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
Get More Deals Done with The BiggerPockets Investing Tools
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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914: Deals We’re Doing: Rob’s Pink Pickle and How David Made $500K on ONE House914:
913: 150+ Deals in 3 Years and Why You DON’T Want to Be a Landlord w/Don'nell Greer
912: Seeing Greene: Paying Off Rentals, Partnerships Splits, & Using Home Equity
911: The “Value-Add” Playbook: How to Boost Equity and Bring in MORE Cash Flow
910: Zillow’s “Trends Expert” on How to Sell Your Home Faster (and For More!) w/Amanda Pendleton
909: 6 Expert Tips for Out-of-State Real Estate Investing
908: $400,000/Year From One Unique Rental Property w/Amanda and David Fornelli
907: Seeing Greene: $100K In Equity But NO Cash Flow, Should I Sell?
906: How to Become a Millionaire Through Real Estate Investing (Beginners!)
905: Fannie Mae: Multifamily Is STILL Undersupplied, Rent Growth Likely w/Kim Betancourt
904: Does the BRRRR Method Still Work in 2024?
903: 120 Rentals in 3 Years by Buying Multifamily During a BAD Market w/Brian Adamson
902: Seeing Greene: Investing WITHOUT Burning Out and What We’d Do With $1M
901: The 6 Beginner Steps to Take Before Investing in Real Estate
900: The Truth About Real Estate Investing in 2024 (What Investors NEED to Know) w/Brian Burke, J Scott, and Scott Trench
899: The Renovations That’ll Instantly Increase Your Home Value (Part 2) w/James Dainard and Jessie Rodriguez
898: Making $175K in Instant Equity on Her First Real Estate Deal w/Lacey Russell and Sam Haack
897: Seeing Greene: Generational Wealth 101 and Getting Started in a Tough Market
896: The Renovations That’ll Instantly Increase Your Home Value (Part 1) w/James Dainard and Jessie Rodriguez
895: BiggerNews: How Climate is Exploding Insurance, Building, and Investing Costs w/Natalie Ambrosio Preudhomme
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