Monday, August 14, 2023 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
The Bank of Canada recently raised its target interest rate by 50 basis points, the sixth interest rate hike this year.
What do these rate hikes mean for homeowners? According to a recent report from the Manulife Bank of Canada, 25 percent of homeowners say they will need to sell their home if rates continue to rise. The same survey also found that about one-fifth of homeowners already find it challenging to afford their homes.
Without question, borrowers are going to be seriously affected by higher interest rates.
After more than a two-year whirlwind, sales activity has slowed down, prices are not reaching the heights they once did, and the unsustainable trends in the market over the last few years are diminishing.
So, does this mean that the housing market is on the cusp of a crash or a sharp correction?
Market analysts have present. ...
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Monday, January 30, 2023 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
"...selling a home on one's own can be challenging as many home sellers will attest to."
If you ask anyone who has ever tried to sell their home themselves they'll tell you that from the moment the "For Sale by Owner" sign goes up, the phone begins to ring. Unfortunately, many of those calls will not be from prospective buyers, but rather from real estate agents looking to obtain your listing. Obviously the idea of not having to pay a commission to a real estate agent is attractive to any home seller. But because of all the issues involved in the process, selling a home on one's own can be challenging as many home sellers will attest to.
The key is to be properly prepared. If you are not, your home could remain on the market longer than you expect because you are not attracting and getting offers from qualified buyers. This can be a point where many homeowners become frustra? ...
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Monday, January 2, 2023 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
"According to industry experts, there are at least 33 physical problems that will come under scrutiny during a home inspection when your home is for sale. Here are 11 you should know about if you're planning to put your home up for sale."
Homebuyers Want to Know Your Home Inside and Out While homebuyers are as individual as the homes they plan on purchasing, one thing they share is a desire to ensure that the home they will call their own is as good beneath the surface as it appears to be. Will the roof end up leaking? Is the wiring safe? What about the plumbing? These, and others, are the questions that the buyers looking at your home will seek professional help to answer.
According to industry experts, there are at least 33 physical problems that will come under scrutiny during a home inspection. We've identified the 11 most common of these and, if not identified and deal. ...
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