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Factors That Influence Home Buyers In Their Decision To Buy


If you're like most first-time home buyers, you've probably listened to friends', family's and coworkers' advice, many of whom are encouraging you to buy a home. However, you may still wonder if buying a home is the right thing to do. Relax. Having reservations is normal. The more you know about why you should buy a home, the less scary the entire process will appear to you.

There are many things that influence a home buyer to purchase a property from changes in lifestyle, relocating for work, as an investment, or simply a to have a place to call home. 

The influence of life events on the decision to buy a home

 

Importance of neighbourhoods in the home buying decision

 

What features are home buyers looking for in their new home

 

How to buyers find their new home

 


Your Monthly Real Estate Market Update from RE/MAX NOVA®


MLS® listed home sales in the Halifax Regional Municipalty year - to- date March 1 2020 | RE/MAX NOVA®

Halifax MLS® real estate sales data year to date February 2020 | RE/MAX NOVA®

 

Real Estate Sales Statistics ReMAX nova November 2019

We believe that in order to understand what works in this crazy business we love, that we need to keep track of our sales data & check in on our own performance. So far, I have to admit, we seem to be doing things right as the results below show. Our home buyer clients have paid less than the average too so far in 2019, at 97.2% of asking.Of course, there is always room for improvement.

Halifax Real Estate Statistics September 2019 | MLS® data from NSAR | Merv Edinger sales statistics

Merv Edinger Sales statistics as of July 2019 | Taken from NSAR MLS® data | Halifax real estate market

Merv Edinger & Associates Sales Data taken from the Nova Scotia Real Estate Association ( NSAR ) in July/2019. 

Halifax real estate market in June / 2019 | sales data from MLS®

Halifax Real Estate Market Statistics as of June 1st | RE/MAX NOVA® | Halifax home finder

 

 

 

Halifax real estate market statistics year to date | RE/MAX NOVA® | Nova Scotia home sales

Merv Edinger & Associates' Personal Sales Statistics | We Get Results!

Merv Edinger and Associates real estate statistics | Halifax real estate agents | RE/MAX NOVA gets results

 

Halifax Regional Municipality Residential Real Estate Market Update | RE/MAX NOVA® | MLS®

Halifax Monthly Residential Real Estate Market Update | February 2019 | RE/MAX®Halifax real estate market | RE/MAX NOVA® | MLS® listings

 

 

 

 

 

 


Selling Faster & For More Money...


Real Estate selling statistics compared to the industry average

We believe that in order to be successful, we need to stop & analyze our business, production & service & results compared to our competition & within our industry. I have to admit, so far, we are not doing that bad: selling for a full 1.08% higher & nearly a month faster.


Canada is a nation of movers!


Canadians are satisfied with their homes and neighbourhoods but will probably not stay put according to a new survey. The Canadian Housing Survey is a new national poll from Statistics Canada, sponsored by the CMHC. It was carried out in 2018 and shows that about half of Canadian households have either moved in the past 5 years or intend to within the next 5 years.

Among the 35% who had moved in the past five years, those in Nunavut were most likely to have done (46%) while those in Newfoundland and Labrador were least likely to have moved (23%). Upgrading to a better quality home was the top reason (9.7%) for moving, followed by moving to a more desirable neighbourhood (7%), to become a homeowner (6.4%), a change in household size (6.3%), and to lower housing costs (5%).

Results from the Canadian Housing Survey 2018 | top 5 reasons for moving


CMHC Housing Market Portal


Helping you find the right housing data & insights on a particular Canadian housing market. CMHC's Information Portal provides you with a comprehensive overview of new housing, the rental market, & econimic & demographic trends. 


Who Are Today's Buyers & What Are They Looking For


As a seller of a home, it is important for you & your agent to know who you are marketing your home too & how to attract them to your home. NSAR examined research on key demographics in Atlantic Canada. And, we discovered a lot of useful information about 3 groups of buyers: First-time buyers, Moving-up and Downsizers.

first time buyers & what they are looking for - remax nova - knowing who you are marketing your home too

 

 

First-time buyers are generally not handy, and have no time to be. They are more likely to buy "previously owned" homes, that do not require a lot of time or effort. Move-in ready homes may appeal more to this buyer.

moving up buyers - remax nova - Sellers need to know who they are marketing their homes to

Moving up buyers see their homes as central to their lives and value quality more than price. These buyers also plan to own their home for about 15 years. Higher priced homes, with quality features may appeal more to these buyers.

Downsizing buyers - the empty nesters who are looking to free up time in retirement

To Downsizers, price is more important. Downsizers are retired,or preparing to retire and so they also generally have fixed incomes. This group appreciates homes that are affordable and allow them to focus on family. They are generally looking for structurally sound homes with amenities nearby & small scale yards that are easy to maintain.