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Make Your Real Estate Dreams Come True!

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!

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September 2018 Market Update

Reused by permission of the Real Estate News

http://winnipegrealestatenews.com/Resources/PressRelease?fileID=500

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.”

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Get a jump on the 2018 housing market!

http://www.winnipegrealtors.ca/Resources/Article/?sysid=3209

Reused by permission of the Real Estate News

Get a jump on housing market to find a hidden gem
Jan 19, 2018

by Todd Lewys

It’s a saying most everyone is familiar with: strike while the iron’s hot.

Now is the time to strike if you’re looking for a new home, said 2018 WinnipegREALTORS® president Chris Dudeck.

“With over 3,000 MLS® listings (3,037, to be exact), there’s definitely an opportunity for home buyers,” he said. “There’s a real opportunity to get a jump on the market and find a hidden gem.”

But that window of opportunity is a relatively short one, the asssociation president added.

“The spring real estate market usually starts to heat up around mid- to late-February, so now is the time to start looking.”

Why is that?

“By starting early, you’ll deal with way less competition,” said Dudeck. “With a lesser number of buyers looking, you can go through homes without feeling pressured, and perhaps find the home that’s right for you at a great price.”

It’s important to note that the key to finding the right home lies in enlisting the services of a knowledgeable REALTOR®.

“Sometimes buyers don’t know what they don’t know (and) that’s why it’s so important to find a Realtor who will guide you through the market.

A Realtor can not only help you explore the opportunities that are out there, but help you identify the one that suits you best,” added Dudeck.

Make no mistake about it, there are bona fide opportunities out there in the housing market.

With selection at a high level, buyers can find the home that best suits their needs and budget, whether it be a condo, duplex, townhome, detached single-family home or even a mobile home.

Sales numbers through the first two weeks of January have been solid, noted Dudeck.

“They’re actually up about 10 per cent over last year, with new listings up by around 10 per cent, as well. There’s great value to be found in all kinds of properties.”

That’s why it’s important to make a move now if you’re serious about finding a home.

At the same time, it’s important to keep an open mind about where you want to buy.

“A lot of people get focused in on a particular area that they want to live in,” said Dudeck.

“While that’s understandable, I think it’s important for buyers to realize that there are good homes in all kinds of neighbourhoods across the city.”

Again, it’s critical to rely on a Realtor’s expertise in this instance.

“A Realtor will guide you to explore different neighbourhoods — ones that are nearby the one you want to live in, even ones a bit further out,” said Dudeck.

“You can’t afford to lose sight of the quality homes that exist in other areas.”

In other words, buyers, if they don’t mind buying a bit further out, can find a home that provides them with more bang for their buck in the form of more space, amenities and, in many cases, a smaller mortgage, which is important in the new era of the mortgage stress test.

At the same time, buyers, particularly first-time buyers, can also move up in the world.

“By getting into the marketplace, you’re no longer paying rent. Instead, you’re gaining equity and appreciation.

“And by purchasing a home, whether it be a detached single-family home, side-by-side, townhome or condo, you stand to capitalize on the market increase over the next five years or so,” added Dudeck.

What’s the bottom line here?

If you’re in the market for a home, take advantage of market conditions that are about as close to ideal as they’re going to get.

“There’s a bit of a window — about a month or so — before the real estate market starts to heat up,” emphasized Dudeck.

“If you’re looking for a home, find a good Realtor, and don’t be afraid to explore other neighbourhoods and different property types.

“As I said earlier, now is a great opportunity to get a jump on the market and find a hidden gem.”

Association past-president Blair Sonnichsen said that there are many affordable housing options available that Realtors are able to indicate to buyers.

In 2017, Sonnichsen said that, with the help of Realtors, it had “become apparent … that buyers were making adjustments within certain propery types to attain their dream of acquiring a place to call home.”

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Stay warm and safe this winter

 

 

 

 

 

Space heaters are not a permanent solution for heating your home, but sometimes they are nice to use to add some warmth and comfort on cold winter days. Here are some tips to stay safe and avoid potential shock or fire:

  • Make sure the space heater is suitable for where you intend to use it.
  • Place the space heater where it won’t be near any flammable materials.
  • Check for a model with a tip-over switch that turns off the heater if it is knocked over.
  • NEVER USE AN EXTENSION CORD. Always plug your space heater directly into an outlet.
  • Never leave children unsupervised in rooms where a space heater is running.

For more safety information check our the December 2017 issue of Energy Matters from Manitoba Hydro  https://www.hydro.mb.ca/your_home/heating_and_cooling/index.shtml#

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What Buyers Want

What Buyers Want!
Christine Rae, CSPM

What buyers want

Even though there are oodles of TV shows illustrating what buyers expect today for their money, many sellers and real estate agents are reluctant to embrace the advice of knowledgeable staging professionals. Curb appeal starts on the internet today. According to the National Association of Realtors at least 88% of buyers use the internet to search for property and a whopping 94% of millennials! What that means folks is that you must have GREAT photographs, and have them professionally done to capturethe interest of buyers or they will move on before ever stepping foot in the door. The trend for move in ready, turn key property is driven by three demographics: women, millennials and baby boomers. Paying attention to these key features can make a huge difference in selling property and securing the equity.

Half of all property buyers are under 36 yrs. old. Meaning a new generation, the Millennials are shaping the future of real estate. They leapfrog the traditional “starter home” and jump right into the higher end market by choosing larger properties with higher prices. They believe in the power of a home as a financial investment just as much as older generations do.They are also putting every cent to the purchase price of property, &they don’t have extra cash to start making renovations. Retiring boomers are also looking for turnkey properties because they want to enjoy life more than retile bathrooms!

Buyers today are not as handy as people were in past generations. They don’t see a “fixer upper” as an opportunity, they see it as a money drain and time suck. In fact, seven out of ten buyers want turn-key, move in ready so much, that they are willing to pay more money for it!

Updated: Bathrooms, Kitchens, Fixture’s and Appliances
Buyers want well-designed, eat in kitchens with plenty of organized storage. Ideally a pantry rather than endless cupboards. If there are cupboards they prefer drawers’ vs shelves. For bathrooms, the “must have” look has clean lines, with a walk-in shower and as little grout as possible. They no longer thrill to see a jetted tub, they want free standing (easier to replace if they ever want to do an update. Easy care flooring and quartz counters in both locations.

Popcorn Ceilings!
They are everywhere, but no one likes them; while few people are prepared to do the work to remove it, it can play a role in the final selling price. If the property is over $500,000 the ceilings are best smooth.

Office Space, High Speed Connectivity
More than 13 million people work from home and all signs point to this trend increasing. Technology increasingly makes us more mobile and efficient young buyers often have the option of working at home. Even though laptops, tablets and phones make work life simpler, having a dedicated space is important as it helps keep you organized, focussed and concentrating on work while at home perhaps on a Skype call, planning a presentation or simply paying bills. Homes are rapidly becoming sanctuaries, so the office space should NOT be the first room you see upon entering the property…always reminding them of work.

Technology/connectivity doesn’t just mean high speed internet anymore. A good mobile signal, wireless router means access for entertainment, information, home security, nanny cam for baby and pets and of course banking.

Open plan, good flow and use of space.
Younger buyers are more attracted to an open plan, rather than a compartmentalized layout. This has a lot to do with how they entertain. Smart layout also means plenty of outlets and located where you use items like hairdryers, shavers.

Women
Women make the majority of renovation decisions, less than 44% are interested in DIY. 50% of women say they want more green choices. 37% are more likely to pay attention to brands committed to environmental causes, 25% of all products in their shopping carts are environmentally friendly. Younger buyers are also environmentally conscious so energy efficiencies affect their life after purchase of property. These simple things can transfer buyer loyalty.

The 55-75 yr. old boomer female has seen her role change from homemaker to purchaser of security, convenience and luxury. 2017 is the year women control two thirds of all consumer wealth and they are beneficiaries of the largest transference of wealth in history. Estimates range between $12 to $40 TRLLION. Many boomer women will experience a double inheritance windfall from both parents and husband; they make 95% of all purchasing decisions for the household. Men state it makes life easier if the woman is happy. Women’s lives are fast and full. Most work outside the home so with jobs, commuting, running errands, chauffeuring kids, tracking everyone’s stuff it isn’t surprising that women want organized storage. Open plans are fabulous but typically rob storage space because few interior walls. Great, spacious and functional closets are a high priority.

Laundry Rooms:
Are becoming coveted spaces. Filled with cupboards for organization and Energy star rated appliances these rooms need counter space, utility sink and they don’t want to see the laundry when they come in..it’s like coming home to a second job. Trouping down to the basement is a huge turn off so best locate in a closet near the bedrooms or off the kitchen is best.

Lots of natural light, well done skylights and expansive doors to bring the outdoors in. Reality TV shows have also shown how important having excellent storage spaces in the garage too. Dedicated spaces for tools, outdoor equipment and other odds/ends helps also leave room for cars! One in four people have so much stuff in the garage they can’t park a car.

Everyone agrees once you have heated floors you never go back. Bathrooms are a perfect place to start, hallways, kitchens are good seconds. The bottom line is this: when we talk trends, we are not talking most popular color; demographics are changing the way business in general is being done and real estate in particular. Not paying attention, working with stagers who are not “on trend” with what buyers want can seriously jeopardize the sale of property.

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