Category: Real Estate Tips

The most important thing about moving is choosing the right neighborhood. What are the key characteristics to look for when choosing a neighborhood?

You can’t change the location of your home. Make sure it is in the right place.

6 things you should look out for in your neighborhood

1. Safety

Many homebuyers are concerned about the safety of their neighborhood. You should look for a safe neighborhood with a low crime rate.

Take a look at street lighting. Is the area well-lit? Are you considering buying a property near a well-lit area?

Is there a watchdog in your neighborhood? What is the crime rate in the area? Ask residents if they are walking their dog, or mowing their grass.

2. Commute

Consider your commute to and from the home. It’s not just about your commute to work. If you frequently travel, consider your commute to an airport.

Even if your work is remotely, it’s likely that you will be visiting the same places regularly. Perhaps you plan to visit a local physical therapist or take monthly business trips. You can find out what the commute costs to most frequently visited places by doing a quick search.

3. Walking Paths and Community Parks

You can take note of the community parks and walking paths in the area if you have children or dogs. You should look out for good parks, trails, and paths in your neighborhood.

Are the sidewalks in good condition? Are the playgrounds in good shape? Is the house close to trails and parks you enjoy?

4. School District

The school district in which the home is located is one thing you can’t change. This is why it’s important to find a great school district in your neighborhood. Ask your agent to provide information about the school district, including the reputations and test scores of the schools.

Even if your children do not live with you, or you are planning to send them to private school, the school district will be relevant for your resale. It doesn’t have to be a deal breaker. However, it is important to know that a less desirable school district may impact your property value when you refinance or resell.

5. Shopping, Restaurants, and Entertainment

Consider the proximity of shopping, entertainment, and restaurants. Consider the distance between your home and the grocery store. Also, consider whether there are nearby restaurants or coffee shops that you might enjoy.

Is there an event venue nearby? What about nightlife? These may be considered pros or cons, depending on how you live and what level of traffic and noise you enjoy.

6. Medical Facilities

No matter how often you need medical attention, it is important to find quality facilities in your neighborhood. Check out the reputations of nearby hospitals.

You should consider whether primary care providers are available near the property. How close is your home to any specialists if you need them? While many people are happy to commute to see the right provider for their care, it is important that you understand these details before you make your final decision.

We are available to assist you when you’re ready to move. Get in touch with us today to get going!

In Brampton’s always-hot real estate market, being outbid for almost any property is a frequent problem. There are, however, a few things buyers may do to help their bids stand out and beat the competition:

1. MAKE THE FIRST MOVE

Making the first serious offer has several benefits, and it raises the prospect that a seller will choose yours over other bids made later. If you are the first buyer, you have a better chance of receiving an offer that is above or equal to yours than if you were not the first.

2. SHOW YOU ARE READY, WILLING, AND ABLE

Communication is critical throughout the bidding process, and expert Team Arora’s agents can assist you in making your bid stand out from the crowd. Our professionals ensure that your conditions are clearly and on time delivered, that you are economically suitable, and that you may be more competitive. When you have a real estate agent with prior experience in local areas who is working hard to connect buyers and sellers, it makes things much easier.

We recommend that bidders present proof of funds (for example, a most recent bank statement) or an up-to-date preapproval from their lender as a sign of financial ability. Why not add all the proof you have to your claims, and use it as a selling point? This assures the seller that you’ve already taken all necessary measures to ensure that you can buy at the offered price. If the pre-approval on your account is outdated, or the offer price is greater than the pre-approved amount, take steps to obtain an updated letter from your lender. If you haven’t started this procedure yet, ask your agent to connect you with a recommended lender.

You may also convey your enthusiasm by writing a “buyer love letter.” Sharing data such as how long you’ve lived in the city and what initially drew you to the house can assist a seller to understand why you’re interested. This may have an impact on the choice between two potential buyers who are bidding very close to each other, particularly if the owners had occupied the property for a long time and were emotionally attached to it.

3. ASK QUESTIONS

Make a list of questions to ask the sellers, either directly or through your real estate agent. Most importantly, always inquire about why the seller is selling his or her property! Maybe the buyer is going through financial difficulties or is acquiring another property. Regardless matter of why these findings may assist you in better comprehending the seller’s objectives and intentions.

A fast and easy closing, for example, is worth more to a seller who will be buying another property in 45 days and financing the purchase themselves. A seller who is still looking for a new house might be seeking to extend the time it takes to close. The more data you have, the better prepared you are to compete against other bids.

4. CUT OUT CONTINGENCIES

Consider contingencies to be strings attached to your offer—the fewer there are, the simpler the seller’s process and, as a result, the more appealing your bid.

An inspection contingency, for example, allows a buyer to do an inspection after an offer is accepted. You should waive this condition if the equipment is in apparent excellent working order, or demand an inspection for informational purposes only, which means you will not get any money if anything significant is discovered.

Ready to get started? Schedule a call to be matched with our agents that can help you every step of the way.