Reasons To Buy A Home In The Winter

We are led to believe that the spring and summer months are the prime time for purchasing a home, but have you ever considered purchasing a home in the winter?

Here are a few reasons to prove that buying a home in the winter might just land you a better deal!

The Best Bargains

With low temperatures – home sellers are less likely to pack up their belongings, as well as fewer offers coming in on homes. It would be the perfect time to snag a deal as agents and sellers are trying to close as quickly as possible!

Less Competition 

There will definitely be less savvy potential buyers in the market during the winter, due to icy roads and pavements. If you’re willing to endure the weather conditions – you just might land yourself an amazing deal!

Negotiation

A sure sign that a seller is ready to sell their home and move on out is when they’re selling in the middle of winter. Whatever the circumstance may be, negotiating a selling price, closing cost or closing date are more likely to be open for negotiation!

Most Sellers Are Holding Off Until Spring

Sure, the market might not be as booming in the winter, but it might be the perfect time to find exactly what you’re looking for, with less competition!

Working One-On-One

Winter being the slower season, your agent will have more time to spend with you regarding your big upcoming purchase. Spring is a hectic time for all agents, so in the wintertime, you’ll be able to have their undivided attention!

Homes Are Less Appealing In Winter

Everyone knows how difficult it is to keep a home looking sparkling and beautiful during the winter. There’s snow, mud, ice and salt to name a few that can make homes less appealing. However, you could use this to negotiate a better price, not to mention, the less appealing to buyers, the less offers a home will get, meaning yours could be at the top of the list!!

Mortgage Rates

You want the best mortgage rate possible so it’s always best to speak with a mortgage broker before the prices go up in the new year. Let the low supply and demand work in your favour – Don’t be left scrambling and bidding come the springtime.

Article Source: HGTV

Are You Looking For Your Forever Home? Let Sutton Help You!

We Have Agents Eager To Answer All Of Your Questions, And Get You The Best Deal In The Market!

Call Sutton Group Realty Systems Inc., Brokreage

416-896-3333 / 905-896-3333

www.SuttonRealty.com

Reasons To Lock In A Mortgage RIGHT NOW In Canada

Rates in the mortgage market have fallen to the lowest level since September 2017, meaning now may be a good time to think about a 5-year fixed rate. Typically during the busy spring homebuying season, lenders will offer their most competitive rates, and the timing is spot on with the surging of sales in Toronto.

With a 5-year fixed rate by 0.6% in four months shows why buyers should continue to shop around to make sure they are getting the best rate before they lock in a mortgage. With purchases closing in June, the timing is excellent for consumers to take advantage of these new rates!

The best rates can be found (currently) at the following:

Equitable (Fixed: 2.89%, Variable: 2.90%), MCAP (Fixed: 3.09%, Variable: 3.10%), DUCA (Fixed: 2.89%, Variable: 2.95%) and Scotiabank (Fixed: 3.24%, Variable: 3.35%). Also worth noting that fixed rates are the cheaper option above all.

Unless the Bank of Canada cuts it’s benchmark rate, don’t expect variable mortgage rates to go down. However, fixed rates may fall even further – so keep yourself updated!

Do you need the help of an experienced realtor to help you through the homebuying process?

Call Sutton today – we have agents standing by waiting to hear from you!

Sutton Group Realty Systems Inc., Brokerage

416-896-3333 / 905-896-3333

www.SuttonRealty.com

 

 

Power of Sale Listing in Toronto and GTA

Power of Sale Listing in Toronto and GTA
Distress sales resulting from bank foreclosure or power of sale provisions, often represent a great way to get a fantastic deal on a home. It’s not easy for the average home buyer to find these deals, because you have to keep scouring the papers and they are not identifiable on the online listing services.
If you’re the type of person who recognizes what a great potential some of these properties could represent, you will be interested to know about our free Power of Sale members monthly Newsletter.
Call your Sutton Realty Systems agent at 416-762-4200 or 905-896-3333 today and let us know your price range and area.
You can also visit us on-line: