Caleb and Riley are joined by Gary Saran to discuss what factors are most important to consider when purchasing or selling real estate. Monthly mortgage payments required to buy the median existing U.S. home has increased more than 75% since the beginning of the pandemic. How much should interest rates and housing markets play into your decisions? That’s what we discuss today with Gary Saran of Calgary, Alberta, a licensed real estate advisor with the eXp Realty Family where he helps buyers, sellers and investors find and buy the right home. Learn more about:

How much should interest rates and housing markets affect your home buying decisions?
Can we and should you try and ‘time the housing market?
The 10 year rule and how to assess if your situation is prime for home ownership

Memorable Quotes:

“No amount of cheese in something will replace the satisfaction of cheese on top of something”
“If house prices drop by 5% and in that same time mortgage rates increase by 0.5% (for example, from 7% to 7.5%), your mortgage payment on a 30-year fixed rate loan would remain unchanged.”

Resources:

Gary’s website
Gary on LinkedIn
Gary on Instagram
Email Gary at gurkarn.saran@exprealty.com
Call Gary at 403.797.4100
Online debt-to-income ratio calculator
History of fixed mortgage rates in Canada

Hosted by Caleb Miller and Riley Anderson of InvestorDNA Meet Caleb and Riley Book a Call Subscribe on Apple Podcasts Subscribe on Spotify Subscribe on Google Podcasts

61: Gary Saran: Is now the right time to buy or sell a house?