Hot Housing: How to Buy and Sell
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 3 August 2017
⏱️ 34 minutes
🔗️ Recording | iTunes | RSS
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Summary
Prices are up, inventories are down which means the housing market is hot again. It’s not like the crazy days of 2005, but conditions are a bit frenzied. To prepare for what is likely to be the biggest asset purchase or sale you’ll make in life, we turn to Stephen Gasque, host of Real Estate Today, a weekly radio program presented by the National Association of Realtors. Whether you’re a first-time buyer or seller, Steven is full of tips to help you navigate the process. One of the topics we spent some time on is the current inventory crisis and why it’s seemingly harder than ever for potential buyers to get the home they want. Why is the competition among buyers more intense than ever? Some of the other topics we discussed: What are the most common mistakes people make when buying or selling? What’s the most important step for a potential buyer? How to successfully invest in real estate as a rental propertyThe future of mortgage interest deductions Renting versus buyingIf you’re planning on going to an open house this weekend, give this one a listen for some tips that could increase your odds of landing the house before you walk through the front door. “Better Off” is sponsored by Betterment. We love feedback so please leave us a rating or review in iTunes. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com. For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/ Connect with me at these places for all my content: http://www.jillonmoney.com/ https://twitter.com/jillonmoney https://www.facebook.com/JillonMoney https://www.instagram.com/jillonmoney/ https://www.youtube.com/c/JillSchlesinger https://www.linkedin.com/in/jillonmoney/ https://soundcloud.com/jill-schlesinger http://www.stitcher.com/podcast/jill-on-money http://betteroffpodcast.com/ https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2
Transcript
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| 0:00.0 | Hi it's Jill Schlesinger and on this episode of Better Off we're talking |
| 0:07.2 | hot housing we've got our guest Stephen Gasquay he's going to help you learn |
| 0:11.9 | how to buy and sell a property. |
| 0:14.0 | If you want to become a real estate investor, one of the best ways to do it is to buy your next house, |
| 0:19.0 | but rent out the one you're in now. |
| 0:21.0 | Because talk about understanding your investment. You know |
| 0:24.2 | everything about that house from the utility bills to you know what that knock is |
| 0:28.2 | in the radiator in the middle of the night and so that is one of the safest and most conventional ways to invest. |
| 0:35.0 | And before you know it, you might have three or four. |
| 0:38.0 | Welcome to the Better Off Podcast sponsored by Betterment, the largest independent online financial advisor. |
| 0:45.0 | Okay, the most important life-changing decision that you may be about to make could really be around housing. The housing market |
| 0:57.6 | has been completely insane over the last decade. Let's go back. Housing boom prices literally doubled. |
| 1:05.3 | Everyone went bananas. Some flipped home. Some people borrowed too much. Some people |
| 1:10.5 | bought more than they could afford, all of that, |
| 1:12.5 | and they got stuck, and then we had a housing crisis. |
| 1:15.1 | And that was a nasty crisis, and it was horrible. |
| 1:18.1 | Now we are seeing a very different kind of market. |
| 1:21.8 | Prices are up, inventories are down, no it's not crazy, it's not |
| 1:27.4 | the crazy days of 2004 or 5, but I would say things are a little bit frenzied. |
| 1:32.5 | The recent article in the New York Times talking about California having a severe housing shortage. |
| 1:39.8 | That is why I brought in a guest, an expert to talk about it. |
| 1:44.1 | Stephen Gasquay, he's the host of real estate today. |
... |
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