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Daily GTA Blaze: Hot Market Highlights!"Igniting Home Success: Informed Reports & Coveted New Listings!""Daily GTA Blaze: Hot Market Highlights" is your daily source for sizzling highlights in the Greater Toronto Area (GTA) real estate market. Every day, we bring you curated insights, trends, and key updates directly to your inbox, ensuring you stay informed about the hottest developments. Whether you're a prospective buyer, seller, investor, or real estate enthusiast, our daily highlights cover a wide range of topics, from market trends and investment opportunities to expert analysis and insider tips. Stay ahead of the curve and ignite your knowledge with "Daily GTA Blaze: Hot Market Highlights" as your trusted guide in navigating the dynamic GTA real estate landscape. Common misconceptions and myths surrounding FSBO (For Sale By Owner) transactions often stem from a lack of understanding or misinformation. Here are some of the most prevalent myths and how sellers can separate fact from fiction: Myth: FSBOs Save Sellers Money on Commission Fees: While it's true that sellers can avoid paying commission fees to real estate agents in FSBO transactions, they may still incur other costs, such as marketing expenses, legal fees, and time spent on the selling process. Sellers should carefully evaluate the potential savings against the additional responsibilities and costs involved in handling the sale themselves. Myth: FSBOs Are Easier and Faster Than Working with an Agent: Some sellers believe that FSBO transactions are quicker and less complicated than selling through a real estate agent. However, navigating the complexities of pricing, marketing, negotiating, and closing a sale without professional guidance can be challenging and time-consuming. Sellers should be prepared to invest significant time and effort into the FSBO process. Myth: FSBOs Only Attract Bargain-Hunting Buyers: Another misconception is that FSBO listings primarily attract bargain-hunting buyers looking for discounted properties. While some buyers may seek out FSBO listings in hopes of negotiating a lower price, many others are simply looking for a suitable home and are open to paying fair market value. Sellers should focus on accurately pricing their property and highlighting its unique features and value propositions to attract serious buyers. Myth: FSBOs Have Limited Exposure and Reach: Some sellers believe that FSBO listings have limited exposure and reach compared to properties listed with real estate agents. While it's true that FSBO listings may not benefit from the same marketing channels and networks as agent-listed properties, sellers can still leverage online listing platforms, social media, and word-of-mouth referrals to reach potential buyers. Additionally, FSBO sellers can consider hiring flat-fee MLS listing services to increase their property's visibility on multiple listing services. Myth: FSBOs Are Risky and Prone to Legal Issues: There's a misconception that FSBO transactions are inherently riskier and more prone to legal issues than agent-assisted sales. While it's essential for FSBO sellers to educate themselves about relevant real estate laws and regulations, many legal pitfalls can be avoided with proper preparation, documentation, and guidance from legal professionals. Sellers should also consider investing in title insurance and consulting with a real estate attorney to ensure a smooth and legally compliant transaction.
To separate fact from fiction in FSBO transactions, sellers should conduct thorough research, seek advice from real estate professionals, and approach the process with realistic expectations. By understanding the nuances of FSBO selling and taking proactive steps to mitigate risks, sellers can increase their chances of a successful and profitable transaction.
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A mortgage calculator empowers prospective and current homeowners to better understand their mortgage obligations.
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At a time when mortgage rates are hovering between five and six per cent and home prices remain above their pre-pandemic levels, discussions surrounding th
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Debt-crazed Canadians may not be borrowing to buy a home, but they are borrowing—a lot. Bank of Canada (BoC) data reveals outstanding mortgage credit made a small climb in December, at an unusually slow pace. Mortgage debt is now growing at the slowest rate in over two decades, with home prices now firmly placed out […]
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The City of Toronto charges the owners of vacant residential properties a Vacant Home Tax of three per cent of its assessed value annually
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Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Housing Supply Targets Don’t Make Sense, “Will Never Be Hit”: BMO Canadian new housing starts are robust but will never hit “dreamt up” targets from policymakers. That was the take from BMO, one of the country’s largest banks, which points to […]
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Average rent for a vacant one-bedroom unit in Hamilton was $1,795 last month — a decrease of more than $73 from last January when the same kind of unit cost an average of $1,868.
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The rental housing market in Ontario has been dismal, allowing aspiring landlords to turn whatever living space they have into a money-maker. Fabio Costante, a city councillor in Windsor, shared photos on X of a rental in the city that, from the ad’s title, it must have been too good to be true. Spoiler alert: It was. Firstly, the ad actually offered “6 beds, 1 bath house” for $325 a month — but by “beds,” the renter wasn’t kidding. Similar to...
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Housing starts have declined for three years in a row and 2024 is off to a poor start.
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Across Simcoe County, the average home sold for $790,292 in January, a 5.2-per-cent drop from a year ago
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The 1,400-square foot, dog-friendly home comes with an Oz-like façade, an original marble fireplace and an EV charger in the backyard
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According to a StatCan report released on Monday, renters were at least 15 percentage points more likely than homeowners to report difficulty in meeting their financial needs.
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Habitat for Humanity kids in Windsor talk about the importance of a home as they got the keys to their new place on Monday.
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Is the market roaring back to life?
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Customers cushioned from widespread increases – for now
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A group that keeps tabs on Ontario's tribunals is speaking out about a backlog at the Landlord and Tenant Board (LTB).
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After two years of deliberations, the Federal Court has granted approval for a class-action lawsuit alleging price-fixing and anti-competitive practices to proceed against the real estate industry in the Greater Toronto Area (GTA). The lawsuit, filed in April 2021 on behalf of Toronto resident Mark Sunderland and anyone who sold a home in the GTA after 2010, alleges misconduct by several of the nation’s leading brokerages, including Century 21,...
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From the outside, 118 and 120 Pembroke St. look like just two semi-detached homes. And yet, these conjoined homes are so much more.
This is actual...
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A Toronto grocery store recently hit the market, but it's not going to be used for its intended purpose.
The building that currently houses Silva G...
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Nestled in the heart of Forest Hill lies a home straight out of a storybook or the English countryside... which are more or less the same thing.
31...
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Canadian policymakers are sprinting across the country to rain cash to stimulate homebuilding. Unfortunately, it’s not working with new housing starts actually falling further from targets in January. BMO wrote to investors to explain this is predictable, since the targets were unrealistic and will never be hit. Partially due to the lack of resources available […]
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TRREB just released its 2024 Market Outlook, projecting 77,000 home sales, declining mortgage rates and more
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Scarborough is one of the food capitals of the world and home to the picturesque Bluffs but it often gets shafted with its poor transit planning an...
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Editor's Note"Welcome to my Newsletter Page! I am a professional Real Estate Agent in Toronto GTA with an Architectural background from India. With a unique combination of design and real estate knowledge, I am dedicated to helping clients find their dream home. My expertise in both fields allows me to understand the potential of a property and how to best showcase it to potential buyers. I am committed to providing excellent service and going above and beyond for my clients. Let me help you navigate the real estate market and find your perfect property in the Greater Toronto Area & Surroundings. Contact me today!"
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