Experienced and Savvy Investors Buy in December to March Winter Months

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Investors Buy in December to March Winter Months

Experienced and Savvy Investors Buy in December to March Winter Months

Why do a Large Number of Experienced and Savvy Investors Buy in December to March Winter Months?

For a few personal reasons, some people have no time limit (expiration of apartment lease, etc.)and so they really wait until they find something they love to do before purchasing like marrying, which can come at any time, including the snowy winter months as well.

Also, if a property has not sold over the busier season (spring and summer), owners as well as realtors tend to drop the asking price a little to attract more investors to the property. So sometimes, you can get a better deal on a property in the winter months as opposed to the months where the most investors are searching the housing market. Investors think that there is a possibility of better deal to be had….but, many times it is not so….you need right investor agent who can navigate thru this surfing and searching.
There is one good reason is that there are fewer sales and fewer investors in these months so some investors see that as a great time to get a deal. Some houses do not show up in the realtor search as it is in the batches on system for group of years like under 5yrs, under 10 years & so on, so those comes up as soon as the new year starts, also the possible search criteria also changed altogether.

If a seller has placed a conditional offer on a new home and theirs is still not sold by the winter, you may also have an easier time negotiating as they have deadlines to sell their home, so the Investor have an opportunity.

Each selling and purchasing decision is based on a variety of different motives. It’s often case by case and so does just like credit ratings its all depends on individuals.

Don’t be fooled though, some of the statistics I have seen have shown that December is also a good time to sell, and recent years you can verify mls.ca stats, winter months are not bad producing months as well, Because fewer inventories on the market mean less competition, and if investor is in need and do not want to wait despite realtor try to wait for new match property comes up in market. Sometimes good houses do not sell because the competition is fierce and even though they may be priced and war of price so hot, to-gather competitively, they fail to sell because if excess inventory levels. Over major portion of the houses listed in GTA last year in December sold. This made it the number: one month to sell if you want to have an edge on the market inventory if you think and plan properly and willing to take risk with good experience agent and with lots of ice over the head.

Some of my clients save up and buy this time of year. Most investors do not want to be bothered over the Christmas season but investors know that offers at this time of year are scarce at best. This is the time of year when those of us agents that represent investor investors are the busiest. Feel free to contact me if you wish to explore the investor market, there are a lot of great deals out there right now that my clients are snapping up! Would you like to wait or go depends on your choice.

Another good reason is that in winter months only serious sellers remain in the market just like serious investors and price the property accordingly well to sell and ready to make a deal before spring market competition starts. Negotiations take place well when both parties are motivated. An experienced Realtor can get you a great deal in winter.

Always hire the proper agent: www.vijaygandhi.com and save you a lot…

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What makes buying a home different from other investments?

Buying a Home

1. You may find it hard to get your money out. Some investments can lock in your money for a while, but you can usually pay a penalty and get your money out if you really need it (for example, a five-year Guaranteed Interest Certificate (GIC)). If you buy a home, you may find it will tie up most of your savings. Turning your house into cash means selling it or renting it out, and that can take a lot of time and effort. That’s why a home is not considered a very liquid investment.

2. You will pay very different kinds of costs. Most investments have costs like service charges, fees, or commissions. The costs to maintain a home investment are different, and many are hard to plan for. There are taxes and utility costs, for starters. Then there’s maintenance. On top of that, if you have a mortgage, you will pay interest – and interest rates can go up, making your home investment more costly to own.

3. Many factors affect what you will make. Some investments, such as GICs or bonds, give you a fixed rate of return, so there’s no guesswork. You can estimate the return on other investments, such as stocks or mutual funds, based on past results and other factors, but there is no guarantee what you will make. To predict how much money you’ll make when you sell a home, you have to look at factors such as:

• The average increase in housing prices over time, which runs between 2% and 4% a year in most locations
• The location of your home
• Your home’s size, age, and condition

4. You get the unique advantage of living in your investment. Most investments bring you a return in the future. A home can do that too, but with a home, you also get to enjoy your investment by living in it.

5. You are not just investing, you are also borrowing. A few lucky people have enough money to pay cash for their homes, but most people make a down payment and borrow the rest by taking out a mortgage. When you buy investments like stocks and bonds, you don’t usually borrow the money you invest – or at least, not as much.

6. You use different sources of information to research your home investment. Your real estate agent is your best source of information when buying a home. Find one you feel comfortable with, who seems to understand your needs and your budget. Make sure they are familiar with the area you are interested in. Of course, don’t overlook other sources of information. For example, people in the neighbourhood are often willing to share information that can help you make your final decision. Newspapers, books and the Internet also provide useful information. You can also talk to your banker or financial adviser.

Remember: Location matters when you’re buying a home

The return on investment for homes in some places is higher than it is in others. Whether you live in a small town or a big city, you get the same interest on a GIC. If you buy a house in a small town, you probably will not pay as much for it as you will for a similar house in the centre of a large Canadian city, close to public transit, shopping, schools, and entertainment.

You can find the multiplexes/investment listings on webs sites as under

www.vijaygandhi.com
www.icxforsale.com

Learn more:

Canada Mortgage and Housing Corp.: information on a wide range of topics ranging from finding a contractor, to home maintenance checklists

Free How-to-Renovate videos from CMHC

Canada Home Builders’ Association – Resource Centre Worksheets: worksheets and checklists you can use when planning a renovation

Find a renovator or contractor who belongs to the Canadian Home Builders’ Association

 (The comments contained on this site are for information purposes only and do not constitute legal advice.)  *Charlie is fictional character

If you have any questions/suggestion or require more information, please do not hesitate to contact me for buying or selling and also I will be happy to assist you negotiating your investment needs.

You can find the multiplexes/investment listings on webs sites as under

www.vijaygandhi.com

www.icxforsale.com

Vijay Gandhi,
Sales Representative- REALTOR^®,
RE/MAX Dynasty Realty Inc. Brokerage*
C: 647. 267. 6338 (Direct-Leave message or text)
P: 416.335.4335 | 905.471-0002 (page me-Have me)
F: 905.471.7441
E: vtgandhi@yahoo.com , vgandhi@remax.net
W:  www.vijaygandhi.com , www.gtarealtyagent.com , www.icxforsale.com 

Please call me TODAY for a No Obligation Buyer Consultation or Pre-Listing appointment!

A COMPRIHANSIVE GUIDE TO MOVING

A COMPRIHANSIVE GUIDE TO MOVING

About two months before you take possession of your new home, you should start preparing for your move.

The following is a handy checklist that can help to streamline your preparations. This is a suggested timeline, but certainly the more items you can move up on the list, the better prepared you will be.

8 Weeks Before Moving

• Make yourself a MOVE FILE into which you can throw receipts, phone numbers, estimates and any other information you might have to refer to quickly. Keep this in a spot where it won’t get packed.
• If you are moving to a new municipality, research any special laws and requirements that apply to you in the way of home-based businesses, etc.
• Start getting estimates from moving companies.
• Start thinking about furniture placement using the floor plan of your new home.

7 Weeks Before Moving

• If you are changing your doctor or dentist, check with them to obtain medical and dental records, X-rays and prescription histories.
• Contact your children’s schools or daycare facilities and arrange for records to be transferred.

6 Weeks Before Moving

• Start using up freezer food and cleaning items that shouldn’t be moved, such as bleach and aerosol cleaners.
• Inform your house insurance and car insurance agent that you will be moving, and start any required paperwork in motion. Be sure you are covered throughout your move.
• Make a list of valuables or items that will difficult to replace. Have antiques, artwork and other valuables appraised. Plan on moving them yourself or sending them by registered mail or courier.
• Make arrangements for storage if necessary.

5 Weeks Before Moving

• Locate the hospitals, police stations, veterinarians and fire stations near your home.
• Make a list of things you don’t want to move. Sell, give away or donate the items.

• Prepare a folder of information to leave for the new occupant of the home you are leaving. companies and rental agencies.
• Gather boxes and packing materials if you intend to pack yourself.
• Make any travel arrangements that might be necessary with airlines, buses, car rental agencies and hotels.
• Cancel or transfer memberships in clubs, organizations and churches.
• Set up a checking account in your new municipality if needed.
• Make an inventory of your belongings so that if you have to file an insurance claim later on you won’t forget items. Record serial numbers of your electronic equipment.
• Make arrangements for transporting pets.

4 Weeks Before Moving

Choose a moving company or arrange to rent a truck if you will move yourself. If you are moving between June & September or at the end of a month, you may want to confirm your moving arrangements earlier than 4 weeks – these are the busier times for moving

3 Weeks Before Moving

• Return all library books.
• Make sure you’ve picked up all dry cleaning or items out for repair.
• Begin packing items you seldom use.
• Get rid of flammables, corrosives and poisons.
• Make arrangements for childcare and pet care on moving day.

2 Weeks Before Moving

• Arrange for the utilities switchover from your current home to your new home. Remember hydro, water, waste disposal, newspaper delivery, magazine subscriptions, telephone, Cable Company, satellite TV or Internet company, etc. Refer to the useful links provided at the end of this section.
• Arrange for any special help you may need on moving day – here’s your opportunity to call in favors from all the friends and family members you have helped over the years!
• If you are moving from an apartment, reserve the use of the elevator for moving day.
• Clean area rugs and clothing and wrap as many as you can for moving.
• Prune your plants and consult a garden center or book on moving tips.
• Make sure you have any prescription medicine you may be using on hand.

1 Week Before Moving

• Make a file for important papers, moving documents and phone numbers, and keep it with you.
• Fill out and mail change of address forms. Don’t forget:
  • Ministry of Transportation
  • Ministry of Health
  • Bank/credit union
  • Churches
  • Credit card companies
  • Family physician
  • Fire/auto insurance
  • Friends and family
  • House insurance
  • Magazine/newspaper subscriptions
  • Organizations, groups and sports teams
  • Post Office Hydro
  • Gas
  • Municipal Tax Department
• Contact the post office for information on where to collect your mail and obtaining a key for your mailbox.
• Pack.
• Label boxes that contain necessities and open first.
• Drain the gas and oil from your lawn mover and other motors, plus gas grills and heaters.
• Empty, defrost and clean your fridge at least a full day before moving.
• Dismantle beds and other large furniture.

1 Day Before Moving

• Clean rooms as much as you can. Keep a few cleaning materials on hand so you can go through each room after it is emptied?
• Drain water hoses.
• Make sure you are prepared to pay your mover.

On Moving Day

• Once your house is empty and you have checked to make sure you didn’t leave anything behind, CHECK AGAIN.
• Carry by hand any important documents, jewelry and currency.
• Make sure the movers have the correct address and your cell phone number if you have one. Get the driver’s cell phone number as well.
• Check your belongings and note any damaged items.
• An important consideration leading up to and on moving day is pets don’t understand why strangers are removing their furniture. Like children, you may not realize they can become very stressed. Keep their routine as normal as possible and designate and set up a small ‘pet room’ first. Provide them with all their normal comforts and post a sign on the door to ensure it is kept closed while the move is taking place. Keep them on leashes outdoors at all times to help them get to know their new home.

After Moving Into Your New Home

• Revise your will and other legal papers with your current address.
• Keep your move file handy for reference.

•  
  • Sit Back and Enjoy!
  • On no…………..unpack & start living in new world…………Ha  Ha  Ha…..more work follows

http://www.vijaygandhi.com/CONTACT_ME/page_2228816.html

http://www.qhp.ca/pdf/Home-Moving-Checklist.pdf 

 (The comments contained on this site are for information purposes only and do not constitute legal advice.)

If you have any questions/suggestion or require more information, please do not hesitate to contact me and I will be happy to assist you.

Vijay Gandhi,
Sales Representative- REALTOR^®,
RE/MAX Dynasty Realty Inc. Brokerage*
C: 647. 267. 6338 (Direct-Leave message or text)
P: 416.335.4335 | 905.471-0002 (page me-Have me)
F: 905.471.7441

why pay more ? listing commission plan starts 1%* and up,get VIJAY now.

why pay more ? listing commission plan starts 1%* and up,get VIJAY now.

Vijay Gandhi,
Sales Representative,
RE/MAX Dynasty Realty Inc. Brokerage*
Direct: 647-267-6338     Office: 905-471-0002 / 416-335-4335
 

HST (TAX)- What You Need to Know Sellers! in Ontario- Must Read

HST (TAX)- What You Need to Know HOME Sellers!

let me tell you how HST will affect Sellers of Real Estate and in another post I’ll mention the affects on Buyers.

So What is HST? – 13% Tax (Harmonizing of GST (5%) and PST (8%) – hence HST

When does it take affect? – July 1st, 2010

HST will apply on all current services you pay GST on.  So you will pay on Realtor commissions, Lawyer fees, Inspections, Maintenance, Moving Costs, etc so on and on in every days routine,this is now becoming part of everydays’ routine as we are used to higher tax in NorthAmerica wide.

Transitional Rules:

1.  If you list May 1st and close July 5th.  As long as 90% of the services related to your Real Estate transaction (open houses, getting mortgages, inspections, title search, etc.) occured prior to July 1st… then you won’t have to pay HST just the GST.

2.  If you list May 1st and close Aug 1st.  Since the 90% rule won’t apply you will now pay on a weighted scale.  2 months (2/3) GST and 1 month (1/3) of HST on all your closing cost (commission, lawyer fees, etc.).  All costs incurred prior to July 1st would only have incurred GST.  Movers would have charged entire HST.

How much will you be paying extra?

Lets calculate using an average GTA price of $400,000 for a single family house.

Seller would pay:
1.  Commission 3.5% – 5% = $1120 to $1600 more
2.  Lawyer ($1000 – $2000) = $80- $160 more
3.  Moving ($1000-$2000)=  $80 – $160 more
4.  Pre-inspection ($300-$500) = up to $40 more

So Sellers are looking at around $2000 added to closing costs.  Nothing too significant that will cause a dent in the Toronto market.  The Toronto Land Transfer Tax was significantly more expensive and had no affect.  I think surrounding municipalities will probably add their own form on Land Transfer Tax in the upcoming 3-5 years.

In my next post I will talk about how GST affects  Buyers.

Have questions? contact Vijay Gandhi, Re/max Dynasty – Real Estate Consultant – 647-267-6338  vgandhi@remax.net