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Real Estate Sales Have Been Brisk
By Adrien Blanchette

Real Estate sales have been brisk on the Eastern Shore this summer! Real Estate Agents report that sales reaching near record highs both in volume and in prices. As a matter of fact most agents report that there is a shortage of the more "desireable" properties on the market at the present time. While driving around the Eastern Shore this summer we have noticed that quite a number of the "executive" style homes in the higher price brackets are selling quickly.

Some of these homes had been on the market for some time so it is an indication of how the market has heated up to see the "SOLD" signs going up one ofter the other. It would seem that we are just at the beginning of a surge in sales of better properties in our area with agents reporting that they do not have enough listings to meet the demand in some categories.

It seems that Metro area residents are only just beginning to become aware of the many advantages to living on the Eastern Shore. Advantages that local residents have long been aware of.....short commuting time to Dartmouth/Halifax, healthful life-style with many opportunities for relaxation and exercise on the local beaches, walking trails, sailing and boating opportunities, quieter pace of life, yet still with many of the "big-city" amenities such as local phone lines, cable t.v., good shopping, fine restaurants, easy drive to the Airport, etc. This increasing awareness has made the area into a more desireable community in which to live with the resultant increase in real-estate sales and prices.

The Eastern Shore still presents some of the best "buys" in real estate in Nova Scotia. You can still get waterfront land on the salt water for less than $1,000. per acre if you look around. And if you wish to you can still find buys such as a modest "fixerupper" in need of TLC on 3 acres of oceanfront land for as little as $30,000. - I know it sounds too good to be true!!!!! but take my word for it, there are still a lot of bargains to be had on this shore.

Remember to look before you take that leap into the unknown......many trusting folks "from away" have been badly burned, purchasing land at so-called bargain prices sight unseen only to find out when they have arrived to take possesion of their dream-land that it is inaccessible except by water or even worse, to discover that they have purchased an acre of scrub land covered in marsh half the year....and they'll never be able to get a permit to build on it! Then when they go to try to sell it they find that they have paid many times its real value for it and therefore will not get back anything like the original purchase price.

Many of these so-called bargains are presently being promoted in Europe and play on the fact that land is almost impossible to get in European countries and the laws for purchasing and building are usually much more restrictive than in Nova Scotia. The result is that a growing number of Europeans are being taken in when it comes to real estate and land purchases in Nova Scotia.

The best way to avoid these problems is to deal with a reputable licensed real estate agent when purchasing property in Nova Scotia. Sure, the agent charges the seller for his/her services and this cost is often passed on to the buyer.... but the agent has a reputation to protect and is known locally in his/her own area so it is in his/her interest to see that both parties - buyers and sellers - are satisfied customers. They also have to protect their reputation with the Real Estate Board which licenses them to sell real estate in Nova Scotia and acts as a regulatory body for the industry.

So search out those bargains, but be careful and look carefully before you leap!

 



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All contents © 1995 - 2017 Highway7.com unless otherwise attributed
Highway7 E-zine, a publication of Hatch Media, is an electronic journal with a focus on commercial, historical, cultural and ecological issues concerning the Eastern Shore of Nova Scotia in Canada. Topics include a growing resource of currently more than 300 articles. More articles and image galleries are added frequently as new material is brought to our attention. With Highway7.com, our primary aim is to serve, inform and reflect the rural communities on the Atlantic Coast of Nova Scotia, as well as to acquaint new residents, visitors, tourists, and investors with the special beauty and enormous potential of our region.
Last Change: 01-Feb-2017