It is that time of year folks and lets use Halloween of 2015 to share a few creepy stories from my time in real estate.
These stories may not help you save money on your next transaction, but you might just enjoy them... at least a little!
We will be telling stories of forces of nature that cannot be defied! Corpses that will fuel your nightmares! Surprising acts that completely transform reality! Plus, one story that will leave you wondering if the dead might truly revisit the land of the living.
Apparently, the folks in charge can never learn from their mistakes. At least, they can't learn the real lesson. You would think that after the last real estate bubble, the folks in charge would look back on what they did and remind themselves never to do it again. However, in D.C. the prevailing logic does not seem to be that the problem is what they did, but rather that they did not do enough.
What is scary is that we are seeing some of the same people and organizations enacting the old policies that got us into that mess in the first place. So what should we do? As buyers, sellers, investors and hopeful real estate entrepreneurs, how should we move forward?
Today we will review some of the goofy things being put back into place and see what kind of general thoughts we can draw from that.
Some interesting data got shared today about what the best day of the week to list your home is. So lets take a little time to talk about what the most common day is to list a house and what day it should be. I know that everyone wants a magic bullet, and sometimes we can get close with a practice that tends to work more often than others. However, nothing will ever beat going just a little bit deeper and deciding on a course of action that is supported by what you understand about your local market and the home you are trying to sell. Whether you are a buyer, seller, investor or real estate entrepreneur, thinking about things a little more deeply is usually the fastest route to better results!
The seasonally adjusted data for new home sales is out and it is not pretty! The experts missed it by a mile and the data paints a very different picture of the market from what the popular media keeps indicating. Lets look at these numbers and a few others to see which way the wind is blowing. Every buyer, seller,investor or real estate entrepreneur needs to know which way things are trending and this one is a biggie! In fact, the data is even more telling by how off all the pundits have been. We will also explore some of the bizarre data showing the drop in demand while prices go up!
I had a heck of a time coming up with a sexy, eye catching title for this show. I still think I missed the mark. However, one of the most important things you need to get control of before you start making offers on homes - or doing much of anything else for that matter - is have a good handle on your emotions. I have seen it before, your emotions can cost you HUGE amounts of money. So how do we handle that? Well, we figure out where this stuff comes into play and what emotions to focus on and how to manage them.
It is one of those things that separates buyers and sellers from successful investors and real estate entrepreneurs. We have talked before about how passion plays an important part in your success - but now we will cover some other ones that can work for you and against you. Plus, we will chat about what to do with those emotions when they rear their head in your real estate transaction.
Make sure to head on over to http://therebelbroker.com and follow the links to the Pintrest page where you can find the charts described in todays show! Whether you are a buyer, seller, investor or real estate entrepreneur, figuring out where the market is likely to go is a key to creeping closer to success. In todays show, we are going to examine critical numbers like the home price index, the real median household income, mortgage rate levels over time and the dept to salary ratio to get a better understanding of the most popular real estate markets in the nation.
Also, we are going to examine the effect of foreign investment as the richest in China move their wealth to the United States and purchase high end real estate in our most popular urban areas.
Once we take a look at all this data and mix it with some of the understanding we have gained from previous shows, it is going to be hard to argue that we are not at least in for a very bumpy real estate ride!
Condos are an interesting part of the real estate market. Some investors and real estate entrepreneurs have managed to do very well for themselves in that market, even tho they tend to be a little more risky and lower in appreciation. For first time buyers, single folks or senior citizens, they are often the best or only option if they want to get into owning a piece of property. Right now, FHA rules and regulations can make it difficult to purchase some condos - but all that may be set to change!
In todays show, we are going to discuss some proposed changes to FHA rules that might just make condos more attractive for some investors and entrepreneurs - in addition to making them more accessible for first time buyers.
For my long time listeners, you know how I feel about eminent domain. In todays show, we will get a bit of a refresher course on what eminent domain is. What it is used for and how it is abused. Everyone from buyers, sellers, investors and entrepreneurs should care about eminent domain. It is easy to try and take comfort in the idea that the odds are that it won't happen to you, but an injustice allowed to one of us is an injustice committed against all of us.
What makes this topic even more relevant today is that there is one presidential candidate that has made his feelings on eminent domain very clear. So we will also explore Donald Trumps involvement with eminent domain. How he has praised its use and made use of it to make remake the world more to his hearts desire.
Don't miss this one, it's a goodie.
Lumber is one of those great numbers that you can use to get a read on what is going on with construction in the coming months. This time around, we examine how the drop in lumber prices is likely to effect the kind of construction we see in the next quarter or two. We will examine what buyers, sellers, investors and entrepreneurs should expect given the latest numbers.
It is always interesting to come across articles in the popular media that talk about real estate issues. So often, they only get it partly right. In this case, some well intentioned folks came up with a list of 7 myths of home buying and got some of it wrong or missed the mark by a bit. Lets review them and see what they got wrong and what they got right!
We just saw a huge spike in foreclosures in the eastern united states that is breaking all kinds of records! Todays show talks about how entrepreneurs, buyers, sellers and investors should react to this news. Should we worry or look at this as a chance to purchase a home? What about current home inventory? Will this uptick in foreclosures effect property values?
The important thing is that this represents a limited time opportunity for entrepreneurs, investors and first time buyers! This jump goes way beyond what investors in those markets can handle, but that will not last long! If you have the resources or can work quickly, this could represent an AMAZING opportunity for you to acquire a property at a great price!
Todays show is going to go over some of the key questions to ask yourself when you are considering renting or buying your home. Whether you are an entrepreneur, investor or just want to own your own home, these are questions you need to consider in order to choose wisely when it comes to the decision to buy or rent. Most important, as is true with so many things in life, you need to think a little bit outside the box to get the best results from this evaluation of whether or not to buy a home or rent one. You need to consider what things you need and want in your life to make your day to day existence.
Some interesting murmurs in the real estate media have been describing a real estate "Rental Bubble". So what the heck is a real estate rental bubble and is it something we should worry about? If there is a bubble, what is causing it? What kinds of changes in rents can we expect in the near future as a result? We will discuss what the talking heads seem to think, then we will discuss why they are right or completely wrong!
We have explored how to make time for your goals, how to pick your goals and how to create a plan to achieve them. In todays show, lets talk about some of your options for real estate goals! No matter what your are interested in, we can create a set of actions you can take to make that goal in real estate a reality!
We have discussed how to make time, how to use that time to create your goals. Now lets explore the specifics of how to make these goals happen!
Of course, we will talk about some of the more accepted methods, but like always, the RebelBroker will sprinkle a little magic in there to spice things up!
Just like building a house, the foundation is critical to success! You need to build your foundation on well considered goals! The process I am going to suggest is a little off the beaten path, but I think you end up with better results and a higher probability of settling on goals that you can actually stay motivated about!
Remember, I am always interested in hearing how a show has helped you. I would love to hear back from listeners about how these techniques have worked or not worked for you so that I can make improvements moving forward for everyone to benefit from. Have you created your goals? Do you already do it? Do you track them daily and update the status? If so, let me know what techniques work best for you to stay on track!
Welcome to Day 1 of my Finding Your Path To Success series! No matter what is going on with you and your life, this series is going to discuss a strategy that I have seen work with many successful entrepreneurs and real estate investors. On day 1 we discuss the absolute basics. Do you have the mindset to move forward? If not, are you willing to embrace some new thinking? How can you create time in your day to dedicate toward achieving your goals? All this is covered in today show!
There are times when it is all good and times when it is all bad. Unfortunately, today it is all bad. Virtually ever single number that means anything to the economy and to real estate was bad today. Of course, those numbers do not stand alone and will dictate what we can expect from the housing market,lenders and the Fed for months to come.
Here are some articles to go along with todays show:
First time buyers are entering into a world of the unknown! There are plenty of things first time buyers should be aware of but so many of them are not. Everything from costs, to knowing what to expect from home inspections and lenders. In todays show we are going to cover a good chunk of what any first time buyer should be including on their list of things to look out for!
One of the biggest issues facing buyers - or anyone trying to achieve a goal that involves needing money - is saving for that downpayment.
In todays show we are going to reveal 10 fantastic techniques for saving money that will help you stockpile money like a Ninja! You won't even feel the pain as you see your savings account swell!