Black Hole Of Real Estate Podcast

Pent Up Demand Movement... ...it seems like its happening on both sides right now There a number of reasons that buyers and sellers alike have put their plans on hold   interest rates went up inflation government shutdown war in Iran   and interestingly enough those things will fade away with time but none of them are the real reason that pent up demand will cause people to take action market sale...

Signing A Contract On Behalf Of Someone Else...     ...I am not an attorney, contact one before you do anything There are a number of reasons  where it makes senses for someone to sign a contract for another person using a power of attorney (POA)   they may be out of town they may be out of the country they may lack the competency the may not be physically able to sign   there are cases that are s...

Property Info Not Showing Up In Your Email...      ...We have a solution to a problem you may not know that you have one of the biggest and most common mistakes that home buyers and agents are making is not adding each other as approved contacts in their email system go ahead and laugh it sounds trivial for sure and yet there are home buyers missing out on properties that were sent to them by thei...

The 2nd Quarter of 2026 Will Go Like This...     ...slow and then a little faster the year started off with great optimism for sure   interest rates were coming down homes going on the market was increasing buyers were active   Unfortunately, that momentum was derailed by any number of things so what needs to take place for the market to pick up   end the government shutdown end the war in Iran in...

The 1st Quarter of 2026 Wasn't...   ...as predictable we predicted It sure looked like:   interest rates were going to steadily decline the number of homes for sale would increase a lot the number of home sales would increase a lot   and while those things may very happen in the 2nd quarter of 2026 they didn't happen to the extent that we thought it would what didn't we see coming?   another lengt...

Fear Of Appraisals... ...is 100% real for buyers and sellers alike the buyer wants the home to appraise so they can get the loan approved the seller wants the home to appraise so the sale doesn't get cancelled there are 3 possible  outcomes on every appraisal   the home appraises for the contract value and the deal continues the home appraises for more than the contract price and the deal continue...

One of the BIGGEST Mistakes that Home Buyers make... ...Buy The House 1st and the Car 2nd time and time again I see people making this mistake and with all of the information available it's tough to understand how it keeps happening If you missed the memo on this here is the quick version when you buy a home with a mortgage the bank underwriter is going to take a long hard look at   your income -...

Sometimes You Need To Lose A Home You Really Want...    ...and the biggest problem I find is that buyers quite often don't have the $$$ part figured out consumers have grown very accustomed to shopping on their own terms   its easy to shop online check prices compare features compare reviews supply is typically not limited usually paid for on a debit/credit card   so when it comes to a home purcha...

Calling The Fed's Shot This Week... ...since everyone is asking what's gonna happen I would be absolutely shocked if the Fed does anything but keep interest rates the same The USA is currently:   lobbing bombs into Iran in the middle of a partial government shutdown debating voter id registrations in an uncertain inflation environment and Fed Chair Jerome Powell is under investigation   Mark it do...

Pre Buying Your Retirement Home Before Your Retire...  ...what you need to know that you haven't thought about I am seeing a trend of retirement home buyers moving up their timeline to purchase   interest rates have come down inventory has increased new listings in this sector are selling faster prices are anticipated to increase   but some home buyers are experiencing some unexpected issues the m...

Incomplete Offers Lose Homes Buyers Want... ...as sellers avoid offers that are missing key elements Most real estate agents have access to offer forms where they can fill in a series of blanks with the price and terms that a buyer wants to offer to the seller it sounds simple and it can be  if all the blanks are filled in it would help if they were filled in correctly and when this happens the se...

The Sellers Disclosures Are Wayyyyyyy More Important...    ...than most home sellers probably realize and its not a shock in the past they have been looked at as an afterthought something to get done once a home is under contract some sellers - and agents for that matter have looked at them as a bit of a nuisance thing what I am seeing in today's market is that home buyers want this information up...

The Place To Get A Down Payment For A House... ... is right in front of you Home Loans Come in all shapes and sizes A VA Loan or USDA Loan are 2 that may not require any down payment FHA Loans can have a down payment as low as 3.5% Conventional loans typically start at 5% down payment and there some that only need a 3% down for well qualified buyers So where do you get the $$$ for that down paymen...

Interest Rates Dropped to 5.99%...    ...and rates are now at their lowest point in over 3 years you would have to go back to September of 2022 to find a lower rate and there are now some really, really good things available now for consumers lets examine the math behind a $350,000 home purchase with a 20% down payment to avoid mortgage insurance and using a 30 year fixed rate loan last year the i...

Why Showings Are Down...    ...without a doubt its due to Alien Intervention what else could it be? Its certainly not any of the these things, right ? economic uncertainty political unrest global conflict 3rd government shutdown no change in interest rates since December 9 Nope ! Its definitely Aliens A lot of great properties aren't selling and its not necessarily due to price or marketing its a...

When Is AS IS Not Necessarily AS IS... ...Especially when things go sideways without warning The #1 thing that seems to go wrong are issues that pop up during the inspection period that no one could have predicted upfront the seller may not have been aware the buyer didn't see it during the showing the agents didn't notice it during the showing the issue may have occurred after the showing so does...

Protecting Yourself When Writing An Offer...    ...so that you don't feel trapped if things go wrong There are number of contingencies that can be put into an offer that would help a buyer feel more comfortable while under contract keep in mind that adding a lot of moving parts might make the deal more complex and less attractive to a seller  if it's a competitive offer siutation it would make sen...

How To Pay Less Property Tax...      ...by using The Florida Save Our Homes Amendment (SOH) this is a discount available for home owners for their primary residence it was designed to help homeowners with high property value appreciation there is a 3% tax increase cap per year the assessed value of the home is used for the tax calculation not the market value of the home this can save homeowners h...

Joining The Flipping Game... ...when you are seemingly cash deficient to make it work sometimes you have the $$$ and don't realize it for anyone that bought a property in the last 5+ years there is a real possibility that you have a significant amount of equity that you could unlock to make real estate investments there are definitely a large number of people that just want to pay off their home t...

You Are About To Hire Your Friend To Sell Your Property... ...and it might not be the best decision in a market such as this pretty much everyone has a friend or a family member with a real estate license before you do anything, ask yourself these 4 questions are they active and full time in the business? did they sell more than 1 home last year? do they have a solid track record and a lot of 5 st...

Leasing Your Home When The Rent Is Lower Than Your Mortgage Payment...   ... it definitely seems like a MAJOR problem but it doesn't have to be there are a growing number of "Accidental Landlords" out there homeowners that never planned to rent out their home are finding themselves in a precarious situation where they might just have to it usually happens when the owner does not have sufficient eq...

The Fed Is Keeping Rates The Same...       ...and its not at all shocking to me The Fed has lowered rates by .25% 3 meetings in a row for a total of .75% recent interest rate reductions The President recently authorized $2 Billion in bond purchases to add liquidity to the market and encourage more lending by banks it makes sense for the Fed to pause and examine the economy before making more moves...

Pivotal Fed Meeting This Week...     ...that will set the tone for the next few months of real estate sales There is a lot of uncertainty as to the Fed's direction at this time They have reduced rates 3 meetings in a row and there is some sentiment that they will hold rates where they are  The meeting will take place January 27-28 if rates remain unchanged, they will be in a holding pattern until...

Hidden Inventory About To Hit The Market... ...And you probably don't realize where it's coming from Most people don't recall that a lot of property listings expired on December 31 and it's true that some of them came right back on the market but most have delayed re-entry some are just exhausted from being up for sale some have been too busy catching up from the holidays some are waiting 30 days...

So I Just Bought A Couple Of Fixer Uppers...       ... with a couple of friends over the last 2 months but get this - we don't plan to flip them  The plan is to follow the BRRRR Method Buy Renovate Rent  Refinance Repeat There is an actual book named that Which I bought a few years back read it cover to cover a few times I just wasn't at a place in my life where I was ready, willing, and able to t...