This week on the REAL Collective Podcast, Sean and Kyle are talking about navigating post-closing real estate challenges and discussing the difference between hold backs and credits.

Our hosts start off brief discussion about the current state of the market and the re-emergence of multiple offer scenarios. Sean discusses pricing strategies and how it is never one size fits all. He also explains why it's important to discuss the pros and cons of each pricing strategy with your client.

Next, Sean defines hold backs and credits on the statement of adjustments and Kyle comes in to explain why banks don't like either scenario, and how it can affect your real estate deal. They also dive into some real life stories of negotiation and strategy in both the real estate and financing fields.

Kyle also chimes in with his personal experience with Magic Mind "The World's First Productivity Shot" and how it has been a benefit to him with his extremely early mornings (4:30am!) To take advantage of the REAL Collective Offer that has been extended to February 10th, visit: https://magicmind.com/JANrealcollective and use the discount code REALCOLLECTIVE20

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

Magic Mind Discount Offer (extended to Feb 10):
https://magicmind.com/JANrealcollective
Use the discount code REALCOLLECTIVE20

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Intro (0:00)
Spring Market is in the air (1:16)
Multiple Offers in the air (1:48)
More about strategies that make sense (3:22)
Post closing issues - holdback vs a credit on the statement of adjustments (5:30)
The bank’s view on holdbacks & credits (8:15)
Real life negotiation with Sean during the conditional period (10:15)
When Mortgage Agents are educating real estate agents (15:10)
Half Time with Sponsor Magic Mind (16:30)
Second Half (19:03)
A financing story - the power of restructuring the deal properly (19:45)
A conditional sale story, the importance of qualifying questions and why cars kill deals (24:28)
Why the term pre-approved does not mean the deal is approved (29:22)
You can’t oversimplify the process: Ruling in the US (30:52)
Mortgage math can be disappointing (33:00)
Outro (33:45)

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