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It Is A Buyer's Market Right Now

It is a Buyer’s Market Right Now

The Buyer’s Market

This time of year is an interesting time to be looking at purchasing a home. And the reason is simple, it is a buyer’s market. That means that right now homeowners are more motivated to sell than purchasers are to buy. A big motivator for homeowners is the heating cost and maintenance on a house is higher over the winter.

Here are some tips on what to look for:

A Long Time on the Market

This could be because they are adamant on a price, or more likely that with so many units on the market people have passed. Your agent should be able to tell you how many viewings have taken place and offers have been made. Armed with this information you will be able to make an assessment of interest and adjust your offer accordingly.

The Price Has Been Reduced

If the price has been reduced the number of times it usually means the owner is motivated to sell, and quickly. However, do be careful to ensure that the reductions were not made to cover deficiencies in the property. If there are issues, consider looking at a “purchase plus” mortgage. This can help cover the cost of repairs or improvements.

If homeownership is on your radar this year, consider taking a look at the market today. Contact us today for a pre-approval, and maybe a recommendation or two on where to look.

1. The “Holiday Cheer Giveaway” (the “Contest”) runs from 08:00:00 a.m. AST on December 1st, 2020 (the “Contest Starting Date”) to 5:00:00 p.m. AST on December 11th, 2020 (the “Contest Completion Date”). The Contest will have one (1) grand prize draw for a cash prize of $2,200.

2. Submitting this form implies consent to subscribe to our emails and mobile phone alerts. Subscribers may opt-out at any time.

3. SMS message and data rates may apply. Text HELP to 68411 for help, text STOP to 68411 to end. By opting in, I authorize the seller to deliver messages using an automatic telephone dialling system and I understand that I am not required to opt-in as a condition of entering the Contest.

4. Participants will receive one (1) contest entry for signing up for email and/or mobile phone updates. This is limited to one entry per person through the online sign-up form.

5. Participants may have the opportunity to earn additional entries and any details will be announced from time to time if available.

6. Participants must be 18 years of age at the time of contest entry and reside in Nova Scotia, Canada.

7. By entering this Contest, all entrants consent and agree to the use of their name, address, likeness and photo for any advertising, publicity and marketing purposes by the Sponsor, without compensation.

8. By entering, all eligible participants agree to abide by the rules and conditions outlined above.

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Normally you can find this at retail stores across Halifax and Dartmouth, but we wanted to make it even easier for you to get a copy.

The entire guide is available online to view or download, and to make sure you’re staying safe at home, you can now request a print copy by mail, free of charge, anywhere in Nova Scotia!