Our Five Step Buyer Purchase Process in Toronto

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I’m here at York University, speaking softly because of hard-working students. Recently, we were hired by a law professor to help buy a home. He had some specific questions about the buying process. Today, I’ll review our five step buyer purchase process with you!

1. Separate your wants from needs. First, we figure out what our clients want versus what they need. It’s valuable to know both when working together. We spend some time creating a list of criteria on how to identify prospective properties. This allows my team to help find listings the buyer will admire and enjoy.

2. Get pre-qualified. We have several in-house lenders to meet with clients and get them pre-qualified for a future mortgage or another form of purchasing. We ensure they have the qualifications to go to the next step.

3. Meet and preview homes. This is the most fun part of the process. We meet with buyers to review listings on the MLS with our projector. We’re able to go over details about specific neighborhoods the client has in mind.

4. Review a buyer representation agreement. Ontario legally requires this document, signed by the buyer, to move forward. It discloses information on who is working for who. Luckily, it’s a flexible process where we are flexible to work with clients’ schedules.

5. Tour properties. We show and preview properties, that we hand selected as the best of the best, with our clients. We’re not just streamlining the entire MLS. We pick specific properties to cater to particular client’s needs. We want our customers to get the best value on their dream homes.

Typically, we’ll grab some coffee, take our time, and view properties before it gets dark out. We can pull up background information, see if we can get a pre-home inspection ahead of time, draft paperwork to make an offer, and start negotiating.

If you have any questions about this topic or others, give us a call or email today! We’d be happy to help and serve you.

Why Fall Is a Great Time to Sell in Toronto

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation 
Call me at (905) 456-3232  for a FREE home buying or selling consultation

We've noticed there is less inventory now than at any other time of year. Many sellers wait until the spring to list. Fewer active listings mean less competition for you.

Secondly, buyers are more serious this time of year. Not only is there less competition in the fall, you also have high demand.

Finally, this fall will be an opportune time for sellers because of the historically low interest rates. Rates will most likely go up next year, so buyers are especially motivated to buy now while rates are low.

Now is a great time to sell your home quickly for top dollar. If you have any questions, give us a call or send us an email. We look forward to hearing from you!

The Toronto Real Estate Market Today

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation 
Call me at (905) 456-3232  for a FREE home buying or selling consultation

Many sellers repeatedly ask, "Is now a good time to sell?" Many people think homes don't sell as often in the fall. With the time change, it gets darker earlier and the weather gets colder. However, now is a great time to sell, but don't just take it from me. Let the data show you.

Last year, there were 8,500 sales during the month of October in the GTA. The average sales price was $578K. In November, there were 6,476 sales. In December, we saw 4,400 sales. Those numbers are expected to increase this year. We're projecting as many as 12,000 home sales in the next 60 days across the greater Toronto area!

Many people assume more homes sell in the spring because the market is more active. However, historically speaking, November home sales actually equal home sales in March. In our market, many want to buy or sell in November, so they can move in before the end of the year.

Buyers this time of year want to close before January 1st either due to business or tax reasons. They also might want to move into the home in time to celebrate the holidays. Buyers this time of year are serious. Because there are fewer homes on the market, you have less competition.

As you can see, the next couple of months will be great for sellers in Toronto. Low inventory, high demand, and past market trends indicate now is a fantastic time to list your home. If you have any questions, give us a call or send us an email. We look forward to hearing from you!