Nanaimo Real Estate Blog

Nanaimo neighbourhoods

One of the big, important differences between renting your home and buying a home in Nanaimo is choosing the neighborhood that's right for you.

When you're renting and decide that you don't like the neighborhood that you're in, moving someplace else isn't that difficult.  But when you own...

Absorption rates for September 2015 

Absorption rate is one of the key indicators on how the Nanaimo real estate market is faring.  It tells us the rate at which properties are selling.

I’ve reviewed the latest real estate stats published by VIREB (Vancouver Island Real Estate Board). ...

The essence of home staging is that you're trying to make your house look like a model home - even when you're living in it!

In today's competitive real estate market it's important to make a strong, positive impression on buyers who look at your home for the very first time. 

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To make sure that everything goes smoothly, here are 12 things you should do as a first time home buyer in Nanaimo:

1.  Credit report - Have your mortgage lender obtain your credit report.  Look at your overall credit score, credit card balances and other debt like auto and school loans...

Many home buyers in Nanaimo want to know, 'How do I know if it's a good time to buy a home?'

Often times what people are really asking is if they should wait to see if home prices go down.  Trying to time the market is never a good idea.  That's because, historically, home prices in...

Nanaimo neighbourhoods

The Vancouver Island Real Estate Board (VIREB) divides the City into 18 different Nanaimo neighbourhoods. With so many neighbourhoods to choose from how does one choose where to live?

Please click on any of the following Nanaimo neighbourhood links to be redirected...

The real estate market in Nanaimo is very active.  Looking at the year-to-date sales as at August 31, 2015 as compared to August 31 2014 there was an increase of 20% more homes sold and an increase of 7% in the average sale price of single family homes. The average sale price for a single family...

If you're trying to buy a home in Nanaimo's most popular areas you may be surprised to find yourself in the middle of a bidding war.

Home sellers who have priced right and have their home on the market in the most desirable locations often are able to attract multiple offers at the same...

I was reviewing the real estate sales, in Nanaimo, for June 2015. Based on the number of sales that occurred compared to the number of active listings, I thought it would be interesting to see how absorption rates have changed since January 2015.

The definition of absorption rates is the...

Not all purchase offers are created equal.  Here are four things to consider before you accept a buyer's offer for your home for sale in Nanaimo:

1.  Price - When you first put your home on the market your realtor ran comparables to make sure that you're asking a fair market price.  Don't...