๐Ÿก River Park South Weekly Market Update ๐ŸŒŸ

Hey everyone! Itโ€™s time for your weekly dose of real estate insights from River Park South. ๐Ÿ“ˆ

For this week:

๐Ÿ”ฅ 3 homes sold in River Park South

๐Ÿ  10 new listings have just hit the market

๐Ÿคฉ 19 homes on the market

The market is buzzing with activity! Whether youโ€™re looking to buy, sell, or stay informed, we have the latest trends and stats.

Have questions about the market or need personalized advice? Iโ€™m here to help! Feel free to reach out anytime.

๐Ÿ”— Watch the full video for all the details. And donโ€™t forget to like, share, and comment!

Pay Attention To The Size Of Your Yard When Buying A Home

When buying a home in Winnipeg pay close attention to the size of your yard.

You might be standing there looking at a beautiful big yard, but if you have an amazing side yard it may not all be yours. Pull up that listing, if it says you are 25 feet then the other half of that yard has been subdivided off and something else will be going up there.

It happens more often than you think that someone buys a property thinking it is all theirs, and then find out later that they really only get a super small yard.

House Hack

Many people get confused about the "2nd home at 20%" part, it isn't if you are picking up and moving your family that you have to pay 20% down, it is when you are buying a rental property. But what if you could also get a rental property at 5% down?

Here is what you do...

You keep your current home as the rental, and buy your next family home at 5% down, and do that a few more times.

You could buy that starter home at 5% down, then you keep it and move up. Then you keep that, move up again and each time you move up it is only 5% down. This way you are acquiring rental properties as you go, as you move up in the real estate world, and doing it all with the least amount down which helps to free up your cash!

Reach out to talk to us if this is something you may be interested in. We can help you determine if your current home would be a great rental property for you.

Get Your Home Ready For The Market

Transform Your Bathroom on a Budget: Re-glazing vs. Costly Renovations!

Renovating a bathroom can be pricey, especially with bathtubs and showers. But here's a game-changer, especially for sellers and landlords: re-glazing! This cost-effective solution can instantly brighten up your bathtub, giving it a fresh, new look without the hefty price tag.

For a quick and affordable bathroom refresh, contact Joey at @liquidrockcoatings. Discover the magic of re-glazing today!

๐Ÿก River Park South Weekly Market Update ๐ŸŒŸ

Hey everyone! Itโ€™s time for your weekly dose of real estate insights from River Park South. ๐Ÿ“ˆ

For this week:

๐Ÿ”ฅ 4 homes sold in River Park South

๐Ÿ  4 new listings have just hit the market

๐Ÿคฉ 16 homes on the market

The market is buzzing with activity! Whether youโ€™re looking to buy, sell, or stay informed, we have the latest trends and stats. Have questions about the market or need personalized advice? Iโ€™m here to help! Feel free to reach out anytime.

๐Ÿ”— Watch the full video for all the details. And donโ€™t forget to like, share, and comment!

Welcome To Winnipeg!

For most it is hard to imagine the stress of a house hunting trip. You come into a city that you may not know and have to find a home in 5 days, and that is what these two did.

We met in person for the first time when they were getting in my car and ready to spend 8 hour together looking at homes. That first day we started at 9am and looked at 21 houses. Writing notes after each one so we could keep them all separate in our brains and developing our yes/no/maybe piles. Day 2 we looked at a few more (I think 5) and then day 3 just 1 more.

Before we looked at the final homes on day 3 we had already started negotiating on this beauty. A DREAM yard, the most gorgeous patio door that I am jealous of (it is huge) and just the most incredible finishings.... this house is awesome, and I am so happy that it is yours.

Welcome to Winnipeg!

Lower Interest Rates May Fuel Competition

The Bank of Canada has lowered its interest rate, which can impact the real estate market. This may increase purchasing power for buyers and make pre-approvals easier. It can also fuel the market making it more competitive as more buyers enter the market.

Make sure to talk to us so that we can hook you up with a great lender to discuss what this means for you and strategize on how you can win in this market as a buyer.

DM us to talk more about this market!

What An Incredible Evening Taking This Picture!

We had initially started talking a few months ago (or maybe it was even a year??) to get things lined up for when they wanted to buy, so when these two started they were good and organized. And it is a good thing we were organized... we saw 4 houses and then won in multiples on this one! There was no time for dramatic or funny stories, this search was fast, easy and turned out simply amazing.

I am so happy for you and that you got such a great house. The renovations are stunning, the location is beyond amazing, and you get to move in fast enough for everything to line up for you perfectly. You were a joy to work with (and so were your parents) and I am so thankful that I got to help you find this home.

Practice Paying Your Mortgage

Letโ€™s say your rent is $2000/mo and youโ€™re considering a $2500/mo mortgage payment.

Before shopping for houses, spend 3-4 months practicing that payment.

When you go to pay your rent, immediately put $500 in a separate account. Itโ€™s gone with your rent.

How does the rest of your month feel?

Are you still living your best life or do things feel tight?

Adjust accordingly.

Bonus: now you have more $$$ saved for a down payment, closing costs or any other costs associated with buying your next home.

๐Ÿก River Park South Weekly Market Update ๐ŸŒŸ

Hey everyone! Itโ€™s time for your weekly dose of real estate insights from River Park South. ๐Ÿ“ˆ For this week:

๐Ÿ”ฅ 10 homes sold in River Park South

๐Ÿ  4 new listings have just hit the market

๐Ÿคฉ 17 homes on the market

The market is buzzing with activity! Whether youโ€™re looking to buy, sell, or stay informed, we have the latest trends and stats. Have questions about the market or need personalized advice? Iโ€™m here to help! Feel free to reach out anytime. ๐Ÿ”— Watch the full video for all the details. And donโ€™t forget to like, share, and comment!

Donโ€™t Want The Expense And Hassle Of A Huge Reno? Re-coat It Instead!

Renovating a bathroom can be expensive, especially when it comes to bathtubs and showers... but there is an alternative, especially if you are selling (or are a landlord!)

Reglazing is a simple cost-effective way to freshen up a bathtub. I have seen it done many times and it immediately brightens up the space and brings a feeling of new.

If you need a freshen-up, reach out to Joey at @liquidrockcoatings!

I Am Beyond Happy For The Two Of You

Gah... these two scored the most amazing home!! If you saw their future home on google maps you would see the yard and just swoon with jealousy.

Their home was already sold when we started the home search, and so although there was a backup plan, there was also a bit of stress to make sure they weren't homeless for too long. He was very clear on what he wanted and what he would "put up with" in a new home, and so with that we only wrote an offer on one house and we got it! They leapt in all the way to snag this gem of a home that will not only serve them perfectly for years to come, but will also have huge resale value down the road if they ever choose to.

I am beyond happy for the two of you, and obviously jealous as well. ;)

What Does The Rate Cut Mean?

I am sure you heard about the rate cut, but what does that mean now?

โ It may affect your purchasing power, but we have to wait and see how each lender reacts, just because the rate goes down doesn't mean they have to lower their rates too. โ 

โ If you are a seller the good news is that we may see another uptick in the market.

โ If you are a buyer, check in with your lender and know where your pre-approval is. Check in with us and let's plan for what the market may bring.