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.

Finding the Right Real Estate Agent: What You Need to Know


At this point of your life, you’re probably familiar with the fact that buying or selling a home is one of the most noteworthy experiences in your life—not just because of how much of a milestone it is, but also because of how difficult it can be.


Regardless if you’re looking to purchase a new property with multiple bedrooms and bathrooms or letting go of your single-room apartment for something better, dealing with a property transaction is nothing short of momentous. Considering that any kind of real estate transaction will prove to be one of the most significant financial decisions of your life, it’s essential to ensure that you have the smoothest experience possible from start to finish.


This is where the best real estate agent in your area comes in.

Why Does It Matter to Find the Right Real Estate Agent?

Nowadays, homeowners hoping to sell or homebuyers looking to purchase property are urged to enlist an experienced real estate agent’s services.


Currently, Canada’s market for real estate agents is expansive, thanks to the property market becoming more lucrative than ever. Although there’s no doubt that having more real estate agents is a great thing when it comes to dealing with the home buying or selling process, it also makes it much harder to find the right professional to work with.


Considering that the right professional can help you save a fortune, spare you from all sorts of unnecessary stress, and find you the best home for your needs, it’s easy to see why most professionals have emphasized doing so. Over the years, in fact, industry experts have urged buyers and sellers alike to look closely into how they filter their options because of how much of a difference it makes!

Points to Consider

When it comes to guaranteeing your chances of finding the best real estate agent for your property transaction, doing something as simple as keeping the right tips in mind can make a difference. If you’re looking to buy or sell a home for the best price, here are some valuable points to consider:

Above All Else, Look for Experience

The one thing anyone needs to know about finding the right kind of agent to work with is that experience is a defining factor that sets great professionals apart from "alright" ones.

You see, real estate knowledge maintains its worth and significance even as the years go by—a clear reason an agent with years of experience is a good choice for your upcoming transaction. If you find a professional—such as Chris Low—that has been in the industry for quite some time, it’s almost always a good sign that they’re capable of working out the best deal possible.

Reviews Are Your Best Friend

One of the most valuable reasons it’s much better to find a real estate agent to work with is that we live in the age of the internet—a time of innovation when knowledge is the most available it has ever been. It is now much easier to find reviews and references about the services you employ—real estate professionals included.


Nowadays, reviews and testimonials on all sorts of websites make it easier to learn more about anything and anyone with a few clicks and presses. You can ease up your fielding process by putting a potential agent’s name into the search bar and using the displayed reviews to get a better idea of whether they can meet your expectations or not! 

Conclusion

The process of handling a real estate transaction, among other things, is one of the most complicated experiences that anyone can ever go through—which is why it pays to have a capable agent by your side. Through this guide’s help, you can find the best professional for your property purchase-related needs right away! 

Consider me: Chris Low—an experienced real estate agent in Canada who is more than happy and dedicated to helping you buy and sell residential, commercial, or farm real estate in Brandon and Virden. Contact me to have a less time-consuming and more convenient home buying experience!

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