The BAM Group : Blog : Latest Blog Posts

Need a Change? Should you renovate or relocate?

Fri, 07 Aug 2026 16:45:35 GMT

Your home isn’t working for you quite like it used to. You need more space, a better layout, or updated appliances. The big question is: should you renovate the home you have, or start fresh somewhere new? The answer depends on your current home, desired outcomes, and lifestyle.

Renovate if…

You love your location, and wouldn’t want a huge change in that department. Or, your area is considered highly desirable, creating an opportunity to build equity through smart renovations.

Relocate if…

Your location no longer serves your lifestyle, due to job changes, priority shifts, or even your neighbourhood evolving over time. Or, your area may have a ceiling on home values, limiting the return on major renovations.

Renovate if…

Your desired renovations are cosmetic, like upgraded flooring or new appliances. These changes are either low-cost, or will add significant value to your home if you decide to sell down the line.

Relocate if…

You’re considering major structural renovations like additions, layout changes, or foundation work. These changes will likely not yield a return on investment, and buying a larger or more modern home is actually less expensive.

Renovate if…

The renovations fit your home’s existing scope, like adding a bathroom where plumbing was already roughed in or taking the final steps to finish a basement. These changes will likely be straightforward and cost effective.

Relocate if…

Your desires don’t quite fit, like an in-ground pool in a sloped yard or an island in a small kitchen. Homes that were built with these luxuries in mind will support these features better, and you’ll avoid any nasty surprises during the renovation process.

Renovate if…

You see yourself in this home for at least 5 more years, and the renovations would make you more happy in your space.

Relocate if…

You see big life changes in your near future, like growing your family, changing careers or planning retirement. Make sure you don’t spend a fortune renovating a home just to outgrow it in a few years!

We can give you a full assessment of your home’s current market value and identify the best renovations to pursue for return on investment.

Give Bryan a call or text at 204.817.1849!

Everything you should do now if you're planning to sell this fall!

Tue, 14 Jul 2026 19:02:14 GMT

If you're thinking about selling your home this fall, August is the perfect time to start preparing. Taking care of a few key projects now can help reduce stress later, give you more flexibility when your home hits the market, and ensure your property makes the best possible first impression.

Here's a checklist to help you get ahead before the busy fall market begins.

Meet With Your Realtor

Determine your goals, your timeline, and the specific steps you need to take to get your home ready for sale. Your Realtor can also help you build your team by recommending mortgage brokers, inspectors, contractors, stagers, and lawyers so you're ready to hit the ground running when it's time to list.

Starting this conversation early also gives you time to make informed decisions instead of rushing through them once you're committed to selling. In Winnipeg, well-prepared homes are still moving quickly—in the second quarter of 2026, the median detached home sold in just 9 days. Having a plan before you list means you can take advantage of market momentum instead of scrambling to prepare once you're ready.

Declutter One Room at a Time

Every week, spend a day or two slowly getting rid of clutter, packing up anything you won't need for the next few months, and making donation piles.

Taking this off your plate early will provide much-needed stress relief when moving day approaches. It also makes your home feel larger, brighter, and more inviting when buyers eventually come through.

A simple trick is to ask yourself, "Have I used this in the last twelve months?" If the answer is no, really consider whether you need to bring it with you. Another helpful question is "Would this cost more than $10 to replace?" Again, if the answer is no, it might be a piece of clutter you can do without hauling to a new home.

Complete Any Major Renovations

Reach out to contractors now to complete any renovations in time to sell this fall.

This can include:

New flooring
Interior paint
New windows
Roof repairs
Countertop replacements
Other larger maintenance projects

August is often the sweet spot for getting projects finished before contractors get booked up with fall work. Focus on improvements that buyers notice immediately—fresh paint, updated flooring, repaired trim, or modern lighting often provide a better return than expensive custom upgrades.

Replace Major Appliances

Do a quick audit of your appliances and make note of any that need to be replaced.

Broken or very old appliances can be a deterrent for potential buyers. While not every appliance needs to be brand new, ensuring everything is clean, functional, and in good working order helps buyers feel confident that the home has been well maintained.

If replacing every appliance isn't in the budget, prioritize anything that doesn't work properly or looks significantly dated. Even giving stainless steel appliances a deep polish and replacing worn handles or knobs can make a difference.

Tackle Summer Yard Maintenance

Now that it's nice and sunny, take a weekend to lift hedges, weed garden beds, edge the lawn, power wash walkways, refresh mulch, and remove any dead plants.

Your exterior is the first thing buyers see, and great curb appeal can set the tone for the entire showing.

You don't need an elaborate landscape design, but buyers notice simple signs that a home has been cared for. A freshly cut lawn, trimmed shrubs, colourful planters by the front door, and a clean driveway can dramatically improve first impressions before anyone even steps inside.

Gather Important Documents

Get the paperwork in order to create a smoother process.

This includes:

Utility bills
Renovation receipts
Appliance manuals
Warranty information
Property assessments

Having these documents readily available makes it easier to answer buyer questions and demonstrates that you've taken good care of your home over the years.

If you've completed renovations, keeping receipts and permits together can also help justify your asking price and give buyers greater confidence in the quality of the work.

Start Looking at New Homes

Are you downsizing? Upsizing? Looking for a better neighbourhood?

Start making a list of what you want out of your next home and do some research to determine what's realistic for your budget and timeline.

Separate your list into "Must-Haves" and "Nice-to-Haves." It's much easier to make decisions when the right home comes along if you've already identified what you're willing to compromise on—and what you're not.

Take Summer Photos

As you know, Winnipeg weather can change fast. Before the leaves begin to fall and grass turns brown, get some photos of your front and back yards on a nice summer day.

Your Realtor can help determine whether it's a good idea to book a professional photographer or if quality smartphone photos will be sufficient. Having lush summer photos available can be a huge advantage if your home ends up being listed later in the fall.

Even if you don't end up using every photo, you'll be glad you captured your property when the gardens were blooming, the trees were full, and the yard looked its best. Great exterior photos can help your listing stand out online before buyers book a showing.

Ready to Sell This Fall?

Preparing your home doesn't have to happen all at once. By spreading these tasks throughout August, you'll be in a much stronger position when it's time to list. You'll avoid the last-minute scramble, present your home at its absolute best, and give yourself the flexibility to respond when market conditions are right.

Every home and every seller's situation is different. The best timeline depends on your goals, your property's condition, and where you're planning to move next. A quick planning conversation can help you prioritize which projects are worth your time and which ones you can skip.

If you're considering selling this fall, even if you're still in the early planning stages, we'd be happy to walk you through a personalized timeline and answer any questions you have. Whether you're ready to list in a few weeks or simply exploring your options, getting started now can make the entire process smoother and more successful. Reach out to Bryan at 204.817.1849 for a pressure-free conversation.

5 Signs It’s Time to Downsize Your Home

Thu, 04 Jun 2026 21:40:50 GMT

For many homeowners, downsizing is often associated with retirement or becoming an empty nester. But the truth is, deciding to move into a smaller home is less about age and more about lifestyle. As priorities change, the home that once felt perfect can start to feel like more work, more expense, and more space than you actually need.

If you've been wondering whether your current home still fits your life, here are five signs it may be time to consider downsizing.

1. Maintenance Is Becoming a Burden

Homeownership comes with a long list of responsibilities. Lawn care, snow clearing, cleaning, repairs, and routine upkeep all require time, money, and energy.

While maintaining a large property may have once been a source of pride, there often comes a point where it starts to feel more like a never-ending to-do list. If you find yourself spending weekends managing your home instead of enjoying your free time, a smaller property could offer a welcome change of pace.

Downsizing can mean less maintenance, fewer repairs, and more time to focus on the things you actually enjoy.

2. Your Priorities Have Changed

Life looks different in every season.

Maybe you once loved hosting large family gatherings, kids' birthday parties, and holiday celebrations. Perhaps a large basement or sprawling backyard was exactly what your family needed at the time.

But as children grow up and lifestyles evolve, many homeowners find themselves wanting different things. Instead of dedicating time and money to maintaining extra space, you may prefer to travel more, spend winters somewhere warm, pursue hobbies, or simply enjoy a more flexible lifestyle.

3. Housing Costs Don't Feel Worth It

Utilities, repairs, insurance, property taxes, and renovations can add up quickly. While these costs may have felt worthwhile when you were making full use of the space, they can start to feel excessive when rooms sit empty or your needs have changed.

Many homeowners choose to downsize not because they can't afford their home, but because they no longer see the value in paying for more house than they need.

By reducing housing expenses, you may be able to redirect money toward travel, retirement savings, hobbies, or other goals that matter more to you.

4. Mobility Is Becoming a Concern

Even if mobility isn't a challenge today, it's worth thinking about how practical your home will be in the years ahead.

Multiple flights of stairs, steep front steps, basement laundry rooms, and large outdoor spaces can all become more difficult to manage over time. A home that requires constant climbing, lifting, or yard work may not be the best fit forever.

Many homeowners choose to move proactively into a more accessible property—such as a bungalow, townhouse, or condo with elevator access—before these features become obstacles.

Planning ahead can make future transitions much easier and allow you to stay comfortable and independent longer.

5. Your Hobbies Are Starting to Feel Like Chores

For many people, home projects and yard work were once enjoyable hobbies.

Maybe you looked forward to landscaping on weekends, maintaining a large garden, or tackling DIY renovation projects. But interests can change over time, and activities that once felt rewarding can start to feel like obligations.

Is Downsizing the Right Move for You?

Downsizing isn't about giving something up—it's about creating a home that better matches your current lifestyle, priorities, and future plans.

If you've recognized yourself in one or more of these signs, it may be worth exploring your options. Understanding what your current home could sell for, what alternatives are available, and what a move might look like financially can help you make an informed decision.

If you're curious about whether downsizing makes sense for your situation, I'd be happy to walk you through your home's value, discuss your options, and help you determine what your next move could look like. Call or text Bryan at 204.817.1849.

Is your home still working for you? 5 signs it’s time to upgrade.

Wed, 29 Apr 2026 19:09:29 GMT

Your starter home carried you through important life milestones, but now it’s starting to feel more like it’s holding you back. Sure, maybe you can make some adjustments or renovations and have it feeling as good as new again, but the time usually does eventually come when you might have to start looking at your next steps. Here are five key signs that you’re ready for something bigger.

1. You’ve run low on space

This is the most obvious sign. If you’re suddenly sharing a bathroom with a preteen, if two of your kids have reached the age where sharing a room results in arguments and bedtime distractions, or if you’re tripping over dog toys every morning on the way to the kitchen, you might want to look into a bigger place.

People typically see a need for more space as just being about their family growing or a relative moving in, but sometimes it also applies to ways they might be holding themselves back from hobbies or interests due to lack of storage. If you want to spend more of your summers camping, you’ll need somewhere to park the trailer. If you want to take up painting, you might need a garage with space for a studio.

2. Your home no longer fits your lifestyle

Maybe you bought a home with a dedicated office during the pandemic, but now are back at work in person and would rather have an extra full bedroom. Maybe you moved jobs, and now you’re spending most of your precious free weekday time in traffic. Maybe you have come to prefer backyard BBQs to nights at the bar, but your small yard barely has the room for a patio.

Life changes, and your home should shift with you. If your home was tailor-made for your family 5 or 10 years ago, that may mean it’s not working for you anymore.

3. You’re thinking about big renovations

There’s a difference between small updates and a full-on overhaul.

If you’re pricing out major renovations like gutting the kitchen or adding a bathroom, saving endless inspiration on Pinterest, and mentally redesigning your home daily, it’s worth asking: Is this still the right home to invest in?

Renovation costs can climb quickly. Sometimes, putting that budget toward a new home that already checks your boxes is the smarter move.

4. Your equity has grown

A lot of homeowners are sitting on more equity than they realize. With steady demand in many Winnipeg neighbourhoods, your home’s value may have increased significantly since you bought it. That equity can help fund your next purchase and open doors to different neighbourhoods or property types.

If you haven’t looked at your home’s current value recently, this alone is worth exploring.

5. You’re browsing listings ‘Just to look’

It usually starts casually. You’re on Realtor.ca at night, saving listings, sending homes to your partner, imagining yourself in different spaces. Maybe you’re noticing ‘Sold’ signs in your neighbourhood, and trying to get the details on what a given house went for (call us for the inside scoop, by the way!). Or, you’re driving past new developments a bit slower than usual, checking out the schools and the parks.

Most people don’t go from zero to moving overnight, it starts with exploring what’s possible. And if you’re already doing that, you’re well on your way to your next home.

If a couple of these signs hit close to home, it might be time to start thinking about your next step.

Upgrading doesn’t mean you have to rush into anything. It just means getting a clear idea of what your options look like. In Winnipeg, that can vary a lot depending on your neighbourhood, your home, and what you’re hoping to move into.

Let’s talk!

If you’ve been thinking about making a move this year, give Bryan a call at 204.817.1849.

We can walk you through what your home might be worth, what upgrading could look like for you, and what’s actually realistic in today’s market.

No pressure, just a conversation to help you figure out your next move.

What You Need to Do 6, 4, & 2 Months Before You Buy a Home

Thu, 19 Mar 2026 15:07:50 GMT

What to do 6, 4, and 2 months before you buy a home

If a new home is on the horizon for your family, it’s good to start preparing at least a half year out. If you start right now, you’d be perfectly positioned for a fall purchase.

6 Months Out

Six months before you buy a home is the perfect time to get your finances in order. Here’s a checklist of things to do to secure the best financing possible:

Check your credit score.
Pay down major debts, like vehicles, credit cards, or lines of credit, to the best of your ability.
Avoid making big financial changes like large purchases, changing careers (unless, of course, it’s for a promotion or raise), or investing in a new business.
Analyze your monthly spend for three months; identify subscriptions or expenses you can easily cut, and be realistic about how much you can afford while maintaining your preferred lifestyle.

4 Months Out

This is when you’re going to want to learn as much as possible about the Winnipeg home market to discover what’s realistic and important to you in a new home. Here’s what to do:

Browse listings on Realtor.ca that you could see yourself buying, in the locations you prefer. Start with your best case scenario; size, location, and features such as garage, basement, or ensuite bath. See what those homes typically cost, and adjust your filters accordingly to get within your budget.

Decide on your ‘big 3’; the three main things you do not want to compromise on. This can be anything from storage space to backyard pool, but keep in mind that some features can be added over time while others will never change. For example, you can always install quartz countertops, but you can’t move your home to a quieter street.

Next, make a list of ‘nice to haves’; things that you really would love in your home but are willing to compromise on for a price.

2 Months Out

It’s time to get serious and build your team! Gather the pros you’ll need to guide you through this process.

Your Realtor works for you to find you the perfect home and guide you through the process. We’re happy to be your first call, and ensure you’ve got qualified experts by your side at every phase of the process.

Your Mortgage Broker will pour over your finances to get you pre-approved for a mortgage at the best possible rate. It’s important to do this early so you know exactly what you can afford as you’re looking for homes.

Your Lawyer will finalize the sale, ensure you’re getting what you pay for, and protect you from any loopholes or fine print.

You’re ready to get started! If you have any questions at all about the process, please reach out to Bryan at 204-817-1849 any time at all. We’re happy to provide advice and guidance even if you’re not ready to hit the ground running yet.

What You Need to Do 6, 4, & 2 Months Before You Sell Your Home

Tue, 17 Feb 2026 16:40:07 GMT

Selling your home isn’t something that happens overnight — and the homeowners who get the best results are almost always the ones who plan ahead.

If you’re thinking about selling in 2026, the work you do months before your home hits the market can make a significant difference in your final sale price, how quickly your home sells, and how smooth the overall process feels.

With the right strategy and guidance, you can position your home to stand out, attract serious buyers, and maximize your return.

Six months out is the ideal time to tackle the projects that take the most planning and coordination.

Consider Major Renovations and Repairs

If your home needs larger updates, such as a bathroom refresh, replacing worn flooring, repairing the roof, or finishing the basement, now is the time to start. These improvements can significantly increase your home’s value and appeal, especially if they address features buyers care about most.

Not every renovation is necessary, and some offer better returns than others. This is where expert guidance becomes invaluable. Reach out to Bryan at 204.817.1849 for help determining which upgrades are worth the investment and which ones you can skip.

Start Decluttering Early

Selling is also a great opportunity to simplify. Begin removing furniture, appliances, and personal items you won’t be bringing with you. This not only makes your eventual move easier, but it also helps prepare your home for staging later on.

Research Your Local Market

Understanding what homes are selling for in your neighborhood helps you set realistic expectations. Pay attention to comparable homes, market trends, and how long properties are staying on the market.

With the big projects underway or completed, it’s time to focus on the details that elevate your home from good to exceptional.

Fix the Small Things That Matter

Minor repairs can make a surprisingly big impact on buyers. Fix leaky faucets, replace outdated fixtures, repair damaged trim, and ensure everything works as it should. Buyers notice these details, and they can influence how well your home shows.

Boost Your Curb Appeal

First impressions are everything. Fresh landscaping, trimmed shrubs, a tidy lawn, and a clean exterior can instantly make your home more inviting. A well-maintained exterior signals to buyers that the home has been cared for.

Develop Your Pricing and Listing Strategy

Around this time, it’s important to start working closely with your Realtor to determine your ideal listing timeline and pricing approach. A good agent will help you analyze current market conditions, buyer demand, and timing so you can position your home competitively and strategically.

Now you’re entering the final preparation phase — where presentation and logistics become the focus.

Schedule Professional Photography

Professional photos are one of the most important marketing tools when selling your home. Booking photography while your yard looks its best helps your listing make a powerful first impression online. If you're looking to sell this fall, make your photography a priority in July or August.

Freshen Up with Paint

A fresh coat of paint can instantly brighten your home and make it feel newer and more inviting. Neutral tones tend to appeal to the widest range of buyers and help them picture themselves living in the space.

Finalize Your Moving Plan

Now is the time to get a clear understanding of your moving costs, timeline, and next steps. Planning ahead reduces stress and ensures a smoother transition when your home sells.

If you’re thinking about selling in 2026, now is the perfect time to start planning.

Selling your home is both a financial and emotional decision, and preparation is one of the most important factors in achieving the best possible outcome.

When you plan ahead, make strategic improvements, and present your home properly, you give yourself the best chance to:

Attract more buyers
Sell faster
And maximize your sale price

Just as importantly, you reduce surprises and create a more confident, controlled experience.

Reach out to Bryan at 204-817-1849 for advice tailored specifically to your situation. Even if you’re months away, having a clear plan in place today can make all the difference tomorrow.

Why You Shouldn't Wait for Interest Rates to Drop Before Buying a Home

Mon, 09 Feb 2026 18:55:04 GMT

If you’ve been thinking about buying a home in Winnipeg, chances are you’ve asked yourself this question:

“Should I wait for interest rates to drop?”

It’s one of the most common concerns we hear from buyers across Winnipeg and surrounding communities. And while it sounds logical on the surface, waiting for lower rates can actually cost you more in the long run.

Let’s break down why.

1. Home Prices Move Faster Than Interest Rates

Interest rates tend to adjust gradually. The housing market? Not so much.

When rates drop—even slightly—buyer activity in Winnipeg typically increases quickly. More buyers re-enter the market. More showings happen. More offers get written.

That increased competition can drive prices up faster than the savings you’d get from a slightly lower rate.

For example:

A 0.5% drop in your mortgage rate may reduce your monthly payment.
But a $20,000–$40,000 increase in purchase price (due to increased competition) could completely offset that savings—or exceed it.

In a balanced or tightening Winnipeg market, price movement can happen quickly once confidence returns.

2. Competition Impacts Your Monthly Payment More Than You Think

Your monthly payment isn’t determined by interest rates alone. It’s determined by purchase price, down payment, mortgage rates, property taxes, and insurance.

When competition increases:

You may need to offer over asking.
You may need to remove conditions.
You may lose negotiating power.

All of that can push your total cost higher, even if rates are lower. In other words, the market environment often impacts affordability more than a minor rate shift.

3. Waiting Often Means Spending More on Rent (or Delaying Your Plans)

Every month you wait, you’re either paying rent, spending on routine upkeep on your existing home, or just delaying your downsizing or move-up goals.

If you're currently renting in Winnipeg, consider what that monthly payment is doing for you long term. Owning allows you to build equity, and the best time to start is right now.

Time in the market often matters more than timing the market.

4. You Can Refinance Later

Here’s something many buyers overlook: You can refinance if rates drop. You cannot renegotiate the price you paid for your home.

If you buy today at a fair market value and rates decline in the future, refinancing could lower your payment. But if you wait and buy in a more competitive market, you’re locked into that higher purchase price permanently.

5. The Winnipeg Market Is Local — Not Just National

National headlines don’t always reflect what’s happening here in Winnipeg.

Our market has historically been:

More stable than major Canadian cities.
Less volatile during interest rate shifts.
Driven by strong local demand and steady growth.

That means waiting for a dramatic “crash” or massive rate drop often doesn’t align with how Winnipeg typically behaves.

So, when should you buy?

Every situation is different.

If you're considering buying in Winnipeg and want to:

Compare buying now vs. waiting
Understand what refinancing could look like
See what your monthly payment would actually be
Evaluate your options realistically

Let’s talk through it. A quick strategy call can give you clarity—and help you make a decision based on facts, not fear. Reach out to Bryan at 204.817.1849 or bryanmasse@royallepage.ca for tailored advice.

Pricing a Home in Winnipeg: The Biggest Mistakes (and What Actually Works)

Thu, 22 Jan 2026 15:36:23 GMT

When it comes to selling your home, price is everything. It’s not about throwing out a number and crossing your fingers, it’s about making sure your home grabs attention and gets buyers through the door. There are several common mistakes sellers make that put them at a disadvantage out of the gate.

Mistake #1: Pricing from emotion instead of comparables

Sellers naturally focus on what they’ve invested into the home in the form of renovations, sweat equity, and even family memories. Buyers don’t look at homes that way. They compare your home to what else they can buy right now in the same area, with a similar size, lot, condition, and finish. A true comparative market analysis (CMA) should anchor pricing to recent solds, current competition, and realistic adjustments.

Mistake #2: Using assessed value as your pricing benchmark

In Manitoba, assessed value is primarily a taxation tool and is updated through reassessments to better reflect market conditions. It can be a helpful reference point, but should not be a foundation for your pricing strategy. At the end of the day, your home is worth what a buyer is willing to pay for it.

Mistake #3: Overpricing “to leave room to negotiate”

This is one of the most expensive myths in real estate. Overpricing can reduce showings, shrink your buyer pool, and cause your home to sit stagnant on the market, which will in turn lead to the detrimental question, “What’s wrong with it?” CREA’s Winnipeg market data shows how quickly properties can move in the right conditions (for example, single detached homes spent a median 13 days on market in quarter 4 of 2025). In a fast-moving environment, the best negotiation leverage often comes from strong early interest, not from starting high.

Mistake #4: Pricing too low “to spark a bidding war”

Underpricing can work sometimes, but it can backfire fast. If the price is too far below fair market value, you may attract the wrong buyer pool, create unrealistic expectations, or even raise concerns about what’s “wrong” with the home. Worse, if competition doesn’t materialize, you’ve anchored your listing low and may end up negotiating from a weaker position than if you had priced accurately from the start. A bidding-war strategy only works when demand, location, condition, and timing all line up, and when your marketing and showing schedule are built to support it.

Mistake #5: Chasing the market instead of leading it

Some sellers start too high with the assumption that they can always lower the price if they don’t get any bites. The problem is your listing gets the most attention in the first couple of weeks, and if it’s overpriced during that window, you can miss your best chance. By the time the price comes down, buyers may assume something is wrong or wait for another reduction. In many cases, pricing correctly from the start creates stronger early interest and puts you in a better negotiating position than trying to chase the market downward.

What works instead

Great pricing is a blend of local data + hyper-local context: street-by-street differences, school catchments, lot quirks, basement quality, and finish level. The goal is to price where your home looks like the best option in its “comparison set,” so buyers act.

Our pricing strategy starts with gathering market evidence. The Winnipeg Regional Real Estate Board (WRREB) publishes monthly market analytics, including sales, new listings, days on market, and price trends across the Winnipeg Metro Region. That data matters because it tells you whether buyers are moving quickly, hesitating, or gaining negotiating power. In a market where homes can sell fast, being “close enough” on price is often the difference between multiple offers and a listing that sits.

Selling is a big move, and pricing is one of the most important decisions you’ll make along the way. Our job is to take the stress and uncertainty out of that process by using real market data, local expertise, and a proven strategy to position your home for success. If you’re considering selling in Winnipeg, we’d be happy to walk you through what your home could sell for — and how to get the best result.

If you’d like to have a no-pressure conversation on what your home may be worth in today’s market, reach out to Bryan at 204.817.1849.

What is the best time to sell your home?

Mon, 25 Mar 2024 20:23:43 GMT

There are two questions that I get asked most frequently.. 'how’s the market?’ And ‘when’s the best time to sell?’

It might sound cliche, but I’m a strong believer that the best time to sell is when you need to move. While generally speaking there are certainly times of the year when the market temperature is hotter and colder for sellers, the fluctuation on your final sale price shouldn’t be drastic enough to hold up your life if the right opportunity comes your way. Whether it’s the job opportunity in another province, your long awaited dream home happens to hit the market, or your family starts to grow.. when its time to move, the difference in sale price likely won’t out weigh the immediate comfort a new home or life opportunity might bring.

But what if you could have it all? Time the market perfectly, get the highest potential price for your home, and move into your dream home in one foul, stress free swoop. If the stars were to align, the best time to list your house for sale is undoubtedly EARLY spring. Every year record high sale prices on the MLS occur in the months of March, April, and creeping into early May.

Here’s why:

Inventory levels. With snow still being on the ground in March and April, most sellers have the preconceived idea to list when yards and exterior are looking their best, but what they neglect to realize is that many sellers share the same sentiment. So while keen buyers are trying to beat the spring rush, the number of homes on the MLS is far less than the peak of the spring market.

With lower number of listings, but very high buyer demand, homes during March, April and early May will often sell for a premium price. Subsequently, with an increased number of listings on the market mid-May and June, there is far more competition out there listing wise. So while your yard is pruned and looking it’s best, there are a lot of other options for buyers to choose from, and they tend to be a lot more picky because they have options.

Year in and year out, I’ll see a home sell in late spring, only to look back on the MLS history and find a similar home in the same area in early spring that sold for as much as 2.5% higher to as much as 4% higher just due to listing inventory levels. In fact, 46 out of the 60 different MLS areas within city limits have recorded the highest sale price ever during the early spring months. So if you have the opportunity to time the market, fabulous, but if the right opportunity comes your way in a different month don’t hesitate to make the move. There are a variety of reasons to sell in any season, and always remember that serious buyers never stop the hunt.

For tailored real estate advice, reach out at any time!

What you need to know about the First Home Savings Account (FHSA)

Tue, 21 Nov 2023 17:27:41 GMT

There is a new tax tool available for Canadian home buyers. It is called the First Home Savings Account (“FHSA”). It will look a bit familiar to Canadians, as it is similar to RRSP and TFSA accounts. It is essentially a special savings account that homebuyers can set up to allow them to save money to buy their first home.

THE ADVANTAGE

The advantage of this program is that you can set aside money as savings which can be deducted from your income (thus becoming not taxable), to the saver. This money can grow tax free in the account without accruing the obligation to report that gain as income to the saver as well.

HOW IT WORKS

To qualify, a person must be 18 and the money must be set aside for the purchase of a first home only.

A person can contribute up to $8000 a year into the account, to a maximum of $40,000.

Any unused contributions can be carried forward to subsequent years, so if the full $8000 is not contributed in one year, it can be used in the next year (or later).

If a person opens a FHSA, they have 15 years to spend the money on a home. If they do not, they have they option of converting the account to an RRSP or an RRIF without penalty.

GET STARTED

If you are looking to buy your first home in the next 10-15 years, there is no downside to opening this type of account and starting to put money away now. You’ll reduce your taxes, start saving money, and create a tangible path to homeownership. For more helpful advice on preparing to buy a home, reach out to Bryan at 204-817-1849!

Everything you need to know about creating a stress-free move

Tue, 29 Aug 2023 17:12:28 GMT

While moving into a new home is a major milestone, it’s also fraught with frustration and an avalanche of impending tasks. We offer a comprehensive guided service to connect you with all the best people to help you manage every aspect of your move–from updating your government IDs to sourcing reputable movers and switching your utilities.

Your Existing Team

Here's who you already have on your team, who can continue to support you through the move with advice and guidance.

Mortgage Broker
Caily Macgreger, OneLink Mortgage
204.954.7693
cailym@onelinkmortgage.com

Real Estate Agent
Bryan Alan Masse, The BAM Group
204.817.1849
bryanmasse@royallepage.ca

Travis Milton, The BAM Group
204.808.1456
travismilton@royallepage.ca

Home Inspector

Cory Jaques, Amerispec
204.942.6390
WEBSITE

First Step: Get a Lawyer

A lawyer will deal with all the fine print paperwork to get you into your new home. This includes the transfer of title, the closing documents, property taxes, and the handling of loans and deposits. They should be your first contact after a deal goes through.

Ryan Turner, Partner, Taylor McCaffery LLP
204.988.0328
rturner@tmlawyers.com
CONTACT

Jason Macleod, GAVL Law
204.470.6558
jm@gavl.law
CONTACT

Next up: Insurance

Insurance brokers will work with your lawyer to insure your new home before you get the keys.

Gemstar Insurance
WEBSITE

Swap Your Utilities

Reach out to the following companies to ensure your utility bills are set up for you as soon as you move into your new home:

Manitoba Hydro:
(204) 480-5900
LINK HERE

Water and Waste Department:
(204) 986-2455
utilitybill@winnipeg.ca
LINK HERE

Your internet service provider (Bell, Shaw, etc.)

Change Your Address

Here's a list of documents and services you'll need to update with your new address:

Driver's License: Visit any Autopac or MPI location to change your address
MB Health Card: CLICK HERE to change your address
Credit Cards
Bank Accounts

Set a Moving Date

Set aside a date to move over all your things, and make sure your schedule is clear. If you are hiring movers to make the process easier, here's our recommendation:

King's Transfer Van Lines
204.791.1983
WEBSITE

Renovate and Decorate

There will probably be a list of things you'd like to do to make your new house your dream home, but it's good to immediatley identify the things you need to do right away, in the first few months. Set a budget for what you're willing to spend, then reach out to our recommendation for quotes.

Marc Maric, M&M Roofing & Exteriors
204.783.7663
WEBSITE

Pinnacle Painting
506.609.3748
admin@pinnaclepainting.ca
WEBSITE

Grindstone Renovations
(204) 894-1446
WEBSITE

Interior Illusions Interior Design
Michelle Chisick
204.925.4162
info@interiorillusions.ca
WEBSITE

Enjoy Your New Home!

Enjoy moving into your new space and making it your own! Congratulations, homeowner!

What is an Offer Date and how does it work?

Tue, 29 Aug 2023 16:18:12 GMT

The most important aspect to marketing and selling a home is a very sharp, and competitive price point that’s inline with other properties currently offered for sale and the recent comparable sold properties. The second is the strategy in which we review and consider offers to purchase. Holding an offer date is a common strategy we use to increase the potential for receiving multiple offers.

Why have an offer date?

We list the property, execute an aggressive marketing campaign, hold private showings for 5-10 days and we do not review any offers or allow buyers to submit offers until a specific day/time. This allows ample time for perspective buyers to do their due diligence, inspections, and second showings before we review offers from any and all interested parties. Once we have collected all the offers, we notify all agents of the competing offers and allow them to make changes prior to final review in hopes to generate a bidding war. This can be a very effective strategy if your home is in tip top condition, competitively priced and in a highly desirable location. Often times, we get phenomenal results for our sellers and the home sells above asking price.

Why NOT have an offer date?

However, there are certain circumstances where holding an offer date may not be the best strategy for a particular property. If the home has been heavily distressed, has material latent deficiencies, priced above comparable sales, and/or is in a less desirable location. In these instances, we will often list the home, withhold showings from 4-5 days before allowing buyers in, and create as much buzz about the property as possible through our marketing efforts before holding any showings. Once we allow showings, buyers at times will feel pressured to write an offer quickly or make a quick decision because they are excited they may not have to compete against other offers on offer night. This can be an effective strategy as well, but ultimately it boils down to your comfort level as a seller and how many other active listings are currently on the market in the same area.

Pricing strategy and reviewing offers is skill that takes a long time to hone, and some call it an art form. For specific tailored advice, reach out to me and I’d be happy to discuss the best strategy for your home.

Drive Up Appeal : Get Your Property Ready to Show!

Sat, 27 May 2023 04:41:00 GMT

When preparing your property to show, work your way from the outside in. It is essential that your home possess a certain “drive-up appeal.” Remember, a potential buyer’s first impression of your house is formed while s/he is still sitting in the realtor’s car. So, first you need to view your house from this perspective. Go stand on the opposite curb and observe your property. Compare it to surrounding properties. Concentrate on the following three areas:

Landscaping

How does your landscaping measure up compared to the rest of the neighbourhood? If you guess it would rate below-average, make a few adjustments. You might want to consider buying some bushes and planting them around the property. Do not buy trees, however—mature trees are expensive, so you will not see a return on your investment. And immature trees don’t tend to significantly improve the immediate appearance of your home.

If the problem with your yard isn’t a case of too little greenery, but rather too much, get out the pruning shears. The purpose of landscaping is to complement the home, not hide it. Overgrown shrubs should be sheared to a height near the bottom of the windows. Remove any ivy clinging to the side of the house. Tree limbs should be high enough that you’re able to walk beneath. Trim any branches that bar the way.

Your lawn should be freshly cut and watered, and an even colour. If there are brown spots, make sure you begin to remedy this well in advance of putting the house on the market. You may want to re-sod areas, and you need to make sure these spots are given enough time to grow, so they will match the existing lawn. Also, if you decide to use fertilizer, you’ll want to allow enough time for it to take effect. Rake up any leaves or grass cuttings.

Planting a few flowers is an easy way to add colour and vibrancy to your yard, enhancing the first impression of your home. Invest in a full flat of mature, colourful flowers, such as petunias or periwinkles, which last the length of the growing season. Do not buy bulbs or seeds—they won’t necessarily grow enough by the time you begin showing to achieve the desired effect. If you don’t have an area in which to plant flowers, consider purchasing a few flower pots for your porch and planting flowers or blooming plants.

If you have a pool, keep it sparkling and leaf-free.

House Exterior

When you view your house from across the street, does it appear weathered or faded? If so, it’s probably time to treat it to a fresh coat of paint. This is usually a sound investment; new paint can do wonders to increase a home’s perceived value.

Stay away from unusual or loud colours. The new colour should fit in with surrounding houses, and complement the style and structure of your house.

Examine the roof closely. Old or leaking roofs should be replaced. If there are leaks, you’ll have to disclose this detail to the homebuyer anyway, and they will want it replaced. If there isn’t any apparent damage, however, wait for word from the home inspector before making repairs.

The Front Door and Porch

The front door and surrounding area should look particularly fresh and welcoming, as this will be the buyer’s first up-close impression as they enter the house. If you paint nothing else, at least give the door a new coat. Replace the doorbell if it is broken and polish the door fixture until it gleams. Wash the mail box. Keep the porch swept and buy a new plush door mat. All of these little things will contribute to the overall effect of a well cared-for and welcoming home.

Ensure the lock works smoothly and the key fits properly. When a homebuyer visits your house, the Realtor will open the front door with a key. You don’t want the buyers’ first experience to be of waiting on the doorstep while the Realtor fumbles with the lock.

If you want to chat about selling your place, call or text Bryan at 204-817-1849.

Your Spring Maintenance Checklist

Tue, 04 Apr 2023 16:36:55 GMT

One of the best parts about spring time in Manitoba is seeing who is first to bust out their summer shorts while temps are still below freezing. With the extreme temperatures and the heavy amount of snow we receive in Manitoba, spring home maintenance is the most important of all four seasons. Keeping up with regular maintenance on your home can keep your home in prime working condition, help mitigate potential damage or risk of a potential insurance claim, prevent breakdowns in your home's mechanical systems, save money long term and keep your home looking its best.

Here's a list of recommended maintenance items you should consider completing from March - June:

▢ Consider shovelling the snow 3-4 feet away from your foundation to help avoid basement seepage during spring melt

▢ Put down your downspouts and ensure they are at least 6-8 feet away from your homes foundation

▢ Ensure your sump pump is fully functional

▢ Attached your sump pump house and extend to edge of property when temperatures remain above freezing

▢ Remove debris from gutters/downspouts and clean up dead branches

▢ Clean window and door screens, and power-wash windows, siding and stucco

▢ Check faucets and flapper in your toilet tanks

▢ Check your pipes for any signs of leaks or potential leaks

▢ Sweep, clean and refinish the deck if needed

▢ Check roof for missing or loose shingles

▢ Address any low-hanging, shifted or damaged eavestroughs

▢ Clean or replace furnace filter to remove dust build-ups

▢ Clean or replace HRV system filters

▢ Reseed lawn, filling in bald patches before summer heat and consider fertilizer treatment if necessary

▢ Rinse off/clean air conditioning unit fins with garden hose or have AC unit serviced

▢ Vacuum lint from dryer vents

If any recommended home repairs and maintenance go beyond your skill level or lead to more complicated projects, consider hiring a professional to help. We have great connections in the trades, and would be happy to put you in touch with someone who can assist you if need be.

Keeping up with these small tasks now could save you thousands of dollars long term, and keep your home show ready should you be in a position where you need to sell on shorter notice.

Have you completed any recent renovations to your home? Or maybe you're just curious about your home's up to date market value? I'd love to connect with you and provide a free, up to date evaluation.

Book an evaluation now!

A Balanced Market is Good For Everyone

Mon, 24 Oct 2022 19:25:49 GMT

A Balanced Market is Good For Everyone…Even Sellers.

As we closed out the third quarter, we are no longer in a shifting seller’s market, but now fully shifted into a balanced market.

In September the total number of sales decreased 11% over the 5-year average, new listings coming onto the market in September were up 12% from last year. The combination of fewer sales and more listings is helping restore balance to a local market that had been well entrenched in sellers' market territory earlier in the year. As a result, active MLS listings — or current inventory of 3,897 at the end of the third quarter — is up 37%.

What does this mean? Or how might this affect you?

Move-up Sellers:

-more predictability with the final sale price of your home

-a clearer picture on how long it will take your home to sell

-more homes to choose from on your next purchase

-buying first or selling first are both options in a balanced market

Buyers:

-more homes to choose from

-less pressure to act quickly when you find the perfect home

-less bidding wars

-often times you can write in conditions to your offer in a balanced market (financing, inspection, etc)

Downsizing Sellers:

-more predictability with the final sale price of your home

-a clearer picture on how long it will take your home to sell

-more options to choose from with condos, townhomes, and single family homes on the market now

-buying first or selling first are both options in a balanced market

There are some fabulous opportunities in a balanced market environment. Instead of homes being priced in a compelling manor, waiting for multiple offers to roll in and seeing what the market dictated selling price wise; now competitively priced homes are still selling quickly but relatively close to asking price.

Predictability and consistency in our balanced market benefit everyone.

How Will Interest Rates Affect the Winnipeg Market?

Mon, 16 May 2022 17:29:13 GMT

For the first time in my career I’ve seen banks raise interest rates by incremental amounts for 7 weeks in a row… 7 weeks in a row! Interest rates are an integral part of the home buying and selling process. Daily I get asked about rising rates and how they will impact our local market. There’s no secret the federal government is increasing interest rates to help combat the hot seller’s market across the country.

Winnipeg has always been, and will continue to be somewhat insulated from interest rate hikes effecting our market. With our average sale price right around $450,000, the collective rate hikes will only increase the average monthly mortgage payment by $150/month.

The average home purchaser in Winnipeg can battle these rate increases simply by developing a tighter monthly budget or not purchasing a home up to their max pre-approval amount. In larger cities with much higher average sale prices, the increased monthly mortgage payment will push the average buyer beyond just budget tightening and may even price them right out of the single family market altogether.

While we are starting to see a pricing correction in other major housing markets across Canada, we are going to see more of a pricing plateau here in Winnipeg, not a correction. Our market is simply too affordable for rising interest rates to have a negative impact on our average sale price. Even when the housing bubble ‘burst’ in 2008, Winnipeg still saw its average sale price increase when many cities across North America saw a dip.

So what do you do if you are negatively affected by rising interest rates? What do you do if you’re priced out of buying a single family home? It’s time to climb the property ladder and look for other equity building real estate options. That information and more in our next quarterly update. Or you give me a call or text now. I’d love to help.

Manitoba First Time Home Buyer Info

Tue, 10 May 2022 05:06:00 GMT

Manitoba, Where the Spirit Lives

The province of Manitoba is between Saskatchewan and Ontario. It contains rich farmland in the south and cooler arctic weather in the north, with many lakes and rivers in between. More people are moving to Manitoba because of its affordability, diverse economy, and low cost of living. It also has a reputation for having a friendly and welcoming community. The affordable housing in Manitoba is ideal for many, especially first-time home buyers. If you are thinking about buying a house in Manitoba, you should consider a few things before you start your real estate hunt.

Best Cities in Manitoba To Live In

Manitoba’s capital city, Winnipeg, is an amazing choice for those looking for good transit, strong healthcare, and culture. The second-largest city, Brandon, is another fine choice. In reality, the province is so diverse that it is quite easy to find the perfect city or town for your lifestyle.

How Much of a Down Payment Do I Need?

A down payment is a sum of money you put towards purchasing the home right off the bat. Not many people are able to afford a house with what’s in their bank accounts, so instead, they save up as much as they can (down payment) and take out a loan (mortgage) for the rest. In general, the higher the down payment, the lower the overall mortgage.
A good rule of thumb is to save up about 20% of the listing price as your down payment. If your amount is less than 20%, you may need to get additional Mortgage Loan Insurance from your broker. For many first time home buyers in Manitoba 20% saving 20% is not a realistic option. Buying a home with 5% for your down payment is very much possible.
See the table below to give a general idea of what 5% and 20% look like as down payments for home prices.

Using a Tax-Free Savings Account or Registered Retirement Savings Plan (RRSP) for a Down Payment

You may use either your TFSA or RRSP for your down payment. Drawing out money from your RRSP is an option under the Home Buyers’ Plan (HBP). The catch is that you can only take out a maximum of $35 000, and you will need to repay it over time.
A TFSA is a great alternative. When it comes time to withdraw the funds, it comes out tax-free. There are some downsides, like no protection from creditors, but usually, the flexibility outweighs any potential drawbacks.
Ultimately, the choice is yours, depending on what your situation looks like. If you are unsure, it may be good to discuss this with your Mortgage Specialist.

Incentives, Grants, & Tax Credits to Help With Your First Home Purchase in Manitoba

First-Time Home Buyer Incentive

Homebuyers in Canada looking to purchase their first home can benefit from the First-Time Home Buyer Incentive. The program provides between 5%-10% of the home’s purchase price for the buyer to put towards a down payment. This reduces the overall cost, meaning a slightly lower mortgage payment right from the beginning.
Note: The Rural Homeownership Program was another option for low-income Manitoba residents. At the writing of this article, it is not currently available but may become so again in the future.

First Time Home Purchase Program

The First Time Home Purchase Program is available for Metis residents of Manitoba. If approved, the program covers the down payment and a portion of the closing costs. This program is not retroactive, meaning if you already purchased your first home and are now seeing this, it is too late. The approval for the program has to come before the purchase of your first home.

First Time Home Buyers Tax Credit

The First Time Home Buyers Tax Credit is available for Manitoba residents purchasing their first home and homebuyers with disabilities. A credit of up to $750 can be applied to your tax refund during tax season.

Basic Mortgage Terms

Amortization Period

When you apply for your loan, the lender will want to know your amortization period. This means they want to know how long it will take you to pay it all back. Do you want a 15-year term? A 25-year term? This matters for two reasons. First, the more time you have to pay something back, the smaller your payments will be. Second, the downside is that interest builds continuously. Although your payments are smaller month to month, the overall amount you pay is higher because the interest is in the background, building with each passing month.

Interest Rate Types

Fixed and variable are the most common interest rate types. As you take out a loan, there will be a percentage on top of the loan amount (the principal) that you will need to pay back. Each month, this interest accumulates based on how much of the principal is left. Choosing the correct interest rate can help save you money, live within your means, and protect your homeownership.
A fixed-rate remains the same for the duration of the mortgage. You will always know your payment because it won’t change. The downside is that yours will remain the same if rates go down. On the contrary, you are locked in at a lower rate if rates go up, so you benefit that way. Fixed rates are typically slightly higher than variable rates but do offer some peace of mind with no surprises on the payment amount.
A variable-rate fluctuates with the market. Some years it might be extremely low, other years, it might be so high that you could struggle with your payments. On the extreme high end, a homeowner could lose their home to the bank from not being able to pay their mortgage. This could either save you a ton of money or risk losing it all. It is tough to predict what interest rates will look like in the future. Another aspect of variable rates is to ask if there is a convertibility feature. This is an option to jump from a variable rate into a fixed rate within your term. Additional fees and conditions may apply.
Mortgage Pre-Approval A mortgage pre-approval is a conditional promise from a lender that it will loan you a certain amount of money, at a specific interest rate, with certain terms. It’s typically a first step in the mortgage approval process, in which the lender tentatively approves you as a borrower. It is in no way a guarantee though, as the lender will next need to approve the property you are buying. There is a significant number of benefits of a mortgage pre-approval for first time home buyers.

“Open” or “Closed” Mortgage

Hit it big with a lotto win and want to suddenly pay off the rest of your loan at once? This is possible with an open mortgage. You can also renegotiate your terms if you have this type of mortgage.

Extra Costs of Buying a Home

First time home buyers in Manitoba should be aware that there are extra costs to buying a home, which refer to the bits and pieces here and there that all add up. Some examples of extra costs: > Purchasing appliances like stoves, washers, dryers, etc. They don’t always come with the house. > Closing Costs, which include land transfer taxes, utility adjustment costs, property taxes, legal fees, etc. This can easily be $5000+ on top of your down payment and mortgage. > Home Insurance > Home Maintenance. Some problems or wear-and-tear situations may arise shortly after moving in or in the months to follow.

How Much Do I Need to Cover the Extra Costs of Buying a Home?

It varies on where the home is located and if the appliances are part of the deal or not, etc. Budgeting around $10 000 is not a bad idea. If you don’t need all of it right away, it can be put away for future home maintenance projects. However, you may need more for those top-of-the-line appliances or premium home insurance rates. Your realtor may be able to give you a ballpark number to aim for, based on their experience with the market.

Is Your Realtor Doing Enough to Find You a Home?

Wed, 04 May 2022 18:31:17 GMT

If you've been looking for a home and consistently striking out, it's time to ask if your agent is doing enough to find you a place. It isn't easy for buyers out there right now, but there are ways to make the experience more fruitful.

It’s time to ask yourself: is my agent doing enough?

Are they looking for off market properties on the daily? The deals are out there, and they don’t always hit the MLS.

Are they advising you to write competitive offers? High deposits, minimal conditions, and pre offer home inspections are great strategies to score your dream home in multiple offer situations.

Lastly, are they writing compassion letters for you? Sellers are highly emotional–this is their home they’re selling after all–so a great, well written letter on why you are the right candidate for their home is great way to stand out in a bidding war.

Is your agent exhausting all avenues for you?

How to Choose the Right Realtor

Wed, 04 May 2022 18:30:11 GMT

There are so many options when it comes to real estate agents, and it can be hard to figure out how to choose one that's right for you. Here are some things to look for when choosing a Realtor!

What is their marketing plan?

Do they just put a few pictures up on the MLS, put a sign in the yard, and wait for it to sell? If so, you need to ask for more. A Realtor should have a full marketing plan to present to you, including a social media plan with paid ads, a web strategy, and even print marketing in some select cases.

For more info on our marketing plans, click here.

How many homes do they sell?

Experience matters, especially when you’re making one of the largest financial decisions of your life. You need a realtor with a pulse on the market, who has all the right connections and industry knowledge to properly position your home and attract the best offers.

How fast do they sell homes?

Selling a home can be stressful! Vacating for showings, keeping your space pristine and decluttered, and even making space for staging can be an arduous process. Why drag it out for longer than you need? Ask for an agent’s average days on market to ensure you’re working with someone who will make the process as simple and painless as possible for you.

Do they typically sell homes above or below asking price?

It’s a common myth that all homes are selling for above asking price. While it’s true that bidding wars have increased as of late, you still do see improperly managed listings sitting on the MLS for months at a time, subject to price reductions before they can sell. This can be detrimental; if your house keeps showing up in searches without buzz, people will assume there’s a reason for that and stay away. It’s important to get it right the first time, with an agent who knows how to get top dollar for your home.

If you have any questions about our successes and strategies, reach out to Bryan at 204.891.3083.

Don’t Wait, Buy Now!

Wed, 04 May 2022 18:26:58 GMT

There are a lot of reasons people hold off on buying a home. They may want to wait until they can afford a more luxurious property, or feel they have to buy at a specific time of year, or want to make sure the first house they buy is their dream home. However, the best strategy is to get into the market as soon as possible and build up equity!

In Winnipeg, over the last 45 years, our market has increased 5% each year on average. This means if you wait and save up for your dream home instead of just purchasing what you can afford at the moment, you’re losing out on a ton of equity in the long term, not to mention how much you may be sinking into rent every month.

Also, it may not seem like it, but our market in Winnipeg is one of the most affordable in the entire country. This means that while even a starter home could be out of reach in places like Vancouver or Toronto, Winnipeg residents have a fantastic advantage when it comes to owning property.

If you’re interested in getting into the market, reach out to Bryan at 204.891.3083.

How Much Has Your Home Increased in Value?

Wed, 04 May 2022 18:24:39 GMT

It's been a crazy few years in the Winnipeg real estate world, and you might be surprised just how much your home is actually worth. In fact, in 2021, the average Winnipeg home increased by 11%. What does that mean?

If you bought a 500k home in 2020, your home increased in value $150 every day, $1055 per week, $4520 each month, and $55,000 on the year! This is an incredible value increase.

For 2022, we’re forecasting an 8% increase in value again, but it could potentially be even more lucrative. This is why we’re suggesting getting into the market as soon as you can, to start building valuable equity.

Also, if you already have a home, it may be worth more than you realize. For a free evaluation on your home, reach out to Bryan at 204.891.3083.

Simple Ways to Go Green at Home

Tue, 28 Sep 2021 20:19:08 GMT

Many homeowners think that expensive solar panels and smart home gadgets are the only ways your household can adopt more eco-friendly practices. However, we’re here to tell you that there are simple tips anyone can implement at home to be a little friendlier to the planet – and your wallet!

SWITCH TO LED LIGHT BULBS

LED bulbs are much more efficient than incandescent bulbs, which means they have a much longer lifespan, lasting more than 20 times that of their incandescent counterparts.

USE COLD WATER TO WASH YOUR CLOTHES

75%–90% of the energy your washer uses goes to heating the water, which is most of the time an unnecessary step. Hot water is actually known to set stains, and cold water will get your clothes just as clean!

LINE-DRY WHEN POSSIBLE

Dryers are not only tough on the environment, but they’re rough on your clothes too. Air-dry whenever you can, and your clothes will retain their shape and last longer.

INVEST IN WINDOW TREATMENTS

Reduce your air conditioner usage by installing curtains or blinds, keeping the sun out and your home cool in the summer. Window treatments will also give your home a nice interior design upgrade.

USE CLOTH KITCHEN TOWELS, NOT PAPER TOWELS

Not only are cloth kitchen towels reusable and therefore the more eco-friendly option, but they add a luxurious element to the look of your kitchen, unlike paper towels.

PURCHASE A WATER FILTER

You will recover the cost of a water filter in no time when you stop buying cases of water bottles. Less than 10% of the price of bottled water goes towards the water itself – most of the money is spent on packaging, shipping and marketing costs. A reusable water bottle is also a great way to keep plastic from our landfills.

KEEP THE OVEN DOOR CLOSED

We know – it’s tempting to keep checking on those chocolate chip cookies. But try to do so without opening the oven door. Your oven temperature can drop by 65 degrees Celsius just from opening the door for 30 seconds.

TURN OFF THE TAP WHILE BRUSHING YOUR TEETH

No need to keep the water running while you brush. Same goes for shaving!

COMPOST YOUR VEGETABLE WASTE

Instead of trashing your potato skins, carrot tops and broccoli stems, toss them in a compost bin in your backyard. Soon you’ll have free vitamin rich soil to use for gardening.

The Most Effective Ways To Boost Your Home's Value

Thu, 09 Sep 2021 19:41:52 GMT

If your current house isn’t intended to be your forever home, or you purchased the property as an investment, you can speed up the home’s increase in value over time by making smart improvements. According to a cross-Canada survey of over 750 Royal LePage real estate experts, there are some clear winners when it comes to home renovations. Let’s take a look at how these improvements stack up:

Kitchen Renovation: Increase of 12.5%

The key to a good kitchen remodel is to open up the space. Whether you have to knock away walls or just rethink the layout, prioritize the open concept floor plan that buyers are after. There’s no use spending thousands on top quality appliances if they’re going to be crammed in a small corner. If you are renovating primarily for resale value, it’s a good idea to select colours and finishes that compliment each other, and are easy to match with décor. ‘Neutral’ does not have to mean ‘beige only’; but muted colours will go over better with buyers than bright, saturated hues. Countertops remain important, so choose yours carefully. Granite is still highly popular, but quartz and solid-surface have come into favour as of late. If you have the budget, marble is highly desirable for higher end buyers.

Bathroom Renovation: Increase of 12.5%

When tackling a bathroom remodel, consider upgrades you can add to increase the ‘wow’ factor of your home. Transform the look of the space with stone or ceramic tiles, and add in heated floors for an extra feature. Splurge on a beautiful bathtub, and add jets for a unique touch. The biggest ticket upgrades will be in the tiles and plumbing, but there are small things you can do to improve the value of your bathrooms. Swap out fixtures such as lights and handles, and buy a large, attractive mirror to make the space look more expansive.

Finishing the Basement: Increase of 12.5%

There are many buyers who have a finished basement on their list of ‘must haves’. By forgoing this step before listing your place, you could be missing out on multiple offers. When you go to make your renovation plan, think about function. Does your home need another full bathroom? Is the basement suited to support a big rec room, or would a bedroom and home office be a better use of the space? Basements can often look dark and gloomy, so invest in plenty of lighting to brighten up the space. Repaint with this in mind as well; choose light colours to avoid the ‘dungeon’ look.

Eco-Upgrades: Increase of 10%

Saving the planet and getting you a better sale price: going green is a no-brainer. Windows are the obvious first choice for an eco-upgrade. Energy efficient windows act as an extra layer of insulation, and help maintain an optimal indoor temperature. Think of the areas of your home that are the worst on the energy bill. Insulating your attic and garage can make a big difference, as can a brand new garage door. Consider installing solar panels, if you have the budget. This kind of upgrade is sure to grab the attention of energy conscious buyers, and can very well be the determinative selling feature.

Installing a Basement Apartment: Increase of 10%

There is a lot to consider when building a basement apartment. You will have to deal with zoning laws to ensure the bedroom meets egress, you will have to invest in an exclusive exterior entrance to the suite, and you will have to ensure the basement is on an independent heating and cooling system. However, if you are looking to sell to a property manager or landlord, this can be a game changer for your home. Consult with a real estate professional before making this leap. Call or text Bryan at 204.891.3083 if you’re considering building a basement apartment.

Landscaping the Yard: Increase of 7.5%

Making a great first impression is huge for buyers. For more info on how to improve the look of your yard, read our blog on drive up appeal here.

Interior Painting: Increase of 5%

Even if your home already has modern, attractive colours, a fresh coat of paint can have your house smelling and looking like new.

Exterior Painting: Increase of 5%

The colours on the exterior of your house can make a big difference in making your home look new and modern. Pay attention to current home trends and choose colours that complement each other without being too extreme.

Adding a Deck: Increase of 2.5%

Adding a wooden deck to your home can be one of the most cost effective ways of immediately improving its value. It’s more affordable than its composite counterpart, but requires more diligent upkeep in areas with extreme weather, so if you’re still many years away from selling, it may save you money in the long run.

Adding a Pool: Increase of 2.5%

To determine whether it’s worth it to add a pool to your backyard, consider your home’s current value and the area you live. If many of your neighbours have pools, you can safely assume it will be an attractive bonus to those looking for houses in your area. However, if your backyard is on the smaller side and pools are uncommon in your area, then you may find that the investment won’t be recouped when you go to sell.

To discuss these and other options for investing in your home, call or text Bryan at 204.891.3083.

Should You Rent or Own?

Mon, 30 Aug 2021 19:54:00 GMT

To rent or to own? It’s a constant debate among those looking to make a change in their living arrangements. Whether you’re someone moving out for the first time or someone who has rented for years, making the leap to home ownership is a big deal.

The main barrier to entry for those thinking of owning their own home is the upfront cost. The down payment, closing costs and taxes can seem daunting, and result in a potential buyer deciding that purchasing a home isn’t going to make enough of a price difference for them. That’s why we’ve broken down how much you can save over time, by comparing and contrasting similar homes in Winnipeg’s St James.

COST COMPARISONS

1. APARTMENT, 2 BEDROOM, 1 BATHROOM, 959 SF

Open concept living/dining room, master bedroom with small walk-in closet, good sized balcony.

Upfront Cost
$1000 security deposit

Monthly Cost
$1350 monthly rent (with possible yearly increases)
$20 insurance
$50 storage locker
$40 parking spot
$1,460 Total

Yearly Cost
$17,520 Total

Total Cost After 5 Years
$87,600 Total

2. APARTMENT STYLE CONDO, $125K 2 BEDROOM, 1 BATHROOM, 880 SF

Open concept living/dining room, master bedroom with small walk-in closet, good sized balcony.

Upfront Cost
$8,750 – $9,375 (5% minimum down payment plus closing costs

Monthly Cost
$522.96 monthly mortgage, $465.11 condo fees
Water included
$80 hydro
$40 insurance
$150.48 taxes
$1,258.55 Total

Yearly Cost
$15,102.60 Total

Total Cost After 5 Years
$75,513 Total

Resell Value After 5 Years
$132,000

3. HOUSE, $200K 2 BEDROOM, 1 BATHROOM, 957 SF

Front porch, good sized kitchen, open concept floor plan, back deck and fenced in yard, plus a large unfinished basement not included in square footage.

Upfront Cost
$14,000–$15,000 (5% minimum down payment plus closing costs)

Monthly Cost
$836.74 monthly mortgage
$50 water
$80 hydro
$195.03 taxes
$90 insurance
$1,251.77 Total

Yearly Cost
$15,021.24 Total

Total Cost After 5 Years
$75,106.20 Total

Resell Value After 5 Years
$230,000
As you can see, the upfront costs can be much higher when purchasing a home, but you are paying less on a monthly basis, while building equity for your future.

Note: Resale value stats were an average of 5E, 5F, 5G, 5H sold. YTD totals Dec. 2015 compared to Dec. 2020. All numbers are estimates but deemed to be correct.

LIFESTYLE COMPARISONS

There’s more to consider than just cold hard cash. This is going to be your home, and where you live significantly affects your daily life, big picture plans, and overall happiness. Let’s take a look at the pros and cons of living in each home specified above.

1. APARTMENT, 2 BEDROOM, 1 BATHROOM, 959 SF

Living in an apartment, you will be subject to the rules of the landlord and property manager. This particular building does not allow pets, vaping/smoking, and loud music after 11pm. You will also not have any freedom to customize your place with changes such as painting or minor renovations, so if you’ve been wanting to try your hand at trendy home DIYs, they will have to remain on your Pinterest board a little longer.

This building also only allows for one parking spot per suite, so if you are planning on sharing this space with a roommate or partner, one of you will have to find street parking.

As for laundry, there is a laundry room in the basement of the building, not in the suite itself.

Now, these drawbacks may not be dealbreakers for you. You may be attracted to the kind of freedom apartment living will bring. With only a yearly lease and sublet opportunities, you don’t have to commit to a neighbourhood, building, or even city for the long term. If your life plans are currently in a state of flux, with a career or family change on the horizon, it can make sense not to put down roots with a house or condo.

2. APARTMENT STYLE CONDO, $125K 2 BEDROOM, 1 BATHROOM, 880 SF

A condo will offer you much more freedom than an apartment, but there are still some limitations. You still won’t be able to smoke or vape at will, but you can have a cat or small dog with their pet policy, which allows animals up to 18”. The Great Dane or St Bernard puppy will still remain a dream for the future! As for customizations and renovations, you will need to petition the condo board for approval before going forward with your plans. Paint and minor renovations will be approved, but don’t count on getting the green light for any major overhauls.

One outdoor parking spot is included, and there is coin operated laundry in the building (not in suite).

Many people see condos as a good balance between renting and purchasing a house, and that is certainly true. You still have some restrictions on your freedoms, and have to deal with everything that comes of sharing walls, parking lots, and laundry machines with strangers, but it does allow you to start building equity with a less steep up front cost. Keep in mind, though, that condos will not have the resale value a house will. This is partly due to the general market demand for condos, and partly due to the fact that you won’t be able to make the structural upgrades that increase house prices.

3. HOUSE, $200K 2 BEDROOM, 1 BATHROOM, 957 SF

When living in your own house, you have ultimate freedom to set your own rules. Want to convert the second bedroom into a walk-in closet? Go ahead. Want to put a bathroom in the basement? Great idea! Want to adopt an entire sled dog team? Your house, your choice! Of course, this freedom also means that you are responsible for all repairs and maintenance that may arise.

However, much of the money you put into the house will eventually be seen as added value when it comes to selling.

Laundry is right downstairs, and this house has a single garage and driveway, allowing for ample parking space for residents and guests.

NEXT STEPS

Did this make you rethink renting? Good! Nobody likes to waste money.

The initial costs of owning a home are where a lot of people struggle and that’s normal. It’s not always easy to save up, just know that it is possible. Setting a budget is not meant to restrict you and your living situations, it will allow for more freedom and help you reach your goals. Set a goal that’s right for you.

Considering a condo or starter home? Let’s chat! Even if this isn’t in the cards for you for another couple of years, I can help you figure out your home-ownership goals and guide you down the right path! Call or text Sam at 204-930-7930.

The Secret to Selling a Vacant Home

Fri, 27 Aug 2021 20:21:13 GMT

So you’ve got a vacant house. Maybe you’ve already moved out, maybe it’s a former rental property, or maybe it’s an estate matter. Either way, there’s no furniture in the space, giving it a barren look that would be difficult for a potential buyer to get excited about. What now?

It’s no secret that staging can be a game changer when it comes to selling. On average, we see a 8-10% increase in final sale price for a home that’s staged versus one that’s left empty. For this reason, The BAM Group will sometimes offer to cover some of the staging cost.

However, there are times when full staging just isn’t feasible. Enter digital staging! Digital staging is a process using 3D technology where furniture is digitally placed in a photograph of an empty room. The technology is so good, you often can’t tell the home is actually unfurnished!

We recently sold a vacant home in the deer lodge area and chose to digitally stage it. You see the results below:

It’s amazing how much this treatment can help a buyer visualize the space as a home, and therefore be more likely to write a competitive offer.

We’ve seen the benefit of this practice firsthand. We went into a condo building with several units up for sale, and we were the first to digitally stage ours. We were also the first to sell in under 12 days in the entire building.

Another success story played out when we took over a listing from an agent who was having no luck selling the home. We digitally staged it, and it sold in only four days. These few examples alone should be enough to convince you of staging’s merits, and we have countless others.

So if you have a home that’s sitting empty, or sitting on the MLS with no traction, give us a call. We can help you digitally stage the property and get it sold! Call or text Bryan at 204.891.3083 for more information.

Inexpensive Ways to Add Value to Your Home

Thu, 12 Aug 2021 21:13:57 GMT

Watch our video here!

Everyone knows that adding a bathroom and replacing your furnace will up the value of your home, but what about things that won’t break the bank? Here are just a few ways you can get a higher price for your house without spending a fortune.

Repaint

A fresh coat of paint, inside and outside, really will do wonders for your home. It will not only leave your place looking fresh, but it’ll make it smell fresh and new as well. Take this opportunity to neutralize any bold or uncommon colours, modernize the look of your place, and give it a much needed update.

Swap out your Fixtures

Instead of spending an arm and a leg on new cabinets, flooring, or major renovations, head down to the hardware store and swap out your dated fixtures for something new. Replace the lighting throughout your home with attractive fixtures and new lights to brighten up your place and update the style. In your kitchen, replace the handles on your drawers and cabinets with something cohesive and modern, and swap out any dated sinks, faucets or showerheads in your bathrooms.

Landscape your front and back yard

Curb appeal is huge; you only get a chance to make a first impression once. That’s why it’s a good idea to invest in a little landscaping. Make sure your lawn is green and nicely cut, and consider adding a woodchip or rock garden on either side of your driveway. Also, is your home still rocking the same gold house numbers from the 80s? Might be time to look at picking up some more modern numbers that will immediately change the look of the front of your house.

Get those rubber gloves out for a deep clean

It might seem like a obvious point, but you would be surprised how many sellers don’t think to really clean their home before showing it. It’s not enough to give the floor a quick vacuum; I would suggest giving all surfaces a full deep clean and even paying for a professional carpet cleaning service to really put your best foot forward for the open house.

It doesn’t need to cost an arm and a leg to get your house ready to sell. If you’re willing to invest just a bit of time and effort into your home, you’ll see that rewarded with more offers and higher bids. If you need more advice on getting your house ready for the market, give me a call or text at 204.891.3083.

How to Write a Winning Offer in a Competitive Market

Fri, 23 Jul 2021 19:19:32 GMT

Watch our video here!

Writing a competitive offer in this market is important, especially in a multiple offer situation. Here are some tips to keep in mind to ensure you’re giving yourself the best shot to get your dream home!

Put forward a sizable deposit

Deposit size is a sign of good faith that you are serious about moving forward with the deal. It’s not always possible, but if you do have the savings on hand, it’s a good idea to put down as much as you are willing to spend. Many people think it’s all about the final dollar number, but we have seen sellers leave money on the table pricewise because the deposit is so generous.

Write an Unconditional Offer

In this market, we suggest writing as few conditions into the offer as possible. Home inspections can scare sellers, and if there are 5 other offers on the table with no conditions, you can bet they will go with one of those. Therefore, if a home inspection is important to you, there are a few ways to get creative to ensure that you get that inspection done before offer date, so you can go forward with a great offer and full confidence in the home.

If you’d like to chat about how we can make this happen for you, give me a call at 204.891.3083!

Appeal to Emotion

Oftentimes, the house you’re viewing is a home with a long history of memories. It may have been where the sellers got married, set up a now-successful business, brought home their baby from the hospital for the first time, or taken their kids’ graduation photos. For this reason, sellers are often reasonably emotional about their home, and will connect with a buyer who will appreciate the same things they did about the property. So, when you’re viewing the house, as you’re considering the hardwood floors and appliances, also take the time to learn a little about the current residents.

This doesn’t mean to go snooping through their drawers or looking in their fridge, but make note of their choice of artwork, family photos, and hobbies they might have set up around the place. Then, write something personal into the offer to show that you have respect for the home and the seller. It won’t make the seller abandon tens of thousands of dollars, but if they’re torn between two similar offers, it could make all the difference.

Come Out Strong

Some buyers don’t want to go to their top price in their first offer, in hopes that they can negotiate when the seller comes back to them. The truth is, in this market, that second call back may not be coming. Sellers are often overwhelmed and stressed out, and don’t want to go back and forth in negotiations. Identify what your best price is and offer that number right out of the gate. I’ve seen buyers risk it by offering low, then having the property go to someone else for a number they were prepared to pay anyway. It’s not a good time to gamble!

Have you or someone close to you been involved in a bidding war? If you can think of someone who could use this advice, send this article to them! And if you are looking to buy a home in this market, call or text 204.891.3083. Let me win you a house!

4 Myths About Buying a Home, Debunked!

Thu, 15 Jul 2021 20:35:51 GMT

Watch our video here!

Any homebuyer will tell you there's a ton of conflicting advice out there to sift through! Here are some of the most common myths floating around about buying a home.

MYTH #1

I can always get a home inspection when going to buy a home.

This is actually false. 58% of homes are selling above asking in bidding wars, and many offers are being written with only a financing condition, or sometimes no conditions at all. This means adding a home inspection condition into your offer could mean the difference between you getting that home and losing it to another buyer.

If a home inspection is important to you, there are ways we can get creative and get one conducted prior to offer date, so you can write a strong offer with confidence. If you want to hear more about how this can be done, give me a call at 204.891.3083.

MYTH #2

I have to pay a real estate agent as a buyer.

This is a common misconception. Realtors actually get paid through the seller, so working with an agent is a free service to you as a buyer. The commission is posted online, and we know what we’re going to get paid before even going to show a house. Seeing as an agent can offer you guidance, advice and connections that can only come with years of experience, here’s no reason to try to go it alone!

MYTH #3

Everything is selling above asking price.

It’s true that in 2021 we are in a sellers’ market. 58% of homes are selling above asking price, but that leaves 32% selling below and 10% selling right at asking price. We are seeing most of the activity in the first-time homebuyer’s category, in the 250k–400k price range.

MYTH #4

I’ll find my dream house first and get pre-approved after.

This is not the best way to do things, and has resulting in many disappointments for buyers. If you wait to find the perfect home before getting pre-qualified, by the time you get everything in order that house might be snatched up. Instead, head to the market with that pre-approval in place, so you can hit the ground running ready to make a great offer on a house you love.

If you want more advice or information on buying in today’s market, call or text me at 204.891.3083.

The Best and Worst Months to Sell Your House

Thu, 15 Jul 2021 20:12:49 GMT

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I get so many questions from sellers about timing the market; when should you sell your house? The truth is, in a sellers’ market like the one we’re in right now, there really is no bad time to sell your home. It’s more important to wait until you and your home are 100% ready to enter the market, rather than rushing to hit the right month or season.

The only period of the year I would avoid is that two-to-three-week period surrounding the holidays. At this time, buyers are not focused on house hunting. Their mind is on family, friends, and holiday traditions.

Two months I really love selling houses are March and April. This might seem counterintuitive, as there’s still snow on the ground and you won’t be able to show off your beautiful lawn or new shingles.

However, serious buyers are diligently looking at this time, eager to buy in the early spring to beat the summer rush. If you look at the MLS data, record high prices are actually found in this perfect sweet spot between the cold winter and busy summer.

If you want to chat about any of this information or get some more personalized advice on selling your home, shoot me a text at 204.891.3083.

4 Myths About Selling Your Home, Debunked!

Thu, 15 Jul 2021 20:01:01 GMT

Watch our video here!

In my work as a Realtor, the same few falsehoods keep cropping up. I want to dispel some common myths I’ve heard, and hopefully set you up for success when you decide to enter the market as a seller.

MYTH #1

People will NOT use my bathroom.
Believe it or not, this is false. Often, buyers are going to multiple back-to-back showings in one day, and after a few hours of viewing homes, people have to do their business! Now, most people who are coming through your home will be respectful, but from time to time it will happen. So, make sure it’s clean!

MYTH #2

My home’s worth is equal to the city assessment.
It’s simple: a home is worth what someone is willing to pay on an open market. City assessments can be used as a guideline when going to price your home, but don’t go into the process set on that number. As a Realtor, I’ve sold homes as much as hundreds of thousands above the city assessment, and I’ve sold homes hundreds of thousands below the city assessment.

MYTH #3

Staging will not help sell my home.
We see as much as 8-10 more for a house that is presented properly vs one that is vacant or not presented properly. A stager can do a range of things to get your home ready for the market. It’s true that they can completely change out your furniture and décor, working from scratch to create the perfect environment for your target market, but they can also work on a smaller scale, bringing in accessories and artwork to fill out the space or swapping out some items to declutter and depersonalize the home. The same pieces that made your home undeniably yours may limit a potential buyer from being able to picture themselves in the house, which could lose you a valuable offer. We always recommend all of our sellers at least consult with a stager before going to market.

MYTH #4

Everything is selling above asking price.
Now, many homes right now are certainly selling above asking, 58% to be exact. However, it’s not a guarantee by any means. We are seeing most of the activity in the first-time homebuyer’s category, in the 250k–400k price range. This is why it’s still important to rely on strong marketing and the market expertise an experienced Realtor can provide.

If you want any more information about these myths or want to chat about selling your home, reach out to me at 204.891.3083.

Is There a Pricing Bubble in Winnipeg's Housing Market?

Thu, 15 Jul 2021 15:26:20 GMT

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Is there a pricing bubble in the Winnipeg real estate market? This is a common question right now, with good reason. In 2021, our market has seen a 15% growth, which is simply not sustainable.

However, I’m here to make the case that we aren’t going to see a crash any time soon, and leave you feeling confident in the future of Winnipeg’s real estate market. Looking back at historical data, from 1977 to 2021 our market has increased yearly by 5.3% on average. This kind of reliable growth shows that our market is very steady and stable.

You probably know at least one person who has made an offer on a house, and then become embroiled in an insane bidding war that results in the home selling far above asking price. Perhaps this is an experience you have had yourself. While this is a stressful thing to go through, we can clearly see that these bidding wars are driven by three main factors:

LOW INTEREST RATES
In Canada, interest rates are at an all time low, encouraging those who were on the fence about purchasing a home to pull the trigger.
LOW SUPPLY OF GOOD HOUSING

There just are not enough people willing to sell their homes right now, creating a short supply of good houses on the market. As more and more people become comfortable selling, we will see the market stabilize.
EXTREME HIGH DEMAND

Everyone wants to buy a home right now! As more and more of the workforce has had to set up home offices and conduct their business from their kitchen or living room, and people have had more time to invest in DIY projects, spacious houses are looking much more attractive than small apartments. This sudden lifestyle change–coupled with low interest rates–has caused a rush to buy, creating an intense demand in the market.

But we are not going to see a sudden crash or bubble burst in the future. Instead, we are going to see prices plateau. As we gather more data about what homes are selling for, homes will be priced more reasonably right out of the gate, discouraging bidding wars and massive spreads between list and sale prices.

For instance, right now a house that is priced at $399k will trigger a bidding war and sell for $485k, resulting in a price difference of $86k. As the market stabilizes, that same home may be priced at $460k instead. It may still go into multiple offers and sell for $485k, but we aren’t going to see the huge spreads that we are seeing now.

If you want to chat about how this information can relate to you, call or text me at 204.891.3083.