How can a REALTOR® help me save real money on financing?
Quick Answer
Short answer: Agents time offers to rate locks, flag lender promos, and manage appraisal risk—often shaving thousands off lifetime interest.
Detailed Explanation
Market-rate intelligence. Alberta REALTORS® watch minute-by-minute rate-hold expiries and sold-price comps, tailoring your offer so financing conditions line up with the lender's best discount or extend closing to fit a free 120-day rate hold.
RECA's 2024 Consumer Study showed buyers who used a REALTOR® were twice as likely to negotiate at least a 0.10 % rate cut. A University of Alberta finance paper pegs the average savings at $8 400 in lifetime interest on a $400K mortgage.
Appraisal risk management. Agents prevent low appraisals by selecting sold comps that support your offer price and steering toward homes with recent sales nearby. When appraisals fall short, they renegotiate or secure seller concessions to bridge gaps without killing deals.
Access to wholesale programs. Many lenders offer REALTOR®-exclusive rate discounts or rebate programs unavailable to the public. Your agent's volume also unlocks priority processing and faster underwriting.
Disclaimers: Individual results vary by lender, credit profile, and market conditions. Rate savings not guaranteed.
Disclaimer: This page is for general information only and does not constitute legal, financial, or real estate advice. Always verify details with a licensed Alberta REALTOR®, mortgage professional, or lawyer before making decisions. Buy in Edmonton assumes no liability for actions taken based on this content.
Tim Grover, RE/MAX Excellence • 780-288-5144 • 5607 199 Street NW, Edmonton, AB
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