In the July 2022 Market report the team discusses more inventory, but also more houses in escrow in SLO county. Hal shares some pretty interesting information he's gleaned from the local title companies regarding cash offers. Once again the team agrees that buying a house is still one of the smarter things anyone can do to build their wealth. In fact people with capital see it as THE place to put their money. Find out why the market is what it is in this episode of the SLO County Real Estate Podcast with Hal Sweasey.

Show Notes

:48 to 2:11 July Market report by the numbers have indicators of a slow… but strong Real Estate Market.

2:12 to 4:18 Real estate is returning back to the Old normal with appreciation, depreciation and deceleration.

4:19 to 6:18 Jay warns against people buying into the Media narrative when it comes to Real Estate because it is based mainly on recency bias, that we may not see for a very long time.

6:19 to 7:56 Pricing is starting to relax and the days of having an offer of hundreds of thousands over asking, which means agents are having to change their strategies, and can’t sit back and wait for the most money.

7:57 to 10:52 Even though Crazy bidding wars might be a thing of the past, JT argues that you can still get top dollar for your house if you go with an agent that knows how to maximize his/her tools and work hard for the client.

10:53 to 12:02 While the market seems to trend towards a more buyer friendly market, in SLO county Sellers still have the upper hand.

12:03 to 14:19 Potential Buyers have another form of competition in the way. Cash Offers have gone way up in the last 6 months, and needs to be something to keep an eye on.

14:20 to 17:59 Is the four letter “F” word needlessly driving away potential buyers and if so does that provide some opportunity for those looking for safe investments?

18:00 to 20:35 Hal Sums up the market and provides some realistic hope for a market that is still historically beneficial for both sides.

CA DRE #01111911

860 Walnut Street Suite A, San Luis Obispo, CA, 93401

(805) 329-3247

halsweasey.com

Team Sweasey is forced to pull from their resources to answer some questions about prices, Inventory, rental prices, and interest rates for the remainder of 2022.

Show Notes

1:12 to 3:14 Interest rates will continue to go up and have not reached their peak, but this might be some good news for inventory and backing off some competitive offers.

3:15 to 5:10 The Central Coast is starting to see a slow increase in inventory, this might have something to do with people who are holding on to their money, good news for people living and working here who haven’t had a chance to buy in the past.

5:10 to 6:30 JT Doesn’t really care about 3rd and 4th quarter from an investor standpoint.

6:30 to 7:14 Hal leans on what he has learned from Mike Ferry and has little concern for those who CAN get into the market.

7:15 to 9:22 A correlation between the Home purchasing market and the rental market suggests you should still buy if you can. Because the demand for a place to live is always high on the Central Coast.

9:22 to 12:48 Is SLO County the “Gold Standard” of Real Estate when compared to our neighboring counties?

12:48 to 14:41 Even at 6 or 7 percent the price is locked… but rents can quickly go out of control. You cannot look short term when purchasing a home. And a very obscure Styx song reference from Jay.

14:42 to 17:15 The team is asked about prices and inventory for the rest of 2022.

17:15 to 18:35 The definition of what “Normal” inventory is, is still a very long ways away.

18:36 to 20:30 The Two Markets of Real Estate seem to suggest that San Luis Obispo is not only a great place to live, but also as safe as real estate gets.

20:35 to 22:34 When did the inventory take a huge dip? It had something to do with COVID. And these really led to some massive gains.

22:35 to 24:00 Is there any seasonal advantage to the SLO County Real Estate Market?

CA DRE #01111911

860 Walnut Street Suite A, San Luis Obispo, CA, 93401

(805) 329-3247

halsweasey.com

The crew got together and started talking about the things people overlook when buying a house. Insurance and the level you would need to recover from varying life changing events came up as #1. Luckily JT knows about this having worked in the insurance field a very long time. He opens everyone's eyes to being underinsured.

Show Notes

2:18 to 6:56 What are the things you need to look deeper into when buying your house? Do you have enough coverage? Don’t get blinded by the whirlwind of things you need to do to make sure you are protected.

6:57 to 7:31 Don’t think of your insurance agent as someone you talk to once or twice then you are done with them.

7:32 to 11:03 Earthquake Insurance eye opener.

11:04 to 12:19Are you protected to the extent if something where to happen to your spouse?

12:20 to 13:46 The difference between Mortgage Insurance and Life Insurance. Is your policy portable?

13:47 to 17:26 Is your house in a trust to the people you might leave behind? Nobody wants to go through Probate especially in SLO county.

CA DRE #01111911

860 Walnut Street Suite A, San Luis Obispo, CA, 93401

(805) 329-3247

halsweasey.com

In this timely episode of the SLO County Real Estate with Hal Sweasey Podcast. The team discusses the dynamics the Feds latest interest rate increase has had on Real Estate so far, and what are some things we can expect in the near future.

Time Stamps

1:58 to 4:07 A brief synopsis on what the Feds ¾ percentage point increase has done to a scorching hot Real Estate market.

4:08 to 6:58 Buying power is something that is going to get tough with interest rates rising and you need a smart lender that is going to get you into a situation that is not going to put you under, John shares a personal purchase situation his family is going through right now.

6:59 to 10:43 John reflects on the volatility of the market in the past six months, Hal indicates that houses are still selling relatively quick even though a lot less offers are coming in compared to just a few months ago. Hal, John, and Jay are bullish on prices continuing to go up after some possible dips.

10:43 to 12:23 The team stresses the importance of having a foundation investment like a house during times like this.

12:24 to 15:05 Yes, Interest Rates are going up quickly, but you always have the option to refinance when the rates are better for you as a buyer. Hal talks about the security of real estate compared to other things you could be investing in right now.

15:05 to 17:30 Producer Jeff asks the team about if Central Coast residents should worry about big capital investors coming in a gobbling up what little inventory we have.

17:30 to 18:24 the “Millionaire Next Door” is not as worried as some are during these economic times.

18:25 to 22:14 The difference between Investors and Speculators.

Gain Insight in the highly competitive SLO County Real Estate scene with the areas #1 Resource. Team Sweasey will give you tips on Buying, Selling, and maximizing your real estate investments. Subscribe to be an informed investor in SLO Co. Real Estate

CA DRE #01111911

860 Walnut Street Suite A, San Luis Obispo, CA, 93401

(805) 329-3247

Rumblings about the Real Estate Market Nationwide are getting louder, but what does that mean for SLO County Real Estate? Hal shoots down any worries about 2008esque issues with Real Estate, and while buyers are getting back to normal it is still a pretty strong sellers market.

Show Notes

0:00 to 3:54 While the Market has slowed compared to last year there is still more buyer demand in San Luis Obispo County.

3:54 to 5:36 While the fed is trying to stymie inflation it does not mean the Window of opportunity is closed for real estate acquisitions, especially when compared to Rent and Rental Rates in SLO County.

5:36 to 8:05 Equity is good, just ask Magic Johnson.

8:05 to 8:53 Good news for buyers is they now have a little more negotiating power that they did a year ago, but the Market would still be considered one that benefits sellers for now.

8:53 to 11:36 There is no coincidence to the calming down of the market and the calming down of COVID, but people are still coming here for quality-of-life reasons.

11:36 to 13:45 The lack of inventory is what drives demand in SLO County which should mean there will be no bottom falling out of the market and the dip should be shallow.

13:45 to 16:52 Rest assured what is happening now is not a repeat of what happened in 2008 based on many factors.

Gain Insight in the highly competitive SLO County Real Estate scene with the areas #1 Resource. Team Sweasey will give you tips on Buying, Selling, and maximizing your real estate investments. Subscribe to be an informed investor in SLO Co. Real Estate

CA DRE #01111911

860 Walnut Street Suite A, San Luis Obispo, CA, 93401

(805) 329-3247

In this episode of the SLO County Real Estate Podcast with Hal Sweasey we learn the differences, Pros, and Cons when it comes to the many resources you can use when it comes to listing and buying properties on the Central Coast.

0:00 to 4:56 - You have options when it comes to how you buy and sell your home. Comparing Realty Team vs. Realtor and For Sale By Owner situations.

4:56 to 5:43 - Keller Williams Central Coast CEO Jay Peet has a big warning for those trying to DIY Real Estate.

5:43 to 8:23 - Despite all of JT’s and Hal’s experience they admit that there are certain transactions that they would not be comfortable with pulling off without the help of a team.

8:23 to 13:05 - Hal Highlights the strengths of having an entire team to lean on from a perspective of efficiency as it applies to his business and how it translates to making the process easy for the client.

13:05 to 17:58 - JT and Jay discuss how many agents are in the county, and how many of them are actually making sales. Which leads to a discussion to what “Bus” is the right one to ride, and who you would buy your “Bread” from.

17:58 to 19:29 - Coming up on the next episode of the SLO County Real Estate Podcast with Hal Sweasey.

CA DRE #01111911

860 Walnut Street Suite A, San Luis Obispo, CA, 93401

(805) 329-3247

halsweasey.com

Show Notes

0:50 to 4:41 When getting ready to list your house what are some things you should do yourself and should you get a Stager involved?

4:42 to 9:57 With a competitive market, photography is very important in order to get buyers to even visit the property, you want to make it appealing to the right buyer in order to get the best offer.

9:58 to 13:05 Now that the house is getting some interest what are the more tangible things that you need to do in order to make sure any offers you get do not fall through? (inspections, appraisals, etc.)

12:16 to 14:14 to the best listing price isn’t always the highest number… you got to take what the current market is giving you.

14:15 to 16:04 Arriving at the right listing price requires good communication and a deep dive into what benefits and drawbacks comparable properties have, and making adjustments accordingly to determine that price.

16:04 to 19:23 All agents have the same tools, but Jay is particularly impressed with how Hal’s Team is maximizing one of the overlooked tools to get the best possible price for their clients.

CA DRE #01111911

860 Walnut Street Suite A, San Luis Obispo, CA, 93401

(805) 329-3247

halsweasey.com

On this episode of the Hal Sweasey Podcast Team Sweasey talks about the challenges of what you should offer for a house in a hot market. Just because the house has a listing price doesn’t mean that it necessarily meets market value. Join Hal, James, JT and Jay for a closer look into how you should be structuring your offers in order to get it accepted.

(0:00 to 5:33) In SLO County you need to be prepared to go over asking… If you really like the house go BIG, or NO home.

(5:33 to 6:50) What happens if you run into a problem with appraised value not matching what you qualify for?

(6:50 to 9:08) What do you list for? How high is too high and are you doing yourself a disservice if you shoot for the moon?

(9:08 to 11:05) Is the current market “Shift” a sign of things to come? Are things settling down?

(11:05 to 13:53) There are indications of a cool down, but that still doesn’t mean the Market is not competitive.

(13:53 to 16:22) How prevalent is Buyers Remorse when it comes to these large offers that are coming in?

(16:22 to 18:18) Market Timing vs. Time in the Market (Spoiler: Father time is a factor)

(18:18 to 21:16) When will the price increases stop? Is that even a reality in a desirable market like SLO County?

Get current listing and great tips on how to navigate this market at

www.halsweasey.com or call Team Sweasey at 805-781-3750

It depends on your needs. Sometimes you have to go outside of Market trends to make the best decision. Hal Sweasey, JT, Jay and James tackle this question early on in the SLO County Real Estate with Hal Sweasey Podcast (0:00 to 3:53) JT can't see a Bubble burst for a market that has experienced as much growth and very limited inventory, Jay thinks the desirability of the market will make it so it may never happen here (3:53 to 8:33) What about First Time Home Buyers? The team discusses getting in vs. getting what you want (8:33 to 16:27) How long are people waiting in this accelerated market? (16:27 to 17:10) Final Thoughts (17:10 to 20:08)

Get current listing and great tips on how to navigate this market at

www.halsweasey.com or call Team Sweasey at 805-781-3750

In the first episode of the SLO County Real Estate with Hal Sweasey Podcast. We meet some of "Team Sweasey"

(0:00 - 7:01) We meet Hal and the cliff notes version of how he has become an accomplished Real Estate Force in SLO County and his journey to the top learning from the past.

(7:01 - 13:00) Core Values of Team Sweasey and how having a team going over your best interests will benefit you in a very tough market to navigate.

(13:00 - 16:27) SLO County is only one of three counties to experience an increase in population the past year in California (58 counties total) that has put our inventory in HIGH demand. A lot of people 55 and over are taking advantage of favorable CA property tax loopholes that give them a buying edge.

(16:28 to 19:33) Every single SLO County Community has seen anywhere from a 20% to 35% increase in home prices with many properties getting offers $100K over asking, and they are not staying on the market very long. Due to growth this could be a long term trend.

(19:33 to 22:03) Final Thoughts... market timing vs. length of time invested.

Get current listing and great tips on how to navigate this market at

www.halsweasey.com or call Team Sweasey at 805-781-3750