You’ve Found “The Home.” Now What?


The long, tiring search is over and you’ve kissed a lot of frogs. You've finally found your dream home and want to make an offer on the property. How do you know how much to offer and if you’re getting the most value for your money in this Brandon MB market?


The offer phase of purchasing a home isn’t always straightforward and you need to at least know the market on homes in that area so you can determine if you’ll be getting the fair market value for that home. Ask your real estate agent to go through neighborhood  comparable actives and solds with you.  This report should be helpful with the offer process.


Lowballing is a common term in the world of real estate. It means that you’re offering to buy the house for a number that’s far below the market value. You run the risk of insulting the seller and losing the home for good.


But, if you don’t know the fair market value of the home you could overpay by thousands of dollars. To zero in on the market value of the home you’ve chosen, you should know if you’re in a seller’s or buyer’s market.


A buyer’s market means that there are plenty of homes for sale, but a shortage of buyers. This gives you more power to bid lower than the asking price and to even ask the seller to pay for some or all of the closing costs. In a buyer’s market, you’ll find the seller more willing to negotiate.


If you’re in a seller’s market, there is a shortage of homes for sale and you’re likely to have several potential buyers making offers at the same time. A seller’s market is a little tougher to negotiate in because you may need to compete with other buyers.


It’s sometimes devastating to a potential home buyer when their good-faith offer is rejected – especially without a counter offer. This could happen when the seller receives many offers and your offer was much less than the others. Or, the seller may back off of your offer to see if he can eventually get a better one.


All may not be lost, even if your offer has been rejected by the seller. The seller may not have accepted any offer on the home and you may still have time to negotiate by moving rapidly with a higher offer. This may result in a bidding war that your real estate agent will need to help you with.


A buyer’s agent is extremely helpful if you’re a first-time home buyer. He or she will be familiar with the local market and be able to negotiate the best deal on your behalf. You’ll learn a lot during this process, which may be helpful to you when you decide to sell.


If you’re working in a seller’s market and there’s a real shortage of homes in the area, you may still be able to get your dream home. Find a home you really love in an area you’re interested in and write a letter to the homeowner.


It’s a true leap of faith to try this method, but it’s worked for thousands of buyers and it just might work for you. Even if you receive a “not interested” reply, at least you’ll know you tried.


Never rush to make an offer in any market until you’re sure the home is right for you. Unless you do the proper research on the home, you may be rushing in to a situation that you’ll later regret.


Whether you live in Brandon MB, Virden MB or you're searching for acreages in these surrounding areas, the search can be strenuous and time consuming.  You can call on me to be your trusted go to REALTOR®, with insight on all new listings and recent home sales, within our local real estate market.

I have listed a new property at 1 Valcourt Way in Brandon.
D24//Brandon/Welcome to The Summit seniors life lease community. This 1048 sq ft unit does not disappoint with 2 bedrooms and 2 bathrooms, well appointed open concept kitchen/living room, in suite laundry and spacious balcony with a fantastic view that's perfect for entertaining. Amenities include underground heated parking and storage unit. A life lease offers an alternative to single family home or condo living, after the initial entrance fee of $150,000 a monthly fee is paid that covers rent, water, management and taxes. The North Hill location is ideal with walking paths, close to shopping, a golf course and the sportsplex. (id:2493)
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I have listed a new property at Hamiota.
R32//Hamiota/8.5 Quarters of B Class land for sale. Titled land listed is 1,358 acres with 1,010 acres cultivatable. (Cultivatable acres are provided on a good faith, best effort basis. No representation is being made to their accuracy). The soil quality is high with all quarters being rated 70% 2T and 30% 6W (CLI Classification). Please allow 48 hours for acceptance of any offer. (id:2493)
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I have listed a new property at 25 Sifton Avenue in Brandon.
D24//Brandon/Gorgeous North Hill Bi-Level ready for your family to move right in! A 5 minute walk to the Sportsplex, Kirkcaldy School and the Corral Center, this Professionally landscaped property front and back with In-ground sprinklers and tiered deck is a sanctuary you will fall in love with! This 4 BED 3 BATH 1332 Square Foot home also features a large eat in kitchen lit up by an overhead skylight providing an abundance of natural light. The spacious master bedroom with full en suite is sizeable enough to include your office space. The lower level includes in floor heat and bar area plumbed in and ready for your design. The double garage also includes in-floor heat, a work bench and a loft for extra storage. Other features include: Vaulted ceilings, 6' jet tub, 2'X6' exterior walls, large pantry, main floor laundry, new HWT (2020), R/O system (2018), new dishwasher (2020), new high efficiency furnace (2020). Call your REALTOR today! (id:2493)
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I have listed a new property at 354 1st Street Southeast in Minnedosa.
R36//Minnedosa/Move right in to this gorgeous Cab-Over! A 2008 build with 24 X 22 attached double garage, this 4 bedroom, 3 full bath home could be perfect for your family. Fully finished up and down this move in ready home features a large master bedroom with 3 piece en-suite and open floor plan living/dining main floor. The lower level features large basement windows, and a surround sound entertainment system with projector. The backyard boasts a tiered deck with hot tub over looking Minnedosa's beautiful rolling hills. Call your favourite REALTOR to set up your showing! (id:2493)
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I have listed a new property at 169109 63N Road in Elkhorn.
R33//Elkhorn/Serenity achieved! If you are looking for the peace and quiet of country life, here s the property for you. Located approximately 12 km from the Village of Elkhorn (central to agriculture and oilfield activity) and 100 km west of Brandon you will find this 1996 bi-level home, detached double garage and outbuildings situated on 21.64 acres. The home features a lovely updated kitchen with dining room and patio doors to a 3 season sunroom and deck. On the west side of the lot is a one-acre orchard featuring several varieties of apples and cherries as well as plums, raspberries, saskatoons, pears, hascap, gooseberries, and grapes. Large garden area with trees, shrubs, lilacs and perennials adding beauty and shelter. A small barn, chicken house, cattle shelter, corrals, and pasture are onsite if you re thinking of adding a few animals to the mix. This is a great value! Call today. (id:2493)
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I have listed a new property at 1440 20th Street in Brandon.
B14//Brandon/Updated, immaculate and ready for you! This two bedroom one bathroom condo has been updated and well maintained with new flooring throughout the living room, hallway and bedrooms. Nice kitchen open to a dining area. There are two generous bedrooms, with large closets, and a large updated four piece bathroom. Water and heat included in condo fees! Conveniently located close to shopping, schools, restaurants and public transport. Call your REALTOR today for your personal showing of this fantastic condo. Parking is only steps away from your back entrance! Excellent value! (id:2493)
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I have listed a new property at 18 Derlago Drive in Brandon.
B14//Brandon/Move right in to this fully finished up and down Derlago Drive gorgeous Bi-level! Located in the heart of the booming Bellafield development, this 4 Bedroom 3 full Bathroom home comes with the curb appeal and interior design/finishings that leave a lasting impression. The spacious entrance and large front closet impress right off the hop. The main floor features open concept living/dining, beautiful quartz counter tops and soft close cupboards doors and hinges. Tiled showers, 9' ceilings, spacious cozy basement with built in surround sound, high efficiency gas furnace, the list goes on and on. Call your favourite REALTOR to set up a showing as this one will not last on the market. (id:2493)
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I have listed a new property at 424 Queen Street East in Virden.
R33//Virden/You will love all that this spacious home has to offer! The gorgeous updated kitchen is open to a generous dining room area with French doors leading to the relaxing three-season sunroom. Large windows on both levels give loads of natural light. There are three bedrooms up and two down and three full bathrooms. In the roomy master bedroom you will find a walk-in closet and a 4pc en-suite. The lower level rec room includes a large living room of which features a wet bar and offers an adjoining room large enough for a pool table, perfect for hobbies and entertaining. The unique front entrance boasts heated tile to welcome your family home. The attached garage is heated. 65' lot shows off a huge, fenced backyard of which is made very private with trees. The location is ideal, a quick walk to arena, pool, elementary school & playground, medical facilities and more. Call your REALTOR today to book your personal tour! (id:2493)
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I have listed a new property at 47 Outback Drive in Brandon.
A01//Brandon/Welcome to 47 Outback Drive, a Raised Bungalow bringing the Wow factor! Constructed by a Red Seal Carpenter, with fine attention to detail this immaculate home impresses upon entering through the Brazilian Mahogany front doors. The kitchen/living space features beautiful oak hardwood floors which set the tone and flow of the layout. A gourmet kitchen with oversized Island features seamless granite countertops/dbl granite sink, 3 tone cabinetry and self closing hinges/drawers. The primary bedroom boasts surround sound, a large walk in closet, and beautiful custom tiled shower. You'll notice extensive bulkheads and drywall details throughout the home including insulated inside walls and ceilings for sound isolation. Other features: Radiant heat (full basement floor), heated en suite floor, Separate 220v sub panel for 24X28 garage (includes 7' loft), lift master direct drive My Q garage door opener, under cupboard LED lighting, sprinkler/irrigation to plants/trees. Click on media Link for video tour. (id:2493)
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I have listed a new property at 6 Brandon Hills Estates in Brandon.
CSE//Brandon/Nice remodelled 3 bedroom, 1 bathroom double wide mobile located in the peaceful community of Brandon Hills Estates just 10 minutes South of Brandon. Updates include: Remodelled kitchen including new cupboards, sink and countertops (November '20). Also includes, storage shed, large deck and '18 X '28 Detached garage situated on an oversized lot. (id:2493)
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I have listed a new property at 274 Carlton Avenue in Somerset.
R39//Somerset/Family owned Business since 1998. The Business includes: Convenience Store, Gas Bar, Liquor Mart, and Canada Post.The store offers Fresh Meat, Deli, Fresh Produce, Dairy, Frozen Foods, Tobacco/Cigarettes and Lottery. The Grocery is rununder the Family Foods banner which is a division of Sobey's Wholesale. The only Manitoba Liquor Vendor and Manitoba Lotteriesretailer in Somerset, MB. Above ground tank and fuel contract with XTR which is owned by World Fuel Services which is also transferrableand ends in April 2022. The Convenience Store hours are 7 days a week: Monday-Friday 8am-9pm and Sat/Sun 9am-9pm.The grocery store is open 6 days a week, Monday-Friday 9am- Saturday, Closed on Sundays.Phase I & II Reports available. A Non Disclosure Agreement will be required for release of information. This is a Share Purchase Sale for Asset Purchase price will be different. (id:2493)
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I have listed a new property at 1 Valcourt Way in Brandon.
D24//Brandon/Welcome to The Summit seniors life lease community. This 1048 sq ft unit does not disappoint with 2 bedrooms and 2 bathrooms, well appointed open concept kitchen/living room, in suite laundry and spacious balcony with a fantastic view that's perfect for entertaining. Amenities include underground heated parking and storage unit. A life lease offers an alternative to single family home or condo living, after the initial entrance fee of $150,000 a monthly fee is paid that covers rent, water, management and taxes. The North Hill location is ideal with walking paths, close to shopping, a golf course and the sportsplex. (id:2493)
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Selling a home is no easy feat. There are many aspects of real estate listings that need to be carefully thought out and planned to ensure that the sale eventually pushes through. There are, however, instances where homes take an exceptionally long time to be sold. If the housing market is particularly hot, not being able to sell your real estate property right away may attract the wrong kind of attention.


The good news is that there is usually a reasonable explanation as to why houses are not selling. Being able to get past this hurdle involves trying to find out the reason behind why people seemingly are not taking interest in the property. This blog post will help shed some light as to these common reasons and how to finally put that "sold" sign on the front lawn of your property.

Why Is Your House Not Selling? Here Are Possible Reasons Why

If you are wondering why you may not have gotten as many responses for your real estate listing as you had originally hoped, the problem is rarely with the home itself (although it can be a factor!), but rather with the listing that you put out to advertise the property. Here are a few things that may have gone wrong with your listing and how to improve them.

1) The Listing Price is Too High

Many times, sellers advertise a listing with a price that is simply too high. While it may be true that your home is priceless, buyers may just see it as overvalued. To get an accurate listing price, start by looking at the current market as well as the location of your property. Having a professional assessment carried out is always the best way to determine a realistic price.

2) Photos That Don’t Look Good

Listings that do not attract as much attention may also be caused by the photos that are included in the listing. It is important to make sure that the photos are staged well and have a professional feel to them.

3) Unfavorable Market Conditions

If the market for house sales is not in a good position, it may not be a good time to sell, either. The current market conditions may have an adverse effect on if you are trying to sell your home.

4) Failing to Work with a Professional

Real estate professionals will be able to recommend available houses to potential buyers. Working with a professional will help get your home sold by having it viewed by people who may want to invest in properties in your area.

Conclusion

If your real estate listing has been on the market for a long time without much leads and prospective buyers messaging you with the intent to buy (or at least schedule a viewing of) your property, you can count on it that there may be something amiss with your listing.


Don’t give up, especially if you are set on selling your current home. The key is to find a real estate broker that can help you with the sale. These professionals have a lot of experience under their belt. They can use this information to help you better your real estate listing and finally get those offers you have been waiting for.


Chris Low’s real estate agents have been dealing with these types of listings and can help you narrow down on the possible reasons why your house isn’t selling. We can help you buy or sell homes quickly and conveniently. Let us take charge of your listing and get your property sold today!

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I have listed a new property at 923 12th Street in Brandon.
C17//Brandon/Are you looking for that hidden gem? Then look no further! This three bedroom bungalow has had a main floor total renovation. Interior upgrades include: New Drywall, Paint, Flooring, 75% new plumbing, Windows, Countertops and Brand New Appliances! Exterior upgrades include new 35 year shingles. This property could serve as the perfect starter home or revenue property. Call your REALTOR to set up a showing! (id:2493)
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I have listed a new property at 114 Bluewing Street in Oak Lake Beach.
R33//Oak Lake Beach/New 4 season home knocks your socks off with impressive quality of construction, materials & in style too. Great layout affords lg living spaces, main floor laundry & storage. Well-appointed kitchen features quality cabinets with s/c drawers, pantry, stunning island w/wine fridge & stainless steel appliances. Lg & plentiful windows & French doors allow for tons of natural light throughout. Propane fireplace in living rm, cozy for those cool evenings spent at the lake. 2 bdrms share fun 4pc bath & the glorious master has its own ensuite, walk-in closet, fireplace insert & glass door leading to hot tub. Massive back deck is 2 tiered & perfect for entertaining. Landscaping is complete on this lg lot, incl cute storage shed, RV deck & parking & low maint trees & flower beds. Water well & lg septic holding tank. Everything new & done for you, just move in & enjoy! Love the location; welcoming community at Cherry Point recently added a playground. Only 2 mins from public marina, store, beach, golf & lots more. (id:2493)
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A huge part of real estate is knowing when to buy and when to sell. Keep in mind that an influx in the market can be a precursor to your financial success. With that being said, it’s important that you don’t rush into things when you’re looking to get into commercial real estate. This is because purchasing real estate takes a big commitment, so you’ll need to be knowledgeable and prepared about what you’re getting yourself into.


In this article, we will share four factors that you must consider when buying commercial real estate:

Budget

The main factor that you have to consider is whether or not you can afford to buy a piece of property. The state of the market matters very little if you can’t afford to buy the property. The last thing you want to do is to make a purchase that you can’t afford solely because you’re getting a property for a good price. Even if the property has prices that are trending down, your budget and resources must be the deciding factor when making purchases. Likewise, you’ll need to understand that there is a risk to purchasing property, so it’s best to err on the side of caution when making significant financial decisions like real estate.

Short-Term Financing

Jumping off from the last point, you also don’t want to buy commercial space if it requires you to take on any form of short-term financing. Although it may be convenient, short-term financing can get rather expensive down the line due to high-interest rates.


To add to this, you also have to be prepared for any unexpected scenarios that could affect your finances. The recent global pandemic should be enough to emphasize how volatile commercial real estate is, as things can turn from good to bad almost instantly. This, on top of the loans, could cause you a lot of trouble if the situation goes awry!

State of the Market

If you have your finances in order, it’s time to think about the state of the market and only invest at the right time. You have to think about supply and demand before making any commercial real estate purchases. To understand this fully, you must take the different types and markets into consideration, and a great example of this is buying into office spaces in a post-pandemic world. In fact, former Google CEO Eric Schmidt has emphasized that there will be a massive demand for office spaces as the world approaches normalcy. If you’re looking for office commercial real estate, do check out the listings on our website!

City Growth

You should also look at a property’s potential for growth when deciding to make real estate purchases. The main point that you have to understand is that cities are constantly growing and developing. What may have been considered a stagnant area of a city could eventually grow into a bustling and desirable piece of commercial real estate. What you’ll want to keep an eye out for are any signs of movements within a city. If a big corporation moves into a city, it would be a safe bet to invest and buy property in that area!

Conclusion

It’s important to be thorough when making big financial decisions. Rushing into things will just make you more vulnerable to unnecessary risk, especially when it comes to commercial real estate purchases. Hopefully, you will keep all of the factors included in this list in mind when you’re looking to invest in commercial real estate!


If you’re looking for a real estate agent to help you find the right property for you, look no further as I can help you with any and all of your real estate needs. I can help you find the commercial property that’s right for you in Brandon, Virden, and Manitoba areas. If you want to know more about the properties, check out the listings posted on the website today!

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The Myth of “Love at First Sight” When Home Buying


“Love at First Sight” should be replaced in your mind with “look before you leap.” The myth of love at first sight when home buying has gotten many people in trouble financially and emotionally – and it could all be avoided by keeping some tips in mind before choosing based on love at first sight.


You may fall in love with the first house you lay eyes on. It may seem to have everything you’re looking for in a dream home. But, you’d be wise to check out and compare others to be sure it’s what you truly want.


In fact, it’s best to view as many homes as possible to ensure you’re making the correct decision. You don’t have to look at every home in the area, but comparing at least three is the rule of thumb.


One reason to compare and shop around is that you may find other features you like more in another home. You can then compare the features and decide which you like best and which would benefit you the most as a homeowner. And it could have a lower price tag.


Rushing to closing without the proper inspection and close examination for red flags that might haunt you later is one of the worst things you can do in the home buying process. A property inspection performed by a certified Inspector is a must with older homes as they may uncover deficiencies such as suspect foundations, issues with the furnace and/or homemade plumbing sytems put together during renovations that don't meet code regulations. 


Checking out other homes can also give you a good idea about the resale value of homes in the neighbourhood or other neighbourhoods you may be considering. When you purchase the best home in the area, know that your home may not appreciate in value as much as other homes surrounding you.


While you may love the home – take into consideration where it’s located. A great house in a bad neighbourhood may become a nightmare you have to live with even if you’re in love with the home itself.


Think about your future plans before falling in love with and purchasing a home. Is public transportation something that you need to look at? Are you far away from your work and would have to spend hours in traffic both to and from work? Look at your lifestyle and find out what’s really important to you.


You’ll likely walk through the home several times before you sign on the dotted line. Each time, be sure to scrutinize the property like you’re making one of the most important decisions of your life – because you are.


If you take your time, be honest with your real estate agent and your lender and don’t jump in to buy a home at first glance, you’ll be much more confident in the decision you make.


Whether you live in Brandon MB, Virden MB or searching for acreages in these surrounding areas, the search can be strenuous and time consuming.  You can call on me to be your trusted go to REALTOR®, with insight on all new listings and recent home sales, within our local real estate market.

 
 
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I have listed a new property at 1065 Sycamore Drive in Brandon.
C15//Brandon/Located in the desirable Woodlands area, this fully finished 3+2 Cab-Over home boasts over 1750 Sq Ft of living space. Stepping up from the entrance way you'll find a sizeable sitting room perfect for extra office space or entertaining guests. The well-appointed kitchen consists of custom maple cabinetry, a centre Island and large pantry. The main floor living/dining room integrates vaulted ceilings, and a gas fireplace accented by slate stone. French doors lead to the two-tiered oversized deck overlooking the backyard. The main floor has two large bedrooms and a 4-piece bathroom. An over-sized upper Master Bedroom includes a walk-in closet and 4-piece en-suite bath. The downstairs area includes a large living space with full kitchen and two more large bedrooms. The downstairs 4-piece bathroom includes a comforting Aerial Steam shower with jetted tub. Walking distance to the brand new Maryland Park Elementary school and Crocus Plains High School, Call your REALTOR to view! (id:2493)
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Buying a Home that Fits Your Lifestyle


Finding the right home and one that truly fits your lifestyle is one of the most important decisions you’ll make. It should fit with your lifestyle and have the right floor plan and style that you’ll love for years to come.


Size is important when considering a home. If you’ve got a large family, they probably won’t be comfortable in a small two-bedroom bi-level. A sprawling walk-out condo may not be the best choice either unless it meets other needs – such as enough bathrooms.


Do you like to entertain? Then, consider a floor plan that flows easily – not one chopped up so you can’t visit with your guests while in the kitchen. A backyard or patio may also be important so the overflow of people have room to move around.


Consider the layout of your new home more than the décor or fancy finishes. It should flow easily from room to room and be functional for what you love to do. Don’t choose based on great carpet in the living room but look for how welcoming it will seem to guests coming from a kitchen or foyer area.


When considering your home purchase take into account whether you’re going to be using your current furniture or purchasing new furniture that will better fit your floor plan. If you want to use your current furniture, measure the area to make sure it will fit.


While most of us tend to go over-the-top when it comes to purchasing a home, the price of those fancy features or location usually bring us back to earth. You know what you like, what you can live with and what are absolute deal breakers.  Your instincts will usually guide you in the right direction. If a floor plan, style and location just “feels right,” it probably is. But, use your common sense or consult an expert if you’re not sure about making a final decision.


Whether you live in Brandon MB, Virden MB or you're searching for acreages in these surrounding areas, the search can be strenuous and time consuming.  You can call on me to be your trusted go to REALTOR®, with insight on all new listings and recent home sales, within our local real estate market.

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The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.