This week, our hosts are talking about the importance of trusting the experts and what you need to know in order to make an informed decision.
They start by discussing the possible effects of the recent US presidential election on the real estate market in Canada, particularly in Ottawa. They discuss current interest rate trends, market volatility, and how these factors impact fixed rates. They also explore buyer sentiment and why pricing your property correctly from the start is essential—highlighting how overpriced listings can ultimately result in greater losses.
The episode features compelling stories and real-life examples demonstrating why relying on industry experts is vital. They emphasize that a true professional will refer you to another specialist if it's outside their expertise. Plus, they break down why opting for the cheapest service isn't always the best choice, explaining the importance of asking questions to understand the value you might be sacrificing.
Don't miss out on another extremely valuable episode of the REAL Collective Podcast. Keep it REAL Collective!
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Kyle: https://calendly.com/kmmortgage/phone-connect
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Intro (0:00)
What effect does the presidential election have on the real estate market in Ottawa? (1:50)
Fixed rates are going up right now (2:40)
The Bank of Canada does not control fixed rates (3:20)
Why it’s a great time to be in a variable rate mortgage (4:17)
What about buyer sentiment? (5:17)
Behind the scenes buyer example (6:03)
If you can afford to do it, do it, if you can’t, don’t (7:55)
The value knowing the numbers (9:02)
Why you want to be the first house to sell (10:13)
Price right from the start (12:12)
Sellers, look at the data (13:57)
REAL Collective Marketing (15:34)
Second half (16:05)
Trusting the Experts - behind the scenes stories from the mortgage perspective (16:34)
An unfortunate renovation story (21:26)
It’s ok to ask more questions (24:58)
Being too price focused you lose the detail (25:38)
Why “you get what you pay for” can ring true (27:38)
Why you should trust the experts (30:04)