Toronto, Ontario (PRWEB) May 08, 2013
CTO of local Canadian mortgage company Syndicate Mortgages gives his opinion on a recent article about how buyers give a wide berth to homes formerly owned by smokers. According to the mortgage expert, families will usually think twice about settling in a property that is owned by smokers.
“What does a good school district matter when the kids have to come home to a house that smells like tobacco?”, says Mr. Arkan, “ That smell won’t go away any time soon and families have better things to do with their time than try to get rid of it. One whiff is enough to compel any buyer to look elsewhere for better real estate prospects.”
Mr. Arkan adds that a former smoker’s home can have the same impact on a property’s value such as a noisy neighborhood or bad neighbors. This is the same reason why parents won’t likely buy properties that are near hazardous sites like landfills or factories. Potential homeowners need to put checks all the requirements if they plan on staying in a property for the long term.
The CTO also opines that it would be in a seller’s best interest if he halts his bad habits especially if his financial situation is not stable. Such habits might also have an impact on how a home is listed on Canadian mortgage listings.
According to Mr. Arkan, “Simple initiatives like choosing to smoke outdoors can make the difference between selling off a house and having it sit in the market with no buyers in sight. For instance, if buyers are strapped for cash, they might agree to live in a home that is not near a good school district but will look elsewhere if it smells like a bar.”
In the end, Mr. Arkan says that it’s better for sellers who smoke to quit the habit since it also poses a fire hazard. The real estate mogul says that burn or scorch marks will only strengthen a buyer’s resolve to reject such a property.
About Syndicate Mortgages
Syndicate Mortgages is a real estate firm that is based in Canada. The firm offers local and foreign investors the chance to avail the most suitable mortgage rates in the country. Syndicate Mortgages has access to a large number of lending institutions across Canada like major banks, private funds, credit unions, trust companies and over 70 Canada mortgage lenders. The firm is composed of industry specialist who leverage years of experience to provide customers with solid financial advice and locate mortgage rates that will suit their individual needs the best. For more information about the company please refer to the following –
Syndicate Mortgages Inc.
Toll Free: (888) 646-1062