The 2018 RE/MAX Housing Market Outlook Report for Hamilton/Burlington, Ontario

2018 REMAX Housing Market Outlook-Report Hamilton-BurlingtonActivity was brisk in 2017 in Hamilton-Burlington as a strong local economy, relative affordability compared to the GTA and proximity to the amenities on offer in both Niagara and Toronto continue to attract buyers to the region. The OSFI mortgage qualification changes that come into effect in 2018 also motivated move-over buyers to leave the GTA and look for more affordable options in Hamilton-Burlington in the fall, particularly in the region’s upper-end market and entry level markets, and this is expected to continue in 2018. The condo market is also expected to experience strong activity in the new year from both single retirees and first-time buyers, while new-build townhomes are also in high demand.

Future Trends

The RE/MAX 2018 average residential sale price expectation for Hamilton-Burlington is an increase of approximately 4 per cent.

Activity in Hamilton-Burlington is anticipated to be brisk in 2018 as both first-time buyers and retirees are expected to drive demand and in turn, create opportunities throughout the market for move-up buyers.

Read the full Hamilton-Burlington report here

Looking to sell your home? Or buy a first time home, or move up, or downsize? Let Lori VanDinther, RE/MAX Sales Representative guide you through the process and help you make the right moves. With over 23+ years of successfully selling real estate in Burlington/Hamilton area, Lori has the experience and market knowledge. Contact Lori today.

Burlington Spencer Smith Park

Moving to Burlington, Ontario

Burlington is a wonderful city to live in. It’s relatively close to Toronto yet offers cheaper housing options, lower property taxes and a more nature feel to it. With the population on the rise Burlington is a vibrant city with many opportunities for all. Moving to Burlington has been in the minds of many people. But where do you begin? Below is some advice..

Research the neighborhoods

This is one of the most important steps of the moving process. Location is not only the key to your home’s future value, but to your own satisfaction of where you live. You want your home to be situated in an area that has the amenities you need daily. For example, if you need to be withing a walking distance of a grocery store or a school. Also consider the daily commute to/from work and see if there could be potential bottlenecks. On Google maps you can view traffic congestion at whatever times so use that to see. If parks are important to you, make sure there are some close by on the maps. Make a list of the potential neighbourhoods.

Find a local Burlington real estate agent

The entire moving experience, including home buying can be simplified and made easy with a proper realtor to represent you. You want someone who is well reputable in the area as a solid realtor you can trust. Someone who lives and loves Burlington. Read their reviews and reach out to your agent. They’re always happy to help!

Get pre-approved for the mortgage

Find a good mortgage broker in Burlington, early on in the process and let them help you figure out and sets your home budget. Each situation is unique that is why making an appointment would be recommended. During the appointment you can also ask related questions, for example about property taxes in Burlington and how they are actually among the lowest.

Prepare a Home Wishlist

Figure out what is essential, what would be nice to have and what is extra – and simply make a list. It will help you meet your home  budget, by allowing you to eliminate some things if need be. For example, a pool is nice to have, but a remodeled kitchen is a need to have. Which would you skip on if the budget was exceeding?

Get to know the neighbourhoods

Take your favourite neighbourhoods list and explore each one, not just in day but at night too. You want to get the full feel of the area at different times of the day. As you go along be observant and make an entry of what you liked or disliked for each neighbourhood you visit. For example, you didn’t see any nice parks near by, or the roads were really rough and the area wasn’t as you imagined. Or perhaps it’s even nicer than you thought. This kind of dialogue will help you narrow down the home search.

Find a Home and move in

Now that you have your budget figured out, neighbourhood picked out and a ideal home found. You want to put in an offer and finalize the deal. But the paperwork necessary to buy a home can be overwhelming. Plus all the other things you have to manage, like the move itself. It can be hectic. That’s why you need all the help you can get. That’s where your real estate agent helps out. They help during the offer process, closing day, viewings, utility connection appointments, etc.

If you are planning to buy a home in Burlington, best mid-sized city in Canada, and need some help in finding that ideal home, please don’t hesitate to ask us for help. That’s what we’re here for. We’ve connected hundreds of people with their ideal homes and we can do the same for you too. Call 905-330-2002 today or learn more about our Burlington real estate services.

Selling your home with Real Estate Agent

Why You Should Hire a Real Estate Agent To Sell Your Home

If you’re a homeowner and you’re thinking about selling your home, definitely hire a real estate agent. Although there are websites that will allow you to sell your home without the listing agent, by marketing your home as “for sale by owner” (FSBO). And although you may save some money by not having to pay a fee to the real estate listings brokerage – you may not be doing yourself a great service. It may not be your best move!

Understanding today’s real estate market and knowing how to sell your home for top dollar is not so simple. And it may not be something that many of us are prepared to do. There will be a lot of work in managing the sales process, ;legal work, papers, and in the end saving some money may not be worth it.

So why should you leave it to the pros?

Pricing your home

Real estate agents know best how to price your home. They have access to real statistics and data which allows them to perform a proper market analysis and look at the comparable homes. This is key, if you want to price your home right. This will also determine how fast you’ll sell your home and how much you’re going to get in the end. Don’t just settle for some website to tell you how much your home is valued. It’s a big sale transaction. Hire a professional. You’ll be glad you did.

Sales and marketing strategy

Selling homes takes effort. Not only does your home have to be de-cluttered, presentable and clean, but it also has to be listed, staged, shown to potential buyers etc. A real estate professional will take care of all that and more. They will take lots of good photos, make videos and put together effective home feature sheet. They will list the house on MLS, their own websites and social channels. They will hold open houses, setup for sale signs, do walk-throughs and deal with any positive or negative comments about your home. All this to get your home noticed by a potential buyer and sold for top dollar in a short time.

Negotiating and closing the sale

There is a lot of negotiating, paperwork and legal stuff that has to be done before a home is considered sold. Your agent will understand the process really well, and have experience to avoid common pitfalls. They will have access to a real estate lawyers to carefully review the purchase offers and conditions and offer advice. Your real estate agent will also screen potential buyers, to make sure that your home is going to be sold to someone who actually has the money or is pre-approved by the reputable mortgage lender — before taking the home off the market.

This isn’t an exhaustive list of all the duties and responsibilities that seller’s agent has to perform. A successful real estate agent usually has a team that coordinates the sale of your home from begging to the end. Also, your agent can also be helping you buy your new home or transition into something else.

Knowing that you’re in the right hands, when we’re talking hundreds of thousands of dollars, is a good feeling. Definitely hire a real estate agent when selling or buying your home. You can’t afford not to!

Thinking of selling your home in Burlington and surrounding area? Call Lori VanDinther, or visit loriv.com to learn more about her home selling services.