On today’s show, Dave and Reb speak with Kingston mortgage broker Jeff Stafford about how to “prepare, prepare, prepare” for buying a home in a very “hot” market. They agree that inviting the Lord into every one of these transactions is an important part of this huge financial decision. They also discuss how to build a team around you that has your best interest at heart in the real estate market.
“The market this year is a crazy, hot market in Kingston – like the wild, wild, west of real estate,” Jeff says, adding that he has had to be more and more accessible to his clients as they take part in bidding wars over homes that can often sell for thousands of dollars over asking price.
The Kingston real estate market has increased sales prices of residential properties by 11.2 per cent since September 2018, according to Stafford. An Ottawa Business Journal article shares similar statistics about Ottawa.
“The average sale price of a residential property was $484,921, a jump of 11.8 per cent year-over-year, while the average condo price in August was $308,781, an increase of 11.5 per cent from last year,” the article states. (https://obj.ca/article/ottawa-housing-market-stays-hot-through-august-home-sales-10.
As mortgage brokers Dave and Jeff emphasize the importance of having a trustworthy team around you providing advice that best suits your family’s needs.
“It’s not just about whether or not you can qualify to buy a home, it is really about looking at what you want and whether or not you can afford the home you want to purchase,” Dave says. “We look at your entire financial picture to help you make those decisions.”
To learn more about Kingston Mortgage Solutions go to https://kingstonmortgagesolutions.com/. To contact Jeff Stafford directly email Jeff@kingstonmortgagesolutions.com. To access some of the statistics found on today’s show go to this Ottawa Business Journal article https://obj.ca/article/ottawa-housing-market-stays-hot-through-august-home-sales-10.