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 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 Elkhorn.
R33//Elkhorn/Beautiful 2013 home offers scenic prairie views through large, well-placed windows on both levels. Layout is fantastic! Welcome your guests into the formal entrance, c/w double coat closets. Enjoy open concept living area, it's huge! Kitchen is stunning & features plenty of cabinets, pantry, large eat-up island & stainless steel appliances are incl. Cathedral ceilings add to living rooms' spacious feel. Roomy master bdrm features walk-in closet & 4pc ensuite c/w jacuzzi tub & custom tiled shower. 2 more bdrms & 4pc bath complete main floor. Downstairs, plenty of storage, 2 more bdrms & plumbed-in bath waiting completion. Giant rec room, with 9' ceilings, perfect for family fun. Lots of room for movie/games room & pool table too! Walkout basement is bright & sunny; French doors lead from rec rm to outdoor patio area; waiting for your final touch! 13 acre parcel is made private by mature trees with more planted. Located couple miles from Elkhorn & TC Hwy; central to oilfield activity, mining & farming. (id:2493)
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I have listed a new property at Elkhorn.
R33//Elkhorn/Beautiful 2013 home offers scenic prairie views through large, well-placed windows on both levels. Layout is fantastic! Welcome your guests into the formal entrance, c/w double coat closets. Enjoy open concept living area, it's huge! Kitchen is stunning & features plenty of cabinets, pantry, large eat-up island & stainless steel appliances are incl. Cathedral ceilings add to living rooms' spacious feel. Roomy master bdrm features walk-in closet & 4pc ensuite c/w jacuzzi tub & custom tiled shower. 2 more bdrms & 4pc bath complete main floor. Downstairs, plenty of storage, 2 more bdrms & plumbed-in bath waiting completion. Giant rec room, with 9' ceilings, perfect for family fun. Lots of room for movie/games room & pool table too! Walkout basement is bright & sunny; French doors lead from rec rm to outdoor patio area; waiting for your final touch! 13 acre parcel is made private by mature trees with more planted. Located couple miles from Elkhorn & TC Hwy; central to oilfield activity, mining & farming. (id:2493)
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I have listed a new property at 503 Foxford Avenue in Elkhorn.
R33//Elkhorn/A quiet, peaceful double lot frames the setting for this like new modular home. The home is set on a double lot back from the street and surrounded by mature trees, sure to charm, making it a nice place to relax and entertain. The open concept design features a cathedral ceiling and skylight. Three good sized bedrooms and two full baths compliment the large living space and modern kitchen setting. The central location can't be beat. Call your REALTOR today! (id:2493)
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