Frequently Asked Questions
Answers to common buying & selling questions
Buying
With an extensive professional network and a dedicated team of experts, Team Jordan ensures buyers have access to great new listings as soon as they hit the market. They provide personalized service, keeping you informed every step of the way to make your home buying experience smooth and successful.
According to recent surveys, the most sought-after features include a main floor bathroom (71%), a garage (70%), a master bedroom with an en suite (68%), and private outdoor space (68%). Buyers also value updated HVAC systems, patios or decks, updated kitchens, and walk-in closets, depending on individual preferences. These features help address lifestyle changes and health considerations brought on by the pandemic.
Team Jordan advises singles to buy homes that meet their current needs without overextending, such as one or two-bedroom condos or townhouses. It's important to have steady income or consider a co-signer for mortgage approval. Bringing trusted friends or family to home viewings helps evaluate properties objectively. Additionally, choosing homes with good resale or rental potential, like condos or townhomes that allow renters, is wise for future flexibility.
Buyers working with Team Jordan receive timely notifications on new properties as soon as they hit the market. The team also provides detailed neighborhood reports and transparent communication to help buyers make informed decisions every step of the way.
Selling
Current market data shows historically low months of inventory, with only 2.0 months available nationally and even less in Ontario and Simcoe County. This scarcity creates strong demand and pricing pressure. While some sellers are hesitant due to the pandemic, buyers remain active. Listing your home now can help you capitalize on this unique market before inventory levels rise post-pandemic and after seasonal increases.
To attract buyers and maximize your home's appeal, Team Jordan employs expert photographers and videographers to create stunning visuals, including aerial and twilight photos. They offer home staging and design services to present your property at its best. Additionally, custom feature booklets and cutting-edge marketing ensure your listing reaches buyers both online and in-person.
When selling your current home and buying a smaller one, expect realtor commissions ranging from 2.5% to 5% of the sale price, closing and legal fees between 1% and 4% of the purchase price, and miscellaneous costs such as moving and furnishing. If your new home is a condominium or townhouse, be prepared for strata or HOA fees even if you are mortgage-free.
Selling a home can be overwhelming, but Team Jordan’s experienced agents and support staff manage every detail from listing to closing. They keep sellers informed at every stage, market listings effectively, and leverage their local market knowledge to help you achieve the best price with minimal stress.
Local Market
Data shows that inventory levels are at historic lows, with only about 2.0 months of supply nationally and even less in Ontario and Simcoe County. For example, in Barrie, inventory dipped to as low as 0.3 months, meaning fewer than two weeks of homes are available. This shortage drives intense competition among buyers and puts upward pressure on home prices.
Ontario needs approximately 1.5 million new homes over the next 10 years to meet demand, but current housing starts fall short by over 50,000 units annually. The pandemic and related restrictions have also impacted market dynamics, with some sellers delaying listing their homes. Without increased efficiency in development and government action, supply shortages will continue to challenge affordability and availability.
While sales volumes have dipped somewhat, the scarcity of homes for sale keeps pricing pressure high. Experts predict continued price growth through 2022, but the frenzy of multiple-offer situations may ease as more inventory becomes available post-pandemic and after seasonal market shifts. Sellers can still benefit from favorable pricing if they list strategically now.
Relocation
Relocating can be challenging, but Team Jordan’s experienced agents understand the unique needs of newcomers. They offer tailored home searches, detailed neighborhood insights, and ongoing support to make your transition to Simcoe County as seamless as possible. Testimonials highlight their proactive communication and dedication to anticipating client needs during moves.
Buyers can explore homes in vibrant communities such as Midland, Barrie, Penetanguishene, and Wasaga Beach through Team Jordan’s comprehensive listings. Their agents possess deep knowledge of these neighborhoods, helping clients find properties that fit their lifestyle and budget while providing insights into local amenities and market trends.
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