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. To
find out more about the Nanaimo Real Estate Market, call (778)
654-6374.
Do I need a home inspection on a new construction house?
Having worked in
the Nanaimo Realtor for many years, 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.
Selecting from the Best Nanaimo Realtors 2017
When venturing in the area of Nanaimo homes for sale it is
imperative to be able to properly choose from the best Nanaimo realtors 2017.
Although there are many qualified Nanaimo real estate agents, a few stand out
above the rest.
There are many subspecialties of homes for sale Nanaimo.
Among these are of course, Nanaimo homes for sale and Nanaimo condominiums for
sale. The natural beauty of Nanaimo Island has produced a category of Nanaimo
ocean view property.
The best Nanaimo realtor for your needs would be one who has
vast experience in all areas of Nanaimo homes for sale. An excellent starting
point would be to call Lynn Donn at 778-654-6374.
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
Shopping only in your price range
Knowing what your closing costs are going to be and
having the money set aside in advance
Choosing which neighbourhoods you want before viewing
homes
Working with an experienced Nanaimo Realtor is important
as you navigate your way through what can be a very tricky market. Call (778) 654-6374 with any questions you
may have. We can help!
Can I add a carriage home to my property in Nanaimo, BC?
Owning
a larger property in Nanaimo may also provide the perfect opportunity to build
additional real estate, such as a carriage house. Per the secondary suite guide published by
the City of Nanaimo; a secondary suite is allowed within an accessory
building if:
1.
No secondary suite exists within the principal dwelling; AND
2.
A minimum of 30 m2 of private outdoor space is provided; AND
3.
The lot is a corner lot; OR
4.
Accessed by a laneway; OR
5.
Is greater than 800 m2 in lot area
Nanaimo Realtors 2017
There approximately 22,000 realtors throughout British
Columbia. The task of selecting a Nanaimo realtor can be difficult as there are
many subsections of Nanaimo real estate and each realtor has some areas he or
she specialize in. While almost are skilled in Nanaimo homes for sale many
confine their area of expertise to condominiums for sale while others deal only
in oceanfront property.
A good starting point in selecting a Nanaimo realtor would
be to consult with Lynn Donn who provides information about the Nanaimo real
estate market. All inquiries may be directed to (778) 654-6374.
Don’t delay listing your Nanaimo home for sale until spring
Often people make the simple mistake of waiting until the
busy spring housing market to sell their homes.
In 2017, Nanaimo is experiencing a seller’s market. A seller’s market occurs when the number of
buyers exceeds the number of sellers in the Nanaimo real estate market. As of
now the inventory level of homes for sale in Nanaimo is less than it was in
peak years. Sellers who place their home on the market and ask for current market
value find that these homes for sale go quickly.
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