The real estate industry doesn't talk nearly enough about home values. If, as your Durham Region Realtor, we viewed a home our first day out together and you compared it with nothing else, how confident would you be that the home was worth what I told you? If we showed you a list of other homes and mapped them out and made adjustments for changes in the market, upgrades, location, etc, would that help? If we compared similar homes that had recently sold within the same area of Durham Region with identical features, would that help?
We have determined that for most buyers, the best way to feel confident about your home purchase is to be educated on the Oshawa / Whitby Real Estate market before you buy. This is why it is essential to work with a realtor that lives and breathes real estate, know the in's and out's of the area, and can clearly identify the values of homes with an expert's perspective.
The perfect time to get serious about understanding the Oshawa/Whitby real estate market is roughly 1-2 months before you are ready to buy. Prices have been rising steadily and market conditions change fairly quickly so if you start to look too soon, you will just have to re-educate yourself on home values when you are ready.
Once you are within a few weeks of wanting to buy (typically 2-3 months from actually wanting to move), we go out to see 3 or 4 homes. We typically pick homes of various styles, neighbourhoods and price points (within your range) so we can get a feel for your preferences in person. As we tour around, we talk about the different neighbourhoods, schools, etc. We discuss things that are happening in Oshawa and Whitby, what future developments are underway (407, new home developments, schools) and what services, recreation centres, commuting options, etc. exist.
We know that buyers love to look at homes on line and view virtual tours on the web. There certainly isn't any harm in this, although this alone, will never give you a great feel for the value of an area.
A home's true value can't be based on how it looks alone. In order to understand value, you need to put the home in context with its surroundings and understand all the factors at play (i.e. coveted neighbourhoods, desirability of schools, commuting options, premiums attached with ravine lots, etc). These are all things you can't figure out from listing photos alone not to mention how misleading some of those online photos can be!
The other advantage to seeing homes in person is that it will stand out in your mind more than a mere online posting. Once we take you out, we make sure we update you on the final sale price of the homes we went to visit. This gives you a much better idea of what types of homes sell quickly and for how much they sell (which is often VERY different than their original list price).
Once you have seen a number of homes in your desired area of Oshawa / Whitby (for some people the magic number is under 5 and for others it is closer to 10), you will have a good grip on not only how much a home is worth but also on the home buying process. This usually coincides right about the time you were originally hoping to buy which makes it easy to recognize the perfect home quickly and buy with confidence.
If you are looking to buy or sell real estate in Durham Region, Oshawa, Whitby, Uxbridge, Courtice, Bowmanville, Brooklin, or anywhere in Durham Region call James Bryant or Patrick Bryant at your convenience. We can be reached at any time at 905-441-7733 or Bryant@sutton.com