Your Weekly Market Update For River Park South
This week it's a simple case of supply and demand. The more houses on the market, the more choices there are and prices won't be driven up quite the same.
This week it's a simple case of supply and demand. The more houses on the market, the more choices there are and prices won't be driven up quite the same.
Divorce.
It’s a hard word to say.
It’s a hard emotion to feel.
It sucks, to put it plainly.
We’ve recently helped several clients who are going through a divorce or separation navigate the home sale process.
We know that divorce is already a difficult and emotional time, and we want to do everything we can to make the sale of the home as stress-free and smooth as possible.
We’ve learned a lot about how to navigate a home sale in the midst of a divorce and we’ve found that communication and amicability between both parties is key.
We work closely with it’s our sellers to ensure everyone is on the same page and that the sale is handled in a way that feels fair and equitable to everyone involved.
If you or someone you know is going through a divorce and needs help selling their home, we’re here to support you.
We are experienced in navigating these challenging situations and we’ll do everything we can to make the process as seamless as possible. Don’t hesitate to reach out to us for questions or to just talk more about the process from start to finish.
Summer is right around the corner.
Some of your kiddos are done with school already.
And so what does that mean in the world of real estate?
Some years it means a bit of a slow down, other years it picks up speed, and we never really know until we are in it what is going to happen. There is a bit of a myth that by summer it is too late to sell, that families want to be in a home before school starts. And while that may be partially true, there are way more out there that have the flexibility and will move whenever the right home comes up for them.
So, if you are needing to sell, don't wait till the fall, be bold and hit the market during the summer, because there is nothing better than green grass and great weather to put the buyers in a good mood to buy your home.
This picture makes me smile, and chuckle all at the same time.
What makes me chuckle is the lead-up to this picture. A phone call just days before I was leaving on vacation, and from there we booked an appointment the day before I left and started lining everything up. The team did the photos and video while I was away, we launched it on the market from Scotland and were instantly flooded with showings. This poor family hardly got to be at home at all for the entire week as showings were at least double what I was expecting (a good problem to have).
As our airplane was landing back on Winnipeg soil @soldwithsandeep was meeting up with them to present offers. I had purchased wifi for the 9-hour flight home so that I could see what was happening, the suspense was killing me and I wanted to know how many offers we were going to get. After being awake for nearly 24 hours and feeling like a zombie I smiled the biggest smile when they had 11 offers to review at prices higher than we all were expecting.
Thank you for not only trusting me but for trusting the team with the process. We all loved working with you and wish you all the best in your new adventures!
This market is challenging, we are seeing crazy bidding wars still going 100k over, but then we also see homes sit on the market. As a seller and a buyer, you must be prepared for both and have the right strategy heading into this market.
It is all around tricky, but we are here to help you through it, make sure you come out and win! Dm us, we would love to chat with you.
When you’re buying a home it may feel like you’re just giving money here, throwing money to that person, paying this fee…and so on 🥴🥴
Deposit costs.
Closing costs.
Fees.
Down payment.
Money.
Money.
Money.
One thing that we know can be confusing is the difference between a deposit and a down payment.
Once you give at the time that you write the offer. The other you give just before possession.... but the trick... the deposit is part of the down payment... How is that for adding in a bit of confusion?!
Still, have questions about costs? We’d love to help you understand them, send us a message or give us a call!
This journey couldn't have been more perfect from beginning to end.
First, we found their dream home off the market, then we listed their home just as the market was picking up speed. We had an overload of showings and sold the home for more than they ever could have expected.
Watching your happiness over the past few months has been the best thing ever. Your happy tears have filled my heart and I have loved every moment I have had with your family. All 4 of you are amazing and I am just so incredibly happy for you.
Why are the rates going up? Will they keep going up? When are they going to go down? Should you still buy a home? What do we know?
The government still wants to slow down spending, and they want to slow down the price of houses so they are trying to do that through the rates.... what we know... it isn't a rate issue, it is a supply and demand issue, so it may make some buyers hit pause on their buy but there are still the rest who need homes no matter what and it won't slow them down.
Any questions about rates? We have great lenders we can hook you up to chat about what might be best for you.
A whopping 14 houses hit the market over the past 7 days in River Park South. This is welcome news for buyers!
Look at that!! I am so proud of the shelter foundation and how much they do to help women and children escaping domestic violence.
We are working hard to increase this number through our next shelter trek, click the link https://bit.ly/givetoshelter to donate and help!
This smiling face is just the best thing ever. The journey we went through to get to this smiling face was one heck of a journey full of frustration and obstacles, but Kim pushed through, and she pushed hard making sure that she got exactly what she wanted.... and because of that, it turned out beyond perfect in every single way.
I am so so so happy for you and so thankful that I got to be a part of this journey with you.
WINNIPEG, June 7, 2023 – MLS® sales in May grew again over the previous month and made gains on the 5-year average. Meanwhile, active listings grew over last month, substantially over last year and inched up slightly over the 5-year average.
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We think the biggest and most important thing when it comes to selling 𝘆𝗼𝘂𝗿 home is that we 𝗹𝗶𝘀𝘁𝗲𝗻 to you.
You live in your house.
You know the ins and out’s of it.
You have memories and moments.
You are the seller.
We’re simply here to be your experts guide and advocate and the best thing we can do is listen to you from the beginning until possession day to ensure that everything you want in the sale of your home happens. Right down to how we market it in the way that you feel it best showcases your home.
Raise your hand if you've seen a house hit the market, but by the time you open your phone to schedule a showing - it's pending.
Yes, Winnipeg. We’re still in a low inventory market. Why? Because many homeowners are locked in an astronomical interest rate and don’t want to sell and lose those 2 and 3% rates to get a new home with a 5% rate. Because we have more people coming into home ownership than leaving their homes.Curious about how to handle a low inventory market?
Here’s a quick rundown of what not to do as a seller or buyer.
If you’re looking to 𝗦𝗘𝗟𝗟:
▫️Don’t wait. With not many homes for sale, you won't have much competition. Translation? You can likely expect one or more top-dollar offers from eager buyers.
▫️Don’t overprice. Even with low inventory, set your asking price at market value. Doing so means you’re likely to attract more buyers and possibly set off a lucrative bidding war.
▫️Don’t worry. You're going to get a greater return on your investment. Rising prices mean that homes are also gaining value!
If you’re looking to 𝗕𝗨𝗬:
▫️Don’t wait to get the paperwork ready.
▫️Do everything you can NOW (gather down payment funds, get pre-approved, have your home ready to sell) so when you find your dream home you can move, and move fast!
▫️Don’t make a clunky offer. Make a clean offer with as few conditions as possible.
▫️Don’t let your emotions run awry.
▫️Trust your Realtor. We’ve been in this industry long enough to know and understand the market. Let us guide you and help you make the best offer to win a home.
Ready to sell? Ready to buy? We’re ready for you! Send us a DM or text and we’ll set up a time to talk.
Let's all fold a towel together! I learnt how to fold a towel this way years ago in a completely different job, and it is something that sticks with me and serves me well today!
Is this the same way that you fold a towel? What other tips do you want around the home?
What I would love more than anything is for you to donate here: https://bit.ly/givetoshelter
The funds we are raising during the trek do so much for the women and children who are needing a safe place. The moment when you finally get the courage to leave, have to escape and need a safe place to hide is incredibly dangerous. These shelters provide so much for those that need them.
Do you feel it as much as I do? It feels like so many people are operating on this higher level of tension. That smaller things are bothering people in bigger ways and there seems to be so much anger.
I think that it is always important to remember kindness every single day whether it is the real estate transaction that you are a part of, or "normal" life. Deep breaths, take a step back and let's all work together.
Ok, we all know you also have your pet peeves of what you don't like seeing in listing photos. Secretly everyone is a closet home buyer searching Realtor.ca every single day.... so while I have my things I don't like seeing, and won't allow in our listings.... what are yours?
Did you know there is a community garage sale happening in River Park South?? If you haven't already signed up head over to the community association page to do so, and if you have.... then we have a kit for you!!
We would LOVE to give you a FREE kit to help you have the most successful garage sale possible, so head on over to the link https://bit.ly/garagesalesignupform and sign up so that we can get a free kit sent off to you.
The gap!! This gap is so important when your basement is finished. When permits are pulled they make sure that this was done correctly, but some people like to do things without permits, so if you are one of those people make sure your contractors (or yourself) are doing this properly.
Buying or selling a home is a huge life decision. I am here for you to ensure you make the best decision possible for yourself.