Buyers! Where are you!
The market is finally showing improvement. However, I still can't put my finger on it.
Renters, First Time home buyers and Up-sizers have a chance to get the home they want or the start they need.
Prices are still competative, S.E. Oakville has shown great value in properties, W15, W16, W20 has many opportunities waiting. For those that do not have a Down Payment, options are still available and the rates are great. We should be having line ups to buy properties, yet they are still hesitant. You are able to borrow more money for less. Move up for the same mortgage payment. $1500/mo rental...hmm sounds like a mortgage payment - why pay the landlords mortgage? Pay your own!
If you are working with a qualified full time Realtor, they should be qable to 'SHOW you the MONEY'. I have a young family I am dealing with. the husband is having trouble letting go of the current selling price to see the benefit of the NEW purchase price. by taking a loss (he's not) on the sale of the house, he will be able to (in this case) up-size to a home that his family can grow into, his wife will be thrilled and it won't cost him much more! In fact the maintenance fee he is paying now will more than cover any extra cost of the purchase...and yet...he won't let it go.
In my opinion this is a mistake! The time is now. Buyers, wake up and smell the market. You need to make your move NOW!
CallPaul for more details on how to make your move NOW!
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