The Art of Negotiation

For the past two years, the value we’ve brought to our clients has been in the form of winning competing offers when buying a home, or leveraging multiple offers when selling. Now that the market has taken an abrupt turn, it is important that your Realtor changes their tactics to ensure your success when making a move. 

When selling, your Realtor now needs to do a lot more work to obtain feedback from buyer agents while encouraging them to submit an offer.  Obtaining an offer is half the battle, the other half is negotiating favourable terms.  It’s unlikely you’ll like everything about an offer when it is submitted, but it is always advisable to work with the buyer to reach an agreement where everyone is happy.

Buyers today…

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A NORMAL PERSPECTIVE

As summer is in full swing, a cooler real estate market still represents a hot one. It is easy to lose sight of perspective when it comes to Halifax real estate.  For years, it ticked slowly upwards without absurd swings in either direction.  The last two years dominated the media and in turn, dominated conversations across the province.  It is important to understand the statistics that form the foundation of our current housing market.

The number of sales in June 2022 was only beaten once in the past twelve months - in May of 2022.  Sales remain strong even though inventory is on the rise.  However, we still only have 1.4 months of supply.  This means that if nothing else were listed, it would only take a month and a half for…

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Let us introduce you to Elise Fieldhouse!

Elise approaches all aspects of her life by doing her absolute best for others with a warm and friendly attitude.  She is detail oriented and committed to serving the needs of her clients with honesty, perseverance, and hard work. 

Elise was born and raised in Toronto and lived in various places in Canada while pursuing her educational ambitions. She graduated with a Bachelor of Science in Nursing and began her career working at the Sick Kids Hospital in Toronto. In 2001, she ventured to Edmonton, Alberta to obtain her Master in Nursing to become a Neonatal Nurse Practitioner. Elise worked at Edmonton hospitals for several years, eventually getting married and starting a family. When she purchased her…

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Meet Ian Henteleff, the newest valuable addition to the HaliPad Team!

Born and raised in Halifax, Ian has called the city home since the beginning and has had a front row seat to its rapid growth over the past few decades. Spending his childhood summers skipping rocks and kayaking on the south shore of Nova Scotia, he could talk your ear off about the beautiful culture both in the city and beyond. After leaving the province for university, he could not wait to get back to the maritimes and breathe the fresh ocean air. A proud Haligonian and Nova Scotian who knows the province well, Ian can tell you as a lifetime resident what makes it such a special place to grow up and live.

Ian is enthusiastic, genuine and dedicated to providing the famous…

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How will the Non-Resident Tax Affect Homeownership Costs in Nova Scotia?

Last week, the Provincial Government released a budget that included newly created Deed Transfer Taxes for Non-residents and increased Property Taxes for Non-residents. Since this was announced, many people have had questions of how this will affect them as well as the real estate market in Nova Scotia. See below for more information quoted from the Province of Nova Scotia website:

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Provincial Deed Transfer Tax for Non-residents

The Provincial Deed Transfer Tax (PDTT) will be effective for all purchase and sale agreements and other specific transfers starting 1 April 2022.

The Provincial Deed Transfer Tax will apply to all residential properties or portion of…

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Is Halifax The New Toronto? - Halifax Real Estate 2022

Real Estate markets across Canada have a lot of similarities. Buyers can use what is happening in other cities to foreshadow what might happen in their local area, using the knowledge gained to navigate rapidly changing conditions. Join Adam Scott as he sits down with Paul Purcell from Royal LePage Urban based out of Toronto as they discuss the market, the challenges buyers face in Toronto and how they have pivoted in order to secure homeownership. What Paul experienced in the Toronto market may very well be a prelude for what's to come in Halifax.


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The Inventory Chasm

The jump in the average price from December to January is nothing short of astonishing. Sales are down by almost 40% from last year, but that's not due to a lack of buyers. Rather, there is simply nothing to buy. Let me paint a picture for you. Currently, there are only ten condos for sale on the entire Halifax Peninsula. Two of those are listed below $400,000, the next cheapest is $1,014,500. That is a gap better described as a chasm. In January, the average price of a home in the Halifax Regional Municipality was $581,180. Sellers were on average obtaining 111% of their asking price. 

Next, let's talk about a certain Spryfield semi-detached. A nice home built in 2010, well-maintained and with a few recent upgrades. We listed…

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Market Value vs. List Price - Halifax Real Estate 2022


In this video Chris Perkins, Broker/Owner discusses Market Value vs List Price, and which is more important in the Halifax Real Estate Market. 

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The Importance of Hiring a Certified Professional - Property Assessments - Halifax Real Estate 2022

When you are buying a house in the Halifax Real Estate Market, we recommend doing a house inspection - even if you think you know exactly what house you are walking into. Hiring a professional, like a general contractor will see things that we just don't see. In this particular case, the inspection report changed our view of the property, and saved our clients a lot of money and headache.

Have you had an experience like this with a home inspection that changed your mind about a house? Let us know in the comments below.

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Meet Zack Dawson, the newest valuable addition to the HaliPad Team!

Zack was born in Baton Rouge, Lousiana before moving to Newfoundland in his early childhood. If you asked him where he considers home, he’d tell you that he’s Atlantic Canadian, through and through!  From his first-ever job as a paperboy, he knew the endless steep hills and howling wind were what he loved most.  When he wasn’t on his paper route, you might have found him shoveling snow, in the rain. With that in mind, Halifax seemed like a place he’d make a quick and easy transition to.  If you don’t like the weather, wait five minutes!

While his first job as a paperboy instilled a huge sense of work ethic and the drive to be successful, it was perhaps not the long-term career…

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