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    <title>Santana Anderson (www.halifax.delmarrealty.ca) : Blog</title>
    <link>http://www.halifax.delmarrealty.ca/Blog.php</link>
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    <pubDate>Wed, 23 May 2012 15:41:26 -0300</pubDate>
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      <title>5 Vrege Crt,, Hammonds Plains, Nova Scotia</title>
      <link>http://www.halifax.delmarrealty.ca/Blog.php/5-vrege-crt-hammonds-plains-nova-scotia-1</link>
      <pubDate>Wed, 18 Apr 2012 22:34:26 -0300</pubDate>
      <dc:creator>Santana Anderson</dc:creator>
      <category domain="Listings">Listings</category>
      <guid>http://www.halifax.delmarrealty.ca/Blog.php/5-vrege-crt-hammonds-plains-nova-scotia-1</guid>
      <description><![CDATA[<p>I just sold this <i>Residence</i> at 5 Vrege Crt,, Hammonds Plains, Nova Scotia Bedford.</p><p>View this <a href="http://www.halifax.delmarrealty.ca/14" title="5 Vrege Crt,, Hammonds Plains, Nova Scotia">recently sold Residence</a> or see all my <a href="http://www.halifax.delmarrealty.ca/Properties.php">home sales</a></p>]]></description>
    </item>
        <item>
      <title>5 Vrege Crt,, Hammonds Plains, Nova Scotia</title>
      <link>http://www.halifax.delmarrealty.ca/Blog.php/5-vrege-crt-hammonds-plains-nova-scotia</link>
      <pubDate>Mon, 21 Nov 2011 14:28:28 -0400</pubDate>
      <dc:creator>Santana Anderson</dc:creator>
      <category domain="Listings">Listings</category>
      <guid>http://www.halifax.delmarrealty.ca/Blog.php/5-vrege-crt-hammonds-plains-nova-scotia</guid>
      <description><![CDATA[<p>I just finished uploading this <i>House</i> for sale, <a href="http://www.halifax.delmarrealty.ca/14" title="5 Vrege Crt,, Hammonds Plains, Nova Scotia">5 Vrege Crt,, Hammonds Plains, Nova Scotia</a></p><p>View this immaculately kept split entry home in this beautiful sought after Kingswood subdivision. This 3 bedroom, 2 bath comes charmingly landscaped on a large lot with many matured trees. You will find hardwood running throughout the livingroom, dining room and upstairs hallways. Roof has been reshingled in 2009 along with a new dishwasher. Other updates include a complete renovated bath featuring a double vanity, granite countertops, ceramic flooring and a jacuzzi tub. </p>]]></description>
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      <title>GRANT 16651 LITTLE DOVER RD. CANSO, Guiysborough County, , Nova Scotia</title>
      <link>http://www.halifax.delmarrealty.ca/Blog.php/grant-16651-little-dover-rd.-canso-guiysborough-county-nova-scotia-1</link>
      <pubDate>Fri, 21 Oct 2011 13:36:16 -0300</pubDate>
      <dc:creator>Santana Anderson</dc:creator>
      <category domain="Listings">Listings</category>
      <guid>http://www.halifax.delmarrealty.ca/Blog.php/grant-16651-little-dover-rd.-canso-guiysborough-county-nova-scotia-1</guid>
      <description><![CDATA[<p>I just finished uploading this <i>Apartment</i> for sale, <a href="http://www.halifax.delmarrealty.ca/13" title="GRANT 16651 LITTLE DOVER RD. CANSO, Guiysborough County, , Nova Scotia">GRANT 16651 LITTLE DOVER RD. CANSO, Guiysborough County, , Nova Scotia</a></p><p>UNTAMED EASTERN SHORE BEAUTY Investment Interest - This large parcel of 158 +/- acres offers over 4,700 +/- feet of ocean frontage, with an additional 1,300 +/- feet on a coastal inlet. There are also two lakes on the property. Bordered by Crown land on two sides, this untouched parcel offers a significant holding of Nova Scotia ocean frontage. An excellent long term investment opportunity</p>]]></description>
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        <item>
      <title>GRANT 16651 LITTLE DOVER RD. CANSO, Guiysborough County, , Nova Scotia</title>
      <link>http://www.halifax.delmarrealty.ca/Blog.php/grant-16651-little-dover-rd.-canso-guiysborough-county-nova-scotia</link>
      <pubDate>Fri, 21 Oct 2011 13:35:51 -0300</pubDate>
      <dc:creator>Santana Anderson</dc:creator>
      <category domain="Listings">Listings</category>
      <guid>http://www.halifax.delmarrealty.ca/Blog.php/grant-16651-little-dover-rd.-canso-guiysborough-county-nova-scotia</guid>
      <description><![CDATA[<p>I just finished uploading this <i>Apartment</i> for sale, <a href="http://www.halifax.delmarrealty.ca/12" title="GRANT 16651 LITTLE DOVER RD. CANSO, Guiysborough County, , Nova Scotia">GRANT 16651 LITTLE DOVER RD. CANSO, Guiysborough County, , Nova Scotia</a></p><p>UNTAMED EASTERN SHORE BEAUTY Investment Interest - This large parcel of 158 +/- acres offers over 4,700 +/- feet of ocean frontage, with an additional 1,300 +/- feet on a coastal inlet. There are also two lakes on the property. Bordered by Crown land on two sides, this untouched parcel offers a significant holding of Nova Scotia ocean frontage. An excellent long term investment opportunity</p>]]></description>
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      <title>Rae Island, Guysborough, Guysborough, Nova Scotia</title>
      <link>http://www.halifax.delmarrealty.ca/Blog.php/rae-island-guysborough-guysborough-nova-scotia</link>
      <pubDate>Fri, 21 Oct 2011 13:02:59 -0300</pubDate>
      <dc:creator>Santana Anderson</dc:creator>
      <category domain="Listings">Listings</category>
      <guid>http://www.halifax.delmarrealty.ca/Blog.php/rae-island-guysborough-guysborough-nova-scotia</guid>
      <description><![CDATA[<p>I just finished uploading this <i>Apartment</i> for sale, <a href="http://www.halifax.delmarrealty.ca/11" title="Rae Island, Guysborough, Guysborough, Nova Scotia">Rae Island, Guysborough, Guysborough, Nova Scotia</a></p><p>Rae Island is tree covered; gently rolling to the water on all sides. Oval shaped, the southwestern side has a unique, natural cliff with 10 meters of water at low tide. Just across the 100 meter channel separating the island from the main land is a sheltered white sand beach. The south end of Rae Island looks to the open Atlantic, while the north side projects into the pristine and protected Georgan Harbour. A wildlife paradise, all forms of Eastern Canadian flora and fauna abound, including deer, moose, seals, migratory and shore birds, bald eagles, osprey, sea run trout, mackerel, scallops, clams and mussels. Truly a jewel, Rae Island is unspoiled and offers the ultimate privacy.</p>]]></description>
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      <title>48 Newell,  Vogler&#039;s Cove Road, Lunenburg County, Nova Scotia</title>
      <link>http://www.halifax.delmarrealty.ca/Blog.php/48-newell-vogler-s-cove-road-lunenburg-county-nova-scotia</link>
      <pubDate>Wed, 20 Jul 2011 23:16:29 -0300</pubDate>
      <dc:creator>Santana Anderson</dc:creator>
      <category domain="Listings">Listings</category>
      <guid>http://www.halifax.delmarrealty.ca/Blog.php/48-newell-vogler-s-cove-road-lunenburg-county-nova-scotia</guid>
      <description><![CDATA[<p>I just finished uploading this <i>Commercial</i> for sale, <a href="http://www.halifax.delmarrealty.ca/10" title="48 Newell,  Vogler's Cove Road, Lunenburg County, Nova Scotia">48 Newell,  Vogler's Cove Road, Lunenburg County, Nova Scotia</a></p><p>Fish plant in Vogler's Cover with over 11,130 sq. ft. of space including freezer building, garage, blast freezer, office space.
Licenses: fish fprocessing/buying groundfish, pelagic, shellfish.   Property has been surveyed.  Two PID no.s included</p>]]></description>
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      <title>N/A Breakwater Road, Ecum Secum - Hlfx., Halifax, Nova Scotia</title>
      <link>http://www.halifax.delmarrealty.ca/Blog.php/n-a-breakwater-road-ecum-secum-hlfx.-halifax-nova-scotia</link>
      <pubDate>Wed, 06 Jul 2011 21:54:19 -0300</pubDate>
      <dc:creator>Santana Anderson</dc:creator>
      <category domain="Listings">Listings</category>
      <guid>http://www.halifax.delmarrealty.ca/Blog.php/n-a-breakwater-road-ecum-secum-hlfx.-halifax-nova-scotia</guid>
      <description><![CDATA[<p>I just sold this <i>Ocean Front</i> at N/A Breakwater Road, Ecum Secum - Hlfx., Halifax, Nova Scotia Ecum Secum.</p><p>View this <a href="http://www.halifax.delmarrealty.ca/7" title="N/A Breakwater Road, Ecum Secum - Hlfx., Halifax, Nova Scotia">recently sold Ocean Front</a> or see all my <a href="http://www.halifax.delmarrealty.ca/Properties.php">home sales</a></p>]]></description>
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        <item>
      <title>HOUSING NOW / Halifax Report</title>
      <link>http://www.halifax.delmarrealty.ca/Blog.php/housing-now-halifax-report</link>
      <pubDate>Tue, 08 Mar 2011 15:00:12 -0400</pubDate>
      <dc:creator>Santana Anderson</dc:creator>
      <category domain="Personal">General</category>
      <guid>http://www.halifax.delmarrealty.ca/Blog.php/housing-now-halifax-report</guid>
      <description><![CDATA[<p align="left">&nbsp;<img src="http://storage.ubertor.com/delmarrealty.myubertor.com/content/image/565.jpg" alt="HomeConstruction.jpg"></p>
<p>&nbsp;</p>
<b><span style="font-size: large;">
<p>Residential Construction Increased While Sales Declined in January </p>
</span><span style="font-family: Gill Sans Std,Gill Sans Std; font-size: small;"><span style="font-family: Gill Sans Std,Gill Sans Std; font-size: small;">
<p>The Halifax housing market began the new year with mixed results. Total housing starts increased last month while existing home sales declined. Despite the decline in sales, the average price of an existing home increased in January compared to last year. </p>
<p>There were 247 total housing starts last month compared to 63 in January of 2010. Single-detached starts declined 20 per cent as builders broke ground on 44 units compared to 55 last year. Multiple-unit starts increased from eight to 203 units in January. The significant increase in multiple starts was largely attributed&nbsp;</p>
<span style="font-size: small;">
<p>to construction beginning on 182 rental-unit apartments compared to zero apartment starts last year. In the semi-detached and row segments of the market, 21 starts were recorded in January compared to eight a year ago. </p>
<p>In the new homes market, there were 40 new, single-detached homes sold in the HRM in January at an average sale price of $383,329 compared to 80 homes sold at an average price of $332,078 in January of 2010. The sharp decline in the number of absorbed, single-detached homes in January is attributed to no new absorptions in the Dartmouth City and Halifax County East submarkets last month, compared to 29 and 11 absorptions, respectively, last year. </p>
<p>In the existing homes market, sales declined 7.4 per cent in January to 274 sales as all but two submarkets reported a decrease in sales. The decline in sales was largest in the Fall River &ndash; Beaverbank submarket where sales fell from 26 to 16 last month. In Bedford &ndash; Hammonds Plains, sales declined to 31 in January from 38 last year. Existing home sales in Dartmouth City and Halifax City reported more modest declines of 14 and nine per cent, respectively. MLS</p>
<p>Despite the decline in sales, the average price of an existing home in the HRM increased 2.8 per cent in January to $252,550 as all but three submarkets reported an increase in price. Price growth was strongest in the Sackville submarket, where the average price of an existing home increased over 26 per cent to $213,129. In the Dartmouth City and Fall River &ndash; Beaverbank submarkets, price growth was strong at 13.5 and 9.6 per cent, respectively. In Bedford &ndash; Hammonds Plains, the average price declined two per cent to $310,072 while prices declined 4.6 per cent in Halifax County Southwest to $219,856. In the Halifax submarket, the average price of an existing home declined two per cent to $302,003 in January. </p>
</span></span></span></b>]]></description>
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      <title>25 Telegraph St,, Canso, Canso, Nova Scotia</title>
      <link>http://www.halifax.delmarrealty.ca/Blog.php/25-telegraph-st-canso-canso-nova-scotia</link>
      <pubDate>Tue, 04 Jan 2011 11:41:52 -0400</pubDate>
      <dc:creator>Santana Anderson</dc:creator>
      <category domain="Listings">Listings</category>
      <guid>http://www.halifax.delmarrealty.ca/Blog.php/25-telegraph-st-canso-canso-nova-scotia</guid>
      <description><![CDATA[<p>I just finished uploading this <i>Residential</i> for sale, <a href="http://www.halifax.delmarrealty.ca/9" title="25 Telegraph St,, Canso, Canso, Nova Scotia">25 Telegraph St,, Canso, Canso, Nova Scotia</a></p><p></p>]]></description>
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      <title>210 CARR RD, Guysborough, Guysborough, Nova Scotia</title>
      <link>http://www.halifax.delmarrealty.ca/Blog.php/210-carr-rd-guysborough-guysborough-nova-scotia</link>
      <pubDate>Mon, 03 Jan 2011 11:17:46 -0400</pubDate>
      <dc:creator>Santana Anderson</dc:creator>
      <category domain="Listings">Listings</category>
      <guid>http://www.halifax.delmarrealty.ca/Blog.php/210-carr-rd-guysborough-guysborough-nova-scotia</guid>
      <description><![CDATA[<p>I just finished uploading this <i>Ocean Front</i> for sale, <a href="http://www.halifax.delmarrealty.ca/8" title="210 CARR RD, Guysborough, Guysborough, Nova Scotia">210 CARR RD, Guysborough, Guysborough, Nova Scotia</a></p><p>Located on the Chedabucto Bay, this homestead features 90 + acres and a gorgeous ocean frontage to be enjoyed by its new owner.  The never ending white stoned beach is breath taking.  The property boasts extreme privacy, features a 2 car garage, barn and three nicely cared for sheds for storage.  It also includes two ponds to round out this one of a kind property.</p>]]></description>
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      <title>N/A Breakwater Road,, Halifax, Nova Scotia</title>
      <link>http://www.halifax.delmarrealty.ca/Blog.php/16</link>
      <pubDate>Sat, 13 Nov 2010 21:06:28 -0400</pubDate>
      <dc:creator>Santana Anderson</dc:creator>
      <category domain="Listings">Listings</category>
      <guid>http://www.halifax.delmarrealty.ca/Blog.php/16</guid>
      <description><![CDATA[<p>I just finished uploading this <i>Ocean Front</i> for sale, <a href="http://www.halifax.delmarrealty.ca/7" title="N/A Breakwater Road,, Halifax, Nova Scotia">N/A Breakwater Road,, Halifax, Nova Scotia</a></p><p>Land attached to wharf is for sale including wharf and water lot. This wharf was build by government specks. It is in good condition and appears to be well built. Large water lot (2nd PID no. 40875338) is also included. The area is quite picturesque. Deep water for large yachts, boats etc to come in and berth. It is priced to sell and also close to the city of Halifax. </p>]]></description>
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      <title>104 63 Farnham Gate Rd., Halifax, Nova Scotia</title>
      <link>http://www.halifax.delmarrealty.ca/Blog.php/15</link>
      <pubDate>Thu, 11 Nov 2010 11:04:06 -0400</pubDate>
      <dc:creator>Santana Anderson</dc:creator>
      <category domain="Listings">Listings</category>
      <guid>http://www.halifax.delmarrealty.ca/Blog.php/15</guid>
      <description><![CDATA[<p>I just finished uploading this <i>Condo</i> for sale, <a href="http://www.halifax.delmarrealty.ca/6" title="104 63 Farnham Gate Rd., Halifax, Nova Scotia">104 63 Farnham Gate Rd., Halifax, Nova Scotia</a></p><p>View this immaculately renovated ground level, 2 bedroom condo, leaving no small detail untouched. Unit features completely redone flooring, kitchen, and bathroom with freshly painted neutral tones. New appliances, including washer and dryer, come with this professionally redone home. Don`t miss out on condo living at its finest, featuring low condo fees, new windows and neighbourhood central to all amenities. Unit also features additional storage unit on private deck, which also alows private entry to ground level condo.</p>]]></description>
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      <title>Ready to Buy?</title>
      <link>http://www.halifax.delmarrealty.ca/Blog.php/14</link>
      <pubDate>Thu, 04 Nov 2010 12:44:48 -0300</pubDate>
      <dc:creator>Santana Anderson</dc:creator>
      <category domain="Personal">General</category>
      <guid>http://www.halifax.delmarrealty.ca/Blog.php/14</guid>
      <description><![CDATA[<h1>Ready to Buy?</h1>
<h2>Making an Offer to Purchase</h2>
<table align="right" cellpadding="0" cellspacing="0" border="0" class="stepbystep" style="width: 200px;">
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<td width="7" height="9"><img height="9" width="7" src="http://www.halifax.delmarrealty.ca/en/co/buho/hostst/images/Lcorner_orange_1.gif" alt=" " hspace="0" border="0"></td>
<td width="186" background="/en/co/buho/hostst/images/topBG_orange.gif" height="9"><img height="9" width="19" src="http://www.halifax.delmarrealty.ca/en/co/buho/hostst/images/orange1_1.gif" alt=" " hspace="0" border="0"></td>
<td align="right" width="7"><img height="9" width="7" src="http://www.halifax.delmarrealty.ca/en/co/buho/hostst/images/Rcorner_orange_1.gif" alt=" " hspace="0" border="0"></td>
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<td width="7" bgcolor="#ffe9b3"><img height="5" width="7" src="http://www.halifax.delmarrealty.ca/images/spacer.gif" alt=" "></td>
<td width="186" bgcolor="#ffe9b3" class="small_text"><b>Offer to Purchase:</b> A written contract setting out the terms under which the buyer agrees to buy the home. If the Offer to Purchase is accepted by the seller, it forms a legally binding contract that binds those who have signed it to certain terms and conditions.</td>
<td align="right" width="7" bgcolor="#ffe9b3"><img height="5" width="7" src="http://www.halifax.delmarrealty.ca/images/spacer.gif" alt=" "></td>
</tr>
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<td width="7" valign="bottom" height="5"><img height="5" width="7" src="http://www.halifax.delmarrealty.ca/en/co/buho/hostst/images/LBcorner_orange.gif" alt=" " hspace="0" border="0"></td>
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<td align="right" width="7" valign="bottom" height="5"><img height="5" width="7" src="http://www.halifax.delmarrealty.ca/en/co/buho/hostst/images/RBcorner_orange_1.gif" alt=" " hspace="0" border="0"></td>
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<p>Once you have found the home you would like to purchase, you need to present the vendor with an <strong>Offer to Purchase</strong> or an Agreement of Purchase and Sale. As your home is probably your biggest investment, it would be wise to work with your real estate agent and/or a lawyer/notary in preparing your offer. Remember that the <strong>Offer to Purchase</strong> or Agreement of Purchase and Sale is a legal document and should be carefully prepared.</p>
<p>Any offer or agreement will typically include:</p>
<ul>
<li>Your legal name, the name of the vendor and the legal civic address of the property.</li>
<li>The purchase price offered.</li>
<li>The chattels that will be included in the purchase price (for example, window coverings, appliances). Whatever items in or around the home that you think are included in the sale should be specifically stated in your offer.</li>
<li>The amount of deposit.</li>
<li>The closing day (date you take possession of the home) &mdash; usually 30 to 60 days from the date of agreement. It can also be 90 days or longer. Generally, an <strong>Offer to Purchase</strong> obliges the purchaser to take possession of the house and property on a certain date. As of the closing date, the purchaser is responsible for taxes, utilities, repairs and maintenance.</li>
<li>Request for a current land survey of the property.</li>
<li>Date when the offer becomes null and void &mdash; that is, it is invalid.</li>
<li>Any other conditions that go with the offer, including property inspection and approval of mortgage financing.</li>
</ul>
The process of making an offer, receiving a counter-offer and then revising it again is not uncommon. The whole process can seem like a roller coaster ride &mdash; exciting, but stressful. It&rsquo;s all part of making the deal work best for you and the vendor.
<p>The diagram below outlines the entire process for you in detail.</p>
<h2>Steps for the Offer to Purchase</h2>
<table bgcolor="#cccccc" cellpadding="5" cellspacing="1" border="0" style="width: 100%;">
<tbody>
<tr bgcolor="#999999" align="left" valign="top">
<td colspan="3" class="small_text"><b><span style="color: #ffffff;">You</span></b></td>
</tr>
<tr bgcolor="#ffffff" align="left" valign="top">
<td class="small_text">Your real estate representative helps you prepare an Offer to Purchase. This offer should include all the details of the sale.</td>
<td class="small_text">You may want your lawyer to look at the offer BEFORE you show it to the vendor, because it is a legally binding document.</td>
<td class="small_text">Your real estate representative or lawyer will then present the offer to the vendor, who will accept (Situation&nbsp;1), make a counter-offer (Situation 2) or reject (Situation 3).</td>
</tr>
<tr bgcolor="#999999" align="left" valign="top">
<td colspan="3" class="small_text"><b><span style="color: #ffffff;">Vendor</span></b></td>
</tr>
<tr bgcolor="#ffffff" align="left" valign="top">
<td class="small_text"><b>Situation 1</b><br>The vendor accepts your offer.<br>The deal is concluded.</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr bgcolor="#ffffff" align="left" valign="top">
<td class="small_text">
<p><b>Situation 2<br></b>The vendor may make a counter-offer, asking for a higher price or different terms.</p>
</td>
<td class="small_text">You sign the offer back to the vendor with a higher price than your original offer, but lower than the vendor&rsquo;s counter-offer.</td>
<td class="small_text">The vendor accepts this counter-offer. The deal is concluded.</td>
</tr>
<tr bgcolor="#ffffff" align="left" valign="top">
<td class="small_text"><b>Situation 3</b><br>The vendor may make a counteroffer, asking for a higher price or different terms. If a counter-offer is returned to you at a higher price, ensure that you know exactly how much you can afford before you start negotiating. You don&rsquo;t want to get caught up in the heat of the moment with costs you can&rsquo;t afford.</td>
<td class="small_text">You reject the counter-offer and decide not to make a subsequent counter-offer.</td>
<td class="small_text">The sale doesn&rsquo;t go through and your deposit is returned.</td>
</tr>
</tbody>
</table>
<p>When you make an Offer to Purchase, your real estate agent or your lawyer/notary will most likely add certain conditions to it, making it a conditional offer. This means that the contract will only become final when the conditions are met. The following three conditions are generally standard in an Offer to Purchase, especially for first-time buyers:</p>
<ol>
<li>A satisfactory home inspection report</li>
<li>A property appraisal</li>
<li>Lender approval of mortgage financing to finance the purchase</li>
</ol>
<p>Once these requirements are met, the conditions are removed and the Offer to Purchase becomes final.</p>
<h3>Home Inspection</h3>
<p>It is always a good idea to have the home you are buying inspected by a knowledgeable and professional home inspector. The inspector will go through the property and perform a comprehensive visual inspection to assess the condition of the house and all of its systems. When you receive the home inspection report, you and your real estate agent will have to discuss whether the condition of the home warrants withdrawing your offer to purchase or how the required repairs may affect the sale price that was agreed upon. (<a href="http://www.halifax.delmarrealty.ca/hostst_005.cfm" class="CP___PAGEID_28146">Refer to Step 5 for details</a>.)</p>
<p>A pre-delivery inspection (PDI) may be a requirement in closing the purchase of a newly built home. Be aware that pre-delivery inspections are fairly specialized and not all home inspectors have experience in this area. Note also, that some builders have policies concerning who may be present during the pre-delivery inspection so it&rsquo;s best to inquire with the builder during the negotiation of the sales agreement whether or not this is possible.</p>
<h3>New Home Warranty Programs</h3>
<p>Generally new home warranty programs are provided by provincial and territorial governments, but there are private new home warranty programs. These warranty programs are not available in Nunavut and the Northwest Territories. Check with your real estate agent or lawyer/notary to find out what the new home warranty program in your province or territory covers.</p>
<p>Warranty coverage varies from one province and territory to another, but typically covers labour and materials for warrantable items in your new home for at least one year after completion. It is also intended to address structural defects for a minimum of five years, and up to 10 years with some extended coverage options. A dollar cap is common. Make sure that you know what is covered by the New Home Warranty program in your province or jurisdiction. Don&rsquo;t confuse the builder&rsquo;s warranty with the New Home Warranty. Before you sign a contract for a new home, contact your <a href="http://www.halifax.delmarrealty.ca/hostst_007.cfm#newhome">New Home Warranty Program</a> office for a list of registered builders in your area. Contact information is provided at the end of this Step.</p>
<h3>For Condominiums or Strata Units</h3>
<p>To buy a resale condominium or strata unit, you will have to get a satisfactory Estoppel Certificate or Certificate Status (does not apply in Quebec). This should be included as a condition in the Offer to Purchase. If condominium living is your housing choice, visit our website at <a href="http://www.cmhc.ca/">www.cmhc.ca</a> and download your free copy of CMHC&rsquo;s <a href="javascript:HandleLink('cpe_1752_0','CPNEWWIN:NewWindow%5Etop=10,left=10,width=500,height=400,toolbar=1,location=1,directories=0,status=1,menubar=1,scrollbars=1,resizable=1@http://www.cmhc.ca/od/?pid=63100');" onmouseout=" return self.status=''; " onmouseover=" return self.status='http://www.cmhc.ca/od/?pid=63100'; ">Condominium Buyers&rsquo; Guide</a>.</p>
<h3>Mortgage Approval</h3>
<p>A pre-approved mortgage certificate is not a guarantee of being approved for the mortgage loan. Even if you have a pre-approved mortgage certificate, you must still meet your lender during the conditional offer period to get a final mortgage approval. To ensure that the process goes smoothly, make sure you bring:</p>
<ul>
<li>A copy of the property listing; and</li>
<li>A copy of the signed Offer to Purchase</li>
</ul>
<p>Your lender will update/verify your financial information, and put together the information required to complete the mortgage application. Your lender may require an appraisal and/or a survey. Title insurance may also be required. Your lender will also inform you about the various types of mortgages, terms, interest rates, amortization periods and payment schedules available.</p>
<p>Depending on your down payment, you may have a conventional or high-ratio mortgage.</p>
<h3>Conventional Mortgage</h3>
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<td width="186" bgcolor="#ffe9b3" class="small_text"><b>Conventional mortgage:</b> A mortgage loan up to a maximum of 80% of the lending value of the property. Typically, the lending value is the lesser of the purchase price and market value of the property. Mortgage insurance is usually not required for this type of mortgage.</td>
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<td width="186" bgcolor="#ffe9b3" class="small_text"><b>High-ratio mortgage:</b> A mortgage loan higher than 80% of the lending value of the property. This type of mortgage may have to be insured &mdash; by CMHC, for example &mdash; against payment default.</td>
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<p>A conventional mortgage is a mortgage loan that does not exceed 80% of the lending value of the property. The lending value is typically the lesser of the property&rsquo;s purchase price and market value. Your down payment is at least 20% of the purchase price or market value.</p>
<p>If you contribute less than 20% of the home price as a down payment you will typically need a high-ratio mortgage. This type of mortgage usually requires mortgage loan insurance, of which CMHC is a major provider. Your lender may add the mortgage insurance premium to your mortgage or ask you to pay it in full upon closing. (<a href="http://www.halifax.delmarrealty.ca/hostst_002.cfm" class="CP___PAGEID_28102">Refer to Step 2 for details</a>.)</p>
<h3>Fixed, Variable or Adjustable Interest Rate</h3>
<p>Mortgage interest rates are either fixed, variable or adjustable. A fixed rate is a locked-in rate that will not increase for the term of the mortgage. A variable rate fluctuates based on market conditions while the mortgage payment remains unchanged. With an adjustable rate, both the interest rate and the mortgage payment vary based on market conditions.</p>
<h3>Closed Mortgage</h3>
<p>A closed mortgage may be a good choice if you&rsquo;d like to have a fixed payment that will allow you to adjust your budget to your new lifestyle. However, closed mortgages are not flexible and there are often penalties or restrictive conditions attached to prepayments or additional lump sum payments. It may not be the best choice if you decide to move before the end of the term or if you want to benefit from a potential decrease of interest rates.</p>
<h3>Open Mortgage</h3>
<p>This type of mortgage is flexible and can usually be pre-paid by any lump sum or paid off at any time without penalty. An open mortgage can be a good choice if you plan to sell your home in the near future or to pre-pay with large lump sums. Most lenders will allow you to convert to a closed mortgage at any time, although you may have to pay a small fee.</p>
<h3>Term</h3>
<p>Your lender will also tell you about the term options for the mortgage. This is the length of time that the agreed-upon mortgage contract conditions, including interest rate, will be fixed. It can vary from six months to 10 years. Choosing a longer term (for example, five years) gives you the chance to plan ahead and protects you from interest rate increases while you adjust to homeownership. Weigh your options carefully and don&rsquo;t be afraid to ask your lender to work out the differences between a one, two, five-year or longer terms.</p>
<h3>Amortization</h3>
<p>This is the amount of time over which the entire debt will be repaid. Many mortgages are amortized over 25 years, but longer periods are available. The longer the amortization, the lower your scheduled mortgage payments, but the more interest you pay in the long run.</p>
<h3>Payment Schedule</h3>
<p>A mortgage loan is often repaid in regular payments, either monthly, biweekly or weekly. Payment schedules that are more frequent can save some interest costs by reducing the outstanding principal balance more quickly than with monthly payments. The more payments you make in a year, the lower the overall interest you have to pay on your mortgage.</p>
<p>Keep in mind that mortgages may have important payment features that can save you money and let you be mortgage-free sooner.</p>
<h3>Once the Offer is Accepted</h3>
<p>Once all the conditions of the offer are fulfilled or dropped, it is time to start thinking ahead and making arrangements:</p>
<ul>
<li>Give notice to your landlord if you are renting.</li>
<li>Start looking at moving options&nbsp;&mdash;&nbsp;hiring a professional or doing it yourself.</li>
<li>Make necessary address changes (utilities, services, post office). See the <img height="19" width="22" src="http://www.halifax.delmarrealty.ca/en/co/buho/hostst/images/worksheet_1.gif" alt="worksheet" hspace="0" border="0"><a href="javascript:HandleLink('cpe_1752_0','CPNEWWIN:child%5Etoolbar=1,location=1,directories=0,status=1,menubar=1,scrollbars=1,resizable=1@/en/co/buho/hostst/wosh_014.cfm?renderforprint=1');" onmouseout=" return self.status=''; " onmouseover=" return self.status='/en/co/buho/hostst/wosh_014.cfm?renderforprint=1'; ">Moving to Your New Home</a> worksheet for a more complete list of who to contact.</li>
<li>Arrange for property insurance.</li>
</ul>
An offer will usually include a clause that allows the buyer to revisit the property a couple of times before closing (after all the conditions are fulfilled) so that he/she can: 
<ul>
<li>Measure for window treatments.</li>
<li>Measure for special-sized furnishings.</li>
<li>Bring in a tradesperson for a renovation or remodelling estimate.</li>
</ul>
<p>Arrange for these visits in advance to make sure your real estate agent is available.<br><img height="495" width="619" src="http://www.law.gs/images/forsale-719261.jpg" id="il_fi"></p>]]></description>
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      <title>MORTGAGE RATES AT AN ALL TIME LOW!!!</title>
      <link>http://www.halifax.delmarrealty.ca/Blog.php/13</link>
      <pubDate>Tue, 19 Oct 2010 12:43:35 -0300</pubDate>
      <dc:creator>Santana Anderson</dc:creator>
      <category domain="Personal">General</category>
      <guid>http://www.halifax.delmarrealty.ca/Blog.php/13</guid>
      <description><![CDATA[<span style="font-size: medium;"><span style="font-family: arial,helvetica,sans-serif;">5 year fixed rate is very close to an all time low - 3.49% !!!<br><br>The variable mortgage rate is 2.35% (prime - 0.65) !!!<br><br>(RATES PROVIDED BY JONAH WRIGHT OF MORTGAGE INTELLIGENCE BEDFORD,&nbsp; Contact Jonah or Brad for all of your mortgage needs <a href="http://www.mortgageintelligence.ca/JonahWright">http://www.mortgageintelligence.ca/JonahWright</a>&nbsp;<br><br><a href="http://www.bradwadden.com/bio.asp">http://www.bradwadden.com/bio.asp</a><br><br>
<p>&ldquo;I&rsquo;ve been working for 38 years and I don&rsquo;t recall rates this low ever in my career,&rdquo; said&nbsp;Gary Siegle(Regional Manager for Invis Inc.), adding the discount on variable-rate mortgages has dropped to the point that consumers can float with a rate as low as 2.35%.</p>
<p>&ldquo;The question I wonder about is at these rates is why are people not all over the real estate market?&rdquo;</p>
Now is this best time to take advantage of the low mortgage rates combined with a slowing market here in Halifax Regional Municipality.<br><br>
<p>Rock-bottom long-term mortgage rates appear to have handed the housing sector the lifeline it desperately needs, helping to push up sales for a second consecutive month and keep prices from falling.</p>
<p>The Canadian Real Estate Association said Friday sales last month rose 3% from August on a seasonally adjusted annualized basis &mdash; highest since May 2010 &mdash; and the second straight month sales rose.</p>
<p>Meanwhile, prices have also begun to stabilize as fears of a dramatic meltdown appear to be abating. The average price of a home sold in Canada last month was $331,089, down slightly from the $331,683 average a year ago. But prices were up from a month earlier, when the average was $324,928.</p>
<p>&ldquo;Supply and demand are rebalancing and that&rsquo;s keeping prices steady in many markets,&rdquo; said Georges Pahud, president of CREA.</p>
<p>The other factor keeping the market afloat are interest rates. </p>
<p>The Bank of Canada has signalled it will take a pause on raising its key lending rate which should keep the prime rate at most banks at 3%, affecting any variable rate borrowers.</p>
<p>But it&rsquo;s consumers on the long end of the borrowing spectrum who appear to be getting a better deal with the five-year term fixed-rate mortgage reaching an all-time low over the past month.</p>
<img height="451" width="679" src="http://atlanticahomestaging.com/wp-content/uploads/2010/05/home-sold-sign-house.jpg" id="il_fi"><br></span></span>]]></description>
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      <title>BUYER&#039;S PAY NO FEES FOR AGENTS!!!</title>
      <link>http://www.halifax.delmarrealty.ca/Blog.php/12</link>
      <pubDate>Tue, 12 Oct 2010 13:16:00 -0300</pubDate>
      <dc:creator>Santana Anderson</dc:creator>
      <category domain="Personal">General</category>
      <guid>http://www.halifax.delmarrealty.ca/Blog.php/12</guid>
      <description><![CDATA[EVER WONDER HOW A REAL ESTATE AGENT IS PAID... BELOW IS A GREAT ARTICLE ON THE PROCESS!<br><br>
<div id="body">
<p>Most home buyers don't know that using an agent specifically for their needs costs them nothing. They sometimes think the agent will get a commission from their mortgage payments or in the closing costs somewhere but it literally costs the buyers nothing to use the services of a buyers agent. Here are some tips why this is such a smart move.</p>
<p>When a homeowner lists their house or property for sale they typically either list it for sale by owner (FSBO) or through a listing agent or broker. The difference between an agent and a broker is that the broker must have more experience, education and liability than an agent. A broker must be the final authority on a listing but several agents could potentially sell the home. The broker is the name under which the listing is taken. National broker companies hire many agents to list and buy homes and properties but all the agents are doing business under the broker's name. A specific agent could go onto to get their brokers license and still be under the National company or broker but have the ability to start their own "brokerage" if desired. An agent, which also needs a good amount of education and licensing must be under a broker of some kind.</p>
<p>Once a seller chooses the broker and agent (which can be one in the same) that seller negotiates with the broker on the percentage of commission the agent will receive when they sell the house. A typical percentage is 6% but this can be anything the seller and broker agree upon. The broker listing the house must now try and find a buyer for the property. The broker will market the property to the best of his/her abilities and try to bring in a buyer. If this is done through the same broker or agent that is listing the property, that agent gets the entire agreed upon commission. That agent or broker is technically considered a dual agent since they are representing the buyer and the seller throughout the transaction. Because the seller was the first of the two parties most of the confidentiality lies with this party.</p>
<p>If a buyer has procured their own agent, tells this agent or broker what they are looking for and that agent finds a home listed for sale meeting the search requirements, that agent is considered the buyers agent. This agent is working solely for the buyer and not any particular seller or property. They solely want what is in the best interest of the buyer and will keep unnecessary, confidential information to themselves in the negotiations of the property. Once the sale is completed that buyers agent receives a portion of the commission the seller agreed at the beginning of the listing which is typically half. The seller actually pays the buyers agent for finding them a buyer for the property. The buyer pays the agent nothing.</p>
<p>You can see why this makes so much sense. When the broker takes a listing the contract states how much commission goes to the buyers agent and how much to the listing agent. Again, if it's the same agent or broker, they receive all the commission. Why wouldn't you use a buyers agent? Without having to pay them, they work only for you with your best interest at heart.<br><br></p>
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      <title>Big Dover Island, Guysborough County, Nova Scotia, Little Dover, Nova Scotia</title>
      <link>http://www.halifax.delmarrealty.ca/Blog.php/11</link>
      <pubDate>Tue, 12 Oct 2010 13:12:29 -0300</pubDate>
      <dc:creator>Santana Anderson</dc:creator>
      <category domain="Listings">Listings</category>
      <guid>http://www.halifax.delmarrealty.ca/Blog.php/11</guid>
      <description><![CDATA[<p>I just finished uploading this <i>Ocean Front</i> for sale, <a href="http://www.halifax.delmarrealty.ca/5" title="Big Dover Island, Guysborough County, Nova Scotia, Little Dover, Nova Scotia">Big Dover Island, Guysborough County, Nova Scotia, Little Dover, Nova Scotia</a></p><p>This property (50 acres +/-) is part of an Island. Looking for a shelter spot in the Atlantic ocean, this is it... More privacy could not be found... Several thousand of ocean front borders this well treed property. Sand, gravel and rock beaches. Land is surrounding on the North, East and West by Crown land. This is a chance to own your own hide-away... Boat access only.</p>]]></description>
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      <title>72 Eddy Point Road, Guysborough Co., Guysborough County, Nova Scotia, Mulgrave, Nova Scotia</title>
      <link>http://www.halifax.delmarrealty.ca/Blog.php/10</link>
      <pubDate>Thu, 07 Oct 2010 13:28:49 -0300</pubDate>
      <dc:creator>Santana Anderson</dc:creator>
      <category domain="Listings">Listings</category>
      <guid>http://www.halifax.delmarrealty.ca/Blog.php/10</guid>
      <description><![CDATA[<p>I just finished uploading this <i>Ocean Front</i> for sale, <a href="http://www.halifax.delmarrealty.ca/4" title="72 Eddy Point Road, Guysborough Co., Guysborough County, Nova Scotia, Mulgrave, Nova Scotia">72 Eddy Point Road, Guysborough Co., Guysborough County, Nova Scotia, Mulgrave, Nova Scotia</a></p><p>This Cap Cod has been re-designed for today`s living. It is a full fill sun residence featuring 3 bedrooms and an open concept dinning-room/living room with a fireplace to enjoy those winter days. In addition and to enjoy the lower level there is an eat-in kitchen, bedroom, a family living room, and bathroom. Charming sizable bedrooms on the upper level including a gracious master bedroom with a walking closet and a second bath.Beautiful wide pine flooring to bring that homes and gardens home filling...This is a unique elevated residence with a majestic view of Chedabucto Bay. Access to the beach only a few feet away from this property and bordering by a salt/fresh water pond. Other features of many are a detached garage with a sun room to enjoy those summer days. Beautiful landscaped yard, perennial gardens, large decks, walkways,you can enjoy the privacy from neighbors as residence is tucked away at the end of the road. Enjoy this property to the ocean and beaches for a healthy living.</p>]]></description>
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      <title>72 Eddy Point Road, Guysborough Co., Guysborough County, Nova Scotia, Mulgrave, Nova Scotia</title>
      <link>http://www.halifax.delmarrealty.ca/Blog.php/9</link>
      <pubDate>Thu, 07 Oct 2010 13:28:35 -0300</pubDate>
      <dc:creator>Santana Anderson</dc:creator>
      <category domain="Listings">Listings</category>
      <guid>http://www.halifax.delmarrealty.ca/Blog.php/9</guid>
      <description><![CDATA[<p>I just finished uploading this <i>Ocean Front</i> for sale, <a href="http://www.halifax.delmarrealty.ca/3" title="72 Eddy Point Road, Guysborough Co., Guysborough County, Nova Scotia, Mulgrave, Nova Scotia">72 Eddy Point Road, Guysborough Co., Guysborough County, Nova Scotia, Mulgrave, Nova Scotia</a></p><p>This Cap Cod has been re-designed for today`s living. It is a full fill sun residence featuring 3 bedrooms and an open concept dinning-room/living room with a fireplace to enjoy those winter days. In addition and to enjoy the lower level there is an eat-in kitchen, bedroom, a family living room, and bathroom. Charming sizable bedrooms on the upper level including a gracious master bedroom with a walking closet and a second bath.Beautiful wide pine flooring to bring that homes and gardens home filling...This is a unique elevated residence with a majestic view of Chedabucto Bay. Access to the beach only a few feet away from this property and bordering by a salt/fresh water pond. Other features of many are a detached garage with a sun room to enjoy those summer days. Beautiful landscaped yard, perennial gardens, large decks, walkways,you can enjoy the privacy from neighbors as residence is tucked away at the end of the road. Enjoy this property to the ocean and beaches for a healthy living.</p>]]></description>
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      <title></title>
      <link>http://www.halifax.delmarrealty.ca/Blog.php/8</link>
      <pubDate>Fri, 06 Aug 2010 09:49:12 -0300</pubDate>
      <dc:creator>Santana Anderson</dc:creator>
      <category domain="Personal">General</category>
      <guid>http://www.halifax.delmarrealty.ca/Blog.php/8</guid>
      <description><![CDATA[<div hasbox="2" id="article_title">
<h1 hasbox="2">Choosing an investment property: what you need to know</h1>
</div>
<div id="article_moreBox">
<div id="article_image"><img src="http://money.9msn.com.au/img/aussie/article/investing_needtoknow.jpg" align="absMiddle" alt="Choosing an investment property: what you need to know">&nbsp;</div>

<div class="shareWidget">When choosing an investment property it is not about finding a place that has &ldquo;the vibe&rdquo; for you, it is a financial decision based on a number of key criteria.</div>
</div>
<div hasbox="2" id="article_body">
<p hasbox="2">The most important thing with any investment property is ensuring that it is tenant friendly as this will help you maximize the rental return on the property. This means it needs to be close to schools, public transport and an easy distance to main areas of employment. Try to choose a property that suits the demographic of the area, so think about whether potential tenants will be students, families or single professionals. </p>
<h4 hasbox="2">Choosing the type of property </h4>
<p hasbox="2">There is a lot to consider when choosing the type of property. Apartments can offer opportunities to offset your investment through negative gearing but you have to take the body corporate into account as dealing with them could be a burden. </p>
<p>New properties offer great depreciation allowances, but an older property may provide a higher ongoing income. To get a sense of the ongoing income do a search on rental prices in the areas you are considering. </p>
<p hasbox="2">As well as urban houses or units investors might consider holiday apartments or rural properties. </p>
<h4 hasbox="2">Choosing the area</h4>
<p hasbox="2">If investing in more than one property it is highly advisable to buy across different states or regions. This can spread the risk of your chosen area not performing as well as you hoped. </p>
<p>If you are only investing in one property and for the first time then go with what you know. Choose an area that you are familiar with, preferably one that you have lived in so that you know the desirable spots and the available amenities. </p>
<p hasbox="2">If you are looking to invest in an area you are not familiar with then you will need to do some research into things like population growth and nearby industry. Equally important to consider are age of population, average wealth of population, new housing going in the area and employment levels. </p>
<h4 hasbox="2">Choosing your property</h4>
<p hasbox="2">Once you have done all of your research you can start the fun part, looking for the right property. </p>
<p hasbox="2">Start with an online search of properties in your chosen area and in your price range. Consider registering with several estate agents. You may also want to attend some auctions in the areas to get a sense of the market. </p>
<p hasbox="2">If you have done all of your calculations are confident that you the investment will perform and that you can cover all ongoing costs then start bidding and buying! And remember if you are unsure at any point of the process, get advice from a qualified financial professional. </p>
</div>]]></description>
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      <title>872 EASTSIDE HARBOUR RD. GLENKEEN-BOYLSTON, Guysborough, NS</title>
      <link>http://www.halifax.delmarrealty.ca/Blog.php/7</link>
      <pubDate>Thu, 05 Aug 2010 10:52:39 -0300</pubDate>
      <dc:creator>Santana Anderson</dc:creator>
      <category domain="Listings">Listings</category>
      <guid>http://www.halifax.delmarrealty.ca/Blog.php/7</guid>
      <description><![CDATA[<p>I just finished uploading this <i>No Values ...</i> for sale, <a href="http://www.halifax.delmarrealty.ca/2" title="872 EASTSIDE HARBOUR RD. GLENKEEN-BOYLSTON, Guysborough, NS">872 EASTSIDE HARBOUR RD. GLENKEEN-BOYLSTON, Guysborough, NS</a></p><p>Boylston-Guysborough gem! This meticulously kept, contemporary custom built 4 bedroom residence includes three private acres +/- only minutes to the picturesque Village of Guysborough. From the open concept living room and a glorious sun-room facing the harbour, there are unobstructed views from every window. There is an eat-in kitchen that turns into an open concept and generously sized dining room and the living-room. A fire-place to enjoy is set in a great room including a wet bar. The large master bedroom with ensuite, includes a jacuzzi and a walk-in closet. Hardwood and ceramic floors throughout are upscale finishes. A large front deck overlooking the pond is framed by a rock garden and is one of many places to sit back and enjoy this well groomed property! A walk out basement features an entertainment room with additional rooms. This idyllic spot will appeal to those who are looking for a peaceful, quiet setting, a good community and activities to enjoy in nearby Guysboro</p>]]></description>
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