All posts for the month February, 2017

Attention: Investors

Price: $950K
Type: Two Storey Home need some TLC
Bedroom: 4+2
Washroom: 4
Location: Warden (Eglinton or Lawrence) In between Lawrence and Eglinton on Warden
Acreage: 40 x 125 feet

Remarks: Close to all amenities Centennial College and is in a good high end location in Scarborough. This property can be easily go for $1.3M once it’s renovated.

Note: This is exclusive listing and require BRA just for this property prior to showing

Imagine finding a home you love, making an offer, and then finding out there are other competing offers on the table. Ouch.

If you’re looking for a property in a competitive market, it is likely that there will be multiple offers. Even just one can create the risk that you’ll lose the home. So how do you make sure your offer is enticing enough to win over the buyer? Here are some ideas:

  • Don’t make a low-ball offer. If you do, it might be dismissed and you probably won’t get another chance to bid — especially if the other competing offers are near the listing price.
  • Have a pre-arranged mortgage and include that with your offer. This reassures the buyer there won’t be any money issues. (Most lenders will provide you with a pre-arranged mortgage certificate for this purpose.)
  • Go in with a price high enough that the buyer will be interested, but not so high as to be leaving money on the table. This is tricky and requires a savvy knowledge of the current market.
  • Have a REALTOR® present the offer on your behalf. A REALTOR® will know how to do so professionally, and in a manner that gives you the best chance of getting the home.

In a competitive situation, working with a REALTOR® who is an expert on the local market — and a skilled negotiator — is crucial.

Looking for a REALTOR® like that? Call today.