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To be perfectly honest I am not sure where to start.  The last few weeks have turned into something straight out of a Science Fiction novel.  Mandatory shut downs, people self-isolating and social distancing. People buying way too much toilet paper, I joke.  Really though I believe this whole Coronavirus pandemic has everyone thinking twice about a lot of things in life. 


I remember watching in January as China had a goal to build a new hospital in 10 days to fight the virus and try to help save lives.  I couldn’t believe that a country could do something that fast.  There is no chance that in Canada, or Winnipeg in particular we would be in a position to do something of that grand scale to battle this crazy illness.  Obviously our governing bodies, both in the province and the country have been watching the spread of this virus and the possibilities that can come from it.  We are lucky that the city we live in has SPACE! Social distancing is something we have the ability to do.  I was in Costco this week, I waited in line like everyone else and got into the store to find roomy aisles, no crowding, no one running carts into each other, it was probably the most pleasant shopping experience I have had in a long time.  People are being smart and while some of that may be an inconvenience it is so necessary.


Agent Logan Queen Top Realtor WinnipegIn our house both Jen and I are Realtors, which as of today was declared an essential service.

This means we will still be working and helping our clients who need to buy or sell a home find what they need.  We completely understand the social distancing and staying home, we have two young children at home, one who’s preschool is closed due to the virus and the other who is usually home with us has a weaker immune system.  So we are not intentionally trying to put ourselves in harm’s way by continuing to work.  We have taken every precaution we know to maintain distance from people, and to keep ourselves and our family safe, as well as our client, and their homes.   


I guess my biggest take away from this so far is how much negativity and doom and gloom there seems to be out there.  Yes we are isolated, yes we are all having to change the way we do things in our daily lives.  However there is a reason for it, and that is to ensure that as many people as possible are able to go back to their normal lives when this is all figured out.  I too can take it for granted when I have two kids screaming at each other because they are bored and want to do something other than be at home, I get it we all would like to have the option to do other things.


However, I choose to look at the good things that have come out of it. Personally I am getting to have a ton of quality time with my family, we are able to eat almost every meal together, prepping and cooking with the kids is a great learning experience and a good test of patience for all of us.  We have been baking, crafting, playing, laughing, crying, but we have been able to do it all together.  We have more time to appreciate our home, yard and neighborhood while we find creative things to do without “going somewhere”.  Finding new games to play with the kids, seeing their enjoyment change day-to-day on what they want to do and how happy they are to just do something out of the norm.  For instance they had an extra long bath in our basement tub (the one with the jets) the Top rated realtor in Winnipeg MBother day with toys they don’t usually get to use in the bath and they loved every minute! For kids it really can be just that simple.


The gist of what I’m trying to say is maybe this is that time to do something you have been putting off, to read a book you have always wanted to read, to build that bird feeder you always wanted to build, or maybe you want to be the best Fornite player in the world.


the point is we have been given an opportunity from a very crazy situation that none of our parents, or even their parents have seen the likes of.  Let’s all embrace it as community, city, country and do what we can to beat this thing. If you can do something to help someone in need, do it.  If you need some help don’t be afraid to ask.  These are unprecedented times and everyone’s needs will be different. Let’s be kind to each other and most of all, stay safe everyone. 








Best Realtor in Winnipeg MB Coronavirus#AgentLogan


Logan Queen

Tel: (204) 226-1261
Email: Logan@JenniferQueen.com

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Well 2019 was another banner year for the Queen Team! More sales, bigger sales, a larger team, more awards, you get it. But honestly, where did the year go?  As I sit down and look at my calendar from 2019 I see a lot of 14 hour days consisting of team meetings, client appointments, agent mentoring, home inspections, various committees, open houses, etc.  You name it, we did it. We give everyone the funny, the good news, the excitement and the “pretty” on social media. We choose not to post the ugly, because we aren’t expecting people to feel “sorry” for us – it’s part of the job!  There are peaks and valleys in any job and that is what we signed up for! But in truth, the hours can be long, VERY long. There is no “closed” sign for clients – we’re here for them 24/7.


Sometimes we give more to our clients than our own family. We understand that there is a reason and a season, and the simple fact that they chose US, is what keeps our business going.


Milestones for the Queen Team in 2019:

Amy McDermid Top Realtor in Winnipeg#AgentAmy returned from maternity leave! In October, Amy returned to work full time after taking some time off to raise her sweet son, Gavin.  We are so glad to have her back.  She was the first person to ever agree to work with me – the poor soul.  She is a full time licensed realtor that brings a wealth of knowledge and experience to her clients and I know that this year will bring great joys and successes for her, both personally and professionally. Her dedication and commitment as a person shines through in all that she does, including now being a working Mom! She’s more than just a colleague and work wife, she’s become a great friend.


Real Estate Agent in Winnipeg#AgentAshton got married to her amazing husband, Mark!  She managed to handle showers, socials, and the planning of her wedding in 2019 and never broke a sweat! In fact, she had her own banner year in real estate and not only hit the sales goal she set for herself, she surpassed it by 25%.  She continues to astound me and I know that 2020 will bring even more good things for her.  She has a great work ethic, a fun and positive attitude, and her clients absolutely adore her for it.




Realtors in Bridgwater Winnipeg#AdminCarrie continues to be a rock for everyone – her team as well as her family. She is often the first in the office and she runs a tight ship. She has three teenagers; her son just graduated high school and is now in University. Her twin daughters just got their learner permits.  Bless her soul! She has a huge heart, whether it be going above and beyond for one of our clients or team members, fostering dogs, driving all hours into the night to get her kids to their extracurriculars, or working longer hours than she is supposed to just to make sure everything around the office gets done.  The Carrie’s of this world are truly a gift and we feel so lucky to have her.


#AgentLogan and I bought our first two rental properties. We’ve helped many investors over the years and watched as their wealth grew.  Finally we got the nerve to take on the endeavour ourselves!  We have hired a property management company that deals directly with the tenants.  So really, it is a steady stream of passive income.  The goal for 2020 is to buy another 1-2 rental properties. I actually thought that buying rentals was going to be more challenging than it has been, but we have a great bank that has worked closely with us.  All we needed was the down payment and proof that the property rents could sustain the monthly expenses, and we were on our way!  The most important factor is finding the right deal so that the numbers make sense. This is something we are quite capable of doing!


REMAX Realtors in WinnipegWe finally updated our pictures in 2020 as well.  It was time.  My headshot was from the day I got my license in 2011.  I had been reluctant to have new pictures taken as I had a couple of children in that time, gained a few (or a lot) of pounds.  With the picture date in mind I set a goal to lose some weight, and lost 50 pounds in 2020 doing a modified Ketogenic diet.  For a long time I knew that carbs were not my friend, but I love cake.  Knowing these pictures were looming got my butt in gear and kept me motivated.  The goal moving forward is to do more regular updates.  We aren’t secret agents after all!


We finally incorporated our real estate business.  I know this sounds like the most boring piece of information, but it is something I’ve been meaning to do for a few years and was a huge undertaking but now a weight off my shoulders. Fellow Realtors, if ever you have questions about incorporating your own business, please feel free to reach out. I can put you in touch with a good tax accountant as well as a corporate lawyer or just talk to you about my experience with it. There are many tax advantages and strategies that can be implemented to multiply your tax savings!  Some of these tax savings have gone to the down payments for our rental properties!


Realtor Family TeamsOn a personal level, #AgentLogan and I discovered we are pregnant.  Yep, you read that right!  We are expecting our third child.  A lot of people commented when we had our son that we now had the “Million Dollar Family”.  But to us, our family didn’t feel quite complete. I looked at my dinner table in the future and couldn't imagine my life without 3 children. We are both one of three children, and we liked the dynamic that having two siblings brought.  Perhaps that, or we secretly love chaos in our lives.  Being outnumbered by children while running a busy real estate practice – sounds completely sane, right?  RIGHT?


For 2020, we dare to push the limits. 

I’ve written a pretty aggressive business/marketing plan for the year and we want to accomplish more than we have in the past.  We will dream big and aim for the stars. There is no goal we can’t attain and no task we can’t complete. We have exciting new things to come, new members joining and, just like always, creative and innovative marketing strategies to WOW our clients. 2020 - Look out!



Top Realtor in Winnipeg Manitoba#AgentJen


Jennifer Queen

Phone: (204) 797-7945
Email: Jennifer@JenniferQueen.com

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They’re here! They’re here! All of your photos with Santa, Anna, and Elsa from the Queen Team Client Appreciation event are ready for download courtesy of Brian at Empire Photography!  


Our link can be found here: https://www.empirephoto.ca/queen/ and should work for 90 days.


Realtors in Winnipeg ManitobaThanks again to all our clients for coming out to Landmark Cinemas, Grant Park to make this a memorable day! It was so wonderful to see all of you, enjoy some treats, watch a couple good movies, and catch up. We were completely overwhelmed by the positive response and it has left us wanting to do this again, perhaps more than once a year!  Thank you as well to everyone that brought a non-perishable food item for Winnipeg Harvest.  Your donations led to a truck full of food for some very grateful families.  Thank you again to you all.  We truly do believe that we have the best clients, and you all proved that yesterday! We love you! We’ll see you all again next year!


Realtors in Winnipeg Manitoba


Agent Ashton Augert in Winnipeg ManitobaRealtor Client Appreciation PartyRealtor Amy McDermid Top Real Estate Team


Top Real Estate Agent in Winnipeg#AgentJen


Jennifer Queen

Phone: (204) 797-7945
Email: Jennifer@JenniferQueen.com

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The new First Time Home Buyer’s Incentive (FTHBI) came into effect in September 2019. The program is aimed at making it easier for young people/eligible Canadians to buy their first home by lowering the monthly mortgage payments. The federal government agreed to a $1.25 billion CMHC First-Time Homebuyer Incentive over three years. It will provide 5% of the cost of an existing home up to a maximum of $500,000 and 10% of the price of a new home. While it sounds like the federal government is providing an interest-free loan, know that they also secure shared equity in your home as it goes through gains and losses. This means the amount paid back to the government will fluctuate based on how much your home increases or decreases in value.

There are a few notable conditions to watch out for;

  • Applicants must have a down payment of at least 5% and no more than 20%. (CMHC insurance must apply)
  • Household income must be less than $120,000
  • The mortgage cannot be more than four times the homebuyers' household income.

Buying Your First Home in WinnipegFor example, if you buy a $400,000 home with a minimum down payment of 5% ($20,000) you would be eligible to receive $40,000 for a newly constructed home through CMHC. As a result, instead of taking out a $380,000 mortgage, you will borrow $340,000. On a mortgage at 3.5% the monthly savings over the 25-year amortization period is more than $200.

  • Applicants must not have owned a house in the last four years – exceptions will be made for those in a "breakdown of marriage or common-law partnership."
  • The loan must also be paid back under two circumstances:
    • if you sell your home;
    • or at the end of 25 years

The current mortgage stress tests for both insured and conventional mortgages remain intact, however, as CREA states in their federal budget bulletin, “The government will continue to monitor the effects of its mortgage finance policies and adjust them if economic conditions warrant.”


In addition to the FTHBI the Liberal government also increased the amount first time buyers are allow to withdraw from their RRSP for a down payment. A $10,000 increase in the federal Home Buyers' Plan to allow a maximum withdrawal of $35,000 from one's RRSPs to put towards a down payment on a home. This allowable withdrawal for first-time buyers has also been extended to apply to Canadians after experiencing a marital breakdown in marriage or common-law partnership. The same repayment schedule applies with home buyers required to pay back their RRSPs over 15 years. 

First Time Home Buyers Incentive

Frequently asked questions about the new incentive:

What properties are eligible?

The new incentive is to help first-time homebuyers/eligible Canadians purchase their first home. Eligible properties include: new construction, re-sale home and mobile/manufactured homes. The residential properties can include up to 4 units. The types of properties include: single family, semi-detached (i.e. side by side), duplex, triplex, fourplex, town houses, and condominium units. The property must be located in Canada and must be suitable and available for full-time, year-round occupancy.

Can I buy a house using the program and rent it out?

No. The incentive is to help first-time homebuyers/eligible Canadians purchase their first home with the intent to live the property. Investment properties are not eligible for the incentive.

What are the terms of repayment?

The homebuyer will be required to pay back the Incentive amount after 25 years or when the property is sold, whichever comes first. The homebuyer can also repay in full at any time, without a penalty. Refinancing of the first mortgage will not trigger repayment.

How is repayment calculated?

  • If a buyer receives a 5%, the homebuyer will repay 5% of the home’s value at repayment.
  • If a buyer receives a 10%, the homebuyer will repay 10% of the home’s value at repayment.

Repayment is based on the property’s fair market value at the point in time where repayment is required.

Are there other costs involved with the First-Time Homebuyer Incentive?

There may be some additional cost associated with the Incentive:

  • Legal fees: Your lawyer is closing two mortgages so you may be charged higher fees.
  • Appraisal fees: You may need to have an appraisal done to value determine the fair market value of your home when thinking about repaying the incentive.
  • Other fees: Additional fees may be incurred throughout the life cycle of the incentive, like switching your first mortgage to a new lender or refinancing your first mortgage.

What are the mortgage details?

  • The maximum threshold for debt service ratios are GDS 39% and TDS 44%. This is only applied on the first mortgage and is subject to requirements by lenders and mortgage loan insurers.
  • Total borrowing is limited to 4 times the qualifying income. The combined mortgage and Incentive amount cannot exceed four times the total qualifying income.  The amount for the mortgage loan insurance premium is excluded from this calculation. 
  • The Incentive is a second mortgage on the title of the property. There are no regular principal payments. It isn’t interest bearing and has a maximum term of 25 years.  
  • The Government of Canada will share in the upside and downside of the property value upon repayment. 

 Is Mortgage Loan Insurance required?

  • The mortgage must be eligible for mortgage loan insurance through either CMHC, Genworth, or Canada Guaranty. The first mortgage must be greater than 80% of the value of the property and is subject to a mortgage loan insurance premium.
  • The premium is based on the loan-to-value ratio of the first mortgage only. That is, the first mortgage amount divided by the purchase price. The Incentive amount is included with the total down payment.
  • Mortgage loan insurance premiums may vary depending on the mortgage loan insurer and may be subject to provincial taxes. 

Can I switch my first mortgage to a different financial institution?

Yes, your first mortgage may be switched to a different financial institution without having to repay the incentive. The terms of the first mortgage may not be altered in this case.

If I decide to purchase a new property, can I port (moving the mortgage to a new property) the Incentive along with my first mortgage?

A Port is considered to be a sale which will trigger repayment of the Incentive.



Do you have a question regarding the new home buyer’s incentive? Feel free to contact me, I’d be glad to answer any of your real estate questions.




Top Realtor Amy McDermid REMAX

#AgentAmy


Amy McDermid

Sales Associate

Phone: (204) 470-5356
Email: Amy@JenniferQueen.com

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What fun would August be without a little contest?  None!  Okay, maybe that is a little strong, but we wanted to help you in prepping those kiddos by offering back-to-school prizes!  All your little ones (with your assistance) have to do is:


  1. Right-click on the colouring contest page below and print it out (we will have copies at our office if you do not have access to a printer)
  2. Colour using your preferred medium, whether it be crayons, markers, or pencil crayons, etc.
  3. Drop off your finished picture to The Jennifer Queen Team's office at 1601 Buffalo Place, Winnipeg MB no later than 11 a.m. on Friday, August 23rd, 2019. Can’t make it here in person? You can email us a picture of your work to Jennifer@JenniferQueen.com


Top Realtor Team Colouring ContestWinnipeg Realtor Colouring contestRealtors in Winnipeg Colouring Contest 




One winner will be selected from three different age groups:

Group 1: 3-6 year olds

Group 2: 7-9 year olds

Group 3: 10-12 year olds


The winner from each age group will receive a backpack loaded with the goodies seen above.  Just in time to head back to school!  Happy Colouring!


WINNERS WILL BE ANNOUNCED ON OUR FACEBOOK PAGE BY NOON ON MONDAY AUGUST 26th, 2019.

Right-click the image below to print!


Winnipeg Real Estate Team Colouring Contest

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The Importance of being an educated Buyer.

Buying your first home is easy, right? You look at houses online, go to a few open houses, write an offer, talk to your bank and voila! SOLD. I mean, of course you know what an encroachment is, title insurance? Closing costs? Differences between a deposit and down payment? Right? Making sure you are truly educated at every step of the process is paramount to a successful transaction. After all, this is one of the largest purchases you will ever make, so doesn’t it make sense to know all the facts first?


I have worked with my fair share of first-time home buyers, helping them to learn along the way and trust me, you are not the only one who doesn’t know how this whole process works. Situations change, deals become more complicated, processes may seem a bit confusing, which is why I must emphasize the importance of asking questions.


Us Realtors, we have done these transactions millions of times, sometimes (and I do mean SOMETIMES) forgetting that this is your first time. If we are explaining things too fast or talking about some condition you’ve never heard of, STOP US! Never feel embarrassed if you don’t understand a term or concept, we LOVE educating our clients, not to sound cliché but, “There is no such thing as dumb question”.


This blog will not answer ALL of the questions that will come up during your real estate experience, but I just wanted to share with you some of the most FAQ I have received from buyers in the past, giving you a head start on your journey! Enjoy!


I went online and filled out a questionnaire with my bank. Am I pre-approved?

Simply, No. There is a big difference between a pre-approval and pre-qualification. A mortgage pre-approval is a detailed letter from your lender letting you know the amount they are willing to lend you as well as the interest rate that they are locking you in at. It may also have conditions attached to it that you must fulfill in order to be approved for the mortgage amount. Before receiving the pre-approval letter, you will have to provide your mortgage specialist/broker with the required documents as well consenting to a credit check. A pre-qualification on the other hand, is something you may fill out online through your bank or financial institution, no documents are required and there will be no credit check. Before a lender will approve your mortgage, they will need all of these documents, so by having a pre-approval you are already ahead of the game when it comes time to securing those funds.


Did I mention it gives you the upper hand in bidding wars? Pre-approvals allow you to move fast when you find the right home, especially if there is someone else thinking it may be theirs as well!


I just started my home buying process and came across a house I love online, I don’t have an agent, is there a difference between using the listing agent or a Buyer’s agent to represent me? 

This one may seem obvious, but you would be surprised by the amount of people who don’t know the difference.

The seller’s agent (or listing agent) is the real estate agent that is listing the property. You will normally see their name on the sign out front, or on the listing online. These agents represent the SELLER. They have fiduciary obligations to their client (the seller), meaning they must disclose conflicts, avoid conflicts of interest and maintain utmost loyalty, as well as providing duty of care and their general obligations. In short form, the Seller’s agent is looking out for the best interest of the Seller.


Now on the flip side is a Buyers Agent. How you choose your agent is your own choice, but I highly recommend finding someone you mesh well with and trust. Whether it be by going to open houses, scrolling online or just someone you know, it is important to form that bond early. A buyer’s agent has the same fiduciary and general obligations to a Buyer as a seller’s agent to the seller. Therefore, the Buyer’s agent is looking out for the best interest of the BUYER.


I want to see a house on the other side of the city, I don’t want to inconvenience my agent, should I just call the listing agent and set up an appointment?

ALWAYS CALL YOUR AGENT. Remember what I just said about Buyers Agency? They are there to look out for your best interests. The seller’s agent still represents the seller even if they are the one showing you the house. If you have an agent who you are already working with, TRUST ME, they want to show you the house, even if you think its an inconvenience for them, its not, so call them, please…. One more time? CALL YOUR AGENT.  All Realtors have access to all MLS listings; therefore, your agent can show you every single one of them. There should never be a situation where you would have to set up a viewing yourself with the listing agent. Leave it to them. There are exceptions if you want to use the listing agent as your own, this is called dual agency, but please ask them to explain this fully to you before signing any agreement.

 

I see there is an Open House happening tomorrow but my agent can’t make that time, can I still go?

Of course, you can! Tell the agent at the open house that you are represented, don’t worry, they won’t mind at all! That agent will then follow up with US instead of harassing (did I say harassing?) you for the feedback.


On a side not, if you are still looking for an agent, open houses are great opportunities to “interview” potential agents and see if they are the right fit for you. Most times, the agent doing the open house is not the listing agent. Ask them some questions, (there is a theme here).


We LOVE it! Who writes the offer? My agent or my lawyer?

Your agent. Whoever is representing you at the time will write the offer for you, with you present and explaining terms and conditions as you go. It is always nice to familiarize yourself with the Offer to Purchase prior to writing an offer as it can look a little intimidating at first. Ask your agent for a spare copy, they will be happy to provide one for you.


People keep warning me about these things called “Closing Costs”, how much should I set aside for them?


Anywhere from 2-2.5% of the purchase price of the home. These closing costs include (but aren’t limited to): Lawyers Fees, Land Transfer Tax as well as Title Insurance.


I’m putting down 5%, my lender told me I have to pay CMHC fees, more fees!? What the heck are those?

This should be explained to you in detail when you are going through the pre-approval process, but I will give you a quick explanation here. If you are putting down less than 20% of the total purchase price as your down payment, you will be getting what is called a high-ratio mortgage. These mortgages have attached to them mortgage default insurance, which you will commonly hear being called CMHC Fees. These fees are not an upfront cost to the buyer but built into your mortgage. CMHCC Fees insure the lender in the case of the borrower defaulting on payments. They are calculated depending on the purchase price of the home as well as the amount you put down. Rate Hub has a great Mortgage Default Insurance Calculator.


What is a deposit? Do I have to come up with MORE money!?

A deposit is a portion of your down payment paid on the day you write the offer. This deposit acts as security for the seller, and lets them know you are a serious buyer.  Your deposit will be held in the listing brokers trust account (some exceptions) after acceptance of the offer. Once all conditions written in the Offer to Purchase are fulfilled, the deposit will form part of your down payment, meaning you will only pay your lawyer the remaining balance of your down payment at closing.  Now, if the conditions aren’t satisfactory to you, the deposit will be returned to you in full without interest. With that being said, there are situations where the listing brokerage will have every right to withhold that deposit, please ask your agent for examples of situations where this may arise.


I’ve heard of this thing called Title Insurance, do I need it?

I personally love Title Insurance, it’s a one-time fee you pay at closing that protects against losses arising from problems related to the title of your property. What does that mean you ask? When you are buying a home, you are registering your name to the title of that property. You want your title to be free from all defects that would prevent you from total ownership such as, unpaid liens from previous owners, encroachments not registered to the title or fraudulent ownership. Title insurance covers you from a number of risks, even if the defect existed prior to you purchasing the property. It normally costs anywhere from $200-$400.  You can always ask your lawyer to explain this further.


Home Inspections? What are your thoughts?

It depends on the situation. For the most part, I always recommend buyers to do a home inspection as they provide a tremendous amount of information in regards to the property. They will look at the structure, the roof, the utilities, the electrical etc. and they will likely get a whole lot dirtier in the process than you will from just a simple tour of the house. We will gladly recommend you to some of the best home inspectors around! Home Inspections normally cost roughly $500.00 and will last anywhere from 2-4 hours. 


I did say that it does depend on the situation though. There are some cases, such as when dealing with multiple offers, where a Home Inspection might affect the strength of your offer. Make sure you have all the questions you need answered before going forward, and always remember we are only here to guide you in this process, you always make the final decision.


I have only just skimmed the surface of what there is to learn when buying your first home. Never be afraid to ask the important questions and remember,


“The man who asks a question is a fool for a minute, the man who does not ask is a fool for life” – Confucius 


Jennifer Queen Team Agent Ashton#AgentAshton

Ashton Augert

Sales Representative

Tel: (204) 781-1767
Email: Ashton@JenniferQueen.com

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Are you thinking of buying a house? Then this blog is for you! 

You have decided to start the process of buying a house! YAY!  WHOOHOO!


That is serious business and it is also very exciting.  The question is: Where to start?

Now you may respond with “um have you heard of the internet?” and you would be right that is a great place to start, or is it?  Below I am going to run through my 6 steps for purchasing a home from start to finish.


In my opinion the absolute first step in your journey to purchasing your first property is simple:

1. GET A PRE-APPROVAL!!

How do you start looking for treasure without a map to follow? Think of the pre-approval as the paper you use to draw the map, without the preapproval you have nowhere to start. 


It doesn’t matter if you know what kind of house you like, how many bedrooms and bathrooms you want or that you definitely need to have a hot tub.  These things mean nothing if you do not know what dollar amount a lender will actually give you a mortgage for.


Mortgage PreapprovalWhere to go for a pre-approval? The best answer is to do a little research. Most places will do a pre-approval for free, but not all.  You can get a pre-approval from almost any financial institution. Banks, credit unions and mortgage brokers will be more than happy to entertain taking you on as a client.  If you need some names and places give us a call and we can direct you to someone who will help.  Keep in mind this can get in depth.  They are planning on giving you a significant amount of dough so they are going to ask for a lot of documentation and background info.  Don’t worry about what is in your financial past, it is better to be honest than to get a mortgage you can’t afford.


Alright you have a pre-approval! SUCCESS!! That is a big step and the right place to start.


Now what? Realtor.ca? KIJIJI? Points2home? Real Estate News?

YES!!


2. RESEARCH AND BUILD A WISHLIST!

Go online.  Look up things on social media.  Do some research on property types.  Do you want a house? Is a Condo more your thing? Are you handy? Do you want something that is a fixer upper or something you don’t have to do anything to? You may not be able to get everything on your wishlist within your budget, but you should definitely have an idea of what it is that you need.  2 or 3 bedrooms? Two storey or one? Do you need a bathtub?   There are a lot of factors of a home that you may or may not even know that you wanted so look around. Getting an idea of the important things will help guide you when you start to look at properties in person.


3. FIND A BUYERS AGENT!!

I cannot stress enough how important this one is.  You can’t drive past 2 bus benches in this city without seeing the name of a real estate agent and the companies they work for and you should have seen plenty of agents’ names while doing your research about property types. So look into some agents.  A lot of us have our own websites with biographies and other information.  Maybe there is an agent with a similar background to you, maybe your friend’s mom or dad is an agent.  Go to some open houses and talk with the agents hosting them.  The person there is not always the listing agent and in most cases would love to help you on your journey.  It doesn’t matter how you find the agent you want to work with, as long as you do choose someone to represent you.


Pick an AgentMy best advice in this is to be honest with whoever you talk to.  Telling an agent you are working with someone when you are not doesn’t really help anyone.  If you are looking on your own and are not yet represented then say so.  You don’t need to be scared about telling the truth.  At the end of the day we all want to make good working relationships and not everyone will mesh with every agent.  There is someone out there who you are going to feel will best represent your interests.  Tell the agent you are just starting your search and you are not ready to commit to anyone specifically.  Ask for a business card and if you like how they interacted with you, maybe you will ask them to represent you.


As an aside if you are just a neighbor who wants to see the home, say so.  We are hosting an open house anyway so you are welcome to come in, and the best way to feel like the agent is just being themselves with you is to be honest, we can see when you walk up to a property from across the street.  


Ok now you have picked an agent to represent you, AMAZING!!  Have a real honest conversation with them about your wants and needs, and what you can’t live without.  The agent can begin assisting you in your search. Our backend system saves you hours and hours of research as it scours the MLS for anything set up in your own curated search.  They will be the ones drawing the directions to the buried treasure. Not to mention, listings on our system can pop up 2-3 days before Realtor.ca!


It’s time to pick some houses to see.


4. VIEW HOUSES!!

Ask your buyers agent to set up showings for houses you want to view.  This may be one of the most important pieces of information I can give you. Once you pick a buyers agent contact them to do everything.  Every Realtor in Winnipeg has access to every property that is on the MLS so if you see a house you like you should contact YOUR agent, not the listing agent. Thinking they are too busy so you will book with the listing agent is not cool and could get your agent into some hot water.  If you pick someone to represent you, LET THEM.  That is what they want. They want to get to know you, how you feel about the houses, what you like, what you hate.  It helps us fight for your best interests when you do pick a house you love.


Now get into some houses! All of the online areas are great resources but nothing and I mean NOTHING can simulate the way you see a house in person.  The smell, the feel, the textures, the room sizes.  I really do mean nothing is the same in person as it is online.  The #1 comment I get when I host open houses is: “it looked different in the pictures.” And it’s true.  A camera cannot simulate the way you experience a home.  You may think that you like the idea of a two storey home, but when you view it you hate the stairs.  Maybe a carpet looks grey in a picture but it is powder blue in person.  You NEED to see a home to know if you like it, and perhaps love it.


So you have found a house that you LOVE, it has everything you wanted and it’s in your budget, now what?


5. WRITE AN OFFER!

The map is getting closer and closer to the big X.  It’s time to talk with your buyers agent and write up the offer.  They will know what all of the comparable homes in the area have sold for, whether there is room to negotiate or not (maybe it is an offer date and a competition) and how to get your offer from conditional to FINAL.  Your agent will negotiate on YOUR behalf.  Your best interests are what they are working for.  They are going to fight tooth and nail to get you the best price and terms.  This is the reason they got to know you in the first place.




6. CLOSE THE DEAL!

Now it is the home stretch, time to work hard and dig up that treasure.  Your offer was accepted and it is time to finalize your conditions.  Remember the Pre-approval? Well now the lender has turned that into a Mortgage.  Did you request a home inspection? Time to do it, and if you did it will be the best lesson in how to maintain a home and worth every penny in my opinion.  Finalize all of your conditions and the home is yours.  Your buyers agent can help you with the particulars of closing the deal completely by suggesting insurance providers and lawyers to finalize the paperwork.


CONGRATULATIONS!! You have purchased a home. In 6 steps you have been the dream client and found that buried treasure, well done!!!



AgentLogan#AgentLogan


Logan Queen

Tel: (204) 226-1261
Email: Logan@JenniferQueen.com

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To decorate or not to decorate? That seems to be the question of the season.  Or at least one that I have encountered enough times that I feel it is blog worthy!


The short and simple answer, YES! Feel free to decorate your home for the holidays.  Here are some of my recommendations for how to get your house on every buyers’ wish list:


The Proper Foundation: Is your home normally clean and tidy?  Would you consider it to be in a “staged state” prior to your decorating?  If so, then adding a few decorations will create a lovely ambiance.  However, if your home is cluttered adding additional nick knacks is a big Ho-No (see what I did there?).


Make it Cozy: I don’t mean jam pack the space so that people can’t easily navigate their way through it.  Remember, less is always more.  BUT the right festive holiday touches can go a long way.  Have some cider simmering on the stove, start a fire (ONLY if you have a fireplace), turn on some flameless candles, leave out some cookies, place a great wreath on the front door – and you’ve created an ambiance that will appeal to any buyer!


Complement Existing Décor:  Are the colours you are decorating your home consistent with the esthetic of the home?  Remember, buyers like consistency.  We do not need to be jarring them with opposing colours or designs throughout the home.


Accentuate the Positive: Done right, holiday décor can be used to dress up the key features of a home.  Do you have a beautiful fireplace?  Then make it stand out as a focal point in a room with beautiful garlands.  Or do you have high ceilings?  Accent that with a large wreath or other décor.


Go Classic with the Lights: Curb appeal is incredibly important as it creates that (hopefully positive) first impression. Stay away from the large cartoonish inflatables or bright flashing lights. They are too distracting and take away from the home itself.  As a side note, I do own an inflatable Christmas Minion that we proudly have in our yard every year.  But I would not put it up if our home was for sale.  Stick to the more classic white/yellow bulbs placed tastefully along the eavestroughs. It adds a look of sophistication and class.


Decorating the Tree: I would advise against getting a wide and bushy tree.  It will make the space feel smaller.  Instead opt for a skinnier version, and similar to the point above about complementing your existing décor, keep the tree décor more consistent as well.  Stick to three colours or less, and no homemade items.  It’s too personal and makes it difficult for the buyer to picture themselves in the home.


A few other points I would like to make for those people that are selling their home this holiday season:

Do your best to keep the home accessible.  I do not expect you to be showing on Christmas Eve or Christmas Day (although it has happened), but try and keep the place as neat and tidy as possible so that it is not such a daunting task to entertain a showing request on December 27.


Competition Dries Up: I have found year-after-year that listings that may have been sitting in December all of a sudden sell through in the three weeks following Christmas.  Why? Because inventory is SO limited at this time of year.  A lot of people seem to take their home off the market during December but that doesn’t mean that buyers stop looking!


Only the Most Serious Buyers: Truthfully.  Who actually wants to look at houses during the holidays?  Only those buyers who seriously need a place.  Whether it be expiring leases or their own home having recently sold or any other combination of unique circumstance, the most serious of buyers are out and looking at this time of year and they tend to be much more decisive and strong in their negotiations.


And finally, DO NOT let selling your home ruin your holiday.  Work with your Realtor to determine blackout dates and even visiting hours that are appropriate for you over the holidays. Quite often they can post the schedule in Realtor Remarks so that other Realtors know when they can and can’t show the property. While it is important to keep the home as accessible as possible, it does not have to be to the detriment of your enjoyment of the holidays. 

Thank you for reading.  I hope you and your family have a wonderful holiday season filled with love, laughter, family, and friends.  And from my family to yours, Merry Christmas!


The Jennifer Queen Team

Jennifer Queen

Tel: (204) 797-7945
Email: Jennifer@JenniferQueen.com

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