BiggerPockets Real Estate Podcast
Business:Investing
The 2023 housing market may be the “toughest real estate market” we’ve ever experienced. But, after this episode, we bet your home offer will get accepted, even during a wild seller’s market, even if you’re not offering the highest bid, and EVEN if this is your first time buying a home. While you may THINK that sellers always choose the “highest and best” offer that comes their way, we have a few experts to prove that that’s rarely the case and how you can win even in an impossible housing market.
First-time home buyers and veteran investors alike are feeling the sting from this never-ending sellers market. There are still more buyers than sellers, and bidding wars have come back into fashion. Thankfully, a few quick tips from today’s expert agent, Lindsey Iskierka, and David Greene’s own mortgage broker, Christian Bachelder, can help you win the home you love or your next cash-flowing, equity-boosting investment property.
We’ll walk through the five steps ANYONE (yes, even you) can take to put yourself in the BEST position to make a bid on a property, how your lender can ensure you DON’T get squeezed into paying more, and the biggest mistake new home buyers make that are costing them their dream home. Stick around because once you put these tips into practice, you could have too many accepted offers on your hands.
In This Episode We Cover:
How to get your home offer accepted in 2023, EVEN if you’re not the highest bidder
Pre-qualification vs. pre-approval and why you CAN’T mistake the two
Why you MUST call your lender before putting in ANY property offer (save THOUSANDS)
The “rate stack” that could lead to a lower mortgage rate or a credit to closing costs
The powerful negotiation tool that could land you tens of thousands at closing
One common “hiccup” you MUST avoid when closing on your next property
And So Much More!
Links from the Show
Find an Agent
Find a Lender
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Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
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Find a BiggerPockets Real Estate Meetup in Your Area
Davids's BiggerPockets Profile
David's Instagram
Subscribe to David’s YouTube Channel
BiggerPockets Podcast 805: 2 “Cash Flow” Housing Markets That Are On Track for Big Growth
BiggerPockets Podcast 817: 2 “Slam Dunk” Small Multifamily Deals in 2023 (and Where to Find Them)
Watch “Mortgage Mondays” with Christian and David
Book Mentioned in the Show
Long-Distance Real Estate Investing by David Greene
Connect with Lindsey:
Lindsey's BiggerPockets Profile
Lindsey's Email
Lindsey's Instagram
Connect with Christian:
Christian's BiggerPockets Profile
Christian's Instagram
Christian's Website
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-826
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828: Seeing Greene: How Long to Hold On to a BAD Rental Property
827: From $16/Hour Factory Wages to SIX-FIGURE Real Estate Paychecks w/Keith Everett
825: Seeing Greene: Early Retirement, Private Lending, & The $10,000 “Guru” Trap
824: Bankruptcy to Financial Freedom by Following the “No B.S.” Real Estate Rules w/Jason Lewis
823: The Tax-Free Strategy Only Real Estate Investors Can Access w/Mitchell Baldridge
822: Seeing Greene: The 10-Year Real Estate Retirement Plan (Use Home Equity!)
How to Buy Your FIRST Rental by The End of THIS Year (Step-by-Step Plan)
821: From Making $48K/Year to Millionaire By His Mid-30s w/Ryan Tseko
820: The Late Starter’s Guide to Retirement with Real Estate (40s, 50s, or 60s!) w/Kim Woolf Bosler and Kyle Mast
819: What Caused 2023’s WILD Insurance Market (and When Prices Could Fall) w/Robert J. Hamilton
818: From 16-Year-Old Skater to Investing in “Cash Machine” Kmart Conversions w/Mikey Taylor
817: 2 “Slam Dunk” Small Multifamily Deals in 2023 (and Where to Find Them) w/Dan Nelson and Jodi Gauthier
816: Seeing Greene: How to Invest with $20K and “Luxury” House Hacking
815: $10K/Month at 25 Years Old by Buying $100K Properties w/Soli Cayetano
814: BiggerNews: Home Prices to Stall as “Deflation” Concerns Pop Up
813: Seeing Greene: The Real Estate “Red Pill” That Made Me $400K/Year w/Dana Bull
812: 17 Properties in 3 Years Thanks to “Non-Stop Rejection” w/Jason Lee
811: 3 Real Estate Tools That'll Save You DOZENS of Hours
810: Tom Brady’s Coach: You DON’T Need to Be the Best to Get the Best Results w/Greg Harden
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