New taxes on foreign purchases, the start of the red hot Spring listing season, and continuously increasing demand for housing is reinforcing the GTA’s already rock solid seller’s market. The number of new listings has increased massively as of April 2017, with the latest figures showing a 33% upswing.
Homeowners who were previously reluctant to sell are now doing so in large numbers, recognizing the huge windfall potential of this historic market. For the time in many years realtors are reporting huge floods of new homes on the market which means more choice, flexibility, and less worry for buyers. Many buyers who have lost out on ferocious bidding wars and who have been waiting to buy will find it much easier to do so today and in the future.
As Tembo has previously written in a past blog, this is the best seller’s market in the history of the GTA. Never have low interest rates, a stable economy, and massive demand coincided with such force before.
If you are a homeowner looking to sell your home for a maximum return, this is time to do so. If you plan on closing a sale several months off into the future and need a deposit to purchase a new home or to downsize right away, Tembo can help. We provide equity advances on your sold property, so waiting for your closing date to get your money will now be a thing of the past. We do equity advances quickly, efficiently, and with the best customer service. We can have your funds ready in as little as 48 hours. Tembo takes the worry out of waiting for your money.
If you want to sell but realize your home could use a renovation to boost your sale price, Tembo can help. We offer short term loans for renovations, can provide the funds fast, and can help you see an even bigger return in this supercharged market. Studies show that a $25,000.00 renovation can increase the sale price of a house by over $100,000.00.
Have you sold your home, and now can use an advance on your equity before closing day, perhaps you need money for renovations? Tembo Financial can help! Tembo offers this unique service to homeowners in Ontario and the GTA. You could receive your money in as little as 48 hours with no credit check and no appraisal* for expenses that matter to you. Don’t wait, start today!