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 $2,400 annually on a $500K mortgage.
- Rate-hold timing and lender shopping
- Appraisal risk management and comps
- Financing condition coordination
- Mortgage broker network access
Strategic offer timing. Agents know which lenders offer flash promos, when banks refresh their rate cards, and how to structure offers that protect your rate while maintaining competitive edge.
Disclaimers: Mortgage rates fluctuate daily. Agent assistance with financing is advisory only—final terms determined by lenders.
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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