The Real Estate and Mortgage Show - April 16
What are some of the upgrades that you can do to get a better return on the sell of your home? What's with the "Coming Soon" signs on some lawns? Steve, Paul and Barb answer these questions as well as all other real estate and mortgage questions questions.
On today's show Steve, Paul and Barb talk about listing with a realtor versus on your own, insured mortgages and what is with the "Coming Soon" signs.
Paul starts us off speaking about hiring a professional real estate agent versus listing and selling the home on your own. Most people think that by listing and selling the home themselves it will save them money, but in the long run it could cost you more. Hiring a professional real estate agent will give you the protection to make sure the purchase and sales transaction is in your best interest and that you get the best dollar for your home.
Barb asks the question Did You Know? If you have an insured mortgage with CMHC, Genworth or Canada Guarantee you have protection if something should happen and you are unable to make your mortgage payments. These insurers have a program called home ownership assistance and will work with your lender to come up with a plan to help you stay in your home should something unforeseen come up such as a divorce, an injury etc. The first step if you are having an issue making your mortgage payments is to contact the insurer and speak to your mortgage broker for assistance.
Paul ends us off explaining why you see a “Coming Soon” sign on the property before it is even listed. This is a strategy that is used by some real estate agents to draw interest and attention to the property before it officially lists.