subject: Buying Real Estate in Toronto: Creating a Short List by:Robert Kennedy [print this page] A few years ago, there werent as many choices when it came to buying a home as there are today. Today, the housing market is saturated with homes for sale. Perfect homes can be found on every block, in every neighborhood. And homes are being sold for a fraction of what they are worth.
It is definitely time to buy a home. But the sheer amount of options available can make it difficult to choose which home to buy. You cannot possibly view all of the homes that are for sale. Even if you narrowed your search to a small area, you would still be overwhelmed by all of the options available. In order to ensure that you make an offer on the house that is perfect for you, you need to create a short list. Heres how:
First and foremost, you should have a good idea of where you want to live. If youre unsure which neighborhoods are the best, ask. Study up on the school systems in your area and figure out where property values are rising most rapidly. The information you gather will help you decide which neighborhood to look in.
Before you contact an agent about purchasing real estate in Toronto, you need to browse all of your options. Free home guides and the internet are a great place to start. Look at all of the listings in the area where you want to settle. Get a feel for whats out there and how much houses are selling for.
Make a list of all of the things you want in a house. Be sure to break your list down into must haves and wants. If you need 3 bedrooms, do not look at homes that are less than three bedrooms. If you would like to have a pool, put homes with a pool on top of your list but do not limit your list to such homes.
Once you have a list of possibilities, drive by all the homes that you have on your list. If you dont like what you see when you drive by a particular piece of real estate in Toronto, mark it off your list. Culling your list in this way will prevent you from viewing a lot of homes that you dont want to see. It will save you time, and it will save your agent time.
Never put homes on your list that exceed your budget. You will be tempted to upsize your order.
Once you have created a short list, you can start viewing homes. Set up several appointments to see homes on the same day. Avoid spreading your viewings out through the week as this will waste time. Be sure to tell your agent what you like and dont like about the homes you see. They may be able to help you adjust your short list so that you avoid seeing homes with similar negative qualities.
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