December 30th, 2007

Mississauga Real Estate News: Winter 2007

Small Increase in Housing Prices

The average Torontonian will see a much more moderate increase in house prices. Average resale homes by the end of 2007 will have increased by a moderate 5 per cent according to predications.

Slowdown?

With the Bank of Canada increasing interest rates to cool inflationary pressures that include the heated real estate market, economists are calling for a slowdown for the final few months of the year.

Land Transfer Tax Means Boom for GTA Real Estate?

However with the recent announcement of the approved Land Transfer Tax, Toronto buyers could be scrambling to buy a home before the end of the year to escape this double tax that takes effect February 2008 (this does not effect the Mississauga area) and prove the economists wrong.

Selling Your House Without a Real Estate Agent

For Sale By Owner or FSBO- What are The Facts?

Selling your home will most likely be the biggest financial commitment that you will ever make in your lifetime. Here are some things to consider if you are thinking about going the “private sale” route and selling your own home without the help of a real estate agent professional.

Selling Your Own Home Means Less Potential Buyers

If you list your home on your own, you are limiting your exposure to potential buyers (less than 10% of what a good real estate broker will generate) which theoretically means your home will take ten to fifteen times longer to sell on the market.

Buyers Will Expect To Buy For Less with a Private Sale

The only incentive a buyer has to buy a home from some one selling a house without an agent is they think they will get a deal.
Most buyers looking at FSBO’s are looking for a deal. They are not serious buyers, and DO NOT have to buy. They are in a waiting game they also feel the price should reflect a lower price since you are not paying any real estate commissions.

Your House Will Sell For Less

Because of the limited exposure, you will very likely end up with a lower selling price because your home has been on the market for a longer period of time. Remember, in order to generate the highest price possible for your home… selling means exposure. You need the maximum exposure possible, to generate the highest price possible.

The longer a home is on the market the lower the selling price because most buyers think that if the home has not sold after this long…there must be something wrong with the home.

Most serious buyers find it extremely awkward to negotiate or even to talk directly with sellers and therefore avoid FSBO properties.

If you have been trying to sell your own home and feel stuck and would like professional advice- please give me a call for a no obligation consultation. Lea Jensen 905-891-8089 .
More information on FSBO purchases in Mississauga. Oakville and Milton

Stay Up To Date With the Newest MLS Listings

The information you see on mls.ca may be out of date. Often the information can be days old. Houses maybe have dropped in price and houses for sale in Mississauga that you think are out of your price range may now be affordable. Most important- the newest houses JUST listed are not online yet. Houses can be on the market 2 or 3 days before they appear on mls.ca listings available to the public. Licensed Real estate agents have access to the newest listings- called ” Hot Sheets” . A good real estate agent will keep a close eye on these for their clients.

If you would like the newest an most up to date Hot sheets sent to you. I can have these emailed to you or phone you with latest updates.
Don;t miss out on your dream home! Sign up for FREE Hot Sheets for Mississauga now!
You can reach me directly by calling me at 905-275-9400 .

Hot sheets for Mississauga, Oakville, Etobicoke, Milton and Burlington available.

Rebate for Toronto Land Transfer Tax for First Time Buyers

This new tax- applicable ONLY to homes in Toronto goes into effect February 1, 2008. The new tax was voted into effect October 28. 2007 by Toronto City Council. A rebate of up to $3,725 will apply to first-time buyers of homes. This amount cover the land transfer tax on a house bought for 400,000 and under. Read the rest of this entry »

Just Listed- Oakville Condominium for Sale

Are You looking to buy a condo in Oakville? Call Lea at 905-891-8089 for up to the minute listings.

oakville condo for sale view of oakville real estate pic-condo for sale

New Oakville Condo Listing- 2365 Central Park Dr.

Brand new condominium for sale in Oakville at 2365 Central Park Dr ( Near Trafalgar Road and Dundas) . Terrific location in prestigious Oakville. Read the rest of this entry »

Snow Removal for Seniors in Mississauga- Subsidy Available for Low Income Seniors

mississauga snow removal guy
If you are a low income Senior (65 or older), or a low income physically disabled person, you may be eligible to receive a financial subsidy of up to $100 to offset the cost of snow removal from your sidewalks and driveway.
If you are a Mississauga resident and you recive either the GIS, ODSP or the Ontario Works Support Act you will be considered for the subsidy. If you qualify, please complete for Snow Removal Subsidy Application form

To find out more about Mississauga clearing operations, call 905-615-SNOW (7669) or email at snowinfo@mississauga.ca

Looking for a Home in Mineola? Buying and Selling a House in Mineola

Are you looking to buy or sell a home in Mineola?
I can help! I have been a proud resident for almost 20 years. I am in the top 10% of Royal LePage real estate agents.

Looking for a Mineola Real Estate Agent?

If you are buying or selling a Mineola house, townhouse, Condo or other residential property, I have years of selling experience and buying experience in the area. My expertise selling real estate in Mineola will bring a fresh and unique approach to selling and buying a home.

Some of the Free Real Estate Services I Provide

Free, professional home staging services with your listing.
Free no oligation market evaluations. Find out how much you home is worth with no strings or high pressure tactics.
Free up to the minute hot sheets. Find out about the newest houses as soon as they become available.

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