This week on the REAL Collective Podcast, our hosts are discussing spring market trends and behind the scenes in the Ottawa Real Estate market.
First, Sean and Kyle discuss what's happening with the spring market, what they foresee and what's happening with inventory compared to previous years. They discuss many of the important factors that can have an impact on the Ottawa real estate market and the fact that the market could be split into two categories. Those that are priced right - and those that are overpriced and remain unsold.
In the second half both Sean and Kyle talk about some recent stories in the field that have some valuable lessons attached.
If you are considering buying, selling, or investing, don't miss out on another extremely valuable episode of the REAL Collective Podcast. Keep it REAL Collective!
To access our Complimentary Resources (SOLD Price Search, Seller Guide, Buyer Guide & Home Evaluation) visit: https://realcollective.ca/exclusive-resources/
Are you buying or selling? Book a meeting with Sean or Kyle today!
Sean: https://calendly.com/seanrealcollective
Kyle: https://calendly.com/kmmortgage/phone-connect
To watch the listing video that Sean mentions, visit: https://youtu.be/1KdTYkihZQs (This one went quick and is now sold!)
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What are we seeing in the market right now? (1:18)
Mortgage update from Kyle (1:45)
The factors at play in the market: (3:37)
Two markets that are happening: (4:45)
Price your property properly and it’s going to pop: (5:11)
Fixed rates started to drip down: (6:15)
Everything’s pointing in a particular direction – a perfect storm: (6:50)
Acceptance of the rates – is it affordable for you? (9:00)
The value of a stable market and keeping the dynamics for buyers and sellers in harmony: (10:30)
A recent mortgage scenario: (13:00)
Double the rate does not mean double the payment: (14:35)
Half Time: (16:00)
Story Time: (17:10)
A mortgage story from Kyle – an update from a previous week: (17:38)
It can be tough to get back in the market after you leave: (19:45)
A story from Sean about encouraging clients to remain in their home (22:57)
Kyle's story with an emphasis on the importance of having a plan: (24:30)
Why you shouldn't go on vacation around closing time! (26:45)
Lawyers have a different role than real estate agents: (29:35)
Outro (34:00)