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Impactful Real Estate News Blog

Tuesday, June 6, 2023   /   by Ameil Gill

SHOULD YOU SELL FSBO?

SHOULD YOU SELL FSBO?

Many people think they can save money and sell their house easily on their own to save on commission costs. All you have to do is list your home on Zillow and people will contact you, see your house, and you’ll find a buyer. Sounds simple, right?

WRONG. Selling a home involves many complexities, and it may come as a surprise that opting for a private sale often results in higher costs than the commission saved.

Did you know? Agents sell homes for around 26% MORE on average than those who sell for sale by owner — completely covering those agent commissions that so many sellers try to avoid.

When it comes to the sale of your largest asset, hiring a professional is essential. So if you’ve been considering sticking a sign in the yard and selling your home on your own, here are a few factors that you should consider first. 


Are you proficient in the legalities of the agreement of sale?



Do you have the budget for photograph; ...

Thursday, June 1, 2023   /   by Ameil Gill

SELLERS: DON’T LEAVE MONEY ON THE TABLE.

SELLERS: DON’T LEAVE MONEY ON THE TABLE.
If you’re like most sellers, your hope is to sell your home for the highest possible price… because who wants to leave money on the table?
Pricing your home correctly is the single most important factor to consider when you’re selling your home, and in this market, the worst thing that you can do is price your home too high and run the risk of deterring buyers.
There’s nothing wrong with listing your home on the high side of market value, however, overpricing your home so that there is “room to negotiate” or to “just see what happens” can backfire badly.
Why?
 The more you overprice your home, the fewer buyers will come to see it. Today’s buyers are educated and have all the data in their hands with the internet. They know what comparable homes are selling for and if a home is overpriced.
 Very few buyers will even make an offer on an overpriced home — they will w. ...

Tuesday, May 30, 2023   /   by Ameil Gill

THE REAL FACTS ABOUT WHAT’S GOING ON IN THE HOUSING MARKET.

THE REAL FACTS ABOUT WHAT’S GOING ON IN THE HOUSING MARKET.
Unless you’re living under a rock, I’m sure you’ve seen the headlines recently… “Abrupt Slowdown”, “Will Housing Prices Drop?”, “Big Bank Turmoil”, and more. So I’m here to help shed some light on what is ACTUALLY happening in the housing market.
Despite what the big news outlets say, we are not headed towards another ’08 housing market “crash”. This is mainly due to the lack of inventory, high buyer demand, and the fact that most homeowners are sitting on a lot of equity — and that equity acts as a cushion for homeowners, lowering the chances of distressed sales like foreclosures and short sales. Is the market shifting? Yes, the housing market is ever-changing, which is why it’s important to work with an agent who stays up-to-date on market trends and changes, whether you’re looking to buy or sell.
There have been a! ...

Monday, May 29, 2023   /   by Ameil Gill

TIPS TO MAXIMIZE YOUR PROFITS THIS SPRING.

TIPS TO MAXIMIZE YOUR PROFITS THIS SPRING.
Over the last few years, almost every market in the country has been in a hot seller’s market, but the days of simply throwing a sign in the yard and seeing multiple, above-asking price offers are slowly coming to an end.
So if you’re thinking of selling this year, it’s essential to prepare your home for the market, price it correctly from the start, and have a knowledgeable and experienced agent by your side to ensure your home sells quickly, and for top dollar.
1. PREP YOUR HOME TO SELL!
This includes decluttering, deep cleaning, and completing small repairs to make your home look its best to potential buyers.
2. HAVE A PRE-LIST HOME INSPECTION DONE
Having an inspection done before you list, gives you time to make repairs, and allows prospective buyers to see a full report of all issues with the home, providing them with peace of mind and confidence in their investment. In return, this allows the potential f. ...

Thursday, May 18, 2023   /   by Ameil Gill

HOW TO KNOW WHAT TO OFFER WHEN BUYING A HOME.

HOW TO KNOW WHAT TO OFFER WHEN BUYING A HOME.

So you’ve found “the one” and now it’s time to put together an offer. Here are some things to think about and talk to your agent about before you hit SUBMIT.

? What have similar homes in the area or neighborhood sold for recently? Is the asking price in line with the rest of the neighborhood?

? How long has the home been on the market? If it’s 1 day and there have been multiple offers, you probably need to offer above asking. But if it’s been a few weeks, you have more negotiating power.

? Are there any other offers on the table? Multiple offers change everything (keep reading for some tips).

? At what price would you feel as though you “overpaid” for the home? Don’t get caught up in the game of winning the house, make sure you are making decisions based on your needs so that you avoid buyer’s remorse.

? What is the market like in the area? Is it a hot seller&rsqu. ...
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 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®.
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 2023 Last Updated June 7, 2023
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