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If you find the house you would like, you may need to move quickly when the market is hot, and your Realtor is the best person to help you enter into the contract to buy your home. Most Realtors now recommend a clean agreement on the standard form of Agreement of Purchase and Sale approved by the Nova Scotia Association of Realtors®.

The main clauses you need include financing, inspection, and insurance and of course, lawyer review. There may be additional clauses you should have depending on the property. Where the market is brisk, the cleaner your offer the more likely it will be accepted.… [Read more]

Did you know the Realtor is often paid out of the sale proceeds by the Seller? If you have your own Realtor, they will receive their fee out of the sale proceeds, and they will divide the entire commission with the listing Realtor. When there is one Realtor, they will represent the Seller but will also have an obligation to treat you fairly. You will sign some documents acknowledging what duty the Realtor owes you and any aspects about commission will be dealt with in these agreements.

Knowing more about Realtor obligations before you make your offer will serve you well.… [Read more]

When you start searching for your first home or any home it is important to plan ahead and think about what you want most. Your search for a new home is special to you – so before you start, identify your priorities. This list should reflect your needs and the needs of your family, whether growing or downsizing. Hot markets are not ideal for finding a good match in all cases, but you will be better served at least knowing what you want and do not want.

Apart from needs, make sure you understand your market range and meet with a mortgage broker or specialist to obtain a pre-approval for your mortgage.… [Read more]