Nanaimo Real Estate Blog

Nanaimo real estate market

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...

In British Columbia, and throughout Canada, there are three things that will make it diffcult for you to find home Insurance.  To a home insurance company or to a lender these are considered 'red flag' issues.  They are:  Knob and tube wiring, a buried fuel oil heating tank, and vermiculite...

Are You Ready To Be A Real Estate Investor?It's no secret that investing in Nanaimo real estate has been the number one way to build wealth.  

You know that it's possible to make money in real estate investing, but many people also have more questions and answers.Here are the answers to...

Does Your Home Have Knob And Tube Wiring?

If you own an older home in Nanaimo, one that was built in the late 1800s or early 1900s, you may have something called 'knob and tube' wiring and not even realize it.

Like the name suggests, knob and tube wiring consists of insulated ceramic...

When you buy your new home in Nanaimo, like it or not you are also 'buying' your neighbors.Buyers always do home inspections to make sure that the house is free of defects, but a surprising number of people don't take the time to look at the people they will be living next door to.

Here...

How To Find The Right Home To Flip

Flipping homes in Nanaimo can be very profitable if you know how to do it right.  

Here are a few tips on how to find the right homes to flip.

First, establish a good working relationship with a lender , property inspector, handyman and a real...

Did you know that every year one out of five Canadians relocate, with British Columbia being one of the most attractive destinations?

Some moves are made because of a job, others are done for family reasons, and many people decide to relocate to Nanaimo for a better quality of life.But...