Kingston Market Update June 23, 2022

Changing times in the market sometimes requires creativity. We have been working with a number of buyers who have a locked-in interest rate and they wanna buy now before that interest rate goes higher and affects their ability to qualify for a mortgage. So sometimes you have to be creative because sellers aren’t quite ready to move as quickly as the buyers would like.

So we had an experience last week where the buyers hadn’t accepted an offer on a home, but the closing was later than they wanted. So what we negotiated was they closed early so that they got that locked-in rate, but the sellers actually stayed in the home for an additional month. And the buyers offered it rent-free and it worked out for everyone.

So if you are worried that you’re under a time crunch, give us a call and we’ll talk about how we can help you.

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About the Author
Lynn Wyminga
I was introduced to the Kingston area as a university student in the 1990s, and was drawn back to the area with my family in 2016 after living in Vancouver and Toronto. I have gotten to know and love the city of Kingston and surrounding areas including Lennox & Addington and Frontenac Counties.
Previously an entrepreneur and software consultant and trainer, I use the interpersonal, communication, research and tech skills I gained in these careers to help you sell and find the right home. Working with honesty, integrity, and a passion for helping others, I put your home buying and selling needs first and foremost.
When not helping clients, I enjoy time outdoors and volunteering for community organizations on Amherst Island, where I live with my husband, two children and our whoodle.