Realtors in Ottawa - Nick Fundytus

Is It Worth It to Buy a First Home with 5% Down or Wait for 20%?

#NickAnswersReddit: This week, Nick answers a common question from a first-time homebuyer weighing the pros and cons of buying now with a 5% down payment versus waiting to save 20%. Nick discusses the key financial and personal factors to consider, such as the cost of CMHC insurance, monthly mortgage payments, and the potential risks of timing the market.

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.

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nick@nickfundytus.ca

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Nick: (613) 400-2000
Office: (613) 238-2801

IF YOU’RE IN THE NEIGHBOURHOOD

Royal LePage Performance Realty, Brokerage 165 Pretoria Ave, Ottawa, ON K1S 1X1