Thursday, October 16, 2014

Reason 5 You Should List Your House Today

Greater Toronto Area is a changing market. Homes and commercial real estate in Toronto are going through a dynamic transition right now. What you ask? Well, for one the definition of a 'spacious' house has changed to the 'efficient' house. The intensification process seems to have dug in and now widely accepted, even in sub-urban areas such as Markham, Richmond Hill, Vaughan and so far out as the Durham region. Regardless of any of these trends, home ownership is now in demand more than ever. Buyers have realized that if they don't buy now, it is only going to get harder. 
For the home owners, here are you reasons why you should sell today. 

1.  High demand for your property
Sale of homes is at a record high since 2007. In the most recent study home sales have increased by 9.2% over the previous year. There is an influx of serious buyers waiting for the right home.

2.  More buyers in GTA Market
The supply of homes for sale is at lowest point since 2005. There is a drop of 21.6% compared to his time last year. Selling your properly now when there is more buyers than homes for sale my get you the best price.

3.  New Competition
Over the last several years, most homeowners selling their home did not have to complete wit
h a new construction project around the block. As the market is recovering, more and more builders are jumping back in. these “shiny” new homes will again become competition as they are an attractive alternative to many purchasers.

4.  Interest Rate Climbing the Ladder
Whether you’re upsizing or downsizing, your housing expense will increase more a year from now as mortgage interest rates will increase approximately one full point this year.

5.  Timeline Rather Seems To Be Promising
There is less transaction during this time of year, so the time spent waiting for appraisals and inspections are shorter, therefore during the next 90 days is the best time to do these transactions.  Buying a home at this time will be a friendlier experience.

One thing is for sure. If you own a home, its foundations just as well be made of cold hard cash. Now is the time to get your hands on it. 

Formally educated as an Architect, Jagdeep Singh is Toronto REALTOR™ consulting on both resale real estate and new developments. Powerful Local Focus on Real Estate with a Global Perspective™. This post is for information purposes only. Though effort has been made to ensure the accuracy of the contents, the reader is advised to verify the information independently. This post may contain contain information that is privileged, confidential and exempt from disclosure under applicable law. The reader is not allowed to reproduce it in any medium without the author’s prior written permission. Jagdeep Singh is a broker with Century 21 Heritage Group Ltd., brokerage (416) 798-7133 which is independently owned and operated. This message is not intended to solicit parties currently under contract.

Thursday, January 30, 2014

4 Tips to Make Strong Property Investments

It's 2014! You may be thinking of investing in real estate this year, but how difficult is it?

Use these 4 tips to make strong property investments without being overwhelmed:

1) Learn Selectively

Learning how to buy that first investment house or property can be overwhelming. If you search Google for “real estate investing” you are given 217,000,000 results!

Pick one niche and one strategy, and learn a little about those. That’s it.

For example, you might be interested in buying small multifamily properties, like duplexes or triplexes, and hanging on to them until retirement. Searching Google for “how to buy a small multifamily property” will bring you far more targeted responses.

2) Start Small

Yes, you may want to acquire millions of dollars in real estate to stock your retirement fund, but that million dollar portfolio starts with a single purchase.

Perhaps it’s your goal to buy ten single family houses over the next five years. You do not need to buy all ten this year, or next. Perhaps you can buy just one this year, while learning how the process works. The year after you might buy two. Each year, you become more and more familiar with the process and can buy more and more properties.

3) Buy Only the Best Deals

Remember these three simple words: Quality over quantity. 

Having hundreds of properties does you no good if you aren’t making any money from them. When you are a multinational corporation or large hedge-fund buying up property, you can wager your bets and buy thousands of properties. However, if you are a regular person looking to stock your retirement fund, you can’t afford to buy bad deals.

Buying the best deals will allow you to spend less time managing properties, give you less stress while owning them, and help you build wealth even faster.

4) When you find the right opportunity, take action.

Waiting for the right opportunity is good. Waiting for the fear of taking action is bad. 

If you are going to wait for the right opportunity to buy, then have a checklist prepared to decide when the right opportunity presents itself. If it meets your criteria, then take action and put in an offer. Especially when consulting with a REALTOR, the last thing you want to do is not take action. After all you putting your energy in order to buy, not to endlessly wait. Understand that there will always be unknowns, however if you have a checklist of what meets your criteria, then moving forward and signing on the dotted line will become a no brainer. 

Happy investing. 

Formally educated as an Architect, Jagdeep Singh is Toronto REALTOR™ consulting on both resale real estate and new developments. Powerful Local Focus on Real Estate with a Global Perspective™.  This post is for information purposes only. Though effort has been made to ensure the accuracy of the contents, the reader is advised to verify the information independently. This post may contain contain information that is privileged, confidential and exempt from disclosure under applicable law. The reader is not allowed to reproduce it in any medium without the author’s prior written permission. Jagdeep Singh is a broker with Century 21 Heritage Group Ltd., brokerage (416) 798-7133 which is independently owned and operated. This message is not intended to solicit parties currently under contract.