The ONLY time you should buy a brand new condo
Bo Knows Real Estate - Winnipeg's Real Estate Podcast
Release Date: 04/15/2023
Winnipeg's Real Estate Podcast - 2025 and Beyond
Bo Knows Real Estate - Winnipeg's Real Estate Podcast
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Mortgage Lender Pre-Approval; Comprehensive Guide For Home Buyers
Bo Knows Real Estate - Winnipeg's Real Estate Podcast
Hey there, home buyers! 🏡✅ Ready to make your homeownership dreams a reality? 💭💪 Getting pre-approved for a mortgage is a crucial step in the home buying process. 📝💰 It helps you understand your budget, increases your chances of securing a loan, and gives you a competitive edge in a hot market. 🔑📈 Looking for tips and advice on mortgage lender pre-approval? 🤔🏦 Look no further! Check out our comprehensive guide to the pre-approval process. 📚🔍 From where to get pre-approved, how to apply, and what documents you'll need, we've got you covered. ...
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EP: 205 Why Waiting For Interest Rates To Adjust Is NOT A Winning Strategy
Bo Knows Real Estate - Winnipeg's Real Estate Podcast
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August 2023 Market Report for Winnipeg
Bo Knows Real Estate - Winnipeg's Real Estate Podcast
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May 2023 Real Estate Market Update
Bo Knows Real Estate - Winnipeg's Real Estate Podcast
Is spring 2023 turning into a great 'Buyers Market'? When comparing listings and sales, year over year, there is no doubt that numbers are looking favorable for home and condo buyers in Winnipeg. Let's take a look at the stats of the month of April 22 and April 23. As we can see from the 'ALL MLS' graph, active available listings (all types of houses and condos) are up 70% over last year, same time. They are actually right in line with the 5-yr average of available listings (3,548) At the same time, property sales are down by 24% from last year...... as well as being down...
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Difference between a customer and a client
Bo Knows Real Estate - Winnipeg's Real Estate Podcast
Hello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for… Saturday, May 6h, 2023… Today is National Homebrew Day and International No Diet Day. As a home buyer, do you know the difference between being a customer and being a client? If you’re going to open houses or calling different agents asking them to show you their listings, you are a ‘customer’. The agent you are speaking with is required, by law, to do his best for his home-seller. As such, the agent only owes you honest answers to direct questions. The...
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Difference between a customer and a client
Bo Knows Real Estate - Winnipeg's Real Estate Podcast
Hello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for… Saturday, May 6h, 2023… Today is National Homebrew Day and International No Diet Day. As a home buyer, do you know the difference between being a customer and being a client? If you’re going to open houses or calling different agents asking them to show you their listings, you are a ‘customer’. The agent you are speaking with is required, by law, to do his best for his home-seller. As such, the agent only owes you honest answers to direct questions. The...
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Winnipeg's Spring Market Is Heating Up
Bo Knows Real Estate - Winnipeg's Real Estate Podcast
Hello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for… Sunday, April 30th, 2023… Today is, National Oatmeal cookie day, Nat. Bugs Bunny Day and National Adopt a shelter pet day Let’s give a shoutout to that last reference, the Shelter-Pet adoption day. Here in Winnipeg we are privileged to have Western Canada’s largest ‘for-life’ pet shelter in the form of D’Arcy’s Animal Rescue Centre, located at 730 Century St. In operation for over 22 yrs, D’arcys ARC has saved over 16,000 cats and dogs. As a registered charity,...
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Offensive Odours Can Kill The House Sale
Bo Knows Real Estate - Winnipeg's Real Estate Podcast
Hello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for… Monday, April 24th, 2023… Today is National Bucket List Day and Pics in a blanket Day Today, let’s talk a little about home staging. When hearing the word, a lot of people might envision a long, involved process, including movers, decorators and stagers. In reality, even a few touch ups and clean ups can make a huge impact. Over the next few days we’ll look at several areas where a little diy and elbow grease will go a long way to make a great first impression. For...
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How much income is required to buy an average home?
Bo Knows Real Estate - Winnipeg's Real Estate Podcast
Hello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for… Saturday, April 22nd, 2023… Today is National Jelly Bean Day and International Earth Day According to a new RateHub research, Canadians will need an annual income of $217,000 in Toronto to finance an average home. That’s a lot of jelly beans Even though the city's average home price has dropped by more than $200,000, the income required is actually 6,250 more than was required a year ago. According to RateHub co-CEO James Laird, Canadians now need to earn more...
info_outlineHello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for… Saturday, April 15th, 2023…
Today is Nat. Laundlry Day, Glazed Spiral Ham Day and take a guess…..its Nat. Take a wild guess day
Should you consider buying a brand-new condo? Wanna make some quick cash by buying pre-construction units?
We’ve all heard the stories of real estate investors and speculators purchasing pre-construction condos in major markets such as Vancouver and Toronto.
The story goes like this: They buy a $700K unit before they are even built, and at possession time, the units are worth 800K, 900k or even more.
I know of some Vancouver investors who came to Winnipeg back in 2008 and tried that with a brand new condo building along wellington Cr.
They were sorely disappointed when they tried to sell a year after possession and couldn’t even get their money back.
Winnipeg’s new condo market can be compared to the new car market. We all know what happens when you drive your new car off the lot, right?
Same thing happens to your brand new condo. Live in it for a year, and it’s no longer brand new, but if you try and sell, you’ll be up against other units in the same building, still being sold by the builder at the brand new prices.
There really is only ONE situation when you should consider buying a brand new condo in Winnipeg:
It’s when you plan on living in that unit for at least 6-10 years. Why?
There is actually a drop in your value for the first couple of years, which should correct itself over time…..say 6-10 yrs.
So if you are certain you’ll own and enjoy your new condo for at least that long…I say go for it.
But if there is a chance you need to sell in the next 5 years, consider a resale condo, where the values have already stabilized.
Thinking of buying? Call me right now to set up a free home buyer consultation, either in person or via zoom. 204-333-2202
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