4 Reasons to Buy a Property from Multiple Listing Service (MLS) in Bolton

 

Want to buy or sell a property? You can find many good options on Multiple Listing Services (MLS). There are many benefits of buying a property from MLS in Bolton, Ontario. If you are thinking about buying directly from a homeowner, you may have to stay in the market for a long time.
 
With MLS, you will have access to more properties than ever before. If you are looking for an investment, you will want to look at all of your options. You can browse through MLS in Bolton, Ontario, and shortlist properties that attract you. Here are the reasons you should buy a property from MLS in Bolton.

1. Saves Your Time 
It Saves Your Time. If you have time constraints, buying a house listed on MLS might be a good option. It provides you with all the information regarding your desired property, such as location, price, size, etc. Realtors also use it; it will quickly help you find a suitable property. Most real estate agents make sure their listings are accurate so that they don't waste their or their client's time.
 
2. Offers Variety 
A realtor has access to the MLS, an exclusive database of homes for sale. Another reason you should buy your property from MLS listings in Caledon, Ontario, is that it gives you more options. As there are many listings, you can easily choose the best one that meets your expectations.
 
3. Save Money
 Another reason to consider buying a home from MLS is you can get it at a discounted price. MLS undergo price reduction from time to time as sellers become eager to sell their property quickly. You can compare properties and browse through many listed ones. If you don't know how to browse listings, you can go to a realtor who can help you with them. 
 
4. Convenient
 As a buyer, when a realtor represents you, you can be sure that realtor will protect your interests. You will be able to get the best deal on an MLS without much effort. The realtor will ensure that you get the most suitable property as per your requirements. A realtor will make the entire process of buying a home easy and convenient for you. They will provide you with all the information that you need.
 
 Why Get Help From A Realtor
 MLS is a marketing platform used by Realtors to promote properties for sale. MLS is an excellent tool for both buyers and sellers. The MLS allows Realtors to find buyers, give more exposure, and sell the property faster. The prices listed in the MLS are usually more competitive than the market value. Realtors have an excellent understanding of the market and will help their clients find homes in the best locations at low prices.

 

 

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Should You Worry about Competing Listings?
Imagine you've been waiting for the right moment to sell your home and you're finally ready to pull the trigger and list it. But, just as you're about to put up the sign, you notice that a few other FOR SALE signs have unexpectedly popped up in the neighbourhood.

Oh no! Now there are competing listings. Does that mean you should put your plan to sell your property on hold?

Not necessarily.

Just because comparable homes are for sale in the area doesn't mean it's not a good time to make your move. In fact, even if there is a sharp increase in local listings, active buyers might still outnumber properties available.

In that scenario, you'd likely get several interested buyers.

And, even in the case of a buyer's market, now might still be the ideal time to sell.
Don't forget, your home might have desirable features that some buyers are eagerly looking for, giving your home the advantage over others on the market.

In addition, a large part of a successful sale is in how a property is marketed and promoted. With effective marketing, your home is more likely to be noticed by the right type of buyers... buyers who are actively looking for a property like yours.

So, waiting for the perfect moment to sell your home rarely makes sense. In most cases, the best time to list is now.

That being said, it is helpful to find out exactly what to expect should you list your property in today's market. To find that out, call today.
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CMHC HOUSING MARKET FORECAST
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Luxury Condo Market Soars, While Single-Detached Luxury Home Sales Fall Short

Toronto and Vancouver luxury condo market bolstered by local buyers, downsizing retirees and Millennials

Single-detached luxury homes sales in the $3+ million range in Toronto and Vancouver drop by 44% and 45%

Sales of single-detached homes priced $1-2 million have declined in Toronto and Vancouver, down 35 per cent year-over-year, according to the 2018 RE/MAX Spotlight on Luxury Report. In contrast, the luxury condo market in the $1-2 million range remains popular, particularly in larger urban centres. Toronto experienced a two-per-cent increase in luxury condo sales, while Vancouver sales were up six per cent and Victoria luxury condo sales increased 19 per cent. These trends have been largely driven by Baby Boomers and Millennials.

“Many Canadian Baby Boomers saw the strength of the real estate market over the past two years as an opportunity to cash-in, downsize and upgrade into the luxury market for retirement,” says Christopher Alexander, Executive Vice President and Regional Director, RE/MAX INTEGRA Ontario-Atlantic Canada Region.

 “We’re also seeing an emerging trend of Millennials entering the lower end of the luxury condo market, as they tap into their inheritance to invest in this popular property segment.” 

While the luxury condo market soars, single-detached activity in Toronto and Vancouver continues to be impacted by the foreign buyer’s tax. Year-over-year single-detached sales in the $1-3 million range were down 37 per cent in Toronto and 31 per cent in Vancouver.

“The foreign buyer’s tax has impacted overseas activity, opening more opportunities for local buyers to enter the luxury market,” says Elton Ash, Executive Vice President, RE/MAX of Western Canada. “As a result, local buyers are driving demand for luxury condos going into 2019, which is welcome news for developers in major city centres looking to build more properties.”

Canada’s condo hot spots of Toronto and Vancouver saw year-over-year increases in most expensive condo units on the market. In Toronto, the priciest condo sold for $11.5 million in 2018, up from $8 million in 2017 (+44 per cent). Meanwhile in Vancouver, the most expensive condo sold for $11.7 million, up from $8.7 million in 2017 (+34 per cent). In comparison, year-over-year declines in highest selling price of a condo were seen in Calgary (-53 per cent), Victoria (-47 per cent) and Oakville (-18 per cent).

 Other Key Findings:

  • In Vancouver, single-detached homes and condos in the $3+ million range decreased year-over-year by 45 per cent year and 13 per cent.
  • In Toronto, single-detached homes in the $3+ million range decreased year-over-year by 44 per cent, while condo sales remain unchanged.
  • In Oakville, both luxury home and condo sales in the $1-2 million price range decreased by 30 per cent and 14 per cent, respectively, thanks in part to lower inventory levels.
  • In Victoria, condos in the $1-2 million range experienced a 19 per cent increase year-over-year and condos in the $2-3 million range experienced a 67 per cent increase year-over-year. However, condos priced $3 million+ experienced a decline of 40 per cent.
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