I have a condo in Calgary that I want to unload. I have a mortgage that is fully assumable. How easy is it to list an assumable mortgage? I can provide a cash incentive too.

Do you mean how physically easy is it? You simply have to list the details that the property is being offered with a mortgage that is assumable, then direct interested parties to ask their Mortgage Broker or (initially) their Real Estate Sales Rep or agent for more information on the advantages of assuming. For ex: maybe better interest rate then what could be now achieved for the Buyer. Perhaps there is a subtle appeal to the Seller of not having to pay a penalty for dispensing of the mortgage, which may have the affect of them being able to accept a lower offer price. Not sure if that was what you were wondering?

When you do the listing, we make the remarks that the property is assumable. Keep in mind that the buyer does still have to qualify, even if it's assumed. Depending on the interest rate that your mortgage is, will determine if it is something the buyer is interested at looking at. I have a couple people that are looking for condo's, but not necessarily, but not completely out of the question, assumable mortgages. What area of Calgary are they in. Let's discuss if possible. Call me, 403-608-1410.

Be careful when allowing someone else to assume your mortgage. You might be responsible for the mortgage, until the end of the term, if the buyers default on the mortgage. Read your mortgage contract or have a professional read it before deciding.

Dale Green said it all. In Alberta we can still offer assumables. Buyers must qualify - condo sales will be more brisk in 2012. Buyers are looking for Condo's in Calgary. Send me more info if you wish me to help. 403-827-4663

It's very easy to list it, contact your local Realtor.