Tips for buying a Home in this Hot Spring Market

The added selection of homes available, coupled with sellers eager to make a deal makes NOTL’s spring real estate market the perfect time to buy your dream home.  With the large selection of homes comes added competition, so being prepared is important.  As the premier real estate agent for your NOTL real estate needs, I would like to offer you the following helpful tips on how to beat the competition and find your perfect home this spring.

Prepare

With the added chaos of the spring real estate market being properly prepared is key.  By being thoroughly prepared, you will be able to find your home and be one step ahead of the competition at all times.  Being prepared for NOTL’s spring real estate market can be broken own into the following three areas.

Ask for a Loan

Before starting your house search, take the time to go to your local banks and lenders to see for how much you will be pre-approved.  A pre-approved mortgage will give you an idea of the maximum price range you can afford.  This will help you narrow down your search and allow you to start making viewing appointments on houses that are in your price range.

Set your Criteria

Make sure that you know what is important to you before you start looking.  Make a list that includes all the factors that you want in your dream home.

Remember:

Your list needs to be realistic and flexible because you may have to make some compromises.

Besides the number of bedrooms or bathrooms in a home, don’t forget to include other criteria such as:

  • The distance of that home from your work and how long the commute is going to be.
  • Neighbourhood features such as parks, schools and even local grocery stores or restaurants.
  • The overall walkability score of the property as well as any nearby green space.
  • Any potential development in and around that home.

Make an Offer

Once you have found a home that is in your price range and meets the criteria you are looking for, be prepared to make a reasonable offer.  The faster you put in an offer, the better your chances are of landing your dream home.  The competitiveness of the spring real estate market does not give you the added luxury of thinking about a property.  There are other buyers who are also looking, so the longer you take to make an offer, the more opportunity you are giving other buyers to make an offer – so act quickly.

These tips should help you buy your perfect home this spring.  If you are interested in other helpful tips on buying a home in the competitive spring real estate market or would like to view some of the new and exciting homes that are available in NOTL, please contact me today.  I look forward to hearing from you soon.