Real Estate Mistakes

In a career that’s spanned more than ten years, it was likely for a mistake or two to happen along the way.  Thankfully, my mistakes did not have a negative impact on my clients but they certainly served strong lessons to me.  Did I have to buy a washer and dryer once or twice because they were missed on the inclusions list?  Yes, but it was a small price to pay for having happy clients at the end of the day.  In the grand scheme of things, an appliance is a minor issue when compared with some of the other things to watch in real estate. The correct terms and conditions are extremely important, as are the deadlines associated with them.

The Situation

In this particular instance, I had struggled with a difficult listing.  The homeowner took it…

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Halifax Condo Living

There's generally a negative stigma that surrounds condo fees.  The majority of people I speak to think they are a waste of money and prefer the cheap ones to the more expensive.  Yes, some condo complexes are poorly run and the money collected from fees can be wasted or spent incorrectly. However, a well-managed condominium will use the fees to maintain the value of a property and in some cases, increase it as well.

You'll rightfully be wondering where the money goes.  Before you purchase any condo, you’ll be given the opportunity to review the condominium documents which will also outline the budget for the complex.  Keep in mind the reason for buying a condo is they can offer a low maintenance, worry free lifestyle.  After reviewing a budget…

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CMHC just released their housing outlook for the Halifax Central Metropolitan Area and is forecasting strong growth for the next two years.  Residential housing starts are expected to increase in both the apartment and single family home markets.  A high amount of inter-provincial and international migration coupled with an ageing population looking to downsize is driving the growth.  Apartment construction will be focused mainly on the Peninsula and is expected to ramp up through 2020. 

After recording a growth of nearly 30% the last two years, new construction starts of single family units will flatten out and grow at a more modest pace. A tightening re-sale market with fewer options to choose from may mean people look at new construction to…

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