Get Me Ready To Sell

In this episode of Get Me Ready To Sell, hosted by Jeff Jones, a realtor, coach, and entrepreneur, we discuss the impact of the National Association of Realtors (NAR) settlement on home sellers. The episode explains how the settlement will change the way real estate commissions are handled, particularly the compensation for buyer's agents, starting August 17th. Jeff provides background on the lawsuits leading to the settlement and emphasizes the importance of sellers having intentional conversations with their realtors about commission structures and their options moving forward. The podcast aims to help home sellers navigate these changes and make informed decisions when selling their homes.

• 0:00 - Introduction, NAR Settlement and Its Implications for Home Sellers
• 1:47 - Key Dates and Changes from the NAR Settlement
• 2:44 - Difference Between Realtors and Licensed Real Estate Agents
• 4:58 - Historical Context of Buyer and Seller Representation
• 9:00 - Compensation Structure in the Real Estate Industry
• 11:07 - Impact on Cooperation Between Agents
• 12:57 - Seller’s Options Post-Settlement
• 15:13 - Offering Concessions and Ensuring Compliance

In this episode of the Get Me Ready to Sell podcast, we will discuss the different types of loans available with guest George Sago, vice president of mortgage at Bank Plus. We focus on how these loan types can impact sellers when considering offers. FHA loans, for example, may require more stringent appraisals and inspections, whereas conventional loans are more lenient. It's important for sellers to be aware of the potential differences and understand the specific requirements of each loan type before making a decision. Communicating with your listing agent and asking questions can help ensure a smooth selling process.

• 3:52 - FHA Loans
• 5:16 - Conventional Loans
• 8:26 - VA Loans
• 16:24 - USDA Loans
• 26:25 - Why this Matters

Join me for the latest episode of the Get Me Ready to Sell Podcast as I provide an update on the October 2023 housing market in the United States. In this episode, I debunk three common myths surrounding the housing market and analyze the current inventory, equity, and home prices, both present and future. Tune in for all the valuable insights.

• 1:10 - Foreclosures Are Increasing
• 4:05 - Wall Street Is Buying Every Home in America
• 10:32 - AirBNBs Will Crash the Housing Market
• 13:49 - Inventory
• 17:19 - Equity
• 22:05 - 3 Major Advantages to Having That Equity

In this episode of the Get Me Ready to Sell Podcast, we discuss the common reasons why homes may not sell, even after being on the market for weeks, months, or even having an expired listing with an agent. We explore three possible explanations for the lack of sales, including limited access, poor first impressions, and incorrect pricing, providing practical tips and insights for homeowners to overcome these challenges. Tune in to find out why your home didn't sell and how to rectify the situation.

2:30 - Limited Access

5:39 - Poor First Impression

11:01 - Incorrect Pricing

Welcome to today's episode of my podcasts, Get Me Ready to Buy and Get Me Ready to Sell. I appreciate you joining me as we delve into the topic of closing with confidence. Closing is a crucial process that requires determination and persistence, even after a property is under contract. To shed light on this subject, I am joined by Amy Spicer, a licensed attorney with expertise in transactional real estate law in Tennessee and Mississippi. While this episode does not establish an attorney-client relationship, Amy brings valuable insights and experience to the discussion.

• 3:13 - What is closing?
• 12:11 - Title Search
• 21:36 - Title Insurance
• 25:58 - Seller, do this to avoid problems at closing

On today's episode of the Get Me Ready to Sell podcast, I will be discussing what happens when a deal falls apart and how to fix it, if possible. Whether you're a buyer or a seller, this information will be valuable to you. It doesn't matter that the house is under contract; unforeseen circumstances can still cause the deal to crumble. As a buyer, you may have made an offer that was accepted, or as a seller, you may have accepted a counteroffer. Either way, you were ready to move forward, but now you find yourself back at square one. In a previous episode, I addressed unexpected obstacles that can arise for sellers, but today we will focus on what specifically causes a deal to fall apart and what steps can be taken to rectify the situation, if any. So, let's dive right into it on this episode of the podcast.

• 4:11 - Inspections
• 11:33 - Appraisal
• 13:18 - Underwriting
• 18:33 - Title Search
• 22:54 - Cold Feet
• 26:11 - Watch for these signs
• 29:15 - Save the deal

Thank you for joining me today as we delve into the latest housing market update for August 2023 in the United States. Without wasting any time, let's jump right in. Please note that the visuals on my screen might vary, and you might occasionally see me looking away to ensure that I cover our topic accurately.

• 0:58 - Consumer Survey on Home Prices
• 6:40 - Recession and End of Moratorium = Tsunami of Foreclosures
• 10:21 - What Actually Happened with Home Prices in 2022?
• 18:34 - Inventory
• 20:23 - Mortgage Rates

The good news is that the decline in inflation is expected to lead to a drop in 30-year fixed mortgage rates, making homes more affordable for potential buyers. However, there's a slight cause for concern as the demand for homes is increasing while the inventory available falls short. To help you stay prepared for these changes, there are two podcasts available: "Get Me Ready To Sell" and "Get Me Ready To Buy." These podcasts provide valuable guidance for both selling and buying a home.

For homeowners who acquired mortgage rates of 3% or lower, it is suggested that they consider selling their homes when rates increase to take advantage of the current market conditions. On the other hand, buyers should be proactive and listen to these podcasts or watch the YouTube videos to ensure they are ready when rates become affordable. Looking ahead to 2024, it is predicted that rates will continue to decline, attracting even more buyers and intensifying competition within the market. Therefore, it is essential to be prepared for selling or buying, regardless of whether it's happening now or in the future.

Welcome to the Get Me Ready To Sell Podcast, where you can learn how to confidently sell your home. In this episode, I will provide an overview of the home seller success path, which consists of six steps that are essential for selling your home successfully. Each step will be discussed in detail in other episodes of the podcast. Join me as I guide you through the process of selling your home with confidence.

• 0:59 - Partner With Professionals
• 7:10 - Prepare Your Home (#3)
• 10:49 - Price Your Home (#4)
• 17:01 - Promote Your Home (#5)
• 20:11 - Persevere Through Close (#14)
• 27:36 - Pursue Your Future

I hope that the steps outlined in the home seller success path will empower you to sell your home confidently. By partnering with a professional, preparing your home, pricing your home, promoting your home, persevering through close, and pursuing your future, you can achieve great results. If you are in the Northwest Mississippi or West Tennessee area, reach out to me for assistance in selling your home. If you are in a different market, I can confidently help you find a competent agent to sell your home. Have a blessed day!

Thank you for joining me for another episode of the Get Me Ready to Sell Podcast. In this episode, we will be discussing the process of closing a real estate deal. The closing is when ownership of the property is transferred from the seller to the buyer. While the specific steps may vary depending on the region, the ultimate goal is the same: to successfully take possession of the property. It is important to partner with professionals, such as real estate attorneys or title companies, who can guide you through the specifics of the closing process in your area.

• 2:00 - What is the Close?
• 3:42 - #1: Open an escrow account
• 5:57 - #2: Title search and insurance
• 8:30 - #3: Hire an attorney
• 10:04 - #4: Negotiate Closing Costs
• 11:06 - #5: Complete the Home Inspection
• 12:22 - #6: Get a pest inspection
• 12:54 - #7: Renegotiate the offer
• 14:32 - #8: Lock in your interest rate
• 15:45 - #9: Remove contingencies
• 18:51 - #10: Meet funding requirements
• 25:49 - #11: Final Walkthrough
• 27:22 - #12: Sign the paperwork

The closing process in real estate involves transferring ownership of the property from the seller to the buyer. While the specific steps may vary depending on the region, it is important to partner with professionals who can guide you through the process. Whether you are a seller or a buyer, understanding the closing process is crucial to successfully completing a real estate transaction.

Hey, thanks for joining me today for the podcast. I'm really looking forward to this episode because we're talking about how to prepare for the unexpected. There's really no way to prepare for the unexpected. However, we're going to do our best to try to accomplish that. And today's episode is available on both, Get Me Ready To Sell and Get Me Ready To Buy, Because if you're selling or buying, there's going to be some unexpected things that pop up that are going to affect both sides. So you can listen to this podcast today. Whether you're a seller or a buyer in either place, you can listen to it wherever you get podcasts.

• 2:16 - First Home Under Contract
• 6:30 - Found out through the Title Company that the Seller was in Foreclosure
• 7:43 - Purchasing a house through a Relocation Company
• 10:25 - Buyer signed weeks before closing; Co-signer lost their job
• 13:18 - Unexpected Things That Catch Buyers Off Guard
• 16:14 - Client ended up in military jail during closing process
• 17:42 - Seller’s home got broken into and burgled on the day of photographs
• 18:51 - Well water test four days before close
• 19:44 - What happens if you don't agree to that extension?
• 21:00 - Solutions available to continue to close

Even though unexpected issues can arise during the process of buying or selling a property, there are potential solutions available to navigate through them. Rather than giving up, collaborate with your real estate professional to overcome any unexpected challenges that arise. Issues such as inspection findings, appraisal discrepancies, or funding questions can be addressed and resolved with the help of your agent and other professionals involved in the transaction. Remember that unforeseen hurdles are not necessarily insurmountable, and trust in the expertise of your real estate team to guide you through the process.