In August 2014, the real estate market was up almost 9% from the previous year. Housing statistics have shown that there is more demand for housing than there are homes available in the Greater Toronto Area. Ilan Joseph, as a real estate agent in Thornhill, hopes to aid customers when making real estate offers and currently proposes 3 basic, yet helpful, tips that should be taken into consideration before making an offer on a home.
- Make Sure You Have Obtained Financial Pre-Approval
Prior to making an offer on a property, it is good practice to ensure that you are financially able to do so first. This is especially necessary in the current Thornhill real estate market because even though you may be able to afford the price that was initially set, competitive bidding wars with other buyers may occur. It is also a good idea to compare how much other properties in the area were recently sold for and make your own judgements accordingly. It is imperative that before buyers make their real estate offers they obtain financial pre-approval in their price range.
- Make Sure You Understand Everything You Sign
As with all fine print and legal documents, it is necessary to comprehensively read absolutely all real estate buying documents before signing them. Moreover, it is not only important to read everything but to also understand it; a real estate agent in Thornhill can guide you the purchase agreement and help you comprehend anything you may be unclear about.
- Make Sure You Ask Questions
In addition to reading the fine print, it is crucial to ask all the right questions, otherwise after making your final purchase you may find a few unwanted surprises. Although a home may look as though it is in good condition, there are certain damages that can be covered up relatively simply. For example, flood damage can be easily concealed with paint and remain undiscoverable until a purchase is finalized. Asking questions about any unknown damages and having a professional home inspector visit the home is essential.
There is nothing more exciting than purchasing your own home, but Ilan Joseph and his team caution that unless you take all the necessary precautions, you may be disappointed with your investment. As a Thornhill real estate company with over 45 years of accumulated experience, Ilan Joseph and his team are devoted to aiding both buyers and seller of real estate in the Greater Toronto Area. For more information on the services available, visit the Ilan Joseph website at https://www.ilanjoseph.com or contact them directly at:
ILAN JOSEPH (VAUGHAN OFFICE)
1206 CENTRE STREET
If you have any questions about the home buying process or would like some information about the Toronto, Vaughan or Thornhill real estate market, feel free to contact me.
CONTACT ILAN NOW FOR A MORE PERSONALISED SEARCH EXPERIENCE!
Ilan Joseph is a Real Estate Broker with Sutton Group and is co-founder of a 10-person award-winning Toronto, Thornhill and Vaughan real estate team.
You can find him on LinkedIn, Twitter, YouTube and Google+.
For over 11 years, Ilan has provided more than 1550 buyers and sellers valued advice and service, enabling them to reach their real estate goals.
He’s kind of like the Bruce Willis of real estate.