Everyone's Talkin' Money Is It A Good Time To Buy Real Estate with Selling the Hamptons Star Bianca D'Alessio
In this episode of Everyone's Talkin' Money, I'm back with another fascinating topic: home buying in today's market and whether it's a good time to buy real estate. I was walking around my neighborhood this morning and was blown away by the number of people selling, buying, and remodeling houses. I was thinking there’s so much talk about high-interest rates and how expensive housing prices have gotten, but it doesn’t seem to be deterring anyone from going about their normal buying, selling, and remodeling home business. So then I thought, if you’re looking to buy your first home, is there ever a “right” time to buy? Lucky for us, Bianca D’Alessio, who is the Ranked #1 Real Estate Broker in New York and New York State and #14 in the Nation for 2022, manages a $10B real estate portfolio for Nest Seekers International and is the Star of Selling the Hamptons on Max(formerly known as HBO) is our guest.
You'll learn:
- How to pave your way to first-time home buying in this market
- How to be competitive when buying
- Why lenders are more concerned about your credit card debt than your student loan debt
- If the Airbnb market is really a bust
- Why staying in your home for 10+ years is probably the best investment you’ll ever make
- Oh, and we’ll also talk some dirt about Selling the Hamptons
Links
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Time Stamps
[00:00:23] Everyon's Talkin' Money podcast host welcomes all, discusses is it the right time to buy.
[00:04:09] Start with referrals, research, and interviews for your team.
[00:08:31] Negotiating: be creative, focus on clients' needs.
[00:11:38] Inflation concerns rise as prices increase.
[00:15:16] Interest rates impact affordability, 7% is healthy.
[00:18:31] Timing sales is crucial; now is buy.
[00:21:36] Consider family, liquidity, investment, business growth, ownership, technology, and global opportunities when buying real estate.
[00:25:47] Different lending options; pre-contract inspection for progress.
[00:28:46] Relative purchase price, overcoming objections for buying.
[00:33:41] Airbnb needs stability, owners must invest.
[00:36:29] Reality TV: Surprises, Drama, Real Estate, Acting
[00:41:21] Mindful money reminder: Buying a home.
Key Terms Mentioned:
Money, personal finance, happiness, therapy, home buying, first-time homebuying, selling the Hamptons, Airbnb, buying goals, how to sell your home, negotiation, real estate, personal financial goals, money goals, relationship with money
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