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
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
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
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
889: How to Build Generational Wealth Without Losing it Along the Way w/Whitney Elkins-Hutten
888: 25 Properties at 27 Years Old by Building His Own Rentals w/Donovan Adesoro
887: Seeing Greene: Your Last Chance Before the House-Buying “Tsunami” Hits?
886: How to Choose a Real Estate Investing Market (Step-by-Step)
885: BiggerNews: America's Path to "Renter Nation" as Prices Rise, Rates Stay Put w/J Scott
884: How to Use "Hard Money" to Flip Houses, BRRRR, or Buy More Deals w/Will Heaton
883: From Homeless at 17 to Solving the Affordable Housing Crisis for a Profit w/Terrica Lynn Smith
882: Seeing Greene: How Do I Start Investing When There’s NO Cash Flow?
881: How to Use Home Equity, 401(k)s, or IRAs to Invest in Real Estate w/Kyle Mast
880: How to Get a Home Loan as a House Hacker, Investor, or First-Time Homebuyer w/David Mackin
879: How to Buy a House in 2024
878: The Low-Risk “Micro-Flips” ANY Beginner Investor Should Try w/Antoine Martel
877: Seeing Greene: DON’T Pay Off Your HELOC Until You Hear This...
876: Huge Opportunity for New Multifamily Investors As Prices Set to Drop w/Brian Burke and Matt Faircloth
875: BiggerNews: Top “Snowbird” Rental Markets with Year-Round Cash Flow w/Kristen Taylor
874: How to Invest in Real Estate in 2024 (Step-by-Step)
873: Replacing Her HUGE W2 Salary in Just 3 Years w/ "Negative" Equity Rentals w/Kate Lynch
872: How to Turn Your Primary Residence into a Rental Property
871: BiggerNews: Why the Crash Predictors Are Wrong About a Foreclosure “Crisis” w/Rick Sharga
870: The Real Estate “Strategy” ANYONE Can Use to Build Wealth in 2024
Create your
podcast in
minutes
It is Free
The Business Of
TED Talks Daily
Radiolab
StarTalk Radio
The Inforium
Entrepreneurial Thought Leaders (ETL)