8 Friday, February 25, 2022brooklintowncrier.com You deserve more. See how we do more by downloading our sellers guide. www.BrooklinBrandon.com What should you expect when selling your home? You should expect to work with a company that specializes in local and global advertising. Our listing ads generate millions of views each year and our listings are automatically advertised on the top global sites in North America, Europe & Asia including WSJ and Mansion Global. You should also expect to work with a team that not only specializes in the local market but also has a massive database of local buyers. Our award winning team lives in and loves Brooklin. You should expect to work with the best. Last year we were awarded the Chairmans Circle - GOLD award putting our team in the top 3% of the BHHS network globally and earning the esteemed "Luxury Collection" designation placing us among the top tier of luxury Realtors. Brandon Hebert R E A L T O R ® 416-949-7529 hello@brandonhebert.ca www.DurhamsFinest.com Direct: 905 655 7236 Office: 905 239 4800 Eleanor King B. N. Realtor Maurice King B.E.D.S., B.Arch. Realtor What others are saying... "Trusted advisor!" | "Customer Focused!" | "Local Expert!" | "Professional!" | "Knowledgeable!" "Hard Working!" | "Accessible!" | "Dependable!" | "Patient!" | "Reliable!" "Well Prepared!" | "Honest!" | "Strong Negotiator!" "Superb Service!" Want to know what's happening in the market? Want to Know the Value of your House? Call Us Now! 905.655.7236 There is no cost or obligation! Your Trusted Source to Buy, Sell or Invest! 905.655.7236 view 1000's of Homes for sale at KingHomeTeam.com or KingOfBrooklin.com MARKETING YOUR HOME FOR ALL IT IS WORTH! *Existing homes + new construction, closed and pending for 2020. ** Photo similar to house to be built. Not intended to solicit those under contract. HELPING YOU NAVIGATE A SELLER'S MARKET Buyers and sellers alike will benefit from a solid strategy. The year kicked off with a flurry of predictions, with real estate experts forecasting steady price growth, demand continuing to outpace supply and interest rates poised to rise. So far, they're right on the money. The price of homes rose at a record pace in January, even as the number of sales fell from last year's peak to post their second-best showing for the month, according to numbers released by the Canadian Real Estate Association (CREA) on February 15. The national average home price was $748,450 - up 21 per cent from $618,587 a year earlier. "As expected, January was pretty quiet on the new listings side of things, with this year's first big new supply numbers unlikely to emerge until the weather starts to warm up a bit," CREA Chair Cliff Stevenson says. "The question is, 'Will that supply be overwhelmed by demand as it was last spring, or will we start to see the re-emergence of some of the many would-be sellers who have been hunkered down for the last two years?' Either way, it is shaping up to be another interesting year for the housing market, and your local realtor has the information and guidance you'll need if you are planning on buying or selling in 2022." Earlier in February, the Toronto Regional Real Estate Board (TRREB) released its much anticipated 2022 Market Outlook and 2021 Year in Review report. It forecasts the average selling price for all home types combined is set to climb to $1.225 million - that's an increase of about 12 per cent compared to last year. The latest consumer polling by Ipsos supports TRREB's forecast for 2022. Those who are fully committed to a home purchase will do so in 2022, whereas some of those on the fence may put their decision on hold. Detached houses remain most popular with intending buyers, especially in suburban areas. Also, according to Ipsos, the percentage of first-time buyers is likely to drop. The share of existing homeowners very likely to list their home for sale in 2022 will be down for the Greater Toronto Area. There still exists a vicious circle where homeowners will decide not to list because they fear they won't be able to find another home that meets their needs. What does all this mean for you? If you're a buyer, entering a seller's market can be intimidating because there are more buyers than properties for sale. With fewer listings to choose from and more competition, homes typically sell quickly, with multiple offers, bidding wars and over the asking price. But that shouldn't prevent you from looking for a home. The first step to navigating a seller's market is having a seasoned realtor who knows the current market inside and out on your side. We also recommend getting pre-approved for a mortgage. Doing so will let you know what you can comfortably afford and will lock in your interest rate for a period of time so you can shop with confidence. Getting pre-approved will also signal to sellers that you're serious. Know the type of house and neighbourhood you prefer and understand the features you need in a home and the ones that would simply be nice to have. Be prepared to move quickly on a home you like. Together, we can come up with an offer that's as attractive and uncomplicated to the seller as possible. If your offer and someone else's offer are similar but yours has numerous conditions and the other doesn't, that buyer will have the upper hand. Having a strong deposit and being flexible with your move-in date can also work in your favour. If you find yourself in a bidding war with one or more potential buyers, stay true to your budget. There are definite advantages to working with a realtor who knows the neighbourhoods that interest you and can provide insight regarding upcoming inventory. A well-connected realtor will often hear about properties before they land on the market. If you're planning to sell, you'll benefit from a solid strategy even in a seller's market. That includes staging your home (yes, it's an investment that will reap rewards, even now), pricing your house strategically, evaluating multiple offers and anticipating appraisal issues that might arise. Count on the King Home Team to complete the market research you need to make an informed decision and to negotiate ethically on your behalf. We look forward to putting our experience, knowledge and proven negotiating skills to work to help you realize your homeownership dreams! For an update on the market and how it affects the value of your home when you sell, Call us at 905.409.6730 SOLD OVER ASKING! Coming Soon! Bright Updated 4 Bedroom! Spectacular remodeled Kitchen! Quartz Island! Butlers Pantry! Formal Living/Dining. Renovated ensuite with Glass Shower. Skylight. Centrally located between schools and parks. Won't Last Long! Call or Text 905.409.6730 Thinking of making a Move? Call us 905.409.6730We have Buyers! SOLD OVER ASKING! SOLD PRIVATELY! SOLD OVER ASKING!