We understand how frustrating it is for buyers, especially first-time buyers, who feel they can’t navigate a competitive market. Here are our top recommendations to help make your home ownership dreams a reality.
1. HAVE EVERYTHING LINED UP WITH YOUR MORTGAGE SO YOU CAN HIT THE MARKET RUNNING
If you’re a buyer who hasn’t had a conversation with a broker, let alone has their financing pre-approved, you’re ill-equipped to make a realistic offer in a hot market. The fewer conditions you have on your offer, the more appealing your offer becomes. Never opt-out of financing as a condition if you aren’t pre-approved, but rather take the time now to determine your maximum buying power by speaking with a mortgage broker. I work with a select number of mortgage brokers who have been a great resource for my buyer clients looking for an end-to-end stress-free real estate experience.
2. PAVE NEW ROADS TO YOUR END GOAL
I have many clients who are teaming up with friends or family to buy a home; after all, it wasn’t so long ago that living amongst multi-generations was commonplace. Pooling your resources with others who share your real estate goals may be just the door you’re looking for into home ownership.
3. EXERCISE PATIENCE
It may take more time than you thought, but historically the real estate market eventually balances out supply and demand, producing more inventory for buyers just like you. In the meantime, while unaccepted offers are frustrating they can often give you and your Realtor® valuable insight into how to tweak your property search and present stronger offers in the future.
4. CHOOSE THE RIGHT REALTOR®
Make sure you’re working with a Realtor® who is skilled at building relationships with other agents; the more professionals who can keep your wish-list top of mind, the better. Better still, look for a Realtor® who works with a big real estate team; the more in-house colleagues they have, the more you will benefit from a collective effort to find and secure you just the home you’ve been waiting for.
Thinking of selling? I am a professional, loving, local Realtor who will go all out for you.
Call me today at 416-731-4050, send me an email or schedule an appointment.
There’s absolutely NO OBLIGATION. Consultations are FREE.
While the information contained in this site has been presented with all due care, our team assumes no responsibility or liability for any errors or omissions. It’s only fair to share…