Your Weekly Market Update For River Park South
Are you curious about the real estate market in the neighbourhood of River Park South? Get yourself up to speed by watching this week's market update!
This Penthouse Has Your Closing Cost Covered!
We know it is hard to save up all the money needed to buy a property, the cash for a downpayment plus the money for the closing costs... it isn't fun.
BUT, with this condo, if you write an offer that we accept before September 30th the sellers are willing to pay up to $8000 in your closing costs!! (wow!)
Comment below if you would like more info on this condo!
The Market Is Amazing For Move-Up Buyers
The market is amazing for move-up buyers.... and here is why. You get to move up into a price point that isn't as active. The $500s and up are a slower market. You get to sell at a price point that is more active.
The $300s are doing amazing right now (neighbourhood-dependent, but generally very active). That means you get to sell high, buy low, and you can make an incredible move up. If you are thinking of "moving up" reach out, we would love to game-plan it with you.
Have You Ever Heard Of A Rent Back?
Let's talk about mortgage hacks...So you're approved, and that approval is expiring faster than you can find a house... and with that expiration means that you also will no longer have that rate you were approved for... and those rates have gone up... ugh...
BUT WAIT... have you ever heard of rent back? There are ways we can get you possession of your home just before that expiration. The sellers and listing agents have to agree, but it is honestly great for everyone. Sellers get their money faster, they get a month or two of cheaper living, and you get possession when you need it so you can save thousands over the term of your mortgage.
WIN WIN!!
Give me a call if you want to know more about this and how we can help save you thousands.
I’m Here To Be Your Winnipeg Realtor
I am here to be Your Winnipeg Realtor, but I can also set you up for success wherever you may be moving across North America!
I am currently in Chicago, meeting with the best of the best in the industry, learning about other realtors, and who might be the best fit for you as we all fly in from across North America. I am hiking in Ecuador with Realtors from across Canada in November, getting deep with all of them, learning what kind of humans they are, what kind of realtors they are, and if they would be right for YOU.
So, no matter where you are moving, let's talk and make sure you have the right people on your side.
Thought Of Living In The Exchange?
Have you ever thought of living in the exchange? It's an amazing lifestyle where you can walk to so many great things.
Local brewery... check!
Theatre... check!
Walks down the waterfront... check!
Local restaurants... check!
Walk to work downtown... Check!
It is just such a fabulous location! Comment below if you want more information on the incredible condo we have on the market.
Trying To Find My Spark
These shoes might look outrageous, but they were about the best birthday gift I could have asked for.
I never would have chosen them, I would have gone for something more subtle, but I am so happy that my hubby was the one who took the risk and got me these shoes.
I had been at coffee with Stacey Burrows recently and talked about searching for my spark, wanting to find it again, and feeling that joy again. The COVID market took a lot out of all of us, it worked us so hard that we lost our joy and our spark in this industry.
And so, these shoes symbolize the beginning of finding my spark. The team has lots of big announcements in the next 3 weeks, I am super pumped for all the people I have around me, and excited for a super sparkly finish to 2023.
What Does ‘Months Inventory’ Mean?
You might often hear "months inventory" being talked about ... what this means is if no new homes hit the market, that is how long it would take for everything to sell if nothing new hit the market. The lower this number the more of a seller's market it is....anything below 6 months typically means it is still more of a seller's market.
WINNIPEG, September 7, 2023 – August 2023 MLS® sales and average prices increased over August of 2022 stemming from increases seen across the main three property types of residential detached, condominium and residential attached homes.
Read MoreYour Closing Cost Covered
I know the government is campaigning right now to remove the land transfer tax... but what if I could make that happen for you now......
Here at this beautiful penthouse at 71 Roslyn, the sellers are offering to cover up to $8000 in closing costs for an offer before Sept. 30th! That means that the land transfer tax is covered!
Comment below if you would like more info.
Will The Buyer Pay A Commission?
How would you feel buyers if you had to pay for your realtor? Do you think you would be able to afford it? Do you think the system should stay the way that it is? Do you think if things change in the United States it could happen here too? So many questions and I would love to know your thoughts below!
Your Weekly Market Update For River Park South
Dive into your comprehensive weekly market update for the vibrant River Park South community. This update is your one-stop source for all the latest real estate trends, property transactions, and community happenings in your neighbourhood. Stay informed and ahead of the curve with our detailed analysis. What’s happening in real estate this week?
Once Approved, Don’t Change Your Finances
I know this sounds like a broken record, but we keep telling you because we keep seeing it happen. Once you get approved for a mortgage you CAN NOT change your financial status. This means, no job changes, no getting new credit, no new cars, no big payments, don't move money around in your bank accounts and the list goes on.
Once your home purchase has been approved you really do need to run any other big decisions by your lender to make sure that you are all good and in the clear.
Let’s Talk About Mortgage Rates
On September 6th there is going to be another announcement about mortgage rates, are they going to go up, down or stay the same...
While we are all a little nervous that they might go up, I love looking back, and seeing that they aren't that high according to history, we were just spoiled rotten for the past few years and so what we are going through right now feels awful.
The 80's... that was awful, but even in the early 2000's the rates were still higher than we are seeing now. It has been nearly 20 years since I bought my first home, and I wish I could remember what my first interest rate was, according to this it would have been somewhere between 6% and 8%... so still higher than what I have right now.
And remember, when the rates are higher is the time to buy, when everyone else is pulling back, this is the market that investors love, and if they love it you should love it too.
