Open House - The Real Estate and Mortgage Show
Steve Gregory doesn't have his usual co-hosts, Frank and Paul, in studio. Frank does join the program via phone. Meanwhile, part of the Paul Rushforth Team, Erin Peck and Sara Orr join Steve in studio. They take your real estate and mortgage questions.
This week on Open House - The Real Estate and Mortgage Show, Steve Gregory is joined by two members of the Paul Rushforth team. Erin Peck: Sales Representative Selling Partner and Sara Orr: Closing Manager, discuss home staging, curb appeal and the constant importance of pricing your home to sell. Frank Napolitano joins the program by phone to take questions, discuss interest rates and the possible effects of the recent decision to monitor the Canada Mortgage and Housing Corporation (CMHC) more closely.
Despite the recent cooler temperatures, it is important not to ignore the impact curb appeal has on potential buyers. Even if it isn't possible to do a lot of work on your gardens, taking the time to simply tidy excess leaves and weeds makes a big difference. Home staging has been a topic of much discussion recently, and it is as crucial to pay attention to staging the outside of your home as it is to stage the inside. Showing at the correct price should also never be understated. Many will wish to list a home at a price that is more emotional than indicative of the realistic value. Pricing your home too high may shut out some buyers, and even decreasing the price later may not win them back.
In regards to current mortgage rates, it is still widely believed that any changes will not be sudden or drastic. However, Frank stresses the importance of being prepared for any tightening of guidelines. Good credit and sound employment history are a must when applying or refinancing. Frank advises that Mortgage Brokers Ottawa is still offering a ten year fixed rate of 3.89%. Clients are encouraged to take advantage of these packages while they are still available. For more details, talk to a professional Mortgage Broker.
To listen to the full Podcast from CFRA, click here.