The GTA Real Estate Market is currently Sheer Madness. Is it better to buy any home, even a fixer upper at this point?

Greetings friends,

 

Yesterday was my wife's birthday, happy birthday to her!

 

Over the weekend I met with a few people that made me think.  The real estate market has buyers scared since prices are so high while being very competitive. So what is the point of looking?  A tenant told me they can not seem to find anything they like for their buying budget and would rather just lease for a couple of years instead.  Is this a good idea?

We explore this concept: is worth waiting or better to just buy whatever you can actually afford, even if the home you can afford is not great.

Or stories include clients who bought and sold homes in a short amount of time, even being very apprehensive about their purchases.  We will review what happened and how much money they made if at all.

Clients who bought homes that looked terrible inside and others that bought homes that looked good inside and terrible outside!  A client that bought for a lot of money in competition a few years ago and how they feel now.  Finally my own example!

 

Enjoy!