Black Hole Of Real Estate Podcast

We are on the cusp of a significant increase in real estate activity A large number of people that have been "watching and waiting"  Will be jumping back into the market to buy and sell properties The elections will be over soon The Federal Reserve will have 2 more meetings this year November 6-7 and December 17-18 It wouldn't be surprising to have at least 1 interest rate decrease cheap $ fuels i...

Not in the way that you are thinking... Home prices have gone up after every election but 1 in recent memory Even if this was not an election year Market conditions suggest that prices would go up  A few of the leading indicators that I am paying attention to are Inflation - which is trending lower Interest Rates - which are also trending lower Available homes for sale - slowly increasing but not...

....we take a deep dive on things most people aren't aware of   and discuss some of the ways that you can protect your home and family   and what you need to know when you repair the damages in your home   to reduce the risk of health concerns in the future   whether it was a roof leak, wind driven rain,   or rising waters that caused your home to flood   there a number of things that you want to...

...is an option for many hurricane affected people FEMA is a major resource there is an application process for the affected individuals it is subject to government funding so apply as early as possible the state of Florida has set up a small business emergency bridge loan fund this a temporary program it is needs based and you will need to supply financials The SBA also has a disaster relief loan...

...and it happens in an interesting way it begins with a problem  there is a home that the owner needs to separate from perhaps due to a job relocation maybe a change in the family situation initially the home may be put up for sale but there are times where the sales price available simply doesn't make sense and suddenly it becomes a rental property that brings in much needed cash and allows the...

...is easily the most sought after tool in real estate today oddly enough, there isn't an algorithm that does it for you and no button extists that gets the price right if you ask an appraiser... pricing a property is a bit of an artform if you ask a realtor... they might leave you feeling like its an impossible thing that only they can do if you ask me... there are 3-4 things that really matter l...

Time To Pitch In and Help...   Wyse Home Team at LPT Realty is now converting its office space   Into a donations center for those affected by Hurrican Helene   We are able to accept donations Monday - Friday 9am - 5pm   At our office at 365 Bill France Blvd in Daytona Beach FL 32114   If you have questions, you can call/text me at 386-562-2651   You can also comment below or send me a PM   We are...

...too Expensive And Don't Necessarily Take Too Long To Build   Builders Have Caught Up with the demand for new homes   And there are move in ready homes available in 60 days or less   Custom build times are much shorter than in the past few years   Closing cost incentives are avaialble   2-1 Buydown Programs can lower your monthly payment in the 1st 2 years   Some builders are closing out subdivi...

...That Their Short Term Rental Property Profit Went Poof The last few years saw a significant amount of short term rental purchases For many, there were solid cashflow returns in the beginning Unfortunately - Many Investors profits have dropped dramatically Travel is down across the board due to inflation and the hotel industry has increased their efforts to attract the available market share In...

The highly anticipated Fed Meeting will take place this week It may not actually have much effect on mortgage interest rates which is the #1 reason why home sellers will wait to sell their homes their reluctance to give up -2%-4% rates on their current home is the logjam The Fed will drop interest rates - write it down - they will do it I predict a .25 rate reduction I also predict that mortgage i...

... That Things are very different for home sellers as they try to navigate the new real estate rules  Today I give guidance based on the the questions that have come in recently choosing the right sales strategy  the most effective marketing plan and negotiation tactics are paramount to success whether or not to pay a commission  and at what level is not necessarily an exact science the soultions...

... has always needed to navigate a unique set of circumstances and now there will be a new layer of challenges added into the mix of the numerous steps in the sales process access to the home for viewings, inspections and appraisals will work differently with the recent industry changes the main issue is that the the sellers agent will need to walk a fine line between assistng the buyer vs provid...

Todays Episode Discusses why there are opportunities in Florida Real Estate Waterfront Condos - In Particular are heating up And If you understand why there is movement  it increases your odds to make a solid profit on your investment I break down key items today in bite size pieces special assessments - reserves - insurance the market is shifting and that doesn't have to be a bad thing by the end...

... The new NAR Rules 1st week have been kinda quiet It really isn't a shock The real estate industry is experiencing less sales this year than last year And now that consumers are being more selective when choosing an agent It makes sense that they may take a little longer to select an agent and some will likely consider being "unrepresented" and do it themselves with the amount of research and s...

Real Estate Changed Forever The Good News is approximately 95% of consumers are not affected by it this year For the rest of the consumers  That are in the real estate market to buy or sell That want to use the services of a real estate agent A signed formal agreement must be in place prior to touring any properties There are no exceptions And there are significant penalties to agents that do not...

The NAR Settlement Changes Go Into Effect on August 17 Many Brokerages are Supremely Prepared for this "event" They Will be "The Winners" in the phase of the market Home Buyers will be now be termed "consumers" in paperwork Consumers will be making important choices The Right Agent The Right Home The Right Terms Which really isnt all the different There are some specific paperwork changes That a w...

There is good news.. It will be a relatively simple process to buy a home when the new rules go into effect August 17 Any home buyer that is working with a real estate agent Will sign a "BBA" Buyer Brokerage Agreement the agreement will state the terms of the working relationship similar to an engagement letter with an attorney   terms such as length of contract and the fee will be stated many buy...

I have a duty to share this information Consumers and real estate agents are getting mixed signals until there is clarity on how things will work  once the NAR Settlement guidelines are implemented the one thing that I want to say loudly to my fellow agents is that the best strategy is to adapt within the new guidelines quickly trying to find a sneaky workaround is simply a bad idea there is some...

Investement Properties Are Heating Up For Buyers For Seller For Accidental Landlords For Those That have remained on the sidelines Today we go over the math And share where the opportunities that we are seeing

The Top 7 Mistakes FSBO Sellers Are Making   pricing the home wrong   don't answer their phone   requiring proof of funds just to see the property   "home tours"   hovering over buyers   closing agent choice   over negotiating   Commissions offered

There is way too much misinformation out there Consumers are getting some really bad advice There is certainly going to be change in the real estate industry But its not the change that people are hearing about I have no intention of debating the settlement That is for other people What I will say Is the vast majority of the change  revolves around commissions not being displayed in the MLS for ag...

Homeowners Insurance issues continue to be an issue Applying for Insurance is the new normal No longer do we "just go get it" And with that - home sales get more complicated Is this the catalyst that will drive home values lower ? We dive deep today with the reality of these situations

Getting A Home Under Contract Is Less Than Half The Battle You would think that finding the home and negotiating the right price would be the 2 hardest things thats not the case in 2024 inspections and insurance are the top 2 deal breakers now more than ever these are the most difficult things to naviagte

Many home buyers want the seller to "be the bank" Its something they heard about from a friend on a tv show on the internet the cold hard truth is that it isnt the best scenario for a lot of buyers and sellers once they explore the opportunity there is absolutely times where it makes sense to both the buyer and seller we dig in deep today and discuss those scenarios

What to expect during a home inspection There a few reports that most buyers want to have done for most purchases 4 point inspection wind mitigation report wdo - wood destroying organisms report pool, septics, hvac, plumbing, electrical, roof the list just keeps growing we talk about how to keep it all straight today then at the end we talk about  how the conversations and collaborations among age...