Black Hole Of Real Estate Podcast

This May Be The Most Opportune Time To Buy Real Estate...  ...which might seem crazy given the current market environment the market has been quiet everything in the sales process is taking longer interest rates are higher than most people would like the economy has prolonged uncertainty the government is currently shut down so why now? think about all of the above things in reverse when most peop...

Pre Approval vs Pre Qualification And Why 1 Might Not Be Helping You...  ...there is a decided difference between the 2 and you need to know what that is A Pre Qualification letter is a rough estimate of what you can qualify for based on limited information provided to a lender: that may/may not have verified a credit report or seen any financial documents it most definitely has not been reviewed...

3 Step Process To Sell Your Haunted House...    ...a much different way to market you home during the holidays Typically you will hear that the best things to do are deep clean de-personalize de-clutter curb appeal But what if you wanted to have a little fun AND also attract buyers that loves your home for the same reasons that you do Stay with me on this I think we can keep deep clean on any list...

The Next Interest Rate Drop...      ...will begin to take place after Columbus Day The Fed released their meeting minutes this week from the September meeting of the FOMC (Federal Open Market Committee) Much of the statement was focused on their signaling  of 2-3 rate drops by the end of 2025 1 of those rate drops happened at the September meeting and its very likely that they will announce anothe...

You Can Get Flood Insurance During The Government Shutdown...   ...but you will need to seek an alternative to the typical policy there is a lot of chatter about this that is incorrect and its causing people to believe that their real estate deals are doomed its untrue and its causing a lot of unnecessary stress for people the most popular flood insurance policies are government backed they are re...

The Government Shutdown Just Affected Some Home Sales... ...and you are worried that it will affect the purchase of your home Let's start by saying that most people believe that the shutdown will not last long and if that is the case, most home purchases will be largely unaffected But let's suppose that it does drag on for a couple of weeks or if it continues even longer than that home buyers that...

Choosing The Right Agent In A Market Like This... ...is going to take some deep thought to get it right and it may not be the right time to hire a friend a family member a part time agent the neighborhood expert yourself and sell FSBO most people know someone that may have done really well a few years ago when the market was VERY different the majority of those agents are struggling this year  and...

Weren't Interest Rates Supposed To Come Down? well...actually...they did right before the Fed Meeting announcement of a .25% rate drop on September 17 but the market had already priced in that .25% anticipated rate drop so when the Fed chose to stick with the that and not get more aggressive with a .50% drop the market went in the only direction that it could which was a slight rise in rates in th...

Renting Out Your Current Home Without Positive Cashflow...    ...Might actually make sense for many home owners I know, I know No one wants to lose money each month or pay for someone to live in their house but what if we took a closer look at things we might just find out that there is actually a gain in your net worth let's suppose that you mortgage payment is $2000 per month and your goal is to...

The Cost Of Buying A Home Just Went Down ... ...As The Fed finally reduced interest rates at this weeks meeting which will lower monthly payments for home shoppers the .25% drop is the 1st one in almost a year it was a highly anticipated move and most banks had lowered interest rates in advance of the meeting so the rate reduction is already priced in for most lenders due to that we may not see ra...

Closing A Condo Sale With Special Assessments Involved...        ...is quite common these days Taking the time to understand how they work and why they come about opens the door to the widest possible array of properties for a buyer to consider when condo hunting condo associations have monthly assessessments (HOA Fees) they cover common items such as water, sewer, building insurance, common area...

For Sale Buy Owner In Today's Market...   ...is a strategy that can absolutely work for some home sellers most of which want to save the cost of real estate commissions long term data has shown that 12%-14% of FSBO sellers are successful they are typically very good at sales can pinpoint home values excellent marketers experts are negotiation proficient with real estate contracts but what about th...

The Jobs Report Just Changed The Direction Of The Market...   ...and interest rates are dropping faster than at any time this year A ton of news dropped on Friday 9/5/25 regarding the new job report numbers estimates as high as 70,000 new jobs were anticipated the actual number came in at 22,000 jobs created and the market went a little crazy almost immediately if you are considering a home purcha...

This Real Estate Market Isn't Unique...     ...In fact it reminds Me of the post recession markets 2010-2012 Buyers are once again taking their time buying a home similar to back during those troubled times Which absolutely makes sense as the current market is seeking direction It's the biggest purchase most people will ever make And prices are much higher than the last time current owners bought...

Here's Why Some Feel It's Better To Just Rent For 1 More Year...   ...and are giving up on buying a home right now Time and Money it always comes down to those 2 things price and value always need to make sense on a BIG purchase and timing is a huge part of any decision for those that are renting right now and have an affordable place to live that works for them they could absolutely be tempted to...

Back To School Moves AFTER classes Start... ...is happening more this year than in the past moving during the break between school years has tradtionally been the preferred path for most families  The Summer of 2025 Buying season was really drawn out and in a lot of markets, it never really happened it wasn't out of laziness or lack of desire to move but rather due to economic uncertainty whats in...

Mortgage Rates Hit A 10 Month Low...    ... even though the Fed hasn't dropped interest rates in 2025 So what is causing this to happen? I have some ideas pent up demand banks pricing in future rate cuts a slowdown in mortgage applications alien intervention The reality may just be 3 of the 4 things above are working at the same time Meanwhile, Fed Chairman Jerome Powell spoke at the Jackson Hole...

It might make sense to pay PMI when you buy a home...  ...despite what you may have been told Private Mortgage Insurance is used when a home buyer is financing a home with less than a 20% down payment It is not homeowners insurance to help the owner if there is damage It is a safety net for the lender of the home loan in case the buyer doesn't pay the mortgage and goes into deafult mitigating the...

If I Was Going To Use An FHA Loan To Buy A Home...  ...I would be looking at the 3.5% down option FHA Loans have been around since 1934 They are sometimes called a 1st Time Buyer Loan The fact is that they are available to anyone But with the low down payment it is particularly attractive to 1st timers Sellers are allowed to help the buyers with closing cost assistance which lowers the barrier to...

If I Was Going To Use A VA Loan To Buy A Home... ...I would be looking at the no $$$ down option VA Loans are available to Veterans that have their D214 Eligibility Certificate A program like this is a great way to get thank our Veterans Another great feature of this loan is that it is allowable for the seller of the home to help pay for the closing costs up to 4% of the purchase price can be cred...

If I Was Going To Use A 401k To Buy A Home... ...I would start by learning how much tax would be owed when I take the $$$ out and I would definitely contact your 401k plan admin team for more info I always find it interesting when home buyers tell me that they are going to use their 401k to buy a home It's not that I think that its a bad idea as it can make a lot of sense in the right situation bu...

If I Was Flipping A Home Today...     ...my main focus would be the location of the home and it would be a desirable area for someone to live in so that I would have a large target audience when it was time to put the renovated home on the market this doesn't mean that the home needs to be in a $$$ million $$$ neighborhood an ideal location may very well be where homes are selling below the media...

US Home Prices Are Up... ...and so is consumer confidence despite the Fed Stubbornly refusing to lower interest rates The U.S. Federal Housing Finance Agency's (FHFA) recent report shows that while home prices were down .2% in the month of May but they are up 2.8% between May 2024 and May 2025 Separately, The Conference Board reported that its consumer confidence index rose 2 points from 95.2 in J...

Time Will Defeat $$$ In August... ...as many with their move on hold are done waiting for interest rates to change we are seeing very clear signs that there will be marriages of convenience as we enter into the latter half of summer the reality of summer vacations ending soon and the start of a new school year on the horizon creates a growing number of delayed home sales gaining momentum and for t...

Condotels Are A Vacation Home And A $$$ Maker...   ...can be a great 1st time investment property as long as you understand how they work at a super high level they are absolutely different than your typical condo and can cost a lot less than a traditional condo keep in mind that they are almost always cash sales as most bank will not approve a mortgage in a heavy rental building condotels can loo...