Great Time to Consider Selling
In all the years we have been in business, we have known July as a generally slower month. Over the years, we have noticed that traditionally in July many people take vacations and staycations to enjoy the normally sunshiny days of summer. Not so much this year. With interest rates low and buyers still out looking, it’s more and more common to find multiple offers on homes of all shapes, sizes and prices. This has helped keep prices that increased over the Spring up and even increase prices further in some cases. While it is still a great time to buy with interest rates at an all time low, it is ideal for sellers now. As some wait for the kids to get back to school, listing inventory is quite low making this summer a great time to get the house on the market with little competition. Houses also show their best in the summer months with gardens in full bloom and with all the rain we’ve had, many of our lawns are rich green in colour.
At the Leslie Benczik team, we offer many services to help both sellers and buyers make positive, informed decisions. We offer no obligation, free initial consultations to both sellers and buyers to help you determine the best course of action for yourself and your family. When you are ready to talk to someone who can help you with your real estate needs or wants, please contact us. We are happy to help.
Wishing you a happy and healthy summer!
Rachel O'Hearn, Salesperson
The Leslie Benczik Team
Re/Max All-Stars Realty Inc.
905.477.7766
Thursday, July 30, 2009
Sunday, July 26, 2009
LIST NOW!
What a great time to list your home for sale.
Recent sales in the Markham area showed that
we are in a very strong sellers market. So how
do you make it work for you?
Get the most exposure possible for your home.
We at the Leslie Benczik team, market your home
thru professional photography, virtual tours, website and
weekly newspaper advertising.
If you have a home to sell ask us how to make sure
your getting the most money possible.
Rosemary
Friday, July 17, 2009
Investment Property - Why Now??
When was the last time you remember prime interest rate at 2.5%??? For those who are asking why, I have many reasons. For those who are asking when, I say, RIGHT NOW!
PROPERTY buyers . . . On your mark, get set, go… The race is on for residential investment properties and you must take action before the competition gets too hot. Both investors and owner occupiers are still holding back because of uncertainty about the economy and job security. This is only making prices and choices even better for those people with funds to buy.
The window, however, could be about to shut… For many investors, record low interest rates and high rents means their new rental properties will be profitable from day one.
The Toronto Real Estate Board is reporting that sales in the GTA have increased in May 2009 compared to last year, however, prices are still within reach. We have experienced a vibrant market that was affected by low inventory and hungry buyers that finally realized that the world is not coming to an end and properties are still selling. With the comeback of ‘multiple offers’ the market has started to show some signs of life and prices have stabilized.
Often buyers behave like hunters and wait until there is ‘blood on the streets’ before buying and that exactly what makes real estate so interesting. Buyers think that if they wait a little longer then prices would be lower. For those I have an exercise. STOP READING right now and take a pen and a piece of paper. Draw a line down from the top left corner to the right in a 45 degree angle. Imagine that this is the market. Can you tell me where the bottom is as long as you keep drawing down? Probably not. Now, start going up to the right. Can you see it now? My point is, predicting the bottom of the market is almost impossible. You have to focus on market conditions and make an informed decision. If you have seen the bottom, you probably missed it. There are many opportunities out there including many distress sales and motivated sellers.
History shows that buying and holding real estate long term is one of the safest forms of investment that grows your money and for some people force saving.
So, what are you waiting for?? Get out there, pick up the phone and call one of your trusted representatives at the Leslie Benczik Team 905-477-7766 or Toll Free 1-888-762-7081!
Alon Hillel
Sales Representative
PROPERTY buyers . . . On your mark, get set, go… The race is on for residential investment properties and you must take action before the competition gets too hot. Both investors and owner occupiers are still holding back because of uncertainty about the economy and job security. This is only making prices and choices even better for those people with funds to buy.
The window, however, could be about to shut… For many investors, record low interest rates and high rents means their new rental properties will be profitable from day one.
The Toronto Real Estate Board is reporting that sales in the GTA have increased in May 2009 compared to last year, however, prices are still within reach. We have experienced a vibrant market that was affected by low inventory and hungry buyers that finally realized that the world is not coming to an end and properties are still selling. With the comeback of ‘multiple offers’ the market has started to show some signs of life and prices have stabilized.
Often buyers behave like hunters and wait until there is ‘blood on the streets’ before buying and that exactly what makes real estate so interesting. Buyers think that if they wait a little longer then prices would be lower. For those I have an exercise. STOP READING right now and take a pen and a piece of paper. Draw a line down from the top left corner to the right in a 45 degree angle. Imagine that this is the market. Can you tell me where the bottom is as long as you keep drawing down? Probably not. Now, start going up to the right. Can you see it now? My point is, predicting the bottom of the market is almost impossible. You have to focus on market conditions and make an informed decision. If you have seen the bottom, you probably missed it. There are many opportunities out there including many distress sales and motivated sellers.
History shows that buying and holding real estate long term is one of the safest forms of investment that grows your money and for some people force saving.
So, what are you waiting for?? Get out there, pick up the phone and call one of your trusted representatives at the Leslie Benczik Team 905-477-7766 or Toll Free 1-888-762-7081!
Alon Hillel
Sales Representative
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