What Buyers Need to Know in Today’s Market

As a buyer, you need to set your expectations by a little planning ahead, with the help of an agent.

The best homes sell first:  During any type of market, the best always sell first. If a home is priced in the correct price range and is in outstanding condition it will sell first and for the best price.
 
Length of stay: How long do you plan on staying in your new house? If you are buying for the long term, trying to time the purchase of your new house to the "bottom" of a down market only creates stress, not additional equity (as well as being virtually impossible to do).
 
What is your definition of a deal: Ask yourself what does a deal look like to me, including price, incentives, concessions? Be specific and share your definition you’re your agent. Remember, in Toronto we have a strong seller’s market and it’s expected to stay that way, even with the current stock market turmoil.
 
Excellent time to buy: Since prices and interest rates remain attractive and are trending even lower, this continues to be a wonderful time to buy. We can offer no guarantees about the future but the present is opportunistic.

A home first, not only as an investment: If you are buying a home for your family, don’t look at the home as an investment only. You need to love the home you choose so your family will love living in the home.
 
Location: It is important to study the home’s location to accommodate your needs such as schools, driving, shopping and other unique family circumstances. You have lots of choices.

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