Niagara Real Estate Blog

Tips for buying a new home in a busy market

Posted by Terence Davids on Apr 4, 2017 5:00:13 PM
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Busy season for real estate is just around the corner, and many people are getting interested in buying a new home. That means that the Niagara housing market can be saturated by home buyers, and can make the home buying process seem more intimidating now than ever.

The team here at Team Davids are here to help you through the home buying process. Here are some tips we've found to be helpful in busier market.

Be prepared

In such a busy market, most homes are getting many different offers that are usually above asking price. This puts the proverbial ball in the seller's court - they get to choose who they want to sell to. The choice is then about choosing someone reliable, who won't have to pull out of the sale.

As a buyer, this means getting your finances in order. Be prepared to commit to a property with approval from a mortgage broker for the appropriate amount. If you can, have your bank or mortgage broker contact the agent selling the house to confirm that the mortgage is approved and in place, to show that commitment. This may make a difference to buyers who want the sale to go through seamlessly.

Know what you want

In such a busy time, homes are selling quickly. Unfortunately for buyers, that means you don't have time to spend looking at lots of houses and debating when you see a home you might like.

We recommend ensuring before you go looking for houses for sale, you really decide upon what you want in a home so you are sure when you see the house you want to buy. If you walk in knowing what you want, it will make things go much more smoothly when you can put in an offer quickly, and not potentially lose out because you weren't sure.

Find a realtor

The most crucial step in the home buying process is finding the right real estate agent who will help you find your dream home. It's important to find someone who you have a good rapport with, who will work with you every step of the way.

The team at Team Davids are here to be your partner in buying a home. We have the experience and the knowledge to help guide you in the buying process, and ensure you get your dream home.

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Topics: Buying A Home

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