Found 35 blog entries tagged as buyers.

Buying your first home is a major life milestone and possibly one of the biggest decisions you’ll ever make, both from a financial and long-term commitment perspective. And while being ready for every possible outcome isn’t possible (not to mention unrealistic!) it is possible to prepare for potential pitfalls you may run into during the home buying process. From identifying and making the most out of saving opportunities, to explaining how working outside of your budget will cost you in the long run, here are some common pitfalls first-time buyers tend to experience, and how two REALTORS® recommend avoiding them. 

Image via: Photo by Green Chameleon on Unsplash

1. Attempting to manage without professional assistance 

For Regan O’Rourke, a…

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Real estate experts have been predicting how the Canadian housing market will fare in 2023 since the beginning of 2021. With current trends pointing towards a steady increase in home sales, it’s no wonder that many are eager to know what the future holds. With new trends and economic shifts, the landscape of home sales can be difficult to predict. In this blog post, we'll take a closer look at why home sales are expected to continue to rise over the next few years, and what buyers and sellers can expect from the markets in 2023. 

How We Got Here 

Before we can look into the future, it’s important to understand how we got here. The Canadian housing market has seen an unprecedented surge over the past year due to both COVID-19 safety measures and…

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You know about staging and pricing a listing properly to attract buyers, but sometimes there’s an out-of-sight, out-of-mind history that sellers may have to disclose. A  property might look perfect on the outside, but if there was a death on site, it was used for illegal activity, or even if it’s reported to be haunted, it can become what’s known as “stigmatized.” This label can make the property more difficult to sell and might even bring down its value.

Some potential buyers may not care about a home’s stigma, while others could perceive it as a red flag. However, depending where you live, sellers are not always obligated to disclose certain issues, leaving the onus on the buyer—with the help of their REALTOR®—to learn more.

We asked two real…

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In a buyer’s market, getting your property to stand out form the rest will take some creative know-how. A seller’s market occurs when real estate listings outnumber the number of potential purchasers. This means sellers will have to work a little harder to attract offers to their home. Here’s how you can help tip the scales in your favour, and hopefully get that sale contract signed!

Low Down

When the amount of real-estate inventory matches the number of buyers shopping the market, people tend to be pickier about the price they’re willing to pay. Really hone in on the listing price you’re comfortable with — if you want to sell quickly, consider listing it on the lower side.

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Doing your due diligence before buying a condo is of the utmost importance. Potential questions include: 

  • What are the service terms for board members?
  • Does the condo board have a reserve fund and how much money is in it? 
  • Does the condo have any upcoming major repairs? 
  • Are water, electricity or heating included?
  • Is maintenance of common areas (garbage pickup, snow removal, etc.) covered by condo fees? 

They’re all questions you’ll want answers to before you decide to put in an offer. 

Whether you live in a big city full of condos like Toronto, Ontario, or a smaller town like Canmore, Alberta, condos are often seen as a first step in homeownership for young adults. They’re also popular among seniors looking for…

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how to make a low ball offer

Could the Canadian housing market be in store for the return of the low-ball offer? While this buying strategy became all but extinct given the heated housing market in the last couple of years, rising interest rates have caused many markets to cool, and shift from strong seller’s markets to more balances, or even tilted in favour of buyers.

What is a Low-Ball Offer?

A low-ball offer is when a prospective homebuyer makes an offer to purchase a home that is below the asking price.

When Should You Make a Low-Ball offer?

Low-ball offers are more common in a buyer’s market, when there are more listings than there are buyers, and competition is not a factor. Another common scenario for low-ball offers is when looking to…

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haunted house

Superstitions, stigmas and the supernatural – whether you believe in them or not, they can have a very real impact on how long it takes to sell your home and the price you’ll get for it. As a homebuyer, even the mere thought of a haunted house can have you running for your life. With that said, there’s always an upside, and in the case of a stigmatized house, an unbothered buyer could be in store for a quick closing and a great price.

Did Someone Say *GULP* Haunted House?

Most people would agree that living in a murder house might be creepy, and it may be enough to turn buyers off, regardless of tight market conditions – which some industry observers might consider even scarier than an other-worldly house guest. Whether…

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What is a clean offer

What is a clean offer? This term actually has nothing to do with housework. Below, we answer some of important questions about what a clean offer is, how to go about presenting a clean offer, and the risks and benefits of making one.

What is a clean offer?

A clean offer is an offer to purchase a home without any conditions attached to it. Also called a contingency-free offer, a clean offer aims to entice the seller with the promise to buy a home without any caveat that might cause the deal to fall through, which can happen based on the conditions specified in the offer. Conditions, and reasons to renege, may relate to the buyer or seller, and may include conditions like an unsatisfactory home inspection, the buyer’s…

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How would you describe your dream home? You know, the one with every amenity and design feature you’ve been looking for? But finding that dream home already built and available on the market isn’t always possible. Whether it’s because of the location, size, price, or available features, it can be difficult to find this dream space without compromise. 

Rather than struggling to find something that checks all the boxes, some choose to buy land and build their own home. The process is different from buying in the resale market and can get a little complicated, so it’s best to let a REALTOR® guide you through the process, but we’re going to break things down a bit for you here first.

Why buy land?

According to REALTOR® and salesperson Peter…

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Best Time to Sell Your Home_autumn

About the time pumpkin spice lattes hit the menu at your local café you may want to have your house ready to hit the market. Why? Next to spring, fall is arguably the best time to sell your home. In fact, it may even have some advantages over the spring market. Read on to learn why fall might be the best time to wear plaid, indulge in everything pumpkin and sell your home.

Ready to Fall in Love with the Fall Market? Here’s Why It Could Be the Best Time to Sell Your Home:

If you missed the spring market or your intentions to move got waylaid by long weekend plans and summer days, it doesn’t mean you have to wait until next year to sell your home. Placing your home for sale in the fall market has many benefits that may…

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