What a more balanced market means
By now, you’ve probably heard the stories: bidding wars have slowed drastically (although the still DO happen), and houses are sitting, waiting for buyers to make an offer.
Good for buyers, not so great for sellers?
After the last 10 years of crazy and sometimes reckless bidding, this must come as a bit of a shock to sellers, but a more balanced market is good for everyone.
Great for buyers!
Obviously it’s great for house and condo buyers in Winnipeg. There are more choices, with nearly 1,900 houses and over 600 condos available to pick from in Winnipeg alone. Interest rates are still super-low, economy looks great, so NOW is the time to step forward and invest in your first home.
What does is mean for Sellers?
Choose your Listing Agent wisely. Does he/she advertise beyond the MLS®? Do they run print ads? Google their name before you select an agent! Do they have a social media presence? YouTube channel? Or do they think facebook is something that their grand-kids are using to play games?
When all is said and done, Winnipeg offers EXCELLENT value for a home buyer, especially now. How excellent? Lets compare these two homes, once in Calgary and one in Winnipeg.
The Calgary Home
Built in 2001, it’s a 2 storey home with a total of 1,120 sq feet, 3 bedrooms and 1.5 baths, no garage.
The Winnipeg Home
Built in 1994, it has over 1,800 sq feet, 3 bedrooms, 2.5 baths and a double attached garage.
Which of these homes sold for more? To make it interesting, let’s have a contest! I will randomly select 2 people from the WINNING answers to receive a $25.00 Gift Card for Bed, Bath & Beyond.
Contest ends on Sunday, Oct. 12th at 7 pm when the winners will be announced on our facebook page https://facebook.com/winnipeghomefinder