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.

5 Essential Things to Consider When Choosing a Place to Live


The thought of relocating to a new place in a new house can be an overwhelming prospect, even when the move is entirely voluntary. Whether you’re looking for a better job, lower cost of living, better educational opportunities, or you just want a fresh start, moving to a new place can be both a blessing and a burden.


Choosing where to move is perhaps the biggest decision you have to make as it will ultimately influence all aspects of your life. How exactly does one know where to move to or find the perfect place to live? Well, before you shop around for houses or look for a real estate agent, you better read this guide, so you can decide where you should live.

Find Out What Is Most Important to You

The first thing to do when deciding where to move is to assess your lifestyle and determine your needs and wants. You need to be able to list down what is a must when it comes to a home and what is desirable but nonessential.


Do you want to experience the hustle and bustle of the big city, or do you prefer a small town in a rural area? These are just some of a few examples of questions you should ask yourself when looking for a place to move to.

Factors to Consider When Choosing Where to Move

The decision where to live should be approached with a lot of care and consideration. From job prospects to the cost of living, every detail matters. Here are some things you should consider:

  • Professional Opportunities - anything that has to do with your career will be one of the most significant deciding factors in choosing where to move to. Sometimes, it’s the very reason why you even considered moving in the first place. Make sure you have a good job opportunity waiting for you in whatever place you decide to live in.
  • Affordability - Now, a good job doesn’t guarantee that you’ll have a good life as well. No matter how good your job is or how big you’re earning from it, if the cost of living is too high, then it might not be the best for you. Consider the cost of living, the prices of homes for sale, and the kind of taxes you’ll be paying for in the next couple of years.
  • Climate - Your mood, disposition, and your overall outlook in life can sometimes be affected by the climate or the weather conditions of the place you live in. Do you like the cold winters and short summers of the North, or maybe you like the hot summers and rainy winters in the southern part of the country?
  • Culture and Lifestyle - Every city, every town has its own cultural scene and different places that offer social opportunities. Consider your hobbies, interests, and desires and determine if the city you’re planning to live in is the right match for you.
  • Transportation - Commuting is also a big factor to consider as it ultimately affects your cost of living and the time you spend travelling on a daily basis. If this is a big deal for you, you should focus on looking for places with good public transportation systems.

Conclusion

Those are just a few of the many considerations you need to think about when looking for a place to live in. Having seen all the relevant factors, you only have one thing left to decide on, and that’s where you would actually like to settle down and spend the next couple of years of your life.


If you’re looking for the perfect home for yourself or your family, it’s best to work with a real estate agent you can trust. Chris Low is an experienced real estate agent offering services that go above and beyond your expectations. Find the perfect property for sale in Manitoba with the help of Chris Low, REALTOR®.

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