How To Prevent Overpaying For a London Ontario House

Overpaying for real estate in London Ontario over the past few months is occurring more often than not and I have heard the following statements from buyers and Realtors.

happy buyers

 

  • “There is nothing I can do about it”.
  • “That’s just the way the real estate market is right now.”
  • “There is nothing else out there”

Really?

Learned helplessness is a condition in which a buyer adapts to the scarcity mindset, the fear of loss and instant gratification and overpays for a house in London Ontario and feel that there is nothing they can do about it and that the acceptance of their offer is totally out of their control.

Yes, the real estate market in London Ontario is vibrant and as a Realtor, that is quite positive yet the consequences of overzealous buyers and their representatives actions will have a negative effect , as history has proven over and over that the axiom “What goes up must come down”, holds true.

As a home buyer in London Ontario, you have choices and there are strategies you can take to ensure you do not over pay and get caught up in the frenzy.

 You cannot ever overpay with the research and the facts we provide to our clients!

Finding a Home To Buy In London Ontario Should Not Be a Puzzle

  Finding a Home in London Ontario Should Not Be A Puzzle!

If I brought you in a room and in a pile on a table in that room was a 1200 piece jigsaw puzzle with no picture of the completed puzzle on the box and then asked you to put it together, where would you start?

Thinking about buying a house in Uplands

I am sure eventually you would be able to put it together over lots of time and lots of trial and error and some frustration! But why go through the hassle if all you needed was the picture?

Well, buying a house or condo in London Ontario is no different!

If you had a picture in your mind of exactly what you wanted and needed in a house, do you not think that the buying process would be easier and in the long run, save you money?

Here is a scenario that is frequently a request that we receive:

   “We are looking for a house in __________________________ 3-4 bedrooms, 2 bathrooms, garage and between $____, 000 and $___, 000.”

  “We would like a master ensuite, fenced back yard etc.”

      A puzzle to Buy a Home                          

                                  

Yes, you may have decided on a one floor home versus a two story, maybe even a neighbourhood or close to a particular school or your work.

Over the years what our clients have really appreciated is what we call a market education.

We sit down with our clients and take the time to narrow down your must have’s, your lifestyle preferences, your budget, your comfort zone and after that we are getting close to having a picture of your needs.

We then go look at 4-5 homes with the intent of not buying any of them! We are solely getting a clearer picture of what you would really like and can afford in a home. After this 2-3 hour tour and analysis, we have found that  90% of the time, our buyers have a clear picture and now can act on the home that matches their picture!

Our clients know comparative prices; know the right neighbourhood, the right style of home and the necessary amenities that match their lifestyle.

I will agree that this process may not be for everyone but over the years it sure works for our clients and their level of satisfaction is very pleasing to us and a barometer of our values and work ethic!

In 90% of cases, a real estate sales person’s role is not to be a home finder. That was what real estate people did in the 80’s & 90’s, consumers  did not have access to  the vast amount of information that is available today.

Home Buyers in London

A good real estate person’s advantage and skill is to be an interpreter of data, a consultant, an advisor, a professional negotiator who ensures that not only is the price right, but the terms and conditions of a complex transaction are well managed from start to finish.

32 Minutes Will Make Buying A Home in London Ontario Easier!

First, Second ,Third Even Fifth Time Home Buyers

Ask Sutton Group Envelope Real Estate


Have you been driving around looking at open houses, searching the web, picking up real estate magazines in a constant search for a home? Then find one that you fall in love with and its been sold or a little out of your price range? It gets to be frustrating and a waste of time to say the least.  I know the feeling; I was there once myself.  The problem is most home buyers  just don’t know where to start. 

So you ask many of the Realtors you meet  questions about home buying and get different answers, becoming  even more confused.  Well there is a right way, and a wrong way, and the best way of getting the right house, and at the right price.  You want accurate and proven information (facts) that will guide you through the jungle of home buying with ease and success.

Have you or will you face any of these situations?

  • You’re looking to make one of the most important purchases of your life and you don’t want to get burned because of not knowing whom you can trust, or making a mistake that could cost you thousands of dollars later.
  • You do not know the values in the marketplace and you want to be assured of getting the most that you can for your money, without having any regrets after your closing?
  • You’re feeling out of control because there are so many unanswered questions. Making it hard to know where to start.

Is there an easier way to go about it?

If any of these situations sound familiar,or, you do not even want to go there,  then we  can help you prepare you for the purchase of your next home.  Doesn’t it make sense that in order for you to make one of the most important decisions in your life you should be well informed and have all the facts?

I say that because I was in your shoes.  In fact, I was once facing every one of the above situations.

Just 32 Minutes of Your Time Will Save You from “Years of Headaches”

How? Give us a call 519-435-1600 or contact us, we will arrange to set up a brief get together, you tell us what you want and when and we will offer some suggestions and leave you with some great information.

Call 519-435-1600

You are under no obligation what so ever, you don’t have to sign anything, don’t bring a thing, not even a pen, just yourself or you and your partner, we might even offer you a free coffee or water!

 

 

 

Eliminate Fear When Buying a London Ontario House

Most house buyers have many fears when getting ready to buy a home, whether it is the first time buyer or a couple who have bought and sold 5 homes in their lifetime.

fear of buying a home

Most of those fears are normal and that is a good thing. However:

F false

 E evidence

 A appearing 

 R real

I have worked with hundreds of home buyers over the years and I have found that most of their fears were of the unknown or worst of all, here say by family, friends and co-workers. My role as a professional Realtor is to address those fears, acknowledge them and then overcome those fears with factual information, not my perceptions but the real world of real estate reality.

The fear of buying the wrong house, over-paying for it, defects, financing and location can in 99% of the time, can be overcome with due diligence.

The fear of being happy in that home, entertaining and appreciating in value is internal and way above my paygrade to offer advice!

In the end, common sense, being practical and keeping your emotions in check will be your best friends.

Do Not Overpay When Buying a Home in London Ontario

Overpaying when buying a home in London Ontario over the past few months is occurring more often than not and I have heard the following statements from buyers and Realtors.

happy buyers

 

  • “There is nothing I can do about it”.
  • “That’s just the way the real estate market is right now.”

Really?

Learned helplessness is a condition in which a buyer adapts to the scarcity mindset, the fear of loss and instant gratification and overpays for a house in London Ontario and feel that there is nothing they can do about it and that the acceptance of their offer is totally out of their control.

Yes, the real estate market in London Ontario is vibrant and as a Realtor, that is quite positive yet the consequences of overzealous buyers and their representatives actions will have a negative effect , as history has proven over and over that the axiom “What goes up must come down”, holds true.

As a home buyer in London Ontario, you have choices and there are strategies you can take to ensure you do not over pay and get caught up in the frenzy.

If you never ever want to overpay for real estate, I will not let you!

Buying a Home in London Ontario & Co-signing?

What are the consequences if your daughter and her husband want to buy a home, but recently asked you to “Co-Sign” on the loan?

buying a house in London Ontario

There’s nothing wrong with helping a family member or close friend with buying a home.  However, co-signing on a loan should be done with great care and knowledge of the consequences.  Co-signing means that you are extending your personal credit for the benefit of someone else.  Problem is, if the borrower defaults, the lender will look to you for full repayment.

So you’re not really a co-signer, you’re a co-debtor.  Here are a few tips that may prove helpful when co-signing:

Although you’re co-signing, make sure your co-borrower is putting cash into the transaction.  The more they put in, the lower your risk.

Obtain a credit report on the person you’re co-signing for, even if it’s another family member.  If they’ve defaulted on other debts, there’s a good chance they’ll default on the debt you’re co-signing.

Ask the lender to release you from the loan when the principal balance is reduced to a certain amount.

Examine how your credit rating and ability to borrow will be impacted.  Co-signing on a loan can sometimes impact your ability to get financing if you need it.

Make sure you’re name is listed on the deed as a co-owner.  And by all means, speak with a good real estate lawyer.

If the home is sold, will you share in any appreciation or gain in value?

These  are only a few of the consequences let alone the dis-harmony between family or a friend. I have advised and helped many families over the years, so not only is a competent lawyer and lender required, but a real estate person with your interests in mind.

The Only London Ontario Home Buyer Guarantee

Love it or Leave It” London Ontario’s Only Home Buying Guarantee

100% Home Buyer Guarantee

If you obtain a home through Sutton Group Envelope Real Estate Brokerage and you are not 100% pleased with it, we will sell your home for you for FREE! We offer this guarantee within the first 24 months after you purchase the home.

Why? 

We want you to be totally satisfied with your home and will do everything to get you into a home that you will love…Guaranteed!

We are confident that we have the ability to listen to you and to being dedicated in finding the “Perfect Home” for you.  We take 100% responsibility; we offer no excuses and no finger pointing.

That’s why we are willing to work for FREE if your home isn’t everything you expected it to be.  You have nothing to lose,

There is some fine print and here it is:

This home buying guarantee excludes commercial properties, investors & students.

Trouble Buying a Home in London Ontario?

Are you spending countless hours searching MLS, real estate magazines, weekend classified ads and real estate websites looking for the ideal home for a great price and in a great neighbourhood?

 Why?

searching to buy houses in London Ontario

By Yourself?

Quite a few home buyers do that in the thinking stage which is a great idea , but, when you think you are getting close, are you aware you may be missing out on some great homes that sell in a day, or a home that was priced agressively, a good income property or a home in that special neighbourhood of London?

Do you think you will get a head jump on others by searching daily or weekly? Avoid paying commissions? Avoid a pesky or bothersome real estate person (don’t blame you)? Get a deal?

Regardless, real estate changes, people change, neighbourhoods change, mortgage rules change and the motivation of buyers and sellers change.

So how do I, as a real estate professional, as a Broker of Record and Owner keep you, the curious, the maybe, the must have by the end of the month, the retiree, the downsizer, the upsizer, the tire kicker, deal maker, bread winner or just plain ready to move informed about real estate in London Ontario?

My asociates and I view a lot of houses and condos daily. We constantly are researching properties, even For Sale By Owner (FSBO) properties.

My tastes are different than yours, my perspective of neighbourhoods, price affordability, style of home, school district, what side of the tracks, how close certain amenities are and I bet, hundreds more.

So how do I help so many home buyers in London? These clients say I listen and listen and listen and  take the time to research and plan.

There is a catch though!

What is the Catch?

I don’t know who you are! Buying a home is something I help hundreds of buyers do, why not contact me and at least see what I have to offer.

I have built my business on service, by understanding what my client’s need and want and being a provider of real estate information. The tips and ideas I provide are a great business tool and I appreciate those who see the value in them and who truly want expert advice.

If that is you, raise your hand, it will not cost you anything, you are under no obligation and I promise you, you will be happy that you did!

 

London Ontario Home Buyer Worries?

  One of the ways to solve 3 London Ontario home buyer worries and concerns that occur with almost every home buyer is to break down those worries and to fully understand the process of home buying in London Ontario.
  1. Buying real estate is one of the largest purchases for most in their life and the fear  a of not knowing whom to trust, or making a mistake that could cost thousands of dollars years later. (Check out these questions you may want to ask a home inspector, a lawyer and a Realtor)
  2. Not being sure of the prices,availability, neighbourhoods and the selection of homes and being assured of getting the most for your money, without having any regrets afterwards.
  3. Feeling out of control because there are so many unanswered questions.  Making it hard to know where even to start.

These happy buyers had their 3 London Ontario Buyer worries answered

Is there an easy way to buy or sell a home? Not really! It takes time and being careful

If any of the 3 concerns sound familiar, doesn’t it make sense that in order for you to make one of the most important decisions in your life you may want to be well informed?In the current active London Ontario marketplace, the inventory of homes is low, the interest of buyers is high and with many buyers coming from the GTA (Greater Toronto Area) the demand is high. When demand is high, prices can rise, the fear of loss can occur and then, emotions cause some to cloud their judgement!

Do you not think it would be more prudent to understand exactly what is going on in the marketplace and not rely on someone else’s perceptions or erroneous opinions, get the facts, the brutal truth, check your emotions at the door and then proceed?

That is what these buyers did!

Do You Really Know What You Want When Buying a House in London?

 Do You Really Know What You Want When Buying a House in London Ontario?

I would say that after helping hundreds of home buyers, they do know what they want and that usually changes after seeing a few homes and then they really know what they want!

I call it market education, a system I came up with that really helps buyers and these clients can attest to that!

A great way to get a handle on your wants is to take a good look at your where you are presently living, regardless if you own your home or are renting.  What do you like about it?  Do you like its open floor plan?  Do you like the kitchen and eating areas?  Do you like the common area layout?

List out everything you like about your present home, or homes you’ve visited.

Now, let’s take a look at what you don’t like about your home.  Do you hate the mansard roof?  Do you dislike the master bedroom layout?  Are the bedrooms too small?  Is the kitchen too far from the garage, or too dark? Too small?

If you dislike something with your present home, you’re going to dislike it with your new home.  So the better you can identify these items, the more likely you are to avoid them.

What do you want when buying a house in London Ontario

Here’s a good suggestion: Take out a piece of paper and draw a vertical line down the middle.  In the left column, write down everything you like about your present home.  In the right column, write down everything you dislike about your present home.  It’s also important you understand WHY you dislike something.

Now, from your list of “likes,” let’s compile a list of features you want for your house.  Here’s an important tip that will help you really narrow your focus.

Take out another sheet of paper and put two columns on it.  On the left hand side, you will be listing out the features of your home.  And on the right hand side, you’ll be listing out the benefits. For each feature, you want to list the benefit of that feature

Features tell you what something IS: two bedroom, two baths, 2-car garage, etc.  Benefits tell you what something DOES.  Benefits fulfill desires.

For example, a great room concept (feature) will be ideal for entertaining friends and family at special times (benefit).  So on the left hand side; you would put “great room.”

And on the right hand side, list out all the benefits (or reasons) for the “great room” design:  family entertaining, business entertaining, Christmas holidays with the family, etc.

Understand What Each Other Is Looking For, And Why

If you’re a husband and wife looking for a home, this exercise will eliminate many disagreements down the road.  You will both understand what the other wants, and WHY they want it.

I recommend you rank each feature in terms of its importance to you and your spouse.  You’re both going to live in the house, so it may be wise to know what the other is looking for. If you are single, do this as well, you never know when that perfect person shows up and if never, no harm in going through the exercise.

Gourmet Kitchen in London Ontario

For example, a well designed gourmet kitchen (remember, list ALL the features of the kitchen you’re looking for) may rank high with a woman, while having a man cave may rank high with a man.  Or vice-versa. Try to understand each other’s priorities. If you have been married for a long time, hopefully you know that by now.

A Lot of  People Have More Dreams than Money

Ranking will also show you areas you may need to eliminate because of price constraints.

And by having each person rank the importance of the features they want, you won’t be eliminating a high priority item and putting additional stress on an already stressful time.

More about “Market Education”