What happens when your real estate deal in Nova Scotia falls through?

What happens when your real estate deal in Nova Scotia falls through?

Failing to close on a purchase or sale obviously isn’t anyone’s Plan A, but it does happen. What does Plan B look like?

Some of the reasons that a deal might fall through on closing day include, financing issues, a buyer purchasing a home on the condition that their previous home sold, major issue arises on inspection or pre-close walk through that cannot be resolved.

Read More

Inspection and the Final Walk-through for real estate purchases in Nova Scotia: Bring it up on or before closing day or forever hold your peace.

Inspection and the Final Walk-through for real estate purchases in Nova Scotia: Bring it up on or before closing day or forever hold your peace.

One major piece of the picture when buying your home is inspecting the property to decide A) what issues there are and B) how they will be addressed OR if you are willing to live with them.

Professional Inspection

One of the first steps after you have signed an agreement of purchase and sale is a home inspection. It is always a good idea to use a professional home inspector come in and do an inspection of the home you are considering buying. Their job is to flag any issues that may change your mind about purchasing the property, or the price you are willing to pay for it.  The inspection is the opportunity to raise issues that will need to be addressed. As a result there may be further negotiations with the seller to either take care of the issue prior to closing, or sell at a lower price so you will have the money to fix it. You should look for an inspector that has both liability AND errors and omissions insurance. This protects you not only from any damage they might cause while on the property to do the inspection, but also provides you with possible recourse if they miss something important on the inspection.

Read More

How to find the best Nova Scotia mortgage broker for you.

How to find the best Nova Scotia mortgage broker for you.

It can be hard to decide who is best to help you find the right mortgage.  What makes one broker a better fit for you than another? While the search can seem overwhelming, it is worth taking the time to find the right broker for you. A few tips to help you make this choice:

Read More

Everything You Should Know About 'Closing Costs' in Nova Scotia

Everything You Should Know About 'Closing Costs' in Nova Scotia

We've all heard the term "closing costs", have you been provided with an explanation of what that really means. I've outlined below things that constitute closing costs for both a sale, and a purchase. It is important to understand closing costs for a purchase do not come out of your mortgage funds. You will have to come up with this amount before the transaction closes. For a sale the closing costs would come off of the top of the sale price.

Read More

Thinking about buying a vacation home in Nova Scotia? What you should know first:

Thinking about buying a vacation home in Nova Scotia? What you should know first:

We are lucky to live in a place with a wealth of cottages and vacation homes. Many Nova Scotians are able to make the dream of having a cottage come true. This blog reviews some of the things to look out for to avoid your dream becoming a nightmare.

Read More

should I hire a realtor to help buy or sell my home?

should I hire a realtor to help buy or sell my home?

Thinking of buying or selling your home? You should enlist the services of a real estate agent to complete the transaction. Buying or selling your home is one of the largest transactions you will complete in your lifetime. Its important to get it "right".  A real estate agent can help you do this in anumber of ways.

Read More

Looking to move out of an apartment, but may not be able to afford a mortgage? There may be a solution.

Looking to move out of an apartment, but may not be able to afford a mortgage? There may be a solution.

Are you interested in moving out of an apartment, or building equity instead of paying rent, but a traditional mortgage isn’t the best choice for you? There may be a solution out there for you that you were unaware of. Foxwood Village is a new development in Hubley that is taking what some might consider an unconventional approach to creating their development. If you buy a home in Foxwood Village, you are buying the house itself, but you will lease the land it sits on.  You pay a monthly rental fee for the land. The rental fee and collateral mortgage payments would still be less than the average traditional mortgage payment.

Read More

Buying or Selling? Why you really DO need an agent.

Buying or Selling? Why you really DO need an agent.

Thinking of buying or selling your home? This is one of the largest transactions you will complete in your lifetime, it’s important to get it "right".  A real estate agent can help you do this. These are some of the reasons why:

Read More

Need a new mortgage?: Understand the qualifying rules

Need a new mortgage?: Understand the qualifying rules

There are a several new rules coming into effect on January 1st 2018 that will affect Canadians' ability to get a mortgage, and for what amount. These rules are not limited to people looking to purchase a home with a mortgage, but also apply to those looking to refinance a home. 

Read More

To buy or not to buy? that is the question

To buy or not to buy? that is the question

Deciding where to live can seem overwhelming. There are a lot of factors that contribute to that choice. What you may not know is that it is not simply a choice between renting OR buying, there is also a third option: buying a home on leased land. This blog focuses on some pros and cons of each to help you decide.

Read More

Finding a new home for your home-based business

Finding a new home for your home-based business

Running your small business out of your home can be convenient and cost-effective options for many. If you’re moving and planning to operate your business out of your home. this blog outlines some important details to consider.

Read More

What is a "migration" and why do you care?

What is a "migration" and why do you care?

Many people may have heard the term "migration" with respect to property but have no idea what that means. That’s fair, a lot of people don’t. This blog will give a Coles notes overview of what it is and why it matters to you as a home owner or potential purchaser.

 

Read More

Why finding the right realtor to sell your house matters (a lot!)

Why finding the right realtor to sell your house matters (a lot!)

There are a lot of real estate agents out there, and it can be overwhelming deciding which one is right for you. But the right agent can make a huge difference in your home selling experience.  The right agent can not only make the experience more pleasant, they will likely also be able to sell your house for more and in a shorter amount of time.  To make the decision-making process easier, consider the following

Read More

Going Green at Home.

Going Green at Home.

In celebration of the long awaited arrival of spring, I thought I'd share some of the benefits of making your home "greener". The changes you can make to go green at home can be large or very small. It's not only an environmental benefit, butit can also be good for your wallet. Making an effort to make your home greener doesn’t have to mean making major lifestyle changes. In fact the changes discussed here are ones that would simply mean swapping one product you use for an eco-friendlier version.

Read More

Buying your first house? Be mindful of how you shop for your "starter home"

Buying your first house? Be mindful of how you shop for your "starter home"

We've all heard the term "starter home". Usually it's used to describe a quaint little house that would be affordable for a young person or couple, but not really suitable for a family with more than one child. The theory being that this family will simply sell this little house and move into a larger one in the event that they have more children, or some other changes in circumstances. However, when you are buying your "starter" home, be mindful of the fact that life is full of surprises and you may end up staying in your first home longer than you anticipated. When looking for your home, don’t set yourself up to be "stuck" in a house.

Read More

Stat Holidays and Overtime - Who Qualifies?

Stat Holidays and Overtime - Who Qualifies?

Monday, February 20th marks the third anniversary of our newest statutory holiday - Heritage Day.  This year the province is honouring Mi'kmaq Heritage.  Being a relatively new holiday, some employers and employees are unsure of their rights and obligations with respect to who is entitled to a paid day off and for those who work, who is entitled to overtime pay.  This topic comes up every summer as new employees enter the service industry.  I wrote on the topic then and I thought today was a perfect day to revisit the messages from that post

Read More