goodfellowsmansfield.com

By Evan Sage

Yes, there is a large group of people who have great opportunities in front of them right now. Some of them just don’t know it yet. Move up Buyers, First time buyers, Investors and Builders with cash for inventory are all in a good position to take advantage of this downturn market.

We are now seeing the best opportunities to purchase in several years. Competition for properties is low, interest rates are a bargain (3.99% for a 5 year fixed) and Canada looks like it will have the quickest economic recovery. Now is the time to make a move and create some wealth for your future.

If you look you can find a situation where you have a strong Toronto Real Estate Agent representing you and an eager seller or a property that has been on the market for a long time. Just make sure your agent is capable of negotiating and can prove that they have done so in the past.

The move up buyer is the person who currently owns their own home but is looking to buy a larger lot, a nicer home, something that is completely renovated or maybe leaving a condo for a house. It is true that you will lose money selling your existing home in the current market, but that is fine because you will be buying something at a higher price which will allow you to make back every penny of the loss and create new gains.

The real estate buyer who is in the best position is the one who was on the fence 6 months ago about whether or not they should buy a better home or someone who received a promotion or raise but has been too busy with the new job to execute a move. As long as you have some job security, now is the best time to make the jump.

If you bought your current home for $600K in 2007 and now you can maybe sell it for $500K. You have taken $100K loss. That is okay if you buy a more expensive home in the same market because the home that was bought for $1.2M in 2007 is only selling for $1M today. Therefore you make back the $100K you lost on the sale of your existing home plus you saved an additional $100K by buying in today’s market. The above mentioned situation will vary depending on your specific situation so be sure to work with your real estate agent to work out the exact figures to ensure it is a profitable move for you.

In central and downtown Toronto it does not seem like things are going to slow down much more, we are starting to see the surplus inventory dry up and there is a lag in new listings.

First time buyers are also in an amazing position to jump into the real estate market feet first. The official description of a first time buyer is someone who has never owned property before or has not had an interest in owning a property for at least 4 years.

There are a lot of government programs available to assist the first time purchaser. There are rebates for land transfer tax, both municipal and provincial, there is a tax credit to help with closing costs, and you can access $20,000 of your RRSP, tax free, for your down payment. And most importantly, at the introductory level there is a surplus of properties to choose from and negotiate for. The key is to have an agent who is not afraid to go in and fight for the best price for you.

Investment Buyers are also in buying heaven. Right now there are many homes that are available to buy that have multiple units in them. The rental market has stayed strong in Toronto proper and there are still a number of potential tenants filling the appointment books. This is the time to buy because you can lock in a low interest rate with a nominal down payment, which will allow all of the operating costs to be carried by the rental income.

The other segment of the investor buyers are builders. If a builder has sold off their finished products and are now sitting with cash in the bank they can buy up inventory at a good price for future projects and sit on them until the higher markets return.

In every market there are opportunities to be had, you just need to know where to look and be in the right position to take advantage of them.

About the Author: Evan Sage is an award winning

Toronto real estate agent

. Evan instills in his clients the confidence to make the right purchase or sale decision. He achieves this by demonstrating a superior knowledge of

Toronto real estate

and by providing a wealth of free resources on his website evansage.com to educate buyers and sellers in Toronto.

Source:

isnare.com

Permanent Link:

isnare.com/?aid=368496&ca=Real+Estate

By Abby Johnson

While playing outdoors for children are great fun, but kids get bored with the same activities over time. So an outdoor play structure can revive the fun and enjoyment for the kids and the entire family. Outdoor play structures are much larger in size and come attached with scope for many activities. If you are thinking of buying an outdoor play structure for your backyard, you could make yourself familiar with what is currently available in this play item category.

At the outset, it is important to know that there are a large variety of outdoor play structures available in the market today. These are available at your local home improvement stores, toy stores or any departmental store. A lot of retail outlets usually display these structures, so you can have a first hand impression of what this new large toy will look like in your own backyard.

Over and above your local stores, a large variety of outdoor play structures are available online. You may not be able to touch these structures, but you will be provided with detailed information about each piece aided by pictures. It is interesting to note that online shops have a larger variety of such toys than the local retail outlets.

While shopping for an outdoor play structure, whether online or at the local store, you will get to see a large selection of similar structures, all referred to as outdoor play structure. As you know by now that these are larger than normal toys and include multiple activities. Generally these structures include, over and above other activities, swing sets, playhouses, sandboxes and tree forts.

Because it is made of durable materials like plastic or wood, sand boxes are referred to as outdoor play structures. Sandboxes are available in various sizes, so you can choose the one which fits best to your size of the backyard.

Tree forts are another great favorite with children. Unfortunately you will find it difficult to find one in your local store or even online. This is because, tree forts are enormous in size. So if your child wants a tree fort and you cant lay your hands on one, or find it difficult to make it yourself, seek the help of a professional tree fort builder.

While tree forts remain an all-time favorite with children, you may not be able to afford one or there may not be any tree on your backyard. Instead you could choose a playhouse, which is more or less similar to a tree fort except that playhouses are placed on the ground. Playhouses also are available in a variety of styles and designs and are popular with both boys and girls.

Both tree forts and playhouses are suitable for small children. However, if you want to buy something which can be your childs companion as he or she grows, a swing set could be a great option. These are usually accompanied by swings, slides, teeter totters and monkey bars. You can get metal swings but for more durability and dependability, wood swing sets are the best.

Over and above the items mentioned here, there are numerous other outdoor play structures available. Whether you buy one or make one yourself, an outdoor play structure is a source of long time joy for children. The indoors will then become boring for them.

About the Author: Abby Johnson is a staff writer at

Kids Digest

and is an occasional contributor to several other websites, including

Lifestyle Gazette

.

Source:

isnare.com

Permanent Link:

isnare.com/?aid=109805&ca=Family+Concerns