The BIGGEST trick real estate agents use to get you to say "YES"!
Real Estate Realities With The RebelBroker
Release Date: 09/07/2018
Real Estate Realities With The RebelBroker
From home insurance to car coverage, insurance companies are deciding to just not do business in California any longer. So what has to happen to force companies to abandon a huge market? Well, despite the headlines, it is not just weather issues and corporate greed. Today, we take a look at the latest news that State Farm decided last week to stop offering home insurance in the state of California and what that will likely mean for homeowners going forward....
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In this thought-provoking episode, we delve into the often overlooked drawbacks of low-income buyers availing themselves of 1% down loans. Today we will specifically be talking about the Rocket Mortgage ONE+ loan program. While these loans may seem appealing on the surface, they can harbor hidden pitfalls that can leave borrowers vulnerable. Join us as we explore the cautionary tales and shed light on the potential downsides of this financing option. Episode Highlights: Understanding 1% Down Loans: We begin by explaining the concept of 1% down loans, which have gained popularity as an...
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Business bankruptcies are up 216% and we are not even half way through 2023 yet! What does this mean for unemployment and the world of real estate? Let's take a minute to chat about all that! —————————————————————————————————————————————————— ➡️ Instagram: ➡️ Twitter: ➡️ Facebook: 🏡 💵 Get Your FREE Home Value Estimate! - ☕️ "Coffee And Real Estate" Live Events: 📰 Subscribe To The Monthly Newsletter: 🕵🏻♂️ Search For...
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The headlines today sure do seem to be sending out a positive message relating to real estate. Many tell us the great home value drop is over. The most recent numbers prove we are out of the woods. Do they really? In todays show we will take a closer look and see if we should be optimistic or not. —————————————————————————————————————————————————— ➡️ Instagram: ➡️ Twitter: ➡️ Facebook: 🏡 💵 Get Your FREE Home Value Estimate! - ☕️ "Coffee And...
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Fasten your seat belt folks, today we get a classice Rebelbroker rant podcast! Let's play pretend for a moment. You find yourself in a situation where you are behind on your property tax payments. You owe $5,000 dollars. One thing leads to another and the state is going to take your property and sell it to pay your tax debt. The state does its thing and sells your home for $500,000. Expecting to get a check for $495,000, you wait patiently at your mailbox for that payment. Surprise! It will never arrive. That's right, the law says that no matter how little you owe, the government gets to keep...
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Are you a responsible borrower? Have you saved diligently for that 20% downpayment on your first home? Did you educate yourself and work toward improving your credit score so that you reached your goal of a score higher than 680? Well, then the FHFA (Federal Housing and Finance Association) would like to take this opportunity to completely screw you over! How will they screw you over? With higher rates and fees! But wait, for those folks who did not save, have a poor credit score and have not managed their financial lives responsibly there will be discounts and incentives! Here are a...
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The media at large seems very excited about FHA loans being able to be adjusted to 40 year terms in cases where the borrower is in a tight spot. But does it make sense to extend the indebtedness of someone that is already in financial trouble? Extending a mortgage out to 40 years takes all the worst elements of a loan and makes them worse. In todays show we are going to discuss this and see if we can cover the issue and come to some conclusions. Links: https://www.jvmlending.com/blog/why-i-hate-40-year-mortgages/
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In todays show we will take some time to review the latest buyer and seller sentiment data. We also take some time to consider what the data says about buyers vs what we are seeing buyers actually do in the marketplace. We will also talk a bit about thoughts relating to when to buy and what might be good options relating to taking advantage of the market now in anticipation of interest rates dropping sometime in the next year or two when the Fed starts to reduce interest rates to fight recession. SOURCES: ...
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If you think of predatory lending as any borrowing scenario that has a high probability of causing issues for the borrower, I think that there is a good chance we should chat about the "California Dream For All" loan program from CalHFA (California Housing Finance Agency). Schemes like this are predicated on the idea that the price of real estate will continue to rise. As we all know, that is not always true. During the last downturn, nothing was more saddening than trying to help people who had tried to take advantage of these programs and been left completely upside down and being...
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If you are desperately searching to find your home or to uncover a great investment property - you just might want to consider looking for an off market property! Finding off-market homes can be a great way to gain access to properties that are not available through traditional real estate channels. These are often properties that the owner is looking to sell privately and does not want to list publicly. While it may seem difficult to find off-market properties, there are several strategies that can be used to identify these opportunities. Networking Networking with real estate...
info_outlineWhat is the biggest trick real estate agents use when working with clients? We will discuss that today!
For those of you that have been listening to my show for a while, you know that I take a slightly different approach. In terms of what I consider to be the "Right" way to do things, the current dominant attitude in real estate just does not make the cut. Today, we are going to reveal the greatest weapon that real estate agents will bring out to get you to make an emotional rather than a rational decision. It is a tool that is taught by EVERYONE in real estate. On its own, it is not a bad thing. To one degree or another, we all do it every day. However, when this tool is taken to the degree that you embrace the 'small deception' - which is standard operating procedure in the world of real estate - you are crossing a line that leads to an attitude that too easily can brush the truth aside for more and more critical issues - which is a bad thing. Now you see what I did there? I have teased the point of todays show hard. I am told that this is the way to write show notes! So consider yourself teased! I will not only lay out what this tool is and how it is used against you, but how you should counter it so that you can get what you deserve from your chosen real estate professional. Oh, and for all you real estate agents out there, we will chat about how you can still use this technique, just not be a lying butt head about it.
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