Hello, and welcome to Real Estate Reality Radio. The most important hour of radio every Friday from 9 to 10 on WBCB 1490 am. Thank you for joining us. For those of you who are new to the show I have spent the last 40 years in the real estate industry both as a realtor and a mortgage banker.
The show is dedicated to dispelling the myths associated with Real Estate and finance in your marketplace.
Within every market there are obstacles and solutions on the path to tremendous opportunities. I believe that most people are looking for practical advice. Please feel free to call 215-740-8999 or visit peterbuchsbaum.com.
Please join us live on the web at www.wbcb1490.com or on your FREE app Tune In Radio from 9:00am to 10:00 am every Friday.
So last week we were on our own wrestling with another week without government.
This week in the market the news was dominated by you guessed it. The government shutdown, the impending debt ceiling crisis and the reopening of the government. There was some interesting real estate news articles scattered among the finger pointing articles. The first was ditching your broker to “do it yourself”. That’s right the FISBO approach to selling your home. According to several for sale by owner sites they have seen a spike in 14% range over the past year. The question is do you price in the savings? The second article was about the early bird gets the worm. With a limited number of homes available the first one in gets the house is the new normal. According to the National Association of Realtors in some areas the inventory levels are down up to 29% compared to 2012.
Today Eddie and I are on our own wrestling with the impact the government shutdown and subsequent re-opening has on the local real estate market.
Please join us live at www.wbcb1490.com for the open discussion about how mold affects your health and the value of your home.
In combination with CBS and WPHT 1210 am we have also been fortunate enough to have been asked to write some articles in “Local Living Magazine” to explore some of the questions you all ask us and the answers we provide. Look for your latest issue this month. For a FREE subscription please email us.
Each week we discuss the myths of the mortgage market. It is not about rate. A higher rate with no mortgage insurance may provide a lower payment.