In this episode of Everyone's Talkin' Money, I'm back with another fascinating topic: home buying in today's market and whether it's a good time to buy real estate. I was walking around my neighborhood this morning and was blown away by the number of people selling, buying, and remodeling houses. I was thinking there’s so much talk about high-interest rates and how expensive housing prices have gotten, but it doesn’t seem to be deterring anyone from going about their normal buying, selling, and remodeling home business. So then I thought, if you’re looking to buy your first home, is there ever a “right” time to buy? Lucky for us, Bianca D’Alessio, who is the Ranked #1 Real Estate Broker in New York and New York State and #14 in the Nation for 2022, manages a $10B real estate portfolio for Nest Seekers International and is the Star of Selling the Hamptons on Max(formerly known as HBO) is our guest.
You'll learn:

How to pave your way to first-time home buying in this market

How to be competitive when buying

Why lenders are more concerned about your credit card debt than your student loan debt

If the Airbnb market is really a bust

Why staying in your home for 10+ years is probably the best investment you’ll ever make

Oh, and we’ll also talk some dirt about Selling the Hamptons


Links
Selling the Hamptons
Nest Seekers International
Bianca on Instagram

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Time Stamps
[00:00:23] Everyon's Talkin' Money podcast host welcomes all, discusses is it the right time to buy.
[00:04:09] Start with referrals, research, and interviews for your team.
[00:08:31] Negotiating: be creative, focus on clients' needs.
[00:11:38] Inflation concerns rise as prices increase.
[00:15:16] Interest rates impact affordability, 7% is healthy.
[00:18:31] Timing sales is crucial; now is buy.
[00:21:36] Consider family, liquidity, investment, business growth, ownership, technology, and global opportunities when buying real estate.
[00:25:47] Different lending options; pre-contract inspection for progress.
[00:28:46] Relative purchase price, overcoming objections for buying.
[00:33:41] Airbnb needs stability, owners must invest.
[00:36:29] Reality TV: Surprises, Drama, Real Estate, Acting
[00:41:21] Mindful money reminder: Buying a home.

Key Terms Mentioned:
Money, personal finance, happiness, therapy, home buying, first-time homebuying, selling the Hamptons, Airbnb, buying goals, how to sell your home, negotiation, real estate, personal financial goals, money goals, relationship with money
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