Should you buy a home now or should you wait? That’s a big question on many people’s minds today. What timing is right for you may depend on a lot of personal factors but, here’s something you may not have considered: If you’re able to buy at today’s rates and prices, it may be better to focus on time IN the market, rather than timing the market. The Downside of Trying to Time the Market  Trying to time the market isn’t a good strategy because things can change. Here’s an example. For the better part of this year, projections have said mortgage rates will come down. And while experts agree that’s still…

Spring market is coming soon, and with it comes the perfect opportunity to make your real estate dreams a reality! With over 30 years of experience as a trusted real estate agent in the beautiful Niagara region, I've had the privilege of helping countless families find their dream homes and successfully sell their properties. Whether you're looking to buy or sell in the Niagara Region, my expertise and dedication are here to guide you every step of the way. Let's turn your real estate goals into a seamless and rewarding experience. Reach out today and let's make this spring your season of opportunity…

Why Putting Off Listing Until Spring Could Actually Cost You Money Are you thinking of selling your home and don’t want to wait until the housing market starts to heat up this year? The conventional, traditional wisdom would warn you off. The housing market doesn’t really heat up until summer, or so the experts in the housing market would say. They would also say something like, “People don’t really want to buy homes while the weather is still bad and listing your home in the winter just makes you look desperate.” It may well be conventional wisdom, and while it does come from years…

Life is, most certainly, a journey filled with unexpected twists and turns, like the excitement of welcoming a new addition, retirement and starting a new adventure, or the bittersweet feeling of an empty nest. If one of these events is changing in your own life, you may be considering buying or selling a house. Through all these life-altering events, there is one common thread—the need to move. Reasons People Still Need To Move Today Whether it is births, deaths, reaching the age of 65, marriages, or divorces, these big life changes are going to continue to impact people moving forward, even with the current affordability challenges brought on by higher mortgage rates and…

If you’re a homeowner, you might be torn on whether or not to sell your house right now. Maybe that’s because you don’t want to take on a higher mortgage rate on your next home. If that’s your biggest hurdle, understanding your equity may be exactly what you need to help you feel more comfortable making your move. What Equity Is and How It Works Equity is the current value of your home minus what you owe on the loan. And recently, that equity has been growing far faster than you may expect. Over the last few years, home prices rose dramatically, and that gave your equity a big…

While this isn’t the frenzied market we saw during the ‘unicorn’ years, homes that are priced right are still selling quickly and seeing multiple offers right now. That’s because the number of homes for sale is still quite low. To set yourself up to take advantage of this market, you need to rely on an agent. Only an agent has the expertise needed to find the right asking price for your house. Here’s what’s at stake if that price isn’t accurate for today’s market value. The price you set for your house sends a message to potential buyers. Price it too low and…

May stats are live! If you have any questions about the current market reach out at any time. I'm always happy to chat. (905) 321-6165

Welcome to the exciting month of June, where we celebrate National Homeownership Month! Whether you're a first-time homebuyer or someone looking to upgrade your current living situation, there's no denying the profound impact that owning a home can have on your life. In this blog, we will delve into the top five benefits of homeownership, highlighting the advantages that await you when you decide to invest in your property. So, let's explore why homeownership can be a life-changing experience!

Buying or selling a home is a massive undertaking that comes with a lot of choices. One of the most critical decisions you will make is whether or not to work with a realtor. Homeowners have always faced this question, and the answer ultimately lies in your preferences and situation. Whether it's buying or selling, each option comes with its benefits and downsides. At Tracy Phelan, We will be working for you every step along the way to ensure you receive the greatest possible price for your house in the shortest amount of time. In this blog post, we will examine the pros and cons of utilizing a realtor's services against buying or selling property by yourself. By the end, we are sure that you will be able to decide what suits your needs and avoid the possible pitfalls.

The Niagara Real Estate Market Report Month to Month, October 2022 vs September 2022 Month over Month, Niagara real estate has shown a small decrease in the benchmark price. The number of unit sales is slightly higher when compared to last month. This may be an indication of a trend towards stable pricing and sales in Niagara. Check out the monthly stats below: New listings in the Niagara Region were 1038 in October 2022 vs 1177 in September 2022, which is a decrease of 11.8% Residential home sales totaled 410 in October 2022 compared to 399 in September 2022, which is…

As a company working on real estate, we were getting a lot of work done over the pandemic. Many wanted to move from the city to the suburbs with city rent skyrocketing, and for the most part, they worked from their homes and were barely going to the office. We worked on understanding the clients we were working with and making suggestions based on their requirements.

Here's a Checklist for Working With a Mortgage Broker/Agent https://bit.ly/3gwfl9s Do you have any real estate questions? I'm always happy to help. Visit https://www.tracyphelan.com today!    https://www.fsco.gov.on.ca/en/understanding-mortgages/Pages/checklist-broker.html?fbclid=IwAR32oLRYgt303EwSlGxovlv5DzHOrFiNjdRFIGZFCxxu4tn3P_MSgrjpTBc

Deciding when to retire can be a big financial decision. Home buying and home sales are changing. It’s incredibly important to have a real estate agent who not only adapts with the changing times but evolves before it actually happens. Give me a call or send me a message. I can help you decide if downsizing before retirement might be the best decision for you and if the timing is right. www.tracyphelan.com