Mastering the Real Estate Market: Insights from Louise McKnight

In this episode of the House Rich podcast, host Matt Parker, also known as Mortgage Matt, sits down with Louise McKnight, a highly experienced realtor from South Surrey, Canada. They discuss Louise’s journey in the real estate industry, her team’s approach to serving clients, and the current state of the real estate market.

Key Points Discussed:

1. Introduction to Louise McKnight: Louise is a seasoned realtor with over 20 years of experience in the real estate industry. She leads a multi-award-winning team, Team McKnight, which has facilitated over $2 billion in real estate transactions over the past eight years. The team is known for its commitment and dedication to their clients, serving the South Surrey and White Rock real estate markets. Learn more about Louise McKnight and her team here.
2. Louise’s Journey in Real Estate: Louise transitioned into real estate from the newspaper business in 2008, foreseeing the decline of the newspaper industry. She started with a small company called Bay Realty, which she eventually took over and ran with a colleague, Jeff Glacier. They sold the business to McDonald Realty three years ago.
3. The Importance of Teamwork: Louise emphasizes the importance of having a supportive team in the real estate industry. Her team, which she describes as a family, has been together for many years, providing a strong support system and a source of energy.
4. Current State of the Real Estate Market: Louise discusses the recent rate increase from the Bank of Canada and its impact on the market. She advises sellers to price their properties well and buyers to be patient and get pre-approvals for their mortgages. She also emphasizes the importance of not overextending oneself financially when buying a property.
5. Advice for Potential Buyers and Sellers: Louise advises potential buyers and sellers to be patient and cautious. She emphasizes the importance of getting a pre-approval for a mortgage and setting realistic expectations for the buying or selling process.
6. Memorable Transactions: Louise shares a memorable transaction involving two large developers. The negotiation process was tough and lasted for two weeks, but in the end, everyone was happy with the outcome.

Contact Information:

• Louise McKnight: Louise can be reached via email at Louise@macrealty.com for any real estate inquiries.
• Matt Parker: Matt can be reached at 778-897-2554 or via email at matt@mattparker.ca. You can also visit his website at mattparker.ca for more information.

Questions to Consider:

1. How can you apply Louise’s advice about not overextending oneself financially when buying a property?
2. What steps can you take to ensure you are prepared for any potential rate increases in the future?
3. How can having a supportive team benefit you in your professional journey?

Listen to the full episode here.