Join our hosts, Sean Tasse (Broker) and Kyle Miller (Mortgage Agent), as they discuss the recent interest rate announcement's impact on summer real estate in Ottawa. They dive into the episode by talking about current trends in the summer real estate market and share on-the-ground stories about the impact of the recent interest rate announcement. They explore the nuances behind summer pricing and the growing importance of seasonality in today’s market. In the second half, they demystify the often-overlooked "this clause should survive and not merge" included in all offers, explaining what it means and how it can affect you when buying or selling a home.

If you are considering buying, selling, investing, or refinancing, don't miss out on another extremely valuable episode of the REAL Collective Podcast. Keep it REAL Collective!

To learn more about REAL Collective Marketing and how it can benefit your business, visit: https://realcollectivemarketing.ca/

To access our Complimentary Resources (SOLD Price Search, Seller Guide, Buyer Guide & Home Evaluation) visit: https://realcollective.ca/exclusive-resources/

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Sean: https://calendly.com/seanrealcollective

Kyle: https://calendly.com/kmmortgage/phone-connect

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Intro (0:00)

What is happening in the summer market? (1:38)

What happens to prices in summertime? (7:35)

How to time things properly? The second-best market is fall. (8:10)

Seasonality really matters right now (9:12)

Buyers are waiting for the bottom for interest rates (10:30)

Story about a recent sale from Sean showing the impact of the rate change (11:00)

The rate change is bringing confidence to the buyers that are already looking (15:25)

Interest rates will come down, but not nearly as much as you want it to (15:42)

Behind the scenes with an alternative deal (17:07)

REAL Collective Marketing (19:00)

Second half (19:40)

“This clause should survive and not merge.” – what does it mean? (20:00)

Best practice when taking possession of your new home. (25:01)

What if the seller removes ‘survive and not merge’? (25:30)

Another behind the scenes story (27:49)

Deals are being made in good faith (28:55)

Outro (31:50)