BUYING OR SELLING ? EXPERT TIPS AND ADIVCE TO HELP YOU NAVIGATE THE REAL ESTATE MARKET !
TIMING THE MARKET
You ’ ve probably heard the old saying : “ Buy low and sell high .” But when it comes to real estate , that ’ s easier said than done . Delaying your home sale until prices are at their peak may sound like a great idea . But sellers should keep these factors in mind :
1 , Predicting the market with certainty is nearly impossible .
2 . If you wait to buy your next home , its price could increase as well . This may erode any additional proceeds from your sale .
3 . If mortgage rates are rising , your pool of potential buyers could shrink — and you will have to pay more to finance your next purchase .
Instead of trying to time the market , choose your ideal sales timeline instead . This may be based on factors like your personal financial situation , shifting family dynamics , or the seasonal patterns in your particular neighborhood . A realtor can help you figure out the best time to sell given your individual circumstances .
BLVD . Realty Group , www . blvdrealtygroup . ca
YOUR DOWN PAYMENT
As a general rule of thumb , money invested in an RRSP cannot be withdrawn before retirement without penalties but there is one exception that can be a lifesaver for first time home buyers !
Under the Home Buyer ’ s Plan ( HBP ), Canadians can withdraw up to $ 35,000 per person or $ 70,000 per couple to use towards a down payment without incurring penalties . For those who qualify , this money can be used towards a down payment on a home or new build , and must be repaid within 15 years .
Thinking about purchasing your first home ? A mortgage broker can help you navigate the options available and ensure you get the best possible mortgage for your situation !
New Haven Mortgage Corporation , www . newhavenmortgage . com
LANDSCAPING FOR VALUE
Some landscaping projects can boost resale value as well !
Install a deck , patio or fire pit area to make an outdoor living space . Not only will you love your new outdoor space , potential buyers will be attracted to it too if you ever decide to sell your home .
Maintain mature trees or plant some new ones . Mature trees can boost a property ’ s value from $ 1,100 to $ 10,000 . If you don ’ t have any trees , this season is a great time to plant a few in your yard .
Keep your lawn healthy , green and lush .
A poorly kept lawn decreases your curb appeal . Consider hiring professional maintenance services to handle watering , fertilizing , seeding and proper spring and fall clean-up
Seasonal floral displays can elevate property appeal and value . Colorful blooms add visual interest and warmth .
Proper grading safeguards your investment and improves outdoor space functionality . Addressing grading issues is crucial to prevent water damage , erosion , and foundation problems , which can depreciate property worth .
Lawn ' N ' Order , www . lawnnorder . ca
HYBRID STAGING
Thanks to the growing availability of AI services , virtual staging has become a popular new service in the home staging industry . Unfortunately , while virtual staging offers fantastic photos for your listings , it does very little to wow the buyer when they step foot inside the home in person .
Home Magic Touch now offers the perfect solution with Canada ’ s first ever Hybrid Staging program . With Hybrid Staging , key areas of the home are traditionally staged to ensure a great first impression and then virtual staging is used for other spaces , saving the seller money while ensuring beautiful photos for their listings .
Home Magic Touch , www . homemagictouch . com