'By the middle of 2021, I’d been living with my family and working for over two years, half of which was in a lockdown, which meant I’d saved a significant amount.'
since January, I only contacted a realtor in September once I knew how much of a mortgage I was pre-approved for. My budget was originally $600,000 to $700,000. As ridiculous as it sounds, units in that price range were disappointing. Even going outside of my search boundary and to pre-construction condos, I wouldn't have been able to afford the one-bedroom, plus den I was looking for, and when I found things that were in my price range, they weren’t in Toronto anymore.
I raised my budget to search between $700,000 and $950,000, which meant I was looking at larger units with a true den or a two-bedroom, and along the subway line. The unit I purchased was the third one I viewed in person. I fell in love with it the moment I stepped into it. I viewed a few additional units after that one, but I wasn’t able to get that third unit out of my head.
I ended up booking a second viewing for a week later, and put in my offer of $935,000 that same night. The offer had a short window before expiry and an unusually short close , which I think was liked by the sellers as the unit had been empty for the duration of the pandemic and they were ready to part with it. After a short back and forth with the seller on price , we closed the deal within the offer window, and 21 days later I took possession.
Buying a home is the biggest purchase you'll ever make — but who says you have to make it? Welcome to Toronto, ON Real Estate: How I Bought My $940K Condo
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