Right now, South Etobicoke real estate is in an interesting place. While the market certainly feels balanced, both buyers and sellers have some unique advantages that they can work with (if they’re willing to be strategic).
As a professional real estate agent and South Etobicoke local I know everything there is to know about our unique market. Whatever you’re looking to accomplish, I have the insights and experience to give you an edge over the competition.
In this blog, I’ll take a closer look at buying a home in today’s market – and how you can get the best result possible with my industry insider tips. Let’s get started.
Use Today’s Market to Your Advantage
My first insider tip is to use today’s conditions to your advantage.
Just a few years ago, real estate in South Etobicoke was red hot. Homes were selling at record speeds and prices – sometimes within hours of hitting the market. As you might imagine, this wasn’t the easiest time to be looking for a home. Not only did buyers have to get creative and outbid their competition, but they also had to find a home that met their needs at a time when inventory was pretty low.
Today the market is much cooler, which is great news (at least for buyers). For starters, there is a lot more inventory available. This means you have lots of selection to work with and can take more time looking for the right home for you. There are also fewer active buyers to compete with. This can make the process a little less stressful and reduce your chances of getting caught in a budget-stretching bidding war.
So, with all that in mind, simply starting your house-hunting journey in today’s conditions will give you a big leg up compared to a couple of years ago.
Want to buy a home in Etobicoke? You’ll want to know a few things before heading to the market. Read these blogs to learn more.
- How to Buy a Home After You’ve Already Sold the One You Live In
- What Should You Know About Buying a Power of Sale Home in Etobicoke?
- Your Guide to Upsizing in Etobicoke: From Condo Living to Your Dream Home in 2025
Prepare Your Budget
While the current market in South Etobicoke may be moving a little slower, things could pick up at a moment’s notice. That brings me to my next piece of insider advice: organize your budget in advance.
Searching for a new home can be relatively time-consuming. So, the last thing you want to do is finally find the perfect home for you, only to realize it doesn’t actually fit your budget. A setback like this could cost you valuable time and potentially cause you to miss out on the ideal market window.
Instead, it’s a good idea to know what you can afford in advance. A great way to do this is by getting pre-approved for a mortgage. Not only will pre-approval give you a fairly accurate idea of your financial power, but it can also increase the odds of your offer getting accepted.
It’s Not Just About Price
One of the big perks of buying a home in today’s market is increased negotiating power when it comes to price. However, that’s not the only aspect of your home sale that’s up for negotiation. So, my next insider tip is to leverage your market position to the fullest extent. In other words, optimize every last detail of your sale agreement where possible.
For instance, if you’ve already sold your home and your move-out date is set, why not negotiate for earlier possession of your property? This will give a greater buffer for moving your belongings and can make things less stressful overall. Don’t forget to include a home inspection condition also. This allows a professional inspector to verify the home’s overall integrity before the deal closes and is an important part of protecting your investment.
Local Knowledge is Key
Saving the most important tip for last, my final piece of advice for buying a home in South Etobicoke is this: hire a local real estate agent who works exclusively in the area.
South Etobicoke is a distinct bubble within the greater landscape of Toronto real estate. Around here, industry trends don’t always follow the same path as downtown or anywhere else in the city. If you choose to work with an outsider agent, you could have blind spots when it comes to filtering inventory, placing an offer, negotiating, and more.
Buying a home for the first time? Check out these related resources from my blog!
- Buying a House Under $1 Million in Etobicoke? Here’s What to Expect
- How Much Does It Cost to Buy a House in South Etobicoke?
- Getting to Know Etobicoke’s Starter Homes
Buying in South Etobicoke? I Can Help
In South Etobicoke, working with a local expert is an essential part of finding a great home. That’s where I come in!
With more than 20 years of professional experience, I know South Etobicoke’s homes and communities like the back of my hand.
Whether you’re just looking to buy, or you also need to sell, my refined expertise can help you make the most of your move!
Thinking about buying a home in Etobicoke? I can help! Call or text me at 647-239-7587 or send me an email at melissa@southetobicoke.com to get started.
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