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Terry Story’s Real Estate Survival Guide podcast includes her weekly round-up on NPR's "The Steve Pomeranz Show," WLRN and affiliates. The show provides expert advice in all aspects of the real estate transaction from listing to negotiations; to sales and purchase and everything in between.
Episodes
Monday Oct 16, 2017
Home Prices Have Been Up Every Month, But Where’s The Inventory?
Monday Oct 16, 2017
Monday Oct 16, 2017
Steve and Terry start Real Estate Round-Up by talking about home prices, which were up 5.6% over August 2016 to a median of $253,000 across the U.S., for the 66th straight month of year-over-year gains.
To emphasize how much this is a seller’s market, Terry shares a story where she listed a house for $350,000 right after Hurricane Irma and thought she wouldn’t get any calls. Instead, she got five offers, including one that was $10,000 over the asking price, all within one day of her listing the property! 10-11-2017
Monday Oct 16, 2017
Yes, Florida Home Sales Are Rising After Hurricane Irma
Monday Oct 16, 2017
Monday Oct 16, 2017
Steve starts this week’s Real Estate Round-Up by asking Terry Story for an update on existing home sales in her market of Boca Raton, FL. Terry says her phone started ringing almost immediately after Hurricane Irma, with previously registered sellers moving up their timetable to sell and others inquiring what their homes were worth, but Terry does not attribute that to Irma.
In the aftermath of other hurricanes—and Hurricane Andrew in particular—a lot of people moved from South Florida to northern parts of the state, and that exodus created a lot of new construction and new homes for sale, notes Steve. 10-04-2017
Tuesday Oct 03, 2017
Purge Your Home Before You Prepare to Sell It
Tuesday Oct 03, 2017
Tuesday Oct 03, 2017
Switching topics, Steve wants to talk about a list, from Terry, of the nine things you should purge your home of before you move. Terry starts with getting rid of all the junk you’ve accumulated over the years such as bathroom towels that aren’t all that nice and that you really don’t use, old sheets and extra pillowcases, and appliances and kitchen gadgets that you really don’t need, such as rarely used juicers. Then go through the closets and take out all your unworn or incorrectly-sized clothes so someone else can use them, and throw out kitschy souvenirs, extra coffee mugs and old trophies that clutter-up your home. 09-28-2017
Tuesday Oct 03, 2017
Buyer Beware: Flipped Homes Could Be A Real Nightmare If You’re Not Careful
Tuesday Oct 03, 2017
Tuesday Oct 03, 2017
Due Diligence On Flipped Homes
Finally, Steve wants to know if buyers should scrutinize a flipped home the same way they’d analyze a rental car that’s for sale. His logic is that investors who know they’re going to flip the home in a few years don’t bother to take care of the home beyond outward cosmetic appearances, so buyers should dig even deeper on such sales.
Terry says a good place to start is by looking at whether the seller is an individual or an LLC (Limited Liability Corporation). That’s because investors often set up an LLC to purchase a foreclosed home. They then renovate the home, sell it, and liquidate the LLC. So, months later, if a buyer finds a defect in the property or the title, the LLC has no assets and is no longer in existence, so they have no one to go back to. However, if the LLC has been in existence for a long time, there’s probably less to worry about it. 9-20-2017