Tips | SearchHomesinGTA.com Blog

Monday, June 5, 2023 / by Matthew Tamburello

HomeBuyers & Investors: How to Buy a Vacation Home or Cottage in Ontario!

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
Purchasing a vacation home or cottage in Ontario can be a great investment for those looking to get away from the traffic, hustle, and bustle in Toronto and the Greater Toronto Area. Purchasing a vacation home or cottage in Ontario could be a great investment given the growth in the real estate market in certain areas such as Prince Edward County. With the recent increase in home prices and the real estate market in places like Prince Edward County means that if you can buy now you might be able to see a return on your investment whenever the time comes to sell your home and see how your investment appreciates over time as more people are looking to escape the city. While the increase in home prices and real estate in the Greater Toronto Area, and stories about intense bidding wars and houses being sold for thousands of dollars above the original asking price means that. ...

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Monday, May 15, 2023 / by Matthew Tamburello

HomeBuyers & Investors: Top 5 Reasons to Buy Pre-Construction!

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
In this ever-changing real estate market, investing in a pre-construction condo still remains a lucrative long-term opportunity. When you look beyond the quick wins of flipping property, holding the property for the long haul and having a tenant pay off your mortgage can create passive income for you well into your retirement years. Or, if you are a first-time buyer and are hesitant to get into the market now with interest rates on the rise, buying now to move in 3-5 years from now when mortgage rates normalize is also a great option.
Here are the top 5 reasons to invest in pre-construction properties:
1) Pass the current market cycle: With inflation at an all time high in Canada, the Bank of Canada has elected to increase interest rates to help control the rising rate of inflation. This has driven home prices down between 20-30% in some markets as buyers’ affor. ...

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Tuesday, March 7, 2023 / by Matthew 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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Monday, January 23, 2023 / by Matthew Tamburello

Empty Nester: How to Sell the Place You Call Home!

Courtesy of:
Matthew Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
"The last thing you need are unbudgeted financial obligations cropping up hours before you take possession of your new home."
Are you an Empty Nester who needs a home for the future? Is it time to downsize or to move into another home more suitable for your glorious retirement years?
Like thousands of home sellers, you may discover that after years of non-stop child traffic in and out of your doors, toys on the floor, music floating throughout, you can suddenly hear a pin drop over the quiet hum of the refrigerator. Your rooms are filled with pictures and memories of this wonderful time in your life, but there are many empty rooms gathering dust now that your children have moved on. The freer years ahead are exciting ones to look forward to, and it may be time for you to move as well.
If you find yourself in this situation, you're in vast and good company. What this means i. ...

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Monday, January 16, 2023 / by Matthew Tamburello

Renters: Don’t Pay Another Cent in Rent To Your Landlord!

Courtesy of:
Matthew Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
"If you're like most renters, you feel trapped within the walls of a house or apartment that doesn't feel like yours."
It's a dream we all have - to own our own home and stop paying rent. But if you're like most renters, you feel trapped within the walls of a house or apartment that doesn't feel like yours. How could it when you're not even permitted to bang in a nail or two without a hassle. You feel like you're stuck in the renter's rut with no way of rising up out of it and owning your own home.
Don't Feel Trapped Anymore
It doesn't matter how long you've been renting, or how insurmountable your financial situation may seem. The truth is, there are some little known facts that can help you get over the hump, and transfer your status from renter to homeowner. With this information, you will begin to see how you really can:
• save for a down payment
• stop lin. ...

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Tips | SearchHomesinGTA.com Blog

HomeBuyers & Investors: How to Buy a Vacation Home or Cottage in Ontario!

HomeBuyers & Investors: Top 5 Reasons to Buy Pre-Construction!

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

Empty Nester: How to Sell the Place You Call Home!

Renters: Don’t Pay Another Cent in Rent To Your Landlord!

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Tips | SearchHomesinGTA.com Blog

HomeBuyers & Investors: How to Buy a Vacation Home or Cottage in Ontario!

HomeBuyers & Investors: Top 5 Reasons to Buy Pre-Construction!

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

Empty Nester: How to Sell the Place You Call Home!

Renters: Don’t Pay Another Cent in Rent To Your Landlord!

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