Whether you’re a first-time buyer or making a change, there are a lot of factors that can affect your condo purchase. The WEIR Team can help streamline the process and make it enjoyable – from start to finish. When you’re buying a condo, there are some basic but very helpful things to remember.
Make sure your feet are planted firmly on the ground.
You need to start with a realistic assessment of your financial situation and an understanding of how that relates to the house that you’re likely to be able to buy. Because the whole process will be much more enjoyable if you know what you can afford.
It’s very important for buyers to understand the difference between even minor differences and affordability. It creates a realistic target and a workable set of parameters for the hunt. The advantage is to make the best use of your time, and to minimize disappointments.
Start with a good understanding of what’s most important to you.
Every condo offers a different combination of amenities, services and fees that work together with location, design and square footage to affect its appropriateness for you. Then there are considerations that are driven by market conditions. We can help you to see how all of these factors come together as a guide for choosing the investment that’s right for you.
Be ready to change your mind.
Most of the ideas that you have about what you’re looking for are based on “pre-search” parameters. Very often, once you get out there, you find that the realities of the market don’t line up with your preconceived vision. Not being able to roll with the differences can lead to frustration. That’s why we suggest that it’s always better to expect the unexpected and be ready to fall in love with the place that you didn’t know existed, than remain dedicated to the one in your mind’s eye.
For our part, we have a process that’s designed to give you a really good understanding of your options, so that if new considerations do come onto the table, you’ll be prepared to consider them.
You’ll get the condo you belong in.
For the most part the current condo market in the GTA right favours the buyer. There’s a lot of product out there, and more are being built. But that doesn’t mean you can pick and choose and expect to pick something up at a steal. It means you have the opportunity to buy without pressure.
Taking the time to pick what’s right for you means being prepared to hear “no thanks” when you make an offer. We give good advice about knowing when to offer more and when to walk away. In the end, the most important thing is your long-term satisfaction with the deal you make.
There is a process, after the deal is signed and you’ve had a chance to move into your new home, wherein people transform their new purchase into their new homes.
It starts with the first decision that reflects your tastes, and it continues until everything is in place and you feel that sense of real ownership. We like to stay in touch with our clients from time to time through this period. Why? Because we get satisfaction from your satisfaction.
Thinking about buying a condo? We’d love to help you. Just let us know what you’re looking for in the form below, and we’ll take care of the rest.