Buying your home in Nova Scotia
One of the most important aspects of settling in Nova Scotia will be your choice of residence; perhaps you may wish to rent initially or as most families will do, find and buy a home prior to landing ready for your move. Real Estate is somewhat different to what you have experienced before in the UK. To start with, most people will use the services of a Realtor (Real Estate agent) whose services are FREE to the buyer; all fees are paid by the SELLER of a property. One of the main differences is that Realtors can show you any property on the open market, unlike the UK. Realtors will have their own listings but are not limited by this; it is quite normal for a UK family to be shown many properties, sometimes over a period of a few days. Our Realtors have expert knowledge of housing types, local area information/ facilities and also a good understanding of the pressures you are experiencing during your relocation.
Most houses will be wood framed and in general, larger than their UK counterparts. Plot sizes will also be bigger; it is not unusual that houses you view will be on 1-3 acres of land. Another difference is that most properties will also have a basement.
As a buyer of a property, usual expenses you will incur will include deed transfer tax (normally 1.5% in many areas) and also Lawyer fees. Remember to factor in yearly property taxes. Another option, rather than buying an already established home, will be to build from scratch. This is not as daunting as it sounds as a build will usually only take 3-4 months from implementation.
Tips on making home buying a little easier.
- Ascertain the approximate price range you can afford. Remember to incorporate associated fees into the equation. Let our Realtors know beforehand, so you can view suitable homes. If you are placing a large deposit or buying outright be aware of the current exchange rate.
- Do you need financing? If so, we can help you arrange pre approved mortgages.
- Define your needs, including:
- Neighbourhood: New or established? Rural, Suburbia or Downtown?
- Proximity of services: Schools, shopping etc.
- Indoor considerations: How many bedrooms, what kind of heating, laundry room etc.
- Outdoor considerations: How much parking do you need? Pool, walkout basement?
- Commute to work: Will it be easy in Winter?
- What type of home appeals? Detached, bungalow, New Build, waterfront?
With our network of highly qualified and professional Realtors you can be sure of the best and most informed service available. Coupled with our full settlement services this means that you will have a comprehensive package at your disposal for free.