Faris Team CEO and Broker, Mark Faris, says that thanks to last week's boost in inventory, Orillia, Midland and areas are reporting increased sales. New listings to homes sold remain neck and neck, which keeps months of inventory low across all markets: Midland sits at 1.0 and Barrie and Orillia at just 0.7.
There are many active buyers looking for their next home right now, but inventory is low and multiple offers are common. It can be stressful making an offer on a property you’re in competition for, but there’s more to winning a bidding war than having deep pockets. Here are seven strategies to help you navigate a market crowded with buyers.
Faris Team CEO and Broker, Mark Faris, says that eight properties sold over $1M in Orillia and area this week, bumping the average sale price way up to over $800K. Although this market has seen healthy activity for some time now, we'll likely see that number regulate next week.
It’s never anyone’s plan to get sued, but it happens. Selling your home is a legal transaction, so don’t turn a blind eye to details, or lack of details, that may lead the buyer to ask bigger questions about the deal they just made.
Last year, many Canadians unexpectedly had to work from home which resulted in millions of pop-up work spaces in their kitchens, bedrooms and living rooms. In response, the Canada Revenue Agency (CRA) has made the home office expenses deduction available to more Canadians, and simplified the way employees can claim these expenses on their personal income tax return for the 2020 tax year.Here’s what you need to know about claiming home office expenses this tax season.
Faris Team CEO and Broker, Mark Faris, says new listings are up again this week, but sales are keeping pace. The result? Months of inventory are at historic lows, telling us it would take just weeks to sell through all active listings if nothing new came on the market.