Ask A Realtor

N1405P39011HWe are renting and want to buy but we don’t know what to do; the news has been really confusing and scary.

The importance of a committed collaborative Buyer’s Representation Agreement in advance of any action taken as a buyer is crucial.   If a Buyer(s) has hesitation, that means there are questions unanswered and a qualified real estate sales professional will roll up their sleeves and not only answer your questions but share the absolute latest fact based data available; uncover trends, uncover discrepancies and serve you with excellence to reach your individual goals when it comes to real estate.

The professional you hire will provide comparable market analysis, research community and expansion plans if necessary and help connect their Buyer’s to the city officials for specific questions they may have about bi-laws and beyond.  They may refer their Buyers to well educated home inspectors, Lenders who will also provide clients first service and real estate lawyers who also have their clients best interests as their priority.  If a Buyer is considering a home that requires improvements their REALTOR® can connect them to experienced specialists for renovation and improvements as well.

There has been far less competition to buy homes, prices have decreased and showings of homes for sale have also reduced.  Every summer there is a decrease in action taken due to a multitude of reasons and often those reasons have more to do with the summer heat, vacations and managing families with children who may be off for the summer.    The massive gains that were common in the early part of 2017 in terms of homes pricing have stopped and that’s a good thing and as hard working professionals the balanced market is welcome versus a market frenzy that was not likely to sustain for the long term.

Lending rates and criteria’s for approval continue to increase or tighten, so your custom Buyer action plan designed is crucial and will ease concerns having fact based solutions and a handle on the changing market.

The Accredited Buyer Representative that you hire will help you navigate the waters which have changed in 2017 and also help you manage the fear that exists in the media and that exists by those who may not have all of the facts.

-Written by Connie Power

Connie Power is a Real Estate Sales Representative CNE® SRS® ABR® SRES®, Mentors and Develops New Real Estate Sales Representatives for RE/MAX Hallmark York Group Realty Ltd.,  Brokerage serving York region and beyond.
EmPOWERing YOU in Real ESTATE, Call Connie today to make an appointment to discuss your next move at (905) 726-0856.   ***Call Connie today to discuss her upcoming Investor and First Time Home Buyer seminars

*The statistics provided herein were obtained from the Toronto Real Estate Board; Aurora Community Breakdown; Summary of Existing Home Transactions; All Home Types, First Quarter of 2016 and 2017.

***Not intended to solicit those currently under a real estate contract.