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 | | HOME VALUES | | | | | |  | | HOW REAL ESTATE MARKET CONDITIONS AFFECT YOUR OFFER PRICE | | | | | |  | | SHOULD I BUY REAL ESTATE AT THE TOP OF THE TORONTO MARKET? | | | | | |  | | THERE ARE RENOVATION LOAN GRANTS: | | | | | |  | | RENTING VS. BUYING IN TORONTO, WHICH IS BETTER? | |
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HOME VALUES |
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HOME VALUES |
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| Home value sometimes referred to as "Value in Use", is best described as the probable price at which a home trades in a free, competitive, and open market and is synonymous with the market value.
market value:
Market value is the highest price in terms of money, that the property will bring to a willing seller if exposed for sale on the open market; allowing a reasonable time to find a willing buyer, buying with the knowledge of all the uses to which it is adapted and for which it can be legally used, and with neither buyer or seller acting under necessity, compulsion nor peculiar and special circumstances.
subjective value/objective:
Subjective value exists in the minds of the potential buyers and seller. |
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HOW REAL ESTATE MARKET CONDITIONS AFFECT YOUR OFFER PRI |
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HOW REAL ESTATE MARKET CONDITIONS AFFECT YOUR OFFER PRICE |
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| A hot market is a "seller’s market". During a seller's market, properties can sell within a few days of being listed and there are often multiple offers. Sometimes homes even sell above the asking price. |
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SHOULD I BUY REAL ESTATE AT THE TOP OF THE TORONTO MARK |
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SHOULD I BUY REAL ESTATE AT THE TOP OF THE TORONTO MARKET? |
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| How will you know a good house or condo when you see it? What if you buy a Greater Toronto Area house or condo and can't sell the one you own? How can you make sure you are making a good investment? What if you think you paid too much and house or condominiums prices drop?
After years of hefty Toronto home-price appreciations, it's natural to wonder how long the good times will last. Toronto real estate markets are cyclical: prices go up and they go down. However, over the long term in Canada, prices have tended to move higher. |
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THERE ARE RENOVATION LOAN GRANTS: |
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THERE ARE RENOVATION LOAN GRANTS: |
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| This Grant offers financial assistance to low-income households who own and occupy substandard housing to enable them to repair their dwellings to a minimum level of health and safety. It is called the Residential Rehabilitation Assistance Program (RRAP).
Who is eligible?
Homeowners may apply if: the value of their house is below a specified figure; and their household income is at or below established ceilings (limits) based on household size and area. |
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RENTING VS. BUYING IN TORONTO, WHICH IS BETTER? |
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RENTING VS. BUYING IN TORONTO, WHICH IS BETTER? |
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| One thing is for sure; we all know that we need a roof over our head. In most people’s case they end up having to pay either Rent for this roof or a Mortgage payment, unless of course you have a rich family that can offer you FREE or Reduced Rent. The point is, we ALL have to pay for a roof over our heads. |
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| Mohammed Akhtar | |
Real Estate Broker | | Keller Williams Advantage Realty, Brokerage
Bus:416.465.4545 | |
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| 12 Yonge St, Unit 407, Toronto |
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| 80 Western Battery Rd, Unit 508, Toronto |
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| 332 Lee Ave, Toronto |
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| 75 Crossovers St, Toronto |
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