Found 48 blog entries tagged as real estate.

Home sales in Newfoundland and Labrador saw a decline of 21% in March 2023 compared to the same month in the previous year, with a total of 350 units sold. However, home sales for the month were 0.5% higher than the five-year average and 13.5% higher than the 10-year average. Year-to-date home sales for the first three months of 2023 were down 20.7% compared to the same period in 2022, with a total of 902 units sold.

St. John's saw a significant decline in residential activity of 32.3% year-over-year in March 2023, with single detached home sales falling 17.5% from March 2022 levels. In comparison, the rest of the province saw a smaller decline of 14.9%. The MLS® Home Price Index (HPI) showed that the overall benchmark price for homes in…

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  1. Figure out how much you can afford to spend on a home, including mortgage payments, property taxes, and insurance.

  2. This will give you an idea of how much you can borrow and help you narrow down your search for a home.

  3. A good agent can help you find the right home, negotiate the price, and guide you through the buying process.

  4. Consider factors such as proximity to work, schools, and amenities, as well as the overall safety and desirability of the neighborhood.

  5. Before closing the deal, have a professional inspector examine the property to ensure there are no major issues that could cost you later on.

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Moving to a new neighborhood can be an exciting and stressful experience. Whether you are moving across town or to a new city, there are many things to consider before and during the move. In this blog post, we will discuss five tips to make your relocation to a new neighborhood affordable and stress-free.

Research Your New Neighborhood

Before you move, it is essential to research your new neighborhood to get an idea of the local amenities, schools, transportation options, and crime rates. This information will help you to choose the best neighborhood that meets your needs and budget. You can research online, visit the area, or talk to the locals to get a sense of the community's vibe.

Plan and Organize Your Move

Moving requires a lot…

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As a home seller, you've likely put a lot of effort into getting your property ready for sale. So, when a homebuyer makes an offer on your home, it can be an exciting and nerve-wracking experience. While most offers will be reasonable, there may be times when you receive an offer that is simply not acceptable. In this article, we'll discuss how to refuse an offer on your home in a way that is professional, respectful, and effective.

Consider the Offer

Before you decide to decline an offer, it's important to take a step back and evaluate it objectively. Ask yourself whether the offer is fair given the current market conditions, the condition of your home, and other factors. Consider whether the buyer has included any contingencies or…

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Are you planning to sell your home? If so, you may have heard about the popular real estate practice of holding an open house. An open house is an event where prospective buyers can come and view your home without making an appointment. While an open house can have its advantages, it also has its disadvantages. In this blog post, we'll take a look at both the pros and cons of an open house so you can decide if it's the right choice for you.

Advantages of an Open House

Increased Exposure

One of the biggest advantages of an open house is the increased exposure it can provide. By opening up your home to potential buyers, you're giving them a chance to see it in person and get a better feel for the space. This can be especially helpful if you're…

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The real estate industry has always been known for its traditional ways, but in recent years, technology has started to disrupt the way things are done. From virtual tours to online marketplaces, technology is transforming the real estate industry in exciting ways, making it more efficient and accessible for buyers and sellers alike.

One of the most significant impacts of technology on real estate is the rise of online marketplaces. Platforms like RE/MAX and Realtor.ca allow buyers to browse listings, schedule tours, all from the comfort of their own homes. This convenience has led to a rise in virtual home buying, with buyers sometimes purchasing properties sight unseen.

Another way technology is changing the game in real estate is through…

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How do I determine the value of property when selling it ?

Ans: To determine the value of your property, you can hire an appraiser, work with a real estate agent, or research comparable properties in your area.  RE/MAX Infinity offers you high end real estate representatives to help your home from being undervalued.

What should I do to prepare my home for sale ?

Ans: To prepare your home for sale, you should declutter, depersonalize, and make any necessary repairs. You may want to consider staging your home to sell it faster. RE/MAX Infinity Realty Inc offers highly experienced agents to help you connect with potential buyer in short duration of time.

How long does it typically take to sell a property ?

Ans: The length of time it takes to…

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Canadian real estate Ottawa

It is no secret that the Canadian real estate market has been shifting over the last year. Home prices have tumbled, and sales activity has fallen. The Bank of Canada (BoC) has been raising interest rates since March 2022 to return the annual inflation rate to its two-per-cent target rate. In the process, this tightening campaign has increased mortgage rates and cooled off Canada’s red-hot housing sector.

But with the central bank still expected to pull the trigger on rate hikes for the next few months to ensure inflation has been defeated, what does this mean for the Canadian real estate market, especially with the typically busy spring buying season?

It could be a terrific opportunity for homebuyers, especially with…

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Buying or selling a home is one of the biggest financial transactions most people will make in their lifetime, and choosing the right REALTOR® is crucial to ensure the process goes smoothly. With so many REALTORS® out there, it can be difficult to know where to start. Here are some tips on how to choose one that's right for you.

Do your research
 Start by researching REALTORS® in your area. Look at their online presence, read reviews, and ask for recommendations from friends and family. You can also check with your local Chamber of Commerce or Better Business Bureau to see if there are any complaints or negative reviews.

Look for experience
When choosing a REALTOR®, it's important to look for someone with experience in the type of property and…

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Buying a home as-is can be enticing. For those who’ve been struggling to get into the market, the price point can be more affordable. For others looking to buy when housing supply is low, it can present a viable avenue to explore. However, it’s important to bear in mind the decision to buy a home as-is works for some, but not for all.

Buying a home as-is means “the homeowner is selling the home in its current condition, and will make no repairs or improvements, before or after closing,” says Nick Kyte, a REALTOR® and salesperson in Ottawa, Ontario. “Essentially, what you see is what you get, but what you don’t see is also what you get.” 

When the correct steps are taken, buying a home this way could be a calculated and worthwhile risk that pays…

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