Episode 565 Real Estate Only! Why YOU must understand the benefits of a “rate buy down” in a market with accelerated rates!
Ron and Don Radio
Ron and Don
4.9 • 946 Ratings
🗓️ 16 June 2023
⏱️ 14 minutes
🧾️ Download transcript
Summary
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Transcript
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| 0:00.0 | Don't go anywhere unless you want to. |
| 0:05.0 | Stor Rondon Show starring Ron and Don. |
| 0:09.0 | All right you guys, what's going on? |
| 0:10.0 | Welcome to a real estate only show and we want to tell you about something that is |
| 0:17.8 | happening right now in real time and there's not a real estate a lot of real estate agents out there that understand this and the reason they didn't understand it is because most real estate agents they do the transaction |
| 0:30.2 | You go to Cancun then they disappear disappear, then they get sunburn, and then they get |
| 0:35.8 | sun poisoning, and then at some point they come back, they sit at the bar for about another month, |
| 0:41.0 | they run out of money, and then they're like oh I got to go get another |
| 0:44.1 | listing and then they go back out they get another listing and then they go back down to |
| 0:49.2 | can't go down to Cancun which is the new mauset lawn or a capoco and the whole thing just begins all over again. |
| 0:58.0 | Ron and I don't do that because I don't think we like Cancun and the last time I went to Mazzet Lawn everybody was so damn drunk down there. |
| 1:07.0 | I came home early. I love a good shit show like everyone else but just not the one that I was seeing in |
| 1:15.3 | Mas-Lawn. |
| 1:16.3 | My mausoleon is not my favorite city. |
| 1:18.3 | So anyway, this is what we want you to understand and we have a property right now that we're selling and this |
| 1:27.1 | particular property is at a price point where interest rates are affecting the buyers out there. |
| 1:36.1 | So for instance, let's say that I'm selling a home here on Queen Anne Mountain where I live and |
| 1:41.1 | it's on at 1.8. There's probably a lot of people that are in |
| 1:45.5 | intact that can step in and go you know what I'm not going to get a loan at 1.5 or |
| 1:50.8 | 1.8 or whatever property is. That's a pretty good deal. The reason I like that is because |
| 1:56.9 | it's maybe two or 300 grand off the high. Maybe this was a 2 million dollar property a year and a half ago. |
| 2:03.6 | Now I can step in and let's say I, let's say |
... |
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