How To Keep A Level Head While Buying In A Hot Market
What are home buyers facing in the London, Ontario market just now?
- Bidding wars
- Multiple offers as high as 25 other offers
- Prices at all time highs
- Inspection & financing conditions are seen as a disadvantage
- Increased pressure or fear of missing out
What can be done to combat this?
When you are buying a home you need to surround yourself with all the supports necessary to do it right! A multiple offers situation requires you to have the best advice on hand, immediately.
Hire A Professional Realtor
A realtor will take all the emotion out of your home purchase. They will give accurate advice based on experience and cold hard data. Make sure you hire a Realtor with a track record of success. You do not want someone who is desperate for a pay cheque pushing you through a bad deal.
Financial Advisor
Is home ownership realistic? Owning a property comes with many other expenses, make sure it fits into your plan.
Home Inspectors
Get at least 3 recommended inspectors and interview/ research them to get the one you trust. Many inspectors are now offering pre-inspections. You can take them to homes before you even make an offer to get a quick opinion.
We list some inspectors in our Preferred Vendors section
Stick To Your Price Range
“Don’t visit properties outside your price range! Best-case scenario, you’ll walk away deflated. Worst-case scenario? You’ll bid on something you can’t comfortably afford.
