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Do I need a home inspection on a new construction house?
This is the number one question I get when
someone is buying a newly constructed home.
Unfortunately, even though it is brand new there are often many issues
with new homes. Prior to completing a
purchase on a new home, you will have a walk through with the builder. Having a home inspection report in hand, is a
great way to review the deficiencies with the builder prior to taking
possession of the home.
What happens in a seller’s market?
A seller’s market is a market where the seller has the upper hand or advantage. There are fewer homes
available in a market where there is a large pool of buyer’s. Oftentimes
sale prices will rise in this type of market. That is exactly what is happening
in Nanaimo right now. Buyer’s must act quickly by writing an offer on a
home and may find themselves participating in a multiple offer situation.
Competing for properties is often what pushes the prices up above the asking
price.
Ways to take the stress off when buying a home in a seller’s market
The
real estate market in Nanaimo is currently a very active sellers market. It is not a fun time to be a buyer as there
is a lot of competition for almost every listing that comes up. There are ways to ease the stress in a
competitive market like this including: Getting pre-approved BEFORE you shop
for a home, shop only in your price range, know what your closing costs are
going to be and have the money set aside and choose what neighbourhoods you
want before viewing homes. Working with
a Realtor is important as you navigate your way through what can be a very
tricky market.
Things that can go wrong when you have an offer on your house
Selling houses in
Nanaimo BC can be harder than you might think, especially when your real estate
deal begins to fall apart! Things that
can go wrong include the Buyer not being thoroughly qualified by the Lender,
Contract Contingencies that have not been resolved, and poor results from a
home inspection.
Why a good Realtor can save you time and money
Need tips for selling
your home in Nanaimo? The first, last
and most important tip is to use a Realtor.
And no, this isn't a self-serving post.
Here's why. Realtors are legally
required to follow certain rules and codes of conduct, plus they are trained to
spot flaws and defects that the average lay person would miss. Just as importantly they can foresee problems
with contracts, inspections, loans and closing issues - and get them solved
before they end up harming your deal.
Selling and buying houses is their specialty.
Why you should sell when other people are not
Homes for sale in
Nanaimo BC often sell fastest over the holiday season. Surprised?
It's true that many home sellers believe that November and December are
the worst months for selling a home.
While there are fewer buyers out looking for a home to buy over the
holiday season, those that are looking are typically highly motivated. These buyers need to buy fast due to a job
relocation, because they have already sold the home they live in now, or a
change in family situation.
Tips to selling your house in the winter months
There are usually not
as many home buyers in the market in the winter months but those that are
shopping are usually motivated. To get
your home sold in the winter time, it’s important that it shows well. Here in Nanaimo the winter months can be a
little dreary so making your house look cozy and inviting is a great way to
make people ‘feel at home’.
Pricing a home for sale is not like pricing a car
There are three important things to think about when pricing
your Nanaimo property. First, the
greatest opportunity you have to sell your home is when your property is new to
the real estate market. Next, that means
that pricing your home accurately is extremely critical to your success. Which means that over pricing your home -
something that many inexperienced sellers try to do - will reduce the pool of
interested, qualified buyers by almost half.
Wondering why your home isn't selling when the other one is?
Wondering what the top tips are for selling your home in
today's Nanaimo BC real estate market?
First of all, be sure to declutter your home. You want a prospective home buyer to imagine
that they are living in your home, not you.
Next, seriously consider staging your home for sale, especially if it is
vacant or your furnishings are older and outdated. Your Realtor can give you tips on whether or
not home staging makes sense for you.
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