The Nerdy Agent Podcast

Today we talk about different outcomes of the real estate inventory crisis. Mainly our opinions around what homeowners will do instead of moving. We discuss full house renovations and additions. We also give helpful advice on how to speak with clients about these and how to add value so you are viewed as the expert.

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For today’s business tip we'll talk through how we plug into the data provided by your local MLS and Zillow to support your seller clients. We'll walk through the different pieces of information we use, how it helps us get as many buyers through a listing as possible, and how each helps us understand how to properly tailor our communication to the seller.

Follow us on Instagram!

The Advisory Realty Group - @theadvisorymn

Luke Pettersen - @pettyhomes

Josh Pettersen - @joshpettersen

Check out our YouTube channel!

https://www.youtube.com/channel/UC_ZBGkGELoPz7-O8Sk-uIBw

In today’s primary segment we'll be talking about the commission lawsuit that has been ongoing since 2019 and recently made waves for being approved as a class action lawsuit. We'll talk about how the lawsuit has progressed over the years, provide some insights into how it could impact real estate agents in the future, and what you can be doing to ensure you're having success in a future state where buyer agent commissions are paid by the buyers directly!

Follow us on Instagram!

The Advisory Realty Group - @theadvisorymn

Luke Pettersen - @pettyhomes

Josh Pettersen - @joshpettersen

Check out our YouTube channel!

https://www.youtube.com/channel/UC_ZBGkGELoPz7-O8Sk-uIBw

In today’s economic segment we'll be discussing the current inventory levels in our local market and nationwide and providing context using historical numbers on just how much of a supply shortage we are currently experiencing. We'll walk through the primary causes of the supply shortage and walk you through where we think inventory is going in the near future and things that could help improve the current situation. Finally, we'll provide a script that you can use when talking to clients, friends, and family about why the market is still crazy despite rising interest rates!

Follow us on Instagram!

The Advisory Realty Group - @theadvisorymn

Luke Pettersen - @pettyhomes

Josh Pettersen - @joshpettersen

Check out our YouTube channel!

https://www.youtube.com/channel/UC_ZBGkGELoPz7-O8Sk-uIBw

For this week's business tip we're going to be giving you our keys to success for working with first time homebuyers. We'll talk you through the different meetings we have with all of our first time homebuyer clients, as well as action steps we take along the way to ensure they are confident and informed throughout the process!

Follow us on Instagram!

The Advisory Realty Group - @theadvisorymn

Luke Pettersen - @pettyhomes

Josh Pettersen - @joshpettersen

Check out our YouTube channel!

https://www.youtube.com/channel/UC_ZBGkGELoPz7-O8Sk-uIBw

In today’s economic segment we'll be going over the recent banking crises in more detail, while walking you through the history of the banks! We'll talk about the very similar chain of events that occurred in 1907 that caused banks to fail and FDIC to be created and then have an in depth conversation about the recent bank collapses and why they matter to you as an agent. As always, we'll give you a script that help you be the expert about the topic when talking to potential clients!

Follow us on Instagram!

The Advisory Realty Group - @theadvisorymn

Luke Pettersen - @pettyhomes

Josh Pettersen - @joshpettersen

Check out our YouTube channel!

https://www.youtube.com/channel/UC_ZBGkGELoPz7-O8Sk-uIBw

For this week's business tip we're going to be talking about why you need to go get feedback on your listings and not rely on buyer's agents to submit it over Showingtime. We'll give you our process for connecting with the agents that show our listings and how we then pass along that feedback to our sellers.

Follow us on Instagram!

The Advisory Realty Group - @theadvisorymn

Luke Pettersen - @pettyhomes

Josh Pettersen - @joshpettersen

Check out our YouTube channel!

https://www.youtube.com/channel/UC_ZBGkGELoPz7-O8Sk-uIBw

In today’s primary segment we'll be talking about what the data is telling us about buying vs renting. We'll discuss the two key major indices that we track to get an understanding of when the best time to buy vs rent is and as always, we'll provide scripts you can use to talk through clients that are on the fence!

Follow us on Instagram!

The Advisory Realty Group - @theadvisorymn

Luke Pettersen - @pettyhomes

Josh Pettersen - @joshpettersen

Check out our YouTube channel!

https://www.youtube.com/channel/UC_ZBGkGELoPz7-O8Sk-uIBw

For this week's business tip we'll be providing you insight on the new loan level adjustments that were recently released and walking you through how you can talk to your clients about them. We'll have our local lender, Bryan Meredith, with us to provide additional context and reinforce the importance of having a lender partner that is always fighting for your clients!

Follow us on Instagram!

The Advisory Realty Group - @theadvisorymn

Luke Pettersen - @pettyhomes

Josh Pettersen - @joshpettersen

Check out our YouTube channel!

https://www.youtube.com/channel/UC_ZBGkGELoPz7-O8Sk-uIBw

In today’s primary segment we'll be talking about the recent collapse of Silicon Valley Bank with a guest! Local lender, Bryan Meredith, joins to discuss what exactly happened with Silicon Valley Bank, how it rippled through the mortgage industry, and how we can expect it to continue to impact interest rates. We'll also be discussing the CPI data that was recently released and give expectations on how mortgage rates will continue to adjust in the coming months as a result of everything!

Follow us on Instagram!

The Advisory Realty Group - @theadvisorymn

Luke Pettersen - @pettyhomes

Josh Pettersen - @joshpettersen

Check out our YouTube channel!

https://www.youtube.com/channel/UC_ZBGkGELoPz7-O8Sk-uIBw