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 205 Elm Drive in Oak Lake Beach.
R33//Oak Lake Beach/Lake Life is the Best Life....Furnished 2 bedroom year round cabin on ""2"" owned lots. Laminate flooring, modern stainless Steel fridge & stove, with split log siding inside and out. Bring RV's & set up camp on the second lot, or living in current cabin, build your dream cabin & have a guest house...possibilities are endless on a double owned lot. New well & septic, and trees already cleared on second lot (id:2493)
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I have listed a new property at 23 Chokecherry Crescent in Oak Lake Beach.
R33//Oak Lake Beach/VACANT LOT FOR SALE! Here is your chance to start with a clean slate and build the cabin of your dreams! Situated on private/quiet Chokecherry Crescent, this lot backs onto the number 10 tee box of the gorgeous Oak Island Golf Course! (id:2493)
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I have listed a new property at 201 Elm Drive in Oak Lake Beach.
R33//Oak Lake Beach/The affordable Oak Lake Beach cabin you have been waiting for! Move right into this cozy cottage which boasts vaulted ceilings, open concept living and dining and a full main floor bath. You'll be pleased to find a large primary bedroom as well as a loft space for the kids. The oversized wrap-around deck is perfect for family and friends to gather and enjoy. Hard wired unlimited high-speed fibre optic internet is installed and this corner lot property is located close to the store, 18 hole golf and all the lake offers! (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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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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I have listed a new property at 103 Greenwing Street in Oak Lake Beach.
R33//Oak Lake Beach/Peace, tranquility, and lake views await you and your family with this gorgeous Cherry Point property. This home offers you a stress free lifestyle that your family and guests will fall in love with. The amazing landscaping surrounding the property accentuates the setting for this gorgeous home with which all the fine details were set out prior to construction. You'll find all boxes checked from imported "gun stock" hand crafted hickory hard wood throughout the main floor to the impressive chef style kitchen and incredible over sized master bedroom. This home also boasts infloor heat, a media/rec room with wet bar and a large double attached garage. Plenty of water from a good well supply this master piece of a home which is located close to an 18 hole professional golf course and great fishing. Call your REALTOR today! (id:2493)
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I have listed a new property at 159 Government Road in Oak Lake Beach.
R33//Oak Lake Beach/Enjoy the peacefulness, and take in the glorious views, of this wonderful location all year round! This lake front bungalow was built in 1985, a significant renovation with additions was completed in 2006. The three bedroom home offers a large open-concept living area, roomy master with walk-in closet, updated bathroom, main floor laundry, and mudroom to attached insulated garage. The front yard faces west over the water, it is (mostly) fenced, nicely landscaped with perennial beds and mature trees, has an underground sprinkler system, double parking and a great shed. The location couldn t be better! This four season cottage is situated just a few homes south of the main beach and is close to the store, playground and golf course (on a school bus route that the highways dept plows first after a snowfall). Don t delay! These lots are hard to come by, call your Realtor today! (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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I have listed a new property at 326 Saskatoon Drive in Oak Lake Beach.
R33//Oak Lake Beach/This 2008 built, 3 bed, 3 bath home with fully finished basement has everything you need. You will notice the attention to detail in this beautifully treed and landscaped lot. This home comes with in-floor heat for the garage, the spacious landing as well as the basement. Inside you will be spoiled with a large master with ensuite, spacious bedrooms and a wonderful open concept kitchen, living and dining room. Enjoy the view from the deck facing one of Manitoba's premier 18 hole golf courses. The 19 ft well feeds water at a flow rate of 30+ gal/min and the installed R/O filtration system completes a worry free system supply of water. Call your REALTOR today to schedule a viewing. (id:2493)
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