Top 5 Tips for Buying a Home in Vancouver's HOT Real Estate Market | Vancouver Real Estate Agents

Top 5 Tips for Buying a Home in Vancouver's HOT Real Estate Market | Vancouver Real Estate Agents

Top 5 Tips for Buying a Home in a Hot Real Estate Market


Top 5 Tips for Buying a Home in Vancouver’s Hot Real Estate Market

1. Be Number Savvy.

Always start by talking to a mortgage specialist and get pre-approved. Knowing what the bank will lend you and how much your monthly mortgage payments will be reduces stress and can speed up the buying process when you have an accepted offer.

2. Be Available.

When new listings come up on MLS, the FIRST and ONLY chance to see the home will typically be on the first weekend.
Make sure you’re available and put home shopping on the priority list so you don’t miss out on a great property.

3. Be Ready for Multiple Offers.

Think like a seller! What would make you chose one offer over another?
Money talks but it isn’t always everything. Having flexible closing dates, reasonable subject clauses and a quick subject removal date can also affect a seller’s decision. Write your best reasonable offer that is within your shopping budget and walk away with no regrets.

4. Be Investment Minded.

You have to love the home you buy, but don’t let emotions cloud your numbers game. Think like an investor. Focus on what the property will potentially BE worth in 5 years, rather than what it is worth right now. Ask yourself, is this investment worth paying X amount if it will appreciate this % within X period of time.

5. Be Patient.

You may not get an accepted offer on the first home you write on, or second, or third.
Review your offer strategy, stay focused and keep shopping because there is a better property out there waiting for you.


Vancouver Real Estate Agents

Empyr Living is a boutique real estate agency in Vancouver BC. Our real estate agents are experienced specialists in buying and selling real estate in Vancouver.

Looking for a house for sale in Vancouver? We can help. Call us at (604) 889-3368 today!

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