Real Estate Is a HEDGE Against Inflation! Also, Recency Bias and Benbrook Texas
The Housing Dilemma: Why Can't We Build Our Way Out of This Crisis?
The Great Housing Debate: Are Politicians Missing the Mark?
Today's show kicks off with a big Market Update and how current days on market average and average price compare to the beginning of Summer versus now! We have and interesting conversation about what a huge impression the 2020 Market had on us....ever heard of RECENCY BIAS?! "What if I said inflation helps you when you own real assets none more than real estate and what if I said that real estate was a hedge against inflation?" - Todd Tramonte We highlight Benbrook Texas! And break down how to keep the mineral rights on your property! Call us with your questions for the show -214-310-0008! Grab our BACKYARD ZONES Guide - Making the Most of Life in Your Back Yard! https://www.dallashomerealty.com/backyard-zones/
In today's show, we dive into the complexities of the housing shortage, a pressing issue affecting many across the nation. Todd explains that while the data indicates a significant shortage, the reality is more nuanced. The shortage isn't necessarily about people being homeless, but rather about the lack of suitable housing options that meet people's specific needs and preferences. Todd discusses the factors contributing to the shortage, including rising housing costs, limited supply, and increased demand. He also emphasizes the importance of understanding the local market dynamics and the need for buyers and sellers to work with experienced real estate agents. We also talk about why we love Sachse, Texas and have a rousing conversation about what you can BURN in your backyard?! Our big conference is happening SO SOON! Real Growth Summit - Check out who's it for, when and why do we do it! https://realgrowthsummit.com/ Call us with your questions for the show -214-310-0008! Grab our BACKYARD ZONES Guide - Making the Most of Life in Your Back Yard! https://www.dallashomerealty.com/backyard-zones/
This week we are discussing the complexities of the housing market and the disconnect between what politicians say and the reality. So many good nuggets from the show! We talk about Why Housing Prices Are High, The "American Dream" of Homeownership, The Fed Rate vs. Mortgage Rates and Is Buying a Home on Land Still Possible? Patrick Glaros joins us on the show! Two major takeaways from a chock full conversation: Regularly communicate with your mortgage lender to stay informed about rate changes. The Fed rate is not the same as the mortgage rate, although they can influence each other. PatrickGlaros.com We've got a big conference coming up! Real Growth Summit - Check out who's it for, when and why do we do it! https://realgrowthsummit.com/ Call us with your questions for the show -214-310-0008! Grab our BACKYARD ZONES Guide - Making the Most of Life in Your Back Yard! https://www.dallashomerealty.com/backyard-zones/
Reminder! We are NOT the news. We are here to advocate for local homeowners and soon to be homeowners in the DFW area - that's what we do! Todd is a real estate broker and we work together on a real estate team - our job, our fiduciary responsibility, our ethical obligation by license is to care for and serve the needs of our clients and the residents of our community ahead of our own and we have made that a very big commitment! On today's show we navigate the OVERWHELM and TRUST issues you may be feeling right now in the real estate world! As well as we respond to the recent Fed Announcement and what YOU should do if you are a BUYER or a SELLER. We've got a big conference coming up! Real Growth Summit - Check out who's it for, when and why do we do it! https://realgrowthsummit.com/ Call us with your questions for the show -214-310-0008! Grab our BACKYARD ZONES Guide - Making the Most of Life in Your Back Yard! https://www.dallashomerealty.com/backyard-zones/
On today's show we tell the story of a buyer who found their dream home in Richardson, Texas with the help of real estate agent Gibson Aguirre. They were under contract for a conventional 15-day close, but their happiness was short-lived when the appraisal came in $71,000 lower than the purchase price. Most buyers in this situation would be discouraged, but Gibson didn't give up. He explored various options, including disputing the appraisal and switching lenders. Ultimately, they found a new lender who offered a higher appraisal and the buyers were able to close on the house for $5,000 less than the contract price! We also talk about: - - The big Fed announcement! - - Why having a great real estate agent can make all the difference in a difficult situation. - - What to do if you encounter an appraisal gap. - - How the fall season can be a good time for buyers to find deals. - - Tips for choosing the right real estate agent. And BONUS! DP Lambert, an insurance expert, joins us on the show to discuss the importance of shopping around for homeowners insurance, especially in the current market.
The "Texas Two-Step" - a strategy to benefit from a predicted Federal Reserve rate reduction. The Federal Reserve is expected to cut interest rates on September 18th, potentially leading to lower mortgage rates. You have to act quickly! Two Steps: 1. Secure a house under contract before September 18th to lock in today's lower prices. 2. Lock in your mortgage rate 3-4 weeks later after the rate reduction (the "second step"). These predictions are based on economic principles, not guarantees. GoodGarageFloors.com joins us on the show too! They are running a 20% off promo for DFW Real Estate Weekly listeners from now and through October. We've got a big conference coming up! Real Growth Summit - Check out who's it for, when and why do we do it! https://realgrowthsummit.com/ Call us with your questions for the show -214-310-0008! Grab our BACKYARD ZONES Guide - Making the Most of Life in Your Back Yard! https://www.dallashomerealty.com/backyard-zones/
The state of the market in DFW right now is that many SELLERS are overwhelmed and confused by the market shift. They need to adjust their expectations and be more patient. But for BUYERS - now is a good time to buy if you're financially prepared, especially before the Federal Reserve announcement (expected rate reductions) and the winter season (potentially less competition). Cash buyers have a significant advantage. SELLERS need to transition from black and white thinking to see the nuances of the market. They are currently losing out by not being strategic or realistic about pricing and competition. BUYERS may be overly focused on interest rates instead of the bigger picture (total cost of ownership). We are debunking the common myth that "BUYERS ARE LIARS AND SELLERS ARE TOO." Buyers are often misinformed, while sellers might be more prone to withholding information due to fear of disclosure. We've got a big conference coming up! Real Growth Summit - Check out who's it for, when and why do we do it! https://realgrowthsummit.com/ Call us with your questions for the show -214-310-0008! Grab our BACKYARD ZONES Guide - Making the Most of Life in Your Back Yard! https://www.dallashomerealty.com/backyard-zones/
On today's show we are digging into the HOTTEST NEW developments in the DFW area highlighting their features and the potential for growth., specifically: - South Fork Ranch - Fields - Walsh Ranch - Ventanna And why you DO NOT want to go into these places without a real estate agent! We analyze the current state of the DFW real estate market, including recent sales, price fluctuations, and the impact of interest rate changes. We also compare DFW's real estate market to other cities, such as Austin and San Antonio, discussing the factors driving growth and slowdown. We've got a big conference coming up! Real Growth Summit - Check out who's it for, when and why do we do it! https://realgrowthsummit.com/ Call us with your questions for the show -214-310-0008! Grab our BACKYARD ZONES Guide - Making the Most of Life in Your Back Yard! https://www.dallashomerealty.com/backyard-zones/
Today we dive into the latest shifts in the real estate market, including the impact of the recent NAR changes that went into effect on August 17th. We'll discuss how these changes have stirred conversations across the industry, with some claiming the landscape has been altered forever. Plus, with the upcoming election and fluctuating mortgage rates, many are wondering if now is the right time to buy. Maybe you have been wanting to buy for two years and can afford it, but the uncertainty has made you hesitant. We dig into whether waiting was the right choice and what to consider if you're thinking about buying a home in today's market! We've got a big conference coming up! Real Growth Summit - Check out who's it for, when and why do we do it! https://realgrowthsummit.com/ Call us with your questions for the show -214-310-0008! Grab our BACKYARD ZONES Guide - Making the Most of Life in Your Back Yard! https://www.dallashomerealty.com/backyard-zones/
Todd is SUPER passionate about this being his FAVORITE time to buy or sell. It's what him and his wife have always done and you should hear WHY! This quick episode is a PERSPECTIVE SHIFT we all need! Call us with your questions for the show -214-310-0008!