A fast market, mostly a seller's market, can lead to multiple offers. Perhaps you've come through this type of offer scenario successfully and are now the proud owner of the home of your dreams! You are thrilled with your purchase but you realize that you did go well above the asking price. Was it too much?
Take heart, this is a daunting task but it is just a matter of making sure you know all the costs upfront. So, before you set out to look for a house or condo you should make an appointment with your lender, be it your bank or your mortgage broker. The market has changed and you can expect to pay more...so get ready!
Yes, you've hired an experienced agent, one who knows your neighbourhood and has a successful track record. They will be proficient at marketing, negotiating and closing the deal. But you have to be totally onside. If you don't get into the process, your house will take longer to sell.