Different Types of Property Ownership | REAL Collective Podcast

05/03/2024 31 min

Listen "Different Types of Property Ownership | REAL Collective Podcast"

Episode Synopsis

In S10E9 of the REAL Collective Podcast, Sean and Kyle are discussing different types of property ownership and the intricacies that go along with each one.

In the first half Kyle gives an update on the latest mortgage landscape and some key strategies. He stresses the importance of avoiding the "should" trap and encourages his clients to pick an option that works best for their personal scenario.

In the second half Sean digs into the differences between three different types of property ownership, condos, freehold with a common elements agreement and a parcel of tied land.

If you are considering buying, selling, or investing, don't miss out on another extremely valuable episode of the REAL Collective Podcast. Keep it REAL Collective!

To access our Complimentary Resources (SOLD Price Search, Seller Guide, Buyer Guide & Home Evaluation) visit: https://realcollective.ca/exclusive-resources/

Are you buying or selling? Book a meeting with Sean or Kyle today!
Sean: https://calendly.com/seanrealcollective
Kyle: https://calendly.com/kmmortgage/phone-connect

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An update on the fixed rate market: (1:46)
What’s the mortgage move if you are considering buying a home? (3:05)
Variable rates may not be for everyone: (6:30)
Don’t get caught in the “should” trap: (7:05)
Variable may still not have been the worst idea the last couple of years: (8:00)
The ideal situation doesn’t exist: (12:04)
Finishing up Sean's story from last week: (13:50)
Jumping through hoops for the bank: (15:20)
Half time: (19:13)
Overcoming lack of knowledge: (20:24)
3 different types of ownership: (21:00)
Condo: (21:13)
Freehold with common elements agreement: (22:13)
Parcel of Tied Land: (24:26)
Mobile homes and leased land: (29:30)
Outro: (31:10)

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