The Toronto Real Estate market has made me want to crawl into my bed, hide under the covers and not surface until the entire experience is complete and has been dealt with for me. Yes, it is that bad. It’s agressive, shady, and filled with “what ifs”, all of which my delicate heart find hard to handle.
Randy and I purchased our first home at the ripe age of 24 , in London Ontario. That experience was quite a pleasure. It was quick, and easy. We basically walked up to the house that we wanted, completed an offer and less than 24hours later we had confirmation that it was ours. Toronto in 2017, is NOTHING like that. You shuffle through your viewing appointment quickly because there is another agent on the other side of the door waiting their turn, and another after that, and another and another…you get the picture. You sacrifice on so many things on your “want” list because the reality is that supply is low and demand is high.The fear of their not being an opportunity to purchase in the area that you want is a real struggle, and the pressure of how quickly things move makes it impossible to think things through. Which for an over thinker like me is extremely nerve inducing.
Our first offer experience moved quickly. We were the first to register an offer, an hour later we heard that there was a second and then a third. We strategized with my parents, who are real estate agents and came up with what we felt would secure the deal for us. I typed up the cutest note, with a picture of Randy and I on the cover that spoke about our character, our plans to grow in the space and our interests. I secured it to the offer and felt so confident that everythig was aligning. Then things shifted, about 10 minutes before the offers were to be presented, at 3:50pm a “BULLY” offer came in. Our hearts sunk. We knew that this was one of those agents that people had been warning us about. They hold out right until the end, so that you can’t restrategize and WHAM they go in with an outrageous offer, and that they did . Nearly 10% over list price. They highly overpaid, the listing agent agreed and there was no way that we ever would have considered competing with it. So, our hunt continued. A few days later, a larger unit came up in the same building, we thought for sure this was our opportunity. We wanted to make this one happen so bad that we almost overlooked some things from the “con” list – No Parking, No Balcony, No windows that open. I know right?! windows that don’t open? Even as I type this, I can’t believe that we considered it, even for those few hours. But honestly, its crazy the decisions that you almost make when fear is guiding your thoughts.
All this to say that I wanted to be held, like cuddled, while having my hair pet and being told that everything was going to work out type of cuddled. That nurturing feeling for me is sometimes achieved when eating a delicious bowl of homemade hot soup. So, I crawled out from under the covers and made myself what turned out to be a pretty stellar bowl of Bok Choy and Turkey Meatball soup.
If you decide to make it, think of me and send me strength as we navigate our way through this crazy market.
I hope it cuddles you from the inside like it cuddled me,