Nova Scotia Real Estate is still in a strong Seller’s market with an average of 2 months with of inventory and 20-30% sale price increases from the previous year.
So here are the top 7 things home buyers from away should be doing to give themselves an advantage in this competitive market.
Here are 7 tips that will help buyers get their inquires answered and help to find their Nova Scotia home
RESEARCH Nova Scotia
#1 Do some research about Nova Scotia. Learn about the different regions and what the various communities located there have to offer. On my website, MoveNovaScotia.com, I have write-ups about different communities and links to resources those communities have.
RESEARCH Property for Sale
#2 Thoroughly review the listing details. On the Canadian Real Estate Association's website, REALTOR.ca has the most comprehensive up-to-date property listing information. REALTOR®s get many questions that are already answered in the listing data itself on REALTOR.ca.
The most common questions are how big is the lot? What is the heat source? What is the foundation? Most REALTORs® upload listing videos, and 3D interactive tours which will give you a better idea of layout and location. Some REALTORS® also have Youtube channels, where they do walk-through videos and give more details about the properties and even the area.
#3 Text or email your inquiries to a REALTOR®. REALTORS® spend a lot of time driving and on showings so they do not often get to check phone messages until after showings, which can last many hours. Text is best. Text your name, email, and the property you are inquiring about and the REALTORS can often reply with the property info with one click in between showings.
#4 Determine what issues are deal-breakers for you. In this market, you gotta move fast. This is not time to ask the REALTOR® 101 questions back and forth about a property that wouldn’t necessarily be deal-breakers for you. Most listings will have extra info attached to the MLS listing that your REALTOR® can access and provide to you, but if not, then your agent must request that info from the listing agent which could take a couple of days more.
#5 Find a REALTOR® you trust and have faith in. A REALTOR® that are familiar with local homes for sale and recent sales prices. You have to be able to trust that when your REALTOR® tells you there is another offer coming in on a property you are interested in, that they are not just trying to scare you into writing up an offer. It would be against the REALTORS® Association Code of Ethics for an agent to do that.
#6 All property listing information is entered into the Multiple Listing Service by licensed real estate brokerages and is accessed by the public through REALTOR.ca. Many subsidiary sites feed off REALTOR .ca such as ViewPoint, Zillow, Ovlix, Kijiji Real Estate, so the subsidiary sites will always have data that is not as current as REALTOR.ca, especially if their feeds are not refreshed on a timely basis.
This is why for many buyers, the property they are inquiring about already has an accepted offer. For the most up-to-date info, you should be getting alerts from REALTOR.ca. Another bonus tip is to follow REALTORS® on social media and subscribe to their website because some will post a new listing to their website before it goes live on REALTOR.ca.
#7 Sign a Buyers Contract or Buyers Brokerage Agreement with the REALTOR® of your choice. For a REALTOR® having a signed contract shows that you are committed to working with them, and not whichever REALTOR® happens to respond to a viewing request of a property you like. Having a signed contract will make you a priority in the REALTOR® active client list. They will work harder for those clients who have signed a buyers Agreement than the other non-committal lead inquirers who may very well be asking the same questions to five or 10 other REALTOR®
Once you have found a REALTOR® you want to work with, go ahead and make it official by signing a Buyer's agreement with them.

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