Open House- The Real Estate and Mortgage Show: September 1, 2018
Are squeaky floors a turn off for buyers? What are the interest rates being offered? Could NAFTA negotiations hurt the real estate market? These questions and more ... ANSWERED on another episode of Open House.
Are squeaky floors a turn off for buyers? What are the interest rates being offered? Could NAFTA negotiations hurt the real estate market? These questions and more ... ANSWERED on another episode of Open House.
Buyers are still very active while the number of listing is still slow. There are about 4500 residential listings and about 900 active condos which are moving very quickly. Remember that is you are looking to list your home, photos are very important and keep in mind seasonal conditions as well and try to avoid photos with snow or have both summer and winter pictures to show the landscaping and exterior.
One of the advantages of being default insured is that as long as you don’t refinance the mortgage, you will continue to be insured and therefore take advantage of the insured rates at renewal time. That being said, this applies under current rules and these may change in the future.
In a seller’s market, remember to have a contingency plan if you sell your house quickly and either have not found a new home or are awaiting a new build that you have some other accommodations available.
Want more information on mortgages and current interest rates? Click here to contact your Mortgage Broker.