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Bo Knows Real Estate
25 minutes | 7 days ago
(EP: 141) Buying a Winter-Home in the U.S. - Interview with US REALTOR Debbie Drummond -
Visit our new podcast home page at https://audio.winnipeghomefinder.com Today we will speak with a real estate professional in the US about that market, and the process of buying vacation property in or near Las Vegas NV. Welcome to Episode 141 of the Winnipeg Real Estate Podcast.🏞️ Winnipeg Real Estate News 📰Mid November, and our numbers of available homes are seriously dwindling. Last year, mid November, we had 1,610 houses available in Winnipeg. Today, that number is under 900. In condos, last year we had 641 available, this morning, 550. That is the story of this covid-market. Not enough listings, but a lot of buyer activity. If you've missed it, check out podcast episode 139, our November Market Update. 📆 This Week on the Blog 📭Our latest article is perfect for your cellphone reading. It's in a story format, so plays real nice on a vertical screen. 11 Insider Tips to help sell your home fast....Top 2 tips: Make it easy for buyers to see. Don't throw up a bunch of blocks and barricades, like limiting the showing hours to a 2-hr window each day, or no showings after 5 pm... And pick the right agent.https://boknows.homes/79f2dd70🔦 Spotlight on Local Business 🏪 When you get a mortgage, the lender MUST offer you the option of taking 'mortgage insurance'. This is really just life insurance by another name. Repeat after me : Thank you, but no thanks."... Instead, get Life Insurance, which offers better coverage, has fewer hurdles, and is usually cheaper. We talk about it in Episode 119, link here https://audio.winnipeghomefinder.com/mortgage-insurance-of-life-insurance/ Call my good friend Thomas Johnson of Cascade Financial at 204-229-4405.... Link to his website is: https://boknows.homes/dfd92540👫 Phone call with Debbie Drummond from Las Vegas ❓Interested in buying a vacation property down south? Get away from our winters for a few months? Las Vegas Nevada has a lot to offer. We talk with award winning Luxury Home Agent Debbie Drummond about The current state of the housing marketCommon price rangesWhat can you buy for $300K US?Tax implications for Canadian BuyersMortgage options for foreign buyers https://boknows.homes/0a02d520 Ms. Drummon's Tax Acct. recommendations is at http://www.thetaxmanllc.com/Download my free Podcasting AppWhether you're on Apple or Android phone, its real easy to get my free podcast app by going here: https://boknows.homes/apps For more real estate info, check my blog at https://blog.winnipeghomefinder.comNever miss an episode. Install our FREE Podcast App available on iOS and Android.For your Apple Devices, click here to install our iOS App.For your Android Devices, click here to install our Android App.Check my videos on Youtube
16 minutes | 14 days ago
(EP: 140) Condo Market Report - Condo Mortgage Questions - Sample Condo Bldg.
Visit our new podcast home page at https://audio.winnipeghomefinder.com In this episode we will give you the condo market stats for the past month, what makes condo mortgages different from house mortgages, and a look at one condo building in the south end of Winnipeg. 🏞️ Winnipeg Real Estate News 📰 Available condo listings are down from last year, while sales are up. Not at the same rate as houses in Winnipeg, but still an increase in activity against a backdrop of lower inventory levels. 👫 Phone call with Mortgage Mike ❓If a buyer is pre-approved for a $250K house, can they just go and buy a $250K condo? Not so fast....condo mortgages have a few unique requirements. We need to consider the condo fees, whether the condo building is an apartment-conversion and whether the condo is self-managed.Find Mike at https://boknows.homes/IVjg2j🔦 Spotlight on Local Business 🏪 Whether you're buying or selling, a house or a condo in Winnipeg, you will need a real estate lawyer. I recommend Brad McClelland of McRoberts Law Office. Here is a link to his website Go to https://boknows.homes/b99b3d30 👪 Spotlight on Tower 180 Condo in St Vital 🖥 180 Beliveau Rd is the location for a condo known as Tower 180 Condos. Originally built as an apartment block in 1970, it was converted into condos by A&S Homes in 2014.1 and 2-BR suites, priced bet 160-220k. Generally about 20K to $40K below the price when they were new. See more details on this building here https://boknows.homes/6afb3270 Here is my post on Condo Fees vs. House Expenses For more real estate info, check my blog at https://blog.winnipeghomefinder.comNever miss an episode. Install our FREE Podcast App available on iOS and Android.For your Apple Devices, click here to install our iOS App.For your Android Devices, click here to install our Android App.Check my videos on Youtube
15 minutes | 21 days ago
(EP: 139) Mortgage Rate Forecast - How do buyers get their keys? - Market Update
Visit our new podcast home page at https://audio.winnipeghomefinder.comIn this episode we will give you the housing market stats for the past month, and talk about what interest rates are predicted to do over the next few years.Intro to new podcast website:I am very happy to announce a new home for Winnipeg’s #1 Real Estate Podcast. You can find it at boknows.homes/podcastWhats so good about it? All episodes are in one place, with easy access to all major podcast players, as well as links to the podcast apps for ios and android. More importantly, if you go to this site on your mobile device, it will load with a little icon at the bottom of your screen that will allow you to send me a voicemail question about real estate. Try it out, and I will answer those questions in an upcoming podcast. 🇨🇦 Canadian Real Estate News 📰 In an article in Canadian Mortgage trends the Bank of Canada is signaling that low interest rates are likely here to stay for another 2-3 years. This announcement affects both fixed and variable rates, and fixed rates might be falling further. In a recent survey by BMO, 57% of first time buyers said they’ll choose a fixed rate. The article ends with some economists predicting that rates might remain low well beyond the 2023 mark. Link to the article is: https://boknows.homes/8cd5ea90 📆 This Week on the Blog 📭 Want to see the November real estate update in visual slide form? On your cell phone go to https://boknows.homes/market The Winnipeg market report in a story format, easy to watch. a 🔦 Spotlight on Local Business 🏪 This winter, I believe a lot of people are going to forgo travelling, saving thousands of dollars in the process. Some will take that opportunity to put that money into their homes, in the form of renovations or upgrades. Whether you want to simply improve your current home for your own benefits, or prepare for, what I believe will be a very hectic spring market, painting offers, in my opinion one of returns on your investment. Painting your home’s interior SOUNDS like an easy diy project, but Ive seen them go very wrong. Unless you are an accomplished house painter, leave this to the pros. Call my friend Rob White of urban Topcoat painting. Walls, ceilings, floors, …if it doesn’t move, he can paint it. I’m not charging for this shoutout, I am just recommending him because I’ve had a number of clients who used him and were very happy with the results. Call Rob at 204-791-8024. Or go to boknows.homes/painting 🏞️ Winnipeg Real Estate News 📰 Available listings are down roughly 40% over the same time last year, while sales are up 57%. That means a very hot sellers market, in nearly all price ranges from 200-500k. 👫 Answering Your Real Estate Questions ❓ How do buyers get the keys to their new home? In Winnipeg, the key transfer is handled thru the lawyers. The seller gives a copy of the house key to their lawyer, who transfers it, under trust conditions, to the buyers lawyer. Once those conditions have been fulfilled, ie: the sellers lawyer has assurances that the money is there, the key will be released to the buyer 👪 🗯 Final Thoughts and Links 🖥 We’ve just heard how hectic Winnipeg’s market is. Over the next few months, here is what normally happens. Listings slow down, as does buyer activity. This is normally a good time to buy, but since listings are already low, there is no large selection of homes on the market for buyers to pick from. After that, we will enter the spring market, which is traditionally a super hot sellers market to begin with. Will it be again in 2021? Or will there be an increase in forclosures and people needing to sell due to economic difficulties in the pandemic? Next week we will take a look at the condo market in Winnipeg. How is it reacting to the pandemic, and could condos offer an alternative to shell shocked home buyers in Winnipeg? For more real estate info, check my blog at https://blog.winnipeghomefinder.comNever miss an episode. Install our FREE Podcast App available on iOS and Android.For your Apple Devices, click here to install our iOS App.For your Android Devices, click here to install our Android App.Check my videos on Youtube
18 minutes | a month ago
(EP: 138) Turning Shipping Containers into pools, sheds and homes - Pre-Approval 'No-No's'
Welcome to this week’s episode. We will have an in-depth interview with Brian Ross of Innovation Fabrication about turning shipping containers into pools, sheds, temporary houses and even tiny homes and offices.We will also talk with Mike Schroeder of Mortgage Architects about what to do, and what not to do, after you’ve been pre-approved.🏞️ 𝙒𝙞𝙣𝙣𝙞𝙥𝙚𝙜 Business Innovation Fabrication 📰 This very innovative local company started by converting shipping containers into pools and hot tubs. They are expanding and creating covid-shelters, medical labs, man-caves and she-sheds, garages and tiny homes.IF Container website at: https://boknows.homes/205e3d10Boxx Pools website at: https://boknows.homes/4ccc6320 ☎️ 𝙋𝙝𝙤𝙣𝙚 𝘾𝙖𝙡𝙡 𝙒𝙞𝙩𝙝 𝙈𝙤𝙧𝙩𝙜𝙖𝙜𝙚 𝙈𝙞𝙠𝙚 💹 Some cautions about what NOT to do between the time you are pre-approved, and the time you take possession of your home. Don’t change your credit rating, or credit history, don’t change jobs and more info from MikeMike’s website is at: https://boknows.homes/IVjg2j 👪 🗯 𝙁𝙞𝙣𝙖𝙡 𝙏𝙝𝙤𝙪𝙜𝙝𝙩𝙨 𝙖𝙣𝙙 𝙇𝙞𝙣𝙠𝙨 🖥 We have all heard about how tight the Winnipeg Real Estate Market is right now. This is due to the lack of available and listed houses. For example, last year at this time, we had over 1,600 available homes for sale, while this morning that number is approx.. 40% lower. On the other hand, condos are not facing this shortage. Last year, 640 available compared to 610 this morning, so just a 5% drop. Next week, Nov 5th, we will take a closer look at the housing stats for October, and we’ll talk about the option of buying a condo instead of a house. There are some advantages, and some disadvantages to condo ownership, and we’ll examine those as well.For more real estate info, check my blog at https://blog.winnipeghomefinder.comNever miss an episode. Install our FREE Podcast App available on iOS and Android.For your Apple Devices, click here to install our iOS App.For your Android Devices, click here to install our Android App.Check my videos on Youtube
14 minutes | a month ago
(EP: 137) Fixed or Open Mortgage? - Pandemic is motivating young people to buy a home
This week we will talk to Mike Schroeder of Mortgage Architects about the differences between an open and a locked in mortgage, we’ll take a look at a really unique local business and a few surprises….all in the next 15 minutes or less 🇨🇦 𝘾𝙖𝙣𝙖𝙙𝙞𝙖𝙣 𝙍𝙚𝙖𝙡 𝙀𝙨𝙩𝙖𝙩𝙚 𝙉𝙚𝙬𝙨 📰 Interesting article on CanadianMortgageTrends.com indicating that the pandemic has motivated many young Canadians to buy a house. “The pandemic has caused many Canadians to turn their living rooms into classrooms, their dining rooms into offices, and their basements into home gyms,” said , Head of Real Estate Secured Lending and Scotia Mortgage Authority at Scotiabank in a release. “This is motivating many to consider investing more in their current homes or re-evaluating their living spaces altogether.”In addition, the lowered rates when compared to the a year ago, now can save the average home buyer around 13,000 over a 5- yr mortgage period.Go To https://boknows.homes/8dd0d4e0 🏞️ 𝙒𝙞𝙣𝙣𝙞𝙥𝙚𝙜 𝙍𝙚𝙖𝙡 𝙀𝙨𝙩𝙖𝙩𝙚 𝙉𝙚𝙬𝙨 📰 So about 2 weeks ago I listed a house and the owners were wondering whether now was still a good time to list. We got 7 offers and it sold for over 40K above asking price. So yeah…it a great time to sell ☎️ 𝙋𝙝𝙤𝙣𝙚 𝘾𝙖𝙡𝙡 𝙒𝙞𝙩𝙝 𝙈𝙤𝙧𝙩𝙜𝙖𝙜𝙚 𝙈𝙞𝙠𝙚 💹 Let’s tackle the age old questions: Is it better to get a fixed mortgage, or to leave it open? Lock it in for 5 years, or take a chance with a floating rate?Mortgage Mike Schroeder of Mortgage Architects says: Even though the rates for an open mortgage are already lower than a fixed mortgage, buyers should consider that getting out of a fixed mortgage early can trigger significant penalties. 65% of home owners get out of their fixed mortgage earlier than expected.See this attached article via cbc news https://boknows.homes/5d454f60 📆 𝙏𝙝𝙞𝙨 𝙒𝙚𝙚𝙠 𝙤𝙣 𝙩𝙝𝙚 𝘽𝙡𝙤𝙜 📭 Are you looking to add value to your home by doing some interior decorating, remodelling or updating? Check out this great post, with a room by room guide of adding value to your home.Go to https://boknows.homes/94e0f600 🔦 𝙎𝙥𝙤𝙩𝙡𝙞𝙜𝙝𝙩 𝙤𝙣 𝙡𝙤𝙘𝙖𝙡 𝙗𝙪𝙨𝙞𝙣𝙚𝙨𝙨 🏪 Today I’m talking about one of the most unique businesses you’ll ever find. It’s a local manufacturer, the brain child of an entrepreneur named Brian Ross. Innovation Fabrication is a metal fabricator who turns old shipping containers into just about anything you can think of.Pools, popup kitchens and bar yard bars, man-caves and she-sheds and even pop up medical labs and testing sites.We’re planning to have Brian on in an upcoming episode and tell us more. You can find the link to his website in the show notesInnovation Fabrication here http://wpgfab.com/ 👪 🗯 𝙁𝙞𝙣𝙖𝙡 𝙏𝙝𝙤𝙪𝙜𝙝𝙩𝙨 𝙖𝙣𝙙 𝙇𝙞𝙣𝙠𝙨 🖥 I don’t always eat soup, but when I do…..it HAS to have meat in it. One of my favorites is this meatball, tomato and pepper soup. Its thick, hearty and has a little kick. You can use beef or turkey, and a link to the recipe is in the show notes.Meatball, Tomato and Pepper soup: https://boknows.homes/292ae8a0For more real estate info, check my blog at https://blog.winnipeghomefinder.comNever miss an episode. Install our FREE Podcast App available on iOS and Android.For your Apple Devices, click here to install our iOS App.For your Android Devices, click here to install our Android App.Check my videos on Youtube
11 minutes | a month ago
(EP: 136) Purchase Plus Improvements Mortgage - Local and national real estate news
Get my podcast app at https://boknows.homes/apps available there for ios and android.🇨🇦 𝘾𝙖𝙣𝙖𝙙𝙞𝙖𝙣 𝙍𝙚𝙖𝙡 𝙀𝙨𝙩𝙖𝙩𝙚 𝙉𝙚𝙬𝙨 📰 CMHC is predicting a downturn in housing market and prices in 2021, however experts at Scotiabank disagree. Due to COVID, inventory is low, buyer demand remains strong and prices are surging. Bank of Canada are saying they will not raise interest rates until inflation hits 2% on a sustained basis, and that is not expected to happen in the next 3 yrs.For the full article, go here https://BoKnows.Homes/NXkm7Q🏞️ 𝙒𝙞𝙣𝙣𝙞𝙥𝙚𝙜 𝙍𝙚𝙖𝙡 𝙀𝙨𝙩𝙖𝙩𝙚 𝙉𝙚𝙬𝙨 📰 Inventory in Winnipeg remains low, around 1,100 homes for sale in our city right now. 30 of those are over 1 million dollars. Normal levels at this time are around 1700 homes. Great time to sell, right now. 📆 𝙏𝙝𝙞𝙨 𝙒𝙚𝙚𝙠 𝙤𝙣 𝙩𝙝𝙚 𝘽𝙡𝙤𝙜 📭 This week on Winnipeg’s Real Estate Blog we talk about some tips on decluttering your home. There are 7 things you can do to clean up your clutter, and help the environment and charity in the process. Go to BoKnows.Homes/clutter☎️ 𝙋𝙝𝙤𝙣𝙚 𝘾𝙖𝙡𝙡 𝙒𝙞𝙩𝙝 𝙈𝙤𝙧𝙩𝙜𝙖𝙜𝙚 𝙈𝙞𝙠𝙚 💹 Thinking of buying a house or condo which needs updating? Have you ever heard of ‘Purchase Plus Improvements Mortgage”? This is where, in addition to the normal purchase price, you get a little extra money lumped into the mortgage to help pay for the kitchen reno, new roof or bathroom addition. We’ll have a nice chat with Mike Schroder of Mortgage Architects about this option, how to get it and what process to follow. Find him at http://BoKnows.Homes/IVjg2j 👪 🗯 𝙁𝙞𝙣𝙖𝙡 𝙏𝙝𝙤𝙪𝙜𝙝𝙩𝙨 𝙖𝙣𝙙 𝙇𝙞𝙣𝙠𝙨 🖥 For more real estate info, check my blog at https://blog.winnipeghomefinder.comNever miss an episode. Install our FREE Podcast App available on iOS and Android.For your Apple Devices, click here to install our iOS App.For your Android Devices, click here to install our Android App.Check my videos on Youtube
14 minutes | 2 months ago
(EP: 135) 🎙 Updating Your 80's House 🎙 Mortgage Advice 🎙 Local and National Real Estate News 🎙
October 8th edition of real estate tips, news and advice. (Episode 135)Listen on spotify at https://boknows.homes/spotify🇺🇸 𝙄𝙣𝙩𝙚𝙧𝙣𝙖𝙩𝙞𝙤𝙣𝙖𝙡 𝙍𝙚𝙖𝙡 𝙀𝙨𝙩𝙖𝙩𝙚 𝙉𝙚𝙬𝙨 📰 Survey of 4,000 real estate agents in the US revealed that the average home sold in August received 3 offers. Multiple offers happening everywhere.🏞️ 𝙒𝙞𝙣𝙣𝙞𝙥𝙚𝙜 𝙍𝙚𝙖𝙡 𝙀𝙨𝙩𝙖𝙩𝙚 𝙉𝙚𝙬𝙨 📰 Listings are way down compared to last year, but sales are UP. This creates bidding wars and higher prices. 3.5 million dollar condo still available on Wellington Cr.☎️ 𝙋𝙝𝙤𝙣𝙚 𝘾𝙖𝙡𝙡 𝙒𝙞𝙩𝙝 𝙈𝙤𝙧𝙩𝙜𝙖𝙜𝙚 𝙈𝙞𝙠𝙚 💹 Talking about closing costs for home buyers. These costs include legal fees, land titles taxes, home insurance and other fees. 📆 𝙏𝙝𝙞𝙨 𝙒𝙚𝙚𝙠 𝙤𝙣 𝙩𝙝𝙚 𝘽𝙡𝙤𝙜 📭 For the latest market update, go to https://boknows.homes/market 🔦 𝙎𝙥𝙤𝙩𝙡𝙞𝙜𝙝𝙩 𝙤𝙣 𝙡𝙤𝙘𝙖𝙡 𝙗𝙪𝙨𝙞𝙣𝙚𝙨𝙨 🏪 Painting company Urban Topcoat, Rob White owner, can paint anything and everything in your home. Interior exterior, decks, concrete, etc… 👪 🗯 𝙁𝙞𝙣𝙖𝙡 𝙏𝙝𝙤𝙪𝙜𝙝𝙩𝙨 𝙖𝙣𝙙 𝙇𝙞𝙣𝙠𝙨 🖥 For more real estate info, check my blog at https://blog.winnipeghomefinder.comNever miss an episode. Install our FREE Podcast App available on iOS and Android.For your Apple Devices, click here to install our iOS App.For your Android Devices, click here to install our Android App.Check my videos on Youtube
5 minutes | 2 months ago
(EP: 134) Winnipeg Real Estate Market Report - October 2020
Housing Market Report for October 2020 in Winnipeg.Always available on Spotify at https://boknows.homes/spotifyThe numbers of available homes in Winnipeg, and the numbers of sold homes over the previous month, as compared to the prior month and the same time last year. For more real estate info, check my blog at https://blog.winnipeghomefinder.comNever miss an episode. Install our FREE Podcast App available on iOS and Android.For your Apple Devices, click here to install our iOS App.For your Android Devices, click here to install our Android App.Check my videos on Youtube
14 minutes | 2 months ago
(EP: 133) Real Estate Tips, Advice & News for October 1st, 2020
🇺🇸 𝙄𝙣𝙩𝙚𝙧𝙣𝙖𝙩𝙞𝙤𝙣𝙖𝙡 𝙍𝙚𝙖𝙡 𝙀𝙨𝙩𝙖𝙩𝙚 𝙉𝙚𝙬𝙨 📰 Real estate markets in the U.S. are quite hot right now. Buyer demand far exceeding inventory. Low interest rates and seller reluctance to sell are the key reasons given.🇨🇦 𝘾𝙖𝙣𝙖𝙙𝙞𝙖𝙣 𝙍𝙚𝙖𝙡 𝙀𝙨𝙩𝙖𝙩𝙚 𝙉𝙚𝙬𝙨 📰 Moody’s Analytics expects Canada’s real estate value to take a downturn next year, especially in Calgary & Edmonton (10%), Toronto (9%) and Vancouver (7%). Smaller markets are expected to fare better, due to increased demand for larger homes and more space at affordable prices. (Winnipeg)🏞️ 𝙒𝙞𝙣𝙣𝙞𝙥𝙚𝙜 𝙍𝙚𝙖𝙡 𝙀𝙨𝙩𝙖𝙩𝙚 𝙉𝙚𝙬𝙨 📰 Winnipeg remains a hot sellers market, especially for houses under 400K. High buyer demand and 45% fewer listings than last year same time. Pandemic stage orange has been instituted and masks are mandatory in public places. Still going to Open Houses? Be careful out there.☎️ 𝙋𝙝𝙤𝙣𝙚 𝘾𝙖𝙡𝙡 𝙒𝙞𝙩𝙝 𝙈𝙤𝙧𝙩𝙜𝙖𝙜𝙚 𝙈𝙞𝙠𝙚 💹 Mike Schroeder of Mortgage Architects tell us about alternatives to CMHC, which include Canada Guarantee and Genworth. Both of these allow buyers to buy ‘more house’ than CMHC. Mortgage Brokers offer access to all three insurers, which can help buyers, especially ones with bruised credit or new to Canada. 📆 𝙏𝙝𝙞𝙨 𝙒𝙚𝙚𝙠 𝙤𝙣 𝙩𝙝𝙚 𝘽𝙡𝙤𝙜 📭 New post titled “8 things you can do to protect your plants this winter”. Winter is coming, and protecting your plants will help them thrive in the spring. 🔦 𝙎𝙥𝙤𝙩𝙡𝙞𝙜𝙝𝙩 𝙤𝙣 𝙡𝙤𝙘𝙖𝙡 𝙗𝙪𝙨𝙞𝙣𝙚𝙨𝙨 🏪 It’s time to check your furnaces. By signed up to Aire-Serv Heating and A/C Maintenance Plan, you get a furnace check and clean now, plus an A/C check in the springtime. Also included is a 10-15% discount on any needed repair parts and labour. All for $190 plus taxes. Go to Aire-Serv Heating and A/C 👪 🗯 𝙁𝙞𝙣𝙖𝙡 𝙏𝙝𝙤𝙪𝙜𝙝𝙩𝙨 𝙖𝙣𝙙 𝙇𝙞𝙣𝙠𝙨 🖥 Next week we’ll have another call with Mortgage Mike, more news and updates, as well as answering a listeners question: “How to upgrade my 1980’s house”.For more real estate info, check my blog at https://blog.winnipeghomefinder.comNever miss an episode. Install our FREE Podcast App available on iOS and Android.For your Apple Devices, click here to install our iOS App.For your Android Devices, click here to install our Android App.Check my videos on Youtube
6 minutes | 5 months ago
(EP: 132) Winnipeg Condo Market Update for July 2020
Thinking of getting into home ownership, but want to avoid bidding wars? Want a nice place to call your own without spending too much? Consider Winnipeg CondosFor more real estate info, check my blog at https://blog.winnipeghomefinder.comNever miss an episode. Install our FREE Podcast App available on iOS and Android.For your Apple Devices, click here to install our iOS App.For your Android Devices, click here to install our Android App.Check my videos on Youtube[00:00:00.240]What's Winnipeg condo market in July 2020? Coming up next. [00:00:23.230]For those of you who have listened to or watched my housing market report for July 2020 in Winnipeg, you already know that the housing market is super hot. It's a super hot sellers market. Tough for buyers. Well, condos are kind of the opposite.[00:00:38.430]Condos are and remain and have always been for the last five years a real strong buyer's market. It's a great opportunity for you to get into real estate, to become a homeowner if you don't want to endure the bidding wars of houses. You can find a really nice condo even for under 250,000 dollars. But Condos in the 250 plus range are superstrong buyer's market. They can sit there for several months. You won't likely get into a bidding war if you buy one and you can get a pretty good deal on these days.[00:01:09.420]So let's take a look at what the market is like as an overview.[00:01:12.570]Last year for this time period, for a month, we sold 82 condos in Winnipeg. Last month, we sold 78. And then in June, we sold 108. So it's not only faster than last month, but it outperforms last year as well. As for the most expensive condo it did hit one million dollars in the North Henderson Highway area. And you're going to see that the condo market this month actually outperforms not only last month, but last year as well.[00:01:40.200]Let's take a look at the numbers of available condos for sale as of July 1st. We can see that last year, under two hundred and fifty thousand dollars. Last year we had 513 for sale. On June 1st, we had 354. And July 1st it was 369. So it's slightly more than last month, but it's way down from last year.[00:02:02.350]Same thing for condos of two hundred and fifty thousand dollars. +, all the way up to as high as they go. And they do go for a million dollars in Winnipeg. That's pretty, pretty comparable to last year. Last year we had 323. This this month we had 302, which is virtually identical to the previous month as well. So that's remained fairly stable.[00:02:21.390]But now looking at the sales, you're going to see that this month has outperformed the previous month and even the previous year condos under 250,000 dollars last year.[00:02:30.930]This time period, we sold 35. This month, we sold fifty five. And for more luxurious condos, 250,000 dollars and up last year we sold 47. This year we sold 53. So even when compared to last year, which was a fairly active year, condo sales are up this year over last. What does all this mean? I'll explain when I come back.[00:03:07.230]So with math formula, we combine the sale statistics and the available listing statistics and we come up with something that works out to be the days of inventory. This is basically answering the question that if nobody else listed their condo going forward, how long would it take to sell everything that's out there? And of course, the lower the number, the hotter the market. If we take a look at condos under 250,000 dollars last year, that number was 455 days.[00:03:36.420]In other words, it would take nearly a year and a half to sell everything that's out there. This month, that number has dropped to 201. So that's twice as fast as last year. Condos over 250,000 dollars. Last year that number was 213. This year it's 171. Again, a huge improvement over last year. Now, keep in mind, 201 and 171, . those are still really high numbers.[00:04:03.210]When you compare them to houses, if you look at my housing report, those numbers are in the 30 and 40 range, not in the hundreds. And the last statistic I look at is how many new listings came to market during the month of June. How many people listed their condos last year? That number was 352 new listings came to market. This month, it was 334. So down slightly from last year.[00:04:28.500]But it's it's getting back up there. The previous month, that's the month of May, this year we had 302. What does all this mean? The overall picture. Condos this year are selling faster than they were last year. But when compared to houses, they are still a much, much more relaxed and slower market than houses.[00:04:47.820]If you're currently renting and you're paying twelve hundred dollars and I went through this with with a client of mine, they were paying $1,200 for an 800 square foot apartment. They managed to get into a 1300 foot, ten year new townhouse with the garage for about the same money. Actually it's costing them less money than 1,200 dollars a month. That's including taxes and condo fees and the mortgage interest. So if you're interested in getting out of the rent-race and you don't quite want to buy a house, maybe it doesn't fit your lifestyle or maybe you just don't quite have enough money because you can buy a really nice condo for $220,000, whereas that's that's getting really tough to find a house in that same price range.[00:05:31.030]If you're interested, consider condos. Give me a shout any time. It's Bo Kauffmann Remax Performance Realty 204-333-2202 I'd love to help you out till next time. Bye bye.
6 minutes | 5 months ago
(EP: 131) Winnipeg Housing Market July 2020
Update on the real estate market for Winnipeg. Housing sales and listings stats for July 2020For more real estate info, check my blog at https://blog.winnipeghomefinder.comNever miss an episode. Install our FREE Podcast App available on iOS and Android.For your Apple Devices, click here to install our iOS App.For your Android Devices, click here to install our Android App.Check my videos on Youtube[00:00:00.240]Let's take a look at the real estate market conditions for July 2020 in Winnipeg.[00:00:23.090] Well, hello, Winnipeg, it's Bo Kauffmann Remax Performance Realty, and it's July 2nd, 2020. And I take a look back at the sales and listings which happened over the last month or so, all of June.[00:00:34.580]And you're going to see that we are in a super hot sellers market right now. And for example, last year for the month, we sold 786 houses in Winnipeg. This year we sold 861. So that alone is 10 percent more sales. But you're going to see that the listings for actually way down, which makes it an even hotter market. Similar story with condos last year and this time period, we sold 82 condos and Winnipeg this year we sold 108.[00:01:03.030]So that's about 20 percent more or even 25 percent more. As for the market highlights for June, the most expensive house sold was 1.45 million in South Headingley. In fact, during the month, there were four houses sold for over a million dollars. And the most expensive condo hit one million dollars. And that's in the North Henderson Highway area. And as I mentioned earlier, the number of available houses substantially down quite a bit from last year.[00:01:28.190]So let's take a look at available houses in Winnipeg. Last year this time, we had 1,866. And today we got 1,232. That's that's a huge drop. That's about a 35 percent drop in listings available for the buyers to pick from breaking that down among the different price ranges for houses under two hundred and fifty thousand. Last year we had 486 available this month, virtually the same as last month, 265 available in that price range.[00:01:56.770]The mid-range homes, 250 to 500 thousand dollars. Last year we had 934. This month, we have 584 way down. So. And it's just about 10 more than last month. Luxury homes last year. 446 available. This month, 384. Again, a big drop over last year. Now the available listings are down, but sales are keeping up, or actually better than last year in most of these categories.[00:02:25.400]Under two hundred and fifty thousand dollar homes last year, in a time period of June, we sold 203. This year, 199. virtually the same. Quarter million to half a million dollar homes last year, we sold 504. During June this year 570.[00:02:41.630]And luxury homes as well. Last year we sold 79 in that time period, this year, 92. If you've been listening to my real estate reports over the past few years, you know, I put those numbers, that is the sales and the listings, together. And I come up with a quotient I called days of inventory that is kind of giving a number to how hot the market is. So let's take a look at houses under 250thousand dollars. You can see that maximum would be about 120 days. In fact, an average market would be around 90 days or so. Last year we were at 74. And this year, right now, this month, we're at 40 days. That is super, super hot sellers market.[00:03:20.860]Houses for 250 to 500 thousand dollars are in a similar predicament. Maximum is 120 days. Average would be around 90 or so. Last year, 57. This year 31. If you've got a house in the 250 to 350, 375 range and it shows half decent, it's going to be gone in a few days.[00:03:42.200]Luxury homes over half a million dollars, you know, a maximum about 400 days. We usually see markets around 220, 250 days. Last year, 175. This month, 125 days for luxury homes. That is a very, very hot. And the last thing I want to take a look at is the seller confidence. How many people are confident in selling their house and listing it right now? Last year this time, we had 1,409 people listed their home in this period. Last month we were just shy of 11 hundred.[00:04:12.740]And this month we did creep up a little bit. 1,300 is still one hundred less than last year. It seems like the market right now is made up of a lot of buyers, but not a lot of listings to choose from.[00:04:40.280]I hope you've enjoyed this housing market report for July 2020. And Winnipeg. I do a separate condominium market report. As hot as the housing market is, Condos do offer a great opportunity for buyers who want to get into the housing market who want to own their own property, but don't want to deal with so many bidding wars. So if you're thinking of buying your first home, a condo might be an option for you. Check that report as well.[00:05:03.800]And as you may know, I work with buyers and sellers, houses and condos in Winnipeg. So if you're looking to buy or sell either one house or condo, give me a shout anytime. That's Bo Kauffmann Remax Performance Realty 204-333-2202.
6 minutes | 5 months ago
(EP: 130) Right now, BUYING is cheaper than RENTING!
Still renting? Interest rates are super low, and there is even a way to buy without having 5% down. Let me show you how.For more real estate info, check my blog at https://blog.winnipeghomefinder.comNever miss an episode. Install our FREE Podcast App available on iOS and Android.For your Apple Devices, click here to install our iOS App.For your Android Devices, click here to install our Android App.[00:00:00.240]Are you currently renting and thinking you can't afford your own home? Let me dispelled that myth right now.[00:00:22.680] So are you renting right now and wondering if or how you could afford a new home? Let me tell you what happened to a client of mine very recently. They called me at the end of May to tell me that they were they had been renting for about five years and everything was going okay until a noisy tenant moved in above them and they finally had it.[00:00:40.720]So they were looking at alternatives, but they didn't initially think that they could afford it. I put them in touch with my mortgage specialist and this is what we came up with. So they were pre-approved for $300,000 and their initial plan was to find a stand-alone home. But in the south end of the city, St Vital, , Fort Richmond, Richmond West. Now there are neighborhoods in Winnipeg, where I can find you are really nice. home for 300,000 dollars or less. Standalone house. But St. Vital, , Fort Richmond, White Ridge. Those kind of areas are not among them. So after a few disappointing showings, we switched focus and we started looking at condos. Currently they lived in about an 800 square foot apartment, two bedrooms, one bath, outdoor parking, and they were paying 1,210 dollars a month. After looking about three or four condos. This is what we found them for $275,000 dollars.[00:01:32.780]We got them a three level townhouse condo in Bridgewater. Here's what you've got on the main floor. You have a small office area plus closets and the laundry room, and that is the door to the attached garage. So they go from outdoor parking to a single attached indoor garage. On the second floor, we have a half bath, a really nice, open, modern kitchen with all the appliances, all stainless steel appliances included the patio door leading to the balcony and a large living room area.[00:02:03.760]And the top floor features two good sized bedrooms, a main four piece bath and the large master bedroom with a full en-suite and lots of closet space. Now, as I said, their apartment was 800 square feet. This condo is 1,350 square feet. So let's take a look at how those costs compare. As I already said, they initially paid twelve hundred and ten dollars for rent plus hydro. So this condo, we got them for two hundred and seventy five thousand dollars.[00:02:31.510]They put five percent down, but there's CMHC fees lumped into it, which is around four percent. So let's say that they had to mortgage a two hundred and seventy five thousand dollar mortgage and figure out what the interest is on that. So let's be generous and say they're paying 2.4% , which makes a monthly interest costs of 550 dollars. So, yes, the actual mortgage payment is going to be higher. But anything above the interest goes against their own mortgage payment. So that money is not lost. It's not an expense. It goes to pay down their own debt. The only real cost is the interest.[00:03:06.670]After this, a property tax of 250 dollars per month and then a condo fee of 225 dollars a month. Now, hydro costs are going to be very similar as their rented space, as will insurance. The condo building insurance is actually included in the monthly condo fees.[00:03:22.300]So all they have to do is add condo owners insurance, which is similar to renter's insurance. So add up all these costs and instead of 1,210 a month, their cost of living in their own home is $1,025 dollars per month. So that's nearly two hundred dollars a month less than renting the garage. Lack of noisy neighbours. All that is just a bonus.[00:03:42.520]So here's an interesting tidbit. If you're looking for a house right now, houses are at a premium. There's only about 1,300 homes for sale in Winnipeg as opposed to last year, this time when there was nearly 1,900. So houses are harder to get. But you know what remains a buyer's market? It's condominiums. And if you're renting right now and you're itching to get into the housing market, a condo might be a great stepping stone. It's true that condos probably will not appreciate as much as houses, but it is a stepping stone into owning your own property.[00:04:14.110]There are many benefits other than increased property values to owning your own property. Homeowners benefits include renting it out or borrowing money against it, fixing up the inside, paying down on the debt. So you know that that savings is basically it's tax free because that's your primary residence. So if you're thinking of getting into the housing market or into the owning your own home market, condos are a great option because right now there are still over 600 condos for sale, which is comparable to last year at this time.[00:04:46.470]Here's another tip. Those clients of mine didn't actually have 5% down. The mortgage specialist was able to find them a mortgage which used borrowed down-payment. So that is a way of using a like a line of credit at your bank. Now, in order to qualify for that, you have to have exceptional credit. You have to have above average credit rating. But even so, even if you don't have five percent down, there may be a way to get you into owning your own property with borrowed down payment.Check my videos on Youtube
7 minutes | 5 months ago
(EP: 129) Buying a Home in 2020 - Challenges and Solutions
If you're serious about buying a home in 2020, you will face 2 main challenges. Here is the one solutions to both:For more real estate info, check my blog at https://blog.winnipeghomefinder.comNever miss an episode. Install our FREE Podcast App available on iOS and Android.For your Apple Devices, click here to install our iOS App.For your Android Devices, click here to install our Android App.Check my videos on Youtube[00:00:00.240]Are you serious about buying a house or a condo in Winnipeg in the summer of 2020? You're up against two challenges. I'll talk about those and how to get to the head of the line right away.[00:00:26.710] Hello again, everybody. It's Bo Kauffmann Remax Performance Realty. I'm a residential real estate agent in Winnipeg for the past 15 years and I enjoy working with buyers and sellers of houses and condos.[00:00:37.420]If you're serious about buying a house or a condo in Winnipeg in the summer of 2020, you're up against two challenges. One is a super active market. And the others is Covid. I'll talk about both of those challenges right away and then give you a shortcut to get you to the head of the home shopping line. Please note I said if you're serious about buying a house or a condo in Winnipeg, I get a lot of calls from people saying, hey, I just want to see your listing.[00:01:01.750]And when we talk about it a little bit further, they say, no, we're just starting to look or we're just curious. We just want to see it. So let me explain.[00:01:10.180]When a seller hires a listing agent, that agent owes the homeowner a set of duties and responsibilities,.... responsibilities, which I take very seriously. Those responsibilities include not showing the home to anybody who is not pre-approved, not pre qualified, may or may not be able to afford it, and more importantly these days, to show the home only to those people who have been deemed to be covered free to the best of our ability.[00:01:36.080]So if you're just browsing, just starting out, just looking, there are plenty of open houses still. You can go online, see virtual tours, even virtual open houses. Now, that's a great way to start, but don't call a listing agent to show you a house, because here is what's supposed to happen if you phone me. My first question to you is, are you pre-approved? Now, even that question has offended some callers, and I'm sorry for that.[00:01:59.160]But as I said earlier, I owe the home seller, a responsibility that I'm not going to show the house to anybody who just makes a phone call. You've got to be pre-approved. My next question may be who are you pre-approved with? Because not all lenders are the same. I'm just now dealing with somebody who has gone through their third week of financing, continuing to get extensions on the financing condition. It's not acceptable. And these people were supposedly pre-approved.[00:02:25.060]And another example, I met a young couple who came to me pre-approved by one of the smaller credit unions when it came time to make an offer. That credit union wanted a full week financing again in this active market, that's not sufficient. So not all lenders, not all mortgage lenders are the same, and some are definitely better than others. Another example may be that you need to sell your current home before you can buy one. There really is no point in looking at a house, especially these days, because when we make an appointment to get you into a house for a showing, that homeowner has to pack up and leave.[00:02:58.120]That's under the COVID rules. The homeowner is not supposed to be in the house at the time. So we are really inconveniencing that seller to show the house to somebody who is not ready to buy. But as I said earlier, there is a shortcut, a way to get you to the head of the line. Talk about that right away. After I discussed the second challenge, which is COVID.[00:03:31.660]We're pretty lucky in Winnipeg, Manitoba. In general, we've got very few cases. We want to keep it that way. So each time you phone a listing agent to show you that listing, he or she is supposed to go through a checklist with you. It's basically two pages long. It's like a medical background check list. Have you traveled? Have you been in touch with anybody who has traveled to show any symptoms? Have you been tested?[00:03:53.860]So it is quite in-depth and you're supposed to fill that out for every showing that you go to. Imagine doing that for every listing? There is a better way. Call an agent like myself or any other buyer agent and ask them to become your buyer agent. It's really easy, simple and free. Here's what happened once you call me. We'll have a Zoom meeting or an in person if you prefer.[00:04:16.600]And during this meeting, we'll discuss your home buying needs and wants and financial capability. We'll also discuss your health status. You only have to do this once with your buyer agent if required. I'll set you up with the right lender, not somebody that takes a week to get things done, but somebody who stands behind their pre-approval. After we've done that, we'll set you up on a search and all the listings that fit your needs and fit your requirements will come straight to your inbox.[00:04:42.430]That way, let's say on a Saturday afternoon, you want to look at a couple of houses. You send me the addresses that you want to see and I'll book the showings. You don't have to call three different agents. You don't have to fill out three different forms. You don't have to answer three different sets of questions regarding your pre-approval or your health status. That's already been done. All you do is you sent me a list of houses you want to see.[00:05:05.500]I'll book the showings and away we go. What's a great way to pick a buyer agent? Well, check the Better Business Bureau. There are a handful of agents who are credited with the Better Business Bureau, and an even simpler way is just to check Google. Check the agent's name behind that name, put Google reviews and you should come up with with a list of reviews. So if you're thinking of buying a house or a condo in Winnipeg, give me a call anytime.
8 minutes | 6 months ago
(EP: 128) Winnipeg Real Estate Market Update June 2020
Housing Market Report for Winnipeg on June 1st 2020For more real estate info, check my blog at https://blog.winnipeghomefinder.comNever miss an episode. Install our FREE Podcast App available on iOS and Android.For your Apple Devices, click here to install our iOS App.For your Android Devices, click here to install our Android App.Check my videos on Youtube[00:00:00.150]What's the real estate market on June 1st 2020 in Winnipeg? Coming up next. [00:00:20.710]Well, it's time to take a close look at what the real estate market is doing and Winnipeg, this is at the beginning of June 2020. You know, I get phone calls just about every day.[00:00:29.490]I got a call from a nice older lady saying, you know, right now with all this Covid stuff, this must be a terrible time to be selling your house? And really nothing could be further from the truth. You're going to see that in the last month, that's the month of May, sales have nearly doubled over April. Yet the numbers of available listings has not kept up. So you're going to see all the indicators are towards a much, much stronger seller market than normal.[00:00:55.260]There is buyers are coming out, but they're just not finding the available homes. There's one thing I'm doing different this month, and that is that this is specifically for houses. I will do a separate podcast for condominiums because they really are a separate market all to their own. So let's take a look at some of the highlights. For the month of March, the most expensive house sold in the month of March was 1.5 million in tuxedo.[00:01:17.880]And the most expensive condo was a brand new construction condo. F$488,000 in the S.St Vial area. In May 2019. We sold 758 houses. Now, compare that to the sales of April this year. They were 375 houses, but in May we bounced right back to 641 houses sold in Winnipeg. That's fast approaching the norm, which was kind of last year. So let's break that down a little bit further in the price ranges under two hundred and fifty thousand dollars on June 1st.[00:01:51.450]Last year we had 444 homes available. In April, we had 285. And in May this year, we're down even further at 269. So the available homes in this price range keeps dropping. But buyers are coming out. So if you've got a house in that price range, now is the time to list that.[00:02:10.220]Looking at the mid price range, these are homes between a quarter million and a half million dollars. Last year we had 778 available. At the end of April, we had 590. And at the end of May or June 1st, we only have 575. Again, the available number of homes has steadily drop and it's much below normal.[00:02:31.390]And a slightly different picture in the luxury homes sections last year. These are homes of 500,000 dollars or more. Last year we had 413 at the end of April. This year we had 338.[00:02:44.730]And on June 1st this year, the inventory bounced up a little bit to 368. So let's take a look at sales over the past month. So last year, during the month of May, we sold 187 entry level homes in May. This year we sold only 93. So that's about half. And now in May 2020, that jumped back up to 157. So almost on par with what it was. like mid-range homes, 250 to 500,000 dollars last year in May, we sold 487. April this year 247 again 1/2.[00:03:18.630]And that bounced right back and made this year to 418 almost on level with what it was. Now, as far as luxury homes go, last year we sold 85 of those in the month of May.[00:03:29.850]This year in April, that dropped down to 35. But this year in May, it went back up to 66 homes. As you can see, sales have nearly doubled over last month. But in most cases, inventory, the available number of homes has actually decreased.[00:03:44.760]This is going to make for a very hot sellers market. If you've been following my podcast on my blog for a while, you also know that we take those numbers, the solds and the available. We combine them to come up with a quotient called inventory days or days of inventory. This basically means that if no further houses are listed, how long would it take at the current rate to sell everything that's out there? Naturally, the lower that number, the hotter the market and the better seller market it is and the tougher it is for buyers.[00:04:14.700]So let's take a look at what those numbers mean right now, starting off with homes under 250k dollars last year. This time it was 71 days. It would have taken 71 days to sell everything that's out there. In April this year, that was 92 days. But this month, we've dropped down to 53 days. So that's even faster than last year.[00:04:34.270]Homes between a quarter million and a half million dollars last year. That was 48 days. In April this year, that jumped up to 72 days. And right now, June 1st, that's dropped to 42 days. Again, hotter than last year. And a similar picture in luxury homes, those over a half million dollars. Last year we were looking at 146 days to sell everything that's out there. In April this year, that jumped up to 290. That's almost doubled. And now in June 1st, that's back down to 172 days.[00:05:05.880]So you can see by those numbers that the hardest part of the market is between that 250 and five hundred thousand dollars. In fact, I can tell you that the really the hottest segment in Winnipeg market has always been between 250 and 350. And the last that we take a look at is how many new listening to come into markets last year during the month of May, we had 1,341 new listings. In April this year, that dropped way back to 698.[00:05:32.400]But it's comeback somewhat made this year, to 1098. So we're still roughly 250 listings short of what we were last year. Right now is a great time to sell your home. Please give me a call if you're if you're thinking of selling your house in Winnipeg. That's Bo Kauffmann Remax Performance Realty 204-333-2202.
3 minutes | 6 months ago
(EP: 127) Real Estate Market Quickie report for May 2020
Recent sales stories point to the fact that right now, the spring market is starting.For more real estate info, check my blog at https://blog.winnipeghomefinder.comNever miss an episode. Install our FREE Podcast App available on iOS and Android.For your Apple Devices, click here to install our iOS App.For your Android Devices, click here to install our Android App.Check my videos on YoutubeLooking after and reporting on historic stats is easy….. extrapolating information from those stats, and predicting the future is harder. UnlessA few very loud and obvious facts jump out, making it easier to interpret.For example:2 weeks ago I listed a bungaow in the west st james area for $250,000.It ended up with 45 showings and 15 offers, and sold for $30grand over asking.But one example does not make a trend So this past week, I listed another bungalow, this one in north kildonan, for $260K.46 showings, 10 offers and sold for 23K above asking.So 91 showings, and 25 offers on these two listings. Seeing a trend? Two different parts of the city, but both homes are smack in the middle of Winnipeg’s most popular price range category….Why is this happening?Well, lets look at available listings.Last year, this time, we had 1635 homes for sale in Winnipeg.Today, that number is 1273. That is 22% fewer listings than the same time last year.So if you’re thinking of selling your Winnipeg home, NOW is the perfect time. Listings are down, but buyer activity (91 showings, 25 offers on two homes) is up.
8 minutes | 7 months ago
(EP: 126) Selling Your Home - How Important are Timing and Pricing?
Can the time of year play a difference when selling your home? How about setting the best 'listing price'? Get the answer in these two stories.For more real estate info, check my blog at https://blog.winnipeghomefinder.comNever miss an episode. Install our FREE Podcast App available on iOS and Android.For your Apple Devices, click here to install our iOS App.For your Android Devices, click here to install our Android App.Check my videos on Youtube[00:00:00.150]What kind of an effect can the proper pricing and timing have when selling your home in Winnipeg? Coming up next.[00:00:25.460] So if you're thinking of selling your house or condo in Winnipeg, timing the market is important and pricing correctly for wherever that time of year is. Not every market is the same. Spring market is different than the summer and the winter and the fall is different again.[00:00:40.640]I've got two real life examples of what a difference pricing and marketing time can make. And the first one kind of talks about the difference of pricing. Recently, I had occasion to do research in an area in St. Boniface where two homes were sold on the same street. They were basically identical homes built probably by the same builder. Certainly the same size, the same style, built the same year. But inside they were quite a bit different.[00:01:08.090]The first home we look at was listed at the end of August. Generally, the market in Winnipeg starts to slow down in August, especially towards the end end and in September. People have bought their houses. They're now concerned about moving in, getting their kids in school and stuff like that. So at the end of August is generally not a great time to list the house. This one in particular had been updated extensively. New bathrooms, new kitchen windows, flooring, electrical, was extensively renovated, looked really, really gorgeous.[00:01:35.840]And they priced it at $285,000, which is probably fair for that market and that house. It took 40 days to sell and they eventually sold it for 275. So 10,000 under and it took six weeks to sell. Now look at another house. Same street. It was listed at the beginning of June. And that is still traditionally part of the spring market. Things are still active. People are still looking very much looking, especially the beginning of June.[00:02:01.790]Same kind of house, same size, layout, number of bedrooms, number of bathrooms on the same street. But that's where the similarities end. It had an old kitchen, old bathroom. Couple of the windows were updated, but not much else. So they priced us at $249,900. Now remember, it's still spring market, $249K. They got multiple offers and it sold for $273,000, just two grand below the one that was completely updated and finished.[00:02:29.870]So that's the benefit of listing at the right time of year when there's still multiple bids, multiple offers happening. It doesn't seem fair, but that's just the way. Just the way it is. If you can avoid listing at the end of August, do so. Hold off for a little while. Market generally does pick up again at the end of September, beginning of October. But if you don't have a choice, you don't have a choice.[00:02:52.430]You have to just kind of make the best of it. But spring market is definitely the best time to list. And my next story is going to be an even wilder example. Unbelievable. So stay tuned.[00:03:17.240]This next example. I was actually intimately involved with both of them. I saw both houses inside and out. These homes are located in River Heights. And just like the previous example, they're on the same block, same street, same side of the street. So they're facing the same way, the same sun exposure. Probably built by the same builder. Definitely the same style, size, and layout. They were both bungalows. A lot of similarities. The first one went up for sale in October one year, and I had a buyer who wanted to see it.[00:03:47.930]This house had originally been listed at $270,000 dollars and it was extensively updated. New windows, new roof. It had a double car garage. Not like the second one in the example. It had a double car garage. Nice hardwood flooring. A brand new kitchen. New bathrooms. A really nicely done basement listed at 270. It took two months to sell and eventually sold for 250.[00:04:12.130]Fast forward just three months later. Same side of the street. Homeowner called me to list their house. Now, I got into this one and it was the same style and size, but it was completely different inside. The walls with the original plaster and painted and what I would call like a mint green. And the plaster was severely cracked everywhere. Original Windows, original kitchen. There were hardwood floors, but they were covered by shag carpeting. This house only had a single car garage.[00:04:40.280]And worst of all, it had a noticeable tilt, a noticeable lean to one side. I had a contractor come in just to take a look at it because he thought he might wanna flip it. And his laser level showed that one side was almost a foot lower than the other. It was so noticeable that when you're standing outside, you can see the house leaning towards one side, but it was the spring market. So we listed it at 219,900.[00:05:02.830]We had an open house and I had to stop the traffic from coming in. The house was full and there was people lined up on the sidewalk. Again, spring market in Winnipeg, even though it was beginning of February. It was a nice sunny day, was relatively mild and they were coming out. So in the end, we ended up with five offers and the house sold $255,000. It sold for 5000 dollars more than the fixed up one down the street sold just two months earlier.[00:05:31.160]That's the power of the spring market. That's the power of bidding wars. I'm not going to say I did such a fantastic job in marketing this. It was just, it's a timing thing. And it's sometimes a bit of a luck thing and it doesn't seem fair. It doesn't seem right that that first house was head and shoulders above this one, but we sold for five thousand dollars more. And that's what spring market and proper timing can do.[00:05:54.920]So I've always been telling people if they ask me, when's the best time to sell? The best time to sell is right at the very beginning of the spring market. In that second example, that was February. Right now, in 2020, that is right now in May because the spring market has been delayed. But I'm seeing the activity that we saw a few years ago in the early spring. I'm seeing that right now, the houses that the listings are getting a ton of showings and multiple offers.[00:06:24.140]So if you have a choice, sell or list your house at the beginning of a spring market, whenever that is. If you have to sell at other times a year, there's nothing wrong with that. You just have to adjust your pricing strategy to meet whatever that market happens to be at that time. So if you're thinking of selling your house or condo in Winnipeg at any time of year, give me a call. It's Bo Kauffmann Remax Performance Realty (204) 333-2202[00:06:51.230]I will develop a marketing strategy that meets the current market demands. And hey, if you're still with me at this point. Why not grab my free podcasting app available for iOS and Android device? It's super easy. Just go to Winnipeg.tips/apple or /android. That way you'll never miss another episode about Winnipeg real estate or both.
8 minutes | 7 months ago
(EP: 125) Winnipeg Real Estate Market Update May 2020
Looking at the sales of homes and condos during April 2020. How did Winnipeg's real estate market do during the first full month of the pandemic?For more real estate info, check my blog at https://blog.winnipeghomefinder.comNever miss an episode. Install our FREE Podcast App available on iOS and Android.For your Apple Devices, click here to install our iOS App.For your Android Devices, click here to install our Android App.Check my videos on Youtube[00:00:23.390]Welcome, everybody. It's mMay first and I take a look back at all the sales in April, the entire month, and that is the first full month in this pandemic, as you may remember. The markets, everything was shut down around the middle of March.[00:00:36.460]So March's report was still half normal, half pandemic. So now we're taking a look at the first full month to see what numbers have done. Bottom line listenings her down, sales are down, but the intensity remains. I'll show you what I mean. And I usually compare to the previous month. But really, the best way to compare is to the same time period previous year.. So what we have is last year in April, we sold 85 condos.[00:01:01.720]This year, 42. So that's half. Last year we sold 558 houses in that time period. This year, just 375. These are numbers for inside Winnipeg. And they're gonna be different than what Winnipeg REALTORS® puts out simply because Winnipeg REALTORS® covers the entire south east quadrant of Manitoba, including Steinbach and Portage LaPrairie and Selkirk, whereas I'm looking at only Winnipeg. All right, let's look at available listings. So last year, this is under a quarter million dollars.[00:01:30.280]Last year we had 363. This year we've got 285. So that's quite a bit down. Last year, 250000 to five hundred thousand dollar homes. At the end of April, we had 694 this year, just 590. So that's down about 14, 15 percent. And the luxury homes last year we had 378 available this year, just 338. So that's about 40 down. That's another 10, 11 percent.[00:01:57.460]So as I mentioned before, listings are down, but so are sales last year, quarter million dollars or less. We sold 156 homes, this year just 93. In the 250 to five hundred thousand dollar range, Last year we sold 357, this year, just 247. So that's about a 30 percent drop.[00:02:16.270]And last year, in the luxury home range of half million or more, we sold 45 homes this year, just 35. So as you can see, listings are down and sales are down. So how do you correlate the numbers? I mean, if one of them is significantly different than the other, it will have an effect on whether it becomes a buyer's market or a seller's market. And to look at that, we take what's called an inventory quotient.[00:02:38.350]So we take a look at how many days it would take to sell everything that's out there at the current sales rate. The lower the number, the hotter the market.[00:02:47.000]So last year, under 250000 dollars, it was 72 days. This year, it's 92 days. So it would take an extra 20 days to sell everything that's out there so that it's become a slower market than last year, same time. The same holds true for all the other price ranges at 250 to five hundred thousand dollar homes last year with 60 days.[00:03:07.300]This year it's 72. And for luxury homes, last year, 260 days, this year 290. The difference between last year and this year will become even more pronounced in the condo section, as we're going to see right away.[00:03:20.740]Comparing last year to this year under 250000 dollars last year, we had 383 Condos available. This year, just 322. So that's about almost 20 percent less listings. Quarter million and up. Last year we had 312 available this year 290.[00:03:36.610]And looking at sales for condos under 250000 last year during the month of April, we sold 54. This year, 26. So less than half last year in the quarter million and up, we sold 31 condos this year, 16 again, just half of what we sold last year. And this becomes really noticeable in the days of inventory condos under quarter million. Last year we were at 220 days. This year, 370 days,[00:04:03.720]Condos over a quarter million, last year 312 days, this year, 544. So it is a very, very strong, hot buyer's market as far as condos go. Great time to buy a condo if you're looking to buy an investment condo. Probably never been a better time than right now. Interest rates are low, inventory is still out there, and the competition for those condos is low. So you should be able to get yourself a pretty good deal on a condo.[00:04:28.240]I also like to look out to see how sellers are reacting. Are they now listing houses and condos at the same rate as they were last year? So last year, this time period, we had 1144 new listings come to market last month, just 817. And this month that's down to 698. Same thing happens with condos. Last year, 309 came to market, last month just 271. And this month just 186.[00:04:56.980]That's down about 40 percent in listings. Now, I really don't know who said it. It may have been Warren Buffett who said "if everybody else is buying sell, if everybody else is selling buy. Unfortunately for the most people and I fall victim to this as well, they start developing a bit of a herd mentality so that if everybody else is not listing, well I'm gonna hold off too, which is really not the right thing to do right now.[00:05:22.390]Listings are down, and sales are down, too. But as I said earlier, the intensity is there. And what I mean by that is this. I just listed a house out in West St. James. We ended up with 45 showings and 15 offers and it sold for 30 thousand dollars over. The intensity remains. Just took a look at North Kildonan. There was an area where I'll be listing a little bungalow bungalows of similar size in the last month.[00:05:46.420]There were seven of them that have sold in North Kildonan. Four of them sold for above-asking. So again, intensity is there. The buyers that are out there are serious about buying a house. So don't be afraid to list your home at this point because other people are holding off. That means you're going to have less competition against other similar places on the market. So if you're looking to buy or sell. Give me a shout thats Bo Kauffmann Remax performance (204) 333-2202[00:07:20.190]And hey, if you're still with me at this point, why not? Grab my free podcasting app available for iOS and Android device. It's super easy. Just go to http://winnipeg.tips/apple or http://winnipeg.tips.android. That way you'll never miss another episode about Winnipeg, real estate or both.
10 minutes | 7 months ago
(EP: 124) Winnipeg Exchange District - Living and Working
Living and working in Winnipeg's Exchange District. Interview with someone who knows!For more real estate info, check my blog at https://blog.winnipeghomefinder.comNever miss an episode. Install our FREE Podcast App available on iOS and Android.For your Apple Devices, click here to install our iOS App.For your Android Devices, click here to install our Android App.Check my videos on YoutubeA few links: Productivity & work-at-home resourcesIndie Author Weekly podcast@Saganlives on Twitter & Instagram What's Winnipeg's Exchange District like? Let's talk to somebody who lives and works there. That's coming up next.[00:00:10.100]You're listening to the Bo Knows Real Estate podcast, tips and advice for homebuyers, buyers, sellers and owners with award winning Remax agent Bo Kauffmann.[00:00:25.860] - Bo Kauffmann - REMAXWinnipeg has a lot of fantastic neighborhoods, some well known like Osborn Village and Corydon Village, and another rapidly growing and expanding district is the Winnipeg's Exchange District. Now, some of you may know I've been publishing a blog for all going on 12 years now, and I've been publishing a podcast for about eight or 10 years.[00:00:45.270] - Bo Kauffmann - REMAXAnd a young lady by the name of Sagan Morrow has been writing articles for my blog almost from about 10 years ago. And I know she has a condo in the exchange district. So I went to her when I wanted to talk to somebody about life and work in that district. I reached out to her and she was more than willing to come on to the podcast. So by way of introduction, Sagan Morrow teaches busy, time crunched solopreneurs, how to build their own successful home based businesses without the overwhelm, through online courses and business resources at Sagan Morrow. com I'll have the links in the show notes. She specializes in productivity tips and action oriented strategic planning for multi passionate creatives. Sagan has over a decade of experience as a freelance writer and hosts the indie author weekly podcast. When she isn't teaching solopreneurs or doing freelance work for her own clients, Sagan likes to write romance novels. All right. So I'm here with Sagan, moral productivity strategist and author and Sagan that's been living in Winnipeg exchange district in a condo for quite a while.[00:01:58.440] - Sagan MorrowHow many years, Sagan?[00:01:59.940] - Sagan MorrowIt's been ten years now.[00:02:02.880] - Bo Kauffmann - REMAXAnd same place in a condo?[00:02:04.760] - Sagan MorrowYes. Yes. I bought my condo. I lived. I lived in author and village briefly. And then in West Broadway. And then this is the first the first condo that I bought. It was the first place I ever even looked at when I was looking for a home. And I just fell in love with it immediately. And I bought it and I. I've been here ever since. I'm very happy here.[00:02:25.500] - Bo Kauffmann - REMAXIs it one of those, like I'm not asking for your address here, but is that one of these, like, warehouses that's been converted which what the exchange district is really known for?[00:02:34.230] - Sagan MorrowYes, that's exactly what it is. You've got like exposed brick and all that. Yeah, OK. Very nice. All right.[00:02:42.000] - Bo Kauffmann - REMAXSo you've lived in always the like he said Osborne Village and some of the other nice areas. What do you like about the exchange district?[00:02:48.630] - Sagan MorrowYou know, it's been really wonderful to live here over the past 10 years and see how much the exchange has changed and grown and evolved over that time. It's been absolutely incredible to see how many more people are in the area. And I love it. It's such a cultural hub and that there are so many different things that you can do. And it's absolutely beautiful with all of these historical buildings. It's it's such a central place. That's just wonderful.[00:03:16.560] - Bo Kauffmann - REMAXRight. What are some of the things that list some of the things that you like to do and maybe some that most people don't really know about?[00:03:25.320] - Sagan MorrowSo, you know, the little boutiques and that kind of thing in the area are so lovely. There's a lot there's a very strong sense of community that I think a lot of people don't even realize is a theme in the exchange. But it's true. You know, when you go to the restaurants, when you go to these little boutiques, you get to know the people who are working there and they are just absolutely wonderful. We have just such amazing people living and working and the exchange district and its such a walkable community as well.[00:03:53.460] - Sagan MorrowI mean, there's you know, you turn a corner and there's all kinds of new things to look at. And there's, yeah, there's just many different components to the area and having really, really cool little parks nearby and being so close to the river and all of that as well. I mean, the Forks is super close to walk, right? Wow. Really neat.[00:04:13.230] - Bo Kauffmann - REMAXYeah. And the exchange actually is on both sides of Main Street. Right. So you're talking about the west and the east side of Main Street. Yes. Yes. What about restaurants? Is there is I understand there's quite a few restaurants in that area.[00:04:26.640] - Sagan MorrowYeah. I am a huge fan of Peasant Cookery. They make a wonderful French. Seventy five. I'm I also absolutely adore Keenon Ban. Their sandwiches are wonderful. The wet and dry department above the Mitchell block on the other side of of Main Street is really wonderful. The fourth cafe and fourth bar are so glad. And I also have really enjoyed Cordova Tapas, which is, you know, a bit of a bit of a jam, I think in the exchange that a lot of people don't really think about.[00:05:01.050] - Sagan MorrowWhen you're thinking about Tapas Winnipeg, you often think about Segovia, which is a bright place in the village. Right. Right. Cordova is really great as well.[00:05:08.670] - Bo Kauffmann - REMAXWhere are they located again?[00:05:10.490] - Sagan MorrowCordova is on Albert Street. Okay. Yeah. Right.[00:05:15.000] - Bo Kauffmann - REMAXYeah. You're saying it's all within walking distance and that's a good thing because I think parking a lot of people, when they think about exchange, they think about the trouble there is parking.[00:05:23.200] - Sagan MorrowRight. So everything is. Once you once you found a place or you parked your car, everything's within walking distance. Yes, absolutely. And, you know, they've also done a really great job. I was I was quite impressed when they when they added in the bike paths I was a little bit concerned.[00:05:37.720] - Sagan MorrowAt first I was like, oh, no, how. How was how is this going to go? But the bike parts are absolutely wonderful in the area. They've done a really great job of separating them from the street so that it is quite safe for for people cycling. So there's a lot of different ways to to move around the area, which is great.[00:05:56.830] - Bo Kauffmann - REMAXMost people that would just say that a lot of people that live in the exchange also work in that area or or is catching a bus. Is that no problem getting transportation out into other areas of town?[00:06:08.740] - Sagan MorrowThe bus system is really good. I mean, it's for her, the transit system in Winnipeg great here at the general rule. But yeah, the buses are really great. You can get to pretty much anywhere in the city very directly through the transit system. But I would I would say that a lot of people who live in the area also work somewhere close by. And I mean for myself, I work from home, which is very lovely.[00:06:35.410] - Bo Kauffmann - REMAXRight. Well, maybe tell us what you do a little bit.[00:06:37.810] - Sagan MorrowOh, sure. I am a productivity strategist, Sipes. I teach people how to manage their time and energy effectively. And I also write novels and I do some freelance writing and editing, as I can attest to, because Sagan's been writing blog posts for me.[00:06:56.770] - Bo Kauffmann - REMAXWe've been doing this for about ten years and like I said, we've never met in person. It's always been just over the phone or via email.[00:07:03.910] - Sagan MorrowYes, it's it's incredible that we haven't, you know, at some point ran into each other.[00:07:09.160] - Bo Kauffmann - REMAXWe should go for coffee sometime, but maybe when this whole thing is over. That's right. Yeah. Yes. Anything else you want to share with us about living and working in the exchange district?[00:07:20.470] - Sagan MorrowI think I just want to add that there is the exchange is a very unique part of Winnipeg and it's very special. And there are so many different aspects of it that no matter what your interests are, there is something for you in the area. I love going to see the theater at Manitoba theater center. I love going to the ballet and the opera. The Fringe is here in the summer. It was actually fantastic. I mean, the depth different festivals that take place at the Cube at old market square, really wonderful.[00:07:53.020] - Sagan MorrowThere's a lot of different small art galleries in the area. And people often don't really think about that sort of side of things. But, you know, once you start wandering the streets and you start looking around at the all these beautiful historical buildings, you realize just how many of them have these wonderful. Yeah. Galleries, not kind of famous part of them. So I would absolutely say, you know, take the time to explore the exchange and and really come down and enjoy it as a as an opportunity to see a little bit and maybe a different side of the city.[00:08:27.460] - Sagan MorrowRight. Right. It's just absolutely wonderful. And I would highly encourage anyone who's, you know, thinking about living in the exchange. I've always felt very safe here. It's it's a beautiful part of town and I adore it. I would highly recommend it to anyone.[00:08:42.970] - Bo Kauffmann - REMAXWell, you certainly have a lot of passion in your voice when you talk about it. So I was quite happy to hear to hear that. So. Well, thank you very much for spending the time with me. SAGAN And I'm sure will we'll talk again and you'll be writing another blog blog post for me again in the very near future.[00:08:58.750] - Sagan MorrowYeah. Thanks so much for having me. OK. Thank you. Sagan Bye-Bye.[00:09:02.660] - Bo Kauffmann - REMAXSo as we just heard, there's a lot of stuff to do and see and restaurants to to visit in the exchange district. So I just took a quick look at the market and there are currently 14 condos available in the exchange district. Priced anywhere from two hundred thousand dollars at the low end to just a shade over five hundred thousand dollars for a nice luxury unit on waterfront drive.[00:09:24.700] - Bo Kauffmann - REMAXSo if you're looking to buy a condo in Winnipeg, whether it's in the exchange just trigged Osborne Village or anywhere else, give me a shout. It's Bo Kauffmann Remax Performance Realty 204-333-2202.[00:09:36.950] - Bo Kauffmann - REMAXAnd hey, if you're still with me at this point, why not? Grab my free podcasting app available for AOS and Android devices. It's super easy. Just go to Winnipeg. Got tips, slash Apple or slash Android. That's Winnipeg dot TIPS slash Apple or slash android. That way you'll never miss another episode about Winnipeg real estate or both.[00:10:03.880]You've been listening to Bo Kauffmann of Remax Performance Realty. Are you thinking of buying or selling a house or a condo in Winnipeg called Bow at two zero four three three three two two zero two. Remember Bo Knows Real Estate?
7 minutes | 7 months ago
(EP: 123) Aluminum Wiring in your home? - Whats the big deal?
Why are insurance companies getting concerned about aluminum wiring? What should a home owner, or a home buyer, look out for?For more real estate info, check my blog at https://blog.winnipeghomefinder.comNever miss an episode. Install our FREE Podcast App available on iOS and Android.For your Apple Devices, click here to install our iOS App.For your Android Devices, click here to install our Android App.Check my videos on YoutubeBo Kauffmann 0:00 Do you currently own or are looking to buy a home which has aluminum wiring? What's the big deal? We'll talk about that next.Unknown Speaker 0:10 You're listening to the bone nose real estate podcast tips and advice for home buyers, sellers and owners with award winning REMAX Agent Bo Kauffmann.Bo Kauffmann 0:24 You've probably heard that insurance companies are paying special attention to homes which have aluminum wiring. Well, what's the problem? Really, there isn't any problem. Aluminum is still being used today in industrial and commercial application. So for example, large warehouses, office buildings, industrial complexes and everything. It's being used today by companies because it's about a third the price of copper, a ton of aluminum right now costs about 1500 dollars US while a ton of copper costs well over $5,000 us and so it was that back in the 1960s a residential home builders thought They might have a better cheaper product on their hands. So you're looking at the prices of copper in 1962, they were about 30 cents a pound. And by 1966, they had more than doubled. So homebuilders, even though for for a single home, it might only be 100 or $200 difference, but if a home builder builds 234 hundred homes a year, it can add up. So they're looking for cheaper alternatives, and they settled on aluminum. Now like I said, What's the problem with aluminum? Well, there's no problem as long as it's treated correctly and upgraded correctly. And here's what happens. Let's say you have a 1970 bungalow that was built by a builder using aluminum wiring, they would have used aluminum switches, aluminum plugs, aluminum rated light fixtures, all those things are called devices by electricians. So all the devices that would hook into that house would be rated for aluminum. Now fast forward to 1995 as an example, the current owner of the home wanted to give it an update. So new paint, new floor. And of course, we're going to update the lights and why not update the switches and wall plugs to make them look more modern. So you go to Home Depot, and you find that a copper light switch is $1, whereas an aluminum rated light switch is $8. So what most people do well, they go with the cheaper stuff. And that's when the problem comes in. You'll have aluminum wiring, hooked into copper light switch, aluminum and copper, very dissimilar metals, they will heat and cool and shrink and expand at different rates. And over the years as this happens, they'll start to work themselves loose, causing corrosion and eventual sparking and that's what causes fires. Until a few years ago, insurance companies had grandfathered these types of homes. So if you owned a home for the last 20 years, insurance companies weren't bothering you. If you went out and bought a home then a new buyer would be required by insurance companies to get an inspection, electrical inspection with a certificate to show that they All the wiring is safe and has been treated properly. The devices are the right ones. And if they're not that they're at least hooked up in a correct way. That was until recently. However, now insurance companies are even sending letters out to owners of homes that are that are known to have aluminum, asking them to get an inspection before they get the annual insurance renewal. It's important to note that different insurance companies have different standards. With some of them, it's good enough that you have an inspection and that the property devices devices are installed that they are installed properly. The connections are tight, made with the correct marettes, and done in a proper way. However, I've also heard recently of some insurance companies are recommending and even demanding that the house be rewired. Now, that's not a standard yet, but if your insurance company does demand that you can either get a different insurance company or fork out the money well what kind of money are we talking about? Well, I sold a side by side a couple of years ago that was about 903 square feet and Northcote Dornan and the buyer had to get all the devices that's plugs and switches replaced by aluminum rated ones. And there was about 40 of them in this house. So 40 light switches and, and plugs. And all the lights themselves had to be hooked up in a proper way. And that ended up costing 1500 dollars for an electrician to do that, that was just on the main floor, how to take that step further and rewire that whole house you're talking about probably 10 to $15,000. So it's significantly more but like I said, as far as I know, at this point, that's not a requirement for every insurance company and if yours does require you to do that, I would say shop around for four different insurance company to see if you can get away with just having an inspection and having it certified what kind of homes are likely to have aluminum wiring. In North Kildonan, Windsor Park, West St. James old St. Vital, homes that are built between the mid 1960s and up to about 1970- 76 are suspect in this. One home inspector tells me that aluminum wiring might have been used as late as 1980. Although I personally have not come across this, so likely 1968 to 1976. If you're in one of those areas in town, you can you can check easily pop a cover of one of the light switches or a plug and if you see a shiny silver wire, and then your home will have aluminum wiring, no need to panic, but it is one of the questions that when you're selling your home, there's a 19 question questionnaire called the property disclosure statement. And one of those questions Question number 15 asks whether you're aware that your home has aluminum wiring led plumbing or mold or radon gas etc. So if you are aware and you know that your home has aluminum wiring, you have to disclose it to the potential buyer. Now that's it for aluminum wiring. Like I said, it's not the end of the world. It is it is treatable, you can fix it and worst case scenario you have to replace the wiring but that's not the case. Yet there are there are mitigation steps you can take. In another episode I will talk about something that's a little more concerning and that is knob and tube wiring. And hey, if you're still with me at this point, why not grab my free podcasting app available for iOS and Android devices? It's super easy. Just go to Winnipeg dot tips slash Apple, four slash Android. That's Winnipeg dot t IP s slash apple or slash Android. That way you'll never miss another episode about Winnipeg, real estate or both.Unknown Speaker 6:35 You've been listening to Bo Kauffmann of REMAX performance Realty. Are you thinking of buying or selling a house or condo in Winnipeg? Cobo at 204-333-2202 remember bone knows real estate
8 minutes | 7 months ago
(EP: 122) Covid-19 - Sanitizing Homes & Cars - New Product
Want to sanitize and disinfect your car and home against Covid-19, SARS, H1N1 as well as germs? Here is a new product and service that will help do that.For more real estate info, check my blog at https://blog.winnipeghomefinder.comNever miss an episode. Install our FREE Podcast App available on iOS and Android.For your Apple Devices, click here to install our iOS App.For your Android Devices, click here to install our Android App.Sanitizing homes and cars. Introducing a brand-new product and service here in Winnipeg coming up next.You're listening to the Bo Knows real estate podcast, tips and advice for home buyers Sellers and owners with award-winning Remax Agent Bo Kauffmann.All right, so a couple of weeks ago friend mine who is the business development manager at Eastside Collision is name is Doug McGuffin reached out to me and told me about a brand new product that they are importing or bringing into Manitoba and they hold the sport for I believe western Canada. And it's a product that helps people disinfect their cars and it can be taken a step further. So let me introduce Doug Magoffin and let's find out more about it.All right, so I'm here with Doug of East Side Collision and he's told me about a great new product that they got a hold of that helps sanitize, disinfect cars. Doug, tell me a little bit more about it.Yeah, for sure Bo thanks for having me. So we came across a new product. It's called Environize natural vehicle disinfecting and sanitizing service and what this is about is it's a new way for us to clean and sanitize your vehicle prior to it coming into the shop just to ensure everyone's safety. With the recent events of what's going on nowadays, everyone's health and safety is of utmost importance. So what we've done is we've taken it upon ourselves to ensure the safety of our clients and our staff. So we're going to be sanitizing every vehicle that comes into East Side prior for repairs.And after we return it back to the customer and what this product does it's a fogging system that allows us to get into every nook and cranny inside a vehicle and the fogging machine will get in there with the solution our Environize solution and kill and destroy, in fact any of the harmful bacteria or viruses that may be in there. I kills everything like mold mildew, bacteria, viruses such as E coli, H1N1, covid. So everything that's out there nowadays if people are worried about this disinfectant cleaning will will take care of that.So that's awesome. So if somebody brings in their car for Auto Pack repairs, you said you're going to do it when the car first comes in and then you can do it at the end when the car goes back to the customer as well.Yeah, that's correct Bo. So we're going to bring it in we're going to disinfect it. It when it comes into the shop. So the safety of our of our technicians is going to be taken care of and then prior to releasing the vehicle back to the client after we've done our quality assurance test. The vehicle will be parked in our service Bay and it will be fogged One Last Time prior to us giving the vehicle back to the customer and all they do is they get in the car themself and drive it out the shop. So it is our version of a note touch service.Now I can think of a lot of different companies and services that could benefit just from having their cars done even without Autopac repairs. So I'm thinking police vehicles, ambulance, taxis, moving vans, anything like that. Do you offer this service to somebody who is not going through an autopac claim?Yes Bo. That's a very good question. We have had a number of people inquired about that have their own their secondary Vehicles whether or not they can have this service done. So there is a need for this and there are people that are interested in it. So for your regular passenger vehicle, it's going to be a wipe down and sanitizing fog of your interior. Vehicle and that cost is going to be 29.99 and we would ask that you would make an appointment for that service to be performed and it's just a matter of about a half an hour at the shop and you're on your way.Tell me what number would they call to make that appointment?You can call us at our main office number which is area code 204-237-7111, and any one of our helpful staff would be more than happy to book an appointment for you.Is that just on the merrion street location, or is it elsewhere too No this is available at any one of our three Facilities so we have our Marion shop at 847 for Marion Street. We have east side. truck collision which is out on Inkster in route 90 and then we also have Moray Auto Body and Glass on Moray St..Okay, so that as exciting as that all is for cars what really gets me going is that you can offer this service to anybody who's moving into a house. Let's say for example, so let's say somebody bought a house from me and they're moving in next week. I could hire you to do this service for the house.That is correct. So again, it would be the exact same application with the fogging machine. We come perform a general wipe down of any of the high touch areas such as your door knobs your light switches anything in the house that that you're touching on a regular basis and you may leave oil off your hands and your fingers the bacteria and viruses get trapped in that so just to take it a step further we wiped out on those high traffic areas and then it's just a matter of walking through the house with are fogging machine. And again, it gets into every nook and cranny and kills all the bad stuff that you don't want your house.Okay, so you create a fog inside the house it settles and kills germs and viruses on contact is that what I understand?Yes, that's correct. The product is made up of chlorine, sodium and water and it's a very low dosages. It is approved by Health Canada. So there is a drug and identification number along with it as well. And again, it settles just like a fine do in the morning that you would see on your vehicle. It leaves no residue and you may smell a faint smell of a pool smell for 10 minutes or so on green. Yep. Chlorine spell yeah, right.Awesome. That's that's really exciting. So REALTORS can just give you a call at that same number, and offer this as a service.That's correct.Well, okay so as dismissed settles that doesn't matter whether it's carpet or hardwood floors or linoleum on the floor. Does that matter?No, it doesn't matter. We just try to keep it away from any electronic surfaces, of course because it is a wet application, right? But other than that it you would see no residue, it's really best to do when the house is empty when like just before you move your furniture and kind of thing problem. Yeah, it would be it would be a little bit more difficult to get in all the different areas if the house was full of furniture, but it would be best to apply it, you know in an empty house.That sounds really exciting. Well, thank you very much Doug and I appreciate the time. No problem. Go have a great day. And thanks for having me you to take care Buddy .All right, that was very exciting news. And so I'm now going to match it with this exciting offer if you're going to buy a house or a condo and use me as your agent and the house or condo is worth $200,000 or more. I will offer this service free of charge on The Possession data so that you know, you're going to be moving into a clean sanitized disinfect that house now keep in mind that the house itself won't be necessary cleaned, but all the germs on the viruses will be taken care of when you move in. So who do you know is looking to buy house or a condo April May and June because I Run this forever. I'm going to be having the service offered to you and performed for you on possession date remind me when you buy a house with me remind me of this offer that you heard it here. And I think this is a very exciting development for houses and for cars and hey, if you're still with me at this point, why not grab my free podcasting app available for IOS and Android devices. It's super easy. Just go to Winnipegdot tips / apple / or so. Android that's Winnipeg dot t-- / IPS apple or / Android that way you'll never miss another episode about Winnipeg real estate or both. You've been listening to Bow Kaufman of RE/MAX performance Realty. Are you thinking of buying or selling house or a condo in Winnipeg? Call Bo at 204-333-2202 Remember bo knows real estate.Check my videos on Youtube
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