🎉 Attention First Home Buyers! 🎉 The Cook Government’s first budget last week announced increased thresholds for the First Home Owner Transfer Duty Concession. Under the changes, first home buyers will now pay no transfer duty on homes valued up to $450,000. (The threshold was previously $430,000). They will pay a concessional rate on purchases over $450,000 to $600,000 (Previously the concession ceased at $530,000). This is the first time the thresholds have been amended since July 2014 so lifting the thresholds is a welcome change to support first home buyers in WA. The changes will apply to agreements entered into from the 9th May 2024 and are expected to benefit up to 5,000 first home buyers each year. The thresholds for purchases of vacant land remain unchanged. #halynproperty #statebudget #perthproperty #firsthomebuyers

📣📣 First Home Buyers - did you see the latest, breaking news out of the State budget? Effective immediately, the stamp duty threshold has been increased 🥳 🏠 So, if you're looking to buy a house for $450,000 or less, you'll pay $ ZERO stamp duty (this threshold has been increased from $430k) 🏠 And, if you buy a house for $450,000 - $600,000 you'll pay a reduced rate of stamp duty (increased from the previous upper cap of $530,000). This is great news for first home buyers, making it more affordable for you to break onto the property market 🙌 #hpsetts #realestateagentperth #perthproperty #firsthomeowner #firsthomebuyers

Toronto's vacant home tax declaration deadline approaches, failure to submit will result in fine Contact me to discuss the latest scoop in real estate! #realestate #realtor #dreamhomes #homebuyers #realestateagent #homesofinstagram #properties #homesearch #realestateinvesting #housingmarket

What is the number one item on your holiday wish list? Buying a home that you'll love! Reach out to learn more! 1. December may offer opportunities for homebuyers to find lower prices as sellers might be motivated to close deals before the end of the year. Sellers may be more willing to negotiate, potentially resulting in a favorable purchase price. 2. Homebuyers aiming to close in December can potentially benefit from tax advantages. Closing before the end of the year allows buyers to deduct mortgage interest, property taxes, and other homeownership-related expenses on their upcoming tax returns. 3. The real estate market tends to be less competitive in December due to factors such as colder weather, holiday distractions, and the general perception that it's not an ideal time to move. This reduced competition could give buyers more negotiating power and a better chance of securing their desired property. #HomeOwner #HouseHunting #masonmac

Are you thinking of buying or selling this year? If so, this article may be of interest. https://buff.ly/3uHjZfv It confirms that buyers and sellers continued to return to the property market in February, and home sales are expected to grow by 10% this year, according to the latest data from property website Zoopla.

I found this Wall Street Journal article that gives insight on homebuying in 2024. With mortgage rates on the rise, it has become difficult for some individuals to afford homes with interest rates at upwards of 6%. Here are some tips to overcome these challenges in acquiring a home with rising interest rates: 1. Know your commissions 🤝 2. Set reasonable expectations for your mortgage rate 📈 3. Shop for home insurance early 🛒 4. Consider new construction over existing homes 👷♂️ 5. Do the math and make sure you can afford your monthly payments when buying (and selling) 💰 Check out the article for more details on these steps! #mortage #mortagerates #realestateadvice #realestatelaw #homebuying #homeselling #interestrates #personalfinance #realestate #housingmarket Suzanne Hollander Esq. CRE® https://lnkd.in/eEZmXnge

This decision to discontinue the First-Time Home Buyer Incentive program by the federal government will likely impact prospective homebuyers, particularly those relying on financial assistance to enter the housing market. It's essential to monitor how this cessation might influence the accessibility of homeownership and the broader housing market dynamics. Article below https://lnkd.in/gTq2P-hM

Here are five reasons why you shouldn’t wait to buy a house: 1. Rising Home Prices Home prices tend to appreciate over time. By waiting, you risk paying more for a similar property in the future. Buying now can help lock in a price before the market rises further. 2. Low Interest Rates Won’t Last Forever Mortgage rates fluctuate, and they are historically low right now. Even a small increase in interest rates can significantly impact your monthly payment and the total cost of your mortgage. 3. Building Equity The longer you own a home, the more equity you build. Instead of paying rent to a landlord, which doesn’t offer long-term financial benefits, buying a home allows you to build wealth through ownership. 4. Tax Benefits Homeownership comes with tax advantages, such as mortgage interest deductions and property tax deductions. These benefits can save you money, especially if you buy sooner rather than later. 5. Housing Supply is Limited In many markets, there is limited housing inventory. If you wait, you might face stiffer competition or even fewer choices. Acting sooner can help you secure the home you want before inventory tightens further. Call now: Melody Hultgren | Founder & Realtor® @missmelodyh Nova Real Estate 415.601.6915 | DRE #01379851 melody@novabayarea.com Real Estate Illuminated https://lnkd.in/gecbKsa5 #novarealestate #realestategoals #realtor #homeownership #newbeginnings #realestate #realtorlife #missmelody

Are you looking for tools to help you provide tools to discuss with your homebuyers if asking to Bid Over Asking Price is winning strategy.

💵 Did you know a $2,000 monthly payment can only afford a $266,000 mortgage? Owners of homes will not sell due to their 3% interest rates acquired during the pandemic. This market is creating a low supply for homes when housing demands remain high. The current mortgage rates are so high that buyers are finding other options. Read on alternative options and preliminary steps you should know before you make your home-buying decisions. 🏡 #finance #mortgage #interestrates #realestate Darin W. White https://lnkd.in/gpjH84HW