July 2021 Real Estate Market Report
Condo Market Beginning to Rebound in Winnipeg
Benefits of Working With A Professional REALTOR®
Ottawa Announces $5000 Incentive for Home Energy Upgrades
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.
April 2021 Winnipeg Regional Real Estate Market Report
March 2021 National Real Estate Market Update
Pro Home Renovation Tips
FREE Info Session for Home Purchase or Mortgage Refinancing
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.
Pro Tips for Home Buyers and Sellers March 17th and 24th
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
Setting the Stage for Success
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.
City of Winnipeg Education Property Tax Credit
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 $$$.
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:
- The property must be your principal residence.
- The property must be assessed as a single residential dwelling.
- 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 email@example.com.
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.
Selling Your Home
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.
559 St. Mary's Road
Winnipeg, MB, CA