Sheri is here to help you with all your real tree advice because it is these little things that if you don't do can cause damage to your home or your tree!
Put down some plastic - save your floors in case it leaks!
Keep it watered - keep it alive, healthy looking and safe
Maybe add some sugar to the water
Should you sell your home during the holidays?
While many people avoid listing during the holidays it can be an incredible time to put your home on the market.
There is less competition, if you wait to hit in January you will be launching at the same time as everyone else that held off.
The buyers that are out there are serious and filled with happiness. There is nothing that I love more than walking into a home that is festive and happy during the holidays. I watch faces light up and buyers envision their own holiday season in the home.
So, reach out and lets get a consult in asap and figure out if this holiday season may be right for you.
WINNIPEG, December 5, 2022 – A boost in November's year-over-year inventory combined with slowing month-over-month sales have Winnipeg and its regional market performance transitioning toward balanced market stabilization.
While some small remnants of a seller's market remain, the continuation of October's slowing MLS® sales into November show a market that is trending more in line with the normal seasonal changes seen before the record years of 2020 and 2021.
Total November sales of 870 in our market region are down 30% from last November's 1,244 and down 14% over the 5-year average of 1015. It should be noted that with the record year experienced in 2021 as a result of the pandemic, some perspective can be applied with this November's sales down only 4% from the 902 sales of the last pre-pandemic year of 2019.
Most of the Winnipeg market region is made up of residential detached homes and there are some interesting shifts happening in this part of the MLS ® market. This November's inventory has seen a nearly two-fold increase of 94% over last November and has crept above the 5-year average by 1%.
The average residential detached price for November was at $378,905 which is slightly up from last month's $377,165, down 2% from last November but 7% higher than the 5-year average. The year-to-date average price was down to $415,325 from October's $417,867, up 9% over last November but 11% higher than the 5-year average.
The $0-249,999 price range was the most active residential real estate category in November with 153 MLS ®sales which represents 25% of all sales. Last month's highest priced sale at $1,550,000 was surpassed with 5 MLS® sales at or above that marker this month. The highest priced sale in November was at $2,125,000 and the lowest was at $45,000.
Another interesting trend observed is the continuation of hot demand in the condominium market which saw a year-to-date increase of 11% over the 5-year average and up 27% over the last pre-pandemic year of 2019. This has resulted in year-to-date inventory that is down 14% over the 5-year average and down 21% over 2019.
“The trend of a high year-to-date conversion of listings to sales for condominiums continued into November with a 70% rating," said Bedi. “What is especially intriguing is that this conversion rate has inched above the year-to-date conversion rate of residential detached listings to sales by 1%."
“As we wish Peter Squire, our Vice-President of External Relations and Market Intelligence, a fond farewell as he retires from his high-profile role which included in-depth reporting on MLS® market performance, the Winnipeg Regional Real Estate News will continue to focus on the strength of MLS® data, and the REALTORS® who use it. MLS® data used by REALTORS® offers current and up to date reporting for the benefit of homeowners," said the Winnipeg Regional Real Estate Board CEO Marina R. James. “While there are many factors that can be attributed to an organizations' success, quality data is one that is universally sought after. With ever changing market conditions, using an expert REALTOR® gives buyers and sellers a big advantage in providing market performance certainty in a changing environment."
Do I have to accept an offer at the list price? This is one of the most common questions when discussing what price point we should list their home. It's especially crucial when dealing with a shifting market.
You found your dream home and although it's older and needs a coat of paint, you're thrilled with your purchase! But what are some of the unexpected costs that go along with buying an older home?
How will River Park South fare during the upcoming holiday season? Will listings go up, down or stay the same?
So you have an accepted offer on a property. Should you buy that brand-new expensive car you've been thinking about? Let's hold off on that for a bit!
Should you let buyers back into your home after the deal has gone through for purposes of measurements etc.? If you ask a Lawyer or the listing agent they'd generally say no, but as a buyer's agent, you bet I'm going to try to get you in!
A general assessment means that new values are established for all properties in the city. Provincial legislation requires the City of Winnipeg to do this every two years using market values as of a specified reference date.
Several factors go into assessing your property:
It is assessed at its market value, or the price your property could generally sell for on the real estate market as of the reference date. The reference date is April 1 of the year two years before the general assessment year.
The City assesses the value of both your land and buildings to get a total property assessment. It estimates your property value by studying sales of similar properties and comparing lot size, local improvements, location, building age, size, quality of construction, and condition. Even if you built it yourself, the City judges your building by the same criteria as other buildings so it can equitably assess all similar buildings.
The City factors depreciation for normal deterioration into your building’s assessment
There is SOOOOOO much noise about what is happening in the market, opinions, news articles and so many other things coming at us from every direction. What you need to do though is put on the blinders and focus on where you are. Here in Winnipeg, our market is very different from Toronto and Vancouver. We will react differently to things, and historically we react much less than the bigger cities and higher price points. We are more stable, solid and steady.
If you have any questions about our market, or the specific neighbourhood you are in, I am here to help! Let's get hyper-local and answer your questions.
If you’re like most sellers, you’ve got a LOT of stuff.
Pictures, knick knacks, blankets, pillows, decor, let’s not even get started with the kitchen drawers and cabinets 🥴
Here’s a simple way to start packing up your home:
1) pick one room
2) collect 4 boxes, bins, bags or totes for that room.
3) label them: KEEP • SELL • DONATE • TRASH
4) Clean and empty the room by putting the item in the appropriate labeled container.
Before you know it, the room is cleared out! Store the keep, sell the stuff and donate and throw away the things you absolutely don’t need or want.
The next day, pick another room and start the process again! This helps the overwhelm and anxiety of packing lessen and makes each day and room more attainable.
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A very heated topic.... but no, we cannot tell you what the next best offer is. We can't disclose a darn thing bout it. Even if you won, financing is done, the house is SOLD, we can't tell you anything about any other offer that was on the table.
It isn't Realtors being sneaky or deceptive, it is actually part of the legislation that we have to abide by. It sucks, I know, winning and wondering how much you won by, but we simply cannot tell you.
It is natural for you to quit when there is a bit of pain. A barrier that you need to push through, or something that just feels a bit uncomfortable. But it is in that moment when things are truly uncomfortable that the good stuff happens and you reach the next level.
Push through, and if you ever need help while you are pushing, reach out. I am always down for a good coffee to talk through things.
It’s the years after that we get to see your dreams come to life, the moments that happen inside of the 4 walls, the meals shared around the dinner table, the glimpses of your life that we see in a tiny square right here…
It’s the relationship that’s built not only while we house-hunt but the years that follow.
It’s not just about the home.
It’s about the things 𝗮𝗳𝘁𝗲𝗿 the home.
The most important things.
Family.
Relationships.
And dreams.
Did you know that it is illegal to have cameras on that are recoding during showings? If you are a seller and you choose to have cameras recording the buyers who may be in your home you have to give them notice that they are being recorded.
Now, how do you think you would feel if you knew that your conversations about a home were being recorded? If you maybe talked about a paint colour that you didn't like, or other personal decisions that the sellers made that you were wanting to change? You might keep very tight lipped and not talk freely if there was a camera on you, and when you can't talk freely you can't speak openly about how you would make that home your own.
That is why, even if you do choose to provide notice of recording it is always best not to, so that buyers can have those open conversations in your home and talk about making it their own.
Don’t freak out.
What does that mean?
It means that your real estate agent is working harder than ever. Which is THE #1 thing to observe when choosing who you work with.
Proper Pricing is 𝙆𝙀𝙔 in a changing market. The comparables from last Spring are not comparable right now.
There are many factors that go into proper pricing in a shifting market.
We consider:
✔️seller motivation
✔️market activity and
✔️family situation
While we assess:
✔️daily market conditions and
✔️buyer feedback
Bottom line:
W̲H̲O̲ Y̲O̲U̲ H̲I̲R̲E̲ M̲A̲T̲T̲E̲R̲S̲
We know, understand and experience all of the above on a daily basis. It is our responsibility to you to make sure we price your home correctly or negotiate the best offer when purchasing.
Buying and/or selling a home is one (if not the only) SINGLE, BIGGEST financial decision you will make in your life, 𝙒𝙃𝙊 𝙔𝙊𝙐 𝙃𝙄𝙍𝙀 𝙈𝘼𝙏𝙏𝙀𝙍𝙎.
Our door is open, our phones are on, our inboxes are ready.
Oh the stories I could tell.... But I don't. I never tell clients a lot of the things that I am doing behind the scenes, my job is to make it look as simple and easy as possible with zero worry for them. I may be stressing out and cursing all over, but my job is for you to not know any of that.
With the average days on market being 23, River Park South is outperforming the rest of Winnipeg.
Upcoming we have the largest generational transition of wealth.... and stuff. Boomers are that generation that seemed to hang onto a lot of things. Memories are held close, collectibles all around, and now all that stuff is coming down to the younger generations.
Children are having to clean out homes of their parents not knowing what to do with it all. Memories being tossed into garbage bins, large estate sales being held, and the overall large task of dealing with "stuff"
Some Boomers have recognized the need to start downsizing early so that family isn't left "dealing" with it, but it is a large task no matter who is taking care of it.
Buying or selling a home is a huge life decision. I am here for you to ensure you make the best decision possible for yourself.
