How to Compete for a Home in a Hot Market
Posted by Greg Dewar on
Competing for the house you want is a reality you have to deal with when it comes to buying a home in 2016. This can often be a stressful process and one that makes a lot of people uneasy. The process often becomes even more stressful when you’re in a hot market.
Problems with a Hot Market
When people find themselves looking for homes in a hot market, it can be tempting to make emotional and hasty decisions which might cause you to ignore real facts about a house or neighbourhood. One thing I frequently remind my clients of is, just because you’re competing doesn’t mean you should ignore the market value of the home. It might seem like an easy solution to outbid everyone else who is interested in the home, but this might back fire on you when it…
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So you’ve decided it’s time to purchase a new home and maybe you’ve even thought about putting an offer in. But now you find yourself holding back because you’re worried about the closing dates and whether or not you’ll find yourself without a place to live during that time.
It’s no secret that Cambridge, and the rest of Ontario, is experiencing a hot housing market right now.
One of the hardest things to do when buying a home in a hot market is to keep your cool and make a smart housing investment.
Welcome to part two in our two-part series on house hunting mistakes to avoid! Part one of our house hunting mistakes to avoid included things like making sure to get preapproved for a mortgage, not falling in love with house you can’t afford, not having a clear vision of the type of home you’d like and ignoring problems that could become costly to fix.
This week’s blog post is part one in a two-part series about the top house hunting mistakes you should avoid. Whether you’re purchasing your first home or are a seasoned veteran looking for a home to retire in, these mistakes are easy for anyone to get caught up in!
If you’re ready to sell your home and list it on the market, you’ll want to do a few key things to prepare it for viewing. Preparing your home for viewing and making sure it looks its very best can help it sell faster and for a higher amount. If you aren’t the type who can be bothered with all that, you might want to consider hiring a home stager to help guide you through the process!
If you’re looking for a new home, you might be trying to decide just how much house you should buy. In the past, the trend was to buy larger and larger homes, for a number of different reasons. Conventional wisdom said that you should buy as much house as you could afford because the most expensive property would be the best investment in the long run. Often, people purchased larger homes in hopes of impressing people or because they received a promotion or raise at work and saw it as something they “should” do.
Selling your home can feel like an overwhelming process but the one sure thing you can do to help speed up the process and get more return on your home is to improve the value of your home before it’s listed.
Welcome to part two of my Mortgage 101 blog series. In this post I will be answering some more commonly asked questions about mortgages, particularly about mortgage terms and what types of mortgage rates are available to Canadians in the home buying process.