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Impactful Real Estate News Blog

Friday, April 12, 2024   /   by Ameil Gill

WHAT IS A WALK & TALK INSPECTION

WHAT IS A WALK & TALK INSPECTION

In today’s competitive market, an increasing number of buyers are opting to waive inspection contingencies to make their offers more attractive… but that doesn’t mean you need to go into one of the largest purchases of your life without an understanding of the property’s condition.

While I always advise my clients to opt for a home inspection, a “walk-and-talk inspection” can be a solid middle ground if we’re in a multiple-offer situation. This condensed inspection offers insights from a professional inspector, empowering you to submit a competitive offer while remaining informed about any potential concerns or red flags.

Here are the benefits:


It focuses on the “big” issues that represent the bulk of buyers’ concerns — structural problems and major system issues, including faulty wiring and failing roofs, etc.



It enables the buyer to assess the property’s ! ...

Tuesday, April 2, 2024   /   by Ameil Gill

THINKING ABOUT DOWNSIZING?

THINKING ABOUT DOWNSIZING?

For most people, downsizing isn’t just about moving to a smaller home; it’s about improving overall quality of life.

There’s a lot to consider when downsizing — or, as I like to call it, “rightsizing”. If you’ve been tossing around the idea of finding a smaller, more manageable home, here are a few reasons why it might be time to consider making a change:


There’s too much upkeep- Tired of cleaning unused rooms or keeping up with the exterior weeding, mulching, and mowing every year?



You want financial freedom-A smaller home is usually less expensive to maintain, not to mention you won’t be paying utilities on unused space! Less money spent on repairs, maintenance, and utility bills = more money to spend on everything else! 



You have unused space- Your home has rooms that sit unused, such as extra bedrooms or even an entire basement. 



Health considera! ...

Thursday, March 28, 2024   /   by Ameil Gill

NO ONE WANTS TO SELL… HERE’S WHY

NO ONE WANTS TO SELL… HERE’S WHY
Did you know that the average homeowner has nearly $200,000 in equity? This is largely due to the rapid appreciation we’ve seen over the past few years… and even though many homeowners acknowledge that the market is currently stacked solidly in their favor, most aren’t interested in selling.
Why? With historically low-interest rates locked in, homeowners are reluctant to give up their advantageous financing terms.
If you can relate, I get it — who wants to trade in a 3% interest rate for something double that (or higher)? HOWEVER, here’s something to consider… that mountain of home equity you have (which you otherwise would not have in a more typical market) can help offset the higher rate you’d be trading in for.
So if you’ve been thinking about making a move, consider reaching out to an agent (that’s me!) to discuss whether or not a move makes sense financially. You might be! ...

Monday, March 11, 2024   /   by Ameil Gill

HOW TO BUY A HOME IN TODAY’S MARKET WITHOUT FEELING OVERWHELMED

HOW TO BUY A HOME IN TODAY’S MARKET WITHOUT FEELING OVERWHELMED

I get it — buying a home can be a little stressful and, at times, overwhelming, especially in today’s fast-paced market. But fear not… I’m here to assure you that with the right mindset and preparation, purchasing a home can be an exciting and relatively stress-free experience!

Here’s how to prepare:

1.DETERMINE A BUDGET

Determine how much you can afford to pay towards a monthly mortgage by putting together a budget that includes your monthly income, all recurring debts, and future expenses such as estimated utilities, trash/recycling, maintenance, and more.

2.DEFINE YOUR PRIORITIES

Create a list of the non-negotiables you would like in a home, as well as any “nice to haves.” In a market with low inventory, it’s best to stay open-minded. Focus on your “must haves” and the things you cannot change, such as location and yard size.

3.! ...

Wednesday, March 6, 2024   /   by Ameil Gill

MY SUCCESSFUL PRICING STRATEGY

MY SUCCESSFUL PRICING STRATEGY
Regardless of the market conditions, pricing your home correctly from the beginning is the single most important factor if you want to sell quickly and for the highest price.
This is my *proven* pricing strategy and how I help my sellers maximize their profits by positioning their homes competitively:
1.First, I meticulously review homes that have recently sold with features and characteristics similar to yours (commonly referred to as “comps”). This involves comparing various factors such as size, location, age, and condition.
I also take into consideration the number of days each home was on the market and the final sale prices in relation to their initial list prices.
2.Now to the pricing… Price at or slightly below market value.
If your goal is to maximize your profit, you will want to appeal to the most buyers possible. This means we need to aim for the sweet spot – not too high, not too low, but on the low end of ! ...
REMAX Realty One Inc. - The Gill Team
Ameil Gill
50 Burnhamthorpe Road West Sussex Centre Ste #102
Mississauga, ON L5B 3C2
416-884-1359

Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®. Copyright 2024 Last Updated April 15, 2024
Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®. Copyright 2024 Last Updated April 15, 2024
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