You're listening to the John and Heidi Show Bonus Hour. If you miss any of the program, you can find a podcast at the bottom of the page at Johnny Radio dot com. Thank you for listening to The John and Heidi Show on a Monday. We are excited for Brent Baker to be joining us in the studio to be chatting with him about the real estate market in the Sioux Empire. Also coming up later this hour, we have This Day in Sioux Falls History, and at the tail end of the hour, it's a
movie Star Monday. We have David Rashki joining us. He's in a new movie called About My Father, But I remember him from Sledgehammer on TV back a long long time ago. Hilarious guy and he's been in a ton of movies. Excited to chat with him. Coming up at the end of this hour for a movie Star Monday. Yourself. It's more important than ever to have a better credit card. At better credit cards dot com, we offer
a variety of credit card options to fit your needs. Whether you want a card to give you cash back or a credit card to help you build your credit, we probably have it ad Better credit cards dot Com. That's better credit cards dot Com yourself cards. Thanks for listening to the John and Heidi Show. Bonus. How we're excited right now? I have Brent Baker joining us in the studio with Client's First Group and Keller Williams. How are you sir? I am fantastic today. Always good to have you in here.
And we get to talk about all kinds of fun things that have to do with real estate. And today I got to talk about a conversation and you have a little conversation here about condos. And this is something that is fascinating to me because there was probably a time in my life where I would never have even considered a condo. The over I get, the more I go, it would be so nice to have somebody else. It just does all
of this stuff for me. There are some huge benefits to living in a condo compared to, you know, being the one responsible for all that stuff on your own, aren't there. Well, that is the attraction to a condom. I had a family member who lived in a condo for years and it was great for her. You know, somebody keeps a yardboat. She never had to go out there and do that, so she could do her
other activities. And for her lifestyle, that was clearly the way to go, and she didn't have to own a lawn more and back then there were no electric mowers. Yeah, And so part of this is there's kind of some shared ownership because you have your piece, but there's other pieces that it's like an association almost. Is that what you would call it? Correct?
So you own the inside of your walls. The interior you can decorate, however, and depending on how the structure is designed, you might have common hallways, common areas. You don't really own anything outside of those walls, but you do have common areas outside or in the hallways. Some condos literally you exit right to the outdoors, which is nice because then you have the feeling of independent living. Yeah, and you know if your entrance is clean,
it's because you kept a clean Yeah. Absolutely. Now, are there special financing things you have to do when it comes to buying a condo? Is that the same as buying a house or is it different? There are some differences there and you have to be aware of those. And so if you go to your lender and they say, well you're going to be you know, you're a proof for FHA or VA. Now we have to be
concerned that that facility meets the standards. So there are standards for percentages or ratios of ownership to renters, and so the banks have to look at these a little differently. There are some guidelines and in addition to a payment, if you're buying this and getting a mortgage, sometimes there are like association fees and things. Is that correct as well? With like a condo, there are always a homeowners association and that is for maintaining the grounds, the exterior
of the structure and so forth. And you'll find that same thing in townhouses generally. Okay, And a townhouse is different than a condo or is that
the same? Yeah, they have different legal aspects to them. So when it comes to the homeowners association fees with the condo, what all it would be included in that Because we were talking about like maintaining the lawn and shoveling and that, are there other things too that are covered within correct So in some of them it is not just the exterior maintenance in the grounds, but also your garbage. Some condos have swimming pools, so they have the maintenance
of those items. And you also have to look at and say, is that hway relevant to the facilities. So if it's an older facility, say it's a thirty or forty year old structure, but the hr way does are really low, you might be concerned that they're not stocked accumulating enough funds for maintenance because as a building ages, maintenance is just going to get more expensive,
you know, to maintain the properties. So there have been cases, not locally for fortunately that I'm aware of, where they were not taking in enough funds and then a major project came in and now they're too short. The jump in HWA you know, is would be too much. So wow, it's important to talk to somebody who is really well versed and say is this an appropriate HWA fee? Yeah. So when it comes to buying a
home, a lot of the time there are inspections, they're involved. How does that work when it's something like this where it's a you know, you don't have the whole thing. Are they just inspecting your unit or the whole facility? Then, so they're going to inspect the unit, but they will still make general observations about the exterior the structure. You know, they're not going to dig into it, so to speak. But home inspector does us every day, so they know what to look for. Even on the exterior,
that might be a telltale sign. So say all of the decks are very weathered and maybe looking a little raggedy. Okay, then we need to start asking questions. Is this on the repair list for the facility in general or not? And it's well worth the money? And how about insurance when it comes to buying a home, that's another thing. Make sure you have homeowner's insurance. But I've heard of a renter's insurance as there, like insurance
for condos as well. I'm assuming there has to be something. I guess yes, and so that would be also something that's included in the h away. Is insurance for the exterior of the structure. Does not include the interior of your unit or your personal property. But that's part of what's included in your h away. So if somebody listening would like to learn more about this, maybe they're saying, Hey, I've got a home, I've got all this space, kids are grown and gone, I don't need all of this
anymore. Maybe it's time for me to move into a condo and let Brent sell my house and have Brent helped me buy a condo? How do they get a hold of you? I can be found at six zero five three one zero zero two seven or Brent Baker at kW dot com. Are there quite a few condos on the market at any given time or is that something where there's a limited supply? You know there's a lot of them out there,
but you don't see a lot of them available. Yeah, certain facilities have a little higher turnover, but they tend to be older, very nice. If you would like to connect with Brent, you can reach out to him if you if you missed his number. Clients FirstGroup dot com as the website as well, and you can always reach out to me and I'll gladly get you in touch with him. Thanks for listening to the John and Heidi
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point three. It was on this day June twenty six, twenty twenty, the Guy Fieri, popular host from Diners, Drive Ins and Dives on the Food Network, visited Sioux Falls. He visited and filmed and no less than five locations around the area, among them Urban Chislick and Labella Ethiopian Restaurant, which would be included in the January first, twenty twenty one episode South Dakotasmorgus
Board. Also, he stopped by Bread and Circus Sandwich Kitchen that air January sixth, twenty twenty one, for Spice and Things Up Looks Market air January twenty ninth, and an episode entitled Savory Meats and a Little Sweet and Daily Clean Food and Drinks on Ribstickers that aired February twelfth. Guy drove around town and his iconic red convertible, posing for photos, chatting it up with the locals, and being an all around awesome guy, all while taking in some
of the best cuisine Sioux Falls has to offer. However, I think so much told let him know that there's plenty more that he could come back for. Maybe invite him back for more delicious Sioux Falls food. This day in Sioux Falls History has been brought to you by the Sue Falls Fund Page at Sue Falls funpage dot com and Sunny ninety three point three. How much do you pay for your cell phone every month? If that's more than fifteen bucks,
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fifteen dollars a month. Learn more now at mintervention dot com. Here's your market being minute for Monday, June twenty six, brought to you by Genesis Gooldira dot com. Equity markets pulled back last week as traders prepare for this week's PC price index. The price index is expected to show another hot increase in consumer level inflation and keep the Fed on track to hike rates again. The question is if the FOEMC will hike by only twenty five basis points or
will it hike another fifty or more. As it is, the market is only pricing in a single interest rate hike and may be surprised by the data. This week, the SNP five hundred pulled back and snapped a winning streak, but is still above the key forty three hundred level, so the near term uptrend is intact. The index may pull back to forty three hundred before moving higher, but the stage is set for the updraft to continue even with
hot inflation. The rise of AI and stimulus related government spending underpinn strength and the tach in industrial sectors and will help the market move higher. The question is how high the market will go before the reality of the Fed's new normal is realized. You could get the insidetrack at MarketBeat minute dot com. Why did the Chicken cross the road to save money on insurance? At insurance chicken dot com. Do you have the best plan for you? Find out an
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