Tips for Buying a Home in the Spring

The spring housing market offers buyers an excellent selection of homes.  However, with these extra choices comes added competition.  As the premier real estate agent for homes for sale in Springfarm-Yorkhill, I would like to offer these tips on how you can take advantage of the spring real estate market and find your dream home.

Visit the Bank

When you find your home, the last thing that you want is for a hold up from your bank.  Before beginning your quest for that perfect home, take the time to get pre-approved.  A visit to your bank will give you the following information:

  • The amount you will be approved for.  This will give you a number figure for your down payment as well as the maximum price range for your home.

Know What You Want

Know what you are looking for in a home before starting your search.  The spring real estate market can be overwhelming, and the possibilities may seem endless - by knowing what you are looking for in a home, you will save time and be able to narrow your search down.  Sometimes the location and neighbourhood are more important than the actual features of a house.  Do your homework before venturing into the spring market.

Don’t Sleep on It

The competition in the spring real estate market will leave you with little time to make a final decision on your dream home.  You will want to put in an offer as soon as possible once you find your home.  What you will want to avoid is a bidding war or another interested buyer putting in an offer before you. 

Be Prepared to Pay

It is important to not get too caught up in finding deals in the spring real estate market.  The added competition will probably mean that you will pay full market value for your home.  Ask your agent to compare the home’s asking price with other comparable sales in the neighbourhood or area to see what the home’s actual value is.

Here’s the deal:

If you have found that perfect home, try not to worry about paying a few thousand dollars more for it.  Over the course of your mortgage, that extra money will be almost irrelevant.

The key to finding your dream home in Springfarm-Yorkhill’s spring real estate market is preparation.  By being pre-approved and knowing what you are looking for, you should be able to find a home that suits all your needs in no time.  If you are interested in the exciting real estate options that abound in Springfarm-Yorkhill’s real estate market, please contact me today.  I look forward to working with you soon.