investment?

Royal LePage has just released IMPACT: Home improvement ROI. The 2018 release includes expected home price gains on popular renovation projects as well as insight into seller trends. 

Selling Your Etobicoke Home

Key highlights from the release include:

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1860 Silverberry Crescent For Sale in Clarkson Mississauga

First Time Buyer’s Dream! Bright Open Floor Plan with Hardwood Floors, Newly Renovated Kitchen with Granite Counter, Stainless Steel Appliances and Walk-Out to Backyard, New Broadloom Thruout, Fabulous Finished Basement includes Wet Bar, Recroom, Play Room, 2 Piece Bath and Laundry. Bonus Crawl Space For Extra Storage! Fully Fenced Backyard Oasis with Garden Shed. Many Upgrades Thru the Years Include Furnace and AC(2010), Roof (2011), Updated Windows & New Laminate in Recroom
Wonderful Family Friendly Neighbourhood Close to Schools, Parks, Lake, Hwys, Go Train, Shopping.

Include: Ss Fridge, Stove, B/I Dw, Microwave, Washer & Dryer, All Window Coverings, All Light Fixtures, Bar Fridge And Chest Freezer In Bsmt

Hot Water Tank is a Rental

 

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Create an Easy Care Garden to Add Curb Appeal to Your Etobicoke Home

Etobicoke Real Estate

Photo by Irene Dávila on Unsplash

A well-tended garden or an array of planters on a porch or balcony will add curb appeal to your Etobicoke home. Create a garden designed for optimal enjoyment and minimal maintenance with these tips:

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Summer is a wonderful time to sell your Etobicoke home

Here we are in the midst of our summertime market! Did you know summertime is a wonderful time to market and sell your Etobicoke home?

Many families love to buy during this season so they can make the move at the end of the summer, before the new school year. Staging a home during this season is also very easy. Most buyers drive by a home BEFORE deciding whether or not it’s worth seeing on the inside. Make a stellar first impression with a lush green lawn and fresh flowers for great curb appeal.

SellingYourHomeinEtobicoke

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Toronto and Etobicoke Real Estate Home Sales for July 2018

Toronto and Etobicoke Real Estate Homes Sales for September 2017
Looking for current information on Toronto and Etobicoke Real Estate Home Sales for July 2018? Here are the Toronto and Etobicoke Real Estate Homes Sales for July 2018.

GTA REALTORS® Release July Stats

Toronto Real Estate Board President Garry Bhaura announced strong growth in the number of home sales and the average selling price reported by Greater Toronto Area REALTORS® in July 2018.

“Home sales result in substantial spin-off benefits to the economy, so the positive results over the last two months are encouraging. However, no one will argue that housing supply remains an issue. The new provincial government and candidates for the upcoming municipal elections need to concentrate on policies focused on enhancing the supply of housing and reducing the upfront tax burden represented by land transfer taxes, province-wide and additionally in the City of Toronto,” said Mr. Bhaura.

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Are you on the fence about selling your Etobicoke home?

Etobicoke Homes For SaleHave you been on the fence about whether to sell your Etobicoke home right now?

Interest rates are still at historical lows? Still lots of excitement and buzz about real estate? Are sellers still getting more than asking prices for their homes? Is spring the best time to get the highest return on your investment?

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