May all your dreams and aspiration in 2020 come true.
News and Updates
Even though we’ve had a reprieve from colder temperatures, winter is still on the way, and you still have time to winterize your home.
Here are 5 easy ways to winterize and protect your investment:
- Seal up leaks in doors and windows with weather-stripping and/or caulk.
- Don’t heat an empty house! Invest in a programmable thermostat.
- Have your insulation checked to see if any needs to be added.
- Schedule a furnace and water heater tune-up. Remember to change furnace filters and consider insulating your water heater and exposed hot water pipes.
- Clean gutters and turn off the water to outside spigots. Drain the lines and check for pipes in unheated spaces to prevent frozen or broken pipes.
REDEFINING SERVICE IN REAL ESTATE
Selling a home in today’s market can be challenging. I understand that. While the market can be challenging, hundreds of homes are sold each week in Winnipeg. What’s the difference between selling your home or failing to do so? The Details! Whether it’s my proven sales approach, effective marketing campaigns, or utilizing my extensive network, no detail is overlooked. I pride myself in the use of technology and innovation to maximize the exposure of your home.
When I say I am “redefining service in real estate,” I mean it! My clients come first. I will educate you on what needs to be done to have a successful sale of your home. There are many components to a successful real estate transaction, You can count on me to be there every step of the process and make sure no detail is overlooked. With a proven track record, the right skill set, and years of experience, I have the right tools to successfully sell your home. If you’re serious about selling your home, I am serious about getting the job done!
Reused by permission of the Real Estate News
September Sales Drop 12%
WINNIPEG – September sales of 1,046 were disappointing as they fell 12% in comparison to September 2017 and were off 9% from September’s 5-year average of 1,156 sales. On the other hand, new listings were up 6% and inventory of 5,134 listings grew by 11% over the same time last year.
Year-to-date sales activity shows sales of 10,264 are down 7% over the same period in 2017 while dollar volume has decreased 5% to $3.0 billion. Listings entered on the MLS® at the end of September are 19,771, up less than 2% from 2017.
If you look back before 2016 and 2017, the best years ever on record where sales after nine months were right around 11,000, year-to-date sales are very much in line with 2015 and 2014 and much closer to 2013 in total sales.
“Winnipeg’s resilient market is being tested this year in light of newly tightened federal mortgage regulations and it is preventing a number of prospective buyers from entering our market,” said Chris Dudeck, president of WinnipegREALTORS®. He added, “ The lack of new entrants to a housing market compounds matters further as the cascade effect of more sales occurring further up the real estate ladder is muted due to sellers unable to move on with their plans to buy a home if theirs does not sell.”
We also need to keep things in perspective how Winnipeg and the outlying metropolitan region housing market is performing relative to many other housing markets across the country. At a Canadian Real Estate Association national conference held this month, delegates were told 50 local markets are down more than 10% and 75 out of 101 markets are experiencing declining sales activity in comparison to year-to-date sales in 2017.
“As always, both buyers and sellers need to consult with their REALTOR to develop a strategy to navigate our current market conditions,” said Dudeck.
In September there were 5 million dollar plus single family home sales with one selling for $2 million. The lowest sales price was $44,500. For condominiums, one unit sold for close to $1 million at $964, 950 while the lowest one went for $66,500.
The average days to sell a residential-detached or single family home was 32 days while for condominiums it was a week longer at 39 days.
A real positive for the Manitoba economy going into the last three months of the year is the recently signed United States-Mexico-Canada Agreement. It should bring more certainty and economic stability to what was concerning for many Manitoba businesses which rely on exporting their goods and products south of the border.
One of the most important components you need to take into account when selling a home is strategy”, said Marina R. James, CEO of WinnipegREALTORS®. “Your REALTOR® knows strategy and will help you navigate through complex issues from start to finish.”
Wishing you and yours a Happy Thanksgiving! Clara Mitchell Enns is grateful for all of her clients past, present and future. When you have Real Estate needs, or know of someone else who does, Clara would be honored if you would give her the first chance to be of assistance.
Selling your home is not only a big decision financially, but also emotionally. Your home is no longer the bricks, drywall, and hardwood floors you fell in love with when you bought it. You have tackled some of life’s many milestones and made memories inside the house you now call a home. Whether you have simply grown out of the house, are choosing to downsize, or you’re looking for a new location, there are many factors that may influence your decision to sell your house.
Check your Finances: Do some research to determine the payoff amount of your loan so you can determine what your sales proceeds will be after you have paid off your loans, closing costs, and REALTOR’s commissions. The closer you are to the end of your mortgage term, the less additional expenses you will incur.
Do Some Comparisons: Doing your homework is always important! Do some research on the current condition of the real estate market, and look into some comparable properties who have recently sold in your neighbourhood. You may want to consider selling when it is a seller’s market.
Is your Home Ready to Sell?
We have all heard the many ways you can improve your home to get the biggest return on your investment when selling. While you may not want to make any major improvements, it’s important to ask yourself if your home is in its best condition to sell. At the very least, you need to ensure you have the time to give your home a good deep-clean and de-clutter to ensure it is prepared for showings when the time comes. Take into consideration the length of time it will take to do this to determine a time frame for when you can realistically list your home.
Four Questions to Ask Yourself:
Take a second to think about your answer to these four very important questions. If you’re happy with your answers, you may be ready to sell and if not, it may be worth it to continue weighing the pros and cons of your decision to sell or speak further with a Real Estate Agent to get their opinion.
- After selling this home, where will you move?
- Are you still emotionally attached to your current home?
- Are you financially ready?
- Are you willing to make changes to paint colours, or upgrades to the home?
When is the Best Time to Sell a House?
Most real estate professionals will tell you that the best time to sell would be the spring, followed by the fall. Spring is desirable for many sellers as it is a great time to showcase your homes best features and many buyers want the transaction to be completed before the summer months. It’s important to remember that since it is the busiest time of the year, you will face more competition, increasing the importance of making sure your home shows at its best.
At the end of the day, the best time to sell is when you’re ready. Call today with your questions and to schedule a free home evaluation.