|Newsletter- August, 2010|
|Hot Investment property. Best time to buy!|
Now is the Time!
First of all I would like to thank you for your continued support which has made me the #2 agent in my office*. Thank you so much for your trust in me.
I hate to say it, but if you are thinking of buying, it’s a great time to do it. The first seven months of 2010 have been an extremely busy time. The total number of sales was up 12% over the same period last year and the average selling price was up 12 % as well to $432,253. You might think that after such a hot market, you should wait and see what happens, a natural reaction.
What created the frenzied market of 2010? There were several factors. An increase in mortgage rates, the anticipated HST tax increase, a low inventory of homes and a continuing strong economy all resulted in one of the hottest markets Toronto has ever seen.
With the Spring Market over, we have entered into a very hot and dry Summer. Many real estate agents as well as Buyers and Sellers have decided to rest and enjoy the weather, to get back to house hunting in the Fall. That means that in the Fall, the same conditions that created multiple offers and bidding wars, (low supply of available homes for sale and many buyers) might repeat themselves.
In the peak of the market, 1 out of 2 houses were selling. Today it’s 1 out of 4! That means that as a buyer you can find the right house, take some time to think about it and I have the time to put my negotiating skills to work for you to make sure you get the house you want at the price and terms you need.
I would love to take off this Summer, but as the old saying goes, “make hay while the sun shines.” Right now I am working because it is best for my clients.
If you are even considering buying later in the year or have a friend or relative thinking about it, let’s get together and let me show you why NOW, is the time!
Enjoy August, and remember, I am never too busy for your referrals.
Triple “A” Real Estate in the St. Lawrence Neighbourhood
|Post House Condos
Neighbourhood: Steps from city’s financial district and entertainment district, George Brown College, St. Lawrence Market and all the shopping in the area. Here you’re surrounded by it all, in an urban playground that’s open 24/7 and all just a quick stroll away from both the King and Union subway stations.
Amazing Price starting from $488/Sq.Ft. (now a days what can you get in downtown for this price???)
1 Bedroom from $257,990
1 Bedroom + Den from $297,900
2 Bedroom from $346,990
Downpayment: $3000 with the offer, Balance of 5% in 30 days, 5% in 90 days, 5% in 180 days, 5% in 365 days. Total investment/deposit of 20% in a year.
Occupancy: August 15, 2014
For more information Visit www.SunnyBatra.com/PostHouseCondos