Agreeing on a Price
đ 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 canât agree on the price.
Even when both parties are cooperating, this situation is risky. Holding out for âmoreâ could mean months of higher interest payments that eat away at whatever gain you were hoping for.
If youâre here, consider:
1ď¸âŁ The true cost of waiting: Factor in higher carrying costs at the new rate.
2ď¸âŁ Neutral valuations: An independent appraiser or experienced realtor can provide an unbiased market range.
3ď¸âŁ Price-reduction timelines: Agree to a set schedule for adjusting the price if the home doesnât sell within a certain period.
The goal isnât just to sell, itâs to protect both of you from unnecessary financial strain and help you move forward.
đĽ In this weekâs Matrimonial Monday, I share the steps to break the stalemate and sell smart in todayâs market.
The Graff Group Toronto: Icons of Real Estate
Samantha Graff Benmor & Cheryl Graff
Experience. Empathy. Results.
