Real Estate Market Update report for Winnipeg in September 2010. Stats on listings and sold houses and condos in Winnipeg's hot real estate market

Here we take a look at how many homes are available on the real estate market in Winnipeg, and how many have sold in the past 31 days in Winnipeg. By combining these factors, we get a good idea of where Winnipegs Real Estate Market is heading.

If you’re thinking of buying or selling a house or a condo in Winnipeg, please call my anytime. Bo 333-2202

Hi Everyone:

Winnipeg Real Estate agents have a new tool to help buyers find their perfect house or condo. Keystone MATRIX® is a search program which helps buyers not only FIND the house they want, but also keeps them informed on sales, price changes and eventually the SOLD price of a house or condo as well.

I have found recently that many buyers are receiving the listings from an agent, but no one has ever taken the time to explain how the program works. In this short, 7 minute tutorial, I will show you a few basics on how to get the most out of this system.

But remember, FINDING a house is the easy part. When it comes time to make an offer, being PREPARED is key. So if you are serious about buying a house or condo, please call me anytime and we’ll start with a short meeting to make sure that you are prepared.

Bo 333-2202

Hi Everyone:

Recent interest rate hikes have had the effect of pressuring buyers to quickly buy a home. Home buyers are pre-approved at lower rates and want to take advantage of those rates by purchasing a new home or condo.

So if you’re thinking of selling your home, please call me anytime….. Now may be a great time to sell your luxury home or condo.

Hi everyone:

In this crazy time of bidding wars (especially on entry-level houses) a first time buyer might consider purchasing a condominium for their first home. In fact there are many great reasons to buy a condominium, not just for a first time buyer. To see a list of reasons, read 7 Reaons

With 700-sq-ft bungalows selling in the south end of the city for over $200,000, there are a number of condominiums available for prices perfect for the first time buyer. To find out a little more, read Condos between 120K and 180K

As an example, an 800 sq ft apartment style condominium, with upgraded kitchen, bath, flooring, new appliances and much more, sell for approximately $160,000. And 1100 sq-ft townhouse condos, with c/air and insuite laundry can be purchased for approximately $165,000 to $170,000.

As an added bonus, although condominiums sometimes do receive multiple offers, these situations are far more rare, making condominiums an excellent choice for the first time buyer who need to put financing conditions into their offers.

Looking to buy a house or condo and getting frustrated?

Working with a REALTOR® can bring you several advantages: Getting listings sent to you via e-mail is one of those. But its only one part of my job….and many people might argue that its a SMALL part. A much more important aspect is BEING PREPARED.

I recently met a young couple who had been looking at homes for the past year, at first on their own and then with another agent. When they finally found a home they liked, they put in an offer and promptly got ‘blown out of the water’, loosing by over $30,000. They came to me a little upset. But they weren’t upset at LOOSING the offer, they were upset at the fact that they had received (in their words) no direction or advice on how much their dream home might sell for.

Upon hearing their story, we set up a meeting (as I like to do with all my buyers) and I explained the current state of the Real Estate Market in Winnipeg. On 3 separate occasions, the lady turned to her fiancee and said “No one ever told us that before.”

During our consultation, I learned that although they were pre-approved by a bank, that particular bank required 3 days to complete the financing. “3 DAYS?”….. in OUR market? You might as well not be pre-approved.

A couple of phone calls later, my new buyers were approved thru a mortgage broker with a finance condition down to 1 day..

Bottom line: Next house they liked,…. they got!

If you’re just looking to have listings sent to your e-mail, there are 1400 REALTORS® ready to do that. If you want to BUY a house, and be READY and PREPARED to actually GET the house…….Call Me! My buyers are among the best prepared in this market.

Just about ANY REALTOR® will send you listings via e-mail if you ask. But getting the listings is only a small part of the job. Let me help you actually GET the house you're looking for.

Home Buyers in Winnipeg have a new tool at their disposal: REALTORS® use the Keystone-Matrix system which is a huge help for home buyers. There are several neat features in this system…. Here is a look at one of those features.

Here are some of the most common questions Home-Buyers have:

Q: Whats the best way to FIND a house in Winnipeg? Go to Open Houses? Looking thru real estate magazines? Search individual agents websites?

A: Magazines are often published once a month, or perhaps once a week. By the time a listing makes it into print, it’s most often already sold or accepting offers. Open Houses can be very hectic, and you end up ‘rubbing elbows’ with lots of other visitors. The Best Way? Work with one REALTOR® who can show you ALL the listings. Someone like, say, me for example. Watch this video.

Q: Why should I work with a REALTOR®. I can find the houses on my own!

A: FINDING them is just a small part of what real estate agents can do for you. Once you find a nice house, I can help you evaluate it, offer advice on how to structure your offer to make it more acceptable (thereby winning any possible bidding war), and I can even help you get pre-approved by a great lender. Please watch this video.

Q: My checking account is with a bank. Can’t I just go there to be pre-approved?

A: In this fast market, every buyer knows that pre-approval is required, so EVERY buyer already does that. It’s no longer sufficient just to be pre-approved, its actually more important to be pre-approved by the RIGHT lender. To find out HOW you do that, watch this video.

.

I update this Blog on a regular basis, adding new listings, market updates, news and interesting (well, at least I think they’re interesting) pieces of information. You can make sure that you receive the posts by two ways: Subscribe to the RSS (check the toolbar along the bottom of the screen) or fill in this form and you’ll get the latest blog posts via e-mail, once a week.

There is a (sometimes huge) discrepancy between City Assessed Value and Actual Market Value of a home. This video explains why, and which of the two is correct.

Here are some of the most common questions Home-Buyers have:

Q: Whats the best way to FIND a house in Winnipeg? Go to Open Houses? Looking thru real estate magazines? Search individual agents websites?

A: Magazines are often published once a month, or perhaps once a week. By the time a listing makes it into print, it’s most often already sold or accepting offers. Open Houses can be very hectic, and you end up ‘rubbing elbows’ with lots of other visitors. The Best Way? Work with one REALTOR® who can show you ALL the listings. Someone like, say, me for example. Watch this video.

Q: Why should I work with a REALTOR®. I can find the houses on my own!

A: FINDING them is just a small part of what real estate agents can do for you. Once you find a nice house, I can help you evaluate it, offer advice on how to structure your offer to make it more acceptable (thereby winning any possible bidding war), and I can even help you get pre-approved by a great lender. Please watch this video.

Q: My checking account is with a bank. Can’t I just go there to be pre-approved?

A: In this fast market, every buyer knows that pre-approval is required, so EVERY buyer already does that. It’s no longer sufficient just to be pre-approved, its actually more important to be pre-approved by the RIGHT lender. To find out HOW you do that, watch this video.

.

I update this Blog on a regular basis, adding new listings, market updates, news and interesting (well, at least I think they’re interesting) pieces of information. You can make sure that you receive the posts by two ways: Subscribe to the RSS (check the toolbar along the bottom of the screen) or fill in this form and you’ll get the latest blog posts via e-mail, once a week.