Back to: September 2019


Getting the Most From an Open House
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Open houses are the gold standard in real estate. They’ve been around for decades and will be ingrained in the buying and selling of homes for years to come. But as a buyer, are you making the most of your open house visits?

To get the most out of an open house visit, follow these guidelines:

Use the open house to learn about the market without committing
Even if you’re not serious about moving, viewing a few properties in a neighbourhood you like is a great way to get a sense of the market. Who knows? You might stumble upon your next dream home!

New buyers should leverage the open house opportunity to get a feel for the market. Most open houses will have a handout available containing the list price and other property information. Be sure to keep a copy.

Ask the agent questions
Explore the entire property, including the backyard. Don’t be shy about asking the listing agent questions about the property and the neighbourhood.

• Ask about the area. Are there schools nearby? Where is the nearest park or playground located?

• Ask about potential required repairs and renovations. For example, if the furnace is more than 15 years old, it may need to be replaced soon.

• If it’s a competitive market, ask questions such as: “Why is the seller selling?” “Is there a certain day to review offers or have you had a lot of showings?” In a slow market, ask how long the property has been on the market and what the seller’s motivations are. A good agent will engage you because it’s good for his seller.

Many agents are eager to quiz open house attendees about their home-buying plans. "How long have you been looking for a home? Are you working with an agent? Are you pre-qualified for a mortgage?" they ask. Why not turn the tables? An open house can be an opportunity for you to pump a local agent for some information about for-sale homes and the housing market.

?Watch the other buyers
You can tell a lot about the activity and marketability of a home by watching the other buyers. If you observe a lot of people walking in and out quickly, the home probably has some issues. Are the buyers hanging around, asking questions of the listing agent and huddling in the corner talking to their spouses or partners? If so, it could be a sign this is a well-priced and “hot” listing. If you’re interested too, observing other buyers at the open house could help you learn about the competition.

Finally, walk around the neighbourhood. Try to get a sense of what it’s like to live there. If possible, chat with a neighbour.

If you become interested in the home, be sure to advise the listing agent that your own REALTOR® will be following up. Otherwise, the listing agent might assume that he or she will be representing you.

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With Compliments of

Michele Vyge-Fraser
Real Estate Agent/ Associate Broker/ CNE®


Red Door Realty
1314 Martello Road
Chapter House
Halifax, Nova Scotia,
T: 902-830-6397
NovaScotiaRealEstate@gmail.com
www.HalifaxHomesandCondos.com




NATIONAL MORTGAGE RATES
Term Posted
Rates*
Best
Rates*
6 Months 3.34% 3.30%
1 Year 3.59% 3.04%
2 Years 3.74% 2.89%
3 Years 3.89% 2.79%
4 Years 3.95% 2.95%
5 Years 5.34% 2.69%
7 Years 5.80% 2.99%
10 Years 6.10% 3.04%
Variable Rate 2.90%
Prime Rate ** 3.95%
*last updated: Oct 15,2019


www.RedDoorRealty.ca
Exclusive Listing $525000!!!

Welcome to 3224 Union Street, Northend Halifax!


Backs onto Needham Park!! Imagine owning a very cool bright open concept home with Halifax Harbour Views, with direct path access from your backyard to the dog friendly Needham Memorial Park! In the vibrant north end of Halifax, walking distance to the Hydrostone Market, welcome to 3224 Union Street! This wonderful home and property offers 2 storey's, 3 bedrooms, 2 baths, recreation room and a sunny main floor passive solar extension with in-floor warm radiant heat. Hardwood floors and ceramic tile throughout, this home is made for easy living. Perched on a hill, the side and backyard give you quiet privacy and great spaces for entertaining. New windows, upgraded wiring, great kitchen and updated baths, freshly painted throughout, main floor laundry, fireplace and attached garage - this home is ready for new owners. Considered to be one of the best north end streets, this location is in a refreshingly friendly and charming neighborhood. And even more...? Rush hour does not apply to this location! Call for your viewing today!

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Coming back to market soon!...

Welcome to 22 O'Hara Drive in Wedgewood Park!


Spacious bungalow set back from the street has great curb appeal and is larger than it looks. Large kitchen, open concept lr/dr, 4 good size bedrooms plus 2 full baths! Incredible value!

List Price $319900.

Please click on the photo for the virtual tour at www.22OHaraDrive.com



New Listing!
5 bedroom, 2 full baths, deep backyard...

$239900. on Courtney Road, Dartmouth!

Family friendly - Walk to School, Churches, Parks and more!

Call for more details. 

Halifax Mortgage Specialist Bruce Lusby 

(902) 210-0515

http://mortgageweb.ca/BruceLusby

Halifax, Nova Scotia - updated Oct 6, 2015

Variable:

5yr @ Prime - .65% (2.05%)

HELOC @ Prime +.25% (2.95%)

Fixed:
1yr 2.29%
2yr 2.09%
3yr 2.24%
4yr 2.54%
5yr 2.54%
6yr 3.39%
7yr 3.44%
10yr 3.84%

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The material in this publication is provided for your informational purpose only and is not intended to substitute professional advice. If your property is currently listed with a Real Estate Broker, this publication is not intended as a solicitation.