Indy's Real Estate Gurus

The seven most important to dues to your home before winter sets in all this and more today on Indys Real Estate Gurus. Connect with Us: For more episodes of Indy's Real Estate Gurus, visit IndysRealEstateGurus.com. Join our community for more insightful real estate discussions, tips, and expert advice. Don’t forget to subscribe to stay updated on the latest episodes! Follow Us on Social Medi...

Should you increase your homeowner's insurance? When do you need flood insurance even if you're not in the 100 years flood zone, all this and more on Indys Real Estate Gurus. Connect with Us: For more episodes of Indy's Real Estate Gurus, visit IndysRealEstateGurus.com. Join our community for more insightful real estate discussions, tips, and expert advice. Don’t forget to subscribe...

What does the rest of 2022 look like? Well, it's time to look ahead. Connect with Us: For more episodes of Indy's Real Estate Gurus, visit IndysRealEstateGurus.com. Join our community for more insightful real estate discussions, tips, and expert advice. Don’t forget to subscribe to stay updated on the latest episodes! Follow Us on Social Media: Facebook: Indy's Real Estate Gurus Twi...

Today we are going over the top 5 things we see people do that can really effect get a home.  Connect with Us: For more episodes of Indy's Real Estate Gurus, visit IndysRealEstateGurus.com. Join our community for more insightful real estate discussions, tips, and expert advice. Don’t forget to subscribe to stay updated on the latest episodes! Follow Us on Social Media: Facebook: Indy's R...

We know it's hard to buy a car in today's market. And for our Labor Day Special, we're going to talk about how to go about buying a car in today's market. Connect with Us: For more episodes of Indy's Real Estate Gurus, visit IndysRealEstateGurus.com. Join our community for more insightful real estate discussions, tips, and expert advice. Don’t forget to subscribe to stay u...

What can you negotiate when buying a home? Find out all the whats, some might surprise you.  Connect with Us: For more episodes of Indy's Real Estate Gurus, visit IndysRealEstateGurus.com. Join our community for more insightful real estate discussions, tips, and expert advice. Don’t forget to subscribe to stay updated on the latest episodes! Follow Us on Social Media: Facebook: Indy's Re...

Let's jump into the MIBOR. And since we have Jeremy Page here, he's going to what they call educate Rick and me. So when we look at it, I mean, we did see a decrease and medium home sales price from June to July, is that a normal thing, or   I wouldn't say it's normal. And but I will tell you, as I mentioned before, the market is softening a little bit. We're still getting...

Let's just say it on an average customer, so not any weird stuff or anything like that. What is fully in a mortgage payment when I looked at my little statement? Your principal payment, okay, that is that's what you're paying that's going to pay down your mortgage. Your interest, the interest is kind of the cost of the loan. That's what you're paying every month to ha...

Who does the title company protect? And how do they protect them? Well, there's two different types of policies. When it comes to title insurance. There is an owners policy, and then there's a lenders policy, when you're doing a purchase, you have an option to purchase Owners Policy, and that protects the buyer of the new home, up to the purchase price of the home. If something were...

We're talking about credit and the elephant in the room. So when we're when somebody's looking at getting approved for a home, how much let's start there. How much does credit matter? Credit matters? Quite a bit. Okay? It, it matters in a variety of ways. Number one, can you be approved? Number two, what's your rate going to be? What's the interest rate going to be ho...

What's happening in our economy, find out what the experts have to say we're going to talk about that. And first, we're going to start with our numbers. Yes, I think this is important. And it's actually, man, it's an interesting time right now, the jobless claims. You know, one of the things that people don't understand, especially the media doesn't understand is...

Mostly you hear about all the appreciation in a home. So there is basically one type of appreciation because it's in price at home. But there are two types of people. So if you Let's go with if you already have a home, Rick, and what does appreciation mean to somebody who already has a home? Well, appreciation is how you build what we call equity. Right. And it's also how you build...

But now, let's go into, I found this nice house, open that kitchen. It looks like my grandparent’s kitchen. And the bathrooms need to be redone what can people do? Well, you know, there are products, there are financing products that make this work. Let's I'm going to quickly go back to one that's already been fixed up. If it's already been fixed up, you do normal financin...

Okay, so as we were talking about the VA loans and everything like that, so I do use to see a lot of commercials, you do see me? And let's just say it's not even VA loans. But what type of this? What deceptive practices do you have seen I've seen a few online? And even when I first got into the business, you and I talked about one and I won't get into it. I won't say the n...

My son tries but doesn't really my daughter just laughs and runs off? But? So we get these questions quite a bit. So I tried to put five of the critical questions that we get asked about if somebody already owns a home. What if they're thinking about possibly moving on to get an upgrading or even downsizing? What should they be looking at? So, Rick, I'll start with that. So the firs...

I love the way you talked about how to set this up and what we could do to help people under you know, really get with their kids, we see this all the time, we tend to see it well, you might because you have kids that he might see it with your friends. I tend to see it with my customers. And it's usually they're helping their kids purchase a home. Well, I forgot the intro. Well, you are...

Yeah, it's, it's tough. I mean,  I've had times in my life, I had more debt than other times. And when you have more debt, you have more stress. And you have, you know, a lot of times that stress rolls over into a lot of other parts of your life, it may be financial stress, but it may affect your marriage, it may affect your kids, it may affect your job, if you can eliminate that it...

And I think that's when you hear about it on the radio or the news and are they I think that is what a lot of people are missing. So, I did a little research. So let's say you bought a house in 1973. The average price of a house then was about $45,000. Okay, so now if you say people can, people could afford that, but how much were you making? You are making close to what they're mak...

You and I were briefly talking before this about things that you do for the first time. So if you're building a table, you did it for the first time, it took you three or four times longer. Well, you do that two or three more times. Guess what? You worked out all the kinks, you know exactly what to do you know the ins and the outs. And is the same thing with a mortgage the first time you did...

It's right in that timeframe. That's about two and a half months that they're off. And so many people want to start there. They want to start the school year, they don't want to move their kids during the year they want to move them at the start of having started with the rest of the kids. We have the year-to-date sales, we have 10,318 year-to-date sales for the four months, an...

So the next thing is, let's not just talk about finances, let's talk about emotions. I don't know how many times Rick probably got it and it'll hit home. As soon as somebody closes on their first house, and they've never owned a home. I've gotten several calls afterward because I do the follow-up call and all that. And they'll be like I can't, my wife, as so...

 Along with that now, interest rates have gone up. But interest rates are tied to the federal funds rate. And the federal funds rate is what when you hear the Feds raise the raise interest rates, that's what they raised. Now they raised a quarter at their last meeting, the first raise they had had in over three years. The expectation for May is raising it again, and half a percentage point. A...

My friend just sold his house, his wife, her job just moved here to North Carolina. So, I talked to him. He's like, I was like, oh, so you're gonna find a new one, or and he goes, no, I've been working from home. I'm gonna continue working from home. So, guess what, you don't have to live in the same area nowadays. I mean, so if you move from let's say California and...

Connect with Us: For more episodes of Indy's Real Estate Gurus, visit IndysRealEstateGurus.com. Join our community for more insightful real estate discussions, tips, and expert advice. Don’t forget to subscribe to stay updated on the latest episodes! Follow Us on Social Media: Facebook: Indy's Real Estate Gurus Twitter: @IndysREgurus Instagram: @indysrealestategurus Contact Us: Have ques...

In this episode  Spencer Gray shares his abundant knowledge and experience in multi family real estate investing. Spencer will discuss  the difference between residential and commercial multi-family, what current risk are in the multifamily and real estate market, and why his preference is to invest in apartments instead of single family homes. Spencer Gray serves as the President of Gray Capital,...