Celebrating 12 Years: Navigating the Real Estate Market with Expert Insights and Heartwarming Success Stories

Celebrate my birthday with me, Rowena Patton, on a special live broadcast as we mark an incredible 12 years of the Plain English Real Estate Show. Master the real estate market with insights into economic cycles and price trends, helping you make informed decisions about listing your home. Hear a heartwarming success story of a client who secured a cash offer, highlighting how strategic real estate decisions can transform your financial future. Whether you're buying, selling, or simply curious about market dynamics, this episode is packed with wisdom you won't want to miss.

Experience the thrill and challenges of home buying, like purchasing a house in Asheville during a hurricane, complete with a rare pool feature. Understand the value of Certified Pre-Owned homes and the complexities real estate agents face when discussing schools and neighborhood amenities. From remodeling basements for increased home value to the emerging trend of grandparents relocating closer to family, we'll explore personal anecdotes and community features that add depth to your real estate journey.

Discover why senior living communities are booming and the benefits they offer for those 55 and over. With less maintenance and more freedom to travel, these communities provide an attractive lifestyle option. We'll discuss the advantages of townhome or condo ownership, shared insurance costs, and the importance of acting swiftly in today's fluctuating market. Whether you're considering downsizing or investing in a new living arrangement, learn how to navigate the current real estate market and maximize your financial outcomes.

Chapters

• 0:00 Real Estate Market and Moving Strategies
• 6:14 'Home Buying and Downsizing Tips
• 18:51 Retirement Community and Housing Market
• 23:34 Navigating the Real Estate Market
• 31:47 Senior Living and Cash Offers
• 43:12 Home Selling and Moving Tips
• 52:56 Tiny Home With Mountain Views

Transcript

Speaker 1: 0:00

This is the Plain English Real Estate Show with your host, rowena Patton, a show that focuses on the real estate market in terms you can easily understand. Call Rowena now. The number is 240-9962 or 1-800-570-9962. Now here's the English girl in the mountains, the agent that I would trust, rowena Patton.

Speaker 2: 0:28

Good morning and welcome to the show. This is Rowena Patton at the Real Estate News Radio Show, and it's my birthday.

Speaker 3: 0:36

Randy, what do you think Like that's commitment right? Happy birthday.

Speaker 2: 0:43

Thank you here. I am committed being here with you all on my birthday and yes, this is a live show. It's not a rerun or I didn't pre-record it or anything else, because for 12 years now we've been broadcasting. Can you believe it's been 12 years? I mean, I was 19 years old, randy, and you were 17.

Speaker 3: 1:03

We were here in the days when marconi created the thing. I believe we've been here a while yes.

Speaker 2: 1:12

So here we are today. We're talking about listing your home because I know a lot of you hung out together over the holidays and you're looking around and you go and it's really time we were going to sell it a year ago. We've been listening to this girl who talks funny on the radio and she keeps saying that we've reached the peak of the market. Well, we're definitely bumbling along the top. There's still some places where they'll say, well you, you'll make a percent or two more. Honestly, I don't believe that at this point, because we've seen seven or eight no, eight straight months now of price reductions. Now what does that mean? And I don't say this to scare anyone Like, it just is what it is. When you go in with information, you can make the right choices for you and your family. And it's different for everybody. It depends why you're moving.

Speaker 2: 2:09

So the economic cycle is 7 to 11 years. Good old Clermont-Jugla back in 1860, the French economist, what goes up must come down, and then it goes up again and then it comes down. Now the good news is that every 7 to 11 years, at the peak generally, your home's going to be worth considerably more. Sometimes it's twice as much. Think about, especially if you're older. Think about the peaks that you've seen before and we all laugh about the fact. I mean, for example, my house was bought in the 60s for I don't know like $12,000 or something crazy, and now it's worth about $500,000 or maybe a little bit more. So obviously, over that time it's gone up a lot. Now the question is has it gone up 100 times? Well, have wages gone up 100 times? Have salaries gone up in order to afford that? No, today's housing takes a lot more of our monthly income or our yearly income to get in there.

Speaker 2: 3:14

So you know, let's talk about why you may be moving. You can give us a call today 800-570-9962. If you're listening on the podcast, obviously that won't work. Give us a call. If you're thinking about listing, we've got people standing by 24-7. This is Rowena Patton, all Star Powerhouse, 828-333-4483. If you want to get in on the show and talk to us today and have any questions, we're here on the show and talk to us today and have any questions. We're here.

Speaker 3: 3:47

You can call us at 800 570 99 62 for about the next 50 minutes. Those 50 minutes go real fast, don't they randy. They sure, do they sure?

Speaker 2: 3:59

do we're already. I mean, yeah, how many minutes we got left. We're right at 50 minutes, you're right.

Speaker 3: 4:02

How many minutes we got left? We're right at 15 minutes.

Speaker 2: 4:05

You're right, oh, okay. So everyone, 800-570-9962. I really want to hear from you. I'll give you my best take and I bet, try and beat me to it for my birthday. So, for my birthday, call in and give me some good fodder. You don't even have to give your name if you don't want to. And let me talk about. I'll come up with at least three different strategies for you. That's my promise, okay? So first of all, let's look at different reasons that you might be moving.

Speaker 2: 4:35

Growing families Maybe you need more bedrooms. Maybe, you know, often this happens, actually not when you first have a child, but when the child gets older or you add a brother or a sister, and especially when they're eight, nine, 10, 11, and now their friends start coming over and they want to have sleepovers and you want to be that family that well, not always just saying. I know a lot of people that wanted to be that family where all the kids come to play at your house instead of your kids, you know, having sleepovers or spending the day at somebody else's house. Were you ever part of that randy growing up? Were you part of that neighborhood where that happened?

Speaker 2: 5:18

yes, yes, yeah and it's nice, a lot of families like that, you know, and there's sort of more family. All right, do you want to tell us your story, randy, or were you doing bad things in the park?

Speaker 3: 5:33

I've got away with it this far. I'm not going to confess to anything now okay, so.

Speaker 2: 5:42

So maybe you need more bedrooms, maybe you need a bedrooms, maybe you need a larger yard, maybe you need a pool. I am going to give a shout out to what my wonderful clients who are now in Florida and 55 Tipperary Drive is now under contract. That was a cash CPO purchase. If you listen in regularly, I know a lot of you do. Thank you so much. I'm so blessed Know that that was a cash CPO offer, so the money came through in 14 days. This was a heck of a story because we purchased this home when the hurricane hit and still went under contract. It wasn't quite under contract when everything was happening in Asheville and that's not that long ago. What are we at, randy, 12 weeks 13 weeks, yeah, 13.

Speaker 3: 6:32

14 weeks, 13, 14 weeks, you're right, yeah.

Speaker 2: 6:37

It's 13 weeks, lucky for some. So it is under contract and that house has a pool. It's one of those rare houses in Asheville that has a pool, so that's just going to be great for them. Just great news. It just happened last night. So if you see 55 Tipperary, you're welcome to put a backup offer in. It is a great house, 3-2, 375. We've got those better prices now in Asheville. It's already happening. And look for a CPO home. This is certified pre-owned. That means it's been inspected, it's been appraised, it's had lots of things fixed from the inspection. It had lots of upgrades, everything was cleaned up, all painted, ready to go 55 temporary. You can find all these homes if you're looking in the mountains I know we've got people listening all over the country but if you are looking in the mountains as well mountainhomehuntcom Just think about hunting for a home in the mountains, mountainhomehuntcom.

Speaker 2: 7:35

So you know, maybe you need that pool for your growing family, maybe you want what you consider to be better schools. I don't know if you know this, but realtors are not allowed to tell you real estate agents, because not all real estate agents are realtors. Real estate agents are not allowed to tell you and this is nationwide about what the good schools are. It's called steering. We're not allowed to do that, so there's lots of sites that will give you to look for the better schools. We're not allowed to tell you where the churches are either, or the synagogues or anything else. It's also called steering. They're very careful about that, so. But you know we can send you the right links, obviously. So you know family friendly neighborhoods. We're not allowed to tell you about that, either believe it or not. However, you know when you're driving around it's pretty obvious. Maybe the neighborhood's got a pool, or maybe it's got a playground, or maybe there are. What would you look for in a neighborhood, randy, if you, if you had children? The hoops outside, that kind of thing I guess so.

Speaker 3: 8:35

And uh, a nearby park, uh, yeah yeah, do kids go to parks anymore?

Speaker 2: 8:43

I mean, do kids get on bicycles anymore? Does that actually happen still?

Speaker 3: 8:48

Well, if, if there's a place, yeah, and, and we're blessed in this area of Buncombe and Henderson County to have some beautiful parks with bike trails. Parks with bike trails, uh, for instance, uh, the bill moore community park in fletcher is just. It has biking, walking, uh, all kinds of activities, and we're blessed to have those in our area which is so nice?

Speaker 2: 9:14

yes, and it was. It's all recently been redone as well, and you might be looking for future growth home offices, playrooms, playrooms, playrooms. There's a concept, or maybe additional storage, maybe a basement that you can remodel and add some equity in there. If you're looking to make your home an investment which most people are not necessarily just looking primarily for investment a great way to do it is get a basement that needs remodeling and make sure that it's got over those seven foot ceilings. Such an easy way. I did mine for about fifteen thousand dollars. Now, that sounds like a lot of money, but to add six hundred square feet and think about what that means in terms of even if you can't put a bathroom down there Right, so that was without a bathroom, but this is an unfinished room and 600 square feet, even in the basement you're looking at, let's say, at least $200 a square foot. That's a lot of money, right? So, and not only that, you might want that space especially. Maybe you want a fitness room, maybe, especially if it's got daylight down there, you know, maybe you want it for an office, maybe you've got a growing family and you need a place to escape, or they need a place to escape.

Speaker 2: 10:32

And my second one is this is a very, very common one moving closer to be by the grandkids. So your kids moved away 20 years ago. You're still in that four or five bedroom home that you know. Your kids are now 40 or 50 years old with their own kids and you've still got the little horses on the border wallpaper. I'd love to hear from you in this situation. I'd love to hear from you in this situation. I'm at over 3,500 sales now in the area and I can tell you that I want to say probably 25% of those are grandparents moving closer to be by the kids. So you know, grandparents generally have more flexibility in where they live because often they're not working anymore and they have more time on their hands and they're often in a home that's really way too big for their needs. And I know you've all been sitting around at the holidays talking about this. That's why I thought it would be such a great show today to you know, just talk about well, okay, you can do that. And if you're thinking about I have very good friends actually that I had dinner with last night, I'll give you a shout out Eric and Eve. Eric and Eve took me out for a birthday, pre-birthday dinner last night and we were talking about their relocating needs. They have two homes. They're letting one of them go because and they're downsizing, right.

Speaker 2: 12:08

So it's and I've just been through this recently as well where I'm just getting rid of a lot of my stuff. So say, what do you do with two toasters? You don't need two toasters. What do you do with grandma's chutneys? It's real stories from last night and I went through the same thing myself.

Speaker 2: 12:25

What do you do with grandma's china? You've had grandma's china. It's like, well, the kids don't want it. Well, there's a reason why it's at the back of a cupboard in the corner of your kitchen, because you don't either. And grandma is up there. I promise you going, what the heck are you schlepping all that stuff around for? Donate it, give it to somebody that will actually use it and love it, and your grandma will love that. It's just another connection piece, you know. I promise you you don't have to feel guilt around that. It feels so much lighter when you start getting rid of that stuff.

Speaker 2: 13:00

Vases Eve was showing me all these beautiful vases that she has and she must have eight of them. Well, I don't know about you. It's my birthday and I don't have eight bouquets this morning, hint, hint. So you don't need all those vases. You know you really don't need all those vases and usually when somebody gives you a bouquet these days it comes in a vase. So I'm not saying get rid of them all, I'm just saying choose the one you love. All that space you'll be able to find things, because everything's not jam-packed in and that's just spring cleaning, nevermind whether you're downsizing or right-sizing, as we call it. So we're talking about moving closer to be by the grandkids, and usually the big reason and it's not just that, if you're thinking about moving at all, it's often oh my gosh, we've got to get rid of all us. It's just kind of easy. You know you can put your lots of places.

Speaker 2: 13:58

I need to get on the radio show actually, because she's looked into. She's an's an amazing researcher, she's an amazing lady actually, and the place that she went to that was looking at she's got these beautiful antique plate pieces that she's selling because it just doesn't fit in her other home, and they told her the nine different places to sell furniture for different types of furniture, which was wonderful. I definitely need to get you on the show Eve to talk about those. And if you know any of this, give us a call 800-570-9962, live for the next hour. Randy is standing by to take your call.

Speaker 2: 14:40

So yeah, I mean just there are ways of getting rid of all that stuff. And all I can tell you is, at some point in your life you will have to get rid of that stuff or you're leaving a big old mess for your kids to take care of or someone to take care of. And I can personally attest I've probably done it three times now. But if you pare down more and more each time, it feels really good, well, worth doing. So let's talk about right sizing after the kids move out. That's a kind of precursor often to right-sizing after the kids move out. That's a kind of precursor often to moving to be by the grandkids. But maybe you missed this step of right-sizing after the kids moved out. So let's think about it. You know you raised your kids in the house.

Speaker 2: 15:24

We do have a video that we do called a memories video, by the way, that we came up with many years ago, because I sat with this is probably 15 years ago. I was actually training one of my listing agents and there was a couple sitting there and this was in Weaverville, north Carolina, and they were an elderly couple and she looks so sad. It was this beautiful white farmhouse was probably going for 150,000 or something in those days. It probably be 600,000 now. And he was the gentleman was in a wheelchair and they look so sad. And I said you know, I'll change her name to Julie. I give her a different name every time, of course, to protect her. So I said Julie, it looks like you're really unhappy about selling your house. And she said my daughter got married and walked down those stairs and she had all kinds of other stories about the house.

Speaker 2: 16:19

And so what we do is we do something called a memories video. It doesn't cost you anything and we walk around the home. You don't have to be on the video if you don't want to. You can be behind us telling the story or it's a wonderful thing to do, by the way, because it gets shared with your family forever or you can have us tell the story for you, but obviously for your kids and your grandkids and your great grandkids and your great great grandkids you may not even be around anymore. They'll have this video of either us telling the story or, you know, walking around the house, capturing the house on video or your voice on there. And I cannot tell you how much it would mean to me right now to have my grandparents voices on a video. It would mean so much to me. I was basically pleased by my grandparents and I would do anything to have their voices on a video.

Speaker 2: 17:09

So what we do is we upload it onto you. We give you the, the raw video. Obviously we'll also upload it it onto you. We give you the raw video. Obviously We'll also upload it on video as private. And then you've got a private link to share with your kids forever. And the thing is your kids can share it with your grandkids, can share it with your great grandkids. It's really, really worthwhile having. It's just a lovely thing to do for your kids.

Speaker 2: 17:30

And what we realized is that you're in love with the memories. You're in love with what happened in that home. You're not in love with the box that you live in. Right, it's a box. Yes, you've done some beautiful things to it. Yes, it's given you great memories. You can do that in your new place too. And guess what? We can probably, especially if you're right-sizing. You're giving up those three, four, five bedrooms. I've seen six bedrooms. I've seen six bedrooms where one lady in her 70s was living in the house and her husband had died a couple of years before and she was just stuck. I know if any of you have been through a divorce it feels I've been through that myself many years ago, over 10 years ago. You just sort of get stuck in the house and you know, a little bit paralyzed because you've gone through this big trauma, but especially obviously when somebody's passed and just couldn't leave the home. So if you're right-sizing from a three, four, five-bedroom home into a one or two-bedroom home, we can probably get you something brand new. And guess what that means Reduce maintenance, reduce utility, right. So I know there's a lot of emotional challenges in selling the family home. All those memories, we can capture those for you honestly. And yes, it's a video and it's not the home, but you might be very happy about that.

Speaker 2: 18:51

When you're in your new home with nothing to do, in a new community and it is surprising, guys, especially if you move into a senior community or a 55 plus community, basically where people have started retiring or one of them is retired you might find you're suddenly making new friends again, even if you move out of the area. Maybe you're moving to be close to the grandkids and you're worried about leaving all your friends behind. Guess what. When you've got that newer home that doesn't take as much maintenance, that you can lock and go, it's much easier to go back and see your friends Release some of that cash so you can have some freedom and go and visit your friends in Virginia or Maine or Florida or wherever you're from. Probably don't go north right now, just saying go south. It's a bit warmer. So you know, just think about that. It could be where you're transitioning to a much more lifestyle-focused property could be a townhome. Yes, they have shared walls, but the shared wall may just be the garage.

Speaker 2: 19:56

Condos and townhomes. It's a lot less upkeep and you're sharing the insurance, for example. People worry about insurance a lot, especially if you're thinking about going south for the warmth. Well, guess what? Now? It's not that condos or townhomes don't have insurance, but because they're shared out across a number of people, usually it's less money. Always, remember, people get very scared by HOA fees, and I get that. Especially if you're retiring, you're thinking I don't want any fees. Those fees, a huge chunk of those HOA fees are insurance. You pay for insurance anyway. Well, I guess you don't have to, but most people do. So let's just think about doing it now. What are you going to, especially if you're in your 50s? You're going to be having the same conversation in your 60s. It's going in almost every part of the country.

Speaker 2: 20:49

We flattened out two years ago, guys, two years ago. We flattened out two years ago, guys, two years ago. So what is very likely to happen? Three and a half to five and a half years. Down to the bottom, we've got three and a half to five and a half. So let's go to the upper end. And it's been longer than that this time. We're four, five years overdue for the economic cycle.

Speaker 2: 21:09

So for those of you just tuned in, this is Romina Patton on the Real Estate News Radio Show. You can call us 24-7. We've got receptionists standing by wherever you're thinking about listing your home in the USA or Canada. We have a network running over Canada now. And maybe you just want a cash offer too. That's fine too. Full market value, cash offer. Give us a call, 828-333-4483. Give us your address and we'll get a cash offer for you. It could be that simple. You don't even have to talk to any of the agents on the line. Just give your address 828-333-4483, rowena Patton, all Star Powerhouse.

Speaker 2: 21:47

We're talking about different reasons why you might be listing your home and the fact that you probably hang out over the holidays. Here's one flag I want to raise for you. If you were hanging out together and saying you know what, we'll just give it a year. Please don't. Don't put it off another year, because Clermont-Juglar, 1860, seven to 11 years, that means we go down.

Speaker 2: 22:12

Now, obviously the timing shifts and I know some of you are saying oh, we got somebody else in the White House. The economic cycle is not directly linked to who is in the White House. It goes on all over the world. Seven to 11 years. We're already four years overdue. We have to see some market corrections. The housing cycle follows the economic cycle.

Speaker 2: 22:35

So if our average home in the Asheville area is at 600,000 and across the country it's at 400,000, obviously there are pockets that are higher, pockets that are lower. Do we feel like the average person can afford 400,000? I can tell you, the group that can afford 400,000 is much smaller now. So it's not possible to. It's just common sense, guys. It's not possible to sustain it at that rate before salaries and everything else goes up. That's partly where inflation comes in to put it back in check not that any of us like inflation. So the very, very high rate of probability for three and a half to five and a half years. Now, if you're 70 years old, what does three and a half to five and a half years look like? That's down to the bottom. Last time around in the mountains across okay, let's talk about across the country. Now things are different in different spaces.

Speaker 2: 23:34

You always hear me say that real estate is local, however, so the places that have a lower medium price don't tend to go up in the real estate bubble, right, the places like Asheville, the places like South Florida, I could go on and on. There are lots of places where the housing bubble is those very high prices. Those are the ones that tend to get hit the worst. So Texas and Florida have already been downgraded in value by Zillow by up to 20%. That's crazy, right, because they're making cash offers too, although they tend to be lower, and it's a whole different process, and they're making sure they don't get caught right, because you can't make a cash offer and buy something and then be able to sell it at a profit, you know your money's going down. That's also what short sales are about.

Speaker 2: 24:23

So my heart goes out to people that bought at the height of the market and for whatever reason maybe a death in the family or loss of a job or medical issues reason maybe a death in the family or loss of a job or medical issues have to sell the house quickly. So if you just bought in the last few years, you don't want to be selling for the next three and a half to five because that's down to the bottom. And if you have 5% or 10% or less equity in your home, it's very easy to lose 10% of equity, as sad as that sounds right. So if your house is at 500, let me give you an example. So you bought your house at the height 18 months ago, in a multiple two years ago now and two and a half years ago gosh, how time flies in a multiple offer situation at $500,000. Let's make the math easy. Because it's my birthday, we want easy math today. So you bought it at $500,000. Now let's say we've gone down 10%, which is perfectly viable.

Speaker 2: 25:23

Right, you need to sell it. You've got some health issues. You need to move back. Or maybe your parents this is another common one your parents in another area. You know, you're in your 50s, your parents are in their 70s and one of them have had a health issue in Arizona. This is actually a real story. We do a love it or leave it guarantee. We actually sell it free for six months and then at a heavy discount for 10 years. So think about that too when you're buying a home All-star powerhouse baby 828-333-4483. You're buying a home all-star powerhouse baby 828-333-4483. We have agents standing by 24-7 that just make sure you give your address and everything else and a quick message and we'll get right back to you, even if it's two o'clock in the morning. We won't be getting back to you at two o'clock in the morning, but you can call at two o'clock in the morning. So maybe you have to sell your house quickly.

Speaker 2: 26:10

And this is a true story of what happened. Someone bought with us years ago. This is how all my programs came about. It was looking to solve issues in real estate. When I got in in 2007, I was kind of shocked at how things work. Every single program I have. I have a bestselling book on selling real estate, all the dozen programs in there, all came out of realizing and solving pain points honestly.

Speaker 2: 26:37

So you know if you have to sell it, that $500,000 house, you bought it three years ago and it's down and you put down 5% right. So you put down 5% of that amount. You put down $25,000 amount. You put down twenty five thousand dollars. So obviously you've probably paid off. You actually probably haven't paid off anything yet if it was only a couple of years ago. So you've got a mortgage of four, four, seventy five. The problem is your home is now has gone down ten percent and it's. We can only sell it for 450 right, and get a sale. You've got commission prices. You can try and sell it for sale by owner.

Speaker 2: 27:15

However, we've shifted from away from a seller's market to a buyer's market in almost every place in the country, not everywhere. The Northeast is somewhat still bumbling along there. Some areas take longer than others. But many, many places in the country Texas, florida, most of Texas, most of Florida, a lot of states are feeling this right now You've shifted to a buyer's market. That will remain guys for three and a half to five and a half years. Statistically, this is not going to change next year. So if you're sitting on the fence saying we'll wait another year, please don't.

Speaker 2: 27:50

And don't wait till the spring. A lot of you that aren't. I mean Florida doesn't matter, you still got green on the trees right, and we're what you call in season. So the you know the temperatures are nice, everybody's coming to Florida for a vacation. We're in season. The snowbirds are coming down here, so more home sales tend to happen. It's a warmer part of the country. Much of you right now are experiencing the first big storm of the year. It's cold and you're like, oh, we'll wait until spring, when the leaves are on the trees. You've been hearing me say this for 12 years. Guys, do not wait. The people that are out there looking for a home right now are serious buyers. They're not tire kickers. And in those cooler areas all right, downright cold and chilly areas right now In those cooler areas, people wait until the greenness is coming back.

Speaker 2: 28:47

April, may they always say March, but I see a big peak in Western North Carolina in April and May and June. Oh, it's all green and nice. Guess what? Every other seller is thinking that way? Real estate is supply and demand. That means if you're adding to lots of supply and remember this is switched to a buyer's market. That means houses sit on the market longer. We don't see multiple offers like we were seeing two or three years ago.

Speaker 2: 29:17

You've got to give up that thought. It's not happening Unless you go on at some ridiculous amount. And you don't want to give up that thought. It's not happening Unless you go on at some ridiculous amount and you don't want to give your home away. You're not going to see those crazy multiple offers, right. So don't think about that.

Speaker 2: 29:30

Think it's going to take. Give it 60 days. The average time it takes nationwide to actually get that check in your hand is 105 days. Think about that for a minute. It's over three months from when you list it and then you've got the weeks up until when you list it to get ready for it. So I always say give it four months.

Speaker 2: 29:50

Guys. It's January, january, february, march, april. Are you going to list in May or June? That's a long time off and it means we could have seen even more of a market correction. Other words, it's worth less and there's more homes on the market which guess what that does? It dries down the price. You've got more competition, you know. You can say all my house is perfect, it doesn't need any work, yada, yada, yada. Or you can just put it in for a cash offer now and move in four months if you want to. If you want, that's fine too. So if you qualify, you can go to cashcpocom, throw it in there. Cash C-A-S-H. We all know about cash, right, it's my birthday. I know all about cash. Just kidding. So waiting for the dollars to fly in today magically, does that happen? We'll see. So I think once you get past, I think, 18, these days you just want cash rather than anything else, right, right?

Speaker 3: 30:49

what do you think, randy? That's it, you know. Uh, you know it doesn't cut, it goes out. Cash goes out at our at my age yes.

Speaker 2: 30:59

what do you do for your daughter now she's's all grown up? Do you give her a nice gift card, or do you try and buy her a thoughtful gift?

Speaker 3: 31:06

I try and buy a thoughtful gift, and usually it's an electronic gadget. That's kind of become the custom. Oh Dad, you always get me the best gifts to play with all year, so yeah.

Speaker 2: 31:23

Oh, that's nice. Do you give her the receipt, in case she wants to take it back?

Speaker 2: 31:30

uh no just saying so, yeah, I mean, you know, whether it's you've got a growing family or you're moving closer to be by the grandkids you're right sizing after the kids move out, or you're thinking about going into senior living community. You've all been hearing me talk about this a lot, because this is, you know, boomers are going through the roof. We all know that. So boomers are 60 and up, no 61 and up. That just switched 61 and up. So if you're 61 and over, you are a baby boomer. What does that mean? Well, you're 61 and up and you're in a group of people that is growing very, very, very rapidly. So they're saying that senior living communities are going to double. The amount of them is going to double by 2030, that's only five years away. That is incredible. It's a massive booming market.

Speaker 2: 32:29

Now, why is that? Because many of us are living longer and the average age going in is 84, but there's lots of 60 and 70-year-olds going in because a lot of them are not assisted living, right, they're independent living. And they're independent living and they're building all these communities where you can go in and rent a place with independent living and then, as you need it, get more care. So it's usually you're in an independent. It's just like a condo, but you're renting the condo, or or maybe at like a townhouse where you're on ground level, which is usually what they are, for obvious reasons, and when you need more care, you can maybe. Well, it starts off with being able to go and have lunch in the cafeteria if you want it. You know you get vouchers for how many lunches you want, and then it may be you need a little bit more help taking a shower every day or whatever. It is kind of help you need. Someone can come to your unit and then if something goes wrong, there's care right there where they have their own nursing facility. Or maybe you need, you're starting out needing some memory care. They usually have memory care on site or you know, sister with with a community that, so now they tend to be keeping you in one place throughout that journey. So think about that. And again, this is a massive peak in January where they're getting applications to join senior living communities, why we just had Deanna Allen, who's our amazing coach on senior living. She's part of Senior Living CPO If you don't know what that is and you've got parents and or you are the parents that are thinking about going in. You all got home for the holidays. That's why there's a massive peak in January where you know you just feel like you can't quite cope anymore or you're holding out. I'm not going in there and the kid's like mom, I can't keep flying back from San Francisco. When you have a heart issue or it's usually very sadly it's usually an event like falling and breaking your hip or breaking your leg or ankle or something like that. That takes you into a community. So start planning beforehand. Start looking at them, see which ones you like, see how much equity you're going to get out of your home.

Speaker 2: 34:43

We have Senior Living, cpo, seniorlivingcpocom. Go on there. There's a video, there's all kinds of bullet points, it's a whole website telling you how it works. It's all based on the cash CPO offer. You go on a wait list, often for a long time. We've got one locally. That's eight years, an eight-year waiting list. Well, so what happens is they finally call you your spot's up on the list and that's really exciting. Right? You finally made this decision. Your kids came home for the holidays five years ago. You finally made the decision. You're going in. And now the one you really want. You're off the wait list and in. So remember that too. It can take a very long time. So if you're even feeling like it might happen in the next few years, get yourself on a waitlist, start doing your research.

Speaker 2: 35:33

We can help you with that, seniorlivingcpocom. We don't charge anything for the service. But the great thing is we have a funding partner. We can give you a full market value cash offer on your home. Two thirds of our sellers make more than with. It's a great product. Make more than with a conventional listing, an old fashioned listing, and you don't have to wait.

Speaker 2: 35:57

Remember earlier I said it takes three, four months by the time you get the check. Guess what? When you get off that wait list, you've got two weeks. Usually we can get you that cash, the majority of your equity, within two weeks. You can move in. And then what we do? We have a group of people this is all over the country and in Canada, guys. So again, 828-333-4483, 828-333-4483.

Speaker 2: 36:24

Call, tell us where you're thinking about moving to. Or you can just bypass us altogether and go to cashcpocom, if you want, or go to Senior Living CPO to learn about the Senior Living CPO and there'll be a big button at the top called Get Cash Offer. Or if you're thinking, if you're moving for any of these reasons and you want a cash offer just to see what it would look like cashcpocom real easy guys. It will take you like two and a half minutes, if that, to put in your details. There's no obligation. We will come back with a full market value cash offer.

Speaker 2: 36:59

Please don't put your wrong phone number in. I've had a number of them this week and I understand you don't want phone calls, but we're not just going to send you that. We need to talk to you about the condition of your house. We might have questions. So if you put the wrong number in, listen, we're not going to bug you. We're not that kind of company. I wouldn't be over 3,500 transactions and in business for 17 years if I treated you that way. I wouldn't have repeat clients over and over if I treated you that way. So I'll keep you safe, I promise so. Senior Living CPO just remember Senior Living CPOcom. I'll tell you all about it. Click on Get Cash Offers.

Speaker 2: 37:35

So what about job relocation? Oh sorry, let me tell you and I know you've probably heard the show before about ceiling living, but let me finish that one out for a second. So you get the majority of your equity within 14 days. You get that check, you move out and into your community, or you can stay for 90 days in your home if you want. Fly your kids in from san francisco, fly your kids in from florida, wherever they're at and this is anywhere in the country. This is not just Western North Carolina and it's in Canada as well. So you get your check in in 14 days. You can stay for another 90 days if you want.

Speaker 2: 38:11

We have teams of people to help. We have the teams of people that can get rid of your stuff and things. And you all say our kids all want it. We need to get our kids here. And then guess what happens? 90% of the time, kids are like sorry, mom, dad, we can't make it. We really want that bedroom set, we really want our stuff from school that you've been holding for us for 40 years. Oh, sorry, I can't make it to get home and get it. Can you ship it to me? That's what's going to happen in many cases. Or they're going to come and help you, which is great.

Speaker 2: 38:41

There'll be lots of stuff and things because we didn't take care of it on the first stage, where we right-sized right. 20 years earlier we didn't get rid of all those stuff and things. You've now got a lot of stuff and things to get through and God forbid, you broke your ankle or displaced your hip or anything like that that make it much harder to go through. So now you've got your cash, you've put it down on the unit and we can move in. We can figure out and we have teams of people that do this for zero money. In fact, you can make money. They'll help you come in and clear it. We've got all the people on the list so you or your kids don't have to research every time. We're going to make it much less stressful for you. By the way, this works if you're not going into senior living too.

Speaker 2: 39:29

We've got all those teams of people that can help you get your furniture sold, clear out the junk that you don't want all that good stuff. Obviously, we've got the movers as well that can move you anywhere in the country. So we move out your key pieces of furniture into the unit. Right, you're still in the home, taking time to go through everything, and then, if you want to stay, you can do that. If not, you know you can move into your unit. Once the few things that you want are in there, and the few pieces of furniture that you want the right pieces of furniture Maybe we help you buy a few new pieces of furniture. So remember you've got the majority of your equity out of your house already. And then what we do is we've done the inspection, we've done the appraisal on your home and we know that if we paint it, maybe it needs new countertops to update it, maybe it needs the cabinets redoing.

Speaker 2: 40:21

By the way, if you want to look at one that we've done recently, it's a modest little home, great little brick rancher. You just look up, go to Mountain Home Hunt, and again, we do this all over the country. You can go to mountainhomehuntcom and just type in 55, tipperary, or come right up. You know like a long way to Tipperary, t-i-p-p, 55 T-I-P-P. That's all you need to do. Look through the pictures and you'll see that. So I'll look through. I know you're on the radio so you can't see this, but mountainhomehuntcom, you can do it on your phone too. Type in 55TIPP, it'll pop right up for you. Click on that home. You can see it's got a beautiful pool.

Speaker 2: 41:09

We painted everything white. We painted the fireplace white. This is under contract. As of last night, we put a beautiful actually Joe Shively, an amazing local builder, but you'll also find his listing on there Gorgeous listing on a great amount of property that's finished in the next few weeks. So he helped with beautiful walnut mantle that you can see there, so gorgeous. Thank you, joe. It's amazing.

Speaker 2: 41:35

We painted all the kitchen cabinets and we put new hardware on the kitchen cabinets so we gave it a refresh. New hardware on the kitchen cabinets, so we gave it a refresh. Basically, we gave it a deep clean and just a number of other things that we did. We cleaned it all up. There was a lot of stuff left in the house. The garage was full of stuff and things and we helped on purpose. I just said leave everything, we'll take care of it. You know there were different colors in the house. We all paint our homes different colors and we painted it all. And this is a tip.

Speaker 2: 42:05

By the way, if you are thinking about getting your house painted because you're getting ready for listing, you can either go to cashcpocom and get a cash offer or use uh, sherwin-williams pure white, you can get that now. I believe it's lowe's as well. Sherwin-williams, pure white, you cannot beat it, it's a. It's Lowe's as well, sherwin-williams pure white. You cannot beat it, it's a, it's a. It's not a blue white, it's not a warm white, it's just pure white. It's just such a great color. So we cleared all that one out, um, after purchasing it for less money, of course, because, um, but remember, they got less money at stage one and now they're going to see the proceeds out of stage two and I'm looking at it and indeed it is more than we would have got with an old-fashioned listing and we didn't have to deal with anything. Right, we, we got them.

Speaker 2: 42:53

Susan, if you're listening, I'm so happy you are under contract. I told you you were going to be last night, but we're actually under contract. Now you're living and she's listening in Floridaida. I know she listens every week. I'm, it's wonderful. So, susan and dennis giving you a big shout out, you're under contract and we're taking backup offers as well on that one.

Speaker 2: 43:12

But you can see what we did there now. You know, at some point when you want to put a new kitchen in in 10 years, yes, but what we do enables you to move in with these beautiful floors. It really is a great home. It's only 10 minutes from downtown Asheville. We'll take your backup offers as well and not have to think about doing a whole bunch of things right out of the gate. Right, that's the key thing if you're getting it ready. Or you can just put it in for a cash offer and not even think about any of that. So now you've moved into your senior living community or you've moved into your new house, you can make a non-contingent offer on a new house because you've got most of your equity. You don't have to think about oh well, I've got to sell this first.

Speaker 2: 43:53

Because, guess what, when you've moved out, we can go to town. We might put new countertops on if there's enough money in the home. See, a lot of times you can make a lot more money on your home. You can finish your base. I finished my basement for $15,000. It might take $50,000, but the house next door may have added 1,800 square feet. This is a true story. A couple of years ago we bought one for $425,000 and we sold it for $650,000. And guess what? You, as the seller, get the upside. You get that check with this program. There are fees out of it for the funding partner, of course, but you get the upside. We're basically flipping it for you, if you want to think of it like that, because we're moving into a buyer's market.

Speaker 2: 44:37

You want your home to stand out right. There's more homes on the market. There's more competition. You want it freshly painted. You want your home to stand out right. There's more homes on the market, there's more competition. You want it freshly painted. You want new hardware. Maybe you need new cabinets. You might need new countertops. Maybe every home in your neighborhood has updated countertops and an updated countertop will make the difference of the sale. It's not necessarily you'll get $10,000 more, but it may make the difference in selling in two weeks instead of six months. Right, so you move out and you'll make a bit more money for your home. There's certain things you can do that and we've done whole shows on this that you will get the return on.

Speaker 2: 45:15

But most importantly, when it's a buyer's market, that means prices are dropping for the next three. Stable or dropping is most, or dropping it's most likely dropping. Let's be honest. It dropped 32% last time. I want you to think about what 10% would mean on your home. Is it worth 500? That's $50,000. So do you want to give up that 50? 10% is nothing.

Speaker 2: 45:37

When you drop in a market Now, will it be worth more in 10 years? Yes, if your home works for you, stay in your home for 10 years. It will be worth more money than it's worth now almost guaranteed no guarantees in life, but almost guaranteed. However, if you don't want remember the economic cycle 7 to 11 years, prices will most likely start rising again in three and a half to five and a half years. So you know you'll start going back up to where we were in three and a half to five and a half years. So you know you start going back up to where we were in three and a half to five and a half years.

Speaker 2: 46:04

If you can wait it out, wait it out guys. If you're ready, get out now Now, not next week, not next month. Get out now At the very least. Go to cashgpocom, get your cash offer. There's no obligation. It's a full market value cash offer. You don't have to take it right away. You can take it now. Get your money in 14 days. Go look for your property in Arizona. Go look for your property in North Carolina. Go look for your property in New York. Wherever you're going, you can go look for your property and most often buy it with the, with the you know big chunk of equity you're getting out.

Speaker 2: 46:43

Then we'll go in, we'll do the inspection, we'll put right things on the inspection, we will do some other modifications. We know as agents what it takes and we'll talk to you about it as well. You know, watch, it's usually a honeydew list. So if you were going to replace the kitchen cabinets because they're all broken, or you were going to paint them because they're the old oak ones and put some new hardware on, you know what those things are we have the teams everywhere in the country and Canada to come in and do that for you and you don't have to think about it, you don't even have to be there. We'll come in. Sometimes we can get it done in two weeks.

Speaker 2: 47:16

This last one we did at 55 Tipperary. Why did it take longer? Oh, we just had the hurricane. We closed on it when there wasn't even any running water and obviously contractors took a bit longer because we were in the mess of the hurricane. We're pretty much through that now. I mean, it's still a big old mess, honestly, but the contractors are more available now so we can get it done quickly and obviously in other parts of the country.

Speaker 2: 47:41

Guess what? Right now it's a. It's a more quiet time of the year. What does that mean? It means that you will more likely be able to find those contractors. We can find them for you Right. So because we can find them for you, you can move out. You can make your non-contingent offer on your home in Florida or wherever you're going. You'll be able to close on that and move all your stuff in a month or maybe six weeks In some markets it takes six weeks and then we can go ahead and market your property.

Speaker 2: 48:13

You don't have to be there for the showings. You don't have to have a lockbox on your house. You don't have to keep it show ready. You don't have to go through all that stress when you're already packing up, going through all your stuff and things. So that's how it works. If you're going into a senior living community or an assisted living community or an independent living, same thing you move out, you don't have all that stress. We've got the teams of people to help you with selling off your furniture, your things, wherever you're at, anywhere in the USA or Canada.

Speaker 2: 48:42

So go in, see what kind of offer you'd get. Why don't you just do that CashCPOcom, and we'll give you a call. Talk you through it. We'll need to come and see your home. It takes 10 minutes. Just put your eyes on it, don't worry, you can.

Speaker 2: 48:55

We are agents. We are used to seeing homes. That you might feel like a hoarder, it doesn't matter, we can see through all those things. No judgment. Most of us have messy homes too, because we're very busy. Successful agents in this program are very busy. Most of the homes are messy too. Trust me, there's no judgment. We want to see how do we add the most value to your home at the least stress for you. That's the whole point, right? Otherwise you'd just be putting on for sale by owner or something like that.

Speaker 2: 49:23

So maybe you're thinking about job relocation. You know we can help you manage that timing for a seamless move. And you know are you going to sell or rent out your current home? And you know are you going to sell or rent out your current home. Here's another thing If you're thinking about renting it out, then I want you to really think about holding it for 10 years. In 10 years it's going to be worth more. Please don't think, oh, I'll rent it out for a couple of years and see whether you like renting out your home or not. Go in thinking I'm going to rent it out for 10 years, right? Otherwise you're going to be selling it in two years. Chances are it's going to be worth less.

Speaker 2: 50:09

The biggest drop we had was about 0.9% in August of 2008. 0.9% in August of 2008, august 2008. So think about that as about 1% a month. Now, 1% doesn't sound like much, but 1% of 500,000 is a lot of money, right? So think about that times three. It's only a drop of 15,000, but that's only 1%, right. So what would 15,000 buy you Now? Roll that out over the year, right, and then roll that out by 10%, because if we're going down 10 or 20%, which would be very normal when we have this appreciation change, like I said, nationwide it was 32% last time around 32% is a lot.

Speaker 2: 50:54

You don't want to lose all that money. Maybe you're seeking warmer climates, maybe it's for retirement. We can make it all much more stress-free for you. Maybe you want to capitalize on market values. That's exactly what we're talking about today. Maybe you want to move to a more affordable home or you could become mortgage-free. My gosh, what about the heating? What about the power. What about the cleaning? All that stuff you don't want to do anymore. Maybe you got divorced, maybe you've had the loss of a loved one, or maybe you've had a major career change and you just want that new home and you want a fresh start. So I hope that's, you know, outlined everything you need right there and what that looks like, because that's kind of important, you know. So I hope that's been helpful for you today.

Speaker 2: 51:49

For everybody who's got a birthday today, happy birthday For all the Capricorns out there. Happy birthday. Congratulations to my lovely Susan and Dennis. I know they listen on a regular basis. I'm so happy for you. We're going to bring those backups in as well. We're going to showings pretty much every day because your house is so beautiful and all fresh and nice and ready to move in, 55 Tipperary, of course.

Speaker 2: 52:17

And if you want to look at our other listings as well, we've got a really great one right now in Leicester. It's two beds, two baths on almost eight acres. Guys, it's brand new. So all you have to do mountainhomehuntcom Mountainhomehuntcom. If you're thinking about a new home, it's 139 Duck Pond, so just type in 139 Duck Pond. We're calling it Duck Pond Estates. It's just a great looking home. It's much further along than in the pictures. Right now we're waiting to go in until the kitchen's fully in with the countertops, which is very soon.

Speaker 2: 52:56

Here You've got the ability to add another tiny home. Beautiful views. It's just a really, really cool property. Nice fireplace. You've got the sloping roof. So, mountainhomehuntcom, just type in the search bar 139, duck, it'll pop right up for you and you can take a look at it on there. I hope that's been a help today, guys. 828-333-4483. If you've got any questions, 24 7, we're here to answer your questions. This is rowena pattern on the real estate news radio show. Thank you so much for listening. I love, love you all. See you next week.