Home | How we help First-time Real Estate Buyers!
How we help First-time Real Estate Buyers!With the popularization of reality TV it was only a matter of time before the advent of real estate TV and that time is definitely here. One such popular show carried on HGTV, the Home & Garden Network is Property Virgins. This show, hosted by Sandra Rinomato follows the real estate purchase (and sometimes lack of purchase) of first time property buyers.
Well there are no lights, camera, action when your the first time buyer and your dealing with Century21 Northumberland Realty and I'm sorry to say no Sandra either, but we have our own team of "Property Virgin" realtors that will certainly make this a much more pleasurable and profitable experience. I would like to introduce you to Nicolle Morrison, co-owner of Northumberland Realty and an expert on all things financial. She can help you make the transition from renting to owning. Also part of the Northumberland PEI first-time buyers team are Cindy Robichaud and Karen O'Brien. Both these women bring their experience as home owners, realtors and women to the process of finding a home that you can call home. Karen has a wide client base and a circle of community, having lived on PEI all her life. Cindy brings her banking experience from her time in Toronto working in the financial industry.
Whichever of us you choose let's take you through the steps from "it's time we bought our own PEI home" to "here's the keys, enjoy your new PEI home".
The first thing that all prospective PEI home buyers and "Property Virgins" should do is apply for a pre-approved loan. This is a certificate, good for 90-120 days that guarantees that a financial lending institution will give you a mortgage of a certain amount. That amount is based on their conception of your ability to repay. Your current income, how long you have been with an employer, your consumer debt as well as your credit score are taken into consideration when making this assessment. Having pre-approval gives you a budget to work within. It also means that vendors will take you more seriously when you make an offer. You should be aware that the "guarantee" that the lending institution makes that they will lend you this amount is contingent on the home being worth the amount that you propose to pay for it (home appraisal) and that your financial situation hasn't changed between when the pre-approval is given and your deal closes. That means don't buy a car or make any major purchase in the meantime as this will unbalance your debt to income ratio.
Call Nicolle Morrison regarding
PEI Homes for Sale
Call Cindy Robichaud regarding
Summerside Real Estate for Sale
Call Karen O'Brien regarding
PEI Homes for SaleWhen your finances are in place, then the fun begins. We will determine through talking to you 2 lists of wishes and wants. The first list is of features your new PEI home MUST have. The second is of features you WISH your new PEI home had. Also you will have to consider where you want your new PEI home to be located. In PEI there is the consideration of city versus country. When making this decision, winter should be taken into consideration as well as where you work and the possible daily drive to work.
With your requirements in hand we will begin to search for suitable PEI properties to show you. You should also search the internet and see what is available. As a first-time buyer you may not be aware of the types of options the PEI real estate market offers and the internet provides a quick way to educate yourself.
We will arrange viewing times for all the chosen homes and properties and you will begin to visit them. As you look at these PEI homes we promote the look at 3 and keep 2 approach. When you have viewed three PEI properties be prepared to cut one from the search. Then as you view another property, cut one again. This means that you are never choosing from more than 3 PEI homes as it is hard to compare when there are too many options.
Once you have made your choice and are ready to offer that is when the work begins. We advise against becoming too emotionally involved in a home as there are usually other homes that would suit as well and too extreme an emotional involvement makes it hard to do business or walk away. We will advise you on an opening offer based on comparables. These are similar PEI properties in the area that have sold recently. We will adjust this price up or down depending on how closely the property that you are offering on resembles the comparable and whether it is worth more or less as a result.
Your offer will be written up and presented to the seller. The seller may accept your offer outright, counter with a different price, possession date or any other variable in the purchase scenario, or reject outright. If your offer is rejected you have the option of re-offering but his puts you in a poorer bargaining position. If you are countered then you must consider your response carefully. If the counter is close to what you wanted to pay then you may accept the counter offer. If there is still room to negotiate you can try countering again. When you counter then the vendor may once again accept, reject or counter.
Once terms are set, and the deal is made, the rest of the process switches to your lawyer. You will need a lawyer with PEI real estate experience working for you. They will perform what is called conveyancing. They will search title, determine the pro-rated portions of oil, taxes etc that you will owe the vendor, as well as preparing the final documents etc. You will attend at your lawyer's office when everything is prepared and sign your documentation and pick up the keys.
You are now a home-owner! Sound hard? There can be some emotional moments and there is definitely stress attached to buying your first home, but with one of us at your side we can help you and guide you through the whole process.
The following PEI Homes may be suitable for first-time buyers
518 OATWAY RD , CONWAY C0B 1J0Great property for hobby farm. Many updates in recent years including basement floor, oil furnace (leased and to be taken over by purchaser) Hot water heater also leased. Wiring updated. One wired building plus one storage building on property. $64,900.00 More
153 BRODERICK , SEACOW POND C0B 2B0Three Bedroom house in need of TLC located on a large lot. $45,900.00 More
2583 NORTH BEDEQUE , NORTH BEDEQUE C1N 4JGreat location only 10 mins from Summerside. This 3+1 bedroom home has had many updates including detached two car garage that has a swimming pool behind it. Beautiful big back yard for those family gatherings that has seen many landscaping features in the last few years. Owners love this property but due to work commitments have to move off island. $109,900.00 More
4208 UNION RD , ST EDWARD C0B 1Z0This is a 3+ one bedroom home in the community of St Edward. This home has a large addition built on approx 10 years ago. Home is in good condition. Living room has a propane fireplace, bath has a whirlpool tub with separate stand alone shower. The rooms are all large and roomy. Home sits on 1.16 acre lot. This home is priced to sell. $89,500.00 More
5125 FRENCH RIVER , FRENCH RIVER C0B 1M0Opportunity Knocks, former convenience store and dairy bar with a 2 bedroom apartment upstairs. This property comes equipped with dairy bar equipment and is located in the scenic village of French River which sees its fair share of travellers. This property would make a great summer business. $109,900.00 More
13 MAPLE ST , WELLINGTON C0B 2E0This unique, renovated back split sits on a nice treed lot with privacy. Home has seen many updates over the past few years such as shingles, siding, windows just to mention a few. Interest rates are low, this would make a great home! $115,000.00 More
446 NOTRE DAME , SUMMERSIDE C1N 4H8Exceptional home! This home is immaculate and well appointed in every detail. One showing and you will be very impressed. Hardwood floors, new windows, some new doors. Appliances included. $114,500.00 More
7 LOWTHER ST , KENSINGTON C0B 1M0Well cared for 3 bedroom home with detatched garage. This home has had many updates over the past number of years such as an oak kitchen, windows, roof, hard wood floors and more. This home is well worth the money. Close to all amenities. $75,000.00 More
21 GASPE RD , O`LEARY C0B 1V0Here is a very neat and tidy 3 bedroom storey and a half home in O`Leary. Home has a large dining and living rooms. 3 bedrooms are on the second floor and also has seen many renovations and updates in past years, vinyl exterior, roof(asphalt shingles) doors, windows, flooring, new decks, front & back, furnace is approx 9 years old, new oil tank. Home has an outbuilding and a nice manicured lot with mature trees this home sits on .4 of an acre lot. All sizes and measurements are approx. Call 859-1313 or $87,000.00 More
82 MALPEQUE RD , MALPEQUE C0B 1M0Many updates in this well cared for Waterview home. Updates include, windows, roof, foundation, siding and more. This property is just minutes from beautiful white sand beaches and the national park. $112,900.00 More
3944 O`LEARY RD , SPRINGFIELD WEST C0BThis 3 bedroom bungalow is all wheelchair accessible. Home is 22 years old and sits on 3/4 acre lot. Home is heated with oil and wood furnaces. An attached garage and a 20x24 workshop. There is a second property that is included with an old house and barn but is not warranted by the vendor. Second property is a 1/2 acre in size. Assessment and Taxes are both properties added together. Contact listing agent 859-1313 $109,500.00 More
5 GRAFTON ST , GEORGETOWN C0A 1L0Cozy 1 bedroom home located in historic Georgetown. Just move in; this home has been newly painted inside and out, new kitchen cabinets, kitchen sink and appliances, new hardwood floors, windows, doors, light fixtures, hot water heater.NEW ENERGY SAVING ELECTRIC HEAT INSTALLED. DEC,2009. Shingles on roof replaced, all new electrical and plumbing 2008. Steps to boardwalk, beach, confederation trail, boat launch, restaurants, Kings Theatre, shops and beautiful sunsets. 5 minute drive to Brudenell Golf Course, Dundarave and Divine nine hole course.Property includes 12x7 shed. Make an offer. Call Tanya $49,900.00 More
- BUNGAY RD , HUNTER RIVER C0A 1N0The lot is on Bungay Rd, Hunter River. the house has been removed from it`s original foundation on Hwy#2, and is waiting on the adjoining property, to be moved by the purchaser on `AS IS` basis to the lot herein listed. The purchaser shall be responsible for completing the move of the building to the lot. This is a terrific deal for someone who wants to do the work. The house has had many updates over the years, and will make a fine home or investment property. To be surveyed and severed from overall parcel by vendor before closing. House could possibly be used as multi family. Most windows are recently new. $59,500.00 More
1131 CANNONTOWN RD , ST TIMOTHEE C0B 2E0Well cared for charming older home on beautiful property. This is a great family home in a wonderful area to raise children or a wonderful summer home. Tons of room with great potential. New well, pump and furnace in 2002. Oil tank was new in 2000. Must be seen to be appreciated. $54,500.00 More
138 WALKER , SUMMERSIDE C1N 4W8Location, Location, Location!! 3 bedroom bungalow only minuttes from malls, hospital and other amenities. Priced to sell at $112,900 Great buy. Newer furnace, hot water heater as well as 8-10 year old roof, ensuite off master bedroom. Fireplace in living room and large wood stove in rec room. Good size rooms. Large treed back yard. Just move in and enjoy. $112,900.00 More
598 MAIN ST , ALBERTON C0B 1B0A neat as a pin one plus bedroom home right in town. Some recent renovations and upgrades include new asphalt shingled roof, new vinyl windows, new steel ext. door with sidelite. Eaves troughs, countertop, new paved driveway. The well, wiring, hot water heater are also newer. a deck and private back yard for relaxing. A detached garage. A real nice home that would be a great starter or retirement. The work has all been done. This home is well worth a look. $68,500.00 More
890 BRADFORD RD , CAPE TRAVERSE C0B 1X0This 90 year old 2 storey L shaped home still has potention. Located in a quiet rural setting, just 2-3 minutes off the Trans Canada. There is no PCDS for this property, but it appears roof has been reshingled recently as seen in pictures. Structually sound, with original trim, doors, stairway, windows, needs foundation work. Has been used as a bed and breakfast in the past and could be again or a great summer home with some work. $29,900.00 More
109 RUSSELL , SUMMERSIDE C1N 2V1This home is very unique with a great deal of character and charm. Many renovations include roof reshingled, vinyl siding, windows, doors, furnace, oil tank, water heater, decks, bathroom, kitchen. There is a separate dining room, large mst bedroom with cathedral ceilings.. Many shrubs and perennials. Nothing on the market quite like it. $119,900.00 More
2331 UNION RD , MONTROSE C0B 1B0Cute, quaint, roomy and a must see. A real nice home with a large lot. Ceramic and hardwood floors. all appliances remain. Lower Level is finished with a laundry room. 2 decks, one in the front and one in the back. Take a look, it`s worth it. $95,000.00 More
108 DUKE ST , SUMMERSIDE C1N 3S2Well maintained 3 bedroom bungalow ready to move into. Fridge, stove, dishwasher, washer, dryer and vacuum system all included for this price. Close to Credit Union Place, boardwalk and just across the street from playground. Hot water is heated by propane. $79,877.00 More
791 102 RTE , SPRING VALLEY C0B 1M0Good solid mini home on own lot - `sold as is` $21,900.00 More
84 BROADWAY , KENSINGTON C0B 1M0Great starter home in a nice location. Home is situated in the splendid community of Kensington. sits on a large lot and is walking distance to all amenities. The home needs a little tlc but for the most part it is in good condition. $79,900.00 More
879 SUNNYSIDE RD , GRAND RIVER C0B 1Y0Searching for a wonderful secluded country retreat? Here is the perfect “escape to” property. Although easily accessed off route 2 (turn onto rte 131), the long driveway ensure your solitude is not disturbed any time soon. The grounds provide a natural reflective sanctuary for strolling. The location yields easy access to boating, hiking, cycling or many other distractions. The home provides you with proper settings for unwinding and disconnecting. This 3 bedroom boast major upgrades to roof, siding, windows and doors. As well as a new well, septic and pump. Currently one bedroom and bathroom are undergoing renovations. This very affordable country retreat maybe just what you’ve been after. $69,500.00 More
288 MAPLE ST , SUMMERSIDE C1N 2H3Well maintained 3 bedroom is in a great location and ready ot move in. Solid oak cupboards in Kitchen, hardwood floors throughout, single car garage. Attic would make a great area for a rec room or family room. 18 x 8 deck. Home has been updated in stages, rewired to 100amps in 08, hot water heater and oil tank 3-5 yrs. Close ot downtown shopping, boardwalk, gym and park. $83,500.00 More
36 MILL RD , WELLINGTON C0B 2B0Three bedroom bungalow with attached porch side entry. Right in the center of Wellington, less than a 5 minute walk from mall. Many upgrades over the past four years. Huge master bedroom with double closet that has 6` opening for easy access, plus computer area. Kitchen, dining and living rooms with open concept. Two decks and a storage building 12x16 that is wired for that handyman. Located 10 minutes from Summerside, low taxes, this is a great home, in a great area. The downstairs is partly developed, easy to finish with your ideas and tastes in mind. Vendor had a certified home inspection completed on Feb. 03 2010 a copy of it available to viewers. $99,900.00 More
4590 UNION RD , ST EDWARD C0B 1Z0Here is a neat as a pin 2 bdrm bungalow with many many renovations in past couple of years. New vinyl exterior, new windows, new asphalt shingled rof, new extra attic insulation, new drilled well, new septic system, hardwood floors in living and dining rooms, oak cupboards and house trim interior is oak. Furnace is 7 years old, 4 appliances are included. A detached garage. This all sits on .53 of an acre. Call or 859-1313 $84,900.00 More
27 VICTORIA ST , KENSINGTON C0B 1M0Older property in need of some TLC. Great starter home. Good size master bedroom and nice yard. Priced to sell. $57,900.00 More
27 GARDEN DR , KENSINGTON C0B 1M0Well kept home in a nice neighborhood. Spacious dining room, main floor laundry, 3 bedrooms, den/office on upper level. Beautiful corner lot. Call to view!! $89,900.00 More
6399 FRENCH RIVER RD , NEW LONDON C0B 1M0Great views of the Southwest River from this home in New London. Located in beautiful New London this property would make a great summer home. Close to beautiful golf courses and white sand beaches and minutes away from the National Park. Check or $80,900.00 More
556 BEDEQUE RINK RD , BEDEQUE C0B 1G0Great starter home locatd in the community of Central Bedeque, less than 10 mins from Summerside. Home has had many recent renovations making it a very comfortable home in a nice quiet community. Traffic is minimal on the road and the 0.47 acre yard offers many options for outside use. 10x13 shed included Call $59,900.00 More
5136 FRENCH RIVER , FRENCH RIVER C0B 1M0Well kept home would make a great place to live or spend your summers. Located in beautiful scenic French River. Just minutes to beautiful white sand beaches, golf courses. This home has many updates such as windows, flooring, kitchen, bathroom and more. or $83,000.00 More
23 KELLY RD , CASCUMPEC C0B 1V0Here is a 3 bedroom mini home on a large private lot. Home is 21 years old with many updates. New vinyl windows, 4 year old pitched roof with asphalt shingles, new hot water heater and cold water tank, new fridge and kitchen water taps. Home has an addition of 10x15 built on the back of home. there is a 10x16 outside storage building. This property is bordered by a brook and is 2.9 acres in size. Call to view this home 859-1313 $56,900.00 More
32 FERRY RD , CASCUMPEC C0B 1V0Lovely 4 Bedroom home located in Cascumpec. This home features a new kitchen with ample oak cupboards and a entry way. All new windows, siding, wood/oil furnace. Large lot ideal for raising your family. Home has had many updates over he past few years. Call listing agent for all details. $95,000.00 More
8 PLESANT ST , WELLINGTON C0B 2E03 bedroom home located in the community of Wellington. Home is located on dead end street with 3 other homes. Very quiet area, very little traffic. New roof 2008, new h/w heater 2009. Numerous other updates in past number of years as well. $3500 new wood stove professionally installed. if you are tired of renting or want a rental property, this one is for you. A great starter home as well. $65,900.00 More
25091 ROUTE 2 , KENSINGTON C0B 1M0You need ot view this well kept bungalow to see how much it has to offer. It`s ready to move in. Many recent updates incl flooring in hall/living rm (05), some new windows, roof shingled (07), insulation blown into attic (08), new floors in bedroom (10), all new interior doors. A large garage 14 x 24. $99,500.00 More
297 NORTH DR , SUMMERSIDE C1N 4H8Neat and tidy 3 bedroom home with detached garage. No PCD as vendor never resided at premise, used as a rental. $109,900.00 More
2086 DOCK RD , BROCKTON C0B 1K0A 3 bedroom bungalow in a quiet rural area. Home is heated by wood and electric. Kitchen, living rooms have pine covered walls with the living room having a cathedral ceiling, new kitchen cabinets. Basement is partially finished with a third bedroom (12x14) and remainder is wide open with potential for more living space. Home comes with 2 car garage/workshop detached 3 baby barns, large sheltered deck. Appliances and pool table are also included. $119,900.00 More
73 VICTORIA ST , KENSINGTON C0B 1M0Well kept 1.5 Storey home in the quaint small town of Kensington. Home features 2 bedrooms, 2 baths, large private yard with bigger single car garage w\ shop. This home is well worth a look at this price. $69,900.00 More
23498 TCH , BORDEN CARLETON C0B 1X0Tidy 3 bedroom bungalow on 1/3 of an acre in good central location. Modern kitchen, attached garage, spacious living area and full basement for extra room if desired. Six appliances included. $115,000.00 More
50 GRANVILLE , SUMMERSIDE C1N 2Z2Perfect Location!This property is in Move In Condition! This home in the heart of Summerside is well worth a look!Everything has been done to this conveniently located 3 bdrm has much to offer. The main floor has hardwood in the very bright living rm & front entry. New kitchen within the last 7 years which offers a large pantry, pull out drawers & a ton of cupboard space. The kitchen also offers a nice breakfast nook. Large bathroom has also been done in the past few years with new tub surround and cabinets. The back of the house has a laundry/mud room which leads to a very quaint backyard w\ a storage shed. Finished rec room in the basement along with an unfinished part (could be left for storage or developed). The staircase to the second level was redone 4 years ago with hardwood. Large master bedroom has a built in armoir. New walls & new insulation upstairs in the last 6 years. Windows in the last few years (except piano windows). This is a great home for anyone wanting to be clo $104,500.00 More
222 CENTRAL ST , TIGNISH C0B 2B02 two bedrooms. Here is an over & under duplex in the village of Tignish where you can walk to everything. Home has had some reno`s & updates in the past few years. New flooring, roof shingles 2 years old, partial bathroom. Home has vinyl windows and steel exterior doors. 100 amp electrical service. New oil storage tank. Pruchase for an investment or you could live in one and rent the other out. $64,900.00 More
9693 ROSEVILLE , ROSEVILLE C0B 1E0A 3 bedroom bungalow in community of Roseville. Home has hot water radiant heat, vinyl floors, vinyl exterior. This property has 2 lots one behind the other. Over a half acre in total. Property sold as is where is condition. No PCDS on this property. Vendor Schedule A or B to be part of all offers. $29,900.00 More
10 LLOYD ST , O`LEARY C0B 1V0Here is a 3 plus 1 bedroom bungalow on a dead end street in the Village of O`Leary. 3 bedrooms on main level and one in the basement. Home has a partially finished basement and attached garage. Finished rec room in basement. new flooring in 2 bedrooms, hall, dining rm and kitchen, garborator is about 1 year old. Bathroom completely renovated approx 7 years ago. Call (9020859-1313 or $99,500.00 More
1571 O`LEARY RD , UNIONVALE C0B 1V0A 4 bedroom bungalow just outside of O`Leary with many renovations in the past few years. New Kitchen cabinets, new bath, most floors have new laminate, all doors and windows trim are new and some new windows. New hot water heater, water pump, light fixtures. Applicances are 5 years old and furnace is approx 7 yrs old. Attic was renovated into master bedroom with walk in closet and a den area. A nice bungalow for a good price! $89,900.00 More
303 PHILLIP ST , TIGNISH C0B 2B0Very solid 3 bedroom bungalow. New furnace and oil tank. Cheaper then any rent! Sold `as is`. $33,900.00 More
1284 DEBLOIS RD , DEBLOIS C0B 1Z0Great 6 bedroom 2 bath home located in a quiet side street in Deblois. Home was previously used as a private home and a seniors care facility. Two separate living rooms. Venders open to offers. Property sold as is where is. No property condition disclosure. $105,000.00 More
239 PHILLIP ST , TIGNISH C0B 2B0Great fixer upper! Cheaper then rent. Sold `as is`. $9,900.00 More
2488 BORDEN CARLETON , BORDEN CARLETON C0B 1X0Country home with character ready for restoration on large well located highway commercial lot. The choice is yours with this property located only 1 minutes from the bast of the Confederation Bridge with 1 million drive by travellers annually. Potential and possibilities for new owners are only limited by their imagination. Vendors never lived in property so no PCDS. $79,900.00 More
1946 SOUTHWEST LOT 16 , LOT 16 C0B 1T0Lovely country home. Very neat and tidy home with view of Grand River. 2 bedrooms (potential for a third bedroom), Large Living Room and family rm. Large garage attached and one detached. Pine LR. Private setting, priced to sell. Make an offer New doors, some new windows, pine on floors and walls, new paint in kitchen and more. $59,900.00 More
3742 ST NICHOLAS , ST NICHOLAS C0B 1T0It you are looking for country living minutes from town, this is it. This charming 3 bedroom home is nestled amongst trees and has over 2 acres for the kids and pets to place freely on. If you have horses there is a 24x45 barn, plus a 14x22 out building. Living room has new laminate flooring as well as the kitchen. This home has a lot to offer and is well worth a look. $119,900.00 More
12038 PLEASANT VIEW , PLEASANT VIEW C0B 1Z0A very neat and tidy 3 bedroom bungalow. All new flooring throughout, main floor laundry room, appliances are approx 5 and under years old. Roof is 3 years old. Vinyl exterior and windows, wood and oil furnace, home is easy to heat, an eat in kitchen and a large dining room. Bath has a whirlpool tub, there is a large and private back yard and property has lots of flowers and shrubs. A detached single car garage. This all sits on over an acre lot in the quiet community of Pleasant View and is only a 5 minute walk t a sandy beach. $114,900.00 More
46 14 RTE , CARLETON C0B 1V0Good older home requires some interior work (TLC). No property disclosure. $24,900.00 More
139 HARVARD ST , SUMMERSIDE C1N 4R5Cute, Convenient & a fair amount of work already done. Updates over the last few years include oil tank, furnace, roof, patio, oak cabinets, hardwood floors in living, dining rms and upstairs hallway. Small shed. Currently running 60amp but priced to allow for work to be done. $59,900.00 More
4198 UNION RD , ST LOUIS C0B 1Z0Sold as is no ppty disclosure $70,000.00 More
163 KIRKPATRICK , 163 C0B 1H0You won`t find a better view at this price. Enjoy your summers or year round overlooking Carleton Cove, fisherman`s wharf and the Confederation Bridge. Concrete foundation, vinyl siding, fenced in yard. Two bedrooms up, one bedroom and bath on main level. $39,900.00 More
560 STEAD RD , WHEATLEY RIVER C0A 1Property sold `As is Where is` Island sandstone foundation. Barn is approx. 60 x 80 and structurally sound. Vehicle storage a possibility. House needs sill and floor joist repair, and other updates and renos but can be a lovely home. Additional acres a possibility. Quiet country living. Great area and close to town. To be surveyed from larger parcel before closing. Additional adjacent acreage and pole barn also available. EMAIL jm.farquharson@gmail $69,500.00 More
2056 DOCK RD , BROCKTON C0B 1K0Here is a 4 bedroom country style farm house with all the renovations and updates that are done. Main floor bathroom and laundry room, windows, doors, siding, new insulation and gyproc, roof, wood furnace are some recent renovations. Shopping, bank, beaches, golf courses are only a short drive away. Large 1.5 acre lot. Wood furnace for heat only.Call to view this home at 859-1313 or $79,900.00 More
