It always starts very innocently, you drive around on a Sunday, then you go from neighbourhood to neighbourhood saying, “hey this would be great to live here, how much do you think we could get for our house?” ¬†After you hear about what the last comparable sold for, you are apparently looking at buying another house. It’s a great start, but times have changed, like going into battle, you must be prepared, its not like it used to be, its very stressful to find a house in this market. This is not your grandmothers buyers market.

Getting Ahead of yourself, and not preparing is setting yourself up for disaster, failure and disappointment. Even some agents I have come across do not know how to properly prepare their clients and get them ready to buy a house, the reason being is that they have not adjusted their mentality to this type of scarce market. If I had to describe this market I would say you must be a bully to win, and most sales people are sheep. Agent do not know how to turn on the aggressive switch and bring that mentality to their clients. Its not for everyone.
Here is a checklist of things you MUST do before even thinking about buying a house nowadays.

1. Interview an Real Estate agent, that is available at nights, and ask them how many properties they have purchased for their clients in a bidding war in the last year. Ask how many they lost.

2. Go to a mortgage broker and get a pre-approval, make sure you are approved without a mortgage condition. Have your mortgage broker do a closing cost sheet.

3. If you are selling your house, get an appraisal, get a home inspection on your house, and get an idea how much your house is worth so you can purchase a new property.

4. Put your deposit for the new house in an account that you can access right away, so when you are presenting an offer, you can make a draft and include it with your offer.

5. Decide on an area to purchase and have your agent put you on a mailer daily.

6. Go see houses as soon as they come out.

7. Make quick decisions. Houses are selling quickly, unfortunately, you don’t have too much time to make a decision. You either like it or you don’t, if you like it, put an offer, if you don’t, move on.

8. Bully Offer: A successful bully offer, is an offer that you submit before the offer date, and it is supposed to entice the sellers enough that they will relinquish all offers. Make it worth their time, and make it Great!


Virtual Staging

There has been a lot of advances in technology this year, and one of the areas is virtual staging. It has come down so much that some agents are looking at this as viable alternative to staging, rather than have the place look empty on photos and videos. In my...

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Price Drop 30% put into Perspective

The prices of sales in the GTA have come down 30% from last year. Let's put this stat into perspective. The prices from January to April sky rocketed and then came down after that. Of course they are going to be a lot lower since the prices jumped so much. The media...

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Are You Ready For Your Information To Go Public?

I read the articles, I read the comments, people want information. They want it all. That is the new way of doing business. They want all of the information that real estate agents have access to, and they want it for free, and they want it now. People think they have...

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The purchase price of your home is only one of the costs you'll encounter. Here are other possible costs you need to consider:   Mortgage loan insurance: If you are putting less than 20 per cent of the house value down, you're going to need mortgage loan...

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Over Rated Home Features

When I do an open house or put a house up for sale, I always get a few questions about features that I always say, why do you want that. Here they are: 1. Central Vacuum: Why do you want to lug around a snake and try to clean the house? Its simple, its called Dyson....

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Uber is Not Like Real Estate!

I read articles all the time written by Real Estate agents who are trying to convince themselves that we are in a good business to be in, and that it is necessary to use an agent for every transaction. In Toronto, put up a sign and your property will be sold by the...

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Transit Solutions Would Help Lower GTA Prices

One thing that can truly help lower GTA prices are some major transit solutions. It is apparent that the GTA market and all of the surrounding areas have gone buck wild in the past few years, and especially in the last few months. So many sales records have been...

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Why You Should be Underpricing Your House For Sale?

Its all about quantity and impression.When people are buying a house, they get into some-what of a HEAT! Underpricing Your House drives that heath up. I would call it a hunter gatherer mind set. Buyers are constantly on the hunt, and one thing that I've noticed is...

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Would You Go Into a Court Without a Lawyer?

Buying a house and using the listing agent is like going into court without a lawyer to represent you. Each and every time I have a listing, I have somebody calling me asking me "what's the price if I don't have an agent and buys directly though me?" I always want to...

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Liberals Are Going to Tank This Market!

What is the one thing the liberals are looking for right now? Votes and money. The way that they will try to get both is to try and capitalize on this hot real estate market.¬†   The middle & lower class does not like the fact that they cannot afford any real...

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