For more information regarding Nanaimo homes for sale or Nanaimo realtors, refer to one of our affiliates:
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.
How a condo can cost you more that you expect
When you are looking at condos for sale in Nanaimo BC you
should keep in mind that buying a condo is not like buying a house. Condos typically come with a lot more
amenities than do houses, things like social areas, swimming pools and club
houses. There are also fees for the
utilities, maintenance and repairs costs, so it is important to know which ones
you will pay for and which expenses are in included in the monthly Strata.
Three ways to outbid the other buyer and get what you want
If I were to sell my home in Nanaimo the best thing that I
would like to see is a bidding war, where there are two, three or more
qualified and highly motivated buyers that want my home. If you are a buyer in the middle of a bidding
war, Realtors in Nanaimo will tell you that you should Put Your Best Offer
Forward, Limit Your Contingencies, and know what really Motivates The Seller.
How to avoid the nightmare neighbour
With so many Nanaimo neighbourhoods to choose from how to
you find one that's right for you?
First, visit the neighbourhood that you like at several different times,
weekdays, evenings and weekends. Next,
make note of the differences during the different times - things like many
parked cars or barking dogs. Then, talk
to the neighbors. Tell them you're
looking at different parts of Nanaimo to buy in and see what they have to say
about what's good and what's bad about where they live today.
Why three is much better than two
When you're looking at Nanaimo real estate for sale it's a good
idea to focus on three bedroom homes rather than two bedrooms. That's because a third bedroom will give you
multiple options like a home office or entertainment area. Plus, you will always find a use for the
extra space and when it comes time to sell your home in Nanaimo having a third
bedroom will be very attractive to buyers.
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.
Subscribe to:
Posts (Atom)