The Real Estate Show

Radio Show Notes 03/29/24 Friday:

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"Charting Your Course to Success: Navigate the Real Estate Market Right - Weekly Wrap-Up!"

By Eric Willner, Host of The Real Estate Show, America’s longest running daily radio show about real estate.

Welcome to the Real Estate Show – South Florida’s #1 Real Estate Radio Show and America's longest-running daily radio show about real estate. It’s a virtual mini-seminar in every episode. This WEEK’s shows are about the statement: Buy the Right Property the Right Way. Today, we will summarize this week’s shows and wrap up the week to set up a new week for your success in real estate.

Did you know that real estate is one of the most powerful wealth-building vehicles available? It offers the potential for multiple ROI streams, including rental income, tax benefits, and appreciation. Real Estate Success fueled by applying the theme of "Buy the Right Property the Right Way" ensures you're making strategic investments for long-term financial growth.

Before we dive into today's wrap-up, let me remind you of NEXT week’s special FREE Workshops:

1. Tuesday 8pm Path To Home Ownership Introduction – Online by Invitation
2. Wednesday night 8:30pm Financial Edge University Overview – Online by Invitation
3. Remember we are in full “Challenge” mode with the “72 Hr Challenge” and you can join NOW by texting “Challenge” to 561-861-2366.

This week, we continued to talk about why NOW is the time to buy real estate using the theme of Real Estate Success fueled by applying the concept and strategy -  "Buy the Right Property the Right Way" – Right Now. Let's dive deeper into why this statement is critical to success:

1. Strategic Investment: Buying the right property ensures that you're making strategic investments aligned with your financial goals.
2. Long-Term Growth: Investing in the right property sets you up for long-term growth and financial stability. - - Locking in Low Prices! Yes Low!
3. Risk Management: By choosing the right property, you mitigate risks and maximize returns, safeguarding your investment for the future.
4. Cash Flow: The right property generates consistent cash flow, providing you with passive income and financial freedom.
5. Wealth Preservation: Buying the right property preserves wealth and creates a legacy for future generations.

Ultimately, the goal is to be financially free as an investor. To achieve this, you need a "B" (Business) to fund your "I"(Investments). The Real Estate Show can be your roadmap to get you there, but you need to start NOW!

Many people are stuck in the role of employees and can't break free or gather the courage to become business owners. By listening to The Real Estate Show, we can help you get unstuck and take control of your financial future.

As we recap this week and lay out the road map to safely create and keep wealth through affordable homeownership, a written financial plan, and multiple streams of income, we gain independence and peace of mind. It all starts with getting organized, educated, and gaining a financial edge.

Today's show and better credit are brought to you by www.TimeToFixMyCredit.com. Don't forget to text EDGE to 561-861-2366 to take advantage of our special offers.

Now, let's summarize each day's show from this week:

Monday: On Monday's mission edition of The Real Estate Show, we set the stage for the week's theme: Buy the Right Property the Right Way. We discussed the importance of strategic investment and how to identify the right opportunities in today's market. It’s one of the most important shows of the week because we discuss why NOW is the time to buy real estate and focus on the theme of Buy the Right Property the Right Way.

But first, let's take a look at the top real estate stories making headlines:

1. The spring seller's market is in full swing, offering sellers a prime opportunity to capitalize on high demand and limited inventory.
2. Mortgage rates are fluctuating, with experts divided on future trends. Homebuyers are urged to secure pre-approval to navigate the uncertainty.
3. Homebuyer preferences are shifting post-pandemic, with a focus on outdoor features and sustainability.

Did you know that understanding the current real estate landscape is crucial for making informed decisions? These headlines emphasize the need for strategic planning and informed action in today's market.

Then we laid out The 7 steps to finding the perfect home OR investment:

1. Define Your Needs & Wants: Start by outlining your must-haves and nice-to-haves in a new home. This clarity will streamline your search and ensure you find a property that meets your criteria.
2. Get Your Finances in Order: Knowing your budget is essential. Work with a lender to get pre-approved for a mortgage, giving you a competitive edge in a competitive market.
3. Explore the Market: Research different neighborhoods to understand pricing, amenities, and overall vibe. Consider factors like commute times and proximity to schools or parks.
4. Find a Real Estate Agent (Optional): While not mandatory, a good agent can provide valuable insights and guidance throughout the buying process.
5. Start Your Search: Utilize online tools and attend open houses to explore potential properties. Schedule private viewings for homes that pique your interest.
6. Make an Offer: Once you find the perfect home, work with your agent to craft a competitive offer. Consider market conditions and any necessary repairs when negotiating.
7. Close the Deal: After your offer is accepted, inspections and appraisals will take place. Secure homeowner's insurance and finalize loan paperwork to complete the process.

Remember, each step is crucial for finding the right property and ensuring a smooth transaction. And don't forget, you can turn debt into wealth in real estate!

Also keep in mind, “You can turn debt into wealth” in Real Estate. Change your financial picture, Start by texting the word CREDIT to 561-861-2366, because Today's Show is Brought to You By: TimeToFixMyCredit.com.

In summary, today's show emphasized the importance of buying the right property the right way. By following these steps and staying informed about market trends, you can achieve your real estate goals with confidence.

Tuesday: In the Tuesday Tools, Tips, and Techniques edition, we provided practical tools and strategies for identifying and evaluating potential investment properties. We emphasized the importance of due diligence and making informed decisions and we highlighted tools and techniques, and we broke down the practical steps needed to buy the right property the right way:

Wednesday: On the Midweek Mortgage, Market, and Money Report, we discussed the latest interest rate trends and their impact on the real estate market. The current average 30-year fixed mortgage interest rate is 6.97%, up 7 basis points over the last seven days. If you're looking to refinance, today's current average 30-year refinance interest rate is 6.91%, increasing 6 basis points from a week ago. Mortgage rates have jumped around but remain elevated. In 2024, experts were predicting the 30-year mortgage to slowly shift down, eventually landing under 6 percent. Mortgage rates change constantly, however, and many factors could play out between now and year-end to change those projections.

From Realtor.com: February home sales spike 9.5%, the largest monthly gain in a year, as supply improves:

• Sales of existing homes surged 9.5% in February from January to 4.38 million units.
• Inventory rose 5.9% year over year to 1.07 million homes for sale at the end of February.

Why it matters: Increased sales and inventory can provide more options for buyers, but competition and rising prices remain challenges to buying the right property.

From CNBC: What a $418 million settlement on home-sale commissions may mean for you:

• The National Association of Realtors agreed to a $418 million settlement in an antitrust lawsuit.
• Proposed changes could impact how Americans buy and sell homes by potentially removing commissions from the MLS system.

The settlement agreement doesn’t say that the buyer’s agent will not be paid nor that the buyer’s agent cannot charge fees.

“The big question here is who is going to pay for those services moving forward. Will it ultimately be a buyer that will have to get the buyer’s agent’s commission together, on top of closing costs and on top of down payment?” Cobreiro said.

While commission fees are negotiable between involved parties, knowing what cards you have on the table as a homebuyer will be more important now than before. Using an agent will still be a smart way to achieve that, experts say.

We highlighted the importance of understanding these trends for your investment strategy and maximizing opportunities.

Thursday: In the Thursday ATM – About The Money edition, we continued to discuss why NOW is the time to buy real estate, focusing on financial literacy and empowerment. Buy the Right Property the Right Way. We provided actionable insights for achieving financial freedom through strategic real estate investment.

Remember: It’s a stone cold fact that Real Estate is THE best investment. Period. So get yours today!

So there you have it! TGIF! Thank you for tuning in this week. Remember, don't just listen – use our show to get started in real estate investing. Have a fantastic weekend, and we'll see you again LIVE on the Monday on a Mission edition of The Real Estate Show!

Also, you can listen to the entire 30 minute broadcast of any day’s edition of The Real Estate Show by clicking on the audio link on that days summary post. You can also watch the Facebook Live video at www.facebook.com/TheRealEstateShow.

Want to know more? If you are serious about real estate and paying off debt, then find out more on today and every day’s episodes and learn more about Real Estate Investing and learn HOW TO by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 9 o’clock (EST) on Florida’s Money Talk Radio stations WWNN AM1470, FM 95.3 and FM 96.9. You can also hear us on the free apps: iHeart Radio and TuneIn. Recorded Rebroadcasts are available 24/7 on Facebook. Please share this and our Facebook updates.

Eric Willner is the Host and Founder of The Real Estate Show, an informative show about how to buy, own, and improve real estate the right way, on autopilot. - The Automatic Landlord way. (AutomaticLandlord.com) You can reach Eric Willner at Eric@Ericwillner.com or 888-595-7779.

Also listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow 

Eric Willner is the Host and Founder of The Real Estate Show, an informative show about how to buy, own, and improve real estate the right way, on autopilot. - The Automatic Landlord way. (AutomaticLandlord.com) You can reach Eric Willner at Eric@Ericwillner.com or 888-595-7779.

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