On this podcast, episode 134, Adrian and Ariel discuss if the Real Estate bubble is going to burst and whether or not you should sell your home and rent.
This idea comes from people assuming that we are on a seller’s market with low supply and high demand. Homeowners think the most beneficial way to capitalize on this opportunity is by selling their home to rent, waiting for the bubble to burst, then rebuy at a lower price.
We believe that strategy of selling your home now and catching your market on the dip is very unlikely due to the fact that there are no signs that the market is going to dip. Your home is your biggest asset and it is too risky when there is too much demand in the market.
To sum up, the Real Estate bubble is not going to burst any time soon. If anything, it will be a slight plateau. If you are convinced it is going to burst, the best course of action is to be prepared by having your money ready, have funds available to invest, don’t sell in order to buy.
All of that and more on KT Confidential – Real Estate Podcast.
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Adrian Trott
Ariel Kormendy
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The founders, Ariel Kormendy and Adrian Trott, started The Kormendy Trott Team, a real estate team based out of Halton region in Ontario, after both being in need of a change from their successful careers in the automotive industry and both experiencing the lack of service being provided in the real estate industry. They kicked off their careers in 2011 and quickly became a top-performing team in the country, ranking 17th of approximately 200 for Century 21 in 2017; as a team of just the two of them compared to much larger teams. They decided that they needed to take their team from being real estate agents in Milton to the rest of the GTA and beyond by expanding and servicing more areas. The team has since grown to have an administrative arm, media department and successful sales team operating a smooth running and successful business. Follow them on social for behind the scenes info, real estate tips, industry secrets and more.
