Figure out what you want, what you need, what you're willing to compromise on or not, whether you're downsizing or upsizing, or if you're looking for a specific school district, all of which will shape your purchase, she said.
"My biggest piece of advice to clients is you don't want to be sitting, eating your Minute Rice, in your new home," Reddy said."I would say in my experience, supply and demand is most important and January and February, traditionally, are quieter months," Reddy said. "There's not as much supply and there's typically quite a bit of demand."
While this presents a great time to start thinking about entering the housing market, she said potential sellers should know the reasons why they're moving and what their next steps will be before committing to anything. "People always say to me, 'How long is it going to take? How much time should I expect? What's this going to look like?' And I think in my experience, if you're probably working between three and six months that's a reasonable amount of time that you're going to be dedicating to looking at the purchase and the sale and working the two together. And then probably another three months for closing," Reddy said.
Watch the full interview with Erica Reddy at the top of the article. With files from CTVNews.ca Writer Tom Yun, CTVNews.ca Producer Jennifer Ferreira and The Canadian Press
If your house is sheeted up with THAT shown in picture and not plywood, immediatly the value is 50% less than advertised price. Chipboard rots, is more flammable, and NOT good. $105,000 MAX for that structure and that includes ALL of it. Cheap construction. DO NOT BUY.
Poll: Is CanadianPM corrupt? ⚠️ HOUSING MARKET FRAUD
Paying millions of dollars for a few pieces of wood 🤪
I don’t know if I can believe anything media or government says anymore. Bought a house with 1.2% variable after being told rates would be low for a long time by media and government. 6 months later, I hit my trigger point and my new payment is over 50% more and amortization 30yr
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