We cannot deny that the different issues, may it be local or worldwide, can widely affect the market. In this episode of the Real Estate & Mortgage Show, our host Walter Monteiro discusses the current situation in the marketplace.

Standout Quotes:

“If you're in the market as a buyer or a seller, you're probably noticing a bit of a change in the marketplace.”
“Interest rates, when they go up, tend to drive the market down.”
“If values are being challenged, you want to make sure you're not putting yourself in a situation where the bank is turning down the deal because they feel you overpaid for it.”

Key Takeaways:

There have been changes that are happening in the marketplace. The exact cause is unknown, but it has been assumed to be caused by what’s happening globally.
Every time there is a rise in interest rates in the market, it automatically brings the market down and vice versa.
During these situations, conditional offers may arise. This is a great opportunity since some banks may reject deals due to avoid overpayment.

Episode Timeline:

[00:01] Introduction
[01:27] Overview of the Change in the Marketplace
[02:19] Eclectic / Bipolar Market
[03:21] Interest Rates
[03:37] Inventory
[04:15] Conditional Offers
[04:36] Cash on Financing
[04:57] What’s Happening in the Marketplace
[06:56] Outro

Learn more about Walter Monteiro and the Real Estate & Mortgage Show at:

Website: https://therealestateandmortgageshow.com/
Email: walter@maximumresults.ca
Phone: 519-624-9222
Instagram: https://www.instagram.com/waltermmonteiro/
Twitter: https://twitter.com/waltermonteiro
LinkedIn: https://www.linkedin.com/in/waltermonteiro/

Are things changing?