RSS


Are you thinking about retirement? Are your friends relocating?
Should you remodel your home or sell and buy a new home?
 
Looking to downsize into a home that provides easy mobility and is easier to maintain as we age?
Is there Easy access to Healthcare?
 
These are great questions. We believe in the power of information to help our clients make good decisions that work for them.
 
We have helped clients sell their Homes and Relocate to a Community that works for them and offers Lifestyle opportunities that they were looking for, such as boating, golfing, biking trails, recreational facilities, and much more.
Have a few questions about relocating?

Call or text us - 905-409-9967.
 
We are here to answer your questions!
What price will I get for my home in today’s market?
How long will it take to sell my home?
What will it cost to sell my home?
What are homes selling for outside of the GTA and Durham Region?
 
Visit http://athomesandcottages.com to view current listings for homes and cottages for sale
 
 
 
 
Read

The housing market has remained hot and with a lack of inventory and new buyers entering the market every day, it's showing no signs of slowing down. It's with that in mind that we wanted to share these 4 keys to success when buying a home in a competitive market.


If you're considering buying a home right now here are 4 things you must do to have success.


1. Get properly Pre-qualified.


You've heard this a thousand times for a reason. Meet with your #mortgagebroker or bank and get properly prequalified so you can buy with confidence. Knowing what you can afford is critical with housing prices rising as they have over the past 2 years. Looking for an option? Try our friend Barry at completemortgages.ca.


2. Don't get caught in the trap of evaluating homes based on List Price.


These days List Price is every bit a marketing tool as social media is. In the Durham Region homes often sell for between 10-30% over the list price. This is why you need a qualified Realtor© to help you properly evaluate homes you're interested in.


This segues nicely to our next point.


3. Set your expectations


Set your expectations by evaluating what homes like the ones you're interested in have already sold for recently. Your Realtor© can help a lot here by providing a reliable list of previous sales and advising you on how to focus your search to get the best results. Sites like HouseSigma also provide sold prices. Just don't confuse their estimates for sold prices.


4. Understand the risks.


We never advise our clients to buy without conditions. Having the ability to add financing or inspections conditions can be invaluable when buying a resale home. At the same time, many if not most homes are selling firm in this market (meaning no conditions in a buyer's offer). This puts more pressure on you as the buyer to go in firm to be more competitive. You need to be comfortable with the risks if you choose to go that route. Speak to your Reator© and your lender before you make the decision to go in firm so you understand the risks involved and you can make an informed decision.


Bonus Tips - Deposits are key


5. Increase your deposit


These days with so many buyers competing for homes a deposit that is 5% of the purchase price is fairly standard and in fact expected by most sellers. One way to stand out with a prospective seller is to increase your deposit beyond that 5%. Your deposit is collateral on the deal so having a larger deposit shows the seller you're committed to closing. That can make all the difference when a seller is evaluating close offers. Keep in mind if you can't close the transaction you could lose your deposit. Like we mentioned in point number 4, understanding the risks is critical.


6. Make your deposit Herewith


When you submit your offer you can include your deposit "Upon Acceptance" (delivered within 24 hours of acceptance) or "Herewith" (presented with your offer). Including your deposit with your offer can make your offer stand out and show the seller you're committed to closing the deal. That said if your offer is not accepted you just went to the effort and cost of getting a bank draft for nothing.


Have a question about buying in the current market? Connect with us by calling 905-434-2022 or email us at bstantonrealtor@gmail.com.


#durhamrealestate #whitbyrealestate #oshawarealestate #ajaxrealestate #pickeringrealestate #bowmanvillerealestate
#whitby #oshawa #bowmanville #ajax #pickering #sellwithstanton #soldwithstant

Read
Categories:   2022 | 2023 | Ajax Real Estate | Amberlea, Pickering Real Estate | Annex, Toronto C02 Real Estate | Anti-Flipping Tax | APSLEY Real Estate | Apsley, North Kawartha Real Estate | attractions | back to school | Bank of Canada | Bay Ridges, Pickering Real Estate | Bendale, Toronto E09 Real Estate | Benjamin Tal | best lawn fertilizer | best weed killer | Blue Grass Meadows, Whitby Real Estate | Bowmanville Real Estate | Bowmanville, Clarington Real Estate | Bridle Path-Sunnybrook-York Mills, Toronto C12 Real Estate | Bridle Path-Sunnybrook-York Mills, Toronto Real Estate | Brooklin, Whitby Real Estate | buyers | buying a home | Canada Economy | Centennial, Oshawa Real Estate | Central West, Ajax Real Estate | Central, Oshawa Real Estate | Chandos, North Kawartha Real Estate | Christmas | CIBC | City Centre, Mississauga Real Estate | Clarington, Durham Real Estate | clean gutters | clean gutters and downspouts | cleaning your deck | corn gluten | corn gluten meal | coronavirus | Courtice, Clarington Real Estate | covid-19 | covid-19, coronavirus | credit card rate cuts, mortgage payment deferrals, COVID-19, coronavirus | curb appeal | deck | Donevan, Oshawa Real Estate | downspouts | Downtown Whitby, Whitby Real Estate | drainage | Durham | Durham Region | durham region tourism | Fall Market | farms in durham | February 2023 | fertilizer | financing | Foreign Buyer Ban | gardens | government of ontario | GTA | GTA Real Estate Stats | gutter | gutter guards | gutter maintenance | gutters | Holiday Season | home maintenance | Housing Forecast | interest rates | Ipsos | January 2023 | July 2023 | June 2023 | Lakeview, Oshawa Real Estate | lawn | lawn and garden | lawn care | leak prevention | Little Lake, Cramahe Real Estate | lush green lawn | Lynde Creek, Whitby Real Estate | March 2023 | Market Outlook | Market Stats | market update | May 2023 | McLaughlin, Oshawa Real Estate | mortgage | mortgage rates | Newcastle, Clarington Real Estate | Newtonbrook East, Toronto C14 Real Estate | North Kawartha Real Estate | Northglen, Oshawa Real Estate | Northwest Ajax, Ajax Real Estate | October 2023 | ontario | ontario government | Open Offer Process | oshawa | Oshawa Real Estate | oshawa botanical garden | Oshawa Real Estate | Oshawa, Durham Real Estate | Parade | parenting | parks | peony festivael | pick your own strawberries | Pinecrest, Oshawa Real Estate | Port Whitby, Whitby Real Estate | Pringle Creek, Whitby Real Estate | re-open | real estate legislation | Real Estate Market | Real Estate Statistics | ribfest | Rolling Acres, Whitby Real Estate | Rouge E10, Toronto E10 Real Estate | Rural Cramahe, Cramahe Real Estate | Rural North Kawartha, North Kawartha Real Estate | sales forecast | Samac, Oshawa Real Estate | Santa | Santa Claus | Santa Claus Parade | school | September 2023 | site seeing | social distancing | South East, Ajax Real Estate | South West, Ajax Real Estate | spring cleaning | strawberries | summer events | summer home maintenance | Toronto | Toronto Regional Real Estate Board | Toronto Vacant Home Tax | TRESA | TRREB | Trust in Real Estate Services Act | week killer | Whitby Real Estate | Williamsburg, Whitby Real Estate