3165: 5 Tips For Buying a Home in a Competitive Market by Mike Ballew of Egg Stack on Real Estate Investing

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Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 3 June 2025

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3165: Mike Ballew shares practical, strategic guidance for navigating a hyper-competitive housing market, where hesitation can cost you your dream home. His five-step plan empowers buyers to act quickly and confidently, arming themselves with neighborhood knowledge, financial readiness, and negotiation flexibility, to avoid common regrets and make smarter, long-term decisions. Read along with the original article(s) here: https://eggstack.com/blog/2022-02-13-5-Tips-for-Buying-a-Home-in-a-Competitive-Market/ Quotes to ponder: "Every home you consider must be viewed through the eyes of other buyers." "Sellers prefer to hitch their wagons to buyers who are able to prove they can afford a home versus someone who hopes they can." "You need to be hungry like the wolf, laser-focused, and ready to pounce on a moment’s notice." Episode references: WAV Group: https://www.wavgroup.com Zillow: https://www.zillow.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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1:12.5	Five Tips for Buying a Home in a Competitive Market by Mike Ballou of Eggstack.com.
1:19.9	With some homes selling the same day they're listed,
1:24.0	buying a home in this red-hot market is quite challenging.
1:31.3	Here are five tips for buying a home in a competitive market. Number one, become an expert.
1:35.3	Explore your area of interest and become an expert.
1:39.3	You will not have time to begin researching after you find a home that you're interested in.
1:49.6	In the time it takes you to pull up your favorite search engine, another buyer will have swooped in and snapped it up. Study maps and know where you want to live. Perhaps more
1:55.7	importantly, know where you don't want to live. Locate undesirable neighborhoods such as railroad tracks,
2:02.5	water treatment plants, and flood zones.
2:05.2	If you're looking to buy a new or recently constructed home,
2:09.0	research the home builders and find out their reputations
2:12.3	for quality and integrity.
2:14.7	Look for high ratings based on large numbers of votes and be wary of outliers and loons.
	...

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