So, you have made the decision to sell your home. WHAT NOW?
Deciding to sell your home is a big decision. With it comes endless questions:
- Is this the right thing to do?
- Where will we go next?
- What if we don’t find a new home?
- How will it affect the kids?
- Will we get enough money to make it worth our while?
Stop! Breathe! Relax, I am here!
When you are thinking about selling any real estate, your first step should be to give me a call.ABSOLUTELY NO OBLIGATION! I will discuss your options with you and give you the information you need to make an informed decision.
After we chat, should you wish to enlist my professional aid in selling your property, we can set up a meeting to review all the details of your situation. I will complete a Comparative Market Analysis (CMA) which will give you an idea of what all other similar properties are selling for.
We will discuss everything and anything. If after our meeting you have another question pop up, please do not hesitate to let me know. Remember, my 2 Hour Response Guarantee!
When you list with me, you can rest assured that your property is getting the highest level of exposure possible. I will blast it across various social media outlets, including a YouTube video tour! It will be on Realtor.ca, Royal LePage websites, and most importantly NewNeighboursPEI.ca. I also do paid radio advertising to drive potential buyers to NewNeighboursPEI.ca where they will see your property at its very best!
I work very hard to sell your real estate. My commission is 5% but you don’t pay me a dime until the sold sign goes up! That’s right, everything I do is in the expectation that I will get it sold for you. I DON’T GET PAID UNTIL YOU DO!
Paying Your Mortgage Off Early
Are you in the middle of your mortgage? Are you worried that the bank is going to hit you with penalties & administrative fees?
Know what to expect before the time comes. Every bank has slightly different rules around early payment of a mortgage, but the following information will give you an idea of what you can expect to pay in early payment penalties. It is always a good idea to speak with your lender before deciding to sell so you don’t get backed into a corner when your home sells.
Know what to expect before the time comes. Every bank has slightly different rules around early payment of a mortgage, but the following information will give you an idea of what you can expect to pay in early payment penalties. It is always a good idea to speak with your lender before deciding to sell so you don’t get backed into a corner when your home sells.
It will depend on what type of mortgage you have. Is it a Fixed or Variable rate mortgage?
Fixed rate mortgage prepayment charges will be the greater of three months interest OR interest for the remainder of the term on the amount prepaid calculated using the interest rate differential.
Variable rate mortgage prepayment charges will simply be three months interest.
You can follow this link to a Prepayment Penalty Calculator, for a better idea of your situation:http://www.ratehub.ca/penalty-calculator
How Is the Market Today?
The real estate market is just like any other. It is based on supply and demand. What makes it unique, however, is that it is local as opposed to national or international!
The reports you see on the news, social media, or newspaper can be an extreme generalization for your area. The statistics are often based on national sales which include home styles and prices that may not even exist in Prince Edward Island.
Your best bet is to speak to a local professional. Someone who deals with the communities you live and work in, on a daily basis.
I will give you a no BS assessment of what is happening and what you can expect when selling your home. The current market situation will dictate the type of buyers, the competition, and the price.
There is currently a lot for sale in PEI. For this reason, it is crucial that the pricing of your home or property is competitive. You want to get people in the door and making an offer before they leave!
