Black Hole Of Real Estate Podcast

...is a growing segment of the real estate market Most often it occurs when timelines have changed those needing to sell a year or 2 after a home purchase where property values are less than desirable to sell a home create the largest category of of home owners in this situation home buyers that had low down payments or none at all and factor in that the sellers may have helped with closing costs...

...Can be done by using a 1031 Exchange Real Estate investors often use this strategy when they want to be able to purchase more real estate now and pay the taxes from the sale in the future I am definitley not a CPA or an attorney but here are some examples of why a 1031 Exchange is attractive capital gains tax is due when selling most properties short term capital games occurs when  a property i...

...many home improvements that you want to make roofing hvac plumbing  electrical work fences are prime examples of work that often needs a permit and if you knowingly (or unknowingly) do some work as a DIY project or hire a handyman to perform work that requires a permit and/or needs to be done by a licensed contractor you may very well fly under the radar for many years and it may just come back...

...to add more square footage is worth considering the time and cost of the project is often more than most want to take quite often the homeowner elects to do 1 of 2 things keep the existing footprint in their home sell the home and buy one that has the size that they want but if you were going to add space to your home what would give you the best bang for you buck especially if you plan to sell...

...do you really need to look at before making an offer 10 ? 20 ? 50 ? the actual number may surprise you I believe that today's buyers typically look at more than 100 now stay with me on this given the amount of information available online buyers are able to research properties in great detail and rule out dozens of them based on their findings this pre-work has greatly reduced the number that t...

...is "almost never" a good idea  even for veteran home buyer even for contractors even if its a brand new home Its not that the sellers are always hiding something or that home builders are doing sub standard work intentionally hidden defects happen and construction works can make mistakes home inspections can find those things or confirm that everything is ok with the home both are good outcomes...

... your life situation demands it We all know the reasons to buy vs rent a home home ownership build equity have a place of your own but what doesn't often get enough attention are the reasons why it makes sense to rent change in family situation long hours at work lifestyle choices frequent traveler today we discuss real life circumstances where renting is the right choice and when it becomes co...

. ...and how it impacts the market value of your home   new homes are far more energy efficient than those built in years past   adding in a solar energy system in addtion to that   can reduce monthly energy costs even further   the trick is to right size your decision   based on the timeline that you plan to own your home   solar energy has not proven to be   a dollar for dollar increase in a hom...

...and its coming up more and more water is the main culprit in most situations It can be a simple fix such as adding gutters it may be more complex and require adding more drainage or it could be something major such as lower elevations than the neighboring properties where all the water runs downhill toward the property today we discuss a number of things to look for as you look at properties be...

...and there are some twists in the plot around 60% of licensed real estate agents did not sell a home in 2024 most stopped working long ago and are not likely to pay the upcoming dues Here are my fearless predictions for 2025  30% of agents will exit the business home sale prices will increase 3.4% home inventory available will increase 15% interest rates will decrease to 5.875% by the end of 202...

... May Not Help You Out If you are watching and waiting for lower interest rates before you buy a home the banks are not dropping mortgage rates  for reasons such as  the economy job reports inflation consumer confidence uncertainty so when do rates finally go down? or will they actually go up ? what if there was a way to "defeat high interest rates" today we go over our solutions  for those that...

It's been a struggle for so many people in the real estate industry in 2024 with so much focus on how many agents had tough years we can easily forget that there are those that were very successful today we discuss some things that have me feeling optimistic about 2025 interest rates are likely to come down home inventory is increasing  which provides more opportunity for buyers people are ready t...

...Without An Agent Representing You Can be easy and hard at the same time experienced home buyers may be able to navigate the process on their own and yet some will choose to hire an agent in this new market among those buying for the 1st Time we have noticed that the vast majority are choosing to hire an agent today we go over some of the effects of the "new rules" the required buyer representat...

...to purchasing a home in a market that is really stacked against them right now The monthly cost of renting a home is quite often more expensive than owning the very same home this is a problem the 1st part of the solution is earning the highest possible credit score car loans - student loans weigh heavily into the score calculation new credit inquiries over the holidays to "save 10% on your sto...

...because it happens every year home buyers that are looking at properties intently over the holidays are typically more motivated than at other times of the year whether their goal is to buy a snowbird second home buy their retirement home with possible rental income or the typical upsize, downsize, job relocation, or changes in family situations its a time of very focused activity for this grou...

...and what you should be watching for that isn't readily apparent       Beach House Bungalows are my favrorite properties   They are quirky - charming - and unique in their own way   hardwood flooring - fireplaces - old school tile are common   some will consider renting out their bunglaows part time   and they may create their own theme within their home   and getting the chance to see these cre...

... can absolutely be found between $100k-$200k if you know where to look what should you be looking for? and what do you need to know that you may not know right now? many people see inexpensive condos and get excited they usually are looking at condotels online and don't always realize that they are different than your typical condo think of them as a condo hotel - efficiency units in most cases...

...and it's harder than you thought it would be to get it done Let's face it - it sounds like a simple thing to do today we discusss what to look out for (and look out for) It is possible to find a lot to do what you want it to do for you but when you peel back the layers of the onion you discover that much of the raw land may/may not have improvements such as city water - or a well city sewer - o...

...And The 3-4 Things that you absolutely need to know   before you interview an agent about selling your home     are you trying to time out the market ?   waiting until after the holidays?   waiting for interest rates to go down ?   Interestingly enough -  the things that cause sellers wait to sell   can work for them and against them at the same time   there are less homes on the market in Dece...

... can be financially difficult in the current real estate envirnoment   Many home owners are dealing with unplanned sales of their homes   For those that purchased in the last year or 2   and financed their purchase with a low down payment program   Such as a VA or FHA Mortgage   There may be very little equity in their home   And if there were also some of the buyers closing costs paid by the s...

... is behaving somewhat normally as we head towards the end of the year The dustup regarding Buyer Brokerage Agreements back in August didn't destroy the market as some had predicted Home buyers quickly adjusted to the new forms and for most its a non-issue  I find it interesting that the most asked questions now aren't about BBA Home values are the real topic right now Researching "whats my home...

... is once again upon us   the annual flock of people looking to escape the colder weather   start to descend upon southern coastal areas such as Florida   seeking sun, sand and warmer temperatures   the locals will notice that populations will rise during these seasonal times   initially most snowbirds will stick their toes in the sand   for short periods such as a week or perhaps a month   even...

...While Mortgage Interest rates zagged Most people were expecting that when the Fed dropped interest rates home mortgage interest rates would do the same and yet that isn't how things have played out recently recent drops of .5% and .25% at the Fed  lead to...    wait for it... INCREASES in mortgage rates by similar amount it is believed to be temporary and not unnatural there are many other fact...

The direction of the market is beginning to take shape There is increased activity which isn't shocking the election is over the Fed dropped interest rates last week inflation is lowering and sellers that have held off going on the market are taking action as we speak it is shaping up to be an interesting end to the year

Home Builders are making deals to stimulate sales todays show gives you all the details that you will need to be informed  The builder reps are out in the field and visiting real estate offices bringing some tastey treats and marketing materials for anyone that has even a little interest in moving this year its absolutely worth a look at a move in ready new home be sure to research the lot premium...