Buying or Relocating in a Hot Real Estate Market

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What to consider first (00:28)

• Understanding the current real estate market and perspective on purchase prices, property taxes, and interest rates (1:45)
• The effects of state and local taxes and value of a low-interest-rate environment (4:50)

Putting the Price of the House in Context (8:20)

• Fighting the urge to compete, staying flexible, and remaining unemotional (9:45)
• Looking at a house like a stock. short vs. long-term buying considerations (13:45)
• Removing stress and the fear of missing out, not negotiating on non-negotiables (15:30)

Weighing out the Opportunity Cost (19:15)

• When it’s worth overpaying, identifying what matters to you, and recognizing if a house is worth buying for your situation (21:00)
• Understanding how inflation works, identifying differences amongst communities, and getting stuck on certain neighborhoods (26:45)
• Relocating out of state vs. across town, having someone in your corner to help you sort through your decisions, not talking yourself out of the right opportunities (28:58)

The Role of Interest Rates (32:50)

• Value of financing vs. using cash, understanding your sources of funds, and learning to utilize leverage (33:00)
• Looking at your house as a piece on your balance sheet, debunking the debt conversation (39:45)

Alternatives to Traditional Financing (42:20)

• Creating cash deals, breaking down securities lending, borrowing from first property to buy a second property (43:25)
• Few buyers are using cash and not refinancing and seeking financial advice before making any decisions, and becoming attractive to sellers through non-traditional lending (45:48)

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About Your Co-Hosts:

Travis Maus has been in financial services for over fifteen years. He is a Senior Wealth Manager and Chief Executive Officer at S.E.E.D. Planning Group.

Steve Campbell has over a decade of experience in the industry and serves as Chief Brand Officer at S.E.E.D. Planning Group.