Wake Up Real Estate | Episode #57 4/25/2023

Introduction

Welcome to a new episode of Wake Up Real Estate, episode 57. Today is Texting Tuesday, and even though we’re re-airing content from last week due to its success, we’re tweaking it slightly for a fresh take. Don’t forget to like, comment, and subscribe to our channel!

Starting Off with a Win

George starts the show by sharing a win from the real estate front. He mentions that although he lost one offer due to not waiving an appraisal contingency, he won another thanks to his mortgage team’s help. These clients are not just any clients; they’re personal friends, which makes the win even more special.

Grateful for Referrals

The hosts express their gratitude for the referrals from agents watching the show, emphasizing the importance of community and support in the real estate industry.

Mortgage Rates Update

Ryan provides a brief update on mortgage rates, which have slightly decreased, making it a point of interest for potential buyers and sellers tuning into the podcast.

Article Discussion: Loan-Level Price Adjustments (LLPAs)

The hosts discuss a controversial topic in real estate financing—loan-level price adjustments. They explain the recent changes and how they impact borrowers with different credit scores and down payments. This segment aims to demystify the complex topic for their audience.

Real Estate Conversations

Despite not feeling well, Josh talks about the value of everyday interactions and how they can lead to real estate discussions, whether at public events or even at the grocery store.

Mortgage Options and Strategies

The discussion shifts to mortgage options like FHA loans and how these can be advantageous in certain scenarios despite potential challenges with multiple offers. They also touch on private mortgage insurance (PMI) and how its cost has decreased, benefiting borrowers.

Engaging with Content

Josh discusses how sharing controversial or complex topics, like the recent LLPAs changes, can lead to productive conversations and ultimately help in educating and engaging with the audience.

Using Real Experiences

Real-life scenarios are shared to illustrate different financing and real estate strategies. For example, helping a self-employed client navigate mortgage options despite not having recent tax returns. This showcases the team’s expertise and ability to handle diverse client needs.

Productivity and Content Creation

Even though Josh is under the weather, he shares his commitment to content creation and productivity, emphasizing the importance of pushing through challenges to meet professional goals.

Effective Communication Techniques

The hosts discuss various ways to communicate effectively with potential clients through texting scripts, emails, and social media posts. They highlight the importance of persistence and tweaking messages to see what resonates best with the audience.

Conclusion: Calls to Action

In conclusion, the hosts remind viewers of the tools and resources available through their platform, including group coaching and mortgage services. They encourage engaging with their content and reaching out for personalized advice and services.

Remember, every episode is an opportunity to learn something new and apply it to your real estate endeavors. If you found today’s show helpful, don’t forget to subscribe and tune in for more insights. And if you’re looking for more direct help or have questions, reach out to us through our social media channels or our website. We’re here to help you grow!







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