Tag Archives: Comparative Market Analysis

Winnipeg Realtors News – My, My, July was so SPRY for the Winnipeg Real Estate Market

Residential Detached Sales july 2014 Residential Detached Sales july 2014 - 1 Residential Detached Sales july 2014 - 2

Message from Realtor Rosalie Drysdale

Your in the market to Sell your Home ? Remax Realtor Rosalie Drysdale Team will help you get the best dollar for your home.

Family is growing, needing to upgrade your home, Let Realtor Rosalie Drysdale Team help find the home that suits your needs

Contact Rosalie Drysdale at 204.999.7673 or by email at rosalie@999rose.ca

DIY Renovation Tips – From Alan & Heather Davis

 

DIY Renovation TipsIf you’re thinking of buying a fixer-upper for the first time, whether to live in yourself or to flip, doing some of the renovations yourself can be satisfying and economical. You’ve watched plenty of television shows where novices remodeled a house in two or three days, so how hard could it be? But, before you start tearing out walls and ripping up flooring, there are a few important renovation blunders to avoid.
 
Know your limitations
 
Despite what you’ve seen on TV, until you have some experience under your tool belt, you won’t know your own strength, endurance and patience for the time, difficulties and potential setbacks you’ll encounter. Often what seem like minor projects can turn into major issues if you run into mold, mildew, old wiring and other costly issues.
 
The best strategy is to start with one small project to see if you

  • Enjoy doing it.
  • Can complete it in a timely fashion.
  • Don’t run into difficulties or problems you cant solve.

 
Know who to call
 
Before tackling a project, take time to contact an experienced friend, family member or helpful neighbor to get their advice. If you don’t have a knowledgeable acquaintance, visit your local DIY or neighborhood hardware store and speak to their department expert. Many times, they offer weekend classes to teach the basics of home improvement projects.
 
Know if you need a permit
 
Most people know that they need a permit for a major construction or home addition, but many municipalities require permits for smaller changes you may not realize or consider. Some cities require permits for projects as simple as replacing the front door or changing the exterior color. Often, homeowners assume that interior upgrades don’t require permitting, but if you add a kitchenette to your game room or create a mother-in-law apartment, many times you’ll need a permit.
 
Neglecting getting a permit may derail your home’s sale or add costly changes and repairs later on.
 
Know which tools you need
 
Home renovations are not the opportunity to try your “MacGyver” skills. Repurposing tools and household objects seems great … until you’re in the middle of your project with drying mastic trying to hold tiles in place with your knees and toes. Tools are expensive. If you don’t have the right tools, and can’t afford to buy them, see if you can rent them from your DIY, rental or farm store. Some local libraries offer tool rental too, so check out all the options before you need that pipe wrench, specialty saw or clamp.
 
Purchasing specialty tools for a single renovation project may make it cost prohibitive. In that case … hire an expert.
 
Know the resale value
 
According to a remodeling annual cost vs. value report, less expensive upgrades like entry door, garage door and window replacements perform better on resale over more upscale changes to kitchens or bathrooms.
 
Renovations need to be appropriate for the neighborhood to add true resale value, according to Bob Vila. So, while you may love a gourmet kitchen, and want it in your own home, don’t plan to recoup the expense when the time comes to sell.
 
Source: Alan and Heather Davis

Which REALTOR® is for You ?

If you are thinking of buying or selling a home, you have probably asked yourself,

“Do I really need a REALTOR®?” The answer is yes!

Selling or buying property is one of the biggest business transactions most of us will ever make. REALTORS® have the qualifications and experience to help make a successful purchase or sale.
 
When selecting a REALTOR®, it pays to shop around and sharpen those interviewing skills. The REALTOR® you select should be someone who knows the neighbourhood you want to live in; who can provide you with sound, effective advice; and who has broad and current knowledge of today’s real estate market.
 
To select the REALTOR® who is right for you, begin by identifying several and interviewing at least two or three before making the final decision. If you were pleased with the services provided by the REALTOR® who helped you make a previous sale or purchase, he or she may be your best choice.
 
Otherwise, start compiling a list of potential REALTORS® by noting their names from real estate ads and other publications. Jot down the names and telephone number printed on “For Sale” signs you notice while driving through your neighbourhood or in another area you like. It is also a good idea to ask friends, family and business associates for the names of a REALTOR® they would recommend.
 
Before setting up individual interviews with those on your list of potential REALTORS®, check out their office location. Does it matter if it is not in your current neighbourhood or desired search area? Also, note the REALTOR®’s primary business. Some REALTORS® specialize in selling commercial property, while other focus on residential real estate.
 
The price range of homes the REALTOR® generally handles is another important consideration. If you are looking at a price range of $90,000, you will feel more comfortable with a REALTOR® whose office deals in homes of that price range, rather than $300,000 properties.
 
Finally, do a little digging to see how other people feel about the REALTOR® you are considering. REALTORS® who have a strong reputation for excellent service and professionalism are usually highly praised. The REALTOR® you select should be someone who makes you feel comfortable, listens to you, shows genuine interest, knows the current real estate market and has a good track record in the sale and purchase of properties you are interested in. Here are some points to consider during your interview with each REALTOR® on your list:

 

  • do they have a track record of success helping clients buy or sell your type of home in your kind of community? How many homes have they sold in the last six months? How close were the sale prices to the asking price?
  • do they provide multiple listing of your property via the Multiple Listing Service (MLS®)? This service provides access to a much broader base of potential buyers.
  • what commitments are they prepared to make, particularly related to marketing your property? Does the marketing plan include an open house for other REALTORS® and regular open houses for prospective buyers? Does it include advertising and flyers?
  • how did they establish the suggested selling price for your home? You may be tempted to choose the REALTOR® who suggests the highest price, and sometimes that’s appropriate. But it is still important to know how the price was calculated. Was the home compared to those sold recently in the neighbourhood and to those currently on sale? Does the suggested price match your selling objective?
  • is the REALTOR® offering you tips and hints on how to make your home show better, or what to look for when buying a property?
  • what will using the REALTOR®’s service cost you? Commissions or fees are set by each individual brokerage. In most circumstances, if your home does not sell you will not owe any commission to your REALTOR®. Buyers, meanwhile, don’t normally pay for a REALTOR®’s services.
  • does the REALTOR® look enthusiastic about selling your home? Does he or she appear confident in their ability to help you sell or purchase a home?
  • is the REALTOR® prepared to provide you with a resume and references?

Did you get all that? Don’t worry if it seems like a lot – here’s a condensed version to keep handy while you interview REALTORS®:

  • Are they licensed in Manitoba and do they belong to a real estate board?
  • Are they a full-time real estate professional?
  • What are their credentials and background?
  • Do they have a commitment to continuing education?
  • How long have they been active in the community?
  • What recent sales have they had in the neighborhood?
  • Can you contact recent clients?
  • What are the prices of other homes listed locally?
  • How did they calculate the selling price?
  • How will they market your home?

Source:   Working With A REALTOR ® Articles
 
Message from Realtor Rosalie Drysdale
 
With almost 20 years in the Real Estate Business, my clients are Number 1 …
 
View this Video ( WinnipegHomeValue) ( 999-rose.ca) then call me Realtor Rosalie Drysdale and I will help you with your new purchase.

Mortgage Rates for June 9 , 2014 — By Peter Paley

                                            
Peter Paley - Your Home and Mortgage Peter Paley

Looking at Purchasing that New Home, Needing a Mortgage,

Contact Peter Paley at Invis Mortgage

At Invis, we are always aware of the current environment and resulting implications, so at any time we can recommend a mortgage that gives you an edge and meets your current needs and future goals.

We regularly receive short-term rate promotions that are not posted online, which means our rates change frequently. Please contact us for these unpublished rate specials.

Terms

Posted Rates

Our Rates

6 MONTHS

4.00%

3.95%

1 YEAR

3.09%

2.99%

2 YEARS

3.04%

2.59%

3 YEARS

3.44%

2.79%

4 YEARS

3.94%

2.87%

5 YEARS

4.79%

2.99%

7 YEARS

6.04%

3.79%

10 YEARS

6.50%

4.39%

Rates are subject to change without notice. OAC E&OE

Prime Rate

3.00%

5 yr variable

2.40%

Whatever your need is today – first or next home, renewal, refinance, renovation financing, equity take out, business–for-self mortgage, investing in property or a second/vacation home, contact us for a review of your situation, and the advice you need to achieve your homeownership dreams. After all, the right mortgage can build your wealth and save you thousands of dollars

Every single day we’re making homeowner dreams come true. And we’re here to help you.

 

Peter Paley Mortgage Associate Send an EmailVisit Website

Does your financial house need a Good Spring Cleaning — From Peter Paley at Invis Mortgage

                                            

Your Home & Mortgage Peter Paley

The Green HouseLook to your mortgage for energy savings.If you buy an energy-efficient home or make energy-saving renovations you may be able to get a savings boost from your mortgage! Canadian mortgage insurers have a program that helps homeowners save when they buy energy-efficient homes.Homeowners purchasing a qualifying energy-efficient home are eligible for a 10 per cent mortgage insurance premium refund. If you purchase a qualifying $400,000 home with 5 per cent down, you are eligible for a 10 percent refund of your $11,970 in mortgage insurance premiums. That’s $1,197, a substantial savings!Existing homeowners who make retrofits to improve energy efficiency can also apply for this refund. You’ll be required to complete an NRCan energy assessment evaluation pre and post retrofit, and you’ll need to improve your home’s energy efficiency by the required amount. Of course, your home’s energy improvements will also reduce your costs for years to come!A CHANGING AND COMPLEX MORTGAGE WORLD

Canada Mortgage and Housing Corp. (CMHC) recently announced that as of May 30th, it will stop insuring both second homes and self-employed borrowers who don’t have standard documents to prove their income. Canada’s private mortgage insurers did not follow suit, although putting limitations on their second-home programs. Other new rules currently under review could mean the complete elimination of cash-back down payments. There have been many changes to the mortgage landscape in the last few years, making it more important than ever to get expert and timely mortgage advice and access to as many options as possible.

If you’re concerned about how changing rules might impact your homeownership goals, let’s talk!

Does your financial house need a good spring cleanWouldn’t spring cleaning be so much more gratifying if – somewhere under dusty barbecue parts and outgrown hockey skates – you found an envelope with, say, $5,000 in cash? Wouldn’t that make spring cleaning worthwhile? While you may not uncover a financial windfall when you’re cleaning the garage this spring, a little time and attention to the task of spring cleaning your financial house can be very rewarding.Are you continuously carrying a large monthly balance on your credit cards; financial clutter that can be very costly? You may have a golden opportunity to roll this debt into a low-rate mortgage, giving you big interest cost savings, and greatly improving your monthly cash flow.

Worried about penalties? Don’t think it can make much difference? Think again. It can be as good – or better – than finding the $5,000 envelope of cash in your garage. If you have enough equity in your home (you can’t refinance a mortgage above an 80 per cent loan to value), it’s worth taking the time to have your situation reviewed to see if you can benefit. Call today!

 

Peter Paley Mortgage Associate Send an EmailVisit Website

Mortgage Rates for May 27, 2014 — By Peter Paley

                                           
Peter Paley - Your Home and Mortgage Peter Paley

Looking at Purchasing that New Home, Needing a Mortgage,

Contact Peter Paley at Invis Mortgage

At Invis, we are always aware of the current environment and resulting implications, so at any time we can recommend a mortgage that gives you an edge and meets your current needs and future goals.

We regularly receive short-term rate promotions that are not posted online, which means our rates change frequently. Please contact us for these unpublished rate specials.

Terms

Posted Rates

Our Rates

6 MONTHS

4.00%

2.49%

1 YEAR

3.09%

2.64%

2 YEARS

3.04%

2.59%

3 YEARS

3.44%

2.49%

4 YEARS

3.94%

2.87%

5 YEARS

4.79%

2.94%

7 YEARS

6.04%

3.79%

10 YEARS

6.50%

4.39%

Rates are subject to change without notice. OAC E&OE

Prime Rate

3.00%

5 yr variable

2.40%

Whatever your need is today – first or next home, renewal, refinance, renovation financing, equity take out, business–for-self mortgage, investing in property or a second/vacation home, contact us for a review of your situation, and the advice you need to achieve your homeownership dreams. After all, the right mortgage can build your wealth and save you thousands of dollars

Every single day we’re making homeowner dreams come true. And we’re here to help you.

 

Peter Paley Mortgage Associate Send an EmailVisit Website

Bank of Canada maintains steady rate, Prime rate remains at 3%

Lot’s of talk lately about when rates will actually start increasing.  According to this article, rates will not start to increase until mid to late 2015 which is good news for all of you in variable rate mortgages.   Not all variable rate mortgages have the same options and features, the biggest question to ask is “What rate will you guarantee me when rates increase and I decide to lock in?”  If the answer is not “the best discounted mortgage rate on the market” and they can’t give you that in writing, we need to talk.


Source: Daryl Harris Mortgage Broker

Is mortgage debt good ? From Daryl Harris Mortgage Broker

Is mortgage debt good ?

By on March 24, 2014

This is an excellent video that will provide education to home owners and buyers on what is good debt and bad debt in your financial picture.  Good financial planners and Accredited Mortgage Professionals will work with you to eliminate your bad debt for a brighter financial future.

Source:  Genworth Canada

Source: Daryl Harris Mortgage Broker

Three bedroom Home for Sale at 113 Inkster Boulevard , Winnipeg

Excellent home for first time owner or for revenue property

Many upgrades here. New dual pane PVC windows throughout. Newer HWT (2012). Some new flooring (laminate HRWD) in bedrooms and bathroom.

113 Inkster Blvd 018

Great family home with huge eat in kitchen, large dining room and ample living room space. Lots of natural sunlight. New toilet. All appliance in good working condition. Basement is dry.

113 Inkster Blvd 004 113 Inkster Blvd 005

This house is in great condition at an excellent property owning entry price. Location, location. You’ll find shopping, transportation, and parks and schools close by.

113 Inkster Blvd 012 113 Inkster Blvd 015

More information and pictures about this home by clicking on this link: 999-rose.ca

Wanting to view this Home, Contact Realtor Rosalie Drysdale at 204.999.7673 or email Rosalie through her Contact Page.