My ‘Top pick’ this week is a lovely rancher style home in the Avonlea neighbourhood in North Jingle Pot. 3561 WINDY POPLARS PLACE is a lovely 1471 Sq. foot rancher situated in a nice cul-de-sac. The backyard has a stunning - full water fall and pretty garden complimented with a new 120sf studio, complete with hydro and heating. This home is move in ready with a nice open concept, hard wood floors, two sided gas fireplace, beautiful ensuite and gourmet kitchen. $409,900.
This week’s Top condo pick is a 900 sq. foot, 2 bedroom, and ocean view suite with a large 150 sq. foot deck.
411-770 POPLAR STREET in the Brechin Hill neighbourhood is ideal as it is close to shopping, public transit, hospital and BC Ferries. Some upgrades have been done including laminate floors, paint and baseboards. Asking $199,900
In addition to the purchase price of the home you want to buy, it is important to budget for the extra costs & fees involved in purchasing a home. In order for your sale to complete there are fees owed on, or by, closing day. Most of these fees are in addition to, and separate from, your mortgage loan. Experts recommend budgeting at least 1.5% of the purchase price toward closing costs.
Before listing your Nanaimo house for sale, it is important to get out the calculator and figure out how much you will have left over after it sells. Nobody likes “surprises” and too often home sellers forget the associated costs of selling their Nanaimo property.
Here are a few things to subtract from your sale proceeds: first & second mortgage payouts and any associated penalties, any liens you may have on your Title, legal fees plus GST, any outstanding property taxes & real estate commissions plus GST.
Should you accept the first offer you get on your house? Historically, the first offer is often the best offer. With this in mind, though, I wouldn’t be quick to suggest discounting the home especially if it has just come onto the market. A few things to consider before accepting or countering an offer are: current inventory levels, knowing whether it is a balance, buyers or sellers’ market, and what percentage of asking price the average home is receiving currently. All this information can be supplied to you by your Realtor.
Buying a home does not have to be stressful if you make sure to prepare yourself in advance. Here are a few things to do before you start the home buying process. 1. Get pre-approved before you start shopping. That way you are ready to make an offer when the right home presents itself. 2. Shop in your price range. This one seems obvious but many buyers do look at homes in a price range that is higher than they can afford. 3. Know your closing costs. There are additional costs to buying a house over and above the sale price. 4. Work with a Realtor. Many buyers do not realize that the seller pays the Realtor not the Buyer. Take advantage of the market knowledge a Realtor can offer you.
This week’s Top condo pick is a two bedroom condo. 3-68 MILL STREET is an ideal condo for both a first time home buyer and an investor. The Strata allows rentals. The location is ideal as it is close to Bowen Park and within walking distance to the ocean. Some upgrades have been done including laminate floors, paint and appliances. 793 Sq. feet at $115,000