Avsnitt
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Recently, I decided to do a cash out refinance on two identical duplexes that I own that are located next to each other. A cash out refi is a great way to take advantage of the equity you have in a property without having to sell it, and that's exactly what I hoped to do. Get cash, keep the property, have rental income pay off the mortgage, and everyone goes home happy. Well, all seemed to be going smoothly until the appraisals came in, with one being dramatically different than the other, despite the properties being identical. Never in my career have I seen something quite like this, and it drove me crazy! So I dug into the two appraisals to figure out why they were so different, and after many twists and turns... well, you'll have to listen to find out what happened in this crazy story!
This episode is sponsored by Piper Insurance Group, who can help you with all your home, auto, and umbrella insurance needs. Contact them for a free quote at: (864) 350-9329 / [email protected] / https://piperinsurancegroup.com
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. -
Mortgage rates have soared nearly an entire percentage point the past few weeks and as a result, September 2024 yielded the first year-on-year decline in the median sales price in Greenville since March 2023. Why is this happening now, and does it mean we're entering a buyers market?
This episode is sponsored by Piper Insurance Group, who can help you with all your home, auto, and umbrella insurance needs. Contact them for a free quote at: (864) 350-9329 / [email protected] / https://piperinsurancegroup.com
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. -
Saknas det avsnitt?
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Negotiation is one of the most important aspects for a real estate transaction, and yet many people don't know their negotiation style or that of those they are negotiating with. In the old school of thought, it didn't matter what style the person across the table from you had - you simply negotiated aggressively with them and tried to win the negotiation at their expense. However, in recent years, negotiation tactics have shifted and are more focused on trying to achieve a situation where both parties feel like they have experienced a "win-win," rather than one party feeling like they lost to the other. But you can't do this if you have no knowledge of negotiating styles, so let's talk about the four types of negotiators, how they impact a real estate transaction, and where their strengths and weaknesses lie.
This episode is sponsored by Piper Insurance Group, who can help you with all your home, auto, and umbrella insurance needs. Contact them for a free quote at: (864) 350-9329 / [email protected] / https://piperinsurancegroup.com
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. -
"Listing agents don't do anything besides put the home on the multiple listing service," is a phrase I hear frequently from people. And while some listings require less work than others, every listing requires many hours of work, and some require literally *weeks* worth of work. So today I tell the story of my listing from this year that has had a little of everything - messed up contracts, "low" appraisals, FHA flip rule issues, issues with engineers reports, missing data plates, etc. I don't even have time to get into every single thing that happened in this transaction, but I'm confident you'll still enjoy my 30 minute rant about some of what happened and will have a better sense of the home selling process as a result.
This episode is sponsored by Piper Insurance Group, who can help you with all your home, auto, and umbrella insurance needs. Contact them for a free quote at: (864) 350-9329 / [email protected] / https://piperinsurancegroup.com
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. -
Homeowners insurance premiums have increased dramatically the past 4 years in the US, specifically in the Southeast region of the US, which, coincidentally, is where Greenville is located. Thankfully, SC hasn't suffered the worst of the premium increases when comparing to states like Florida, but with our state getting hit hard by Helene and the possibility of other storms hitting us this year before storm season has come and gone, we can expect insurance premiums to be on the rise in 2025. There's nothing we can do about that, but there are some practical steps you and I can take to ensure that when we insure our home, we aren't paying more than we need to.
This episode is sponsored by Piper Insurance Group, who can help you with all your home, auto, and umbrella insurance needs. Contact them for a free quote at: (864) 350-9329 / [email protected] / https://piperinsurancegroup.com
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. -
I may be on my fourth straight day without power, but that's not going to stop me from reporting from the front lines on the unbelievable and devastating damage caused by Hurricane Helene to the Greater Greenville Area and to Western NC. In this episode, I discuss how Greenville was hit by a 1/100 year weather event, what it means for me and those I know, and what it means for our local real estate market.
This episode is sponsored by Piper Insurance Group, who can help you with all your home, auto, and umbrella insurance needs. Contact them for a free quote at: (864) 350-9329 / [email protected] / https://piperinsurancegroup.com
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. -
Even though this podcast is all about Greenville real estate, still by far the main question I get from listeners and others is, "What are you seeing happening in the market?" Are buyers still active? Are sellers still getting top dollar? Have investors given up? Some of these we can answer with data, but data is dry and can only take us so far. So let's answer the question of what's happening with some real life scenarios and stories that I'm actually experiencing every day in the Greenville, SC real estate market!
This episode is sponsored by Piper Insurance Group, who can help you with all your home, auto, and umbrella insurance needs. Contact them for a free quote at: (864) 350-9329 / [email protected] / https://piperinsurancegroup.com
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. -
It's Fed week! And by the time most people watch/listen to this episode, we will already know whether the Fed decided to drop the Fed Funds Rate by 25 basis points or by 50 basis points. What impact will their decision have on the real estate market? And while we're talking about the impact of national politics on real estate, what about former President Trump or Vice President Harris? They have made multiple proposals for real estate that are also worth discussing to determine how much of an impact they will have and whether that impact might be good or bad for Greenville real estate. Usually our focus is on local real estate trends, but let's take a step back and look at the national trends and what they mean for the future of our housing market.
This episode is sponsored by Piper Insurance Group, who can help you with all your home, auto, and umbrella insurance needs. Contact them for a free quote at: (864) 350-9329 / [email protected] / https://piperinsurancegroup.com
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. -
The (10-year/2-year) yield curve has been inverted now for quite some time. Since 1955, every recession has been preceded by a similar yield curve inversion, but when the curve uninverts (as it did recently), does that mean things are getting better or worse? Headlines say better, economists say worse, but this is a Greenville real estate podcast. So let's just ask the question: are we going into a recession, and if so, what does that mean for Greenville real estate? It's not as obvious as you may think.
This episode is sponsored by Piper Insurance Group, who can help you with all your home, auto, and umbrella insurance needs. Contact them for a free quote at: (864) 350-9329 / [email protected] / https://piperinsurancegroup.com
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. -
Greenville hit an all time high for prices in July, but housing affordability still improved. Why? Because mortgage rates have moderated and are (as of this recording in late August, 2024) sitting at 6.37%, way down from their 8.03% peak in October. Long story short, sellers are getting high prices and still fairly favorable selling conditions while buyers are seeing greater affordability on monthly costs and more supply than has been accessible in years. So here's an update on where things stand in the Greater Greenville area and where I see them going in future months.
This episode is sponsored by Piper Insurance Group, who can help you with all your home, auto, and umbrella insurance needs. Contact them for a free quote at: (864) 350-9329 / [email protected] / https://piperinsurancegroup.com
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. -
In 2021 we saw record high real estate demand coupled with record low supply. Those dynamics aren't the case anymore in 2024, but how much has the market flipped? Let's compare the 2021 numbers to 2024 to get a sense of where things are at.
This episode is sponsored by Piper Insurance Group, who can help you with all your home, auto, and umbrella insurance needs. Contact them for a free quote at: (864) 350-9329 / [email protected] / https://piperinsurancegroup.com
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. -
Unexpectedly, many real estate firms this past week, including my own real estate brokerage, rolled out new policies for listings that fully decouple buyer agent commissions from listing agent commissions. The result? Well, beyond it being a confusing new system to navigate that now means a lot more back and forth between agents, some real estate sellers may end up paying fewer commissions than they have in the past. So will this mean sellers will list their homes for cheaper, making it better for buyers too? Unlikely, but let's unpack what all this means and what I am seeing firsthand the week after the most drastic changes the real estate world has seen in decades were implemented.
This episode is sponsored by Piper Insurance Group, who can help you with all your home, auto, and umbrella insurance needs. Contact them for a free quote at: (864) 350-9329 / [email protected] / https://piperinsurancegroup.com
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. -
Several months ago, it was announced by the National Association of Realtors that, in light of several antitrust lawsuits that were being waged against the NAR and other real estate organizations, major changes were coming to the real estate industry. And chief among those changes were changes to how realtors, specifically buyers agents, would be compensated. We discussed these changes on this podcast at the time they were first announced, but now (this week!) those changes are finally being implemented, and it's time to revisit them and what they mean for realtors and real estate buyers and sellers.
This episode is sponsored by Piper Insurance Group, who can help you with all your home, auto, and umbrella insurance needs. Contact them for a free quote at: (864) 350-9329 / [email protected] / https://piperinsurancegroup.com
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. -
"You cannot fool the real estate market" is a phrase I love to use, because many home sellers seem to think that overpricing a listing is the best strategy to use when selling a home. But homebuyers aren't stupid, and they will identify an overpriced home quickly and simply ignore it, with the end result usually ending up worse for the seller than it would've been had they simply priced it right to begin with. Don't believe me? Well, I have data on my side, and I'm ready to share it.
This episode is sponsored by Piper Insurance Group, who can help you with all your home, auto, and umbrella insurance needs. Contact them for a free quote at: (864) 350-9329 / [email protected] / https://piperinsurancegroup.com
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. -
We talk a lot about how the real estate market has shifted and what that means for buyers and sellers, but how does that actually impact your strategy for buying or selling real estate? Let's discuss five points for buyers and five points for sellers for how to educate themselves, strategize, and maximize their opportunities in an ever-evolving real estate market.
This episode is sponsored by Piper Insurance Group, who can help you with all your home, auto, and umbrella insurance needs. Contact them for a free quote at: (864) 350-9329 / [email protected] / https://piperinsurancegroup.com
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. -
Looking at the data we now have for Greenville through June 2024, there are increasing signs of weakening demand coupled with increasingly growing supply. In fact, we are seeing record new listings coming on the market all the while the average price of a home in Greenville has soared above $400,000 for the first time ever. What does all this mean, and how does it compare to Greenville's traditional, seasonal trends? Lots to talk about as we scour the market stats for the Greater Greenville Area.
This episode is sponsored by Piper Insurance Group, who can help you with all your home, auto, and umbrella insurance needs. Contact them for a free quote at: (864) 350-9329 / [email protected] / https://piperinsurancegroup.com
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. -
A lot of headlines right now are focused on homes losing value from their 2021 peak, but the headlines are national, and we need to assess what's happening specifically in Greenville. Thankfully, we have a simple way of doing this - we can look at all homes sold twice or more since 2021, evaluate the spread between the first sold price and the second one, and then run some basic formulas to determine whether homes are losing or gaining equity in this shifting market (with some help from ChatGPT).
Long story short: Greenville homeowners by and large are doing just fine.
This episode is sponsored by Piper Insurance Group, who can help you with all your home, auto, and umbrella insurance needs. Contact them for a free quote at: (864) 350-9329 / [email protected] / https://piperinsurancegroup.com
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. -
At the end of 2023 into the beginning of 2024, I did a "bold predictions" episode where I discussed what I thought would happen to the Greenville real estate market in 2024. Well, now that half the year is over, it's time to do a preliminary review of the predictions to see how well they're doing. So let's go through all 10 of my 2024 bold predictions and compare them to the most up-to-date data to see whether I am the Nostradamus of Greenville real estate or if I need to make sure I don't quit my day job as a realtor to become a real estate prophet.
This episode is sponsored by Piper Insurance Group, who can help you with all your home, auto, and umbrella insurance needs. Contact them for a free quote at: (864) 350-9329 / [email protected] / https://piperinsurancegroup.com
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. -
Election years always have a weird impact on real estate, and that's never been more true than this year. Not only are the Presidential elections impacting real estate (a well-known phenomenon that happens every four years), but in Greenville, more than ever, state and local races are proving to be hugely influential in things like development, infrastructure, etc. Long story short, we are entering a new era of Greenville and Spartanburg voters backing politicians who are more focused on conservative virtue signaling than on improving our state and county. It's not all doom and gloom - much of what is going to happen the next few years is already set in motion, and Greenville County and the SC as a whole will continue to remain great places to live - but don't expect elected officials in the upcoming years to have effective solutions for fixing infrastructure issues, improving housing affordability, etc. any time soon, particularly if the "penny sales tax" doesn't get a majority vote in November.
This episode is sponsored by Piper Insurance Group, who can help you with all your home, auto, and umbrella insurance needs. Contact them for a free quote at: (864) 350-9329 / [email protected] / https://piperinsurancegroup.com
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. -
As we look at the Greater Greenville Association of REALTORS market stats, a theme emerges: supply is increasing faster than demand, resulting in a softening market. Does that mean it's a buyers market? Not yet, but we may be closer than people realize to it *feeling* like a buyers market, even with prices as high as they remain.
This episode is sponsored by Piper Insurance Group, who can help you with all your home, auto, and umbrella insurance needs. Contact them for a free quote at: (864) 350-9329 / [email protected] / https://piperinsurancegroup.com
As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected]. - Visa fler
