Episode 15 - Lemonade from Lemons: Renovating Your Home Before Selling

Be Real: The Maryland Real Estate Podcast

Episode 15 (just a skunch over an hour - we're trying!): In The Rundown, Michael and Brad highlight the latest mortgage news and real estate market stats. Michael makes his next prediction for where interest rates are headed. Brad reviews the March year-over-year plus the last 7 days of real estate market activity and how the market is trending. In The Scoop, we talk about renovating your home before selling, including updates that can provide the best return on investment (ROI), as well as options for funding the renovations (including one you may not have heard of before). In this week's The Unreal, we talk about trigger leads (no, not the horse) and how to opt out of credit agencies selling your data - learn how to put an end to the deluge of calls once you apply for a loan. In The Spotlight we feature The Mint Leaf in the Hunt Valley Town Center. The Mint Leaf is a delicious spot for Indian food - they have an incredible lunch buffet and regular plated dinners. Call them at [phone]. They're on Facebook (https://www.facebook.com/profile.php?id=100057156022251) or find them on the web at themintleaf.us. Check them out! Episode Highlights

• Do we really have someone listening in Belgium???
• We know - we didn't hit our goal of under 60 minutes. We're a work in progress!
• Also, we're fancy adjective-free this episode....
• [00:01:16] Where to find the best chocolate in the world
• [00:03:40] THE RUNDOWN (Mortgages)
• [00:05:25] Michael's prediction for rate trajectory for the week
• [00:06:53] It's not the rates, it's the volatility
• [00:08:15] THE RUNDOWN (Real Estate)
• [00:10:46] Brad's theory on seller help increases
• [00:12:40] Takeaway for buyers and sellers
• [00:15:27] THE SCOOP (Lemonade from Lemons: Renovating Your Home Before Selling)
• [00:16:42] Factors to consider when deciding whether to renovate
• [00:21:35] Return on investment (ROI) for major and midrange repairs/updates
• [00:28:00] ROI for minor updates
• [00:31:15] The best movie to watch before doing a home improvement project
• [00:40:20] Options for paying for renovations
• [00:45:44] An option for renovating that you may not expect
• [00:48:50] Summary of the options and ROI
• [00:51:12] THE UNREAL
• Article from Housing Wire: NAMB welcomes legislative proposal to ban use of trigger leads
• [00:59:40] How to opt out of the barrage of lender calls
• [01:01:35] THE SPOTLIGHT
• The Mint Leaf!
• [01:03:49] Final thoughts (so close!)
• Next episode: Juggling Chainsaws: How to Buy and Sell a Home at the Same Time

Hosts

Michael Becker, Sierra Pacific MortgageNMLS #200085 [email protected] [phone] (m) / [phone] (office) https://lo.sierrapacificmortgage.com/michael-becker

Brad Cox, The Vesta Group of Long & Foster Real EstateMD Lic #652795 [email protected] [phone] (m) / [phone] (office) https://www.bradcox.realtor/

Links

Michael Becker, Sierra Pacific Mortgage Brad Cox, The Vesta Group of Long & Foster Real Estate @berealmdpod