Mehran Redjvani Broker
141 King Rd., Suite 11 L4E 3L7 Richmond Hill, ON, Canada

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Though interest rates may not seem like the most crucial aspect of the buying and selling process for many homebuyers, the truth is that interest rates can have a profound effect on the real estate industry. Because most homes are purchased with loans like mortgages, interest rates can drastically alter the value of a home, supply, demand, and return rates. Understanding how interest rates can impact these things will help homebuyers and sellers make smarter real estate choices.

When looking to buy a new home, you should make sure that you have a budget in mind to keep you and your finances secure. However, even if a home you love is outside your price range, you should not give up hope. Making an offer lower than the listing price can be a beneficial practice. Still, it is important to take steps to determine an appropriate amount and assess whether your offer will be genuinely considered.

Selling your home can be a challenge, especially if you are hoping to make a quick sale. There are plenty of valid reasons to want to sell your home quickly, and fortunately, you can take steps to increase the likelihood that your home will sell.

The impact of the coronavirus pandemic on the real estate market has been significant. As the government continues to contain the virus’s spread and supports the market, we are approaching a time when it may be a good idea to put your house on the market.

The current pandemic has necessitated the integration of adaptive and innovative solutions, especially in the real estate industry. Open houses and individual tours are no longer possible due to social distancing and stay-at-home orders. While the way things are certainly hinder traditional methods used in real estate, technology affords some workarounds that have already helped facilitate home sales.