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Real Estate Radio Hour

Real Estate Radio Hourwww.andyandrooney.com
Get the latest Twin Cities real estate news and infomation. We cover a variety of related topics that will prove educational, informative, and entertaining. Join hosts Chris Rooney, Broker at RE/MAX Preferred and Andy Prasky, leader of the Preferred Home Team at RE/MAX Advantage Plus, as they share their knowledge and insight.
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Episodes

People Are "Trapped" In Their Home Due To High Rates (Minnesota Real Estate)

Full Video Episodes & Our Websites: https://linktr.ee/realestateradiohour JUST IN: US New Home Sales jump 4.4% in July, now up a MASSIVE 31.5% over the last year. Meanwhile, existing home sales are down 16.6% over the last year, biggest drop since 2010. High rates made it too expensive to sell. People are "trapped" in their houses. - https://twitter.com/KobeissiLetter/st... Red Wing Luxury https://bringmethenews.com/minnesota-... Minnesota Luxury Spotlight https://www.mansionglobal.com/listi...

Aug 27, 20231 hr 2 min

Minnesota Vs Brazilian Beach Real Estate

Our Websites: https://linktr.ee/realestateradiohour Brazilian Real Estate Thoughts Social Media Reacts Luxury Real Estate Spotlight New Construction Spotlight Minnesota Ranked 16th In New Homes https://www.southernminn.com/around_t... Historic St Paul Home https://bringmethenews.com/minnesota-......

Aug 18, 20231 hr 1 min

Weed Is Now Legal In Minnesota, Good Or Bad For Real Estate?

Full Episodes & Our Websites Here: https://linktr.ee/realestateradiohour Weed Is Legal In Minnesota, Good For Real Estate? Put in a ton of money into house, have to move for work. What are my options if I invested $230k in renovations to my home, including a new steel roof, master bath remodel, new kitchen, updated HVAC, engineered wood deck, water system, water heater, whole house generator, and solar panels. However, the appraised value only reflects a $145k increase, and realtors suggest ...

Aug 06, 20231 hr

Minnesota Real Estate Experts

Our Websites & Full Episodes Here https://linktr.ee/realestateradiohour Why Hasn't This House Sold https://www.zillow.com/homedetails/15... Is rate shopping not a thing? We were pre-approved by a lender. Once we got into contract we started rate shopping. We found an incredible rate from another lender and took that to our original lender to see if he could match it (since it would be easier to deal with someone who already has our documents v starting from scratch) and boy was he pissed. Wh...

Jul 30, 20231 hr 1 min

Minnesota Property Owner Giving $100,000 Gift Cards To Buyers #realestate

Minnesota Property Owner Giving $100,000 Gift Cards To Buyers https://krocnews.com/minnesota-proper... Hobbit Home For Sale In Hastings, Minnesota https://kdhlradio.com/ixp/150/p/hasti... Apparently I own a house...?? I recently stumbled upon the knowledge that someone using my full name and SSN bought a house while I was deployed in Iraq. This property is actually just 10 mins away from my current address.. and I am finally ready to buy a home. This is how I found all this out! What in the worl...

Jul 22, 20231 hr 4 min

Golden Handcuffs Lock Up Minnesota's Housing Supply #realestate

Full Episodes & Our Websites Here ⬇️ https://linktr.ee/realestateradiohour Golden handcuffs lock up Minnesota's housing supply https://www.axios.com/local/twin-citi... Rochester real estate investor Matt Onofrio pleads guilty in $35.7 million bank fraud case https://www.postbulletin.com/business... I know a realtor and loan officers who help their clients make fake pay stubs with the help of local businesses, is there any way I can complain to anyone anonymously?? Minnesota Luxury Spotlight ...

Jul 15, 20231 hr 2 min

'I'm Losing My House To Foreclosure & It Feels Like My Life Is Over' #realestate

All Our Links & Websites: https://linktr.ee/realestateradiohour Home appraised $110,000 over purchase price, how should I proceed? What are the pros/cons of selling the same year I bought it and are there any ways to mitigate/lessen the Capitol gains tax? Anything else you would recommend instead of selling? The home is in an area that's basically just populated by tourists in the summer due to the surrounding lakes and forests. Tenants want to buy the home they're renting from, and I'm lock...

Jul 09, 20231 hr

Typical Renters in Minneapolis Can Only Afford To Buy 24% of Homes Available #realestate

All Our Links & Websites Here ⬇️ https://linktr.ee/realestateradiohour Typical renters in Minneapolis can only afford to buy 24% of homes available https://www.cbsnews.com/minnesota/new... Minnesota Luxury Real Estate Spotlight Social Reacts Agent MD Sell This Listing Photo Credit: https://therealdeal.com/new-york/2021... This Or That (Both) Minneapolis Or St.Paul Best Cabin Town In Minnesota (Andy)...

Jun 25, 20231 hr 3 min

We're Back! The Best Minnesota Real Estate Show

ALL OUR LINKS: https://linktr.ee/realestateradiohour What's happening in the market Some buyers turning to 1% down mortgages, but are they worth it? https://www.cbsnews.com/minnesota/new... Big lenders are trying to boost business by offering 1% down mortgages, aimed primarily at first-time homebuyers who are struggling to qualify for a mortgage as a result of the affordability crisis. Rocket Mortgage's program offers to match 2% of the buyer's 3% payment to save the borrower a few hundred dolla...

Jun 21, 20231 hr 2 min

More Help Coming For First-Time Homebuyers (Minnesota Real Estate)

Find Everything About Us & All The Content Here ⬇️ https://linktr.ee/realestateradiohour More help is on the way for first-time homebuyers in Minnesota https://www.yahoo.com/entertainment/m... . Buyers are short $8k. What are my options? The seller is set to close the deal with the buyer next week but has been informed that the buyer cannot muster the funds to make the payment and is requesting the seller to pay $8k of their closing costs to make the deal work. The seller, who is a working-c...

Jun 02, 20231 hr 2 min

Buying Real Estate With Self Directed IRA #minnesotarealestate

Video Episodes & Our Websites Here ⬇️ https://linktr.ee/realestateradiohour?fbclid=IwAR1rfMXbKwjP7_7bGzrYBdfGIAkXp8I5xe39MX-xjYyHxJZ9D7MDlqeS8u4 What's Happening In The Market? Buying Real Estate With Self Directed IRA - Mindland Trust Senior Business Development Associate Paul Herbes Should Inspections be a legal requirement for listing a property? Minnesota's Construction Industry Gains Thousands Of Jobs Since Pand3mic https://www.bizjournals.com/twincitie... This Or That: Edina / Wayzata ...

May 19, 20231 hr 2 min

Psychic 👩🔮✋ Real Estate (Apple Valley Named Minnesota City Of The Year) #realestate

Full Video Episodes & Our Websites Here ⬇️ https://linktr.ee/realestateradiohour A Psychic joins us to talk real estate... Apple Valley named ‘City of the Year’ by the Minnesota Real Estate Journal https://www.hometownsource.com/sun_th... Best place to buy luxury real estate in Minnesota right now ? Best place to buy a starter home in Minnesota right now? Best place to buy an appreciating home in Minnesota right now? This or that: Prior Lake or Lakeville This or that: Champlain or Blaine Soc...

May 13, 20231 hr 2 min

Buy Or Sell Homes In Minnesota w/ Andy Prasky Or Chris Rooney #realestate

Full Episodes & Our Websites: linktr.ee/realestateradiohour Agent M.D. ~ Handling Objections SRS Brokers $26.9M Sale of Apartment Complex in Rochester, Minnesota https://rebusinessonline.com/srs-brok... Luxury lake homes from Minnesota family compound for sale individually https://bringmethenews.com/minnesota-... Billions of Dollars of Bad Real-Estate Debt Could Mean Big Bank Losses Attached Role Play: A client is looking for a single-family home in a secure neighborhood with a good school s...

May 07, 202358 min

Mortgages for Homebuyers with Good Credit To Cost More — High-Risk Buyers Will Pay Less #realestate

Full Episodes & Our Websites Here ⬇️ linktr.ee/realestateradiohour As of May 1, if you have a 680+ Credit Score with 15-20% down you will see a higher mortgage rate to subsidize higher-risk buyers. https://nypost.com/2023/04/16/how-the... Minnesota Real Estate Journal’s 2023 Real Estate Awards https://rejournals.com/a-big-night-fo... Supreme Court to hear case of 94-year-old Minnesota woman who lost her condo over $2,300 in unpaid taxes (attached) 'Landmark' Lake Minnetonka estate lists for ...

Apr 28, 202358 min

Dealing With Multiple Offers #minnesotarealestate

Full Video Episodes And Our Websites Here ⬇️ https://linktr.ee/realestateradiohour Real Estate Role Play 1. You are a real estate agent working with a family selling their home of 30 years. The family desperately needs to make a good deal quickly in order to cover expensive medical bills. 2. You are a real estate agent working with a veteran family to find a new home quickly. You must be aware of the special benefits and programs available for veterans, and be able to find a suitable home that m...

Apr 21, 20231 hr 1 min

Hardball Real Estate Tactics #minnesotarealestate

https://linktr.ee/realestateradiohour https://chrisrooney.com/blog/watch-ou... 9 HARDBALL TACTICS USED IN REAL ESTATE NEGOTIATIONS Blue Cross Blue Shield of Minnesota closes main building Meet The 4 Largest Landowners In Minnesota Is it normal to have to kick out buyers from a showing? New homeless shelter near prospective buy? Leave it? Social Media Reacts Sell This Listing Agent M.D....

Apr 14, 20231 hr 1 min

Minnesota Real Estate Experts

linktr.ee/realestateradiohour Why do realtors hate submitting low ball offers? Genuine question--why do realtors hate submitting low ball offers for their clients? Is 10% below asking a low ball offer if it's been on the market for 3 months? Does it affect the realtor's reputation at all? It's the buyers submitting the offer, so I'm not sure why realtors hate it? AGENT M.D. - the importance of the disclosure statement. Real Estate Social Media React Sell This Listing...

Apr 09, 20231 hr 2 min

Elon Musk: 'Most Serious Looming Issue' is Commercial Real Estate Debt Market

Watch Full Video Episodes & Find Our Websites Here: https://linktr.ee/realestateradiohour Home sales spike 14.5% in February as the median price drops for the first time in over a decade https://www.cnbc.com/2023/03/21/febru... Our real estate agent wants to buy our house, need advice. This is an off market deal. The house is not/will not be actually listed. This agent acted as our buying agent for this house 2 years ago. T he offer price is at market value and they are charging a 6% commiss...

Mar 31, 20231 hr 2 min

Minnesota to BAN Corporations Buying Single-Family Homes? #realestate

Full Video Episodes And Our Websites Here: https://linktr.ee/realestateradiohour Monthly Brokerage Stats & National Data ~ March 2023 Minnesota to BAN corporations buying single-family homes Minnesota recently introduced a bill (HF 685) to ban corporations and businesses from buying single-family homes to convert into a rental units, in an attempt to get more families into single family homes and build equity. https://www.revisor.mn.gov/bills/text... Is “First home isn’t your forever home” o...

Mar 27, 20231 hr 3 min

Goldman Sachs: 99% Of Borrowers Have Mortgage Rate Lower Than Current Market Rate #realestate

All Full Videos & Our Websites Are Here ⬇️ https://linktr.ee/realestateradiohour My agent (buyer side) is asking for 3% commission. If the seller only offers 2% to the buyer agent then my agent is asking me to cover the difference 1%. Is this standard? I live on 3.5 acres. One of my neighbors wants to connect to the water main across my property to save money and get a direct line instead of going around me to the main road. He’ll need an easement on my property to run the water line. What a...

Mar 17, 20231 hr 2 min

Will Your Kids Be Able To Afford A Home? #minnesotarealestate

Find FULL Video Episodes Here & Our Websites: https://linktr.ee/realestateradiohour It would be helpful to understand the approach each Realtor takes on: Do they always send the MLS listing first? Do they always check for sump-pumps? Are radon mitigation systems necessary? What basic checks can you do for major utilities (e.g. furnace, water softener) at a showing? What prior house maintenance can we ideally or practically expect from existing homeowners? Should I dump my realtor? Or am I ov...

Mar 12, 202359 min

Is There Ever A Time To Not Buy? #minnesotarealestate

all our links: https://linktr.ee/realestateradiohour Closing Table Meltdown Stories When the closer asked the buyer if they have made any large purchases since applying for their loan: he said 'no, except for my new truck yesterday.' Once had a buyer and seller squabbling over $300, something insignificant that came up during the final walk through. This was about 10 years ago when both agents, the buyer, the seller and both their attorneys were all sitting there with the title closer. Finally o...

Mar 06, 20231 hr 4 min

Who's Buying All The Single-Family Rentals? #minnesotarealestate

Since the early 2010s, Tricon Residential, Progress Residential, American Homes 4 Rent, Invitation Homes. By 2030, the institutions may hold some 7.6 million homes, or more than 40% of all single-family rentals on the market, according to the 2022 forecast by MetLife Investment Management. https://www.cnbc.com/2023/02/21/how-w... Went under contract for a new build 6 months ago and now that same floor plan is selling for 80k less. The house isn’t done being built yet. I’m second guessing the ent...

Feb 25, 20231 hr 2 min

How To List Homes In Minnesota #realestateagent

Find all video streams & our websites here: https://linktr.ee/realestateradiohour?utm_source=linktree_profile_share&ltsid=ff17be6c-4808-475e-83c2-5c7a5eef4856 My Agent Competed Against Me My agent competed with me while representing me and submitted a higher offer, purchased the house and living in it. I just found out about it 6 months after it has happened. What can I do about it? What's the most ridiculous, funny, or silly buyer's "demands" you've ever had? Hutchinson movie theater wi...

Feb 17, 20231 hr

Giving Minnesota Homes Makeovers #realestate

Full Video Episodes & our websites here: https://linktr.ee/realestateradiohour?fbclid=IwAR1rfMXbKwjP7_7bGzrYBdfGIAkXp8I5xe39MX-xjYyHxJZ9D7MDlqeS8u4 Today's Schedule: Redfin stopped showing difference between sold at and listed at price... Appraisal came in at under $100,000, anyone have any experience with something like this? Why must all new subdivisions have an HOA? Thoughts on buying a house in front of a graveyard? Real Estate Makeover Role Playing Social Media Reacts Photo Credit: Extr...

Feb 11, 20231 hr 3 min

Minnesota Real Estate Experts Chris Rooney & Andy Prasky

Find All Video Links & Our Websites Here: https://linktr.ee/realestateradiohour?fbclid=IwAR1rfMXbKwjP7_7bGzrYBdfGIAkXp8I5xe39MX-xjYyHxJZ9D7MDlqeS8u4 Real Estate Role Play... Chris & Andy test each other in different situations. Guess The Price! Will give you listing details, you guess the price. Minnesota Realtors names new CEO after longtime leader announces plans to retire https://www.bizjournals.com/twincitie... Landmark Properties to Expand into Minnesota with Luxury High-Rise Studen...

Feb 03, 20231 hr 5 min

Mortgage Demand Jumps, As Interest Rates Drop To Lowest Point In Months #minnesotarealestate

Find our websites & social here (watch video version on facebook / youtube): https://linktr.ee/realestateradiohour?fbclid=IwAR1rfMXbKwjP7_7bGzrYBdfGIAkXp8I5xe39MX-xjYyHxJZ9D7MDlqeS8u4 Mortgage demand jumps nearly 28% in one week, as interest rates drop to lowest point in months https://www.cnbc.com/amp/2023/01/18/m... Seller's agent accidentally sent incriminating texts to my agent after inspection.. My husband and I are seriously considering buying a modular home. I would love to hear from ...

Jan 27, 20231 hr 1 min

Average Mortgage Cost Reaches 45% of Household Income, Highest Level in 40 years #MNrealestate

Find all video versions of the show and our websites here: https://linktr.ee/realestateradiohour?fbclid=IwAR1rfMXbKwjP7_7bGzrYBdfGIAkXp8I5xe39MX-xjYyHxJZ9D7MDlqeS8u4 The average mortgage cost reaches 45% of household income, highest level in 40 years. At 45% of median household income the average mortgage cost is now much higher than even the peak of the 2000s housing bubble. The only period in history in which the number was over 45% was the late 1970s to early 1980s. How do you foresee this nu...

Jan 20, 202359 min

All Things Minnesota Real Estate #realestate

Youtube Video Version: https://www.youtube.com/watch?v=9mXjVHndR60&t=1s Facebook Video Version: https://www.facebook.com/RealEstateRadioHour/videos/564735131846282 Is Modern Transitional The Look For 2023? What is something your current home has shown you is a must NOT have in your next house? (Thread) https://www.reddit.com/r/RealEstate/c... What style do you think will come next after this whole grey everything trend dies? Do I need Owners title insurance? I'm purchasing a town home that w...

Jan 07, 20231 hr 2 min

Agents Gear Up For A Turbulent 2023 Housing Market? #minnesotarealestate

Youtube Video Version: https://www.youtube.com/watch?v=IlDmh6Qy50k Facebook Video Version: https://www.facebook.com/RealEstateRadioHour/videos/699846755127267 Real Trends: Agents gear up for a turbulent 2023 housing market https://www.realtrends.com/.../agents-gear-up-for-a.../ Citing costs, University of Minnesota might sell president's St. Paul mansion Good Investment? https://www.bizjournals.com/.../university-minnesota-sell... Per my realtor "No one truly likes their first house, it's just t...

Dec 31, 20221 hr 2 min
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