3 Tips for Buying a Home with Limited Inventory

By: Brandon Weiss & Mark Adelson

3 Tips for Buying a Home with Limited Inventory

Tags: Toronto, Real Estate, House Prices, 2022, Update, Investment, Investing, Property, Sellers, Buyers, Down, Market, Capitalize, Tips, Inventory

The housing market has been rampant for the past few years, and although the increased interest rates have slowed the runaway prices, it hasn’t made it much easier to purchase a home. The seller’s market is here to stay for the foreseeable future.
We’ve prepared a few top tips to help you navigate the ongoing seller’s market. While following these tips won’t guarantee you’ll find and purchase your dream home, they will help you optimize your search and increase your likelihood of success.
 
Make a Sweet Deal
High demand means sellers want their house to go quickly for the best price with the least hassle. This means that being able to move quickly, having your finances in order, and being flexible could give you an advantage over other buyers.
Here are a few ways to help you “sweeten the deal”:

 
Have an Open Mind
It’s essential to have a clear list of what you must have and why. Knowing what you can live without, what is worth exchanging for something else, and what you’re willing to remodel later can help you land a great price or that perfect location.
What matters most? This is personal to you and your family’s life stage and circumstances, but usually it includes:   
Hire a Realtor
The 2020s have brought a DIY attitude to just about everything. People want to save time and money while increasing flexibility, so why not buy a house yourself? The answer may surprise you.
 
Research shows that homebuyers who hire a realtor to help them purchase a home often pay less, have a wider range of options, and get into a home faster. So, what do realtors do that is so unique?
   
Burned Out from Your Home Search? Don’t Give Up!
The Toronto area is thriving, but entering this real estate market can be challenging, especially for first-time homeowners. At Adelson + Weiss, our team of realtors is dedicated to helping you navigate this high-demand market to find your perfect place for the right price.
 
So call us today to set up an appointment, and let’s get you settled into your dream home.
 
 
 
References:
https://www.bankrate.com/real-estate/should-i-buy-house-without-realtor/
 
https://www.investopedia.com/financial-edge/0410/the-5-factors-of-a-good-location.aspx#:~:text=Location%20is%20key%20to%20valuable,well%20as%20plans%20for%20development.