Show notes
In Episode 12 of Intelligent Equity, host Ryan Kiefer talks with John Durso, a highly experienced realtor with Comey & Shepherd Realtors. They discuss great reasons to buy a home in the current market. Whether you’re renting and looking to own, or you’re considering trading up, you’ll learn why now is a great time to buy.
Episode Highlights:
- John Durso has been selling real estate since 1986 and has seen many different market cycles.
- Why might someone want to buy a home in this market?
- Rents are high and increasing.
- Educating renters about down payments can help them see that they can afford to buy now.
- It’s a misconception that you need 20% down to buy a home.
- There are possibilities for building wealth through investing in real estate.
- When your family grows and your space feels smaller, that’s another great reason to buy.
- There are many ways to make it possible for sellers to list their homes and buy another one.
- What’s the current inventory like on move-up properties?
- Below 300k there’s a lot of scarcity in our market right now.
- Now is a very good time to sell if you own a home in the 200k-300k range.
- Kiefer expects rates to possibly go a little bit lower. He expects them to stay low for a little while.
- Now is a great time to trade up because there’s still a lot of pent up demand.
- Could some buyers benefit from a renovation loan?
- There are several different ways to approach buying a fixer-upper.
- Homes sell due to the price, condition, location, and motivation of the seller.
- People want move-in ready homes at the moment, but you might consider renovating a fixer-upper.
3 Key Points:
- There are many good reasons to buy a home right now.
- Now is a very good time to sell if you own a home in the 200k-300k range.
- Most buyers want homes that are move-in ready. Consider investing in a fixer-upper.
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