Housing Market Runs Out of Gas - Now What?

In this episode, we explore the recent shifts in the housing market, focusing on increasing inventory, extended days on market, and what these changes mean for investors and home buyers. With insights from experienced real estate professionals, we discuss strategies to take advantage of the current market conditions, including making aggressive offers and leveraging opportunities for price reductions and closing cost credits. We'll also cover why managing your own insurance payments might be beneficial and share some practical tips for navigating these turbulent times. [00:00:00] - Market Overview Introduction to the current housing market conditions, including increased inventory and longer days on market. [00:01:19] - Aggressive Market Strategies Ty’s plan to return to MLS hunting with daily offers and leveraging days on market keywords for better deals. [00:02:30] - Insights from Experienced Investors Discussion on how experienced investors like Jody are adjusting their strategies to capitalize on the current market. [00:03:41] - Market Specifics and Buyer Positioning Matt highlights the importance of knowing your local market and how buyers can benefit from current trends. [00:05:04] - Maximizing Builder Credits Tips on how to negotiate and make the most out of credits offered by builders in new construction deals. [00:06:14] - Insurance Payment Management Elaine advises on why it might be better to manage your own insurance payments instead of relying on escrow. [00:08:01] - Potential Insurance Issues The risks of having your insurance payments managed by your mortgage escrow and how it can lead to unexpected costs. [00:09:32] - Proactive Insurance Management Real-life example of significant savings by managing insurance payments directly and keeping updated with policy changes. [00:11:56] - Coordinated Efforts Between Agents and Lenders The importance of seamless communication between real estate agents and mortgage lenders for strategic planning. [00:13:46] - Future Market Predictions Preparing for market slowdowns and setting up your buy box to be ready for when the market truly gets slow. Great Mortgage Broker - For getting pre-approved and finding a great mortgage broker. Contact Information: One Rental at a Time Community - For more resources and community support. If you enjoyed this episode, please rate, follow, share, and review the podcast. Your support helps us bring more insightful content to you every week. Stay informed and proactive in these changing times, and see you in the next episode! 📖 BUY One Rental at a Time https://amzn.to/3jt3JFx 📣 Audible Version Here https://amzn.to/3jtLDTQ OR 🏆 Buy 15 Conversations with Real Estate Millionaires https://amzn.to/3JwEsVm Dion from Dion Talk is Narrator!!! NOW ON AUDIBLE https://www.audible.com/pd/B0BDPSZW3Y/?source_code=AUDFPWS0223189MWT-BK-ACX0-322007&ref=acx_bty_BK_ACX0_322007_rh_us 📸 INSTAGRAM: Please follow. Daily original content! https://www.instagram.com/onerentalatatime/ 📬 (MUST JOIN!) PRIVATE Facebook Group: One Rental at a Time Works This is a VERY private group that is only available to my students of "How to Get Started One Rental at a Time" In the group, you will be around hundreds of other students all doing the work. Please introduce yourself when you join! JOIN HERE: https://bit.ly/3tEQhRm TEACHABLE COURSES: Join the THOUSANDS of students changing their financial future with DAILY execution! 💎 How to Get Started One Rental at a Time: This course is changing lives! Investors focus and do the daily work required to learn their market and only do GOOD Deals. JOIN HERE: https://bit.ly/3uDrkHq 💸 Get Money Right: This course is about making you the CFO of your money. It shows you how choices can keep you poor or set you free. It highlights your Financial Health Score and provides a monthly budget to help you track spending. JOIN HERE: https://bit.ly/3wbN9yr 📲 MENTORING OPTION: I built my courses to run without me but some folks find themselves in interesting situations and they want to ask questions directly. So after much thought I have created this option that includes one “30 Minute Mentoring” session that can be used at students request. JOIN HERE: https://bit.ly/3hivsc5 ✍️ FREE COURSE: I put together a Free Course so people can get to know me a little more and have fun getting started with no cost. JOIN HERE: https://bit.ly/3hdMbgK 📣AUDIOBOOK: https://amzn.to/3jtLDTQ PLEASE LEAVE 5 Stars! *** Tag me on IG with a book selfie! 🧢 MERCH: I have created some fun merchandise designed by my daughter. Check out Merch Page here: https://one-rental-at-a-time.myshopify.com/