Ready to sell your home in Brampton? We have a piece of good news for you. According to a recent report by Toronto Regional Real Estate Board (TRREB), the COVID-19 pandemic didn’t have a very big impact on the real estate business in the Brampton, Ontario neighborhood. With immigration resuming as things start to stabilize, the stats of property sales are expected to shoot up even further. The market is roaring. It seems to be a great time to put your home for sale if you are in Brampton West, Ontario.

We are top real estate agents in Brampton and Mississauga. Contact us now to get some information on the best time to put your home for sale as per your location. We can also get you some of the most profitable deals to sell your property. You can also get listed on our website which will help you get in touch with the potential buyers in an instant.

In this article, we are listing a few most effective ways to sell your home in Brampton. We’ve gathered this knowledge only after our elaborate and rich experience in the real estate industry.

1. Get your home selling basics cleared:-

When you are ready to put your home for sale. It gets important for you to understand the what’s and how’s behind it. Get your basics cleared. Learn about how your home’s location, size, type, market forces, season, etc. can affect the whole selling process. For example, homes in the happening neighborhood tend to sell faster and at high price deals in almost all seasons. Similarly, homes tend to sell more in the spring season as compared to winters. But, all of these factors are very situational. It’s better you do some research and learn how each factor can affect your deal.

2. Choose the right realtor:-  

There is a confusing world out there that advises you to avoid hiring realtors and DIY your way to home selling. But, it’s confusing for a reason. It tells you to do it yourself but it doesn’t give you complete information on how to do it and leaves you to figure things out on your own.

From listing your property, hefty legal paperwork, finding the right and verified buyers, hitting the most profitable deals, choosing the right method of payment, home selling is a long tiring process! Which demands someone experienced and committed to carrying it out. If you are selling a property for the first time or you are ever so slightly confused while selling your home then get in touch with us. We are Brampton’s award-winning low commission realtors. Our aim is to help our clients make the most profitable deals so that they can lead a life to a better future.

Hiring a realtor is one of the easiest and quickest ways to sell your home. You won’t have to do anything. Just sit back, relax and see us bag you the highest paying deals with complete legal paperwork and verified buyers.

Let us help you.

3. Let's focus on the home itself:-  

It sells if it looks good. Like everything else in the world, good looks apply to your home as well. Get in the shoes of the buyer and try to look at your home from their eyes.

You might be emotionally attached to your home and to every broken sink and rusty wall. But as a buyer when you are buying a new property. In addition to other factors lie locations and size. They also look for how well maintained the home is and how much money they’d have to spend on maintenance.

Generally, homes that are maintained, clean, and in a good condition sell the fastest.

So, if you have a broken sink or a plaster ripping off the wall then consider getting it fixed. Make the house presentable. Tie a story to it through the home interiors and aesthetics. You can add up whatever costs you incur on maintaining the home to the selling price. But, first, add appeal and make your home like something anyone would want to live in.

4. Let your realtor works their magic! :

Top realtors in Brampton, including us, do all the heavy weightlifting for you when it comes to selling your property. We are constantly updated on the market trends which help us find you the best deals. We also estimate the right value of your home after considering all the factors. And, we don’t rely on plain old advertising to sell your property. Our connections, databases, and customer base helps us find the right buyers for you almost instantly. We work in your interest. Our main aim is to make this process quick, hassle-free, and profitable for you.

It has been more than a year and we all are still held captive by the COVID-19 pandemic. Our life has been on hold since then. The pandemic has not just affected our personal lives, it has impacted various sectors harshly. There are several industries in Canada fighting for survival. However, we cannot say the same for the Canadian Real Estate market. Despite one of the worst economic crises across the world, the sector has shown growth. Statistics show that the housing sector remain quite active during the last 2 years across Canada.

Major Factors Responsible for the Growth

1. Pandemic has forced people to work from their homes. The mind-set of people has changed with the lifestyle changes. People are spending a maximum of their time at home and are getting inclined in moving to suburbs, away from the fast life. The pandemic has changed perspective and brought people closer to their roots. They are looking for bigger and comfortable houses where they can live a healthier life and work efficiently without any issues. It is expected that the trend of moving outside the city will continue for some time.
2. Despite an increase in real estate prices, people were still investing as their saving capacity has increased during the pandemic period. As there was no place to go, no shopping, no travel anything, people were not making unnecessary spending and were saving more.
3. The Canadian government also started income relief programs and has lowered interest rates resulting in an increase in customers’ purchasing power. At the start of 2020 after the economic crisis, the bank of Canada lowered its lending rate to 0.25% which is still the same. It became easier for consumers to afford mortgage rates.

New Homes Prices in Brampton

Prices of new homes in Brampton have been rising upwards and in Spetember’21 the rates touched have never been this high.  Homes in Brampton have been sold on an average price of $1,072,988 in Spetember’21. This has shown increase of 1% from last month and 24% approximately from last year. Such an increase in the prices of homes in Brampton has impacted sales. The transaction has decreased by 3%as compared to last month i.e. August’21 and 25% as compared to last year.

In Brampton, prices for any type of home have been increased. Be it detached or semi-detached type of homes in Brampton, prices of all the types of the home have been at the height. Prices of detached houses showed a growth of 2.85% and semi-detached has shown an increase of 2.0% in a month. Average prices of Townhouse in Brampton have also increased and showed growth of 4.65% since last month.

Major Takeaways

1. Canadian real Estate sector has broken all the past records and touched new heights in 2021 despite the pandemic, especially in immigrant-dominated cities.
2. If we go by statistics shared by the Canadian Real Estate Association average home rates in Canada are predicted to increase by 16.5% annually.
3. After the pandemic, a switch in lifestyle choices has increased the movement of residents towards suburbs or outside the city.
4. Canadian government started various employment relief programs during pandemics to give economic support to citizens.
5. Lending rates of Canadian banks were dropped significantly increasing purchasing power
6. Increase in demand of first-time buyers
7. It is predicted that the real estate sector will keep its pace as the economy is starting to recover financially.

After COVID 19 has impacted market conditions and the country’s economy terribly and it has become difficult to predict anything with surety. However, the real estate sector in Canada has shown remarkable growth and the future seems promising. Sector experts and researchers are confident that the trend will continue for the coming months. It is difficult to predict long-term real estate market trend as once the situation come under control the borders will open and immigrants will be able to travel abroad. This will impact the real estate market adversely especially in immigrant populated cities of Canada. It will affect Canada’s economic growth. The vaccination drive is getting pretty strong and there are chances that the economy gets better resulting in changes in future interest rates.    

MLS (Multiple Listing Service) Statistics show that the average cost of a home in Brampton is $1,086,502. MLS statistics benefit both sellers as well as buyers. It is a system used by Canadian Real Estate Boards / Associations. Real estate agents come together and develop a database by listing out all the properties ready for sale. This database is named MLS Listing. Any broker can access this database and find available properties in their respective localities.  

While purchasing, selling, or investing in a home in Brampton, it is good to consult a real estate firm that can guide you in the matter. It is wise to have a safety net against any type of financial loss. One of the top real estate agencies across Brampton is Team Ash Tewary. They focus on creating wealth for their clients using the real estate sector. They can help you in getting the most suitable deal when it comes to selling or purchasing a home in Brampton.  They have a team of awarded real estate agents who are well aware of the latest news related to the sector. They have their own set of researchers who focus on analyzing market trends and help you in cracking the most profitable deals in the real estate market. They put effort and helping their clients in cracking deals that are difficult to grab. They are specialized in understanding the local market situations and thus are the best option when you are looking for buying, selling, or investing in real estate in Brampton. You can easily select the location, type, and specifications of property at the Team Ash Tewary website and choose the most suitable deal as per your budget. 

Are you planning to sell your house? And has the thought of negotiation been giving you sleepless nights and unnecessary stress? Bargaining for the best deal, that is value for your house can be a little tough. The buyer always tries to get the best deal and tries to have an upper hand, and somewhere they succeed as well. But you can have an upper hand with our seller guide. You can consider this as a competitive game wherein you just don't have to rely on your physical tactics but also on your mental strategic tactics as well.

If you are planning to sell a house, you must understand that most of the mistakes and blunders happen during the negotiation phase itself. Never think of making a profit in a short time. This usually comes with a setback. An unprepared negotiation is always accompanied by losses. If you are dealing with house and property sales, you need to understand the market dynamics and the negotiation tactics and the most important tactic is to never be too adamant when negotiating or else you would miss several good offers.

The aim of your negotiation as a seller should be selling your house at a good price rather than closing the deal and getting done with the sale at the earliest. You as a seller should know that houses rarely go off at the initial price asked by the owner or the seller. Therefore, negotiation is considered an intrinsic factor in the sale/ real estate market.

Irrespective of the size of the property you are dealing with for sale, stress, and uncertainty are bound to happen. But this doesn't mean you step back. It's time for you to take a sigh of relief. We have gathered some of the basic negotiation tactics that you can use as a seller. This will prove as an excellent guide and help you grab the best deal. No doubt you cannot become a negotiation expert but surely you can learn a lot from this.

Tips for negotiation: - How to Negotiate the Best House Sale Price

Before you put your house up for sale, you should be well aware of the asking or the listing price that is found around in the market and your area. This is an important aspect when putting your house for sale. You need to set a listing price for your house accordingly. This price should fit the broadest range of buyers and at the same time be profitable for you as well.

This asking price is decided by several factors: the location of your house, the age, and size of the property, the present condition of the house as well as the market value, the facilities in the neighbourhood of the house. Just remember never to set the setting price of your house too low. Doing so will make the negotiation tougher than expected.

Here are a few of the basic negotiation tips that you can use when selling a house.

Keep yourself well informed - Keeping yourself well informed of the real estate market dynamics, including the current capital value of your house, past price trends, and prevalent market trends can help you plan accordingly for your negotiations. It is advisable not to offer any leverage to the buyers which can be used against you. Never disclose the reason for selling your house, nor any financial issues that you or your family are going through. All of it can be used against you and will pave the way for the buyers to negotiate for their benefit. It is also advisable not to disclose the deadline by which you intend to close the sale. Avoid showing desperation in front of your buyers, this will show your urgent need to finish off the sale and close the deal.

Avoid rejecting every offer - Our experts suggest that it is advisable not to reject the offers proposed by the buyers without even giving them a second thought. If you are not sure about the offer proposed by them, or you don't understand it, take time to think over it. Do not reject it right there. Sometimes this nature of yours will make the buyers think of you as an arrogant person and will eventually make them lose interest in your property. This will prove to be disastrous for you not just for that buyer but in the market as well. Because they are the same ones who are responsible for the mouth-to-mouth promotion of your house that you have put up for sale. Try being polite and giving thought to the offers proposed, this will pave the way for more interested buyers and help you get the highest possible price.

Be polite - Being polite is the key to negotiation. Respect everyone linked to the sale of your house be it the buyers, their estate agents, or your professional sale advisors. This will help you win the trust and confidence of the buyers. It is advisable to keep yourself low, and never make yourself appear rude or brash. This will make your negotiation look ugly. Even if your deal gets cancelled, never lose your calm. Because if buyers get offended, it can be disastrous for you.

Emphasize the value being offered - In case your asking price is too high you can try diverting the attention of your buyers from the price to the values of your property. It means you should try distracting them with the amenities and the facilities that you are offering along with the house. Create such an aura that when your buyers visit your house before closing the deal, they find themselves emotionally connected and then you can emphasize the value rather than the price.

Why waste time, arm yourself with these tips and tactics to make your negotiation go smoothly. In case you still don't feel confident enough you can hire a professional expert or an advisor. Team Ash Tewary can help you break the deal on your behalf.

• We all have suffered a lot during and post-pandemic. We have suffered physical or financial or both losses because of pandemics. One of the sectors that have seen growth during the COVID-19 time is real estate. The real estate industry has boomed in the last two years and is still showing a growing trend. If you are looking for buying a home and are still confused to buy a completed or pre-construction home, keep reading. The blog discusses in detail the pros and cons of purchasing pre-construction homes in Canada.

Concept of Pre Construction Homes in Canada?

Pre-Construction homes are houses that you can purchase even before construction has started. The builder sells most of the units before starting construction in order to build finance for construction. All types of homes are available be it High-rise or Low-rise. The cost of these types of houses is less as compared to finished properties. You start paying the builder down-payment before construction has started and once the property is complete you will get possession. Although completing and delivering the same will take a few years as agreed in the agreement. Mostly the builder starts selling units approximately 4 years prior to the completion of the units. The trend shows that the interest of people is increasing in pre-construction homes in Canada. Still one must understand the benefits and risks involved with pre-construction homes in Canada before investing.

Pros of Pre-Construction Homes in Canada:

• Cheaper than completed houses.
• Value after completion will be increased.
• The deposit structure in pre-construction homes is pre-longed. The down-payment you have to give is divided into 0 installments that you have to pay in a few years. You don’t have to pay the whole amount in one go.
• It gives you an opportunity to save more money till the time you need to pay your installments.
• Better management of finances as you know the time and amount of installment you need to pay.
• Pre-construction homes give you the opportunity to invest your funds and earn on the same.
• The property rate will hike every year. However, you buy property at the current rate and will be fixed for you. If we go by the trend, In Canada rate of property increases by 5% every year. As it will take 3 to 5 years approximately till you get finished home, the rate of property would have increased significantly.
• Construction, maintenance, and managing the property till possession is not your headache.
• You can bargain and get pre-construction homes at the best rates as competition is high
• You can get high rates if you want to resell or rent an unused new home.
• You can avail of some tax benefits on the purchase of pre-construction homes in Canada
• It is not required to show the purchase of pre-construction property in your credit report
• You don’t have to pay the mortgage till the builder handover your finished property. 
• There is no need of taking a mortgage loan or insurance till you get the property.
• In case the builder fails to complete the project and fails to deliver, He will be obliged to give back all the amount you have paid under Condominium Act.
• If you are purchasing a pre-construction home for the first time, it is important that you have a clear understanding of the concept and what precautions you need to take. There are numerous real estate agents in your area who can help and guide you through the entire process. They will also help you if you want to resell or rent out the finished property. There are a few risks involved that you must consider while purchasing pre-construction homes and they are:

• You are taking risks by purchasing the house on the basis of drawings and sketches not by physically seeing the finished property.
• Once the property is finished, you have to pay maintenance charges and share utility bills with other owners apart from purchasing costs.
• It is important that you buy pre-construction homes from a trustworthy and experienced builder, otherwise there is a possibility that you do not get what you are promised for and within the agreed time period.
• There is a possibility of delay in handing over the finished unit because of some unavoidable circumstance related to labor scarcity or natural calamities etc.
• There are some additional expenses that need to be considered like taxes for land transfer, legal costs, and other closing costs.

Tips to Avoid Pre-Construction Home Mistakes:

• Select a trusted and renowned builder
• Visit sales centers and explore as much as you can about the project
• Ask as many questions about the project and clear all your doubts. 
• All pre-construction homes are not the same. Before making an investment, it is important that you have clarity about the neighborhood, possible property rates in nearby areas, and what you will be getting once the property is ready for possession.
• Give extra attention to infrastructure details like ventilation, flooring, furnishing, amenities, etc.
• Visit other buildings or houses built by the selected builder and see if they match your requirements and meet your expectations or not.
• As per Canadian law, you have 10 days cooling-off period that allows you to cancel the agreement if you change your purchasing decision.

There are a lot of things to consider and analyze before deciding you want to buy a pre-construction home or not. One of the renowned and trusted realtor firms is Team Ash Tewary. Our team first evaluates your financial health along with financial goals and then suggests you best real estate option for you. Our expertise is not limited to only finding suitable properties, we help you with negotiations for getting the best rates and also help you in crossing hurdles throughout the process till you get possession of a pre-construction home in Canada.