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Well here we are with another great month of real esate sales!  Now is a great time to consider selling your home. Also, more inventory is begninning to get onto the market making it a good time for buyers to consider a purchase. Winnipeg housing is still affordable compared to most major Canadian cities with an average price of $377,789 for a detached home. Please feel free to reach out to me so that I can provide you with all information necessary resulting in a smooth and successful home sale or purchase.
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There was a time not very long ago when condominium units would sit on the market for many days and months without a sale. The pandemic has changed the landscape considerably. With the increased demand for single family detached properties and lower inventory, home buyers are now reconsidering the benefits of condo living. Newer projects are now offering many amenities such functional and aesthetically-pleasing common outdoor and indoor spaces, well-laid out open and versative floorplans, indoor parking (Who wouldn't find that appealing living in Winnipeg?) and countless other full-service type options. The condo is definitely making a comeback with demand increasing and even multiple offers to purchase on many updated premium units. So whether considering a condo sale or purchase this may be a time to take action since home ownership and building equity can definitey be a benefit over spending your hard-earned dollars on rent each month.
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In this crazy sellers' market , it may seem like homes are selling themselves. However, if you don't consider using a professional real estate agent you may be leaving money on the table when selling your home. REALTORS® know the market and can price your home accurately in order to ensure maximum buyer exposure and garner the best possible price. The sale noted in this image occured in less that a day after listing this home! Case in point... well if homes are flying off the market like this how easy would it be to sell my own home? Here's where some background information is helpful. A thorough market evaluation was conducted and presented to my clients. Based on this information, my clients then determined the sales price that they would set to market their home. They were not looking forward to the multiplle home showings and having to vacate their home frequently with few places to go during pandemic restrictuons. I was able to locate a buyer for their home who was willing to pay their desired price as well as match their possession date requirements. For my clients this was truly a virtual hitting of the "EASY BUTTON" in the Staples Office Store commercials. They are now free to focus on all the details and planning of their next adventure. Working with an experienced professonal real estate agent makes a big difference in the results. Pricing a home correcty is KEY to a successful home sale. If a home is priced properly according to the current market this will help to guarantee that the most eligible buyers come through your home in the shortest amount of time. If a home is priced too high, it sits on the market. A home that sits becomes stale and generally sells for a lower price. IN the real estate world this type of property becomes known as a "dog". Often REALTORS® have connections to clients who are specifcally looking for the type of home you are trying to sell or want to purchase in your specific neighbourhood. in this case, as a real estate agent I can link you directly to these buyers enabling you to get your desired price without the work of preparing your home for sale and managing multiple home showings. I can also be a valuable resources as you prepare your home for sale with tips and ideas about how to show your home in the best possible way - both inside and out. I recognize that a home is usually our biggest asset and I take the responsibilty of helping somone buy or sell a home very seriously. As an expert I can help navigate the mulitple steps that need to be taken in order for you to be a successful and satisfied home buyer or seller. My motto is "home advantage service" and I truly do all in my power to provide you with this as I strive to go above and beyond the standard duties and responsiblliites of a real estate agent. 
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There's certainly no end to the options when it comes to home renovation projects. Which project should you tackle this year? Well, the federal government announcement may help in your decision. Could you use financial help to make your home more energy effecient? Perhaps new windows, doors or even solar panels installation is something you've been considering to keep you warmer this winter while reducing energy bills and contributing to a greener planet. The response to this incentive program has been overwhelming so expect delays when contacting the government department with questions. The program will be around for awhile so perhaps delaying this renovation may be the option for you? There is a cost for an energy evaluation prior to moving forward and some specific guidelines that have to be followed in terms of details of the covered expenses. So depending on the home upgrades you have in mind you may wish to see if you qualify for the federal rebates.  

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Record sales in the Winnipeg region in the month of April. A great time to consider selling your home. Low inventory and low interest rates are driving house prices upward. It's especialy important to work with a professional realtor to help you navigate the buying and selling process in this active market.
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Recent home projects have served as reminders of the importance of obtaining references for tradespeople (if a larger project I would suggested a minimun of 3). Also ensure you ask for a quote, an outline of work to be done and a projected schedule for job completion.  Trade estimates can vary wildly sometimes even in the 1000s of dollars! When you do the preliminary screening, asking questions and seeking referrals you are more likely to have success with your home projects. Happy Renovations!
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I wish I had this information when I had purchased past properties or when I was refinancing my mortgage. There will be a wealth of helpful resources shared in these 2 sessions. 


Only 1 more day to register for March 17th  7 p.m. FREE Mortgage Information Session on Eventbrite. What better way to celebrate St. Patrick's Day by picking up a few golden nuggets of treasured information to add to your pot of gold. Great event for anyone interested in refinancing a mortgage or considering a home purchase. 


There will also be an information session on March 24th led by a Winnipeg Real Estate Attorney. This session will be a great resource for both buyers and sellers. You can register for both events by clicking on the following Eventbrite link.



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I am pleased to host this FREE 2 part information session for home buyers and sellers or anyone who is interested in gathering information for a future real estate transaction. Thank you to Jeff Sparrow - Managing Broker at Castle Mortgage and Michele Madick real estate attorney from Michele Madick Law Corps. We look forward to gaining valuable insights and tips for a smooth and successful future home purchase or sale. These 1 hr.  sessions will be presentation format with Q & A  to follow. Please join us Wednesdays at 7 pm  March 17th and 24th

To register please click on the following Eventbrite link      https://www.eventbrite.ca/e/144684967633


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With numerous personal moves, a couple of major home renovations and preparing homes for sale, I have gained invaluable skills in planning, organizing, packing, moving and relocation just to name a few. One area in which I have particular interest and success is in the staging of a home. My spouse is an architect with specific focus on art and design. As a former teacher, I have always had an interest in art and although not professionally trained, was referred to as the unofficial "resident art instructor" at the elementary schools where I taught. My husband and I had to unexpectedly relocate from Chicago, Illinois to Winnipeg, MB. We had been living in our home for only 11 months and therefore, had not done any renovations or upgrades. We still had some college furnishings and the master bedroom did not even have furniture. My husband and I were sleeping on a mattress on the floor while we hopefully tried to save some money for new furniture in the near future. Being fairly recent college graduates and sinking our funds into our dream home we did not have a lot left over for extras. So on a shoestring budget of $500 we went to work to decorate and stage our home. A little paint, a few key items and a whole lot of creativity resulted in an appealing, tasteful and universally desirable looking home. The first potential purchasers through the home loved it and it sold in under a week! Subsequent renovations and home staging experiences resulted in the same results. We are now putting our knowledge and expertise to work for others. We provide guidance and advice to home sellers who are following the direction and/or having us personally prepare their homes for sale by assisting in the staging resulting in their homes selling with mulitple offers in under a week! A recent home sold with an offer of 40k over list price!  I LOVE helping people and seeing the look on the homeowner's face when they see the final results. The risk is to do the job so well that the home seller falls in love with their "new staged home" and thinks twice about selling. Wink   

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It's always good to keep up with information that benefits my buyers. Today I thought I would post the self-service process changes that the City of Winnipeg made back in 2018. A reminder to new homeowners that being informed can save you $$$. 


SPECIAL ALERT


Re: Education Property Tax Credit (EPTC) Self-Declaration Form

The City of Winnipeg has recently changed their administration process with respect to the provincial Education Property Tax Credit.  In previous years, this credit was automatically “transferred” to the new purchaser(s) of the property as long as their mailing address was the same as the property address.  Basically, the City of Winnipeg assumed that it was the purchaser(s) principal residence and automatically applied the credit on the tax bill for the future tax years.

As of December 27, 2018, we have noted that the City of Winnipeg has posted on its website that its administration process has changed requiring all purchasers to complete and return a Self-Declaration form to the City of Winnipeg in order to have the credit added to the property tax statement.  In order to apply to have the credit added to your property tax bill, you need to complete and return the form to the City of Winnipeg, Assessment and Taxation Department by March 15th.  

In order to qualify for the Education Property Tax Credit Advance on your property tax bill:

  1. The property must be your principal residence.
  2. The property must be assessed as a single residential dwelling.
  3. The homeowner cannot be receiving the credit on another home elsewhere in the Province.

If you do not receive the Education Property Tax Credit on your property tax bill and you are eligible for the credit, you can claim the tax credit on your income tax return.


If you have any questions with respect to the Education Property Tax Credit, please contact the City of Winnipeg Assessment and Taxation Department by telephone at 311 or email at 311@winnipeg.ca.

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The phrase "unprecedented times" has become common place but also the best way to describe this new normal in which we now find ourselves.I have a glass head on my entry table affectionately named "Ursula". Ursula serves as our family mascot. My spouse likes to have Ursula hold his sun glasses for him, she has donned Santa Hsts and sported ball caps. In the midst of the Covid-19 lockdown I felt it only appropriate to have her wear my I-95 mask. Over the past few months my spouse worked from home and I was home on a leave from real estate. Spending so much time at home made me fully realize how much I LOVE where I live. Home represented more than just four walls and a roof it was indeed a peaceful refuge from the storms of life. A place to unwind, relax and rejuvenate in both mind, body and spirit. My husband is now back at work and I am now back to real estate with an increased appreciation and understanding of the significance of home and the importance of the unique fit of personal space to taste, lifestyle and culture. I have come out of this experience with the desire to help others find their own unique and perfect place. Perhaps these past months have caused you to realize that you need a change of scenery, a smaller home, a bigger home, a patio, a finished basement or bigger yard ....Whether it's buying or selling it would be my pleasure to help you make that sale or find that perfect fit.

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What to expect once your home is on the market

By Todd Lewys

So, you’re thinking of putting your home up for sale on the MLS® market.

And naturally – having never done it before – you’re wondering what you might be getting yourself into by putting a For Sale sign on your front lawn.

In short, you’re in for a roller coaster of an experience.

That’s because selling a home is no simple task.

Essentially, the process consists of four parts: preparing the home, showing the home, reacting to the feedback provided by prospective buyers and – if necessary – using that feedback to come up with a new sales strategy that will help sell the home as soon as possible.


1) Preparing the home

Simply put, this isn’t a spontaneous process. Preparation must start a month or two before the FOR SALE sign goes up. That means enlisting the services of a professional REALTOR®, setting a realistic selling price – and physically preparing the home for sale. That will involve cleaning, repairs and possibly performing some renovations. Ideally, any issues inside or outside the home need to be dealt with prior to listing the home. The idea is to have the home in tip-top shape to minimize any issues that might cause homebuyers to strike your home off their top prospect list.


2) Showing the home

This is where things can get complicated – and emotionally challenging. Once your home is officially on the MLS® market, it’s available to be shown at any time. Consequently, the home must be kept clean and tidy 24/7. Moreover, there will likely be a lockbox on your door. Showings can often happen at the drop of a hat, so you’ll be required to vacate the premises quickly – usually after doing quick touch-up jobs to make things presentable. In a nutshell, life as you’ve known it will cease for as long as your home is on the market.


3) Reacting to buyers’ feedback

Seeing as most homes take anywhere between 30 to 90 days to sell, feedback on the home will trickle in gradually. Initially, there will be a good deal of activity (showings) for three weeks. If the home hasn’t sold in six weeks, it’s time to take stock of where you’re at. Doing that requires asking some tough questions. Is the home’s listing price set at the right price point? Do improvements need to be made to the home in a certain area (or areas) to make it more attractive?


4) Creating a new sales strategy

This can be tough to do, as this requires objectivity. This is where it’s critically important to rely on your REALTOR®’s advice. If they suggest lowering the price, do it. If they tell you to de-clutter, paint a room or make a repair, follow their advice. They have your best interests at heart and, like you, want to get the home sold ASAP. There’s no room for sentimentality when it comes to selling a home. You’re in a highly competitive market and must do what needs to be done to sell it.



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