Do you want to get into a very popular neighbourhood where there will likely be multiple offers for homes? Here's how to do it:
How to Buy a Home in a "Hot" Area Is there an area you'd love to get into that's "hot"? In other words, an area where, as soon as a new home comes up for sale, buyers are clamoring to see it?
It can be intimidating to try to buy into a neighbor-hood like that. On one hand, it's the type of area you'd love to call home. After all, there are good reasons why it's so popular! On the other hand, you might be discouraged by the competitiveness and prices.
If you want to live in that neighborhood, there are a couple of things you can do that will increase your chances of success.
The first is to create a strategy. Most buyers rush to see a listing in a desirable area only when it shows up on MLS — or sometimes only when it's advertised.
You'll have a better chance of getting into the neighbouhood if you are alerted the moment a property comes up for sale and you have pre-arranged financing. You’ll get to the head of the line and be ready to make a credible offer.