Some mortgages carry penalties for paying them off too early. These are referred to as “prepay” penalties. Most mortgages allow a borrower to pay up to 20% per year. Lenders generate revenues from the interest you pay on your mortgage, so it’s in their interest to delay the repayment process.

A soft prepayment penalty will allow you to sell your home but will penalize you if you refinance the mortgage.

A hard prepayment penalty will penalize you for selling or refinancing. 

The amount that you may have to pay will depend on the specifics of your mortgage. It can total as much as 80% of six months worth of interest-only mortgage payments.

Many sellers want to work with a realtor that they have a history with. However, when it comes to unfamiliar markets, it pays to work with an agent that knows the market you are selling your property in.

I take the time to get to know my clients, their goals, and will complete a Comparative Market Analysis (CMA) of nearby properties for you. This process is important as it will help you understand the specifics of your market.

My experience allows me to understand which properties are comparable, what your property is worth, and I will help you get the best value for your property.

This is one area that many homeowners find confusing. There are many strategies you can use to get more out of this process.

Transitioning from selling your property to buying a new one isn’t complicated, but there are specific rules that must be followed. Here are a few things to consider:

You should consult with your mortgage advisor to see if you are able to purchase a house while your existing one is still up for sale.

You may be able to write a subject to sale offer that will give you time to sell your existing house before committing to purchasing the new one.

You must analyze the market you want to buy in and find out how long it will take you to purchase, close, and obtain your new property.

Do you need help with this process? I can connect you with my preferred mortgage broker Rita Cousins, who can help you structure the purchase of your new home and get the best interest rates possible.

It takes a lot of time and effort to get your property ready for the market. I recommend you take the time to update specific things, including:

• Staging your house for showings
• Updating your paint and completing other minor renovations
• Putting any unneeded furniture and clutter into storage
• Keeping your house extremely clean on days it’s being shown
• Removing family photos and other personal items that may depersonalize the home for a potential buyer

Staging your home is an important part of the selling process. Potential buyers want to see a clean home that looks appealing.

I offer staging services that you can use to improve the look and feel of your home. This service is easy to use, will prepare your home for selling, and will impress potential buyers during showing.

I help my clients get their listings the exposure they need by taking the time to understand their goals and ambitions.

Marketing your home takes more than just listing it on MLS. I use an approach that leverages MLS, my network of industry professionals, social media, and other channels to provide your property with the exposure it needs to sell.

I’m happy to discuss my strategies with you, so we can develop a plan that works for you and sticks to your timelines.

You will need a lawyer/notary for any real estate transaction that you want to complete. 

We can help you connect with reliable lawyers in your local area that may be more familiar with local bylaws and other specific laws.

Are you looking for a notary? My preferred notary Irina Bartnik can help you notarize your real estate deals.