Skibadee
New Member
Ok so im an excited young guy whos just been pre approved
has the downpayment ready and is intersting in making a purchase.
I have decided that although interest rates are great, I want to live in a condo not a house. I am looking to buy in the Yonge and Eglinton area
I feel this area will have a lot of upside in the future, good for renting
and is still close to my family home/work. I cant imagine living here for more than 5 years.
So I guess the question that is really hard to answer is this....
How do you know what to offer for a condo, I mean is there any rule?
if a condo is listed at $250k do I offer $200k? $225k?
What can I use for leverage, should I use the prior sales fo the same size condo? Can I use the economy downturn to my advantage?
I notice some units have been listed and relisted for 6-9 months do I have a better chance of getting a better price with these?
How do you really know your getting a good deal
I guess this isnt an easy question
has the downpayment ready and is intersting in making a purchase.
I have decided that although interest rates are great, I want to live in a condo not a house. I am looking to buy in the Yonge and Eglinton area
I feel this area will have a lot of upside in the future, good for renting
and is still close to my family home/work. I cant imagine living here for more than 5 years.
So I guess the question that is really hard to answer is this....
How do you know what to offer for a condo, I mean is there any rule?
if a condo is listed at $250k do I offer $200k? $225k?
What can I use for leverage, should I use the prior sales fo the same size condo? Can I use the economy downturn to my advantage?
I notice some units have been listed and relisted for 6-9 months do I have a better chance of getting a better price with these?
How do you really know your getting a good deal
I guess this isnt an easy question