Shows
The Double Comma ClubPPI Numbers Explained: Is Inflation Finally Slowing Down?The cost of borrowing of a business, borrowing funds is still going up trying to slow down the spending that Americans and businesses are doing to inflict pain, right? We talked about this, that the Fed is trying to inflict pain. The Fed is trying to slow the roll to just slow down demand, slow down buying and allow supply chains to catch back up again.
The cost of everything is just not going to drop like a rock, but it's going to slowly get there where the cost of the things that we experience at the...2022-11-1613 min
The Double Comma ClubCan I Buy Down My Interest Rate?Seller Concessions and Rate Buydown Explained
Let's walk through how you can actually buy down your interest rate! You can save hundreds, if not thousands of dollars by buying down your interest rate. But, there are some limitations to how much seller concessions you can receive, based on your loan and down payment. Let's also walk through the numbers of buying down your interest rate.
Today we're talking about a permanent buy down or really even any kind of seller concession and a limitation on the amount that you can get in order to buy that rate...2022-11-1104 min
The Double Comma ClubFirst-Time Homebuyer Advantages in Today’s MarketWhat does a first time home buyer today have that they haven't had for the last two years and might not have next year? The benefits of being a first-time homebuyer in today's real estate market are PLENTIFUL. In this episode I talk about some first-time homebuyer loan programs and opportunities to take advantage of... including getting a lower interest rate! Buyers today can still get a great deal!
Let's go through the loan programs first, then the opportunities.
Veterans you have by far, the best loan program on the planet, the VA loan with...2022-11-0923 min
The Double Comma ClubHousing Today Comes Down to These ThingsAs we continue to see FED rate increases to slow the economy, we are starting to feel the fear, and it all comes with a price. The price is fear, instability, and job loss. Which in turn creates volatility as markets react to economic reports without the stabilization of a Federal Reserve buying mortgaged-backed securities and treasuries. But, I want to break housing down into four buckets this month: supply, demand, affordability, and credit availability.
The housing sector is strong, well-funded and able to withstand short-term volatility. While critics continue to generate fear around instability, crisis, bubbles...2022-11-0411 min
The Double Comma ClubEight Home Buying MythsNicole has had a lot of conversations with first-time home buyers making assumptions that aren't correct. So that's what we're talking about today. She is busting eight home-buying myths. Nicole goes through the myth, misplaced logic, and the truth about home buying. There are a couple of them that may really surprise you about being debt-free before you buy, and shopping for the lowest rate to determine your lender. Listen to this episode of The Double Comma Club, "Eight Home Buying Myths."
1. You must put 20% down to buy a home.
2. It's cheaper to rent than...2022-11-0220 min
The Double Comma ClubWhat Are Seller Concessions?what is a seller concession? I mean, that's kinda like a dinosaur these days. I haven't seen one of those in several years. So a seller concession is when they agree to provide funds that support the buyer during the transaction. You can bump into a seller concession several times throughout the transaction. Usually, it's in the beginning. A buyer might use a negotiating tactic that says, I'll pay full price, but I'm gonna ask the seller to pay for all of my closing costs and my prepaids allowing me to come to the table with less cash down...2022-10-2805 min
The Double Comma ClubDiscussing the Current Real Estate Market LandscapeThe Froth is Off The Top from the recent history of waking up one day and saying, "You know what I would like to have, I would like to have a backyard with a water feature. There's one down the street, so I'm gonna go buy that one."
It depends on who you are and what your goals are and what your finances look like. And that's always the case. I mean, there was in 2021, it wasn't the right time for some people to buy. They just couldn't compete. And so it's really, right now, if you still have...2022-10-2623 min
The Double Comma ClubFocus On the Payment, Our Economy Works In CyclesI want to talk about interest. I want to make this all about what's going on with the fear around interest rates. When are they going to come back down? That's a huge question right now, and I'm bringing it up because I'm getting asked that a lot.
I was on a Market Trends committee meeting yesterday with DMAR and that also became a debate, whether it was going to be eight months or 24 months from now before we see some sort of drop in interest rates. We have experts on Housing Wire and on Fannie Mae...2022-10-1914 min
The Double Comma Club3 Ways to Get Rid of Your Mortgage InsuranceListen to this 4-minute episode with 3 quick tips on how to get rid of your mortgage insurance. It depends on the type of loan, and the current value of your home. But this episode is filled with good news in "3 Ways to Get Rid of Your Mortgage Insurance."
1. Call your servicer to talk about what you just heard in this epsiode.
2. If you can't reach them, reach out to Nicole Rueth at The Rueth Team
303-214-6393 nrueth@theruethteam.com
2022-10-1404 min
The Double Comma ClubUsing Current Market Volatility To Your AdvantageSo you finally got in, but the rate is five, five and a half, six, seven. The down payment assistance is seven, seven and a half. And all of a sudden, it doesn't seem fair, but it's still locked in, right? It's still your mortgage payment that you can count on that isn't going to go up any further. And if anything go down because interest rates will go down. But when, so housing, it's a lock against inflation.
It's a fixed mortgage payment.
It's huge tax benefits.
It's income opportunities.
I can rent out a room...2022-10-1223 min
The Double Comma ClubInterest Rates are Below 5% AgainAfter July's momentary celebration of 5% interest rates, August ended the month at six, then September just finished having crossed 7%. Only a few months ago, six and a quarter seemed like the absolute ceiling as the US continued its strong stance against the slowing global economy, but that didn't last. We saw European economies bear the brunt of Russia's war on Ukraine. Japan struggling with lower global demand for its manufactured goods and China's economic troubles thanks to its zero Covid policy. All of these strengthen the dollar while creating credible volatility for our mortgage bonds. The fight here in...2022-10-0708 min
The Double Comma ClubWhy a Real Estate Slowdown Is Not a LossThe Denver Real Estate Market is still up in price growth. In September, we saw a year-to-date price growth of 12.8%. I get this isn't the 21% increase Y.O.Y we saw in March, but IT IS STILL UP. We have to recognize that a real estate market slowdown does not mean a loss in value, it just means a shift in perspective. In this episode we take a look at the Denver Real Estate Market price growth and what it means for buyers and sellers.
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Nicole Rueth
The Rueth Team
Powered by OneTrust Home...2022-10-0518 min
The Double Comma ClubShould I build a home instead of buying a home?Just because you want a different house doesn't mean you have to wait for the perfect deal in the perfect area to become available. You can, instead, create the home of your dreams, even if it's your first home, a starter home that you will sell later. You can build a home instead of waiting.
With home prices climbing and very limited inventory on the market, it may be more difficult to find your perfect home. So, why not just build it? The Rueth Team has new Land and Construction Loans so you can skip the house...2022-09-2902 min
The Double Comma ClubHow Does the Global Market Movement Influence the US Real Estate Market?So while we were sleeping, we were seeing the European bonds were selling off, which we opened up Monday morning to this bond selloff here in the United States, dropping the bond prices and raising our interest rates.
Powell was just in Switzerland trying to speak to the Switzerland bank and convince them that he's got everything under control. I'm gonna debate that right now. I think they were a little late to the party.
It's starting to become habitual that he's not really forecasting what's happening because he's looking at metrics that are passed...2022-09-2821 min
The Double Comma ClubCan the Recession Just Get Here?Are we in a recession?
Can the recession just get here?! We have been talking about the looming recession long enough, and I'm ready for it to happen so we can just move on!
It seems like the more we continue talking about a recession, the scarier it gets for consumers! Unfortunately, we still aren't there yet. We know that it's coming as the FED continues to take big action to control inflation and stop consumer spending. BUT HOW MUCH LONGER?
BONUS #SHORTS
What's My Interest Rate?
The question Nicole is a...2022-09-2204 min
The Double Comma ClubFour Reasons Real Estate Just Picked Up AgainWhat is happening with interest rates? Realtors' businesses are picking up steam, even though we know rates are ticking up. The 10-yr Treasury just hit a high since 2011 (3.51%), and Sweden just raised their bank rate by 100BPS last night! As the FED gears up to meet again and controlling inflation remains top of mind, they've got a .75-1% FED rate increase on the table. We know the recession is coming, and the FED is trying to fast-track it so that consumers will finally stop spending!
But if realtors are seeing a pick-up and are anticipating a solid...2022-09-2116 min
The Double Comma ClubWhat Are Your Responsibilities as a Co-Signer on a Mortgage?Co-Signing can be an excellent option for increasing borrower qualifications and eligibility. But, it's also a big commitment that shouldn't be entered into without full knowledge of the responsibilities. Here's a breakdown of the responsibilities a co-signer carries and how a co-signer can later be removed from a loan.
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Nicole Rueth
The Rueth Team Powered by OneTrust Home Loans
750 W Hampden Avenue, Suite 500
Englewood, CO 80110
303-214-6393 www.TheRuethTeam.com
Connect on social media:
Follow me on FB: https://www.facebook.com/theruethteam/
Twitter: https://twitter...2022-09-1504 min
The Double Comma ClubConforming Home Loan Limit Increasing to $715,000There's good news for homebuyers! I understand that affordability is being put to the test. We just saw a 44% increase in prices and a 3% increase in interest rates. We also just saw the new conforming loan limit increase to $715,000! This is HUGE! The current conforming loan limit is $647,200, meaning those homebuyers that might not qualify for a jumbo loan or need a quicker close now have the means to make it happen! Much more of the market now falls within this conforming loan limit.
Along with the good news, there is some bad news. Inventory is decreasing. But let's...2022-09-1413 min
The Double Comma ClubDMAR Sept 2022 Homeowners Have the UpperhandHistorically the best forecasters have been able to consistently recognize that we are in a recession. Once we are actually in one to preemptively determine its onset has riddled economists for decades. Yet, an AR is Lawrence soon called a recession in August when he said, "In terms of economic impact, we are surely in a housing recession."
A recession is defined by Oxford is a period of temporary economic decline during which trade and industrial activity are reduced. This is generally defined by a fall in GDP for two consecutive quarters. This definition has then been...2022-09-0708 min
The Double Comma ClubIs Home Affordability Gone?We just experienced a HOT real estate market that left homebuyers who couldn't afford to pay $50,000 - $100,000 over the asking price with little chance of getting into a home.
While home prices and interest rates seemed to skyrocket, home affordability was challenged, pushing many prospective buyers out of the market. But does that still hold true today? Is home affordability gone? Can you save money and try to purchase a home?
Nicole Rueth, SVP
The Rueth Team Powered by OneTrust Home Loans
750 W Hampden Avenue, Suite 500
Englewood, CO 80110
303-214-6393
www.TheRuethTeam.com
Connect on social...2022-09-0102 min
The Double Comma Club4 Shorts Foreclosures, Appraisals, Pre-Qual, Pre-ApprovedWhat is the difference between Pre Qualified and Pre Approved? #shorts
Foreclosures are up 150%! Okay, they are but let’s take a step back.
They’re up 150% from 1 year ago when there was a FORECLOSURE MORATORIUM you couldn’t even do one! They are shooting up from extremely low lows, and many are still working their way through the system from pre-pandemic! This IS NOT a cause for panic nor a sign of a housing crisis.
All hope is not lost if your appraisal comes in low!
You or your realtor can do a Reconsideration of Val...2022-08-2604 min
The Double Comma ClubInvesting in Real Estate in the Denver MarketInvesting in the Denver Real Estate Market TODAY. Nicole chatted with realtor, friend and fellow investor Christie Metoyer of Live.Laugh.Denver Real Estate and Rent today about purchasing her 3rd investment property and how real estate investing has changed her life! She says what blows most first time homebuyers away is the fact you do not need 20% down to buy a home in this market. Listen to more reveals in this episode. You can also catch the video version here - while you're there, subscribe to The Rueth Team's YouTube channel. https://www.youtube.com/watch?v=ityXriu79...2022-08-2415 min
The Double Comma ClubWhy Would You Buy Real Estate Today?Real estate is a long-term game. Nicole says it time and time again... it's not about money, it's about options. Investing in real estate opens up doors and options down the road that can lead to stability and financial success.
While it may seem like a shot in the dark, real estate always goes up. The sooner you can capitalize on the benefits real estate gives you TODAY, the sooner you can build multi-generational wealth. In this episode Nicole compares her experience when she got started investing in real estate in 2009's market with today's. She'll tell...2022-08-1718 min
The Double Comma ClubIs it Boom or Gloom for the Housing Market?What's Next for the Housing Market? Is it BOOM OR GLOOM?
We've experienced an incredibly volatile housing market over the last two years. It was full of huge equity gains, rising home prices, and little inventory. So, what's next for the housing market?!
Is the housing market going to crash? Will we enter into a recession? What happens to housing in a recession? Is now still a good time to buy a home?
I hope this episode answers a lot of your questions and will help show you that the housing market is still strong!2022-08-1005 min
The Double Comma ClubDMAR August 2022 Recession Red Flags Have Been DrawnA recession is always coming, it’s just a matter of time. It’s purely the nature of a cyclical economy. “Are we in a recession” searches continue to hit record levels on Google, and talk of a housing recession has some counting on the bubble to burst. With more inventory and all other numbers lower across the board, it’s starting to look like a recession, or, maybe it’s just the slowdown we’ve all been hoping for.
A recession does not equal a housing bubble. While there will be layoffs, slowed production, and a softening in cons...2022-08-0910 min
The Double Comma ClubHow Does an Appraisal Work, and Do I Need One?Another question in this episode is, "What if there's a grow house in the garage?" The guidelines for appraisals vary depending on who the lender is, whether it's Fannie, Freddie, VA, FHA, or Conventional. Nicole's guest is Paul Cress, AVP of Staff Appraisal Operations for Frisco Lender Services (FLS).
Nicole asked him, "So what brings that volatility, and what eases it overall?"
Paul told her, "Lately the reason it's eased is that interest rates have dropped, demand. It's simple supply and demand. Realistically, over the past three years, property values have risen more than they...2022-08-0320 min
The Double Comma ClubThree Steps to De-stress the Home Buying Process1. Lock and Shop
This is where you can hold the rate for 90 days, with the option to extend it for 30 more while you are under contract. If rates go up, you are locked in, if they go down, we can renegotiate the rate.
2. TBD Underwrite
This goes hand in hand with Lock and Shop. We gather all of your information, submit it to an underwriter, and then you can be fully underwritten and are viewed as being the same as a cash offer. Some of these transactions are closed in 8-10 days.
3. Knowing Your Needs v...2022-07-3004 min
The Double Comma ClubWhere is the market heading and what does it mean for homebuyers?We are still seeing a lot of market volatility and with the FED meeting this week, everyone is praying that they will just control inflation! But, interest rates DROPPED. There is a window of opportunity to take advantage of as a homebuyer, and we have a program that can help you lock in at these lower rates!
While you're at it, look at gas prices and go fill up, TODAY!
Nicole Rueth, SVP
The Rueth Team
750 W Hampden Avenue, Suite 500
Englewood, CO 80110
303-214-6393
www.TheRuethTeam.com
Connect on social media:
Follow me on F...2022-07-2717 min
The Double Comma ClubWhat to Tell Clients About Today’s Housing MarketIn a tough market flooded with negative headlines, it can be an uphill battle trying to convince clients that now is still a good time to buy!
The truth is that we don't know when a recession will happen, or what the extent will be? How much further interest rates will rise? When they will fall? How much will they fall? The list goes on and on. And it's scary, I get that. The unknown always is. But here's what we do know:
Housing goes up in the long term
There are refinance opportunities when rates c...2022-07-2025 min
The Double Comma ClubA Higher Interest Rate Can Save You MoneyI know higher interest rates are stressing affordability and pushing buyers to sit on the fence. But, what if I told you that a higher rate could actually SAVE CLIENTS' MONEY? You'd probably think it's a trick! But it's not, it's perspective.
You are marrying the house,
but you are dating the rates.
*CORRECTION... The comparison rate used in my calculation from March of 2021 with the $675,000 loan amount was 4.625% not 4.25%. My apologies for my error; but my position on perspective stands.
Nicole Rueth, SVP
The Rueth Team
750 W Hampden Avenue, Suite 500
Englewood, CO 80110
303-214-63...2022-07-1404 min
The Double Comma ClubIs the FED Hurting Housing?Fed Chair Powell stated the Fed is creating a "bridge period" of "demand exhaustion". This is being interpreted as the Federal Reserve is killing the housing market. I get it. But what I see is first-time home buyers getting the reset, the break they've been needing and asking for. Plus, with the housing market as strong as it is... it's hard to justify a bust coming. I guess it's all how you look at it.
Please know: The Fed Rate and mortgage rate are not sisters, but they are cousins.
This is what's been happening with the gree...2022-07-1321 min
The Double Comma ClubDMAR July 2022 - Inventory is double but it is not enoughInventory exceeded demand in June for the first time since the same month in 2020. Spiking 94% year-over-year and 66% month-over-month. Price reductions, according to Redfin, increased to 40% of homes on the market in Denver. If the story ended there, it might concern me. Sellers flooding the market giving homes away at discounted prices. But the story is much different than that. June ended the first half of a transitional 2022 and it did so with a bang. Cryptocurrency is down 60%; the stock market had its worst first half of a year since 1970, inflation hit a 41-year high and housing.. well, so far this...2022-07-0809 min
The Double Comma ClubWhat are three ways to get into the housing market, today?There's so much strength and opportunity in our housing market today, but many buyers are still struggling to get in. Home prices are going up, along with rents, and interest rates remain in flux. But, you can't time the market! Purchasing a home is a big commitment, but buyers have to be able to see the long-term benefits that come with home ownership. Three ways YOU can get into the market TODAY are: 1) Down Payment Assistance 2) Gifts 3) Renovation Loans.
If you are looking for a property in Denver Metro to renovate, we have a few for you...2022-07-0621 min
The Double Comma ClubThis is an opportunity - Interest rates are down today - it’s GO TIME!🔥🔥🔥 Rates Down, Inventory Up, Holiday Weekend... GO TIME! The 10-year treasury surprised me this morning.
Listen to this and you will have 5 options of how to take advantage of the sudden drop in interest before the wave goes back up.
Call Nicole Rueth ASAP to take advantage. She's here all day because SHE LOVES these opportunities.
Nicole Rueth, SVP
The Rueth Team
750 W Hampden Avenue, Suite 500
Englewood, CO 80110
303-214-6393
www.TheRuethTeam.com
Connect on social media:
Follow me on FB: https://www.facebook.com/theruethteam/
Twitter: https://twitter.com/nicolerueth
Linkedin: https://www.linkedin...2022-07-0414 min
The Double Comma ClubHow Does a 2-1 Buy-Down Work?This is a really detailed episode about a new interactive software tool. Nicole explains here. At the end of this post you will have a link for the interactive view of this tool she discusses. Here's a bit of what is covered in this episode.
Interest rates and home prices have gone up. We know that. And not only is it a question of affordability, but now it's also a buyer's discernment on whether or not that home or buying now is the right choice. Sellers are feeling this. They've been on the market for longer than...2022-06-3013 min
The Double Comma ClubBuying a Home Today - Why I Shouldn’t RentNow I know there have been headlines that the average rent in Denver has gone over $2000. It really just depends on what survey you're looking at. Either way, rents continue to go up. That's not going to slow down. As investors are paying more for their properties, they're going to be renting out for more. And those investors that bought properties 10, 20, 30 years ago are going keep up with the market rent. Ashleigh Gutierrez joins Nicole for this episode.
Ashleigh's rent right now is $1705. And then she pays for a garage space, which is an extra $150. With everything...2022-06-2811 min
The Double Comma Club3 Shorts on DTI - Debt to Income Ratio.These three shorts give a quick explanation and ways you can reduce your debt-to-income ratio. This episode covers: What is Debt to Income Ratio?, What are the debts included in your DTI?, and How to Optimize Your DTI.
We hope you find these quick explanations and suggestions helpful.
They go great with the longer episodes here:
What You Need to Know About Debt to Income Ratio
Why is Debt to Income Ratio Important When Buying a Home?
Nicole Rueth, SVP
The Rueth Team
750 W Hampden Avenue, Suite 500
Englewood, CO 80110
303-214-6393
www.T...2022-06-2202 min
The Double Comma ClubWhat is an Appraisal Waiver and Can I Get One?You can get an appraisal waiver and you can have an appraisal waiver. I wanna give everyone an appraisal waiver. It just doesn't quite work like that. Of course, there's a lot of talk about getting appraisal waivers, especially in a competitive market like today. So what is an appraisal waiver and what do you get to do once you have one? An appraisal waiver is something that's given by an automated underwriting system by Fannie Mae or Freddie Mac. So that implies that you can only get an appraisal waiver on a conventional loan. And that's true. You...2022-06-1703 min
The Double Comma ClubWhy Are Interest Rates Going Up So Fast?Strap in, this is a long one!
Last week the CPI came out not as expected. The percentage doesn't matter as much as the DIRECTION... it went up! This threw the market for a loop. Interest rates did increase and now the headlines are making you believe we are going into depression.
WE ARE STILL IN A STRONG HOUSING MARKET.
The likelihood of massive job loss and massive loss in the stock market is not likely... granted it may feel like it today.
Interest rates increased from 5.5% last Thursday to 6.18% yesterday. As we g...2022-06-1528 min
The Double Comma ClubUsing ADU Rent to Qualify for More homeYou can now use the income on an auxiliary dwelling unit to qualify to purchase or rate and term refinance your home. Well, that is a game-changer, especially for people who have an investor's mindset. How can I optimize the home I'm living in? Can I look at buying a two-unit, a three or four-unit, a single-family, a rentable basement?
Well, those auxiliary dwelling units, those separate buildings in the backyard. They were not a legal unit. Now they do have to be permitted right and zoned properly. But those auxiliary dwelling units were just that they...2022-06-1103 min
The Double Comma ClubTransferring Wealth Through Real EstateWith the Denver market up 123%, since its peak in 2006, we have amazing wealth in equity. How do you tap into that wealth of equity, where you can give a gift of equity to your children, or to other family members? We can transfer wealth through real estate using gifts of equity. So what does that mean? And maybe what are some of the limitations with that?
Let's say I want to sell a home for market value. That home is $800,000 and I own that home and maybe I own that home outright, and I want to give i...2022-06-0904 min
The Double Comma ClubPurchasing a Home in High Inflationary TimesEverybody's starting to look at the fact that more homes are now going are, are reducing their price before sale. I talked about this in the DMAR report that we just did last week in the video talking about the fact that those people that had to do a price reduction were on the market for an average of 28 days. That is a massively long time compared to what we've been feeling and how fast the market has been moving nationally. That number is up to 24% of homes are discounting their price before they sell. Historically, that number is...2022-06-0721 min
The Double Comma ClubDMAR June 2022 - Is the housing frenzy over?Months of Inventory for May landed at 0.67% or 20 days. A balanced market, when supply equals demand, is defined by 6 months of inventory. Yet, on the street, real estate agents and buyers “feel” like we are headed towards a balanced market. Close to List came in at 105.33% telling us buyers are still paying more than asking on average. If you look at over $1 million dollar homes, those went for 107.12% close to list. And median days on market were still a hot 4 days.
Yet some listings had few to no showings their first weekend on market and the median closed pr...2022-06-0306 min
The Double Comma ClubA Window of Opportunity for in Today’s Market
Historically, we are trying to determine the best direction for us individually and personally. And how do we operate? Because many want to operate out of fear. That is our natural go-to, but those that operate out of opportunity, create doors that open. We were talking about this last Thursday, when we did this ad hoc live talking about this weekend is a door that is opening. It is your choice to go through it. You don't have to, you can continue renting which people will because sales are slightly down and what's the option. Because demographics...2022-05-3112 min
The Double Comma ClubInterest Rates Dropped Going Into Memorial Weekend It's not Tuesday, but I've got news that I want to share. And I know I've got market trends tomorrow, but rates went down, and I need to know that, you know, that especially going into Memorial Day weekend, how much did they go down? Why did they go down? And are they going to go down further? I mean, that's the question, right? Because is this a new trend or is this just a blip? And it's really critical that we jump in because I know something's coming, we all feel it. And I'm going to be talking a...2022-05-2712 min
The Double Comma ClubAgents and Homebuyers - The Benefits of Choosing Your Own Mortgage TeamToday I wanna talk about being busy. I have heard a number of times over the last several weeks, maybe weeks saying, "I don't wanna bother you. You are too busy," or "I can't even believe you made time for me because you are so busy." or maybe I didn't think to call you because you're so busy when you are busy doing the things that you're passionate about. This is what I'm supposed to be doing every single day. If I showed you my calendar, it might freak you out, but I love it. It is stacked with...2022-05-2512 min
The Double Comma Club4 Reasons Higher Interest Rates Benefit BuyersIn the last two years, rates have been abnormally low, which has created an incessant demand, and an unlimited supply. All of that pushing home prices up higher and out of reach for first-time, homebuyers just a few months ago, the market was intense and it still is. Here's a quick recap of this episode. Listen to the full 8 minutes to get the details on the four reasons higher interest rates benefit buyers.
1. Demand is slowing down.
2. Supply is sitting on the market a hair longer - it's a bit calmer.
3. More supply...2022-05-2404 min
The Double Comma ClubShould You Get an Adjustable Rate Mortgage?What is an adjustable-rate mortgage? and the bigger question is should you get an adjustable-rate mortgage?
Inquiries regarding Adjustable Rate Mortgages are picking up steam!
An ARM can help buyers expand their qualifications because they tend to have lower interest rates when we are in a rising interest rate market... like today. But with a lower interest rate comes a bit more risk.
So before buyers jump in and say that this is their "golden ticket," let's break down what an ARM is, highlight the pros and cons and discuss who can benefit...2022-05-2009 min
The Double Comma ClubTips and Strategies to Get Under Contract.If you talk to two different real estate agents in the Denver real estate market, you will get two different stories. However, the theme remains the same, the housing market is in a constant state of flux. Just when we think we know where it's heading, it flips a 180! This episode is about a tale of two markets - Tips and Strategies to Get Under Contract.
I know buyers and agents are frustrated, but we are here to help you gain a competitive advantage and WIN your deal.
2022-05-1820 min
The Double Comma ClubFour Reasons a Recession Will Benefit YouWhat will housing look like in a recession? A recession will be good for housing. Recessions usually bring lower interest rates which will bring on strong demand. Strong demand on top of birth rates 30-33 years ago and high liquidity brought on by the Fed. Lower interest rates when supply is challenged by "interest rate lock", aging in place, investor buyers, and builder backlog.
Headlines want you to be worried. I want you to jump in. From my seat, the sooner you get in before a recession comes, the more opportunity for equity growth, when demand spikes...2022-05-1605 min
The Double Comma ClubWhat does it mean if the housing market is slowing?Slowed Appreciation DOES NOT Mean Loss of Value! CoreLogic expects a 5.9% appreciation over the next 12 months. Denver is always hotter and CoreLogic is super conservative! That means on a median price home, conservatively, you will gain another $37,000 in equity AND get to refinance with our new Refinance Guarantee!
What will housing look like in a recession? A recession will be good for housing. Recessions usually bring lower interest rates which will bring on strong demand. Strong demand on top of birth rates 30-33 years ago and high liquidity brought on by the Fed. Lower interest rates when...2022-05-1320 min
The Double Comma ClubKnow Your Definition of SuccessMultiple world record breaker, and international keynote speaker Ryan Avery sat down with Nicole to continue what he started at The Next Big Thing Colorado in January. He's helping us redefine "Celebrate" - it's about the try, not the acknowledgment. He has a fantastic story about failure, that wasn't. You'll rethink the trite and terrible phrase, "Going outside your comfort zone." and so many more shifts to consider. Please do not miss this episode of The Double Comma Club with Ryan Avery.
Want to find Ryan? Don't look on social media. He has no time for that, he...2022-05-1137 min
The Double Comma ClubAppreciation is dropping, will home values follow?Did we peak in February? Both average and median price growth slowed in April. Looking back, month-over-month median price growth started out flat in January, yet low inventory and strong pending home sales provided a strong close-to-list of 102%. (meaning the average buyer was paying 2% over asking) In February, prices rose a strong 6.5% in one month, as active listings stayed depressingly low, pushing close-to-list up to 105%.
March saw a swell of much-needed inventory if you can call 6,020 newly listed homes a swell, giving buyers a few more choices but no extra days. Days on market stayed at 4; while...2022-05-0607 min
The Double Comma ClubInterest Rates are Increasing, is a Recession Looming?Homebuyers should hear this... NOW IS THE TIME! You do not want to be on the other side of a recession because when interest rates fall, demand will spike again! We simply do not have enough inventory to satisfy that demand once it comes. So while your rate may be lower, the competition will ramp up, the probability of bidding over ask will be higher and there won't be as many homes to choose from. Listen to this episode of The Double Comma Club, "Interest Rates are Increasing, is a Recession Looming?".
2022-05-0419 min
The Double Comma ClubHolding Out for the Must-Haves in Your Next HomeIt's one thing for an expert to tell you what you should do when investing in a home, refinancing, and selling. But when you have an opportunity to hear a real start to finish story from a home buyer to held out for the full must-have list and then successfully purchased a home in the Denver market, you will be riveted. Kara Palffy is Nicole's guest. She's the Business Development Manager at The Rueth Team. Buying her second home, selling the first, and all of the hours required make for the best kind of story. Nicole asks Kara about...2022-04-2922 min
The Double Comma ClubReverse Mortgages Used as a Smart Financial Strategy - not the loan of last resort from the pastSo how old do I have to be, to take advantage of a reverse mortgage? Generally speaking, we say 62 years old because the FHA product, which is the most commonly used program today requires one of the homeowners to be 62. However, we also have non-FHA programs that will allow clients as young as 55 years old to get into a reverse mortgage. Nicole asked Gabe Bodner, Retirement Mortgage Specialist on The Rueth Team, "What's the biggest benefit to a homeowner to want to look into this further? And, what is the advantage to me and why should I look into...2022-04-2710 min
The Double Comma ClubWhat is the difference between FHA and conventional loans?And do you know which is better for you? I don't believe that one of these loan programs is 'better' than the other. However, I do believe that one may work better for YOU. FHA and Conventional Loans each bring something different to the table, thus working better for one type of buyer over the other. You don't need to know the hyper-specifics of each program, that's what we're here for. But it can be helpful to have a basic knowledge and ask your mortgage lender the right questions. Listen to this 7-minute episode of The Double Comma Club, "...2022-04-2106 min
The Double Comma Club6 Reasons Why Home Prices are IncreasingIt's no secret that the real estate market, ESPECIALLY in Denver, has seen a dramatic increase in home prices. According to CoreLogic, the national median home price grew at an all-time high 18.8% year-over-year in December 2021. Homebuyers are feeling the rise in costs of EVERYTHING, and the increased home prices are not going away anytime soon. The cost of waiting is extreme! It's time to get off the fence and into a home. Be sure you give my team a call and let's come up with a strategy that begins building long-term wealth through real estate.
Nicole goes i...2022-04-2014 min
The Double Comma ClubWhat Happens After You Leave the Closing Table?You just spent a lot of time, effort, and money getting into your new home... but what's next? There are some important things to take note of in the months following closing day such as:
Your first mortgage payment
HOA Payments
Utilities
Home renovations
2022-04-1506 min
The Double Comma ClubWhy You Should Buy a House in Today’s Denver MarketBuy NOW to have options later. Real estate is still the number one hedge against inflation and the potential to build long-term wealth is still there!
Although the real estate market is tough right now, you have to get in in order to build long-term wealth, earn appreciation, use the equity you've built for a renovation or a move up and you can always refinance once things calm down.
Your long-term goals can be achieved through owning a home and we want to help you get there. As always, don't hesitate to reach out if y...2022-04-1415 min
The Double Comma ClubLook at the 30-year mortgage rate history; today is the best day to buy.Interest rates just hopped up again! The market today remains an extremely volatile place and is in a constant tug of war with the FED, unemployment rates, inflation, the war and all other factors! So, is it still a good time to buy a home? My answer remains the same as the Denver market continues to build equity, financial security, and supports our highly qualified buyers. Here are a few things you should know heading into this weekend.
Here's some history on mortagae rates:
2022-04-0810 min
The Double Comma ClubIsThere a Housing Bubble and Will We See a Recession?We've again been flooded with headlines on the impending doom of a housing market crash. As homebuyers right now, it can be hard not to fall into the trap of waiting. I get it. There's a flood of information being thrown at you, but this video will help cut through the noise.
First, there is NO bubble. We simply have too much demand, insane equity built up in our homes and a HIGHLY QUALIFIED pool of buyers entering the market.
Second, a recession is OK. A recession is defined as 2 consecutive months of GDP Decline... that's it. As...2022-04-0727 min
The Double Comma ClubDMAR April 2022 - We need a recession.A recession is exactly what we need right now. And it's good for housing. So what am I talking about? The two in tenure treasury yield had a small 0.05 spread as March ended. This is on the verge of inverting, which is a high validity recession indicator of five of the last six recessions that were all proceeded by an inversion. However, today we also have incredibly strong labor market. The unemployment number just came out at 3.6%, which is a post-pandemic low. In fact, unemployment has only been lower than 3.6%, three times since 1950 non-farm payroll saw robust 431,000 jobs added...2022-04-0408 min
The Double Comma ClubIs there a housing bubble?Will the housing market crash in 2022? Here is your DMAR Real Estate Market Update. The real estate market is INTENSE right now, and news headlines are doing a very good job of scaring us into thinking that we are heading towards a housing bubble burst. But the truth is, there is NO BUBBLE.
Yes, interest rates and prices are rising, but the amount of equity and demand we are seeing DOES NOT constitute a bubble ready to burst. If anything, a little slow down in market activity will give supply a chance to catch up, giving homebuyers m...2022-04-0108 min
The Double Comma ClubWhy is Debt to Income Ratio Important When Buying a Home?Your Debt to Income Ratio is a key metric of analysis lenders use when you submit a loan application. It gives us a good indication of how much you can afford in relation to the debts you currently hold. In the Denver Real Estate Market there is a LOT going on... little inventory, increasing rates AND increasing prices. So, how does that affect homebuyer affordability? Well, with all this activity, what you were approved for might not work anymore... and optimizing your DTI just became that much more important. In this episode, Nicole will walk you through what is...2022-03-3021 min
The Double Comma ClubRising Home Prices and Increased Interest Rates - Get in it now.Rising Home Prices, Increased Interest Rates - What Options do Home Buyers have in 2022?
Rates are going up and so are home prices. Don't get caught (like the Fed) with your pants down. Strategies going into this previous weekend and week. It's changing fast!
2022-03-2821 min
The Double Comma ClubGaining the Upper Hand to Be the Winning OfferIn a hot seller's real estate market, buyers need an upper hand! I know it's frustrating seeing interest rates and home prices on the rise, but The Rueth Team has a TON of strategies in place to help buyer's offers stand out, grant seller security, and get everyone to the closing table on time and happy.
From TBD Underwriting, Fairway Cash Guarantee, up to $15,000 Earnest Money Guarantee, 8-10 Day Closings, AND MORE, we've got the stuff that will help you make homeownership a reality!
Listen to this 6-minute episode, "Gaining the Upper Hand to Be...2022-03-2507 min
The Double Comma ClubInterest Rates and Inflation ExplainedWhere are rates headed? It seems like right now mortgage rates and inflation are going hand in hand. The cost of everything is up, including housing, gas, food, etc. You see it, I see it and we are all feeling it.
No one could have predicted a pandemic and a war in a 2-year span, and the housing market is constantly responding. Interest rates are on the rise, inflation is hot and international conflicts are all taking their toll.
As real estate agents and professionals, it's important to recognize the changes in the marketplace so...2022-03-2422 min
The Double Comma ClubWhat are mortgage points?What are mortgage points? Is it worth it to buy down your mortgage rate using mortgage points? How long will it take to earn your money back if you buy your rate down?
Mortgage points are essentially a way for you to buy down your market interest rate by paying more money upfront. This can help with cash flow and even help you afford more home and a bigger loan. While this sounds great, you shouldn't assume that buying down your rate using loan discount points is the best decision for your financial future.
You...2022-03-1809 min
The Double Comma ClubWays first time home buyers can take advantage of small opportunitiesBeing a first-time homebuyer in the Denver Real Estate Market is no easy feat. You're feeling it, your real estate agent is feeling it and I AM TOO! But this is your sign to not give up! We are giving you OPTIONS to get on the path to homeownership with flexible loan solutions, down-payment assistance programs, and creativity in terms of location and type of home (AKA a duplex ;D). While the first home may not be the dream home, it's a stepping stone to getting there.
Some points to be aware of if you are considering...2022-03-1620 min
The Double Comma ClubFour home loan programs to consider - VA, FHA, Jumbo and Jumbo LLCTypically VA loans have their own acceptance problems because they are 100% loans. Rethink them and all of these options covered in this episode. VA, FHA, Jumbo and Jumbo LLC loans can give buyers OPTIONS to get into a home and start building equity; so that one day they can afford to get into their forever dream home. There are several loan options for buyers that may not have all of the ideal qualifications, money down or budget to compete in the Denver Real Estate Market. It's hard. We know that. But here is what you need to know about 4...2022-03-1417 min
The Double Comma ClubIs It Worth To Bid Over The Asking Price?How much over asking do I need to go? It's an intense market. Is it necessary to bid over the asking price right out of the gate in the Denver Real Estate Market? Market trends die out before home buyers can catch up. So, whether or not you go in swinging big, this episode may help you decide. You may have to prepare yourself and ask the big question, "Can I have the last ask?"
Market trends die out before home buyers can catch up. So, whether or not you go in swinging big is really up t...2022-03-1106 min
The Double Comma ClubDMAR March 2022 - Real Estate is Globally AffectedDenver appreciated 19.1% over the last year alone. 60% of all homes are selling over asking prices. The Denver Real Estate Market came in strong and fast in 2022. That fact, coupled with Russia's global actions is going to have an impact on our housing market more than just the liquidity we see circulating. It will continue to put upward pressure on a rising inflationary market, increasing the cost of everything. 2022 housing buzz words will include terms like global impact, market velocity, inventory shortage, shifting interest rates, insatiable buyer demand, rising inflation, and affordability. So, what are mortgage rates doing and where...2022-03-0408 min
The Double Comma ClubWill Russia Affect Interest Rates?We are blessed to have the problems that we have and the problems that I'm dealing with the last couple weeks and the debilitating back pain. It just makes me start thinking about how minor that is compared to everything else that's happening. I'm gonna think about this in terms of housing because that's the world I live in and what impact this has on our interest rates.
Right now, we're watching the 10 year bond, which was up over two. Remember in our 30 year fixed rate, went over four. Now it's starting to come back down. It...2022-03-0322 min
The Double Comma ClubWill Russia Affect Interest Rates?We are blessed to have the problems that we have and the problems that I'm dealing with the last couple weeks and the debilitating back pain. It just makes me start thinking about how minor that is compared to everything else that's happening. I'm gonna think about this in terms of housing because that's the world I live in and what impact this has on our interest rates.
Right now, we're watching the 10 year bond, which was up over two. Remember in our 30 year fixed rate, went over four. Now it's starting to come back down. It...2022-03-0222 min
The Double Comma Club5 Mistakes to Avoid Before Closing on Your HomeRun through this list of five things you can do to avoid delaying closing, or botching up the entire deal.
1. Changing jobs.
Sometimes you don't think about it. You're like, but I took a job that has better pay or better opportunity. Well changing jobs and pay, changing your pay structure could disqualify you for that loan. So if you go going to do it, which you can, but if you're going to do it, make sure that you talk to your lender, give them all the specifics for your new job and h...2022-02-2505 min
The Double Comma ClubReal Estate Appraisal Hacks to Get Under ContractDon't get outbid or underfunded due to appraisals. You might bid $20,000, $30,000, $50,000 or even $100,000 over the asking price, and it may seem obscene to you. But, if I pay $100,000 over asking, and overvalue, how long will it take to make that value back? You'll still make it back and quickly. Denver Metro appreciate lately at double digits during the past couple of years. Will you purchase this and is this the height or is this a bubble?
We have a strong economy underneath to help ensure you will make back that additional money you spent to secure the ho...2022-02-2325 min
The Double Comma ClubWhy Are Interest Rates Rising and Affecting Affordability?In this episode, we talk about how volatile interest rates are and what you can do to avoid the heartbreak of not qualifying for the home of your dreams. 80% of Americans 75% of their net wealth is in their singular home. What about the number of people in the 80% that don't have a home? They just lost 75% of their opportunity to build their net wealth. They are relying on their 401K, basic savings.
What if the jump in interest rates put you at the 50% balance to debt ratio. Your options thinned out quickly. You are now high risk, w...2022-02-1919 min
The Double Comma ClubWhen Does It Make Sense to Buy Down The Interest Rate?Sure you can buy your rate down, but does that actually benefit you the most? What about eliminating some debt on something with a high rate of interest or a high balance? What about mortgage insurance? Do you need it or can you buy your way out of that with the money you would have used to buy your points down? There are so many factors to consider and no one right answer. PLEASE listen to this episode to have a better list of options before you make that decision.
2022-02-1622 min
The Double Comma ClubWith a HECM You Won’t Ever Make a Mortgage Payment AgainCreating or finding a home to age in place can be difficult. You may feel you don't have options to move.
You could pull equity out of your home, but you still need that age-appropriate home. Enter the Home Equity Conversion Mortgage for Purchase (HECM).
Let's say you are living in a home with a $750,000 value.
Your mortgage balance is around $150,000.
That leaves you with $600,000 of equity, minus closing fees and costs nets you around $550,000 profit upon sale.
It can be tough to find an age-appropriate home for $550,000 today.
Nicole's guest, Gabe Bodner, Reverse Mortgage...2022-02-1203 min
The Double Comma ClubDMAR Feb 2022 - Will Mortgage Rates Break 4% in 2022?Interest rates have been on a downward trend since 1981 when the 30-year fixed rate hit 18.5%. Just three years ago they were almost 5%. Now, news cycles are headlining rates jumping from 2.625 to 3.25% in 2021 and climbing from 3.25 to 3.5% in 2022.
If you bought your first home in the 80’s, 90’s, or even 2000’s, you're laughing out loud when the words “jumped” and “climbing” are used with rates in the low 3’s.
The low rates in 2020 and 2021 both propelled and offset the insanity which was extreme housing demand with a limited supply. I don’t have to remind you of what happened, bu...2022-02-0408 min
The Double Comma ClubLending: Reverse Mortgage StyleAgents, do you want more listings? Who do you know who is retired, nearing retirement, in an age-inappropriate home, and has equity which gives them options? Our Retirement Mortgage Specialist, Gabe Bodner joins me today and we are discussing how you can help your clients take advantage of a Reverse Mortgage, and get you more listings, especially in the crazy low inventory Denver market!
Feel free to reach out to Gabe and his team directly at: gabe@bodnerteam.com or 720-600-4870
2022-02-0226 min
The Double Comma ClubWhen should you back out of a deal?Back out now? Or stay in the game? Well, the politician's answer is, "It depends." Every home and buyer situation is different, so this question should be assessed as such. If you or your buyer are unsure about anything in the inspection report, are unsure of any conditions, or feel it's just not the right move, have an "A-Team" on standby to answer questions and assess situations on a case by case basis. Get some quick tips to determine the best course of action in this episode of the Double Comma Club, "When should you back out of a...2022-01-2907 min
The Double Comma ClubGive Your Buyers an Edge in a Competitive MarketThis episode is for agents AND sellers. With inventory so tight, we have to be on point with our lending solutions because BUYERS NEED AN EDGE. Here's what that looks like appraisal gap insurance, appraisal waivers, earnest money guarantees, and loan objection waivers. PLUS all the creative loans to match the opportunity.
What is a TBD underwrite? This is where you disclose the loan, gather all income and asset documentation, we completely underwrite that file for a particular TBD purchase price, with estimated insurance, taxes and amount down, qualify to verify income and assets, then all you ne...2022-01-2621 min
The Double Comma ClubThe Advantages to RentingSome people are better off renting. You'll have to decide where you are today. You can go back and forth from owner to renter and back again. Please consider these big points.
Homeownership advantages:
Building equity/wealth
Adding to your credit profile
Stability - especially with children in school districts
Possible tax advantages
Ability to upgrade to add-on, remodel - make it your own.
Disadvantages to buying:
Costs more upfront
You have to pay for the maintenance
Apply and get approved for a loan
You can lose money
Renting Advantages
The epitome...2022-01-1905 min
The Double Comma ClubShe Started a Business with the Equity in Her HomesThis story of using real estate to fund a dream makes me smile each time I think about it. I'm joined by my friend Olivia Kuynevicius, an agent with MilehiModern. It demonstrates the power of real estate and the opportunities owning a home creates. On this episode of Financing The American Dream, I and my dear friend Olivia spotlighted her client Cynthia, who just opened a coffee shop in Denver, Colorado... using the Equity in her Homes! Owning real estate quite literally opens so many doors toward financial well-being, you just have to see it for yourself! Join us...2022-01-0605 min
The Double Comma ClubIncreasing Your Dollar Per Hour #TNBTCO
Do you know what your dollar per hour is? How do you value yourself and your time? Do you have a fear of delegation? These are just a few of the key points that this incredible panel will be speaking on at THE NEXT BIG THING. With how quickly our market moves, it's crucial to learn time (and money) saving tactics to increase your dollar per hour. LEARN MORE & PURCHASE TICKETS at: www.thenextbigthingcolorado.com
2022-01-0505 min
The Double Comma ClubLeveraging Real Estate to Build Your Investment Empire
Say hello to Jay Clark, Nicole's personal financial advisor! Jay has been her advisor for some time now and specializes in portfolio management that includes real estate investments. He's a rare breed of financial advisors that is able to weave real estate into the big plan for building your financial empire. You'll want to hear this taken from an Agent Ignite panel discussion in October 2021.
About Jay:
Jay Clark, Founder of Lucet Advisors has been helping business owners and individuals since 2002. Certified Exit Planner (CExP™) and Financial Advisor. He focuses his practice on bu...2021-12-2923 min
The Double Comma ClubWhat is a lender letter and why do you need it?When you want to start looking to purchase a home, one of the very first things that you're going to want to do is get a lender letter, and that realtor that you're shopping with is going to ask, have you talked to a lender yet? Do you have a lender letter? And you're, what's a lender letter? Well, that's what I want to talk to you about today. What is a lender letter and is that all it is?
No, there're several levels to lender letters. So let's talk about it. The very first out of...2021-12-2206 min
The Double Comma ClubLoan Documents Explained
All those loan documents you're receiving can seem super overwhelming! So, here's some insider knowledge to elaborate on what the documents are, and simplify what they all mean! You need to know these things - it's not complicated.
How much do I need to spend per month?
How much do I need to bring to the closing table?
A fee worksheet is a very first thing you will get from a lender or potential lender. Go through it line by line to really understand and get comfortable.
The fee worksheet is not regulated - depending...2021-12-1506 min
The Double Comma ClubPlan your estate so you aren‘t the juicy bar story some attorney tells
Chris Gordon loves what he does. He especially loves it when he has no juicy stories to bring home other than, "I worked with a bunch of nice people today that wanted to get their ducks in a row, so we set that up." He wishes younger people would set up their estates to have peace of mind, not just for themselves, but for those who will either care for them in the situation of an illness or accident, or those they leave behind. He has some great tips to add some humor to what can be...2021-12-0216 min
The Double Comma ClubShort Term Rentals Made Logical and Lucrative
We hear about owning short-term rentals. Many of us take advantage as we have started traveling again. Gone are the days when you could grab some random property in a decent area, furnish it with Goodwill furnishings, and make a profit after covering your mortgage. Listen as Nicole's guest Michael Vialpando makes it simple to understand how to do this, and enjoy the process.
2021-11-2514 min
The Double Comma ClubWhat it Takes to Purchase a Home
What are the costs beyond the cost of the home you select? After you make an earnest money deposit, here are some of the costs and fees you can expect:
Inspection $450-600 Well, septic, sewer, radon may have additional fees.
Schedule the appraisal. $750 fee.
Title company $1000 - $1200 which includes lender fees - processing and underwriting fee.
All lenders have a fee. They may bend on it, depending on your interest rate. They are doing a service and need to be paid.
----more----
Setting up escrow - pay t...2021-11-1808 min
The Double Comma ClubThe Next Big Thing - Rueth, Kruger, Soto, Alba, Veden January 20 - 21 2022
I'm SO excited! The Next Big Thing is approaching and I can't wait. I will of course be there sharpening my own saw, but I will also be SPEAKING. I'll be giving the latest updates in Lending, and what to expect down the road. I hope you're as excited as I am; The Next Big Thing is coming, and we hope to see you there.
We are thrilled to have Katie and her expert panel speaking about Commercial real estate trends, and how that affects the Residential Real Estate Landscape. Katie is the CEO of...2021-11-1007 min
The Double Comma ClubDMAR Nov 2021 - The Market Is Slowing. So Why Are You Exhausted?
Comparatives are funny because they can tell any story you want. The market is slowing down? The market is still nuts! The idea real estate is hyper-local is at its epitome in times like these. Nicole dives into the Denver Metro local numbers and a bit about the economy but let's start with a story because perspective is everything.
"One of our clients this past weekend put in an offer and the listing agent and friend, Maura Putnik, called me and shared the seller side experience.
Her $890,000 listing had 80 showings,
18 potential offers
Six of those...2021-11-0309 min
The Double Comma ClubMaximizing Your Investment Properties - the Bedroom to Bathroom to Square Footage Ratio
Do you currently own investment properties? OR Are you looking to begin your investment journey, but are hesitant due to low inventory? Well, we are here to tell you that deals ARE happening, and you CAN add exponential value to your real estate investment (or future investment). Jacob Mueller of Atlas Real Estate starts by explaining the differences and benefits of both ADUs and AFSs, as well as the rules, the effect on taxes, and more. But he mainly talks about maximizing your investment property with a simple math problem of the ratio of bedrooms and baths...2021-10-2211 min
The Double Comma ClubThe Next Big Thing - A Real Estate Experience January 20 - 21 2022
The Next Big Thing is shaking up how Real Estate professionals will define business success. This two-day event will be far from typical. While our past may have shaped us, it is time to define the future. This energy-rich, content-driven event will introduce the biggest drivers shaping the industry, and instill how to harness the next big thing to catapult your own business.
Built on the foundation of helping others build wealth through real estate, The Rueth Team has created the ultimate tool that is The Next Big Thing. Over the course of two days...2021-10-2107 min
The Double Comma ClubHow to Buy and Sell Your Home at the Same Time
We know just how stressful deciding to purchase a home can be, especially when you're already a homeowner! It can be nerve-wracking to think about purchasing a new home when you have hundreds of thousands of dollars already in your current asset...
BUT, THE FEAR STOPS HERE!
When it comes to buying and selling at the same time, or even purchasing before you sell, it is all about strategy and diving into the details. Sellers are in a very strong position in our market right now, so buyers who also have listings on...2021-10-1311 min
The Double Comma ClubThe Cost of Waiting in Real Estate
There is a lot of math in this episode, important math. Listen while Nicole walks you through the cost of waiting to purchase a home, especially if you are currently paying rent. The last 18 months of everyone's lives have been exhausting. But putting off purchasing a home shouldn't be one of the things falling to the wayside. If you've been on the fence, now is the best time to buy. Why? It's not just because interest rates are low, it's because of the two-fold effect of appreciation and principal reduction. No matter how good of a deal...2021-10-0118 min
The Double Comma ClubHow can you capitalize on Real Estate to Help Pay for College
Use Real Estate to Pay For College! First-time homebuyer and investment property purchase.
How can I use equity to pay for college?
When should I start investing?
Nicole's personal experience. She had three in college at the same time - one graduated, two are still in. At 20, Nicole's two boys were able to purchase their first homes. They bought income property where they could live, and then become the landlords and rent out the other rooms in their homes to not only pay the mortgage but to help with cash flow.
Each home cost $400,000 with a 3...2021-09-2510 min