Page 30 - Sports Energy News, Cornwall, Issue No 146

30 Issue #146 March 2025 www.sportsenergynews.com

Neighbourly Advice Fr om Our Local Pr ofessionals
Neighbourly Advice From Our Local Professionals

By Michael VanderMeer sold quickly, over-pricing it is certainly not is not us that make the market – it’s the market
Real Estate Agent going to help. If you are trying to sell your that dictates prices, but we will recommend
home to buy another you could end up losing revisiting the price after a reasonable time
THE PERILS OF OVERPRICING YOUR the house you want because your home does on the market or lots of showings without
HOME. not sell fast enough. producing any offers.
Over the years I have seen many homes ask One of the biggest perils is if you actually do When your realtor shows you comparables,
too much money to begin with, and one of the find someone to buy your home and their bank pay close attention to what the market is telling
biggest perils is that it becomes market weary requires an appraisal; if the home appraises for you. If you still think your home is worth more
and sometimes sells for less than if it had been less money, you most likely will lose the sale. then I would recommend having an appraisal
properly priced in the first place. Most Realtors will price your home at your done to make sure that you do not overprice
Another peril is time. If you need your home price as long as it is within reason; after all it your home.

By Brian Johnston higher rates when they renew their loans. The seven months, the data suggest that borrowing
Mortgage Specialist province had a mortgage delinquency rate, in costs are overwhelming homeowners who are
which a homeowner has not made a payment still facing higher rates upon renewal than they
MORTGAGE DEFAULTS CLIMB IN for at least 90 days, of 0.22 percent, according had when they took out mortgages several
ONTARIO AS HOMEOWNERS FACE to credit reporting agency Equifax Inc. That is years ago. “The numbers are telling us that
RENEWAL AT HIGHER RATES up from 0.19 percent in the third quarter and there are more consumers struggling,” said
More Ontario homeowners are missing their 0.12 percent in the fourth quarter of 2023. Rebecca Oakes, vice-president of advanced
mortgage payments, according to new data, Even though the Bank of Canada has analytics at Equifax Canada. “We are not
which suggests they are struggling with aggressively cut interest rates over the past
Continued on page 31

of staying invested in the long run… certainty.
Max Ming P.Eng. CFP ®
Financial Planner especially when markets are difficult. 3) Dollar Cost Average (such as bi-weekly
Don’t put your life savings into an deposits) instead of trying to time the
INVESTING PRINCIPLES TO
investment that could go to the moon; have market. As history has shown, investors
REMEMBER a diversified, rebalanced portfolio which can be their own worst enemies. No one
We thought it would be a good time to never puts your family in the position of can predict the future (or the emotional
revisit an article we shared a few years
being wiped out by one investment. Have reaction of humans), so trying to time the
ago. Given the global and political a clear investment strategy and don’t market (sell high, buy low) has never paid
landscape today, we continue to be
deviate from it when you need to rely on off over the long term. In fact, it often
shelled with news headlines of economic it the most. results in inconsistent behavior which,
uncertainty around the world so let’s take a step back and recall 2) Being humble is better than certain. more often than not, will impact your
what makes a sound long-term investor. Here are a few points to Upon first thought it may seem odd with wealth negatively. When you abandon
remember. your money, but no one can predict what any effort of trying to time the market and
1) Simple is better than complex. Simplicity allows you to will happen in the future. When investing just invest the same amount monthly (or
understand what you do (and own) which increases the odds in the markets tread with humility, not Continued on page 31

With our 2025 “Just Homes Listing Program”, Homeowners will never pay more than

3 3/4%+ HST commission which includes full weekly local newspaper

Owned and Operated by M. Jean Cameron Real Estate Limited advertising until sold, internet promotion and even an open house program when needed.
Serving the Community since 1959
The savings may not stop here. When we sell your home directly to a buyer
check us out on the web at: without another real estate brokerage involved in the sale, we further reduce our
www.soldsmart.ca
sandy@homesnet.ca commission to only 2% + HST
“Not intented to solicit properties already listed for sale”