Winnipeg Real Estate Recipes |

Winnipeg Real Estate Recipes

Recipe for Selling a Home and Creating a Bidding War in Winnipeg

According to the powers that be, we are not supposed to help the seller of a property price their home below market value to create a bidding war as this is misleading to the consumer. This is understandable as no one wants to be told that something is a dollar only to find out that its 2 dollars. The reality of the current marketplace in Winnipeg is there are more buyers than sellers, thus more demand than supply. When this happens, it is almost a certainty that people will ultimately pay whatever it is they have to in order to get what they want. The Winnipeg Jets are a good example of this. Check the ads online for the cost of tickets. They are well over what the face value is and people will pay to go and watch professional hockey. Given the opportunity to represent a seller in today’s market place, I will provide them with all of the information to help them make a good decision. This would include historical data as to when the best time of year to sell would be the asking and selling prices of homes similar to theirs, the prices of homes similar to theirs that failed to sell and the strategies involved in marketing once the property hits the market until showings begin and offers are accepted. Once offers are received then we revert to the strategy outlined in a previous blog to make sure the seller ekes out every last penny from their home. This is a fairly straight forward process; however, sales people are not all created equal. What works for one, may not for another. It’s all about communication. Tell the consumer everything and let the consumer make the decisions based on their needs and our professional guidance. With over 2600 sales in my career, experience, honesty and integrity can many times put more money in the consumers pockets than selling on their own can. No obligation consultations are available anytime.