8 Buyer Mistakes

Do not mistake pre-approval by a lender with pre-qualification. Pre-qualification, the first step toward being pre-approved, will point you in the right direction, giving you an idea of the price range of houses you can comfortably afford in the Halifax property market. Preapproval, however, means you become a cash buyer, making negotiations with the seller much easier, especially in the competitive Nova Scotia real estate landscape.

The first impression of a home has been cited as the single most influential factor guiding many purchasers’ choice to buy, especially in the Halifax property market. Make a conscious decision beforehand to examine a home as objectively as you can. Don’t let the current owners’ style or lifestyle sway your judgment. Beneath the bad décor or messy rooms, these homes may suit your needs and offer you a structurally sound base with which to work. Likewise, don’t jump at a home simply because the walls are painted your favorite color! Make sure you thoroughly investigate the structure beneath the paint before you come to any serious decisions in your Nova Scotia home buying journey.

Buying a home is a major financial decision that is often made after having spent very little time on the property itself, particularly in the dynamic Halifax real estate market. A home inspection performed by a competent company will help you enter the negotiation process with eyes wide open, offering you added reassurance that the choice you’re making is a sound one, or alerting you to underlying problems that could cost you significant money in both the short and long-run. Your Realtor, well-versed in Nova Scotia property purchases, can suggest reputable home inspection companies for you to consider and will ensure the appropriate clause is entered into your contract.

Make it a priority to know your rights and obligations inside and out, especially when navigating the Halifax housing market. A lack of understanding about your obligations may, at the very least, cause friction between yourself and the people with whom you are about to enter the contract. Wrong assumptions, poorly written, incomprehensible, or missing clauses, or a lack of awareness of how the clauses apply to the purchase, could also contribute to increased costs. These problems may even lead to a void contract. So, take the time to go through the contract with a fine-tooth comb, making use of the resources and knowledge offered by your Realtor and lawyer, who are experienced in real estate transactions in Nova Scotia. With their assistance, ensure you thoroughly understand every component of the contract and can fulfill your contractual obligations.

Ask me for a current Comparative Market Analysis in Halifax. This will provide you with the information necessary to gauge the market value of a home and will help you avoid over-paying. What have other similar homes sold for in the area and how long were they on the market? What is the difference between their asking and selling prices? Is the home you’re looking at under-priced, overpriced, or fair value? The seller receives a Comparative Market Analysis before deciding upon an asking price, so make sure you have all the same information at your fingertips, especially when navigating the Nova Scotia real estate market.

Check out the neighborhood you’re considering and ask around. What amenities does the area have to offer? Are there schools, churches, parks, or grocery stores within reach? Consider visiting schools in the area if you have children. How will you be affected by a new commute to work? Are there infrastructure projects in development? All of these factors will influence the way you experience your new home, so ensure you’re well-acquainted with the surrounding area before purchasing, particularly when considering the Halifax real estate market.

If you wait until the last minute, especially in the Halifax housing market, you’ll be rushed to find an insurance policy that’s the ideal fit for you. Make sure you give yourself enough time to shop around to get the best deal. Understanding and securing home insurance early in the process is crucial when buying a home in Nova Scotia.

Many buyers, particularly in the Halifax real estate market, think that the way to negotiate their way to a fair price is by offering low. However, in reality, this strategy may result in the seller becoming more inflexible, polarizing negotiations. Employ the knowledge and skills of an experienced realtor, familiar with Nova Scotia property negotiations. They will know what strategies of negotiation will prove most effective for your particular situation.

Hello there! I’m Alisha Caillie-Fleet, a seasoned Real Estate Agent located in Halifax. With a sales history dating back to 2014 across Nova Scotia and Ontario, I bring a wealth of expertise to the table. My specialization includes residential properties, investment opportunities, and military relocations. I’ve wholeheartedly committed myself to honing my skills to ensure that your experience of buying or selling a home is seamless and free of stress.

Being a military spouse, I also have personal insight into the challenges military families are confronted with. As a result, I’ve developed a tailored approach to cater to the unique demands of the DND moving process.

Let’s establish a connection and have a conversation about your real estate goals!