Gorgeous house with an amazing floorplan! Located in Brampton by Edenbrook / Sandalwood. Cathedral ceilings and a Hollywood kitchen that comes with stainless steel appliances. 3 bedrooms and 2.5 washrooms. Call me at (905)277-0771 to view this beautiful property.
Mid-Month January GTA Housing Resales at 888
TORONTO, January 19, 2009
Greater Toronto REALTORS® reported 888 sales during the first half of January compared to 1,776 in the first 15 days of 2008. “According to Statistics Canada the economic situation throughout Canada changed noticeably over the past year with job losses in the fourth quarter of 2008. Toronto is not immune to this, the GTA housing market has been impacted,” according to TREB President Maureen O’Neill.
The average GTA price mid-way through January is $332,495 from $367,574 during the same period in 2008. The median GTA price was $301,000 compared to 316,000 last year. “While sales have declined, listings have remained high. GTA home buyers have benefitted from more choice,” explained Ms. O’Neill. “Historically, increased choice in the marketplace has equated to a moderation in price growth.”
In January 2009, stronger declines in sales and prices were experienced in the City of Toronto. “Sales for January a year ago may have been elevated by the flurry of transactions completed before the city’s land transfer tax went into effect,” added Ms. O’Neill. “The costs of home ownership in the 416 has increased due to the added land transfer tax many home buyers now face in the City of Toronto. Some households considering the purchase of a home in the City have either put their decision on hold or looked elsewhere in the GTA.”
Source: Toronto Real Estate Board
If you’ve come this far, then this means only one thing: congratulations, you’ve successfully sold your Brampton home! But, don’t forget to tie up these loose ends:
Final Walk-Through Inspection. More than just a formality, the final inspection takes place shortly before the scheduled date and time for closing (often the day before or the day of closing). The buyer and his agent visit the home to verify that all is in working order, that all agreed repairs have been made, that all of your belongings have been removed, and that no additional damage was done to the home in the time between contract signing and settlement. To avoid any last minute upsets, you will want to plan your move out with enough time left over to return to the home, collect any forgotten items, ensure the home is reasonably clean and free of debris, and in good condition. If something is damaged in the move, you will want to ensure that it is fixed before the final walk through as well. Remember, from a buyer’s perspective, buying a home is a great achievement, but it is also fraught with tension, nerves, and anxiety. A clean home with no nasty surprises will help alleviate a buyer’s concerns and will help to ensure a smooth settlement. Plus, its just a nice thing to do. As your agent, I will be a resource for you to help line up movers, cleaners, junk haulers, and repairmen, as needed, to help you deliver your home to its new owner in the required condition (or even better).
Cancel Home Services and Utilities. You will be responsible for canceling all utility and service accounts in your name as of the date of closing. Of course, you will be responsible to pay the final bills for these utilities and services through the date of closing. Often the buyer won’t be able to set up his account until your has been closed, so be sure to add that to your to-do list before closing.
Be Prepared. Even if you do everything right and the buyer does everything right, sometimes problems do arise. It ain’t over ’til its over, as they say. So, be prepared and remain calm. As your agent, I am here to assist you should an unforeseen glitch pop up, even at this last stage. Something at the house breaks down, the buyers’ loan doesn’t pull through on time – no need to worry. I’ve encountered these problems before so I can help you handle these problems efficiently and keep everything moving forward.
Closing. This is it – you sign the deed transferring ownership, the buyer pays the purchase price, you hand over the keys and garage openers and everyone walks away (hopefully) very happy. The closing is the culmination of the weeks or months of preparation and work involved in selling your home. Congratulations!
More more questions on the Brampton real estate market drop me an email.
This house is located in Brampton by Edenbrook / Sandalwood. 3 bedrooms with 3 washrooms. The house is vacant and ready for immediate possession. Asking only $305,000 (negotiable), similar houses few months ago were selling for $10,000 to $15,000 more! Located right in front of the park, very family friendly neighbourhood. To view this great property give me a call.
