Intelligent Equity

Episode 11: Is Homeownership for Everyone? with Terry Hankner

Listen Later

In Episode 11 of Intelligent Equity Podcast, host Ryan Kiefer talks with Terry Hankner, President of Comey & Shepherd Realtors. They tackle issues surrounding home ownership and then discuss the challenges buyers and sellers are facing in the current market environment. 

 

Episode Highlights: 

  • Terry Hankner has been licensed since 1978. She started her career in education.
  • Most of real estate is really about teaching. It’s sharing information and letting people know all of their options.
  • Should everyone own a home?
  • Hankner thinks that not everyone should own a home but there are great reasons to become a homeowner.
  • Reasons to become a homeowner include personal satisfaction, control of your own environment, the fact that real estate is a good investment, and tax advantages.
  • Inventory awareness is currently a problem for sellers. Sellers need to be locally aware.
  • The best way to understand your local market is to talk to a good realtor who can provide you with statistical data and tell you the truth about your property.
  • Put your house in really good condition as a seller. Consider a pre-listing inspection.
  • Tell your sellers to dust off their water heaters.
  • Mortgage Minute: If you happen to be a move-up buyer, you’re in a perfect position because of the increased purchasing power that comes with interest rates near historic lows. 
  • If you’ve been thinking about moving up, now’s the time.
  • The challenge for buyers in the current market is also inventory related. There are not as many homes on the market as there usually are.
  • If you’re a buyer, get pre-qualified financially and have a heart-to-heart discussion about needs and wants.
  • Buyers need to be ready to do something when a house that meets their criteria comes up. 
  • The only really slow time for the industry can be between Thanksgiving and the new year. Spring begins on January 2nd. 
  • The cyclical nature of real estate is much more tied to favorable interest rates and market conditions than it is to the weather.

    •  

    3 Key Points:

    1.   Sellers should increase their awareness of local inventory. 
  •   Buyers can prepare themselves so they’re ready to take action when a house that meets their criteria goes on the market.
  • The cyclical nature of real estate is tied more to market conditions than to the time of year. 

    •  

    Resources Mentioned:

    • Ryan Kiefer: LinkedIn, Facebook, Website
  • Terry Hankner Facebook, LinkedIn 
  • Comey & Shepherd Realtors
    • ...more
    View all episodesView all episodes
    Download on the App Store
    Intelligent EquityBy Ryan Kiefer
    • 5
    • 5
    • 5
    • 5
    • 5

    5

    11 ratings