Raleigh Real Estate Podcast with Chris Gorman
36 episodes - English - Latest episode: 8 months ago -If you are looking to buy or sell a home, get all the information and the latest updates, tips, and tricks from Gorman Residential Real Estate Services - your professional Raleigh Real Estate Agents.
Homepage Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Episodes
The Rate-Price Enigma: What's Keeping Housing Market Dynamics Afloat?
August 31, 2023 00:00 VideoExplaining why the current housing market likely won’t have a crash. In a twist that’s left many scratching their heads, the housing market is displaying an anomaly: interest rates are soaring to levels not seen in decades, yet prices aren’t plummeting as one might expect. What’s behind this unusual phenomenon, and does this mean a crash is on the horizon? Let’s break down the reasons and shed light on the factors contributing to this unexpected market behavior. Feel free to watch the ful...
3 Secrets To Successful Home Staging: Elevate Your Property's Value
August 22, 2023 00:00 VideoWhen it comes to selling your home, first impressions matter. Properly staging your home can significantly impact its perceived value and attract potential buyers. By strategically arranging and presenting your space, you can create an inviting atmosphere that resonates with prospective buyers and boosts your home’s selling price. To help with this, I’m sharing three key tips for staging your home to maximize its appeal and increase its market value: 1. Declutter and depersonalize. Remove a...
Navigating Today’s Market: Key Insights on Inflation, Interest Rates, and More
July 19, 2023 00:00 VideoExplaining changes in the economy and the impact on the housing market. Are you aware of what’s happening in today’s economy and how it affects the real estate market? The truth is that this is essential information to stay on top of, so I’m here to help with that. Today, I’m covering inflation, interest rates, supply and demand, and more. This will help you make informed decisions about how to act in today’s market. Listen to the full explanation in the video above or skip to specific t...
Find Your Perfect Match: Tips for Selecting a New-Construction Home
June 29, 2023 00:00 VideoThese three tips will help you find your perfect new-construction home. Due to low inventory and many homeowners hesitating to move because of their low interest rates, a lot of buyers are looking into new construction now more than ever. If you’re thinking of purchasing a new-build home, there are a few things you need to consider. Today, I’m sharing a few tips to help you choose the right new-construction home for you and save money. Feel free to watch the full video or use these times...
This Is How You Win With a Home-Sale Contingency
June 23, 2023 00:00 VideoDo you already own a home but want to buy a new one? Unfortunately, not everyone has the money to keep two homes and pay both mortgages. Most people will have to sell their current property to have the funds to pay for the new house. However, two transactions can sometimes mean double the headache. If you’re in this position, what can you do to ensure a successful home purchase? One option that you have is to include a home-sale contingency clause in your offer. This means you will only buy ...
How To Make Money by Investing in Real Estate
June 08, 2023 00:00 VideoThree avenues you can take to make money with real estate investing. I’ve always said that real estate is one of the best places to invest your money. If you want to get started building long-term wealth through property, you’re in luck. Today, I’m sharing details about the three main ways you can invest in real estate in our current housing market. Each option has its pros and cons, so make sure you stick around for the explanation of each method. You can watch my full explanation in th...
3 Essential Facts About Our Housing Market That Sellers Need To Know in 2023
May 24, 2023 00:00 VideoSharing three key insights every home seller needs to know in this market. It’s no secret that the housing market is constantly changing. What might have been good advice for home sellers two years ago no longer applies, so if you’re still operating on old logic, it could hurt your sale. That’s why today, I’m sharing three things you need to know to sell your home in today’s market: 1. It’s still a seller’s market. There’s still a shortage of supply, with less than two months’ worth of in...
Is the Housing Market Safe? Analyzing the Impact of the Fed and Inflation
April 21, 2023 00:00 VideoAnalyzing how the Fed and inflation affect the housing market. Do you know what’s going on in the real estate market? There is so much information floating around about the Fed, inflation, interest rates, inventory, and more, so it can be hard to keep up! To help you with this, I am here today with an update on how inflation is affecting our market, what this does to supply, and what we can expect in the future. You can listen to the full video above or skip to specific topics using thes...
Fed Rates and Mortgages: A Guide to Understanding Interest Rate Trends
April 07, 2023 00:00 VideoHere’s what you need to know about mortgage interest rates. What is a 30-year fixed-rate mortgage, and how does it relate to interest rates and the Federal Reserve? Recently, we discussed the Treasury and what it means for interest rates, so today, we want to take things a step further and explain how this relates to your mortgage. If you’re thinking about buying a home, this is critical information. You can listen to my full explanation in the video above or skip to each topic using th...
10-Year Treasury Note: What It Is and How It Works
March 24, 2023 00:00 VideoHow the 10-year Treasury note works and when you can profit from it. What is the 10-year Treasury note? In a nutshell, it is an investment vehicle that you can buy, similar to buying a stock. However, unlike stocks, you can’t sell at any time that you want. When can you make a profit, and how does it work? As part two of our series on interest rates, today I’ll discuss the 10-year Treasury note in detail. Feel free to watch the full video above or use these timestamps to browse specific t...
How To Understand the Fed and Interest Rates: Part 1
March 10, 2023 00:00 VideoThe Federal Reserve controls monetary policy, which affects interest rates. Today, we’re going to be diving into the first part of a three-part series on the Federal Reserve and interest rates. How are interest rates and federal policy related? In this fascinating series, we will explain how all of this is tied together. In this episode, we’ll discuss what the Fed really is and how it uses its policy to affect the economy. Feel free to watch the full message above or use these timestamps ...
The Truth About Today’s Real Estate Investments
March 01, 2023 00:00 VideoThe truth you need to know about investing in real estate today. Have you ever thought about investing in real estate? If you’re in it for the long haul, it can be a very beneficial investment. However, I recently read an article saying investors were rapidly leaving the real estate market. Is that true? What does that mean for our area’s market? I am here today to answer all these questions and more about investing. Hear the full explanation in the video above or skip to specific topics...
What To Know About the State of the Market
February 09, 2023 00:00 VideoThe market is healthy but changing. Learn how you can best navigate it. Where is our market today, and where will it head in the future? This is a topic that I am very familiar with. It comes up a lot, especially after the tumultuous six months we just went through. Today, I am answering that question. Feel free to watch the full message above or use these timestamps that will direct you to various points in the video: 0:00 — Introduction 0:46 — Housing demand is up 1:27 — Interest rat...
The Biggest Seller Mistake You Need To Avoid
January 12, 2023 00:00 VideoWhat you should and shouldn’t do when selling and buying at the same time. What should you make sure to avoid when selling your home this year? Most of the time, when you need to sell a home, you also need to buy another one. If you wait to work on your current home until the property that you love appears on the market, you will find yourself in a bad spot because you haven’t done anything to prepare for the sale of your home. If this happens, you can either pass up on the house because...
Turkey Toss 2022
November 23, 2022 00:00 VideoThis year and every year, we’re thankful for you in our lives. On the weekend before Thanksgiving, we held our 2nd annual Turkey Toss for our past clients. We gave away over 90 fresh Thanksgiving Turkeys! So many past clients of our team came through the line to grab their turkeys. We had the best time connecting with these Gorman Residential clients, chatting with them, seeing their families grow & giving out hugs. We love this unique event as our team feels it allows us to be a part of s...
Why It’s Critical for Sellers To Act Now
September 19, 2022 00:00 VideoIf you want to sell, the next 12 to 24 months are critical—Here’s why. A lot is going on in the real estate market. I just want to take a moment and update you on what’s happening today. We’re finally starting to see the headlines that prices are falling, but our area has not been affected yet. Prices are still holding steady. However, we are seeing a record number of price drops in the market. Last month was a 400% year-over-year increase from August of 2021 in terms of the number of lis...
Is the Market Going To Crash?
September 08, 2021 00:54 VideoHere’s why we’re not in a housing bubble or headed for a crash. Everyone’s been discussing whether we’re in a housing bubble or not, so today I want to address those concerns. It’s been about 13 years since the last real estate market crash, so it’s still fairly fresh in our minds. Many of us grew up with it and its aftermath, so we have this constant fear in the back of our minds that it’s only a matter of time before it happens again. Plenty of things we’re currently seeing in the mark...
Solving Real Estate’s Biggest Problem
March 23, 2021 13:54 VideoHere’s why our partnership with Homeward is big news for buyers. The No. 1 problem in real estate right now is that many folks want to move but need the equity out of their current home to buy their next one. Furthermore, they don’t want to put their current home on the market without first knowing where they’re going. This is doubtless a tricky situation, but thankfully, we’ve been working on a practical solution. In a fast-paced, low-inventory market like ours, the best way to buy your...
Why the Real Estate Market Has Remained Strong
March 09, 2021 00:00 VideoHere are four graphs that explain why our market has defied the pandemic. After one full year of dealing with a pandemic, many of us are reflecting on the ways in which our daily lives have changed. The economy is still bruised, and recovery will take some time. Luckily, the real estate market hasn’t skipped a beat. In fact, its pace has increased significantly. How is that possible with record-high unemployment? At 0:30 in the video above, I’ve included a graph that displays unemployment...
Why the Real Estate Market Has Remained Strong
March 09, 2021 00:00 VideoHere are four graphs that explain why our market has defied the pandemic. After one full year of dealing with a pandemic, many of us are reflecting on the ways in which our daily lives have changed. The economy is still bruised, and recovery will take some time. Luckily, the real estate market hasn’t skipped a beat. In fact, its pace has increased significantly. How is that possible with record-high unemployment? At 0:30 in the video above, I’ve included a graph that displays unemployment...
What’s on the Horizon for Our 2021 Market?
January 11, 2021 19:57 VideoHere's what I predict for our real estate market in 2021. What can we expect from the Triangle area real estate market in 2021? 2020 was an interesting year, to say the least. Lots of industries were decimated, but real estate wasn’t one of them. We saw some extraordinary things happen. Listing inventory, for example, dropped by 50% compared to 2019, which created a huge supply problem. Exacerbating this problem is what economists are calling The Great American Move. Basically, people are...
Q: What’s the Latest From Our Market During COVID-19?
June 22, 2020 19:32 VideoHere’s why both buyers and sellers have good reason to act now. Inventory is once again at the forefront of our discussion over the ongoing impact of COVID-19 on our market. If we look at the second of June (the latest data set we have at the moment), the number of new homes listed was down 11% over the same week of the prior year. Pending listings, on the other hand, were up about 30%, meaning more homes are selling than are coming to market. This inventory problem is being compounded ...
Q: Has COVID-19 Pushed Us Into an Even Stronger Seller’s Market?
June 02, 2020 15:15 VideoThe COVID-19 lockdown has turned us into an even stronger seller’s market. In the past couple of weeks, my team and I listed a couple of homes that were, in my estimation, slightly overpriced and had several other inherent issues. I expected these homes to take a while to sell and possibly require a price reduction or two. However, one of them sold in just a day, and the other sold in a week—both of them at or above asking price. This was proof that what we expected to happen to our mark...
Virtual Tour for Our New Listing!
May 15, 2020 14:35 VideoCheck out this virtual tour video for our new listing at 3116 Herdsman Way Raleigh, NC! Stunning finishes & details throughout this custom home make it truly unique. Top notch built-in’s galore, custom paint, shiplap wall in entry,extensive crown molding & trim work, & custom designer lighting throughout. The gourmet kit boasts SS Bosch appliances, center island, granite, 42 in cabinets, tile backsplash. 1st floor bedroom-perfect for in laws complete w/en suite bath.Unfinished basement has...
When Can You Expect a Rebound for Our Economy?
April 24, 2020 20:15 VideoI’ve got some important information to share today with those of you who have been curious about when an economic recovery might happen. The first thing they’re expecting is a “v” shaped recovery, which means that because we saw a rapid and quick decline, we’ll see a sharp and quick rebound. Compared to other recessions we’ve had in the past, it has taken much longer to recover. Another thing you should know is that our unemployment rate will drop significantly in just the next year.
Cut Your Monthly Expenses
March 26, 2020 18:08 VideoIf you’re looking for ways to cut your monthly expenses, here are a couple of quick tips that will help: 1. Look at your home and auto insurance. About a month ago, my company started a joint venture with HUB International, the largest private insurance company in North America. I had them quote my home and auto insurance, and now they’re saving me about $1,000 per year. You can do the same thing, so just give me a call and I’ll refer you to our insurance representative. 2. Look at your m...
Why You Should Update Your Home Before Listing
January 21, 2020 15:04 VideoShould you invest the time and money necessary to make your home move-in ready before you sell? Here’s what I think. If you have a home to sell and it needs updates, is it better to do the updates before you hit the market or should you offer some kind of allowance or discount to buyers instead? Here’s my opinion. When you’re selling a house that needs updates, it’s always better to make those updates before you hit the market. For starters, it gives buyers that move-in ready feel. “You ...
What to Expect in 2020
December 17, 2019 15:14 VideoAs we head toward a new decade, I wanted to talk to you about a few things that you can expect from the real estate market in 2020. The new year is almost here, but what’s 2020 going to look like for our real estate market? First, we can use history to predict what will happen in the future. From December 2018 to January 2019, we saw a 42% increase in new listings. That’s not surprising, because people tend to wait until after the holidays to list their homes. This means that the typical ...
4 Tips for Selling Your Home During the Holiday Season
November 22, 2019 20:47 VideoWhether or not you have to sell during the holidays, here are a few things to consider when it comes to selling during this season: 1. There are more serious buyers in the market. With everything else that they could be doing around this time of the year, people who shop for homes in November and December aren’t just looking for fun. They’re buying because they need to buy a home. 2. Don’t go overboard with your decorations. It’s fine to decorate for the holidays, but keep them classy. ...
Join Us for Our Upcoming Client Appreciation Party
October 31, 2019 00:00 VideoYou are cordially invited to our upcoming client appreciation event. On Saturday, October 19, join us at Hill Ridge Farms in Youngsville from 11 a.m. to 2 p.m. We’ll have a live musician, a BBQ food truck, up-close magic, and much more fun for the whole family. We’ll be sending out invitations here in the next few days, so keep an eye out for that in your inbox. This is our small way of saying thanks to all of you for trusting us with your business and referrals. To learn more about the even...
How Our “Flip for Free” Home Seller Service Works
October 06, 2019 00:00 VideoHow would you like to make more money when you sell your home without having to spend a dime of your own? Our team has been working with a particular program that will help you do just that, though we haven’t really been actively marketing it. Here’s how it works: Oftentimes when you sell a home, there are things that should be done to improve its condition so as to earn you top dollar for its sale. However, many sellers lack the liquid cash needed to be able to invest in those projects. ...
What You Need to Know About the 2020 Tax Reassessment
September 11, 2019 00:00 VideoWake County reassesses property tax values of all area homes every four years. The next reassessment will occur on January 1, 2020, meaning that’s the day where the tax value on your properties may change. There are two likely outcomes of this reassessment: Your taxes will either go up or down. Most of the time, when your taxes are lowered, that’s a great outcome. However, if your property is valued to be higher than its market value (meaning you’ll pay more in taxes), there is a process b...
How We Saved This Seller From Losing Tens of Thousands of Dollars
July 21, 2019 00:00 VideoI don’t usually sell stories about my clients, but today I’ve got one that I believe you might be able to learn from. Recently, our team met someone who was in the middle of transitioning between homes. They had already gone under contract with the home they were buying next but had yet to sell their current home. This person was very invested in making sure their deal worked out, but they weren’t sure they should try to list on the open market. So, they decided to look into selling their...
Knowing the Right Time to Put Your Home on the Market
June 03, 2019 20:13 VideoWhen is the best time to list your home? A lot of people assume the answer is spring because there are usually a lot of buyers looking to move during this time, but because of this, a lot of houses come on the market as well. What happens, then, is that supply and demand mirror each other. As a result, June is typically the month with the highest number of closings, and after that, it trickles downward before spiking again in August. In any case, people buy homes all 12 months out of the...
The True Cost of Buying a Home
May 19, 2019 00:00 VideoMost people understand that when they buy a home, they’ll need a down payment, but there are many other costs involved that they tend to forget about. Here are some of the costs that you’ll incur. After you go under contract, you’ll move on to the due diligence period. During this time, you’ll have to pay $400 to $500 for a home inspection, as well as fees for a termite inspection, a $100 radon test, and an HVAC inspection, which will run about $150 per unit. Your lender is also going to...
5 Factors You Must Consider Before Flipping a Home
April 01, 2019 15:00 VideoSo you think you’re ready to start flipping homes? Here are five points to consider before you get started: 1. Will you make money when you buy it? The cost of the renovation and the after-renovation value are fairly predictable within a reasonable margin of error, so the lower you buy, the better the margin. However, finding deals in this market is pretty tricky—most great deals are bought before they ever reach the market. Professional flippers spend a lot of time and money digging up th...