In S10E8 of the REAL Collective Podcast, Sean and Kyle discuss essential estate planning for real estate and different scenarios that are possible when buying or selling a home.
They start the episode off with a bit of story time to give listeners the latest scoop on some behind the scenes real estate stick handling discussed in the last episode. They discuss interest rate predictions and the insulation of federal money.
In the second half they give listeners solid advice and explain some of the essentials when it comes to estate planning such as a will and life insurance. They explain the difference between joint tenancy and tenants in common and define probate.
If you are considering buying, selling, or investing, don't miss out on another extremely valuable episode of the REAL Collective Podcast. Keep it REAL Collective!
To access our Complimentary Resources (SOLD Price Search, Seller Guide, Buyer Guide & Home Evaluation) visit: https://realcollective.ca/exclusive-resources/
Are you buying or selling? Book a meeting with Sean or Kyle today!
Sean: https://calendly.com/seanrealcollective
Kyle: https://calendly.com/kmmortgage/phone-connect
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Intro (0:00)
Finishing a story from last week – a complex story (1:30)
The infinite dominos (3:55)
When should you be locking in rates? (4:38)
Keep real estate on your brain (7:30)
Rebooking interest rates for clients (8:00)
The intricacies of shopping rates (9:00)
Interest Rate Predictions (10:15)
The stronger the economy the longer they will hold the rates (11:30)
The insulation of federal money (12:10)
Half Time (13:30)
Second Half (14:25)
Why you need a will (14:44)
Don’t forget life and disability insurance (16:20)
Many policies provided by employers are not enough (18:05)
Selling a Home - Executors and Power of Attorneys (21:40)
What’s the difference between joint tenancy and tenants in common? (22:23)
What is a probate period? (24:15)
Insurance coverage (25:50)
Life events are motivators to buy or sell (28:50)
Why planning is important (30:00)
Outro (31:40)
