Real Estate in Bridgwater Lakes: How to Sell a Home in Winnipeg

So you’re looking to move up the property ladder—how do you start? Selling is often the main way that homeowners cash in on their investment in order to purchase something bigger and better. This could mean improved amenities and location, or more square footage. If you’ve never sold a home before, the process can be daunting, especially, given Canada’s roller coaster of a real estate market. To help you get a firmer grasp on how to go about selling your home and what some of the major steps entail, we wrote this post. Follow along below to learn more about selling real estate in Bridgwater Lakes, Winnipeg!

The First Steps to Selling Real Estate in Bridgwater Lakes

The first step to selling a home is very similar to how you would begin your buying process: research. Before you can sell or buy anything it’s crucial that you start by conducting some preliminary market research. This will help you get a sense of local market trends. For instance, how quickly homes are selling, how much the average home sells for, what types of homes are selling, the type of market, and so much more! By doing your research ahead of time you know what sorts of things to expect before you list. You may also want to make seasonal considerations, as real estate tends to fluctuate with the weather. 

Once you’ve done your research, it’s a good idea to begin preparing your home for its listing day. Even if it seems far in advance, starting your prep work early is never a bad idea. Readying your home for listing on the market takes a lot more time than many homeowners anticipate for. From the exterior to the interior there is often an abundance of work to be done. Start by decluttering and depersonalizing and then move on to any repairs or upgrades that need to be completed. After that you may consider hiring a stager to make your home look more appealing to buyers. Don’t forget to take care in preparing the yard! Curb appeal is a big part of selling a home for a good price.

While you’re working on getting your home ready for sale, you’ll want to find a reputable agent to represent you. Although this isn’t necessary, it’s advantageous; especially in slower market conditions or if it’s your first time selling. The right agent will be able to provide you with valuable market insights, help you with advertising, and connect you with motivated buyers. 

What’s Next?

Now that you’ve found an agent and are well on your way to having your home ready for listing, it’s time to think about how you’re going to market your property. If you choose to work with an agent, they will likely handle most of this on your behalf. However, there are still some considerations you need to make. For example, will you have professional photography and/or videography done? Will you hire a professional to stage your home? Do you want brochures or virtual tours made available to potential buyers? Answering these questions helps you better understand your marketing strategy and the next steps you need to take in selling your home. 

When your home is finally listed, and you receive your first request for a showing, there are a few things to keep in mind. The first is keeping your schedule as open and flexible as possible. This way more buyers will be able to look at your home. The second is to ensure that your home is spic and span for every showing. Make sure that there is no clutter, no personal items, the lawn is well-manicured, weeds are free from the garden and all beds are made. The last thing you want is to show a buyer a messy home. This is a deterrent for potential purchasers. 

Once you get your first offer, be sure to negotiate and review it alongside your agent. You’ll want to pay close attention to both the price and terms and conditions. Don’t be afraid to send back a counteroffer or ask for a different offer if you aren’t satisfied. When the deal is right, expect the buyer to request a home inspection. Be prepared to address any issues that could possibly arise, as these could impact their initial offer. 

Contact us to Get Help Selling Your Home in Winnipeg!

Selling your first home is an exciting process! If you’re looking to sell real estate in Bridgwater Lakes and move into something new, it’s important to get in touch with an experienced agent!  As your Winnipeg REALTORS®, we are committed to providing you with the best services possible. If you have any other questions about selling your home in Winnipeg, contact us today! We’d be happy to help support you through your real estate journey. Please feel free to reach out with any additional questions or concerns. Be sure to check out our social media for the latest updates and more. We look forward to working with you in the near future!