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25 Top Mistakes to Avoid When Buying Real Estate

Buying a real property can be a challenging process. Often you will have little option to avoid a few of these mistakes. Avoid:

  1. Lack of understanding of the real estate market you are planning to invest in
  2. Not understanding your financial and personal needs vs your wants
  3. Lacking a clear focus and a plan
  4. Not doing a proper research on the market and comparables before purchase
  5. Not selecting the right property because of emotions and third-party advice
  6. Not selecting to work the best Ottawa Realtor you can find before your purchase
  7. Buying above the present Ottawa real estate market price
  8. Buying a property in an extreme seller’s market
  9. Buying...
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In Septemer 2019 Ottawa Realtors sold 1,549 residential Ottawa houses and condos via the Ottawa MLS® System. This is compared with 1,386 Ottawa condos and houses sold in September 2018, showing an increase of 11.8 per cent.

Number of Ottawa Houses and Condos Sold

1,113 freehold (non-condo) homes sold, up a significant 6.9 per cent from a year ago. In the same month 436 condos in Ottawa changed owners. This represents a very strong increase of 26.4 per cent from September 2018. The five-year average for September unit sales is 1,385.

All of these strong strong sales numbers took place in an Ottawa real estate market plagued by low inventory.

House and Condo Market Values

The average sale price...

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The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association.