5 tips that will give you an advantage when buying a home in today's  hot market!

By: Tony Fabiano

5 tips that will give you an advantage when buying a home in today's  hot market!

Tags: First Time Home Buyer, Homes in Toronto, Homes in the GTA

1. Know exactly what you want.
Get crystal clear on the type of home you're looking for, including size, location, old, new, # bedrooms, garage, parking etc. This will help narrow your focus on listings that are a good fit.

2. Get your financing preappoved.
In a hot seller's market, getting your financing preapproved will give you an advantage. Don't leave this to the last minute, do this now so when you're ready to make an offer,.

3. Be prepared to act fast.
When the market is hot, good listings don't last long. You dont want to miss out! When you see a listing you like, review everything available online first, then schedule a viewing right away of you feel it could be the one.

4. Know your "no-regrets" price.
Great homes in a seller's market will often het multiple offers and sell over asking price. Ask yourself this- what is the highest amount you are willing to pay for this property with no regrets? Losing out on a home for an amount you would have been comfortable with is disappointing. Be sure to run any numbers by your bank/lender.

5. Consider writing a letter telling the sellers how much you love their house.
Homeowners are emotionally attached to their homes. They take great pride in every upgrade and feature and want their home to go to someone who will love it just as they do.

If you are considering buying a home in 2021 connect with #fabianorealty for a copy of our Informed Buyers Guide.

Tony Fabiano
Broker of Record
Fabiano Realty Inc., Brokerage