By John Gscheidmeier
4.9
88 ratings
The podcast currently has 45 episodes available.
As eager Buyers start rejoicing at the news that the Feds are finally going to start initiating rate cuts, this episode covers what to expect and when to expect it.
According to Reuters, "Federal Reserve policymakers on Friday signaled they are ready to kick off a series of interest rate cuts at the U.S. central bank's meeting in two weeks, noting a cooling in the labor market that could accelerate into something more dire in the absence of a policy shift."
The reality is that if and when the Feds lower the interest rates, it won't have the exact effect on mortgage rates. If the Feds make a cut of, as expected, 25 basis points, it won't correlate to an equal cut in mortgage rates. In fact, and hopefully this isn't too disappointing for listeners, most of the anticipated rate cut has already been factored in to the current lowered mortgage rates.
Mortgage rates work similarly to gasoline prices. Gas prices don't go up or down based on what happened that day, most of the time it is anticipatory in nature. If there's trouble ahead, or a shortage, gas prices start elevating.
John explains further in this episode, so tune in and learn more.
Do you know the difference between a 'pre-qualification" versus a "pre-approval"?
Do you only look at lending & mortgage rates as one number rather than an individual plan that is specifically designed for each person?
Do you know that there is a stark difference between lenders and pre-approvals?
In this episode I am joined by Dustin Grenier of Epic Mortgage based in Brookfield, Wisconsin. Epic is a newer company in metro Milwaukee but the faster growing lender in our area. And for good reason - they are now lending in 11 states and offer a wide variety of programs from conventional loans, FHA, VA, WHEDA and more.
Dustin and John discuss the importance of a pre-approval, and the importance of the lender being part of the realtor's team. They dive into the differences between lenders and how their pre-approval might be different from others - especially some bigger banks & credit unions. Let's face it, an experienced agent will give Seller's the "pros" and "cons" of each offer's pre-approval they receive.
You'll walk away with some "best practices" and ideas that could get your offer accepted over others.
Summer 2024 in Milwaukee is a bustling place and time! The real estate market isn't far off from that description over the last few months. The Republican National Convention was here and gone, Summerfest was a success, and State Fair is right around the corner.
In this episode John unpacks the current metro market but these "stats" might surprise you. Comparing June, 2023, sales statistics to June, 2024, brought some good new to the market but not all good news. Believe it or not, we might be in a Buyer's window. A "Buyer's window" I mean? YES! Now might actually be the time - probably only for a few months - when a savvy Buyer makes the move to purchase a home while inventory is up, interest rates slowly starting to move, but more importantly, other Buyers haven't figure out NOW might just be the time.
Much depends on what the Fed decides to do in the upcoming months, but consumer prices are still up, rent is up, gasoline is up, food is up...seems to be the story of the last few years in our economy. Buyers are getting squeezed by inflation and home prices aren't falling. However, some sellers are actively lowering their prices, which is good news for Buyers. Could this be a Buyer's window that only last for a few more months before many other Buyers begin flooding the market? Time will tell, but join John in the discussion to find out more.
Part Two of Two - Debunking The NAR Settlement Myths and Rumors.
Hopefully you had a chance to learn about how we got to where we are today in Episode 42, Part 1 of this 2 part series. If not, you might want to go back and listen to that one first.
Real estate agents have been licensed since the early 1900's. Since then, real estate agents have helped buyers and sellers navigate the complex world of buying or selling their homes or properties. In exchange, they have received compensation for their efforts. WHat has always made realtors different, however, is how they get paid.
The NAR settlement and lawsuits against real estate companies is not-so-simple, and is broken down by John Gscheidmeier in this episode. Tune in and listen to Part 2 and learn more about where the industry is headed after the dust settles - and it might not be as consumer friendly as the government thinks it will be.
Let's cut to the chase on what the National Association Of Realtors settlement is all about in this episode.
There are rumors and misunderstandings about what happened, what is happening, and what is about to happen. John will start by giving background on where this came from and what is really is, despite the media-driven rumors.
"NO more commissions!" is something we've heard from the media on this one and it simply isn't correct. Consumers have always had a choice in the compensation offered to buyers, their agents, and their own agents.
In part 1 of this 2-part series, you'll know everything you need to know about the settlement and what got us to where we are today. And yes, what John says might just surprise you.
Municipal assessments can be confusing.
Oftentimes homeowners will confuse their city, village or town assessment (in some other places county) with their actual market value. Those numbers can be very different - especially with accelerating home values the last few years.
Guest Sam Walker, City of Waukesha (Wisconsin) Assessor joins John for a deeper dive into what a city assessment is, how it is calculated, and how citizens can become more involved in the assessment process.
This is a podcast you will find interesting and will answer many of the questions you have regardless of where you live.
2023 will go down as one of the slowest years for real estate sales since 1993. But what happened, and what can sellers and buyers expect in 2024? John breaks down his thoughts in this end-of-year episode.
What does it take to complete the PERFECT real estate sale? How do all the pieces of this complex puzzle come together? Have you ever wondered what is really happening - the things your agent hasn't told you about? Tune in to hear all about the perfect sale and all the components that could go wrong but don't thanks to a great agent.
Administrative Assistant and Transaction Coordinator Monica Young joins the show to talk about all the details that go into the perfect sale, plus all the things that could - and sometimes do - go wrong. She stresses the importance of a good leader helping their clients (aka a great real estate agent) who can make, or break, a sale.
This is your July, 2023 Metro Milwaukee real estate market update for mid-summer sales.
Join John Gscheidmeier as he talks about how the market is performing in this extremely complex real estate environment.
Sales are down almost 25% from this time last year - but not to worry - we still are in a very strong market despite higher interest rates and increased concern over economic conditions. Is it still a good time to buy or sell? Is it time to prepare for selling later this year? All great questions answered in this episode.
Plus, John might make a guarantee or two in this podcast!
Given a choice, everyone prefers a discount.
We are a society that loves to cut coupons; we'll search endlessly for discount codes; we'll wait months to purchase an item knowing that there is a potential sale coming. Given an opportunity to take a discount, most of us will. But is that the best thing in real estate?
When leaving law enforcement to join real estate, John Gscheidmeier joined a discount provider. John quickly rose to the top of the firm as the sales leader with very little guidance & training. He saw the "ins and outs" of working inside a discount provider first-hand. He has a clear understanding of the 'pros' and 'cons' of using a discount provider to sell your home - and the things John discusses might surprise you.
Teachings and lessons in this episode include:
John breaks down his experience in working inside a discount real estate firm and how his experiences can help you make an informed decision when choosing a real estate professional.
The podcast currently has 45 episodes available.