Race to the Bottom

There isn’t a single buyer who benefits from a bidding war. When two or more purchasers enter into a bidding war for a home, only the sellers win. Real estate markets with intense competition, in particular big cities like Toronto, can result in a difficult buying process that ends up inflating the cost of real estate.

The economics are simple: demand for a limited resource always ends up in a price spike, regardless of whether or not the commodity is worth the price. In order to get the best bang for your buck when buying a home, avoiding competing buyers helps to reduce the cost of your investment.

Have Your Own Home Built

Get a new home built just for you, without the need to worry about other people bidding it out of your clutches. You can lock up your dream home in nearly developed areas, such as the ones we offer.

These types of homes are built strategically to provide fantastic quality and a neighbourhood plan ideal for families. Since many of these projects take place on parcels of underdeveloped land, builders choose locations that are far enough from hectic locations, but close enough to enjoy the conveniences of the big city.

Previn Court has been creating custom homes and building neighbourhoods from scratch since the 1970s.

Avoid Hot Markets

For several years, Canadian real estate has been in a continuous boom, with prices and demand for homes rising on a consistent basis. Toronto, Vancouver and Calgary have witnessed some of the strongest gains, which have resulted in skyrocketing prices, restricted availability and frantic development of condos to help cater to rising demand.

As a whole, over the past decade, the Canadian real estate market has accelerated rapidly, party due to Canada’s reputation as a steady economic performer during times of international economical strife. The influx of foreign investment attracted by Canadian economic stability, especially in Vancouver and Toronto, has resulted in massive quantities of real estate inventory snapped up in expectation of profit.

When you attempt to enter incandescent markets, you increase the risk of being burned by the intensity of the competition for limited housing stock. Finding areas that are adjacent to hot markets can result in a solid investment, particularly when buying a newly constructed home that guarantees you don’t have to worry about previous occupants.

Are You Interested in Buying a Home in Alliston?

Are you tired of living in downtown Toronto? Are you considering buying a home in Alliston? We can help. With over 35 years of experience, we have built homes for over a thousand families, including detached, townhome, and unique attached single units, and we can help you find the perfect home for you.

Contact us to let us know your desired number of bathrooms and bedrooms, as well as your budget, and we’ll send you priority updates and special offers on our beautiful new homes.

House hunting is a daunting task, and most of the homes you’ll come across won’t be what you’re looking for. Besides knowing what you don’t want in a house, there are a number of mistakes you could be making during your search for a new home, which could either make your process longer, or result in you purchasing a home with which you’re not happy.

If you want to get through the house hunting experience smoothly, and end up with a home instead of just a new house, try and avoid the mistakes we identify below.

1.  Doing It on Your Own

Realtors exist for a reason.  It isn’t that you’re not qualified (you’re probably not), it’s that you don’t have back-up. Besides the fact that it isn’t safe to wander into a random house for sale, the seller can pressure you into an unfair deal.  Your realtor can look into the value and check the place out for you and the representation won’t allow the seller to take advantage of you.

2.  Rushing Through the Viewing

When you’re visiting a prospective home, don’t let anything hold you back from scrutinizing every nook and cranny.  Your realtor won’t care, it’s their job to find you a right fit.

It’s too easy to miss glaring damage, deceptive storage space or entire rooms.  Don’t stop on account of the sellers – they were warned you were coming.

3.  Expensive Tastes

If you’ve fallen head over heels for the place you’re checking out and the price is slightly outside of your budget, don’t fool yourself into thinking it’s only a bit more than you were prepared to pay.

The reason why you should be disciplined and stick to your budget is a little thing called interest.  Whatever the amount outside of your price range, you will have to pay interest on it and it’ll be stretched over time.  This can really hurt your wallet and you’re better off stashing the money in an emergency fund.

4.  Getting a Fixer Upper

Don’t overestimate your construction skills because you watch a lot of home reno TV shows.  Unless you’re a contractor, odds are you’re going to severely underestimate how expensive it will be to flip your shabby looking home.

5.  The Terrible Trio:  LAM

Lead, asbestos and mold.  They’re all deadly and we’re afraid of them for good reason.  The thing is, unless your house was built yesterday, it’s going to have some of these elements somewhere, and being too skittish around any of these could mean missing out on the right home.

Sellers and realtors are by law required to disclose the presence of any of these.  Lead paint is only dangerous if peeling or at a junction and asbestos can be easily removed.  The cost of removal can usually be deducted, too.

Looking for a Brand New Home with No Surprises?

Finding the right home for your wants and needs can be very challenging, especially when there are lots of unknowns such as whether an appliance will break down or if the electrical will need to be replaced.  At Previn Court Homes, we recognize the peace of mind that a newly built home provides, and our friendly staff takes the time to introduce you to all of the features of our quality residences.

With over a thousand homes built over the last few decades, and plans to build thousands more, we know how to create houses that families call home, and we invite you to explore our models.  Contact us to learn more about our homes, or register for priority updates and special offers, and let us help you find your dream home.