Real Estate

Off-Market Homes: A Buyer’s Guide

by Christopher on

Buying a house is not an easy job, you need to find one that fits your needs and requirements, and at the same time, needs to be in a good locations, and with good neighbors have a likelihood of appreciating in value over the years. Getting these kind of “hotspots” is not an easy job.

You’re bidding against a number of other potential buyers, this can lead to bidding wars, and you are not always able to win these bidding wars, so it understandably gets frustrating. This is where it is important to have an upper hand against other buyers, and off market property can do just that.

Off-market houses or pocket listings basically consist of houses are not placed on multiple listing services even though they are up for sale. So, they aren’t easily visible to everyone. Sellers might want a more private sales process or they are just getting a feel of the market. Regardless, of what the reason may be, as a buyer, this is a good opportunity for you to get property.

First of all, you get access to property listings that not everyone can see. You can also end up getting a good price without having to go to a bidding war. So, the odds of you getting a house are increased tenfold. You can a different variety of houses from luxury homes, to more affordable houses etc. so there is something for everybody when it comes to this. In the beginning, finding pocket listings were mostly dependent on getting a good real estate agent who would then guide you and show you different property listings available. Now, you don’t necessarily need a real estate agent either because there are now different websites that show different available off-market properties to you, making things even more convenient.

Youth Housing

by Christopher on

All over Canada a trend has been seen amongst people in the 20 to 35 year old age bracket and where they prefer to live. While a large amount of them are still opting to live in traditional homes in the suburban areas of the country, even if they have jobs in the city close to the suburbs, a pretty big part of this demographic is choosing to live inside the city for a number of reasons.

The younger generation of adults is putting off marriage as something they will do later in life and are focusing on themselves and their own careers. Fewer people want to live so far away from the areas where they work and spend time in social gatherings. People are choosing to live in the city and do not feel the need to move out to the suburbs to settle down and start a family sooner.

With the idea that it is socially acceptable to now have children later in life, people are building their lives in the cities and are then creating their own homes in the city for their families to settle down in. So while young people who are still moving around are sticking to rental apartments, the people who want to own their own property and plan on settling down are buying condos. This has become the trend for younger people. Start out with an apartment on rent and then save up enough to settle down in the city in their own apartments once they are ready to have kids and get married.

A lot of companies have noticed this and have started capitalizing on the potential customers who will be looking for places to live within the city. For this reason central and easy access condos, like the Lakeside Condo, have sprung up.