Homebuyers today are facing a huge dilemma. There simply aren’t enough homes for sale.1
Nationwide, the number of newly listed homes dipped slightly in September, down 1.6% from August. According to the Canadian Real Estate Association, that’s only about 2.1 months of inventory, which is far less than the five to six months that is generally needed to strike a healthy balance between supply and demand.2
Given the limited number of available properties, if you’re a buyer in today...
Selling your home when you still need to shop for a new one can feel daunting to even the most seasoned homeowner – and especially when the demand for new homes keeps rising, but the supply feels like it's dwindling.¹ If you're already feeling drained by the complex logistics of trying to sell and buy a new home all at once, you're not alone.
Searching for a new home can be exciting, but many homebuyers admit that it can also be stressful, especially if you live in an unpredictable market...
Move-up vs. second home: the pandemic has changed the way many of us live, work, and attend school—and those changes have impacted our priorities when it comes to choosing a home.
According to a recent survey by The Harris Poll, 75% of respondents who have begun working remotely would like to continue doing so—and 66% would consider moving if they no longer had to commute as often. Some of the top reasons were to gain a dedicated office space (31%), a larger home (30%), and more rooms...
So, you signed and accepted a Purchase Contract and you’re off to celebrate! Not so fast, my friend – your sale isn’t final until the last condition is waived. Here are six reasons why real estate sales fall apart:
#1 Mortgage Approval Problems
Even buyers who take the time to get pre-approved can be declined for a mortgage. Some “pre-approvals” are just loosely calculated pre-qualifications. The lender hasn’t verified the buyer’s income or confirmed that...
Whether you’re a first timer or an experienced homeowner, a home buyer checklist can help you get organized. Get ready so that when you find “the one”, you’re ready to make an offer!
- Prepare a budget. Get a clear picture of your family’s finances before you hire an agent or apply for a mortgage. List all your monthly fixed expenses, such as car payments, current rent or mortgage, utilities, school tuition, and loan payments. Add categories for other expenses such as food...
If you’re thinking about buying a home, you’ve probably received your share of advice from family and friends. Add to that the constant stream of TV shows, news segments, and social media posts that over-simplify the home buying process for easy entertainment.
With so much information to sift through, it can be tough to distinguish fact from fiction. That’s why we’re revealing the truth behind some of the most common home buyer myths and misconceptions.
Buying a home is a big...
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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
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