Katrina & The Team | BlogRecently posted or modified blog postshttps://www.katrinaandtheteam.com/blog/Copyright KatrinaAndTheTeam.com2024-01-31T14:18:05-07:00tag:katrinaandtheteam.com,2012-09-20:17962Coming Soon Listings By Katrina & the TeamComing Soon Listings By Katrina & the Team
All Upcoming Listings
Stay ahead of the crowd! These properties will be coming to the market soon
<a href="https://www.katrinaandtheteam.com/#listing-1"><img src="https://assets.site-static.com/userfiles/3653/image/_Coming_Soon/2202-3771_Bartlett_Court.jpg" alt="2202-3771_Bartlett_Court" style="padding-right: 20px; padding-bottom: 20px; float: left;" width="225" /></a>
<a href="https://www.katrinaandtheteam.com/#listing-2"><img src="https://assets.site-static.com/userfiles/3653/image/_Coming_Soon/303-15895_84_Avenue.jpg" alt="#303-15895 84 Avenue" style="padding-right: 20px; padding-bottom: 20px; float: left;" width="225" /></a>
<a href="https://www.katrinaandtheteam.com/#listing-3"><img src="https://assets.site-static.com/userfiles/3653/image/_Coming_Soon/9921_134_Street.jpg" alt="9921_134_Street" style="padding-right: 20px; padding-bottom: 20px; float: left;" width="225" /></a>
<a href="https://www.katrinaandtheteam.com/#listing-4"><img src="https://assets.site-static.com/userfiles/3653/image/_Coming_Soon/19054_117B_Avenue.jpg" alt="19054_117B_Avenue" style="padding-right: 20px; padding-bottom: 20px; float: left;" width="225" /></a>
<a href="https://www.katrinaandtheteam.com/#listing-5"><img src="https://assets.site-static.com/userfiles/3653/image/_Coming_Soon/15504_100_Avenue.jpg" alt="15504_100_Avenue" style="padding-bottom: 20px; float: left;" width="225" /></a>
<a href="https://www.katrinaandtheteam.com/#listing-1">#2202-3771 Bartlett Court</a>
<a href="https://www.katrinaandtheteam.com/#listing-2">#303-15895 84 Avenue</a>
<a href="https://www.katrinaandtheteam.com/#listing-2">9921 134 Street</a>
<a href="https://www.katrinaandtheteam.com/#listing-4">19054 117B Avenue</a>
<a href="https://www.katrinaandtheteam.com/#listing-5">15504 100 Avenue</a>
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<a href="https://www.katrinaandtheteam.com/#listing-6"><img src="https://assets.site-static.com/userfiles/3653/image/_Coming_Soon/414-8328_207A_Street.jpg" alt="#414-8328 207A Street" style="padding-right: 20px; padding-bottom: 20px; float: left;" width="225" /></a>
<a href="https://www.katrinaandtheteam.com/#listing-7"><img src="https://assets.site-static.com/userfiles/3653/image/_Coming_Soon/31-13886_62_Avenue.jpg" alt="#31-13886 62 Avenue" style="padding-right: 20px; padding-bottom: 20px; float: left;" width="225" /></a>
<a href="https://www.katrinaandtheteam.com/#listing-8"><img src="https://assets.site-static.com/userfiles/3653/image/_Coming_Soon/47-7250_144_Street.jpg" alt="47-7250 144 Street" style="padding-right: 20px; padding-bottom: 20px; float: left;" width="225" /></a>
<a href="https://www.katrinaandtheteam.com/#listing-9"><img src="https://assets.site-static.com/userfiles/3653/image/_Coming_Soon/7081_196A_Street.jpg" alt="7081_196A_Street" style="padding-right: 20px; padding-bottom: 20px; float: left;" width="225" /></a>
<a href="https://www.katrinaandtheteam.com/#listing-10"><img src="https://assets.site-static.com/userfiles/3653/image/_Coming_Soon/11885_99A_Avenue.jpg" alt="11885_99A_Avenue" style="padding-bottom: 20px; float: left;" width="225" /></a>
<a href="https://www.katrinaandtheteam.com/#listing-6">#414-8328 207A Street</a>
<a href="https://www.katrinaandtheteam.com/#listing-7">#31-13886 62 Avenue</a>
<a href="https://www.katrinaandtheteam.com/#listing-8">#47-7250 144 Street</a>
<a href="https://www.katrinaandtheteam.com/#listing-9">7081 196A Street</a>
<a href="https://www.katrinaandtheteam.com/#listing-10">11885 99A Avenue</a>
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<img src="https://assets.site-static.com/userfiles/3653/image/_Coming_Soon/2202-3771_Bartlett_Court.jpg" alt="Coming Soon Listing: 2202-3771_Bartlett_Court" width="1140" height="743" />
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#2202-3771 Bartlett Court
<img src="/userFiles/3653/image/_Coming_Soon/bedroom.png" alt="Number of Bedrooms" style="padding-right: 50px; padding-bottom: 50px;" width="100%" />
<img src="/userFiles/3653/image/_Coming_Soon/bathroom.png" alt="Number of Bathrooms" style="padding-right: 50px; padding-bottom: 50px;" width="100%" />
<img src="/userFiles/3653/image/_Coming_Soon/floor-plan.png" alt="Square Footage" style="padding-bottom: 50px;" width="100%" />
1 BEDROOM
1 BATHROOM
673 SQFT
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Location
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<img src="https://assets.site-static.com/userfiles/3653/image/_Coming_Soon/303-15895_84_Avenue.jpg" alt="Coming Soon Listing: 303-15895_84_Avenue" width="1280" height="853" />
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#303-15895 84 Avenue
<img src="/userFiles/3653/image/_Coming_Soon/bedroom.png" alt="Number of Bedrooms" style="padding-right: 50px; padding-bottom: 50px;" width="100%" />
<img src="/userFiles/3653/image/_Coming_Soon/bathroom.png" alt="Number of Bathrooms" style="padding-right: 50px; padding-bottom: 50px;" width="100%" />
<img src="/userFiles/3653/image/_Coming_Soon/floor-plan.png" alt="Square Footage" style="padding-bottom: 50px;" width="100%" />
2 BEDROOMS
2 BATHROOMS
967 SQFT
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Location
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<img src="https://assets.site-static.com/userfiles/3653/image/_Coming_Soon/17-7115_134_Street.jpg" alt="Coming Soon Listing: 17-7115_134_Street" width="1280" height="960" />
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9921 134 Street
<img src="/userFiles/3653/image/_Coming_Soon/bedroom.png" alt="Number of Bedrooms" style="padding-right: 50px; padding-bottom: 50px;" width="100%" />
<img src="/userFiles/3653/image/_Coming_Soon/bathroom.png" alt="Number of Bathrooms" style="padding-right: 50px; padding-bottom: 50px;" width="100%" />
<img src="/userFiles/3653/image/_Coming_Soon/floor-plan.png" alt="Square Footage" style="padding-bottom: 50px;" width="100%" />
5 BEDROOMS
3 BATHROOMS
2,333 SQFT
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Location
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<img src="https://assets.site-static.com/userfiles/3653/image/_Coming_Soon/19054_117B_Avenue.jpg" alt="Coming Soon Listing: 19054 117B Avenue" width="999" height="666" />
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19054 117B Avenue
<img src="/userFiles/3653/image/_Coming_Soon/bedroom.png" alt="Number of Bedrooms" style="padding-right: 50px; padding-bottom: 50px;" width="100%" />
<img src="/userFiles/3653/image/_Coming_Soon/bathroom.png" alt="Number of Bathrooms" style="padding-right: 50px; padding-bottom: 50px;" width="100%" />
<img src="/userFiles/3653/image/_Coming_Soon/floor-plan.png" alt="Square Footage" style="padding-bottom: 50px;" width="100%" />
3 BEDROOMS
2 BATHROOMS
1,738 SQFT
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Location
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<img src="https://assets.site-static.com/userfiles/3653/image/_Coming_Soon/15504_100_Avenue.jpg" alt="Coming Soon Listing: 15504 100 Avenue" width="438" height="294" />
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15504 100 Avenue
<img src="/userFiles/3653/image/_Coming_Soon/bedroom.png" alt="Number of Bedrooms" style="padding-right: 50px; padding-bottom: 50px;" width="100%" />
<img src="/userFiles/3653/image/_Coming_Soon/bathroom.png" alt="Number of Bathrooms" style="padding-right: 50px; padding-bottom: 50px;" width="100%" />
<img src="/userFiles/3653/image/_Coming_Soon/floor-plan.png" alt="Square Footage" style="padding-bottom: 50px;" width="100%" />
3 BEDROOMS
2 BATHROOMS
1,700 SQFT
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Location
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<img src="https://assets.site-static.com/userfiles/3653/image/_Coming_Soon/414-8328_207A_Street.jpg" alt="Coming Soon Listing: #414-8328 207A Street" width="1200" height="798" />
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#414-8328 207A Street
<img src="/userFiles/3653/image/_Coming_Soon/bedroom.png" alt="Number of Bedrooms" style="padding-right: 50px; padding-bottom: 50px;" width="100%" />
<img src="/userFiles/3653/image/_Coming_Soon/bathroom.png" alt="Number of Bathrooms" style="padding-right: 50px; padding-bottom: 50px;" width="100%" />
<img src="/userFiles/3653/image/_Coming_Soon/floor-plan.png" alt="Square Footage" style="padding-bottom: 50px;" width="100%" />
1 BEDROOM
1 BATHROOM
517 SQFT
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Location
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<img src="https://assets.site-static.com/userfiles/3653/image/_Coming_Soon/31-13886_62_Avenue.jpg" alt="Coming Soon Listing: 31-13886_62_Avenue" width="509" height="406" />
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#31-13886 62 Avenue
<img src="/userFiles/3653/image/_Coming_Soon/bedroom.png" alt="Number of Bedrooms" style="padding-right: 50px; padding-bottom: 50px;" width="100%" />
<img src="/userFiles/3653/image/_Coming_Soon/bathroom.png" alt="Number of Bathrooms" style="padding-right: 50px; padding-bottom: 50px;" width="100%" />
<img src="/userFiles/3653/image/_Coming_Soon/floor-plan.png" alt="Square Footage" style="padding-bottom: 50px;" width="100%" />
3 BEDROOMS
3 BATHROOMS
1,542 SQFT
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Location
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<img src="https://assets.site-static.com/userfiles/3653/image/_Coming_Soon/47-7250_144_Street.jpg" alt="Coming Soon Listing: 47-7250_144_Street " width="1280" height="853" />
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#47-7250 144 Street
<img src="/userFiles/3653/image/_Coming_Soon/bedroom.png" alt="Number of Bedrooms" style="padding-right: 50px; padding-bottom: 50px;" width="100%" />
<img src="/userFiles/3653/image/_Coming_Soon/bathroom.png" alt="Number of Bathrooms" style="padding-right: 50px; padding-bottom: 50px;" width="100%" />
<img src="/userFiles/3653/image/_Coming_Soon/floor-plan.png" alt="Square Footage" style="padding-bottom: 50px;" width="100%" />
3 BEDROOMS
2.5 BATHROOMS
1,300 SQFT
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Location
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<img src="https://assets.site-static.com/userfiles/3653/image/_Coming_Soon/7081_196A_Street.jpg" alt="Coming Soon Listing: 7081_196A_Street" width="640" height="464" />
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7081 196A Street
<img src="/userFiles/3653/image/_Coming_Soon/bedroom.png" alt="Number of Bedrooms" style="padding-right: 50px; padding-bottom: 50px;" width="100%" />
<img src="/userFiles/3653/image/_Coming_Soon/bathroom.png" alt="Number of Bathrooms" style="padding-right: 50px; padding-bottom: 50px;" width="100%" />
<img src="/userFiles/3653/image/_Coming_Soon/floor-plan.png" alt="Square Footage" style="padding-bottom: 50px;" width="100%" />
6 BEDROOMS
4 BATHROOMS
3,757 SQFT
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Location
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<img src="https://assets.site-static.com/userfiles/3653/image/_Coming_Soon/11885_99A_Avenue.jpg" alt="Coming Soon Listing: 11885_99A_Avenue" width="955" height="780" />
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11885 99A Avenue
<img src="/userFiles/3653/image/_Coming_Soon/bedroom.png" alt="Number of Bedrooms" style="padding-right: 50px; padding-bottom: 50px;" width="100%" />
<img src="/userFiles/3653/image/_Coming_Soon/bathroom.png" alt="Number of Bathrooms" style="padding-right: 50px; padding-bottom: 50px;" width="100%" />
<img src="/userFiles/3653/image/_Coming_Soon/floor-plan.png" alt="Square Footage" style="padding-bottom: 50px;" width="100%" />
7 BEDROOMS
3 BATHROOMS
2,492 SQFT
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Location
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2023-10-12T16:30:00-07:002024-01-31T14:18:05-07:00Sueanne Amisolatag:katrinaandtheteam.com,2012-09-20:123343 Questions to Ask Yourself Before Buying Your Dream Home<img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/3653/image/buying-dream-home-questions.jpg" alt="3 Questions to Ask Before Buying a Home" width="475" />Entering the homebuying market can be an overwhelming experience. Anyone and everyone, from family to friends to coworkers to acquaintances who barely talked to you before, will inundate you with their opinions if you're a first-time homebuyer. Most of this comes from a sincere desire to help, but they're also not likely to be fully aware of the current housing market.
Preparation is the most important thing you can have when you start looking for a new home, so arm yourself with questions. You're the one buying the home, and your opinion is the most important to the final decision. Here are three of the biggest questions to ask yourself when preparing to buy a home:
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
Why Do I Want to Buy a Home?
Your motivation to buy a home can help you drastically narrow the field when it comes to finding the perfect home. This doesn't even necessarily have to do with your financial situation. Instead, most homebuyers focus on how the house will impact their plans for the future. A study done by the Joint Center for House Studies at Harvard found the four biggest reasons people buy a home:
Which school children will attend
The safety of the environment
More room for expanding the household
Owning and having control of the space
Does one of these describe why you want to buy a home? Each motivation may have a different answer—buying a condo rather than renting, buying in a specific location, buying a home with more bedrooms, etc.—so it's important to spend some time pinning down your "why."
Those buying with a household instead of just for themselves should take time to sit down and discuss what everyone involved wants for the new home. Having a list of desired features, especially when split up into negotiable and non-negotiable, will help you and your real estate agent find the home that best fits your needs.
What's Going On in the Current Housing Market?
Overall, the housing market may be going up or down, and if it's going up, homebuyers can get a better price by moving quickly. If you want the most up-to-date information on what's going on in the housing market, your local real estate agents are a valuable resource.
Find out whether the community you want to buy in is in a buyer's or seller's market—that is, which side of the equation has more negotiating power. High demand creates a seller's market, which means that buyers may have to get creative with their offers to get the right home.
What Are the Current Mortgage Rates?
The price of the home isn't the only thing to consider. Most homebuyers will have to secure a mortgage as well, which will come with an interest rate. These rates can vary, so it's important to know whether mortgage rates are projected to rise or fall if you're debating the right time to purchase a home.
Knowing the current interest rate trends can also affect the type of mortgage a homebuyer wants to pursue, since there are mortgage options with fixed interest rates and variable interest rates.
Here's the Bottom Line
The homebuyer is the only one who can decide the right time to purchase a dream home. However, it's important to think about why you want a new home and determine a comfortable budget to aid the decision. You may find that current trends affect the amount of time you have to search, and knowing exactly what you want can help you find your dream home quickly.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.2022-04-26T07:26:00-07:002022-04-26T09:59:01-07:00Katrina Amuraotag:katrinaandtheteam.com,2012-09-20:12336Is Getting a Home Mortgage Still Too Difficult?<img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/3653/image/getting-home-mortgage.jpg" alt="Is Getting a Home Mortgage Difficult?" width="475" />It's important for potential homebuyers to know mortgage lending standards and the level of difficulty faced when trying to get a mortgage. While it's easier to get a mortgage now than it was a year ago, due to credit availability expanding, the market is still tight. Homebuyers will need to do their research to find the best lender for their situation.
For informational purposes only. Always consult with a licensed mortgage or home loan professional before proceeding with any real estate transaction.
What Has Happened to the Number of Mortgages?
The number of mortgages given out has significantly dropped due to the strictness of the lending companies' requirements. According to the Housing Financial Policy Center at the Urban Institute, there were 6.3 million fewer mortgages in 2015 than in 2009.
Mortgage companies won't give a loan if they determine a buyer is too risky. They calculate this risk based on information like credit history, which shows the company how frequently a homebuyer repays their debts.
What Impact Does Credit History Have?
Mortgage lending companies are known for their high standards, especially when it comes to previous financial activity. Because of this, it's important for everyone on the mortgage to have a strong credit history. Lenders understandably don't want to have to repurchase unpaid loans or end up facing legal action.
The Effect on the Economy
With fewer potential homebuyers being offered loans, the housing market isn't recovering as quickly. This also has an impact on other industries like home goods and construction. Still, the market is moving in an overall positive direction.
Maximize Your Odds of Being Approved
Due to the housing market's boom and bust, mortgage lenders now have more strict standards for lending. While it's not impossible to get a mortgage loan, it can be difficult for potential homebuyers. To maximize your chances of getting a loan, keep your credit history clean and ensure you are in good financial standing. Don't forget to research multiple companies and their requirements to increase your odds.
For informational purposes only. Always consult with a licensed mortgage or home loan professional before proceeding with any real estate transaction.2022-04-14T05:26:00-07:002022-04-26T11:11:11-07:00Katrina Amuraotag:katrinaandtheteam.com,2012-09-20:12333Will Increasing Mortgage Rates Impact Home Prices?Will Increasing Mortgage Rates Impact Home Prices?
<img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/3653/image/do-mortgage-rates-reduce-home-prices.jpg" alt="Can Increasing Mortgage Rates Impact Home Prices?" width="475" />When mortgage rates rise in Canada, many people start wondering how it will impact home prices. Some experts predict that a drop in prices could follow rate increases, but others believe that sky-high demand requires more intervention to experience significant change. So which is it? Will increasing mortgage rates impact home prices or not? <a href="https://www.katrinaandtheteam.com/is-getting-a-home-mortgage-still-too-difficult/">Getting a mortgage can be difficult</a>, so you'll what to understand when the economic climate is best. Keep reading to get the background information you need to determine the best mortgage rate conditions for your homebuying experience.
For informational purposes only. Always consult with a licensed mortgage or home loan professional before proceeding with any real estate transaction.
What's The Relationship Between Mortgage Rates & Home Prices
To understand the relationship between mortgage rates and home prices, we first need to go over interest rates.
Think of interest rates as the price paid to borrow money. When you take out a mortgage, the interest rate is what you'll pay on top of your regular monthly payments to account for inflation. The Bank of Canada sets interest rates, which can fluctuate based on economic conditions.
Mortgage rates typically increase as interest rates do. When interest rates are higher, mortgage rates are almost always higher.
Can Rising Mortgage Rates Be A Good Sign For Home Prices?
In short, it depends. Under certain conditions, increasing mortgage rates can reduce the demand for homes, in turn, reducing home prices. However, there are many t<a href="https://www.bankofcanada.ca/2020/05/whats-behind-your-mortgage-rate/" target="_blank">hings that go into a mortgage rate</a>, and it's risky to over simplify the relationship between interest rates and mortgages.
In theory, it makes sense. Rising mortgage rates make it more expensive to borrow money to buy a home, which reduces the incentive for first-time homebuyers and seasoned investors alike.
There's no one-size-fits-all answer to the question. Ultimately, the impact of mortgage rates on home prices depends on why interest rates are rising.
Sometimes, interest rates rise because the economy is flourishing. During periods of tremendous economic growth, average income increases and people buy real estate in greater volumes. The Bank of Canada increases interest rates as a tactic for setting a limit on home prices, so the increased demand doesn't exponentially boost prices.
Other times, interest rates rise as a reaction to inflation in the economy. During these situations, the cost of everything goes up. So even if rising interest rates reduced home prices, the amount would be less noticeable to consumers.
Understand Mortgage Rates to Buy Your Home at the Best Time
Interest rates are a critical factor to consider when buying or selling a home. The current interest rate environment can significantly impact the market for both buyers and sellers. Of all the <a href="https://www.katrinaandtheteam.com/questions-to-ask-yourself-before-buying-a-home/">questions to ask before buying a home</a>, "what are the current mortgage rates?" is one of the most important. As we have seen, mortgage rates and home prices can rise and fall in tandem, but it's not always guaranteed. So, it is essential to stay informed about what is happening in the market and how it may impact your purchase or sale.
For informational purposes only. Always consult with a licensed mortgage or home loan professional before proceeding with any real estate transaction.2022-03-15T05:26:00-07:002022-04-29T08:38:05-07:00Katrina Amuraotag:katrinaandtheteam.com,2012-09-20:123354 Benefits of Selling Your Home During Winter<img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/3653/image/home-selling-winter.jpg" alt="3 Reasons to Sell Your Home in the Winter" width="475" />
Spring and summer are the most popular times to sell a home for many reasons, including convenient weather for moving and vacation or time off. While more homes list on the market during these months, not selling during winter can cause sellers to miss opportunities they won't find during warmer seasons.
The off-peak season offers many benefits for sellers they may not find during the busy spring and summer months. Keep reading to find out why homeowners should sell their homes during winter instead of spring or summer.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
Less Housing Inventory Means Higher Interest in What's Available
While homes listed during winter often receive less traffic than those listed in spring and summer, it doesn't mean they sell for less money. Because fewer homes are on the market, buyers are more likely to be interested in the homes listed due to less competition, meaning sellers are more likely to receive multiple offers and sell their homes quickly. As a result, sellers often have more negotiating power during winter as buyers are usually more interested in closing deals faster.
Sellers May Receive Higher Offers For Their Homes
Winter homebuyers are often more serious about purchasing a home than those who shop during the spring and summer when they may be just beginning their search or looking for a seasonal second home. Therefore, sellers are less likely to experience buyers who back out of their contracts. Because fewer homes are available, buyers are more likely to value each home over others and offer higher prices.
Winter buyers may be more flexible on price and terms than those shopping during peak season. With fewer homes to choose from, buyers may be willing to pay closer to the asking price or agree to other contract terms that sellers may not find in spring or summer.
Sellers May Have More Time to Prepare Their Homes for Showings
Many sellers like listing their homes in early spring and summer to make it easier for buyers to view their homes when the weather is nice. However, sellers can benefit from listing during winter by having more time to spruce up their homes on days they stay home due to colder weather before potential buyers visit.
In particular, sellers who list their homes during winter can spend extra time making sure the <a href="https://www.readersdigest.ca/home-garden/tips/5-things-clutter-free-home/" target="_blank">house is clean and clutter-free</a> by removing unnecessary items to show buyers the home is spacious, clean, and ready to be lived in.
More Flexibility in Showings & Closing Dates
Home sellers may also have more flexibility in scheduling showings and closing dates during winter. Because buyers are more interested in finding a home quickly, they may be willing to work around the seller's schedule for showings.
Additionally, buyers may also be more flexible on closing dates with fewer homes on the market. This can benefit sellers who need more time to move out of their homes or want to wait until after the holidays to close their sales.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
Ready to Sell Your Home This Winter?
Home sellers may be wondering if they should wait until the spring to put their homes on the market. However, winter is an excellent time to sell. The most apparent benefit is fewer houses on the market, so buyers are more interested in what is available. Additionally, sellers may receive higher offers for their homes due to the lack of competition. Sellers also have more flexibility with showings and closing dates, and winter provides an excellent opportunity for sellers to prepare their homes for showings.
From having more negotiating power to receiving higher offers, selling a home during winter can help sellers receive the best deal and maximize their earning potential.
2022-03-08T06:25:00-07:002022-04-29T08:38:26-07:00Katrina Amurao