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.

Renovations That Count: 3 Home Features to Improve On


Once you’ve decided to cash in your home’s potential value in the property market, it’s vital to make it consumer-ready for prospective buyers. So instead of simply giving your home a deep cleaning treatment, you need to revitalize its look by making certain key renovations. This is a process known as home staging.

Why Does My Home Need Home Staging?

Like any product in the market, each home needs to stand out and be very appealing to prospective buyers. Homeowners can showcase the different features that fit a particular buyer’s idea of a perfect home. Since the real estate market can be very competitive, it’s your responsibility as a house seller to know the strengths and weaknesses of your home. Doing so lets you identify key areas you can improve on through impactful renovations.


This article will share three home features you should consider for a faster and more profitable home sale.

1) Kitchen Countertops

Kitchen renovations will always lead to higher property values if you know how to invest in the right features. Besides upgrading your appliances, you should also consider the most appealing areas of kitchens: countertops. Kitchen countertops experience plenty of wear and tear over the course of your stay in a home. For this reason, it can be the most bruised and battered component of your kitchen.


Simply polishing it won’t remove long-term stains and marks that will be unappealing to prospective buyers. This is why brand-new countertop upgrades give an added level of functionality and aesthetic appeal to your home.

2) Flooring Options

Prospective home buyers want assurance that the property they’re buying is worth every dollar they put in the deal. This is why durability will play a vital role when weighing different options. What better way to reinforce your home’s durability by showcasing a fresh set of durable flooring?


Besides the utterly expensive hardwood flooring, there are many other affordable and appealing options that you can choose from. Anything from vinyl laminate to cement tiles can look and feel right in a room with the proper purpose. This is why your flooring choices must be purposeful to the use of a room. For example, tile renovations in bathrooms should prioritize functionality and safety against moisture and slippery surfaces. Similarly, outdoor pavements should be slip-resistant and naturally blend with your home’s structural motif.

3) Energy Efficiency

You can improve a home’s energy efficiency on different fronts, from optimizing your windows’ use of natural lighting to installing energy-saving HVAC systems. Whether you opt for a structural solution or technological upgrade, it’s essential to check with your building contractor to determine its feasibility.


Not all energy-saving options will be compatible with your property. Instead of making your home more appealing, these additions could feel more out of place than attractive. For this reason, it’s vital to get a second opinion from building experts before overhauling your home’s layout and major appliances.

Conclusion

Selling your home as-is for a quick and hassle-free profit can be very difficult, especially if you’re in a competitive housing market. So if you want to enhance your home’s chances of getting sold at the right price, you must make game-changing solutions to enhance its appeal. This is where hiring an efficient real estate agent can come in handy.


When you choose to work with a real estate agent, you want a business partner who can guide you through the process of selling your home in an honest and professional manner. If you need a capable real estate agent from Manitoba, contact me today at (204) 573-5699!

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