Intro - Toronto real estate market background info | 0:00 - 0:57
Why we chose to buy first | 0:58 - 1:51
Our strategy | 1:52 - 2:14
What is a Flex Closing? | 2:15 - 2:55
Summary | 2:56 - 3:26
Outro | 3:27 - 3:56
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Do you buy or sell first?
This is a difficult question to answer as there is no one "right" choice that applies for everyone, rather it depends on what works best for you given the current market conditions.
With the Toronto real estate market experiencing an extreme shortage of inventory, we decided that we would buy a condo first and then sell our existing place.
Due to the low inventory levels, I knew that it wouldn't take that long for us to sell our condo but I was very apprehensive about finding a place that met our criteria.
There was a genuine concern that if we sold the condo and only gave ourselves 90 days to find somewhere new to live, we would be unable to do so, ultimately leaving us homeless.
On top of this, the rate of appreciation is so high right now that there is a real risk of being priced out of the market if we had to take 6-12 months to find a new place.
Read full article: Torontoluxurycondosandhomes.com/blog/buyandsellseries-ep-2-buy-or-sell-first
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11 фев 2022
