Selling your home is something to be excited about, it can mark an end to one journey and a beginning to a new one. It's not a task that can feel to big, it's a process that with the right guidance doesn’t have to be overwhelming. As your REALTOR®, I’m here to make the process clear and manageable. What are the 8 Steps for Selling your Home in Winnipeg? Let’s walk through the key steps to selling your home so you know exactly what to expect. Step 1: Meeting as Your REALTOR® I’ll come to your home to assess the property and discuss your goals. This is a chance for us to talk about: Your timeline for selling. Commission rates and marketing strategies. Whether you’re also planning to purchase a new home. This meeting is the foundation of our plan for selling your property. Step 2: Market and Home Research After our meeting, I’ll get to work. My market research includes: Analyzing comparable sales in your area through A Comparative Market Analysis Reviewing the City of Winnipeg Assessment. Examining the current market conditions. My home research includes: Minor repairs and renovations that can increase the value of your home. Landscaping ideas that can attract buyers. Decluttering and cleaning suggestions to make your home more appealing.  The best ways to feature your home through staging, video and photography. A Single Family Detached Home / Source: Winnipeg Real Esate news Step 3: Setting the Price and Establishing the Listing  Once we’ve reviewed the research together, we’ll decide on a competitive listing price and set a date for the listing to made public. You will make the final decision on this price, with myself as your REALTOR® guiding you. The necessary paperwork will need to be signed and this can be done on paper or sent electronically to your email for convenience, while you may be at work or travelling. As your REALTOR® I will take measurements of your home and write the listing based on the type of home you have, of course, with consideration on what you find as appealing assets of your home.This listing will connect to buyers through the Multiple Listing Service (MLS®), the most comprehensive real estate database in Winnipeg. MLS® ensures your home is accurately priced, widely seen by buyers, and marketed effectively including exposure through the Winnipeg Regional Real Estate News. I’ll provide you with a detailed timeline so you’ll know what happens from the marketing to first open house. Step 4: Preparing Your Home for The Listing Getting your home ready is important to make a first impression to your potential buyers. From decluttering to making small repairs, these changes can make a big difference in how buyers see your property. Staging may be brought in, be done virtually or showcased as you've made it your home.  Together we will present your home in its best light, ensuring it’s ready for showings and professional photography. For a suggested check list of things to do to prepare your home for sale visit, https://www.winnipegregionalrealestatenews.com/selling/selling-checklist Step 5: Open House and Showings  Once your home is officially listed, your property will be advertised for sale. Many buyers look to social media and Winnipeg Real Estate news for a schedule of open houses. I will host your open house to reach potential buyers and answer their questions.  Showings will be requested from buyers, either through myself or their REALTOR® . As much notice for showings can be given as you need. While it might be inconvenient at times, it’s important to accommodate as many showings as possible to give your home the best chance of selling quickly. Step 6: Reviewing Offers When offers start coming in, I’ll help you navigate them. We’ll look at: The offer price. Any conditions, like financing approval or a home inspection. Deposit amounts and possession dates. We’ll negotiate to craft the best possible deal for you, ensuring it meets your needs. If an offer doesn’t meet your expectations, don’t worry. You’re never obligated to accept a deal that doesn’t work for you. We’ll continue marketing your home until we find the right buyer. Step 7: Moving Toward a Final Sale Once we’ve accepted an offer, the buyer will need to satisfy their conditions. A deadline will be written in the Offer to Purchase for these conditions to be met. This might include: Financing Approval: The buyer uses this time to secure the financing required. The lendor may send an appraiser to inspect the property. The deal is pending the finance approval. Home Inspection: With the buyer's REALTOR® or myself present, an inspector will conduct the inspection of your home, typically lasting about three hours. The deal is pending the buyer's satisfaction of this inspectioin. For condo sales, the buyer will also review condo documents related to the unit and condo corporation. Referred to as "the cooling off period", the buyer has up to 7 days to decide whether to move forward. After all conditions are met, the sale becomes final! Step 8: Closing the Sale and Moving Once the sale is finalized, it’s time to prepare for your move. You’ll hear from your lawyer at least 1-2 weeks before possession to finalize the paperwork and hand over the keys. On moving day, be sure to take meter readings for gas, water, and hydro, and notify the respective utilities. With the right plan and support, selling your home makes moving into the next one part of the process. Guiding you every step of the way, are you ready to sell your home? Let’s get started!

The Homesteads Act in Manitoba and homeownership Homeownership in Manitoba is not only an investment in property but also an opportunity for financial security and personal independence. The Homesteads Act in Manitoba plays a key role in protecting homeowners, particularly in family situations, by safeguarding property rights in various scenarios. This guide will provide an overview of the rights and protections afforded by The Homesteads Act and what these mean for homeowners today. Understanding The Homesteads Act in Manitoba  The Homesteads Act was created to protect the primary residence of a married or common-law couple by ensuring that both parties have a say in significant decisions regarding the property. Enacted in the early 20th century and updated over the years, the Act is part of Manitoba's family property laws and applies only to the primary residence, known as the "homestead," of married or common-law couples. The Homesteads Act in comparison to The Family Property Act  The Homesteads Act: Consent Requirement: Both spouses or common-law partners must consent to the sale, mortgage, or transfer of the homestead. Even if only one partner is listed as the legal property owner on the title, the decision must be made by both. Homestead Rights Upon Death: In cases where a partner passes away, The Homesteads Act protects the surviving spouse or partner’s right to remain in the home. This provision ensures that the surviving partner is not forced to sell or vacate the property due to inheritance claims or external pressures. Protection Against Creditor Claims: The Homesteads Act provides some protection against creditor claims if one partner incurs debts. Creditors cannot force the sale of a homestead to satisfy debts unless both partners have consented to the mortgage or loan associated with the debt. The Family Property Act Purpose: The Family Property Act governs the division of property between spouses or common-law partners when a relationship ends, either due to separation or divorce. It applies to all types of property, not just the primary residence. Scope: It focuses on the fair distribution of assets accumulated during the relationship, including pensions, investments, and personal assets. Key Provisions: The act provides a process for the accounting and equalization of family property. It may include considerations of financial contributions, debts, and other factors to reach a fair division. Who Has Homestead Rights? Eligibility: Both married spouses and common-law partners of the property owner on title can have homestead rights. Common-Law Partnerships: A common-law partnership qualifies if: It is registered with Vital Statistics, or The couple has lived together in a committed relationship for at least three years. One Partner with Homestead Rights: Only one spouse or partner can have homestead rights at any given time. If there’s a former spouse or partner with homestead rights, those rights must be resolved before a new spouse or partner can gain homestead rights to the property. Scenario's where this may happen are as such; The previous spouse/common-law partner has given up or lost their rights to the homestead. The previous spouse/common-law partner's ownership interest has been transferred. Any claim for dividing assets (under The Family Property Act) has been settled. The Homesteads Act applies to married people and those in common-law relationships under 18 and is treated the same as an adult.  The family farm is covered by The Homesteads Act, including the farm's main dwelling and up to 320 acres of land. When is Homestead Consent Required? The parties involved must be either married or in a common-law relationship as defined by The Homesteads Act. The property must be the homestead property as defined by The Homesteads Act. There can be only one homestead at a time. The property must be registered on the certificate of title by only one owner, in the marital or common-law relationship.  Exceptions to Disposition Without Consent  An owner cannot sell, transfer, or give away their homestead during their lifetime unless: Consent: The owner's spouse or common-law partner agrees in writing. In Favor of Spouse/Partner: The property is being given to the spouse or common-law partner. Release of Rights: The spouse or partner has given up their rights to the homestead in writing. Additional Interest: The spouse or partner has a legal interest in the property and is involved in the transaction. Court Order: A court has given permission to proceed without the spouse's or partner’s consent. Key Scenarios Where the Homestead Act Applies The Homesteads Act is central to family law in Manitoba. Its primary purpose is to protect the home and prevent a spouse or partner from being unfairly displaced or financially disadvantaged due to property decisions made without their consent. This is particularly important during separation, divorce, or death. How The Homesteads Act Protects Homeowners: Sale of the Family Home: The Homesteads Act requires that both partners provide consent before the sale, mortage, or transfer of the property. Even if only one partner is the legal owner, the property cannot be sold without both partners’ signatures. Refinancing or Taking a Loan Against the Home: If a homeowner seeks to refinance the mortgage or take out a loan against the home, both partners must consent. This provision protects the non-titleholding partner from unexpected debt burdens. Right to Occupy: If a partner passes away, the surviving partner has the legal right to continue living in the homestead. This provides crucial stability, especially for those who may have limited financial resources or are reliant on the home as their primary residence. Fair Division During Divorce: In cases of separation or divorce, The Homesteads Act plays a role in ensuring an equitable division of the family home. This means that both parties have rights to fair consideration, even if one partner is not on the property title. The Homesteads Act and Real Estate Transactions The Homesteads Act introduces a layer of protection for homeowners but also requires additional steps in real estate transactions involving married or common-law couples. In practice: Legal Documentation: For any real estate transaction involving a homestead, both partners must sign off on the sale, mortgage, or transfer. This documentation is often verified through a Homestead Consent Form, which is a legal requirement in Manitoba. Title Searches and Verification: Real estate lawyers, when handling transactions requiring the transfer of the homestead, typically verify the marital or common-law status of the seller to ensure compliance with The Homesteads Act. Involvement of a real estate agent: When working with married or common-law couples, a REALTOR® plays an important role by advising clients on the necessity of joint consent for property transactions, ensuring that all parties are informed and involved in decision-making. Your REALTOR® will ensure all forms are signed when required. The Homesteads Act Requires Additional Documents When The Homesteads Act is involved in selling or refinancing a property in Manitoba, there is additional documents to ensure compliance. Here’s an idea of what to expect: 1. The Homesteads Act Consent to Disposition and Acknowledgement Form This is required by The Homesteads Act if you’re disposing of the primary residence (the “homestead”) and you’re married or in a common-law relationship, both parties must complete and sign the homesteads Act Consent to Disposition and Acknowledgement form. This consent is on the residential and condominium offers to purchase or it can be a seperate form. It verifies that both partners agree to the transaction, regardless of whether only one partner is on the title. Notarization of Documents A consent to a disposition or a change of homestead must be made before a person authorized to take affidavits under The Manitoba Evidence Act.  A Notary Public, such as a Real Estate Lawyer, as well as a Commisioner of Oaths are both entitled to take affidavits and will oversee the notarization of these documents. This is on The Homesteads Act Consent to Disposition and Acknowledgement form.  2. The Sellers Homesteads Act Statements Form The Sellers Homesteads Act Statements form provides assurance to the buyer that they have a valid, enforceable and binding contract with the seller by having the homestead status of the property verified by the owners. This form is available from your REALTOR® and establishes the relationship, ensuring compliance with The Homesteads Act. 3. Additional Signatures If only one person’s name is on the property title, both partners will still need to sign off on the sale or refinancing documents to meet the requirements of The Homesteads Act. In practice, while The Homesteads Act does add a few additional documents, it doesn’t create a heavy burden as long as you work with your REALTOR® and other professionals who can guide you through each step. Additional Laws for Property on First Nation Reserves In addition to The Homesteads Act, The Family Homes on Reserves and Matrimonial Interests or Rights Act is a federal law that governs the division of family homes and other matrimonial real property on First Nation reserves for married spouses and common-law partners. It addresses gaps in property division on reserves, where provincial property laws typically do not apply. Key Points: Purpose: This law ensures fair treatment regarding the division of property on First Nation reserves during the dissolving of a relationship or the death of a spouse or partner. Applicability: The rules apply to First Nation communities in Manitoba unless the community has enacted its own laws about matrimonial real property. First Nations can create their own laws under this act. Enforcement Date: The law came into effect on December 16, 2014. Parties Living Separate and Apart The Homesteads Act doesn’t apply to common-law partners who lived together for at least three years before this section of The Homesteads Act took effect but were living separately on that date, unless: They start living together again and register their relationship. They resume living together and stay together for at least 90 days. Final Thoughts: Homeownership and Protection Under The Homesteads Act The Homesteads Act of Manitoba is a critical protection for family property rights, ensuring that homeownership remains a source of stability and security for couples and families. It’s especially vital in situations of marital split, death, or financial hardship, providing a fair and equitable framework that supports the rights of both partners. Whether buying, selling, or refinancing a home, understanding The Homesteads Act can help homeowners in Manitoba make informed, secure decisions about their property. For couples and families considering homeownership in Manitoba, being aware of The Homesteads Act is essential to ensure peace of mind, legal protection, and fair treatment in all property-related matters. A REALTOR® and legal advisor can provide guidance on navigating these requirements, ensuring that your rights and best interests are upheld in every step of your homeownership journey.      

October 2024 Real Estate Market Report for Manitoba The Winnipeg real estate market showed strong performance in October 2024, with gains across All MLS® sales, average prices, and dollar volume compared to the previous month and October 2023. Winnipeg saw active demand, with notable increases in residential detached homes, condominiums, and residential attached properties, setting the stage for one of the most dynamic months of 2024.   October 2024 Key Metrics: All MLS® Sales: 1,337, a 7% increase over September and a 19% increase from October 2023. Total MLS® Dollar Volume: Over $508 million, marking a 28% increase from last October. Active Listings: 3,624, down 10% from October 2023 but still above the 5-year average. Residential Property Performance Residential Detached Homes: Sales: 927, up 19% from October 2023. Average Price: $427,237, representing a 7% increase year-over-year. Popular Price Range: The $600,000-$699,999 range was the most active, accounting for 10% of sales (90 homes). Condominiums: Sales: 212, a 24% increase from October 2023. Average Price: $265,083, an increase of 2% over last October. Top Sales Locations: Osborne Village and Waverley West recorded the highest condominium sales. Popular Price Range: $150,000-$174,999, representing 12% of total sales.  Residential Attached Homes: Sales Growth: Up 27% over October 2023, continuing to drive increased market activity and demand.  Year-to-Date (YTD) Metrics (January to October 2024) Total MLS® Sales: 12,822, up 12% from 2023. Total Listings: 20,692, up 2% from the previous year. Total Dollar Volume: Over $4.8 billion, up 18% year-over-year. Residential Detached: 8,848 sales YTD, with an average price of $423,217, up 6%. Condominiums: 1,923 sales YTD, with an average price of $275,777, up 6%. Residential Attached: 885 sales YTD, with an average price of $365,218, up 10%. Market Insights and Advocacy Efforts The Winnipeg Regional Real Estate Board has continued its advocacy work, joining other Canadian real estate boards at the Canadian Real Estate Association’s PAC Days Conference in Ottawa. The Winnipeg Regional Real Estate Board emphasized solutions to the current housing crisis, including recommendations for offsite construction, national housing initiatives, and extending tax relief to non-profit housing providers. Marina R. James, CEO of Winnipeg Regional Real Estate Board, reaffirmed the board's commitment to addressing housing affordability and supporting meaningful community solutions. Notable Neighborhoods in October Waverley West recorded the highest residential detached sales within Winnipeg, followed by Polo Park. Outside of Winnipeg, Steinbach and Morden/Winkler were the leading areas for detached home sales. Osborne Village led in condominium sales, with Waverley West close behind. Luxury Market There were 17 residential detached homes sold at or above $1 million in October, nearly doubling from 8 in October 2023. The highest sale reached just over $2.3 million. Summary October 2024 was one of the most active months on record, reflecting Winnipeg's strong market fundamentals and buyer interest across property types. Continued growth in both urban and suburban areas, coupled with proactive market support from Winnipeg Regional Real Estate Board, positions Winnipeg as a thriving and resilient market moving into the final months of 2024.