Sivasambu Realty
1090 Ambleside Dr K2B 8G7 Ottawa, ON, Canada

BREAKING: Open Houses Banned in Toronto, Ottawa, Peel and York Region View this email in your browser. BREAKING: Ontario Government Banning Open Houses Dear Uthayan Alex, ...Continue reading

Prices are going up again!

*****Housing Market & Mortgages**** The most common pre-approval scenario occurs when a potential mortgage lender looks at your application and finances very quickly and offers a rate hold based on the information submitted. This is NOT a TRUE Pre-Approval. What does this mean?... As a potential buyer you need to be clear about what you qualify for. You will need to submit all income documentation to the agent up front so that he/she can assess the application according to the income types you receive and what the lender will require for your situation. Everyone’s source of income is different so your agent will know what to ask you for. Despite the pandemic, the real estate market is HOT, properties are getting bought up, most with multiple interested buyers and no financing conditions so it is imperative you have a firm pre-approval in place. With more houses receiving multiple offers, a pre-approval letter can be a key positive influence in a bidding war, and you do not want to miss out. Getting pre-approved doesn’t just give you an idea of how much house you can afford, it also lets sellers know you’re a serious buyer!

Ottawa Realestate poised to break the ceilings again!