Why so many buyers lose out on their dream home

The three top common mistakes that people buying homes for sale in Nanaimo make are to shop for homes that are not in their price range, look at houses in neighborhoods that they do not like, and not have enough money saved up to pay for their closing costs.  Surprisingly very few home buyers in Nanaimo have a good idea of how much money their closing costs will be when buying a home in Nanaimo!

How to make it easy for a seller to sell you their home

If you want to take the stress out of buying real estate in Nanaimo BC, the most important thing you can do is to get your lender to preapprove you before you even set foot in your first open house.  Getting preapproved means that you have given your mortgage broker all of the financial documentation that they need and they have told you how much of a mortgage you can qualify for, so that you know the price range of the houses for sale in Nanaimo that will be in your price range.

Five reasons to save before buying your new home

If you are considering purchasing a home for the first time in Nanaimo here are the top five reasons why you will want to have some money saved in the bank before buying real estate in Nanaimo:  Down Payment, Closing Costs, Cash Reserves, Moving Costs and those ever so unexpected but not so uncommon Miscalculations!

Curb Appeal Helps Sell Your Home Quickly

What the buyer sees when he first looks at your home for sale, stays with him for a long time. Be sure your home makes a good first impression. Don't ignore the front yard and entry way of your home.  Buyers  who see a home for sale that looks unappealing from the outside, just move along to the next listing without ever going through the door! Once the buyer goes through the door, staging your home with a few decorating changes will help him feel this is a home he might want to live in.

There are benefits to Saving money before buying a home

First time home buyers enhance their chances of getting a mortgage by saving some money ahead of time. It is important to have cash on hand to cover all costs associated with buying a home. Some things to consider are: down payment, closing costs, moving costs, cash reserves to cover the first few months payments and mathematical errors in budgeting or over estimating earnings.

Why Buy a house with good resale value?

Buying a house is exciting!  Buyers are often caught up in the moment and in the throes of making an immediate decision whether or not to buy, don’t usually look any further down the road than that. 

The Buyer should consider the following when choosing a home with good resale in mind: locations not backing onto busy streets, avoiding intersecting street corner locations, a house that is not necessarily the most expensive one on the street and be sure all essential shops and services are located nearby with a  local shopping centre that is healthy and busy.

Closings can be ruined by not fixing deficiencies

The best strategy for sellers to take is to be prepared!  One way to do this is to get a home pre-inspection and fix deficiencies before listing your Nanaimo home for sale.   Defects found during a home inspection by a buyer can be a deal breaker. By doing a pre-inspection you have an opportunity to fix or repair the things that could make a deal collapse. The expense of a pre inspection is a small price to pay for the peace of mind that comes with a successful buyers inspection. 

Nanaimo Realtors 2016

According to the Real Estate Council of British Columbia, there are more than 22,000 realtors British Columbia. Visit: http://www.recbc.ca/  Selecting a Nanaimo realtor can be a complicated task. Some specialize in oceanfront property or condominiums. Others deal primarily with commercial property. Almost all are well versed in the basics about Nanaimo homes for sale.

When deciding which of the many Nanaimo realtors to select for a specific purpose, a good starting point would be to consult with Lynn Donn who provides information about the Nanaimo real estate market. All inquiries may be directed to (250) 800-2717.

Don’t wait for spring to list your Nanaimo house.

Many people like to wait until the busy spring market to sell their homes.  However, this year in Nanaimo we are experiencing a seller’s market.  A seller’s market is when there are more buyers than sellers in the market place.  Right now we are experiencing very low inventory levels which means that if you list your home and price it at market value, you stand a very good chance of selling it quickly.

 

Buying a three bedroom home vs. a two bedroom home

There is no question that here in Nanaimo a 3 bedroom home has much better resale value than a 2 bedroom home.  There is a much bigger market for 3 bedroom homes because the third bedroom opens up all sorts of usage options from a place to sleep to a media room or just a place to store things.  Two bedroom homes exclude people with families as there just isn’t enough room.