Episode #600 - Ron & Don get multiple offers again at their listing, here is how!
Ron and Don Radio
Ron and Don
4.9 • 946 Ratings
🗓️ 24 August 2023
⏱️ 37 minutes
🧾️ Download transcript
Summary
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To schedule a Ron & Don Sit Down to talk about your Real Estate journey, go to www.ronanddonsitdown.com
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Transcript
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| 0:00.0 | If you're in Seattle, Seattle, and you need to buy your cellar home, we'll be right there for you because |
| 0:09.7 | we're the realtors that you can trust. So good to riding does a down that come. Don't go anywhere unless you want to |
| 0:30.3 | Don't go anywhere unless you want to to the Ron Don show starring Ron Ron and sometimes me at Ron and Don.com. |
| 0:36.0 | Hey you guys what's going on welcome to episode 600 600 of the Ronidon show and coming up from the Leschwab Studios. |
| 0:45.9 | We're going to talk about Ron going on another bro pizza run. |
| 0:51.3 | Also instant homes is that the next big thing in real estate? Before we get to that |
| 0:56.4 | though, let's get to this. Multiple offers in Seattle. Ron, tell us about this deal. What happened, how to go down and this is a very interesting |
| 1:08.6 | journey and it ended up in a very spectacular way, right? |
| 1:13.8 | Yeah, so we have a we just had a listing and it's pending right now. |
| 1:18.4 | There's a lot of people that have been paying that like to pay attention to real estate and one thing that happened in the |
| 1:25.3 | pandemic we saw is people began to surf Redfin or Zillow and sort of imagine a different place to live and so people are curious about the |
| 1:34.0 | values of houses and so there's a sentiment right now as interest rates have |
| 1:38.8 | more than doubled in the last you know what's it been 18 months almost two years interest rates have more than |
| 1:44.4 | doubled which means if you bought a five hundred thousand dollar home and let's say |
| 1:47.8 | your payment depending on how much money you put down let's say you put down 20 |
| 1:51.6 | percent you're you'd be paying about $2,700 a month and then there would be some |
| 1:56.6 | insurance maybe have mortgage insurance on top of that so maybe you'd be |
| 2:01.2 | into the threes when money was real cheap and that be now when money was real cheap |
| 2:06.0 | that payment started at about seventeen hundred dollars so that that's real money that's real money you got. |
| 2:12.8 | So the perception I think in the market is, or among a lot of people when they read stories, |
| 2:17.5 | especially if it's a market watch story or USA Today story that's nationwide, is they'll go, okay, real estate is hitting the bottom, |
| 2:27.9 | like it's trending down. |
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