Episodes
Tuesday Sep 03, 2019
Episode 11: Is Homeownership for Everyone? with Terry Hankner
Tuesday Sep 03, 2019
Tuesday Sep 03, 2019
In Episode 11 of Intelligent Equity Podcast, host Ryan Kiefer talks with Terry Hankner, President of Comey & Shepherd Realtors. They tackle issues surrounding home ownership and then discuss the challenges buyers and sellers are facing in the current market environment.
Episode Highlights:
- Terry Hankner has been licensed since 1978. She started her career in education.
- Most of real estate is really about teaching. It’s sharing information and letting people know all of their options.
- Should everyone own a home?
- Hankner thinks that not everyone should own a home but there are great reasons to become a homeowner.
- Reasons to become a homeowner include personal satisfaction, control of your own environment, the fact that real estate is a good investment, and tax advantages.
- Inventory awareness is currently a problem for sellers. Sellers need to be locally aware.
- The best way to understand your local market is to talk to a good realtor who can provide you with statistical data and tell you the truth about your property.
- Put your house in really good condition as a seller. Consider a pre-listing inspection.
- Tell your sellers to dust off their water heaters.
- Mortgage Minute: If you happen to be a move-up buyer, you’re in a perfect position because of the increased purchasing power that comes with interest rates near historic lows.
- If you’ve been thinking about moving up, now’s the time.
- The challenge for buyers in the current market is also inventory related. There are not as many homes on the market as there usually are.
- If you’re a buyer, get pre-qualified financially and have a heart-to-heart discussion about needs and wants.
- Buyers need to be ready to do something when a house that meets their criteria comes up.
- The only really slow time for the industry can be between Thanksgiving and the new year. Spring begins on January 2nd.
- The cyclical nature of real estate is much more tied to favorable interest rates and market conditions than it is to the weather.
3 Key Points:
- Sellers should increase their awareness of local inventory.
- Buyers can prepare themselves so they’re ready to take action when a house that meets their criteria goes on the market.
- The cyclical nature of real estate is tied more to market conditions than to the time of year.
Resources Mentioned:
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