Black Hole Of Real Estate Podcast

The Changing Of The Guard At The Fed... ...may bring some notable changes to policy and lower interest rates Jerome Powell's term as Fed Chair ends on May 15th Kevin Warsh will be taking over the leadership role Interestingly enough, Powell has chosen to stay on as part of the committee historically speaking, the exiting Fed Chair hasn't remained after their term expires Warsh has stated that he will maintain Fed Independence from the Executive Branch but also mentions that he is opened minded with regards to aligning policy he is targeting a reduced Fed balance sheet as a way to reduce rates its widely anticipated that rate reductions will be on the way very soon tune into todays show for my take on what is about to happen

Creative Financing Options... ...Here are the GO TO OPTIONS for many home buyers that have unique circumstances getting in the way of buying a home owner finance seller paid closing costs rent to own here are some of the reasons they seek these options   lack of verifiable qualifying income for bank loans debt to income ratios are too high lack of cash available for closing costs self employed    here are some of the reasons that sellers are willing to consider creative finance   they want a quick sale helping a buyer might lead to a more desirable sales price close quickly for reasons that are advantageous there is a tax strategy advantage that is to their benefit   today's shows gets down and dirty with the details

The Unrepresented Home Buyer...   ...A segment of the market that appears to be growing slightly In essence, this is someone that does not want to use a real estate agent when purchasing a home their belief is that they can manage the entire transaction and potentially save some money along the way they would take on the responsibility of setting up their own showing and gaining access to the property writing their own purchase contract navigating any/all of the required addendum hiring an inspection company and attending inspections working directly with the closing agent to verify all figures on the other side of the transaction home sellers have raised these concerns access to their property to an unknown, unlicensed person sellers agent doing work on behalf of a buyer that they do not represent buyers writing their own offers is the buyer savvy enough to actual complete the sale I am not here to say that its not possible for buyers to represent themselves this option has always been available today's show explains some of the friction involved in the process      

Boomers Are Driving The Real Estate Market... ...Homeowners born betwen 1946-1964 years old are leading the way This group makes up 46% of sales this year Which oddly enough is the same amount as last year Finishing at a distant 2nd place were millenials born 1980-1998 making up 26% of sales this year a slight decline from 29% last year Boomers lead the way in home equity by a wide margin which is a big reason that they are BIG PLAYERS in this market If you want to look at the "extra boomers" or "super boomers" category YES I made up those names Those aged 71-79 have lived in their homes an average of 15 years and have an average home value over $408,000 They definitely have the experience and $$$ to make a move in almost any market With the summer market on the horizon it will prove to be an interesting display of the buying power of the Boomers vs Millenials get out your popcorn this is gonna get interesting

Not Everyone Is Excited To Inherit A Property... ...Don't get me wrong, some people are thrilled to receive one But a surprising number of people are not loving the idea we hear some very compelling reasons each week from new owners   they already have a home they live a long distance away the home needs a lot of maintenance there are property taxes due the monthly carrying costs are more than they can afford the mortgage balance may be higher than the market value   most people work very hard to leave a home to their loved ones and most times it works out as planned and if you never really thought about the list above you may not give much consideration to making sure that the gift is a good thing ultimately the new owner of the inherited property makes 1 of the 4 decisions below   move in full time use it part time rent it sell it   and they don't always have the luxury of time to plan ahead  and have a solid plan in place for which option is best todays show goes deep in the details    

The Most Effective Curb Appeal Strategies... ...are not as expensive as you think there are a number of things that you are recommended to do  I think we all know the basics, right? one of the areas that is often overlooked is the way the home looks in the photos and if you don't want buyers to swipe past your homes marketing you really need to nail the 1st photo ideally its an elevated aerial photo that pulls in the buyers interest which means that the yard looks amazing   move the garbage cans out of site get all the toys put away hide all the tools and equipment put down mulch and add some color paint the front door a distinctive color pressure wash the driveway, sidewalks and fence   tune in to today's show for more tips on how to wow online home buyers