Are things changing?

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/