Agreeing on a Price
📉 Mortgage rates from five years ago were half of what they are today.
Now imagine your mortgage renewal is weeks away… and your matrimonial home is still on the market because you and your spouse can’t agree on the price.
Even when both parties are cooperating, this situation is risky. Holding out for “more” could mean months of higher interest payments that eat away at whatever gain you were hoping for.
If you’re here, consider:
1️⃣ The true cost of waiting: Factor in higher carrying costs at the new rate.
2️⃣ Neutral valuations: An independent appraiser or experienced realtor can provide an unbiased market range.
3️⃣ Price-reduction timelines: Agree to a set schedule for adjusting the price if the home doesn’t sell within a certain period.
The goal isn’t just to sell, it’s to protect both of you from unnecessary financial strain and help you move forward.
🎥 In this week’s Matrimonial Monday, I share the steps to break the stalemate and sell smart in today’s market.
The Graff Group Toronto: Icons of Real Estate
Samantha Graff Benmor & Cheryl Graff
Experience. Empathy. Results.
