If you’re still sitting on the fence regarding whether it’s a good time to buy or not, here are the latest rates that I can get for you. Now is absolutely the time to pick up a pre-approval and lock in. Remember, your pre-approval rate will be guaranteed for 90 days, so even if the rates go up in April as anticipated, you’ll still be able to use these rates when it comes time to buy a home.
Contact me if you’re interested in getting these rates.
I‘ve been getting a lot of emails and inquiries regarding power of sales in Brampton. The current market conditions have created an influx of power of sales listings, and it seems like many people are interested in looking for a bargain. If you are interested in being included on my email list for power of sale listings in Brampton, please leave me a comment here with your price range and whether you are looking for a condo or a house, and I will set you up on the email list.
If you’re looking for power of sales in other areas of Toronto, leave me a comment with your criteria and let me see what I can do for you.
lang Hi Harpreet
What is your price range? As of right now, there are very few power of sales in Bolton, and they are above $500,000.
All the best,
Lang
lang Hi Richard
Unfortunately there are no power of sale listings in Bolton under $300,000 at this time.
Cheers,
Lang
Lately, I’ve been getting some inquiries regarding the option of buying a house with no down payment. In reality, there are no more ‘zero down’ mortgage programs available. However, there is a program that exists that is very similar and that can help you purchase a property with no money as a down payment.
It’s called a free down payment mortgage, and essentially the bank offers to pay your 5% down payment on your behalf when you qualify for a 5 or 7 fixed year mortgage. What will you need to qualify?
An employment record of at least 1 year at your current job
A credit score of at least 640
The current rate for a 5 year fixed zero down payment mortgage is 5.50%.
If you’d like more information on this program or would like to apply for a pre-approval, you’re welcome to contact me here.
lang Hi Niinii
Unfortunately, there really isn't much you can do unless you can find someone to co-sign on the deed that has good credit. Lending institutions are looking for either a large down payment, or an employment record with a good credit score. An individual who has no down payment and bad credit history is unlikely to find any lender that will take a chance on a mortgage.
Lang
lang You're most welcome, Meg. Glad the article was helpful. :)
The real estate market in Brampton saw a noticeable increase in activity last month. What’s interesting is that average sale prices for homes in the W23 district (west of Highway 410) went up and the time it took to sell a home dropped from 49 days to 40. In contrast, W24 (east of Highway 410) saw little change from the previous month.
In February of 2009, Brampton had 1,895 active listings on the market, 986 of which were new listings. There were 372 recorded sales in this month. Here is the break down according to areas in Brampton.
W23 (Any area in Brampton west of Highway 410)
Overall
Average sale price: $300,643
Median sale price: $287,250
Average number of days it took to sell a property: 40 days
Average % of listing price a property sold for: 97% of asking price
Detached Homes
Number of properties sold: 136
Average sale price: $330,694
Median sale price: $318,000
Average % of listing price a property sold for: 96% of asking price
Semi-Detached Homes
Number of properties sold: 49
Average sale price: $268,890
Median sale price: $268,000
Average % of listing price a property sold for: 97% of asking price
Condo Apartment
Number of properties sold: 5
Average sale price: $180,600
Median sale price: $180,000
Average % of listing price a property sold for: 95% of asking price
Condo Townhouse Number of properties sold: 14
Average sale price: $232,139
Median sale price: $240,000
Average % of listing price a property sold for: 98% of asking price
Attached/Row/Townhouse Number of properties sold: 19
Average sale price: $251,637
Median sale price: $245,000
Average % of listing price a property sold for: 98% of asking price
W24 (Any area in Brampton east of Highway 410)
Overall
Average sale price: $314,949
Median sale price: $311,000
Average number of days it took to sell a property: 43 days
Average % of listing price a property sold for: 96% of asking price
Detached Homes
Number of properties sold: 85
Average sale price: $370,333
Median sale price: $372,000
Average % of listing price a property sold for: 95% of asking price
Semi-Detached Homes
Number of properties sold: 30
Average sale price: $284,517
Median sale price: $277,500
Average % of listing price a property sold for: 96% of asking price
Condo Apartment Number of properties sold: 12
Average sale price: $146,442
Median sale price: $147,950
Average % of listing price a property sold for: 98% of asking price
Condo Townhouse Number of properties sold: 9
Average sale price: $190,333
Median sale price: $180,000
Average % of listing price a property sold for: 96% of asking price
Attached/Row/Townhouse
Number of properties sold: 12
Average sale price: $260,700
Median sale price: $277,500
Average % of listing price a property sold for: 96% of asking price
I‘ve always placed a lot of importance on taking great photos of every listing I get. With the advent of the internet and the popularity of MLS.ca, it’s crucial to have professional, wide angle pictures of your home to clearly illustrate the depth and features of each room. And as MLS.ca currently only allows a maximum of 9 photos per listing, it’s critical to make a good first impression to get homebuyers interested in seeing your home in person.
If you’re hiring a realtor, make sure to insist on having them hire a professional photographer to have wide angle photos of your house taken. Here is a great video I found on YouTube that shows you the striking difference between a regular point-and-shoot camera and a professional camera.
If you've found me through Google, you most likely used keywords such as brampton real estate, new homes in brampton, homes for sale in brampton, houses for sale in brampton, brampton homes, brampton condos, brampton real estate agent, and possibly one of many others.
My goal is to rank high on the #1 page of search results for these keywords so that I can get more exposure for your homes that are listed with me.
I believe the internet is unequivocally the best way to attract buyers to your home, as more and more home buyers are using MLS.ca (Realtor.ca) to search from the comfort of their own home, without the pressure of a real estate agent.
The purpose of this blog is to reach those internet savvy buyers and sellers and connect them here on my site.
Thanks for reading!
What Clients Say About Me
"Dear Lang, We just wanted to send our gratitude and extended thanks once again for your professionalism, on selling our home. We have dealt with many agents in the past and nobody comes close to the way you handled the complete transaction of selling our home.
You are one of the rarest real estate agents out there!!! One thing we hate are pushy sales people, that don't care about their clients and simply want to sell your house at the lowest possible price to sell fast and make their commission and leave.
You on the other hand were there anytime we needed you, and listened to exactly what we wanted and needed. You are very thoughtful, considerate and understanding, and on the ball at any time of the day we contacted you. And best of all you got us the price we wanted and deserved for our home.
We respect and appreciate all that you have done for our family, and we will definitely be contacting you for any real estate transactions we may make in the future." - Angela & Joe Clarke
"Congrats, Lang I wish you the best of luck! I like to thank you for what a great job you have done to help me and Tina sell and buy our home. You have gone way above and beyond your job functions. Not only are you honest and true, but you keep it real! You are down to earth and straight to the point kind of guy. Once again thank you for what you have done for us." - Daniel & Tina C.
"Lang, you did an awesome job selling our home and we're glad we called you back. Thanks for helping us out when we needed it the most. We recommend you anytime someone mentions real estate in Brampton." - Carrie L.
"We bought our first house with Lang and he actually helped us make informed decisions unlike other agents we talked to who were total jerks. If you're a first-time homebuyer, Lang does a really great job. And he's very honest!" - Kuljeet S.
Hi Tim It's currently at 3.80% for a 5 year fixed. Lang
please give me a quote for 5 year fixed rate.thanks