Should You Buy A Home in Today's Market? Is It Even Possible?

The market is hot in 2022, which is leaving so many buyers feeling discouraged. We hear this often, “I’ll never be able to buy a home in this market!” and, “Why bother trying to buy a home when it simply isn’t possible?”

Making the decision to buy a home at any time can feel daunting and stressful, and emotions are especially high in today’s market. Your friends or relatives might speculate that the market may cool off over time, but that isn’t guaranteed, and based on the trends from the past decade, getting into the market is more than ever to start building equity.

We will let you in on a secret: You can still achieve your dream of becoming a homeowner in 2022. It is possible, and you will still benefit from investing in a home in today’s market.  

Here are a few tips for buying a home in 2022:

  Make a plan with your mortgage broker

It’s a common misconception that you should speak to a mortgage broker only when you believe you’ve taken the necessary steps all on your own and feel ready to purchase a home. Your mortgage broker can provide you with so much more value when it comes to planning your Real Estate goals. Check out our recent blog, When Should You Speak to A Mortgage Broker, to learn more about all the ways that your mortgage broker can help you prepare for buying a home.

Choose a team that is dedicated to helping you reach that goal

Choose a Real Estate Team that will stop at no ends to ensure that you have reached your goal of homeownership. You deserve to have the Best Real Estate Experience, regardless of whether you are buying or selling. Choose a Real Estate team that will go above and beyond to ensure that your goal of becoming a homeowner becomes a reality.

Consider moving North of the GTA

With remote work becoming more commonplace in many industries, moving north of the GTA is becoming a more appealing option for many. Even if working remotely isn’t an option, you could trade in a longer commute for the freedom of becoming a homeowner and building equity. Many homes north of the GTA are highway accessible and have all the amenities that homes closer to the city offers. Our clients that have moved north love the small-town feel and love that their dollar can go much further North of the Greater Toronto Area.

Explore Homes Before They Hit The Market

Hundreds of homes sell each year before they even hit the market. You just need to be looking in the right places. At Faris Team, we offer FarisVIP, which gives buyers access to homes before they go live on MLS. In addition to having the largest inventory of homes that are not on Realtor.ca, we sell hundreds of homes through our FarisVIP program. Here’s where you can learn more about FarisVIP and how to gain access today!

Watch this video from Mark Faris, CEO and Broker of Faris Team with even more tips for becoming a homeowner!

Are You Ready To Start Your Best Real Estate Experience? We’re here to make your experience completely stress-free!

Call us today at 1.888.918.6570, send us an email or book an appointment.

There’s absolutely NO OBLIGATION. Consultations with our team of experts are FREE.

While the information contained in this site has been presented with all due care, Faris Team assumes no responsibility or liability for any errors or omissions.