How to Sell Your Home in a Seller’s Market – Montreal

In the past year, Montreal has rapidly shifted from a buyer’s market to a seller’s market. With more buyers competing for fewer homes, homeowners are more likely to see high appreciation rates, bidding wars, and offers over the asking price. Generally speaking, homes sell much faster when market conditions favour sellers. With the right strategy, sellers can take full advantage…

Clients Ask: Is it True That Homes Are Selling At A Record Pace in Montreal?

This week, we received a question about Montreal’s market conditions. Q: I read that the market currently favours sellers in Montreal, and sales activity is at a record high. Does that mean that homes are selling faster too? How fast can I expect my home to sell in 2018? A: It’s true that Montreal’s real estate market favours sellers in…

Calculator: How Long Does it Take To Sell A Home in Montreal?

One of the first questions we receive from sellers is how quickly they should expect their home to sell. Estimating “days on market” is important because it allows the seller to plan their next move, whether it be upgrading, downsizing, or temporarily relocating to a rental. In a “seller’s market,” it could take as little as a week for a…

7 Surprising Things That Can Lower Your Home’s Value

Home value is based on many different factors, including location, square footage, and individual property features. Whether you’re looking to protect your home’s worth or want to list it for sale in the near future, it’s a good idea to understand what influences your selling price. Here are seven surprising  things that could scare away potential buyers and devalue your…

Montreal Residential Property Tax Rates by Borough: 2018

Earlier this year, Montreal’s 2018 Budget disclosed the latest property taxes per borough. Tax rates increased in almost all areas, due to a global hike in the water tax rate. The average residential tax in the new budget increased by 3.3 percent, with some neighbourhoods seeing an increase as high as 5.6%. The new budget, which will rise by 5.2%…

How to Calculate Equity in a Home

Home equity is the difference between the current market value of a property, and the total amount of debt registered against it, including the mortgage. In other words, equity is the part of the home that the homeowner truly owns. If the homeowner were to sell the home before the end of their mortgage term, the equity would be the amount they…

Buying and Selling a Home in a Seller’s Market

In the past year, Montreal has switched from a buyer’s market to a seller’s market. This means more competition, higher prices, and potential bidding wars on available listings. In short, it’s currently easier to sell a home than to buy one. Homeowners in a seller’s market have to face a dilemma: on one hand their home is worth more than…

Selling a Property on MLS vs Selling Privately

Reading Time: 2 minutes, 30 seconds When deciding to sell a home or an investment property, you will have to choose between listing the home on MLS, selling on your own on an FSBO website, or a private sale with the help of a broker. Each options appeals to a different type of seller, and comes with its own advantages…

Advantages of Selling a Property Privately, Off Market

Reading Time: 2 minutes, 30 seconds There are multiple reasons why a seller would want to avoid listing their property publicly on Centris, while still engaging the help of a real estate professional. Selling privately / off-market is a common practice when it comes to luxury homes, as well as commercial investment opportunities. By marketing your home privately, you can…

When Is The Right Time to Sell Your Home?

Reading time: 3 minutes, 58 seconds Most homeowners don’t plan on living in their first home forever, but choosing the right time to make the switch can be a challenge. Without a pressing reason to put your home on the market, it can be difficult to know for sure when you’ve outgrown your current living situation. Here are six questions…

FSBO Vs Selling with a Broker

Estimated reading time: 3 minutes, 11 seconds. Should you hire a real estate broker, or try to sell your home on your own? For first-time sellers, this might be a question on your mind. There are many factors to consider before making the decision to use an agent or to put up your own yard sign. Here are a few of them:  1. Are you…

Should You Work With a Broker to Sell Your Home?

Estimated reading time: 1 minute, 12 seconds. You have two options when selling a home: working with a real estate broker, or attempting to sell on your own. While you may save on commission by going solo, real estate transactions are very complicated and will consume a lot of time, energy, and possibly money as well. Between the evaluations, real estate photography,…

Tips for Selling a Home in Winter

Reading Time: 4 minutes 25 seconds Although many sellers shy away from listing their home in the winter months, there are two big advantages to a winter sale: 1. Motivated buyers Buyers shopping for a home from December to April tend to be more committed to the purchase. Chances are if they request a visit at your home, they’re not “just looking”, like some people…

Seller’s Checklist: 10 Steps to Selling a Home

Reading Time: 3 minutes, 24 seconds  If you’re planning on selling your home in the coming months, this checklist will take you through the step-by-step process you should be following. 1. Determine whether you’re ready to sell. Think about your goals and plans for the next 5 years. Weigh the pros and cons of selling your house. Are you selling and buying at the…

5 Easy Ways to Increase Your Home’s Value for Under $1000

Reading Time: 2 minutes, 7 seconds. Not all renovation projects will increase the resale value of your home. If you want to increase your profit potential, strategic home improvement ideas in these five categories — all of which will cost you under $1000 — will give you the biggest return on your investment. 1. Painting your walls Cost: $1000 per 500 square feet for a professional…

How to Take Amazing Real Estate Photography

 Reading Time:4 minutes, 19 seconds First impressions matter, especially when your home’s sale is at stake. While a picture may be worth a thousand words, a photo of your home could be worth thousands of dollars! The majority of buyers start their house-hunting process by browsing through available listings on Centris and other real estate websites, and making snap judgments about which…

Increase Your Home Value Quickly and Cheaply

Selling a home in a buyer’s market can sometimes put sellers at a disadvantage when it comes to receiving high offers. But luckily, there are easy and cheap steps a seller can take to automatically boost the value of their homes. These 5 pointers can help sellers list at a higher asking price, without having to take out a home improvement…

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