Real Estate Agent ARRESTED? Is your LISTING price in need of ADJUSTMENT? Join Me!

#HomePrices #Realtystream #Housingmarket

On the livestream today, John talked about a few things. The show started with initial thoughts of a house that John and his buyer clients have been watching for about a week. The house didn’t get an offer first weekend so maybe there is something there to take a look at in person.

Next, we went over a YouTube comment on one of our videos about what the real estate market is doing. Did the commenter even watch the video they commented on? I think they watched at least some of it.

Then we talked about what John is seeing in the real estate market. There’s a bit of an art to taking the information John sees in the marketplace and then reacting to that information real time. This is what you want when you hire an agent though. When an agent is using just headlines as a way to understand the market, they are usually two weeks or more behind.

Interest rates and inflation continue to be an issue in the housing market. It seems like if they continue to raise interest rates, it is going to kill the economy, which includes housing of course. Now, is inflation killing the economy regardless of interest rates…John thinks so. He has warned about inflation since before the start of 2022.

Later, we talked about a real estate agent who has been arrested for kidnapping a woman. Really. And, even with kidnapping a woman, John is pretty sure the guy does more business than him, which is crazy when you think about it.

There was an article written about when you should consider a price change on your home. John went over his thoughts. Again, it’s all part of your thoughts and strategies that you should be utilizing when working with your agent. You want to know about this upfront so that you can adjust as the market gives you more information.

Finally, an article that may already be irrelevant written only about a week ago, June 21, 2022. The guide to crafting a real estate offer to purchase that will actually get the house bought. John goes over his thoughts…there are some strategies that might not be so great that some buyers are choosing that don’t seem to make a lot of sense.

0:00 Introduction
2:28 An Interesting house to look at
6:25 A comment on my last livestream
14:28 The Real Estate Market, Input-React
23:47 Mortgage rate report
26:45 Real Estate agent arrested?
37:45 Should you adjust your listing price?
50:10 Your offer and winning a bidding war

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First off: a welcome it’s great to be able to be with you today

“The single most important decision you make is where you live.

It drives your business opportunities, relationships, food and water supply, politics, activities, and day-to-day quality of life.” Naval

-Listener and viewer question. I have the podcast, and it’s usually a 10 or so minute long video on some topic I find particularly interesting. Unfortunately, I have been doing the livestream more often lately and although I love the format of the podcast, it is somewhat secondary to the livestreams right now. So, my question is, do I take the livestream and turn it into podcast episodes for my people on podcasts? Let me know what you think. I should be able to do it by middle of July if there is an interest.

Google Trends has us learning about

30 year fixed mortgage rate came in at 5.95%

A. Real Estate agent arrested…just link normal people…buy why?
B. When should you adjust your home’s listing price? Probably when you figure out it isn’t selling for the price you listed it for.
C. A Guide to home offers and winning a bidding war? Should be fascinating…because it is regional…but we will see.

Sources:
https://nypost.com/2022/06/21/real-estate-agent-allegedly-kidnapped-couple-leashed-woman/

https://realtytimes.com/archives/item/1045118-when-should-you-lower-your-home-s-listing-price

https://www.realtor.com/advice/buy/highest-and-best-vs-best-and-final-offers/

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https://www.deerwoodrealtystl.com/