So what's happening with the market?!
Do I wait to sell?
Should I buy while rates are so low?
Honestly, I wish I had all the answers and could predict the future! I've got this question a number of times over the last few days so I wanted to share it with you as well.
If you were thinking of selling, but you don't HAVE to, generally the advice would be to wait. However, with that being the general advice, there will be a reduced number of listings on the market for your home to compete with. (That's a good thing!) Also, rates are incredibly low so buyers who have a stable job or NEED to buy will still be out shopping.
Would it better to wait for the Fall market?
Maybe. But do you want to list your home when every other seller who has been holding out rushes back to the market? Of course not. You have to weigh each options and decide what's best for you right now.
If you were planning to buy, I understand if those thoughts have fallen to wayside. With the question of job security, kids being out of school for weeks and the general uncertainly of the future, you have other things on your mind.
In that case, I'd suggest keeping one eye on the market just incase "the one" does come up for sale. Technology has allowed us to provide a service without meeting in person. We can do video walk through tours via FaceTime or Skype, we can put together offers and sign documents digitally.
There are always options!
Whatever you decide, I hope you're staying safe keeping a positive attitude.
We will get through this!
It's almost that time of the year agian!..
Property tax assessment letters will be coming out soon and if you're like me, you hope they haven't gone up!
At least not by a lot!
If they have, you may want to consider challeneging the City to reduce them.
If you can prove that their valuation of your home is incorrect, they are usually happy to reduce your taxes.
The goal is to make sure everyone is paying their fair share of taxes and not a penny more.
If you'd like my guide to fighting property taxes, just shoot me a quick email and I will be happy to send you the PDF.
Keep on fighting the good fight!
This morning started like almost every other morning in Real Estate.
I poured a coffee and opened my computer to look at the recent sales and new listings in Winnipeg.
Everything seemed normal. A bunch of new listings. A bunch of finalized sales.
$50,000 OVER ASKING???
I looked at the house and location and thought WOW.. Somebody got excited!
This is a dream scenario for a seller, though. Multiple offers, price gets pushed up and eventually sells for over asking.
For a buyer, though, this is a scary situation to be in.
In a multiple offer situation you need to keep your emotions calm and think rationally.
For example, if those buyers wanted to sell their new home tomorrow, they would be hard pressed to get the same number they paid. That's because they paid over market value for it.
The only reason it sold for what it did was because there was so much urgency created by the listing agent in under pricing the home, that buyers fought over it. Not literally.
Maybe, this is their "dream home", I hope it is, and they plan to live there for the next 50 years. (Not likely!)
Considering the costs of selling and the fact that our market appreciates slowly year over year, these buyers wont be able to move (without taking a loss) for another 10+ years.
Just something to keep in mind.
Sometimes the best deal is the one you don't get.
And for all the buyers who "lost" out on that house, I think you got the best deal!
What do you do? You have a few good options.
First, you can take a second look at your list. Does your new home need every single feature on it?
Are there one or two features you can do without?
For example, can you settle for a smaller kitchen assuming the property has everything else you want?
Often, buying a home that’s close to perfect is perfect enough.
Second, consider what features you might be able to add to a home later, by way of a renovation or other improvement. If a property doesn’t have a finished basement, for example, you might be able to get that done down the road.
Indeed, there are probably many features you can add later to an otherwise desirable property.
Finally, consider the current level of activity in the local real estate market.
Is it likely that a lot of new homes will be coming on the market soon? If so, your perfect home may come up on the market within the next few weeks.
Maybe even tomorrow!
In that situation, make sure you arrange to get immediate alerts for newly listed homes that meet your criteria. You’ll want to jump on each new opportunity before other buyers learn of the listing.
The good news is, in most cases you should be able to find and buy a great home, with most — if not all — of the features you want!
I'm happy to help you do that!
When buyers come to see your home, the first thing they notice is how your property looks from the curb. That first impression is powerful and lingering. If buyers don't like what they see, it can influence how they judge the rest of your property, regardless of how great it looks on the inside.
You definitely want to do whatever you can to boost curb appeal. Here are six affordable ideas to consider:
Driveway sealing.This make sthe pavement look darker and less faded. It also helps cover up some of the cracks. Sealing won't give you the "brand new" look of repaving, but it's close — and significantly less expensive.
Exterior window washing. Washing the front windows makes them look clean and bright. In fact, the effect can be stunning. There are window washing products that connect to your hose to make this job easier. Check your home improvement retailer.
Maintaining shrubs, hedges and flower beds.Trimming the hedges, shrubs and other evergreens can make a big difference in how your property looks from the street. It's like giving them all a haircut! Flowering plants can also brighten up the look.
Front door painting. From the curb, a buyer's eye is naturally drawn to your front door. If your entry system looks old and worn, consider a fresh coat of paint. It can make the entrance look almost new.
Garage door painting.This is a bigger project that can take a day or two, but the effort might be worth it. For many homes, the garage door is the biggest item in the curb appeal panorama. Making it look better will have a big impact.
Removing unsightly items. Look at your home from the street. Are there items in your field of vision that take away from the curb appeal? For example, are there garbage cans and other items stowed along the side of the property and visible from the road? If so, move them.
I heard this the other day at a listing appointment and to be honest it didn't really suprise me..
I was chatting with the sellers about when the right time would be to list their home. It was recently painted, cleaned and all put back together after a some minor repairs and it showed great!
I suggested we take photos ASAP and put it on the market right away to really show off how well it looked.
She said, "but nobody buys homes in January.."
This is a pretty common misconception from the general public about selling their homes in the colder months.
Most sellers believe that if they wait until Spring, they will have a better chance of selling and also a better chance of recieving a higher price.
While Spring is generally a "busier" season, it doesnt always translate into quicker sales or more money.
The fact of the matter is that in January, there are not as many listings on the market to compete with. This gives sellers more leverage when they receive offers because the buyer doesnt have another two or three houses they can choose from as back ups.
Also, with less active buyers out looking at homes, sellers don't have to entertain as many showings as they would if it were Spring. That's because if anyone is brave enough to fight the cold to come look at a property, there's a great chance it's because they NEED to move and not just because they want to see how you decorated your living room.
Every home has the ability to sell during any month of the year and how that property is priced and positioned on the market will determine if, when and for how much it sells.
If you're toying with the idea of when to list, call me anytime. I'll give you my honest opinion about when and for how much to list!
What a year 2019 was...
I couldn't be more grateful and proud to accept this award.
The Royal LePage President's Gold Award is given out to those who finish in the Top 10% of Realtors® in their marketplace.
This would not be possible without the support of my family, my fellow colleagues and brokers and the ongoing support from current and past clients.
From the bottom of my heart, thank you!
You're driving home from work and see a "For Sale" sign on your neighbours lawn.
That's exciting! Well, kind of..
You've come to really like the "Smiths" who live down the street. You see them occasionally and throw them a wave. It's a simple relationship.
You get home and jump on the computer to pull up the listing. After all, you want to see if they've done any renovations over the years!
You pull up the listing and see the price, look through the pictures and go about your evening business.
A few weeks go by and you see a "Sold" tag hanging from the sign!
That was quick you thought! Good for them!
Later that week you see Mr. Smith outside shovelling.
"Congrats on the sale!" you yell from the car.
"Thanks!" he replies. "We got over asking price, too!"
"That's awesome, we'll miss ya!" you say and continue driving home.
Later that night, you can't stop thinking about Mr. Smith saying they got over asking price for their home.
"Should we sell our house?" you think. "I know our house is just as nice if not nicer than theirs..'
Two months go by and you decide, let's do it! Let's list out home..
You invite a professional Realtor® over to give you some tips on how you can get the most amount of money for your house, how the process works and also, the important part, what it's worth!
He begins showing you some similar homes that have sold nearby until he pulls up the Smiths home..
"This home sold for $15,000 below list price." he says.
"That can't be right, Mr. Smith told me they received an offer over asking!"
"Hmm" the Realtor® says... "It says right here it sold for $15,000 under asking.."
Doesn't this change everything.
"Well we wouldn't have decided to sell had we known that!" you say frustrated...
Can you see where I'm going with this?..
The purpose of the Neighbourhood Spotlight is not just to be able to call BS on your neighbour when their home sells for less than they tell you, it's so you can keep your finger on the pulse of the market! It's so you know what's happening around you so you can make an educated decision on when and if to sell.
This service is FREE!
Anytime a home nearby sells, you get the listing sent to you which includes all the information I get as a Realtor®.
Pictures, specs, upgrades but most importantly the PRICE.
I'd love for you to sign up.
All I need is your email and home address.
It's that simple!
Click HERE to sign up now
Isn't that exciting!
I'm a big fan of celebrating New Years. It's an opportunity to look back and celebrate your wins and appreciate your losses. A time to reflect on what went well and also what could be improved.
I'm constantly trying to improve in my business and personal life so it's important for me to do a good self audit at the end of the year and set a plan for the upcoming year.
I set goals for both areas of my life. I have business goals and I have personal goals. I think it's important to seperate the two because in this business it's not hard to get the two mixed up.
Do you like setting goals? Are goals important to you?
I find they keep me on track when things get really hectic. Sort of my North star (as my friend Chris Turcotte likes to say). When I get off track, it's my way of refocusing my priorities and getting back in line.
With the turn of the decade approaching, I wish you all nothing but the best.
Thank you for all your business in the last six years. It's been a wild ride and would not be where I am without the support of my family, my friends and my clients.
It's a good life!