Working with a realtor is advantageous
Chad writes a column for the local Toronto Metro newspaper called Condo Q & A. The articles previously printed in the Metro News are reprinted below. Read on for great advice and tips on condos, lofts, and townhomes in Toronto!
Q:
I have been looking for a condo for a while, but every time I call about a property advertised in the paper it is already gone. How do I get to see these properties before they are already sold? — Steve C., Toronto
A:
Looking at ads is a good way to get an idea of what general price ranges are, but it is not an accurate barometer of what is going on in the market. You have to realize that when you are looking at ads in the newspaper or other media, you are seeing only a very small percentage of the actual listings, less than 5 per cent. If every home for sale was advertised in your favourite newspaper, then it would probably look more like a phonebook than a newspaper.A realtor who is a member of the Toronto Real Estate Board has access to nearly every listing available through a central computer database and will be able to show you all available condos. This gives you a distinct advantage over other buyers calling random listings. Another advantage is you will see new listings as they hit the market daily. Most print media has a deadline for advertising, therefore anything advertised as new may have already been on the market for a week or more.The best-priced listings do not stay on the market for very long; they sell quickly to buyers who see them first. Working with a realtor will increase chances of finding your dream condo.
Tags: condos, real estate, real estate agents, realtor, toronto
