3.2K
Downloads
118
Episodes
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
Saturday Apr 28, 2018
How To Recognize And Protect Yourself From The Latest Mortgage Scams
Saturday Apr 28, 2018
Saturday Apr 28, 2018
Steve kicks off Real Estate Round-Up by noting that home prices have risen to such a degree that small mom-and-pop investors are starting to partner up with others in order to afford them. Investment properties have surged about 25% from 2014 to 2016, according to the National Association of Realtors, and have attracted investors who are keen to flip homes to try and make some money.
The market is very tight in the $300,000 entry-level range, so investors are teaming up to buy more expensive homes where competition is not as pronounced.
Monday Apr 23, 2018
The “Right To Inspect” Clause Can Come Back To Bite You
Monday Apr 23, 2018
Monday Apr 23, 2018
Continuing on last week’s Real Estate Round-Up thread, Terry Story believes sellers are often unclear about a buyer’s “as is with right to inspect” a property before completing a sale. This leads to confusion and frustration, especially after sellers have completed price negotiations on an as-is sale and believe it’s a done deed.
The right-to-inspect clause gives a home buyer the right to have the property inspected before concluding the sale. If they don’t like the results of the home inspection, buyers have three choices: a) accept the property and move forward, b) renegotiate price and repair terms with the seller, or c) just flat-out walk away.
Monday Apr 23, 2018
Do First Time Home Buyers Pay Too Much?
Monday Apr 23, 2018
Monday Apr 23, 2018
Steve kicks off Real Estate Round-Up with a study which shows that first-time home buyers tend to, on average, pay about $2,200 more for their homes than regular, non-first-time home buyers. Terry says this is because first-time home buyers generally purchase lower-priced starter homes, which is a really aggressive market compared to larger homes.
First-time home buyers are competing against investors and other first-time home buyers and have likely lost out on a few previous bids. Since they are eager to close a deal, they tend to pay a little bit more than seasoned buyers who might sit back a little and wait it out. First-time buyers typically focus on the positives, don’t really concentrate on or even evaluate the negatives, and often let their emotions get the better of them. Fortunately, though, paying a few thousand more doesn’t really matter in the long run.