Posted 8.27.13 @ 9:5 by: Staff

With so much doom in gloom, is now really the right time to buy a home? Are you better off waiting? If you check out the news you’ll see the last TEN YEARS have been doom and gloom for the housing industry – at least that’s what analysts have been saying. When you really look at the situation you’ll see that the ups and downs just aren’t affecting the luxury real estate market like they are midrange homes. With so much foreign interest and beautiful homes to choose from, now is a great time to find the home you’ve always wanted.

Wishful Thinking

Many of us keep looking for the home that’s “perfect”. Did you know that the average Canadian homebuyer sees about 12 properties over a 60 day period before they settle on the one they’re going to buy, and the one they buy tends to be one of the first they visit? It’s true!

All of us, on average, end up living in about 10 homes over the course of our lifetimes. Sometimes they’re rentals, sometimes they’re luxury dream homes (and sometimes they’re both!), but it’s important not to lose sight of what you’re trying to achieve when house hunting: buying a home. Stay on track by giving yourself a deadline to find a home so you don’t stay on the “Trying to find the perfect home” treadmill forever.

Waiting for the Right Deal

No one wants to pay more than they have to – and why would you? One of the worst things you can do when trying to find a home is constantly worrying about finding the right deal. It may not even be a matter of money, it could be something small like a triple garage or something that you can easily fix on your own.

Remember that you’re looking at the potential of a home – what you see isn’t necessarily what you’ll have to live with. Go online and read about people that passed up their dream home because of carpet that they could have removed over the course of a weekend before they moved in and really ask yourself what you’re waiting for.

Worrying You’ll Miss Out

Kiasu is an interesting Singlish (Singapore) word that means “fear of losing” or “fear of missing out”. People who wait too long to buy a home, those that stack their plates high at a buffet or sit in line for the new iPhone 9000 are demonstrating “kiasu” behavior. If you’re not getting the house you want because you’re letting it pass by, you have to do something about it!

If you want to buy a home, you need to sit down and set some goals. You need to know what you definitely need (your partner requires regular checkups so you need to be near medical services) versus what you would really like in a home (a formal dining room).

If you’d like to find the home that’s right for you, give us a call today. We’ll help you find the right Oakville luxury home that fits both your needs and your wants.

Click here for our listings of great Oakville luxury homes for sale.

Pertinent and insightful information on Oakville real estate as well as commentary on current events in our community.