In S10E6, Sean and Kyle discuss why plan B is crucial: unbelievable true stories and define some key real estate concepts that are commonly misunderstood.

First our hosts dig into the difference between a conditional sale and first refusal. Sean then talks about an ongoing real-life scenario with many twists and turns that clearly shows the importance of having a plan B (and maybe a C and D too). He points out why understanding the nuances of the offer for the benefit of your client has a huge impact on the outcome.
Kyle also discusses a recent financing story that involves many different strategies that had to be played out in order to be prepared for the worst case scenario.

At half-time Kyle talks about his word for 2024 - consistency and how he's doing with sticking to his goals. He's been doing great with his morning routines and is really feeling the benefit of  @magicmindYT .
⭐To take advantage of the REAL Collective discount visit: https://www.magicmind.com/realcollective and use the discount code: REALCOLLECTIVE20⭐

In the second half we finish off with another story and some important information about pricing strategies.

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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Website: https://www.realcollective.ca

#realcollective #podcast #ottawa #magicmind #realestate #canada

Intro (0:00)
Plan B – what does that mean in real estate? (2:05)
The difference between a conditional sale and a first refusal (2:34)
An unbelievable real-life scenario requiring a plan B (4:06)
The financing viewpoint (8:00)
The story gets even better – talking about a plan B, C and D (10:20)
Some serious stick handling - knowing the benefits and drawbacks for different scenarios (15:16)
Kyle’s recent plan B financing story (16:20)
Kyle’s word for 2024 – CONSISTENCY- and how he’s doing with his morning routine with Magic Mind (20:30)
Listing a home at a price higher than fair market value (24:05)
Useful HIP Tracker (Home Price Index) based on the year (25:05)
Another real-life story – interesting where people are spending their money (27:25)
There are always ways to work better scenarios into the offer (29:35)
Outro (32:00)

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