Lets recap: The Sky has Fallen, The Sky is Falling, The Bubble will Burst, The Bubble has burst, The recession is coming, the recession is over. The World will end with the Mayan Calendar on December 12, 2012. The problem with all of these predictions is just that. They are predictions.
Lets look at actual facts.
Inventory; Available Today (mid August 2009) between $220,000 and $280,000 in Downtown Toronto in MLS Districts C01 or C08 that own/ have one parking; 15
Lets strike out the ones that are conditionally sold, in multiple offer situations, already under contract, preconstruction, or not ready to occupy, we are reduced to 3.
In a City the size of Toronto, in the downtown core there are currently 3. What is the population of Downtown Toronto? Inventory this low can only result in price increases as people compete to make this purchase, in deference to naysayers, people still need a place to live.
So in an effort to enhance your appeal to the Seller; we need to have you prequalified for a mortgage, so that we can bid with confidence (that will close), we need to understand Buyers Agency and who is working for whom in a real estate transaction. All this things need planning and study ahead of time, without the speed and pressure of an offer. We need to arrange for a Lawyer or a Home Inspector if you desire or should you have questions.
We have read a sample Agreement of Purchase and Sale for a resale condominium and have a clear understanding of the process. We have had conceptual conversations about the etiquette of making multiple offers and we understand that we can bid and not win even if we bid the highest amount. We are currently receiving listings by email that fit our criteria so that we can move forward quickly without frustration or delay.
We prepared a two page list of questions for the Realtor and Show up on a Sunday Morning. OH! right! Had someone do that recently.
Take advantage of this user-friendly website offering more than just a list of properties for sale. We also provide a wealth of informative articles and information useful to investors at all levels; from first-time home buyers to seasoned real estate investors or would be landlords.
“The real estate industry is constantly evolving as it becomes more sophisticated and challenging; therefore, you need to work with a professional brokerage to be ahead in the game,” said David Pylyp.
Are you ready for this shopportunity when more listing come on the market in September or will you be on the sidelines. Register now for your private shopportunity interview.