Tamar about Real Estate

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Why Pre-Approval Is Key for Homebuyers in 2022

- March 31, 2022

Why Pre-Approval Is Key for Homebuyers in 2022 You may have heard that it’s important to get pre-approved for a mortgage at the beginning of the home-buying process, but what does that really mean, and why is it so important? Especially in today’s market, with rising home prices and high buyer competition, it’s crucial to have a pre-approval letter prior to making an offer. Here’s why. Being intentional and competitive are musts when buying a home this year. Pre-approval from a lender is the only way to know your true price range and how much money you can borrow for your loan. Just as important, being able to present a pre-approval letter shows sellers you’re a qualified buyer, something that can really help you land your dream home in an ultra-competitive market. With limited housing inventory, there are many more buyers active in the market than there are sellers, and that’s creating some serious competition. Pre-approval gives you an...

Balancing Your Wants and Needs as a Homebuyer Today

- March 31, 2022

Balancing Your Wants and Needs as a Homebuyer Today Since the number of homes for sale i s low today, it can feel challenging to find one that checks all your boxes. But if you know which features are absolutely essential in your next home and which ones are just nice bonuses, you can land a home that fits your needs. So how do you go about creating your list of desired features? The first step is to get pre-approved for your mortgage. Pre-approval helps you better understand your budget, and that plays an important role in how you’ll craft your list. After all, you don’t want to fall in love with a home that’s too far out of reach. Once you have a good grasp of your budget, you can begin to list all the features of a home you would like. Here’s a great way to think about them before you begin: Must-Haves – If a house doesn’t have these features, it won’t work for you and your lifestyle (examples: distance from work or loved ones, number of bedroom...

An Expert Advisor Will Give You the Best Advice in Today’s Market

- March 02, 2022

Having an experienced guide coaching you through the process of buying or selling a home is important in a normal market – but today’s market is far from normal. As a result, an expert real estate advisor isn’t just good to have by your side, they’re essential. Today’s housing market is full of extremes. Experts project mortgage rates will continue to rise this year, and that’s driving significant demand for homes as buyers want to make their purchases before rates climb even higher. At the same time, an absence of sellers is leading to record-low housing inventory. This imbalance in supply and demand is creating bidding wars and driving home price appreciation as well as considerable gains in home equity. These market conditions can feel overwhelming, but you don’t have to go at it alone. Having a trusted expert to coach you through the process of buying or selling a home gives you clarity and confidence through each step. Here...

The Difference Between Renting and Owning [INFOGRAPHIC]

- February 24, 2022

The Difference Between Renting and Owning [INFOGRAPHIC] Some Highlights If you’re deciding whether to rent or buy, consider the many financial benefits that come with owning a home. As a renter, you build your landlord’s wealth and face rising costs. As a homeowner, you build your own net worth and can lock in your monthly payments for the length of your loan. If you’re weighing your options, remember that owning a home is a decision that has considerable financial perks. If you want to learn more, let’s connect to talk about the perks of homeownership.

Toronto Architectural Chronicles

- February 22, 2022

Toronto Architectural Chronicles About Victorian Bay and Gable Tuesday, February,22, 2022 Historic Buildings are everywhere through Toronto, but many of us may not know the meaning and history they hold. With this little blogpost I would like to invite you to look through the windows of the history and discover the meaning and ties to other countries and artistic movements of significant buildings of Toronto. Toronto is the city that welcomed me on my immigration journey, and I will never forget my first feeling of excitement when I saw such a cohabitation of old architecture with new and since, it is a one of the great joys of walking around the city and discovering new areas, new streets and architectural diversity. While some buildings are definite examples of international styles, others are unique to Toronto. And indeed, it puzzled me how did these styles came about? Please join me in this wonderful journey through the hi...

Why Right Now Is a Once in A Lifetime Opportunity For Sellers?

- February 15, 2022

If you’re thinking about selling your house in 2022, you truly have a once-in-a-lifetime opportunity at your fingertips. When selling anything, you always hope for strong demand for the item coupled with a limited supply . That maximizes your leverage when you’re negotiating the sale. Home sellers are in that exact situation right now. Here’s why. Demand for ownership housing will remain strong in 2022. TRREB is forecasting: Total home purchases reported through TRREB’s MLS® System in the GTA will reach 110,000, representing a dip from 2021, but still a strong result in comparison to previous years The average selling price for all home types combined in 2022 will be $1,225,000, representing an approximate 12 per cent increase compared to 2021. Supply Is Very Limited The number of current homeowners who are very likely to list their home for sale in 2022 is also down. /TRREB’s 2022 Market Outlook & 2021 Year in Revie...

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