3 Must-Know Tips for Home Sellers in 2023

Selling your home can be a daunting task, especially in today's real estate market. With so much competition, it's important to make sure your home stands out from the rest. But where do you start? Don't worry, we've got you covered. Here are 3 must-know tips for home sellers in 2023 that will help you sell your home quickly and for the best possible price.

1. Virtual Staging is on the Rise

Gone are the days of hiring a professional stager and renting furniture...

Selling your home due to a divorce

Divorce is a tough situation that brings up many emotional and financial issues to be solved, especially when it comes to deciding what to do with the family home. As a homeowner in Ottawa, Ontario, it's important to understand how divorce affects your home, mortgage, and taxes. Getting neutral, third-party information can help you make logical, rather than emotional decisions.

Here are four options you have when it comes to your house during a divorce:

1. Sell the...

The Bank of Canada stated on January 25 that its overnight lending rate would increase by 0.25% to 4.50%. In light of the most recent disclosure, Economists examine the effects of rising interest rates on inflation, mortgages, and the outlook for the coming year.

The hot subjects of 2022 were rising inflation, interest rate hikes, and rumours of an imminent recession. Some of these themes seem likely to persist in 2023.

The Bank of Canada began boosting its overnight lending rate in March...

It's a significant decision to downsize. There are steps you can take to help ensure that you are satisfied with your real estate transactions—selling your present house and buying a new one—as you relocate from your current home to a smaller one that is more fit for your lifestyle and needs.

Think about the features you'd like in a new house. Do you host a lot of events? Do you frequently receive out-of-town visitors? Do you prefer a low-maintenance lifestyle? Do you enjoy gardening?...

A real estate purchase involves a significant financial investment, so many details must be carefully considered to make sure everything goes smoothly and successfully.

Here is a list of advice to get you started if you are looking to undertake either of these things:

• Do your research. Before buying or selling anything, be aware of the procedure. Our buyer and seller pages are a fantastic place to start. A range of helpful tools and guides are available here.
• Employ a real estate agent who can meet...

Question: What’s the true cost of selling a home? 
Answer: Usually 7-10% of the sale price.

Here’s a DETAILED breakdown (with 2022 data):

- Agent commissions: 5% of the sale price + applicable taxes (HST), split between the listing and buyer agents.

- Lawyer fees, land transfer taxes, and other administrative costs: 1-2% of the sale price.

- Home repairs and inspection requests: $100-10,000. The most common repair on a home inspection report? Sticky doors that need adjusting. The second?...

Resolutions for buying and selling in the new year.

To begin with, Happy New Year! I hope you spent the holiday season with loved ones in safety and delight (and great food).Many of you have already set some New Year's resolutions as we approach 2023 and a new beginning.

Here are a few more goals you might want to add to your list if you're thinking about buying or selling a house in 2023.

1. Before choosing a real estate agent, I will interview several.

Real estate transactions may be expensive,...

You can immediately sell your house. It can happen the day after you close on the house and get the keys. Having said that, just because you can doesn't mean you should. 

I advise you to think about a few factors before making a choice if you are thinking about it.

Examine your current mortgage contract to see whether there are any restrictions in place. You may be required to pay a fee, known as a prepayment penalty, to end the arrangement if you sell the property soon after buying...

What are the effects of a slowing real estate market on buyers and sellers?

A large portion of Ontario's residential real estate market has been cooled by a number of reasons, including higher interest rates, increasing inflation, and rising cost of living.

Recent reports from financial institutions indicate that rising interest rates are increasing the stress test mortgage qualification rate. The stress test, a computation used by lenders to determine whether a buyer can qualify for a specific mortgage,...