In the fourth of a special series, lead contributor, John Pasalis of Realosophy Realty, explains how buyers need to be thinking when making offers in a falling Toronto area market.
It's an unprecedented time as Toronto area real estate sales and prices fall after a long run that saw a historic run-up in prices during the pandemic.
For buyers currently in the market, there is some uncertainty about how best position yourself to capitalize on potential opportunity.
In this video, John explains:
- How homes can be valued when prices are falling quickly
- Why there is still so much competition for certain homes
- How you can best position when make offers on homes
To watch all videos in these series, visit our Move Smartly YouTube channel to watch (click on link for each episode:
- Toronto Area Real Estate Faces Economic Conditions Not Seen Since 90s
- How Low Will Toronto Area Home Prices Go?
Click here to sign up for the Homebuyer's Bootcamp online course - Use code: 50OFF
John Pasalis is President of Realosophy Realty, a Toronto real estate brokerage which uses data analysis to advise residential real estate buyers, sellers and investors.
A specialist in real estate data analysis, John’s research focuses on unlocking micro trends in the Greater Toronto Area real estate market. His research has been utilized by the Bank of Canada, the Canadian Mortgage and Housing Corporation (CMHC) and the International Monetary Fund (IMF).