Selling One Home & Buying Another + YOUR Mortgage Questions Answered

Trying to buy a new home while selling your current one? It can feel like a logistical nightmare.

This week on Under One Roof MTL, LJ Aguinaga shares practical strategies for coordinating a purchase and sale at the same time, from timing closing dates to using bridge financing. Plus, Fred and Martin answer some of the mortgage questions they hear most often from homeowners and buyers.

In This Episode: What's Happening in the Market Right Now

• Canada has officially entered a technical recession for the first time since 2020
• What a slowing economy could mean for home prices, interest rates, and borrowing costs
• Equifax reports a rise in homeowner insolvencies as more Canadians struggle with mortgage payments
• Why homeowners facing financial pressure should explore their options sooner rather than later

Real Estate: Selling and Buying at the Same Time Without Losing Your Mind

Buying and selling simultaneously is one of the most stressful situations homeowners face. LJ breaks down how to make the process manageable:

• The biggest mistakes homeowners make when trying to coordinate both transactions
• Whether it's better to sell first or buy first
• How to line up closing dates and avoid costly overlaps
• Conditions and clauses that can help protect buyers and sellers
• What bridge financing is and when it makes sense
• Common stress points and how to avoid them
• How to start preparing now if you're planning a move within the next year

Mortgages: Frequently Asked Mortgage Questions

Fred and Martin answer some of the questions they hear most often from listeners:

• Should you choose a fixed or variable mortgage?
• Is a 3-year term better than a 5-year term?
• Will mortgage rates come down this year?
• Should you renew with your current lender or shop around?
• Can self-employed borrowers qualify for a mortgage?
• How much home can you realistically afford?

Trivia Question of the Week

Question: What is a special assessment?

Answer: A special assessment is an additional one-time fee charged to property owners to cover major unexpected expenses or capital improvements. It is most common in condos where reserve funds are insufficient to cover significant repairs.

Get in Touch LJ Aguinaga – Real Estate

📞 514-500-4040

📱 Instagram & Social Media: @ljaguinaga | @ljrealties

Plex Dr Property Management

📞 514-709-6397

Fred & Martin – Mortgage Experts

🌐 FredAndMartin.com

📧 underoneroofmtl@gmail.com