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.

Top 3 Benefits of Hiring a Commercial Real Estate Agent


You cannot afford to make mistakes when you want to either buy or sell commercial property. It can mean the difference between success and failure, especially if you are going about it without professional expertise. Fortunately, there are real estate professionals whom you can trust to help you with this ordeal. But how exactly can they make your property buying and selling experience better?


This article will discuss the top three benefits of hiring a commercial real estate agent. View this as an opportunity to ensure you make the best, investment-forward decisions to guarantee your commercial success through refinancing, acquiring facilities for your business’s operations, and the like. This way, you can become more profitable and easily meet return on investments.

1) Provides a Wide Range of Listings and Connections

You need connections and different assets to venture into the commercial world, and the real estate market is no different. While it may be possible to see various property listings online and try your hand at maximizing your current business connections, they will not come close to what a professional real estate agent can provide you. It’s primarily due to their expertise, deep relationships with clients, and continuing operations to scout the best properties.


As such, you need to find a professional commercial real estate agent in your area. It’s your easy access to the right deals, allowing you to be steps ahead of your competitors since you have the necessary assets to expand. For instance, if you want to purchase more office space, it’s faster and more efficient to have it done by an expert. As a result, you can expect more opportunities to grow and meet your clients’ expectations.

2) Saves You Time and Money

Time is money, and vice versa, especially when you have to buy or sell commercial property. It’s a hindrance to go through since you also have to meet your other tasks, affecting your decision-making and productivity. But if you work with a real estate agent, you don’t have to worry about it. All you need is to check in every once and a while for potential decisions you need to make, keeping your best interests and peace of mind in check.


One of the most time-saving and budget-friendly ways your real estate agent can offer you is acquiring the property you want to buy or the financial assets you are getting in exchange. It depends on whether you are buying or selling.


Normally, these processes take a long time, especially if you do it by yourself. Thankfully, your agent has already mastered them through their previous experiences, enabling you to enjoy greater value for your real estate investment.

3) Advises You with Real Estate Market Knowledge

Much of the triumph of your buying and selling venture comes from your comparative knowledge of similar properties or prospective buyers. Without the proper knowledge, connections, and tools, it’s impossible to even come close to what your real estate agent can do for you. They also have years of experience, ensuring they are well-versed in watching out for trends, government protocols, and other areas of concern. Fortunately, you will be in good hands and stay on top of everything, garnering you easy success!

Conclusion

Commercial real estate is a massive undertaking you shouldn’t underestimate. If done incorrectly, it can have long-term consequences on you and your assets. The good news is that there are real estate professionals ready who are more than willing to help you. Hire one today! 


Are you looking for the best real estate agent in Manitoba for your commercial needs? Get in touch with me, Chris Low. I can be a valuable resource for your real estate needs and preferences, letting you know what’s ideal for the current market and what you can expect from buyers and sellers. Check out my property listings and services for your convenience. 

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