Sunday, February 7, 2021 / by Janine Thomson
Expand your search. Home prices are always higher in the hottest neighbourhoods. Everyone is looking for the ideal home and thats a big competition in a small market. Just because your peers are buzzing about a certain neighbourhood, doesn’t mean you don’t have the best schools. lower tax rates or better amenities in a different one. (Tip) Look a little farther away from the most popular neighbourhoods. Sometimes you can actually get more square footage, larger properties and better amenities for less money.
Don’t wait too long to write that offer. The longer you wait the faster someone else will snag the home, and if you do decide a bit later in the game, all those other buyers will be notified that an offer is coming in. Time is the essence. For some Buyers, they may actually like the competition with risk and want to place a bid. Once you have another bidder, the home price tag rises.
(Tip) Low balling in a seller’s market is not a ...