How to Buy a Home in a “Hot” Area

December 30, 2018


Is there an area you’d love to get into that’s “hot”? In other words, an area
where, as soon as a new home comes up for sale, buyers are clamouring to
see it?

It can be intimidating to try to buy into a neighbourhood like that. On one
hand, it’s the type of area you’d love to call home. After all, there are good
reasons why it’s so popular! On the other hand, you might be discouraged
by the competitiveness and prices.

If you want to live in that neighborhood, there are a couple of things you
can do that will increase your chances of success.

The first is to create a strategy. Most buyers rush to see a listing in a
desirable area only when it shows up on MLS — or sometimes only when
it’s advertised. You’ll have a better chance of getting into the neighborhood
if you are alerted the moment a property comes up for sale and you have
pre-arranged financing. You’ll get to the head of the line and be ready to
make a credible offer.

The second option is to consider targeting other neighborhoods with
similar characteristics. You may have long-dreamed-of living in
Prestigious Area A, yet there might be a Hidden Gem Area B that is just as
good. Maybe it’s even better!

Ultimately, your goal is to find the home you want in a neighborhood you
like. The right strategy will get you there.

Contact me for more information.