With historically low mortgage interest rates, the housing market is extremely hot. COVID-19, along with other factors, has created fierce competition in this seller’s market, and homes are selling in mere days. Buyers need to be aware of what is happening in their local real estate markets, as well as knowing what steps they should take if they are looking to buy.
Host Jimmy “Skinny” McKinney of J&R Construction Services, Inc. and Trey McCallie of Urban Toolbox, LLC and TreyMccallie.com give insight into the current housing market. If you are even considering potentially selling or buying a home soon, you’ll want to listen to this episode.
Listen to learn about:
The increasing scarcity of undeveloped land. (Time stamp: 01:30)
Meet Trey McCallie. (Time stamp: 03:30)
Whether or not now is a good time to get into real estate. (Time stamp: 07:40)
The differences between a real estate agent and a real estate broker. (Time stamp: 10:12)
An alternative to the normal agent-broker revenue split. (Time stamp: 14:28)
A broker can work for more than one agency. (Time stamp: 15:56)
The wildly active real estate market right now and how it’s affecting prices. (Time stamp: 18:16)
How COVID-19 created a seller’s market. (Time stamp: 19:30)
The stats on how fast homes are selling and why sellers need to be prepared to move immediately. (Time stamp: 20:46)
How to set the expectations of your clients as a real estate agent. (Time stamp: 24:26)
Why houses and commercial spaces are so expensive in today’s market. (Time stamp: 28:14)
Truths buyers need to know, and actions they need to take, if they want to buy in the near future. (Time stamp: 35:16)
Preparations sellers need to make to sell their home. (Time stamp: 34:05)
Home inspections for sellers before listing and buyers before buying. (Time stamp: 35:46)
Advice for sellers and buyers. (Time stamp: 39:49)
Guest Bonus Round: Fun with Trey! (Time stamp 41:46)
Do you match your socks? (Time stamp: 41:48)
Ice cream or chocolate bar? (Time stamp: 42:42)
Puppies or kittens? (Time stamp: 43:12)
Hot humid day, sunny or 70 degrees spring day, raining? (Time stamp: 43:41)
Snowing; stay inside or go outside? (Time stamp: 44:27)
Mustard or ketchup? (Time stamp: 44:53)
Favorite book or recent book you read? (Time stamp: 44:57)
If you weren’t doing your current career, what would you be and why? (Time stamp: 45:49)
Once again, a huge thanks to Skinny On The Home sponsor, 84 Lumber of the Lexington, KY area. The team at 84 Lumber can help you decide what you need for any upcoming fall project. With an inventory of over 10,000 products, and knowledgeable, friendly staff, 84 Lumber will have what you need. Plus, if you need anything custom or special ordered, they are more than happy to get exactly what you want.
Skinny On The Home is a live call-in radio show, airing every Thursday morning at 11:00 a.m. on Lifechanging Radio, WJMM, in Central Kentucky. Every week, Skinny shares both the latest trends and designs along with the tried and true tips, techniques and tools you need to make your remodel a success.
Recommended Products and Services and How to Get in Touch:
Trey McCallie
treymccallie.com
LinkedIn
Founder of Realty One Group Bluegrass
148 Malabu
Lexington, KY 40503
(859) 312-7599
& Principal Broker at Urban Toolbox, LLC
Website
Harold R. Tate, President
P.O. Box 172
Lexington, KY 40588
(859) 608-5183
John Gilles, #1 Kentucky Home Inspections
Home and Commercial Inspections and Radon Testing
1kentuckyhomeinspections.com/
facebook.com/1KentuckyHomeInspections
(859) 447-6263
Lexington, KY 40515
WJMM Radio
99.1 FM
Lifechanging Radio!
facebook.com/Life99WJMM
3950 Lexington Rd
Versailles, Kentucky 40383
Studio Telephone: (859) 873-8096
wjmm.com/skinny-on-the-home
Skinny On The Home host:
Jimmy McKinney, CGR, CAPS
J & R Construction
jrcsi.com
facebook.com/JRCSI
youtube.com/user/JnRConstruction
Lexington Office
633 West Main Street
Lexington, KY 40508
(859) 225-0162
Owensboro Office
121 East 2nd Street, Suite 151
Owensboro, KY 42303
(270) 570-2891