In this episode, Tim from Nexus Money discusses the issue of vendors who are stuck in fixed term agreements and are unable to sell their property without incurring significant costs. He explains that in the past, these costs could be quite high, but in recent years, banks have been willing to waive or significantly reduce these costs because they can resell the debt at higher interest rates and make more money. Tim advises vendors to speak with their broker or bank to obtain a quote for breaking their loan, but notes that in most cases, there is no fee or a small fee of only $50.

At Pure Real Estate, we specialize in managing residential properties. Our experienced team has a proven track record of maximizing rental income and minimizing vacancy rates for our clients.

We offer a range of services, including tenant screening and placement, rent collection, and property maintenance. We also provide regular communication and transparent reporting to keep our clients informed about the performance of their properties.

If you are interested in learning more about what we can offer, please don’t hesitate to reach out. We would be happy to discuss your specific property management needs and provide a personalized proposal. Thank you for considering Pure Real Estate.