Dishin' Dirt on the Distressed Buyer- Math of Buying a House and Getting a Loan Today

12/01/22 • 32 min

Many consumers think that interest rates are at an all-time high and that buying a house is so much more expensive now than it was this summer. That would be incorrect. As of the first of December 2022 interest rates are lower now than in June and just slightly more than in April. But even if rates go up or are higher than this spring and summer, buying a house is vastly cheaper in most cases because of the end of the appraisal gap and multiple offers.
James Fleshman of Foundation Mortgage joins me on Dishin' Dirt to discuss the math of payments, interest rates, down-payments and appraisal gap and how it makes buying a house now so much better than this previous spring and summer.
LINKS FOR WEBINAR WITH KRISTA MASHORE ****NOW December 6***
https://us02web.zoom.us/j/86414140587?pwd=SHpRallQV2IzSVVFTHZLTjdWcnNnQT09
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Gary
* Gary serves on the South Carolina Real Estate Commission as a Commissioner. The opinions expressed herein are his opinions and are not necessarily the opinions of the SC Real Estate Commission. This podcast is not to be considered legal advice. Please consult an attorney in your area.

Don't forget to like us and share us!
Gary
* Gary serves on the South Carolina Real Estate Commission as a Commissioner. The opinions expressed herein are his opinions and are not necessarily the opinions of the SC Real Estate Commission. This podcast is not to be considered legal advice. Please consult an attorney in your area.

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Previous Episode

Dishin' Dirt on Distressed and Stressed Sellers -Pre-Foreclosure Issues

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Today I begin a multi-week series on the "Distressed and Stressed Buyer and Seller." This episode is going to tackle the issues a real estate agent faces when representing a Seller that is in the foreclosure process. Learn what you need to know to successfully represent a financially distressed Seller and how to evaluate when the listing can be successful versus a long shot or waste of your resources and time.
Listen as Blair Cato's Title Counsel, Erica Lybrand, brings her knowledge on foreclosure to Dishin' Dirt.
LINKS FOR SERVING NOT SELLING RETREAT

Register for November 18 Event in Columbia, SC
https://www.eventbrite.com/e/serving-not-selling-retreat-columbia-sc-tickets-428715498597
LINKS FOR WEBINAR WITH KRISTA MASHORE ****NOW December 6***
https://us02web.zoom.us/j/86414140587?pwd=SHpRallQV2IzSVVFTHZLTjdWcnNnQT09
Don't forget to like us and share us!
Gary
* Gary serves on the South Carolina Real Estate Commission as a Commissioner. The opinions expressed herein are his opinions and are not necessarily the opinions of the SC Real Estate Commission. This podcast is not to be considered legal advice. Please consult an attorney in your area.

Next Episode

Dishin' Dirt on Stressed Agents- Learning the NEW Central Carolina REALTORS Contract-Part 1

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As I continue my series of stressed and distressed parties, today I tackle the stress a real estate agent has in learning a new contract. On January 1, 2023 the Central Carolina REALTORS Association will begin using its' new and improved contract in the Midlands of South Carolina. Even if you mainly use the SCR State Contract you need to learn the CCRA contract as we are seeing more and more outside market contracts being presented everyday. In today's episode I cover the first two sections of the CCRA contract.
Don't forget to like us and share us!
Gary
* Gary serves on the South Carolina Real Estate Commission as a Commissioner. The opinions expressed herein are his opinions and are not necessarily the opinions of the SC Real Estate Commission. This podcast is not to be considered legal advice. Please consult an attorney in your area.