The Real Estate Show

Radio Show Notes 08/14/24 Wednesday:

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Why Now Is the Perfect Time to Buy Real Estate: Insights from the Real Estate Show's Midweek Mortgage Report

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

Is the news, media, and economy leaving you wondering if now is a good time to be buying or selling 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. My name is Eric Willner, known as the Voice of Real Estate, and I'm the founder of this program and creator of The Automatic Landlord System for owning cash-flowing real estate “Profitably and Hassle-Free.” This show is a virtual real estate seminar in every episode, designed to empower you with the knowledge and strategies you need to thrive in today’s market.

Today is our “Wednesday Midweek Mortgage & Market Report” Edition, and we’re continuing with our theme: Real Estate Success: Step 5 is to Make an Offer and Negotiate in The Step-by-Step Guide to Buying Real Estate.

Making an offer and negotiating are key steps in securing your real estate success. But let me ask you this—Did you know that over 80% of home buyers report feeling unprepared for the negotiation process? Or that negotiating effectively can save you thousands of dollars, or even make or break your deal? And did you know that understanding the current mortgage market can give you a serious edge in negotiations?

These are just a few things you need to know to ensure your real estate transaction goes smoothly. Today, we’re diving deep into why this step—making an offer and negotiating—is crucial in your real estate journey.

The Importance of Making an Offer and Negotiating in Real Estate

The decision to buy real estate is one of the biggest investments most people make in their lifetimes. So why is negotiating the right way so important? It’s simple: when done effectively, negotiating can be the difference between achieving financial success through real estate or missing out on key opportunities. Real estate negotiations aren’t just about price—they involve the terms, contingencies, closing dates, and so much more.

Before we get into the meat of the show, let me remind you about this week’s special FREE Workshops:

• Tuesday 8pm: Path to Home Ownership Introduction – Online by Invitation. Text "Home."
• Wednesday 8:30pm: Financial Edge University “101 Overview” – Online by Invitation. Text "Edge."

Do finances challenge you? Most people say YES!! That's why we offer The Financial Edge, an education and support system designed to give you the financial edge you need to succeed. We believe in a 3-pronged approach:

1. Be a Homeowner: Everyone should own a home.
2. Get Financially Organized: Your house should be in financial order with a written financial/life plan.
3. Start a Business: Owning a business that pays you and offers tax benefits is key to long-term financial success.

Take the 72-Hour Challenge! Get organized, get educated, and get ready to take the next step toward financial independence.

Now, let’s dive back into why NOW is the time to buy real estate, building on what we’ve discussed earlier this week. In the ever-evolving world of real estate, staying informed is your greatest asset. The headlines today offer valuable insights that directly impact your real estate decisions.

Today’s Top Trending Topics for the Midweek Market Report

Today’s National 30-Year Mortgage Interest Rate Trends
As of Wednesday, August 14, 2024, the average interest rate for a 30-year fixed mortgage is 6.57%, a slight rise from last week. If you're considering refinancing, the current average rate is 6.55%. This slight fluctuation highlights the importance of staying vigilant in your mortgage search. Even a small difference in rates can save you thousands of dollars over the life of your loan. Text "Loan" to 561-861-2366 to stay updated with the latest offers.

Mortgage Refinancing Surges 35% in One Week as Rates Drop
We’re seeing a significant surge in refinancing applications—up 35% last week alone. Why? The average interest rate on 30-year fixed-rate mortgages with conforming loan balances fell slightly to 6.54%. Even though it’s a small drop, it's enough to create a wave of refinancing activity. Homeowners are acting fast, and you should be aware of how these shifts could impact your real estate decisions. Whether you’re considering a refinance or a new purchase, this is a reminder of how staying informed can help you take advantage of opportunities in the market.

Consumer Prices Rose 0.2% in July
Inflation remains a key player in the real estate market. In July, the consumer price index increased by 0.2%, with inflation holding steady at 2.9% annually. What does this mean for you as a real estate investor? Well, the steady rise in prices keeps the Federal Reserve considering interest rate adjustments, which in turn affects mortgage rates. This trend reinforces the importance of making your real estate move sooner rather than later—locking in rates before they rise.

59% of Americans Falsely Believe We’re in a Recession
Despite persistent inflation and high interest rates, the U.S. economy has remained strong. However, 59% of Americans believe that we’re currently in a recession, a perception driven by higher costs and economic uncertainty. This disconnect between the actual state of the economy and public sentiment impacts real estate decisions, as many potential buyers and sellers hesitate to act. But here’s the truth: real estate remains one of the best investments you can make, recession or not. Understanding the real economic landscape can give you the confidence to move forward in your real estate journey.

Remember, real estate is the best investment you can make. The key is to stay informed and be strategic in your approach.

Call to Action: Take the Financial Edge Today!

I want to remind you—text the word EDGE to 561-861-2366 to get started with The Financial Edge. Whether it’s getting your finances in order, starting your own business, or finding the perfect property, we’re here to guide you every step of the way.

Conclusion

As we wrap up today’s edition of The Real Estate Show, let’s recap the key takeaways:

1. Now is the time to make your move in real estate. Interest rates are shifting, and opportunities are plentiful for those ready to act.
2. Negotiation is critical—whether you’re buying, selling, or refinancing, knowing how to negotiate can save you money and maximize your investment.
3. Stay informed about market trends like mortgage rates, inflation, and consumer sentiment to make the most strategic real estate decisions.

Thank you for tuning in to The Real Estate Show, where every episode is a seminar designed to help you succeed in real estate. Don’t just listen—take action! Be sure to tune in again tomorrow for the "ATM Edition – About The Money." And as always, if you have any questions or need guidance, remember that we’re here to help you every step of the way. Text the word EDGE to 561-861-2366 to start your journey toward real estate success today!

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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