Should I Bid $20-30K Over Asking in Ottawa’s Real Estate Market?

A close-up shot of a man holding a 10 U.S. dollar banknote, captured by Lukas from Pexels. The image emphasizes the person's hand and the currency, with the background blurred for depth. It can represent topics like finance, money management, and budgeting.

#NickAnswersReddit: In this week’s post, we tackle a Redditor’s question about whether to bid $20-30K over asking on a home in Ottawa. Nick explains when it’s appropriate to offer over asking price, how to navigate Ottawa’s competitive market, and how to evaluate your options before submitting an offer. If you’re unsure about how much to offer, this post will help guide you through the decision-making process.

Suspended Homes and Delisted Homes: How to Approach Them

#NickAnswersReddit: This week’s blog explores how to approach delisted or suspended homes. Whether you’re working with a Realtor or planning a DIY search, this guide will help you navigate finding these off-market opportunities.

Why Is Financing Taking So Long?

A mortgage broker approves a loan for homebuyers

#NickAnswersReddit: This week, Nick addresses a Redditor’s concern about why their financing is taking longer than expected. Delays in securing financing can be stressful for both buyers and sellers, but understanding the process helps alleviate frustration.

Is a Housing Market Crash Coming to Ottawa? Navigating Price Trends and Policy Changes

Two first-time Homebuyers take a selfie

#NickAnswersReddit: A Redditor asks whether waiting for a housing market price drop in Ottawa is still a good idea. In this blog, Nick Fundytus explains recent market trends, the impact of government policy changes, and offers advice on how to approach buying a home in today’s climate.

How Recent Policy Changes to Interest Rates, Amortization, and Mortgage Rules Impact Ottawa Homebuyers and Sellers

Higher interest rates and mortgage rules are shaping Ottawa’s real estate market.

Inside the Industry: The Canadian mortgage landscape is rapidly evolving due to recent policy changes in interest rates, amortization length rules, and insured mortgage regulations. These updates will affect both homebuyers and sellers in Ottawa, as well as the overall housing market. Let’s break down these changes and explore how they might shape your decisions in 2024.

What to Do if the City Plants Trees Within Your Property Boundary

Trees planted along a residential street with cars parked on the side, photographed by sq lim on Unsplash.

#NickAnswersReddit: This week’s question addresses a property owner’s concern about trees planted by the city within their property boundary. Nick explains the best steps to take when city-planted trees seem to cross into private property and offers advice on dealing with this situation.

Navigating the Home Buying Process in Canada: A Simple Walkthrough for First-Time Buyers

#NickAnswersReddit: Feeling lost as a first-time home buyer? We’ve got you covered! This post simplifies the home buying process in Canada, guiding you from mortgage pre-approval to moving day. Whether you’re exploring properties in BC, AB, or Ontario, this walkthrough will help you confidently start your journey to homeownership.

What to Look for When Buying a Rural Property with a Well System in Ontario

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Navigating Home Ownership After a Breakup: A Guide to Fair Resolution

#NickAnswersReddit: Going through a breakup and need to figure out what to do with the house? Learn how to navigate a fair resolution when splitting assets, including agreeing on a sale price, understanding legal obligations, and avoiding unnecessary expenses

New Builds vs. Resale Homes: Key Considerations for Your Next Move

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