The Canadian real estate market remains red hot. After a year of sporadic lockdowns and resulting cabin fever, unspent piles of cash are burning holes in our pockets! And historically low interest rates are pouring fuel on a real estate fire that won’t stop burning.
Sadly, we know that 25% of real estate transactions are falling apart in Lethbridge, in large part due to financing. Homebuyers—and their real estate agents—are submitting offers on homes the buyer can’t actually get financing for. This is 95% preventable, yet it keeps happening, and in fact, the problem is getting worse.
There is no reason for failure here. If a homeowner receives three offers that are reasonably similar, but one buyer’s REALTOR® can ‘sell me’ on the buyer’s preparedness and pre-approval to get a mortgage, which offer goes to the front of the line?
Furthermore, how the administration of that deal is handled can ultimately make or break the sale. Basic diligence is all it takes to secure a home, even when there is limited supply in this hyper-competitive real estate market. Watch below and then get in touch to find out how to succeed in this challenging market.