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5 Ways Agents Can Help Buyers Tackle Affordability
The biggest challenge in today's real estate market, specifically for homebuyers, is affordability. Inventory is low. Interest rates are higher than they’ve been in a decade. Home prices have gone up. This presents new challenges for real estate agents as well. In this episode, host Dan Lesniak outlines 5 ways that agents can help buyers tackle affordability. They include: educating potential buyers on rate buydowns; analyzing adjustable rate mortgages as an option for them; helping them consider making a higher down payment to lower monthly payments and possibly lock-in a better interest rate; being more aggressive with going after selling concessions; and house hacking in a variety of ways, such as bringing in a roommate or renting out the other side of a duplex. This is a time for agents and buyers to get creative so that buyers can be able to afford the right house for them.
Join GUEST and Host Dan Lesniak as they discuss…
∙ Putting the issue of affordability of buying a home in context – comparing it to renting.
∙ Looking for lenders with free refinancing options.
∙ How increasing a down payment can reduce monthly payments and lock-in lower rates.
∙ How seller concessions and house hacking can make getting into a home more affordable.
QUOTES TO SHARE
💬 “When they're renting, they're still paying the high mortgage rate, they're just paying the mortgage rate for their landlord.” - Dan Lesniak
💬 “You need to have some hard conversations up front, figure out what their budget is…” - Dan Lesniak
💬 “We've got declining inventories, less homes for sale than almost anytime in United States history” - Dan Lesniak
💬 “I've seen some house hacking scenarios where people are not only getting their mortgage covered, they're actually getting positive cash flow and living for free.” - Dan Lesniak
If you are ready to join eXp realty and would like Dan Lesniak To personally sponsor you so you have access to two nationally recognized coaching programs text 703-638-4393.
KEEP UP WITH US HERE
Website: https://hyperfastagent.com
Instagram: https://www.instagram.com/HyperFastAgent/
Facebook: https://www.facebook.com/HyperFastAgent/
Twitter: https://www.twitter.com/hyperfastagent
LinkedIn: https://www.linkedin.com/company/hyperlocal-hyperfast/
OUR OTHER EXCLUSIVE YOUTUBE CHANNELS
The Keri Shull Team: https://youtube.com/kerishullteam
Dan Lesniak - https://www.youtube.com/danlesniak
► LEARN FROM
GRANT CARDONE, GARY VEE, BILLY GENE, AND OTHER REAL ESTATE & MARKETING SUPERSTARS ON THE HYPERFAST PODCAST
http://bit.ly/2SKlK3Z
CHECK OUT RECAPS FROM OUR TOP SELLING EVENTS
https://bit.ly/3eadFQA
WATCH KERI AND DAN SPEAK TO OTHER TOP AGENTS
https://bit.ly/34CrBzJ
THE BOOK THAT HELPED 10K+ REALTORS
https://amzn.to/2Mkm9Jp
GET DAN'S BEST SELLING BOOK FREE
https://bit.ly/3dbiH3q
INTERESTED IN TAKING YOUR REAL ESTATE BUSINESS TO THE NEXT LEVEL?
https://bit.ly/3eLG97Z
View all episodes
By The HyperFast Agent
4.9
101101 ratings
The biggest challenge in today's real estate market, specifically for homebuyers, is affordability. Inventory is low. Interest rates are higher than they’ve been in a decade. Home prices have gone up. This presents new challenges for real estate agents as well. In this episode, host Dan Lesniak outlines 5 ways that agents can help buyers tackle affordability. They include: educating potential buyers on rate buydowns; analyzing adjustable rate mortgages as an option for them; helping them consider making a higher down payment to lower monthly payments and possibly lock-in a better interest rate; being more aggressive with going after selling concessions; and house hacking in a variety of ways, such as bringing in a roommate or renting out the other side of a duplex. This is a time for agents and buyers to get creative so that buyers can be able to afford the right house for them.
Join GUEST and Host Dan Lesniak as they discuss…
∙ Putting the issue of affordability of buying a home in context – comparing it to renting.
∙ Looking for lenders with free refinancing options.
∙ How increasing a down payment can reduce monthly payments and lock-in lower rates.
∙ How seller concessions and house hacking can make getting into a home more affordable.
QUOTES TO SHARE
💬 “When they're renting, they're still paying the high mortgage rate, they're just paying the mortgage rate for their landlord.” - Dan Lesniak
💬 “You need to have some hard conversations up front, figure out what their budget is…” - Dan Lesniak
💬 “We've got declining inventories, less homes for sale than almost anytime in United States history” - Dan Lesniak
💬 “I've seen some house hacking scenarios where people are not only getting their mortgage covered, they're actually getting positive cash flow and living for free.” - Dan Lesniak
If you are ready to join eXp realty and would like Dan Lesniak To personally sponsor you so you have access to two nationally recognized coaching programs text 703-638-4393.
KEEP UP WITH US HERE
Website: https://hyperfastagent.com
Instagram: https://www.instagram.com/HyperFastAgent/
Facebook: https://www.facebook.com/HyperFastAgent/
Twitter: https://www.twitter.com/hyperfastagent
LinkedIn: https://www.linkedin.com/company/hyperlocal-hyperfast/
OUR OTHER EXCLUSIVE YOUTUBE CHANNELS
The Keri Shull Team: https://youtube.com/kerishullteam
Dan Lesniak - https://www.youtube.com/danlesniak
► LEARN FROM
GRANT CARDONE, GARY VEE, BILLY GENE, AND OTHER REAL ESTATE & MARKETING SUPERSTARS ON THE HYPERFAST PODCAST
http://bit.ly/2SKlK3Z
CHECK OUT RECAPS FROM OUR TOP SELLING EVENTS
https://bit.ly/3eadFQA
WATCH KERI AND DAN SPEAK TO OTHER TOP AGENTS
https://bit.ly/34CrBzJ
THE BOOK THAT HELPED 10K+ REALTORS
https://amzn.to/2Mkm9Jp
GET DAN'S BEST SELLING BOOK FREE
https://bit.ly/3dbiH3q
INTERESTED IN TAKING YOUR REAL ESTATE BUSINESS TO THE NEXT LEVEL?
https://bit.ly/3eLG97Z