Have a Question? Ask Allan

What is the biggest mistake that homeowners make this time of year if they're thinking of selling in the Spring? But first, what happened in the Winnipeg Real Estate Market in November. In November in Winnipeg we saw house sales down 7.3% and prices down slightly at 1.3% In condos we saw sales down 23.1% and prices down 2.9% Obviously the numbers aren't fantastic in November but we'll see how December looks one month doesn't make a trend. Now the biggest mistake I see people making this time of year is that they say they're going to sell in the Spring but when they think Spring they think May/ June when they really should be thinking February/March because February March you always see a very high intensity to the market because there's not a lot of supply on the market which means you need to get us out now in December or early January to start making a plan this way not only will your house sell faster but you'll get more money for it as well. www.JudyLindsay.com 204.925.2900

What is the one calculation you want to make sure you're doing if you're thinking of selling your house in November or December but first what went on in the Winnipeg Real Estate Market in October. In October in Winnipeg we saw house sales down 14% over last year and prices down 1.4% In condos we saw sales down 33% but prices were up at 12.6% Now the numbers in October don't seem great however one month doesn't make a trend so we'll see what the market does in November. Now if you're thinking of selling or buying a house in November or December the one calculation you want to make sure you're aware of is well I said a friend who was thinking of selling their house and they said that we're gonna wait until February or March because we feel that the markets going to be better then and we'll hopefully make 2% more if we sell next year and that does usually happen in the last number of years where we see an increase in price going into the next year. Now the only problem with that is it's going to cost him approximately $2,000 a month to hold on to his house from now until not only February but if possessions not till March or April it could end up costing an extra 10 or $12,000 so it's important to make sure you do the calculation to figure out is it worth it even if the market is going to be up 2% next year is it worth it to hold on to your house and sell then or is it better to take profits now and get out and be done with it. It's also important if you're looking to buy because this time of year is a great time of year to buy because you can buy now and get that price bump coming into February or March next year. www.JudyLindsay.com 204.925.2900