Mortgage Preapproval | Trinity Real Estate Consultants Blog

Monday, March 13, 2023   /   by Matthew Daniel Tamburello

HomeSellers & HomeBuyers: How To Prepare For A Real Estate Market Correction!

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
As a client, you'll want a trusted resource for your real estate needs and goals. You want to have the insights and experience required to navigate changes in the market and better understand the ups and downs that naturally arise in the real estate sector.
Real estate agents - quality ones anyway - understand that a market cannot perform well perpetually. A natural rise and fall in prices always occurs. When you start to see signs of a market correction, you want to know how to prepare so you can make the best real estate decisions for your individual goals.
What is a “real estate market correction”?
A real estate market correction can generally be referenced when the value of homes falls 10–15% below the market average. When the value of homes starts shifting like this, it can cause changes in how buyers and sellers look at the market and how they. ...

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Tuesday, March 7, 2023   /   by Matthew Daniel Tamburello

HomeSellers & HomeBuyers: The 2022 & 2023 Real Estate Market!

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
The 2022 & 2023 Real Estate Market has certainly been an interesting one to say the least!
With opportunities all around us, I thought to prudently address a question regularly and rightfully asked: Is it a good time to buy with increased interest rates?
Good question so let's dig in for clarity...
What is the difference between a Home valued at $550,000 in a low interest rate market (2%) selling for $750,000 (because low interest rate markets breed competition and paying over asking) and a Home valued at $750,000 in a high interest rate market (5%) selling for $550,000 (because high interest rate markets suppress competition and paying over asking)?
Here’s what that looks like:
Purchase Price

$750,000

Down Payment

$25,000 (5% up to $500,000)
$25,000 (10% on the remaining balance of $250,000)
= $50,000

Mortgage

$700,000 (purchase price mi! ...

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Trinity Real Estate Consultants
Matthew Daniel Tamburello
Team Leader & Broker/Owner
Right at Home Realty, Brokerage

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