869: Why NOW is The Time to Buy a House (BEFORE Rates Go Down) w/Avery Carl and Caeli Ridge

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Investing, Business

4.8 • 16.6K Ratings

🗓️ 8 January 2024

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

If you’ve been thinking about buying a house in 2024, you already may be too late. With mortgage rates dropping, listings increasing, and spring buying season only a short couple of months away, NOW is the time to act before bidding wars start up again. With so much pent-up buyer demand, agents and lenders are already seeing a spike in activity, and we haven’t even gotten to spring. So, if you want to know how to buy a house in 2024, even with fierce competition, we’re here to help. Avery Carl, short-term rental expert and agent, and Caeli Ridge, President at Ridge Lending Group, join us to talk about what they’re seeing in the market NOW, what their housing market predictions are as buying season heats back up, and whether or not now is even the time to buy. Both Avery and Caeli work heavily with investors, so they know what does and doesn’t work when buying a rental property, NOT just a primary residence. We’ll touch on the hottest markets that could see the most competition, why rookie investors need to snap out of analysis paralysis to win in 2024, and why this buying season could become red-hot in just a few months. Plus, David and Rob will answer a listener’s question about how to win in a competitive market without having the highest bid. In This Episode We Cover: “Buying season” and why spring 2024 could bring back the hot housing market Most active real estate markets that are seeing inventory fly off the MLS Why mortgage rates are NOT as important as you think they are The “great stalemate” and what could cause homeowners to finally list their houses Whether to buy or wait and the risk of holding out for lower mortgage rates How to beat other buyers when bidding for investment properties And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Expand Your Investing Knowledge With the BiggerPockets Books Be a Guest on the BiggerPockets Podcast Ask David Your Question David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Ask David Your Seeing Greene Question 5 Steps to Get ANY Home Offer Accepted (WITHOUT Being the Highest Bidder) Why Investors Are Giving Up Their “Golden 4% Interest Rates” w/Caeli Ridge Federal Housing Finance Agency Connect with Avery and Caeli: Avery's BiggerPockets Profile Avery's Facebook Avery's Instagram Avery's LinkedIn Avery's Website Caeli's BiggerPockets Profile Caeli's Instagram Caeli's LinkedIn Caeli's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-869 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Pocket Podcast Show 869.
0:04.4	What's going on everyone and this is David your host of the Bigger Pocket Real Estate Podcast.
0:08.6	Joined today by the Quoft crusader himself, Rob Avis obsoolo Rob how are you today?
0:14.0	Fantastic man I'm really excited to get into today's show we're calling it why buying
0:18.7	season is now and I think we really dissect some of the psychology and some of the watchouts and
0:24.0	some of the things you should keep in mind if you want to buy a property today.
0:26.9	We're speaking with Chaley Ridge who's a nationwide lender who specializes in
0:31.1	lending to investors. We're also talking to our good friend Avery Carl.
0:34.4	She's a friend of the show.
0:35.5	She's a real estate agent who specializes in working with investors.
0:38.7	Who would have thought?
0:39.6	And we're going to be talking about seasonal strategies.
0:41.8	If now is a better time to buy than waiting until
0:44.4	spring when all of the other investors tend to hit the market and we see blood in the
0:49.0	water. Before we jump into it I did want to mention that if you're looking for a
0:52.3	lender or agent we actually
0:53.8	have a matchmaking service that you as investors can use to find investor-friendly agents and
0:58.5	now lenders. We've already done the hard work of finding qualified agents and lenders so you don't have to worry
1:03.2	about that side of it. All you have to do is the fun part of taking action and
1:06.7	making deals happen. So if you're interested in that head on over to bigger pockets
1:10.4	dot com slash agent finder and bigger pockets dot com slash lender today. Pockets.com slash Agent Finder and BiggerPockets.
1:13.4	com slash Lendorfinder today.
	...

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