4 More Types of Buyers
Last year I published a blog post about some common types of buyers, but I thought I’d add a few more to the list.
1. The First Timer
This one is pretty self-explanatory. First-time home buyers are the new kids on the block, so their needs are obviously quite different from seasoned experts. From new families to newlyweds and young professionals, first-time home buyers in Toronto can really be anyone.
Although purchasing a home for the first time is definitely an exciting endeavour, I know just how terrifying it can be. I work very closely with First Timers to ensure they feel comfortable every step of the way and are equipped with the knowledge they need to feel confident throughout their search. For me, helping someone buy their first home is one of the most magical parts of my job and is a major reason why real estate is so fulfilling.
An Upgrader currently owns but wants to move up either in size or to something more expensive. Generally, Upgraders tend to be new or expecting parents looking for a more spacious property and who are willing to move outside of the city to areas like Waterdown, Burlington, or even Kitchener.
Since these folks have bought property before, they’re more well-versed on the process—but that doesn’t mean I provide any less support to an Upgrader than to a First Timer. However, I do take my clients’ previous experience into consideration. Also, Upgraders tend to have more specifics in mind than First Timers, which means the process could take a bit longer.
3. The Confident Casher
There’s always the odd buyer who has all the cash they need to cover their purchase entirely, but these folks are few and far between. When they do come along, sellers can benefit from a quicker close, less red tape, and an overall simpler selling process. There are some drawbacks to accepting a cash offer, though. One being that Confident Cashers normally ask for more flexibility with your closing date and include hyper-specific contingencies with their offers.
Some buyers are shopping around for a property that they know they’ll rent. Oftentimes they’ll be searching for condos or townhouses in central areas near universities or spots that are appealing to young families. These potential landlords are usually comfortable finding a bit of a fixer-upper for a cheaper price and putting some elbow grease into making it livable for a tenant.
I work with all types of buyers who want to work with me and as a team, we’re always able to appeal to sellers and find “home”.
If you fall under any of these categories, or you’re your own unique case, feel free to reach out at any time. I’m here to answer questions, help you buy, sell, or rent, and anything else you may need assistance with when it comes to real estate.
Lara Stasiw • Real Estate Agent & Home Design Connoisseur
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