10 Home Buying Hacks to Find Hidden Deals & Win in Fernie’s Market

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🏡 Buying a Home in Fernie? Don’t Overpay! 🏡

With rising prices and intense competition, buying a home in Fernie can feel like a race against time. But what if you had 10 powerful hacks to get ahead of the competition, find hidden deals, and negotiate like a pro?

In this episode of The Property Mindset Podcast, I break down:
✔️ Off-market listings and how to access them before others
✔️ Fixer-upper strategies that save you thousands 💰
✔️ Pre-approval power—why it’s a game-changer
✔️ Seasonal market timing to secure the best price
✔️ Negotiation tricks that get sellers to choose YOU

🔥 Whether you’re a first-time buyer or seasoned investor, these insider strategies will give you the edge to land your dream home without overpaying.

💬 Have questions about the Fernie market? Drop a comment below and let’s chat!

👉 Schedule a consultation with Phil today

🔔 Don’t forget to subscribe for more real estate insights and Fernie lifestyle tips!

Show Sponsor: First Tracks Real Estate Group - eXp Luxury

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Episode Transcript

Phil (00:00):
Buying a home in Fernie can feel like a competitive
sport, with prices climbing anddemand at an all time high,
you're always feeling likeyou're one step behind.
today I'm going to share withyou 10 home buying hacks that
will give you the edge.
Helping you find hidden deals,negotiating better prices, and
to find your dream home righthere in Fernie.

(00:22):
Welcome to the property mindsetpodcast, where we explore
everything real estate frommarket trends to practical
strategies for success.
Whether you're a buyer or selleror an inspiring investor, a
seasoned professional, or simplysomeone who loves real estate.
This podcast is for you.
Number one, look beyond the MLS for off market

(00:45):
opportunities.
not every home for sale inFernie makes it to the MLS?
Some of the best deals are offmarket or pocket listings,
meaning they're available.
but not publicly advertised.
Local real estate agents oftenhave access to these properties
before they go live.

(01:49):
So working with someone who'sextremely well connected can put
you ahead of the competitionbefore the bidding wars even
start.
Number two, consider fixeruppers or undervalued homes.
Instead of going for fullyrenovated homes that get
multiple offers, look for theugliest house on the market.
on the best street.
Homes with cosmetic issues,think outdated kitchens, old

(02:12):
carpets or faded paint, oftenget ignored, but they can be
gold mines.
If they don't have majorstructural issues, over time can
save you hundreds of thousandsof dollars compared to buying
move in ready.
Number three, leveragerenovation loans to expand your

(02:34):
budget.
if you're worried aboutaffording renovations, there are
solutions available.
Speak with your mortgage brokerto finance both the home
purchase and the renovationcosts in one loan.
Even if your home doesn'tqualify for a conventional
mortgage due to its condition,This type of financing may help

(02:56):
you land a great deal and buildequity quickly.
Number four, target homes thathave been on the market for over
30 days.
older listings mean morenegotiating power.
If a home has been sitting formore than 30 days, the seller
might be open to a lower offer.
Sometimes it's just badmarketing or poor timing that

(03:16):
kept the property from selling,not the actual problem with the
house itself.
Number five.
Use personal touches tostrengthen your offer.
It's not always the highestoffer that wins, sometimes it's
the most personal one.
Writing a sincere letter to theseller explaining why you love
their home And how it fits yourfamily's needs can go an

(03:39):
extremely long way.
Sellers often have emotionalattachments to their homes, and
a well crafted letter can makethem choose you over other
buyers, even if your offer isn'tthe highest.
Number six, offer to coverseller costs instead of raising
your offer.
Instead of just throwing moremoney at the price, try offering

(04:00):
to cover small seller costs likelegal fees or moving expenses.
This keeps your final purchaseprice low while still making
your offer appealing.
Number seven, Take advantage offirst time buyer initiatives.
If you're a first timehomebuyer, you might qualify for
initiatives under the BC Homesfor People programme.

(04:22):
offer down payment assistance,tax breaks and lower mortgage
rates.
All of which can make homeownership more affordable.
Inferny.
Number eight.
Don't forget about seasonalpricing.
Inferny real estate market hasseasons, and buying in the off
season can save you money.

(04:43):
Spring and summer are the mostdemand, which means higher
prices.
But in winter, when fewer peopleare shopping for homes, sellers
might be more willing tonegotiate.
Especially if their home hasbeen sitting on the market for a
while.
Number nine.
Probably the most important one,so it should be number one.
But it's number nine.

(05:03):
One of the biggest mistakesbuyers make is shopping before
they're pre approved.
If you find the perfect home andyou aren't pre approved, you
could lose it to a faster buyer.
Having mortgage pre approval inhand not only speeds up the
process, but also shows sellersyou're serious.
giving you a major advantage.
Number 10 and finally theultimate hack for buying in

(05:27):
Fernie drumroll.
Work with an agent whospecializes in this market and
experienced local realtor willknow which homes are priced
right, which are overvalued andwhere the hidden opportunities
lie.
They'll also guide you throughnegotiations, ensuring, you do

(05:47):
not overpay in this competitivemarket.
so there you have it, 10powerful hacks To help you land
the right home withoutoverpaying in this hot, ferny
market.
Whether you're looking for ahidden gem, a fixer upper, or
just want the best possibledeal, these strategies will give

(06:07):
you the edge over other buyers.
If you found this helpful, makesure to subscribe for more
insider real estate tips anddrop a comment below.
What's your biggest challengewhen buying in Fernie?
Let's talk about it.
Thanks for watching.
Until next time, I'm Phil Gad.
Stay focused, stay informed andkeep building that property
mindset.