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 | | HOME VALUES | | | | | |  | | Land Transfer Tax | | | | | |  | | STAGING… FOR A FASTER SALE AND HIGHER PRICE | | | | | |  | | 8 COMMON MISTAKES MOST HOME SELLERS MAKE | |
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HOME VALUES |
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HOME VALUES |
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| Home value sometimes referred to as "Value in Use", is best described as the probable price at which a home trades in a free, competitive, and open market and is synonymous with the market value.
market value:
Market value is the highest price in terms of money, that the property will bring to a willing seller if exposed for sale on the open market; allowing a reasonable time to find a willing buyer, buying with the knowledge of all the uses to which it is adapted and for which it can be legally used, and with neither buyer or seller acting under necessity, compulsion nor peculiar and special circumstances.
subjective value/objective:
Subjective value exists in the minds of the potential buyers and seller. |
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Land Transfer Tax |
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Land Transfer Tax |
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| Effective February 1st 2008, the City of Toronto has implemented a second LTTX for all purchasers:For first time purchasers:
A rebate of up to $3,725 will apply to first-time purchasers of both new and existing homes. This means a full rebate for first-time buyers of homes valued at $400,000 or less. For example, a first-time purchaser of a home valued at $600,000 would pay land transfer tax according to the scale shown above, and receive a rebate of $3,725. |
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STAGING… FOR A FASTER SALE AND HIGHER PRICE |
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STAGING… FOR A FASTER SALE AND HIGHER PRICE |
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| There are many television shows today that focus on home staging. If you have not watched any, do yourself a favor and tune in. They all say the same thing: do not even consider putting your house on the market until you have taken a close look at its condition. |
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8 COMMON MISTAKES MOST HOME SELLERS MAKE |
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8 COMMON MISTAKES MOST HOME SELLERS MAKE |
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| 1. Failure to effectively market the property. Good marketing distinguishes your home from hundreds of others on the market, selling its benefits not just its features. |
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| Scott Harrison | | | Sales Representative | | | RE/MAX Hallmark Realty Ltd. Brokerage | |
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