Bo Knows Real Estate

Should Buyers get a home inspection?
How do Sellers choose a real estate agent?
What are 3 things to check at possession time?
These and more tips , plus current mortgage rates, in this episode.

If you're a homeowner of an older home, you probably had to deal with plugged sewer lines already,
At some point, simply cleaning the line out will no longer suffice, and home owners need to consider replacing the underground line from their home to the city sewers.
Now there is a new, cheaper method instead of replacing the underground line.
It's called 'relining' and Underground Expert Jake Silvestri of Mr Rooter explains how it works, why its better and how much you can save.

Winnipeg Real Estate Market Update for September 2022
Housing listing and sales stats. Houses, condos. MLS date
Is now a good time to buy, or to sell?

3 Real Estate Fact #1
[00:00:00] Host Ryan Peterson: Get ready for three interesting real estate facts you should know coming up in this episode of Winnipeg's real estate podcast. Cue the music
[00:00:11] Bo Kauffmann - REALTOR: you're listening to the bone knows real estate podcast tips and advice for home buyers, sellers, and owners with award winning Remax agent Bo Kaufman.
[00:00:26] Host Ryan Peterson: Hello, I'm your host, Ryan Peterson. Welcome to another episode of Winnipeg's real estate podcast with my friend and real estate expert, Bo Kauffmann of Remax Performance Realty
[00:00:35] Bo Kauffmann - REALTOR: Hey Ryan thanks for the great intro and anybody who's listening to this will notice right away that there's a bit of a change in the format here.
Ryan and I did a series of episodes a few years ago that were called a real estate round table. And what I always liked about him was the little back and forth and two different voices talking. So I wanna recreate that here and I thank you, Ryan, for agreeing to do this with me.
[00:01:04] Host Ryan Peterson: My pleasure. It's great to be back Bo. All right. So let's get right into it with three different facts about real. Okay,
You must hear this first question a lot from home buyers. When my possession data is coming up, how do I get the keys and get into my new home
[00:01:09] Bo Kauffmann - REALTOR: All right. So it really depends on where you are.
I hear that a lot of places in the states and different provinces and the real estate agent actually has the key and meets you at your door, but here in Manitoba, it's all done through the lawyers. So here's what happens is about a week before you possession date, you the. Meet with your lawyer, you sign a bunch of papers.
You give him a suitcase full of money that he's gonna tell you, just how much to bring and you sign the papers and then you just sit back and wait. At the same time, the seller meets with their lawyer signs, papers, and gives him the keys. And then the day before possession. The lawyers talk to each other and exchange those two items.
The buyer's lawyer sends the money. The seller's lawyer sends the key. You get another phone call and the day before possession, you show up at your lawyers and he'll give you the key and with strict instructions not to go into the house. Until right at the time that stated on the offer. I remember,
[00:02:01] Host Ryan Peterson: Getting my first home in 2000 and yeah, it was a plain Manila envelope that I got the key in.
And honestly I was expecting a little bit more fanfare, what are you gonna do? You're still excited about the new home now. Bo is the date usually hard and fast or is there some flexibility, say a buyer wants to swing by and get some measurements to make sure that the furniture is gonna fit certain way.
[00:02:20] Bo Kauffmann - REALTOR: Okay. That's a really good question. Answer that question. The date is hard and fast. Now, if it's important to you to take some measurements or to go in for one more, look, make sure that you're a real estate agent. That's the buyer's real estate agent writes that into the offer because the seller does not have to let you back in until let's say it's nine o'clock and not Tuesday morning when you're taking possession, you don't have the right to go back in there.
If you, some people want to do not only measurements, but they also might wanna get a contractor to go through. They might wanna be ready to do a new kitchen, make sure you write that into the offer. And that way the seller when they agree to it, have to let you in.
[00:02:55] Host Ryan Peterson: worst they can say is no.
That's right. And it's not one of those things that's gonna make or break a deal or make you lose out on a house, right? Nope. That's right. Okay. Great now. Okay. Let's look at the other side of the equation. Do home sellers get their money right away when the keys are handed over?
[00:03:08] Bo Kauffmann -...

Get the latest real estate market stats, sales and listings of houses and condos in Winnipeg in the beginning of August 2022.
Is this a home buyers market, or a home sellers market?
Listen and find out whether now is a great time to buy or sell your house or condo in Winnipeg.

Real estate listings, stats and sales for Winnipeg on July 1st 2022.

Fed Budget Discussions
[00:00:00] Bo Kauffmann - REALTOR: Let's separate fact from fiction about the upcoming federal budget proposal. That's coming up next to Winnipeg's real estate podcast.
[00:00:26] Hello, everybody I’m Bo Kauffmann Remax performance Realty with another episode of Winnipeg's real estate podcast. You know, the real estate market is super hot, so naturally everybody thinks that that's a good thing for all real estate agents. And it's just a wonderful thing. Well, it's not a great thing because it's, so one-sided the only one who really benefits is anybody who wants to sell their house and not buy another one.
[00:00:48] So if you're retiring and we're gonna move into an apartment, this is a great time for you. But for buyers and especially first time buyers, it's not a great time. Houses are selling for not only 60, 80, a hundred thousand dollars above asking, but they're selling for 80,000, a hundred thousand dollars over what they would have sold last year.
[00:01:07] So if you're a first time buyer you're struggling, it's a, it's a tough time to get into the housing market. So naturally the federal government is going to step in and fix this issue for us with some of their proposals. So I had a friend call me last week and say, Hey, I heard that the blind bidding is coming to an end, the federal government's going to outlaw it.
[00:01:25] And I had to kind of look it up and see what they were talking about. And it's part of their proposed budget is that they are looking for a way. To make this whole process of house purchasing more fair. So let's take a second here and talk to somebody who knows a lot more about this, somebody who is in the financial game, and that is Mike Schroeder of mortgage architects.
[00:01:50] Let's give him a call.
[00:01:55] Mike Schroeder - Mortgage Architects: Good morning.
Hey Mike, how are you doing it's Bo
Mike Schroeder - Mortgage Architects:
Excellent.
Bo Kauffmann - REALTOR: I thought I thought today we'd talk about the proposed budget. Because about a week ago, a relative of mine called me and said, Hey, have you heard that blind bidding and sealed bids are a way of the past are going away? And I'm saying. No, actually, I haven't heard that's so I had to look into it and that's one of the proposals that the government, the federal government would like to do away with, uh, to put it in perspective and to put some history behind it is when you put your house up for sale right now in most provinces, you can put it up for sale and then buyers enter bids that are private and sealed and only the seller gets to open them. Well, what, what can happen is somebody, the winning bidder can overshoot all the other bids by quite a bit great for the seller. Um, but you know, the federal government says, Hey, we don't like this. So they, you know, Talked about maybe finding a way to put an end to it.
[00:02:57] The problem is these real estate laws are set provincially in the federal government has very little authority. They can try and work with the provinces on this stuff. Uh, but so far from what I've heard, the provinces had told the federal government to go pound sand So, um, I know there's a lot of rumors out there.
[00:03:15] There's a lot of, uh, things that we might be doing, but it's not even voted on yet. So, Mike, what have you heard and what do you take away from this proposed budget? Well, let's start
[00:03:25] Mike Schroeder - Mortgage Architects: with, what's actually been talked about details. So the first one is actually a proposal. I like it's called the tax-free first home savings account.
[00:03:35] So most people are familiar with the fact that you put money into your RRSPs. You can take money out of your RRSP’s. For the first time home buyer, they catch of course is that you have to put the money back into your RSP for the next 15 years. Okay. Well, most people are also familiar with the tax-free savings account.
[00:03:54] You put...

[00:00:00] Bo Kauffmann - Real Estate Agent: Do you have too much stuff in your house? What do you do with it? Today? Would talk temporary storage solutions. That's coming up next to Winnipeg's real estate podcast.
[00:00:26] Bo Kauffmann: Hello, everybody Bo Kauffmann from here from Remax performance Realty with another great episode of Winnipeg's real estate podcast. It's been said that the more room you have, the more stuff you accumulate, I can verify that, but there'll come a time when we all run out of room. My current hobby is scotch and cigars. and luckily that doesn't take a lot of room
By the way, we have an upcoming fundraiser, a scotch and cigar sampling right here in Winnipeg on June 18th. That's the father's day weekend, but it's a Saturday. And it has a twist to it. I know there's lots of scotch and cigar events around, but this one has a bit of a bonus.
You actually get to enjoy the cigar because we're holding it inside. Thomas Hinds new sampling lounge, and they're licensed to allow smoking. So tickets are very limited because there's only 46 seats. If you're looking for tickets, give me a shout. They're going fast. June 18. And there was a five o'clock sitting and an eight o'clock sitting. And the eight o'clock is just about sold out.
Maybe you've got a hobby collecting sewing machines, or your collection of old pinball machines are starting to take up too much room. What do you do? Or perhaps you're going to sell your house and you need to just temporarily declutter a need some temporary storage.
Whatever your reasons. There are storage solutions that have popped up all over town, ready to serve your storage needs. And today we're going to speak with Claire Coppens business manager of total storage right here in Winnipeg. I'm going to ask her a few questions.
Hi, Claire. How are you today?
Excellent.
[00:01:52] Bo Kauffmann: Okay, let's get right into it. What kind of people are, are your customers who use a storage facility?
[00:01:59] Clair Coppens I would say that the most popular reason people are coming to tool storage, like for a self storage unit are big milestones in their lives, like buying a new home or waiting for a new home to be built. Or oftentimes we have see like death of a loved one. And they're trying to find space to put those belongings for a shorter or long time.
[00:02:17] Bo Kauffmann: Right. Okay. Yeah, certainly I can get behind the idea of using storage to put your extra stuff, especially if you're downsizing or even up-sizing like your, you want to store it until you find a new home and then decide what you want to do with about you've been around for 10 years, you're telling me, but what do people look for when they want to select a self storage facility?
[00:02:36] Claire Coppens - Business Manager: So I would say that the first thing to look for, if you're going to see a unit is if the facility is clean, like, are the hallway swept, are the units dusted and, you know, Ask other tenants there too. Like if they find the facility clean, the second thing I would say is, do you feel safe there? You know, you're putting a lot of your, your special items there.
Is there a gate? What's the security like, is there cameras, do you need a code? What kind of locks are they asking you to put on the unit? And then third, it's just, do you feel welcomed there? Right. Do you feel like the staff cares that you and your items are there and you're not just a customer of theirs, you know, are they going to go the extra mile to make sure that your belongings are safe and well taken care of while you can't take care of them?
[00:03:16] Bo Kauffmann - Real Estate Agent: Okay. So a question came to mind is do people have access to their stuff 24 7? Or are you just open during certain business hours?
[00:03:23] Claire Coppens - Business Manager: Once you've rented a unit at 12 strategy, you have 24 hour access that's included in your rent and you can come...

What are Cash-Back Mortgages? Whats the catch, and how do they help?
Interview with Mike Schroeder of Mortgage Architects

Market stats for house and condo listings in April 2022 for Winnipeg.