While Toronto's real estate market is expected to start leveling out, buyers looking for homes in Toronto's hottest neighbourhoods aren't feeling any relief. As a member of the expert panel for The Grid’s First-Time Home Buying Guide, I was recently asked what buyers can do to give themselves an edge in Toronto’s hot spring market.
While many come to mind, the top tip I can offer is to get a jump on newly listed houses by seeing them before anyone else does.
When new houses come onto the market for sale, the sellers will either be willing to review offers any time or will have set an offer date roughly a week after the house first comes onto the market.
When a seller decides to take offers any time, buyers who can see houses as soon as they come on the market have an advantage over other buyers because if the houses is the right fit, the buyer can make an offer on the house before other buyers have even visited it. This is particularly true as many buyers tend to wait until weekends to view houses so they can see many in one shot.
Now I’m sure buyers who are house-hunting in some of Toronto’s most popular neighbourhoods are thinking - are there any houses out there taking offers any time?!