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.

6 Tips for a Successful Curb Makeover - Our Guide


Are you thinking about selling your home? Before you put it on the market, you may want to upgrade it a little bit to attract more prospective buyers. Apart from focusing on the interior design, make sure to direct your efforts to the exterior elements of the property.


When people buy or sell commercial property, curb appeal can be a determining factor. If people appreciate what they see on the outside, they are more likely to look inside. Check out these six simple and inexpensive tips that will improve your curb appeal, attract potential buyers, and receive more money for your property:

Tip #1: Repaint It

The sun, rain, and other elements can quickly deteriorate the exterior of your home. Giving it a fresh coat of paint is the best way to bring life back into it.


It's vital to choose a paint colour that complements the design and appeals to a broad range of potential purchasers. Aside from the walls, you should also paint the front door, shutters and trim, and the porch.

Tip #2: Install New Hardware

When it comes to a buyer's first impression of homes for sale, small details matter a lot. These will make your house stand out against the competition.


To improve its beauty and value, consider replacing or refinishing your hardware, like the doorknobs and handles, house number, and mailbox. Doing this will go a long way toward boosting your curb appeal if it complements your home's decor.

Tip #3: Do Some Landscaping

A lush, green, and well-kept yard, as well as adequately arranged and trimmed garden beds, may make a big difference that is never overlooked. Aside from mowing the lawn and watering some flowers, you also have to prune plants, remove weeds, put fresh mulch, and other decorative but necessary things.

Tip #4: Add Outdoor Lighting

As the sun sets, you may use landscape lighting to emphasize prominent elements of your yard, such as plant beds, paths, and seating spaces. There are many options, from classic lanterns to the more modern spotlighting.


Nonetheless, when choosing which one to install, go for the ones that will match your house's finishes. Also, make sure that your lighting selections are as warm and energy-efficient as possible.

Tip #5: Maintain the Pavings

Of course, you wouldn't want to forget the driveways and pathways. Yes, paving projects may be expensive, but there are ways to repair and upgrade them without costing much. For example, deep cleaning with a pressure washer may make it appear brand new. You can also kill the weeds and fill in the cracks around your driveway and walkway.

Tip #6: Complete with Accessories

Small touches may help potential buyers see themselves in the room and make your home feel more welcome. Welcome mats, potted plants, door wreaths, and porch chairs are all valuable additions that may improve your curb appeal.

Conclusion

Improving your curb appeal is a marketing tool. It gives first impressions and sets expectations. If a prospective buyer likes what they see on the exterior, they are more likely to check inside. More importantly, enhancing a home's curb appeal will increase its value and speed up its sale. That said, make sure to keep this guide in mind!


If you want to explore residential and commercial real estate in Manitoba, Chris Low Realtor can present you with several options that will successfully meet all your needs. Aside from buying and selling properties, we also offer home appraisals, evaluation, and other necessary services. Reach out to learn more!

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