Black Hole Of Real Estate Podcast

...1st and foremost, is your home properly insured as I often say It's what you learn, after you know it all, that really counts you may want to examine your declaration page this week look at what the policy covers and more importantly, what is not covered give some thought to how much coverage you want it $$$ think about how big of a deductible you prefer are there riders that you need to put in...

...and home buyers and investors are winning Let's Face it Most people feel that new homes  cost too much take too long to build What they don't always realize is that there are high production builders out there that release express homes every week and you can purchase them  and move in within 30-60 days given the current real estate market conditions some builders are offering discounts unlike...

...and there are whispers of the market going negative but one has to wonder is it market movement or is it market manipulation we have discussed the big moves made by Rocket Mortgage to acquire Redfin and Mr Cooper and now is the time that we should take a look at Zillow as they just shared their forecast that home prices may go down nearly 2% next year no has knows for sure but I do find it inte...

...when you were sure that it would quickly sell for top dollar Let's start with the basics There are 3-4 things that really matter most location condition marketing price did you nail down those 4 things ? if you did not you have your answer if you got those 4 things right then we need to dig a little deeper how about the 4 point inspection ? how well did the home do with regard to roof plumbing...

...will bring increased activity to the real estate market Home buyers and sellers create artificial deadlines every year New Years - Elections - Tax Season - End of School Year The "wait and see crowd" typically activate themselves the weeks before and after the April 15 tax season finish line its the time of year where most people have their greatest clarity of their financial picture and with t...

...aren't coming at least in the way that you might think that they are There won't be some new "tax" on real estate sales But there will be an impact to the market as many people are pausing their real estate activities and with that, many may cost themselves a lot of money we only need to look at the numerous recent distractions to understand that making the choice to do nothing is a choice covi...

...Rocket Mortgage is making some big moves They are in the process of acquiring Redfin They are also in the process of acquiring Mr Cooper They are quickly becoming The proverbial 10,000 pound gorilla Its such an interesting play A Gigantic mortgage company adds on a large real estate company with a super sized online presence and then goes a step further by also adding on the largest mortgage se...

... begins with understanding a few simple strategies The method that every individual has the most control over Is to increase their credit score paying down debt usually increases a score but not always let's suppose that you have $4,000 that you can use to pay off a credit balance and you have a credit card with a 4k balance  with a monthly payment of $100 per month and a car payment with a 4k...

...The are reports of some abrupt changes in real estate 1st Quarter Trends are showing some surprises The inventory had been increasing steadily until a precipitous drop of about 30% of homes for sale hit over the last 7 days Another report states that Interest Rates will drop to 4% within the next 2 weeks which would be amazing for home buyers A different report that really shocked me shows that...

...is the week right before or after April 15 this is the time of year when most taxpayers are acutley aware of the financial picture and have had conversations with their financial advisors regarding large purchases and investments the documents the need for mortgage qualification are easily accessible to provide to lenders for approval its also a time where those with children in school are prep...

... And The Real Estate Market Didn't Crumble Once again the Fed didn't drop interest rates And while there is a perception  that home buyers will not buy right now there is a growing number of buyers buying admittedly many are cash buyers that are largely unaffected by interest rates but there is also a signifcant amount that are making purchases despite the rates there are a number of ways to re...

... and the difference between being "in the market" or "out of the market" home sellers are faced with a choice when they put their home on the market and their fate will come down to 3-4 things location condition marketing price position and if they nail these things then they will be "in the market" and having showings - offers - and contracts if not then they will be "out of the market" and th...

... The 3 words that no one wants to here these days whether it is during the inspection period of a home sale or during an insurance renewal application more and more times we are finding that there is work to be done and since the cost of roofing materials as well as construction labor has risen dramatically it can be a pricey problem during a home sale buyers and sellers are quite often forced...

...is easy when you know what you are looking for 3 things to look for: condos that are over 100 days on market condos with special assessments pending short term rental condos in the off season 3 things to know: street view is least desirable side view is more desirable direct ocean front views are most desirable all of these things affect the market price the least expensive condos are typically...

...and are affecting home buying opportunities the greates impact on the real estate market is uncertainty and it can absolutely lead to gridlock  for buyers and sellers alike interest rates have continued to bounce up and down in a relatively small range and since the Fed hasn't not signaled rate reductions its leaving buyers trying to predict the best time to buy sellers are noticing that its ta...

... isn't necessarily what you are thinking right now its a lose-lose situation renters are definitely feeling the squeeze as everything costs more these days but there is a twist landlords are also feeling the pinch the cost of insurance is up dramatically the property taxes have gone up repairs are more expensive as labor and materials are cost more and if they were in a hurricane area its even...

...is far more possible than it has been for many years but it has to make sense to both parties a buyer's offer is far more compelling to a seller when it contains a few key elements 1st and foremost is demonstrating quickly that the funding in unquestionable and verifiable a cash buyer should supply proof of funds a buyer that is using a mortgage for the purchase at a minimum should have a pre q...

...communication breaks down and sales that should be closing easily can end up with a lot of unlnecessary friction and anxiety and ultimately fall apart despite the fact that both the buyer and seller actually wanted to complete the sale missed deadlines a difference in expectations unclear contract terms uncontrolled emotions are the leading causes of sales not closing and when there are agents...

...Is that the money didn't make it to the closing agent Usually the keys are handed over at the closing table unless something goes sideways and it can get extremely stressful to all parties involved let's face it everyone there has the same goal they all want the sale to close buyers - sellers - agents - lenders - closing agents alike the reasons that the money doesn't arrive all revolve around...

...and what you should be paying attention to with regard to home prices Many home sellers have listed their homes that were overly optimistic in what buyers would pay there are certainly real estate agents that will allow their sellers to test "their price" for 30 or 60 days to see what happens quite often these home owners get amnesia and never get around to reducing the price down to where the...

... is the most common strategy to invest in real estate and it makes sense why there are 3 ways to make money when you play the long game monthly cash flow increase in property value depreciation of the property for tax savings it's been proven for to be the best return on investment for more than 100 years even outpacing the stock market and while its "less sexy" than flipping and less exhilirat...

... are what savvy real estate investors are focused on right now The conversations taking place are exciting Whether it's planning a purchase or sale for 2025 or using capital in their invesment account carried over from 2024  from property - stocks - bonds - other sales there is a significant amount of activity in real estate that is on the brink of taking place knowing that investors are opport...

...isn't always profitable just because you can get a property below the list price does not mean that you are getting a steal of a deal understanding price and value in today's market is where the money is made knowing how to evaluate what the home  will eventually sell for factoring in the unknown market conditions several months down the road is what separates the pro's from the joe's material...

... and why you may be paying more and getting less The Insurance Industry has lost billions over the past few years due to a series of natural disasters and tragedies and similar to Las Vegas they don't like to lose money keep in mind that insurance is designed to mitigate risk and depending how risky your condo building is the cost to insure can go up dramatically the only way to pay for this is...

...is your 1st step to wealth building through real estate This is the time tested number one way to make money for more than 100 years it has even outperformed the stock market during this time most investors start out small with 1 property many times it is a current residence that they no longer want to live in but don't want to sell (or can't sell for some reason) some do it on their own others...