Real Talk # 320: How to Win A Real Estate (Bidding) War

This week, Barry and Jennifer discuss the rise of Bidding Wars during home purchases, giving you the edge in the battle for your next home

We get a loan market update from Pitt Miller, where we earn that the low 3% interest rate of today is starting to slowly rise. Now is a great time to lock in this low rate! To contact Pitt, call (916) 300-0401

Barry invites you out to a local open house, 5120 Aktis Court.

The Real Talk Team discusses this amazing chart, showing the trends of prices on home over time. Based on this chart of the market pulses, volume is flat and a unique look of market timing with a chart of the California Real Estate Market Phases.

We are currently in Phase 4, with sales volume down and prices flat, leading into phase 5 with sales volume and prices down. Now may be the time to sell, IF you’re planing on doing so in the next 3 years.

A transcription for this week’s episode can be found here.

About Barry Mathis

Barry Mathis "Broker Barry" has over a decade of experience in the local Real Estate Market. As an active Broker who is personlly involved in the current market , he brings a unique perspective to his advice and his actions. He has ridden the wave of Real Estate from the lows to the highs and back to the lows and now is perfectly position to guide you in this new rising market. His experience as a senior member of a high volume sales team and later as the Broker/Owner of an Intero Franchise has given him a view into thousands of transactions. Most recently he launched and operated one of the fastest growing Property Management companies in northern California , untll its sell aat the end of 2012 The lessons learned in over 1200 + real estate transactions have provided him with a depth of knowledge that simply cannot be learned any other way.Barry knows what it takes to get it done in Real Estate. He has invested in both commercial and residential Real Estate, sometimes for a quick flip and but more often for longer term buy and hold positions. He is a Certified Distressed Property Expert.
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