Real Estate Podcast with John Quinn
84 episodes - English - Latest episode: 3 days ago -If you are looking to buy or sell a home, get all the information and the latest updates, tips, and tricks from The John Quinn Home Selling Team - your professional Memphis Real Estate Agents.
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Episodes
How Real Estate Agents Get Paid
April 24, 2024 00:00 VideoReal estate commissions often raise questions for sellers, who wonder about the value they receive for the fees paid to agents. Understanding how commissions work provides clarity on their role in real estate transactions. When listing with an agent, commissions typically follow a standard structure: Buyer’s Agent Commission: In a 6% commission scenario, 3% is allocated to the buyer’s agent who brings a qualified buyer. This incentivizes agents to show your property to potential buyers. W...
Why Property Disclosures Are Essential for Home Buyers
March 28, 2024 04:00 VideoUnraveling what property disclosures are and why they’re important. So, you’ve found the perfect home. It’s charming, well-maintained, and has that fresh coat of paint you adore. But before you sign on the dotted line, there’s a crucial step you shouldn’t overlook: scrutinizing the property disclosure. What exactly is a property disclosure? It’s a document provided by the seller that outlines any known issues or flaws with the property. These could range from minor quirks to significant s...
Why Property Disclosures Are Essential for Homebuyers
March 28, 2024 04:00 VideoUnraveling what property disclosures are and why they’re important. So, you’ve found the perfect home. It’s charming, well-maintained, and has that fresh coat of paint you adore. But before you sign on the dotted line, there’s a crucial step you shouldn’t overlook: scrutinizing the property disclosure. What exactly is a property disclosure? It’s a document provided by the seller that outlines any known issues or flaws with the property. These could range from minor quirks to significant s...
How Paying for Interest Rate Points Works
March 13, 2024 05:00 VideoHere’s what you need to know about buying down your interest rate. What are interest rate points, and should you pay for them? Essentially, interest rate points allow you to pay money upfront to lower your mortgage interest rate. The more money you pay upfront, the lower your monthly payment will be. However, is this deal worth it? Generally, points are only worth it if you keep your mortgage for a long period of time. If you plan on refinancing or moving within a few years of signing your...
Top Home Improvements for Maximum Resale Value
February 23, 2024 05:00 VideoLearn which home upgrades can significantly enhance your property's value. Maximizing Usable SpaceExpanding and enhancing the usable space within your home can dramatically increase its value. Consider adding or upgrading essential areas, such as: Extra bathrooms. A high-demand feature, especially in family homes. Kitchen expansions and upgrades. The kitchen is often considered the heart of the home; enlarging and modernizing this space can significantly boost its appeal. Master bed...
Mortgage Loan Requirements: Get Your Loan Approved
February 15, 2024 05:00 VideoHere is a list of requirements needed when applying for a mortgage loan. When applying for a mortgage loan, lenders usually request various documents for assessment before approving your application. Here is a list of the documents that you generally need to provide: 1. W-2 tax returns or business tax returns. You should always expect to provide documentation of your long-term income, regardless of whether you are traditionally or self-employed. 2. Pay stub. For each person signing the ...
Boost Your Home's Market Appeal with Strategic Remodeling
January 24, 2024 05:00 VideoNavigate home remodeling like a pro for a successful sale. Are you considering remodeling your home before putting it on the market? Choosing the right contractor is crucial to ensuring the renovation enhances your home’s value and appeal. Here’s a guide to help you make an informed decision and ensure a smooth remodeling process. 1. Research and estimates. Start by researching local contractors. It’s advisable to get at least three written estimates to compare costs and services. This st...
Maximize Your Home's Appeal with These Showing Tips
January 04, 2024 05:00 VideoHow to make your home irresistible to buyers with these expert tips. Real estate showings play a pivotal role in attracting potential buyers to your home. In fact, a recent study revealed that 79% of buyers consider a private tour extremely or very important when making their home-buying decisions. To ensure your showing leaves a lasting impression, here are ten essential tips: 1. Clean thoroughly. Start by giving your home a thorough cleaning. Steam clean carpets, mop or vacuum hard floo...
Why Good Agents Know How To Vet Potential Buyers
December 07, 2023 05:00 VideoHere’s what sellers need to know about vetting buyers’ offers. Moving is an exciting process, especially once you’ve done all the hard work and started receiving offers on your home. However, know that just because you received an offer doesn’t mean your buyer is good for the money. The truth is that part of your Realtor’s job should be vetting buyers to make sure they are qualified. For example, a good buyer should be pre-qualified or, even better, pre-approved. They should also have e...
The Difference Between Inspections and Appraisals
November 07, 2023 05:00 VideoInspections and appraisals are not the same. Here’s how they’re different. What’s the difference between appraisals and inspections? When purchasing a home, you can get an appraisal and a home inspection done during the due diligence period. They sound like they’re kind of the same. So what are the differences, you may ask? An appraisal is mostly concerned with the value of the property. A home inspector is only concerned about the condition of the property. Even though an appraiser will ...
Why You Should Avoid Discount Brokers
September 27, 2023 05:00 VideoUsing a discount broker could cause you to lose out on money. Do you want to sell your home and save the commission? Can a discount broker truly save you money? Due to many homes still selling with multiple offers, you might think, “This is a good time to sell. I could just take some photos with my phone, throw my house on the market, and people will line up down the street.” People go to garage sales because they know they can find good deals. You’re always going to get a discount if y...
Don’t Make These Common Home-Selling Mistakes
August 31, 2023 05:00 VideoSix all-too-common mistakes that sellers make while preparing their homes. Preparing your home for the market is hard enough as it is. Let’s lower your stress by avoiding the six most common mistakes people make when getting their homes ready to sell. Mistake No. 1: Not making the simple repairs. It’s easy to put off simple repairs—life just gets in the way. Nail holes, scuffs, drippy sinks, and dead bushes can all be fixed quickly, and taking care of them freshens up your home. Mistake ...
Why Memphis Real Estate Is a Great Investment
July 31, 2023 05:00 VideoInvesting in Memphis rental properties may be your ticket to financial freedom. With the uncertainty in Wall Street and the overall economy, a lot of people want to know where to safely invest their money. I started investing in real estate more than 30 years ago, and I continue to do so to this day. I purchase rental properties in down markets as well as hot seller’s markets. The main thing to remember about investing in rental property is that it’s not a get-rich-quick scheme. It is a l...
4 Common Seller Misconceptions
June 21, 2023 05:00 VideoHere are four common home-selling myths you should look out for. Have you been watching the news at all? If you have, you know that we are in a strong seller’s market. Homes are selling way over asking price, and sellers are getting extremely high prices and excellent terms. As a home seller, how can you leverage this market to truly take advantage of the opportunities right in front of you? To help you, I’m sharing four misconceptions that are common in our current market that you should...
What To Do if You’re Relocating
May 23, 2023 05:00 VideoAre you moving to a new city and want to keep the bumps in the road to a minimum? When moving to another town, you’re faced with several more moving challenges than if you were to just move locally. What should you do if you have limited knowledge of the vendors necessary to help you complete your move? Your first instinct might be to reach out to a local lender. However, most of them are only licensed in the state where they’re doing business. If you’ve used the same local lender over th...
Which Home Renovation Mistakes Must You Avoid?
May 08, 2023 05:00 VideoWhen it comes to renovating your home, you can spend a lot of money without actually increasing its value. One of the biggest mistakes home sellers make when remodeling is not taking a moment to reflect on why they want to make renovations in the first place. Ask yourself—are you making renovations because you like them and want to stay in your home or because you want to get your home ready to sell? If you’re renovating to sell, focus on the basics that will appeal to the most buyers. For...
3 Pre-Transaction Mistakes To Avoid as a Seller
April 10, 2023 05:00 VideoSellers want to get the most amount of money out of their sale as possible. Here are three common mistakes that most homeowners make that prevent them from doing so: 1. Not Pricing Correctly. Do you price the house at, slightly above, or way above market value? That determines how many buyers will come out and take a look at your home. 2. Not Making or Disclosing Needed Repairs. Get any repairs that need to be done out of the way before getting an offer on the house and waiting for the ho...
3 Tips to Help You Invest in Property
March 14, 2023 06:50 VideoI get asked all the time if people should buy investment property for either passive or retirement income. I believe strongly in investing in both types of income, but you have to be careful how you go about it. I’ve seen too many people invest in real estate only to have it backfire. Here are three tips about investing in rental properties. 1. The biggest mistake I see is that they try not to spend much money out of pocket. You have to keep in mind that you’ll be spending money on repair...
How to Maximize Your Home Sale
February 16, 2023 05:00 VideoHere are six ways you can sell your home quickly and for top dollar. Every seller wants to sell their home in the least amount of time for the most amount of money. How can you make this happen? Today I want to share six tips to help get the most out of your home sale: 1. Neutralize, depersonalize, and declutter. Most people add personal touches to their homes over the years. You might get lucky and find a buyer with your exact tastes, but most people just see these touches as more work ...
What To Consider When Buying a Retirement Home
January 23, 2023 05:00 VideoThe nine things you have to consider to find the right retirement home. Are you thinking of downsizing and moving into a 55-plus community? Whatever your reason is for wanting to make this move, there are eight things you have to consider before listing your home on the market: 1. Size of the community. Some of the 55 and older communities can range anywhere from 30 homes to 3,500 homes. 2. Access to the basic necessities. Do you have easy access to grocery stores, restaurants, movie the...
You Need To Avoid Making These Upgrades
January 11, 2023 05:00 VideoThese four upgrades will cost you more than they’ll earn you in a sale. The market is hot, which is causing a lot of homeowners to want to prepare their homes for sale. What upgrades should you avoid before putting your home on the market? If you’re planning on doing these upgrades because you want to enjoy them and live in the home for a while, then go ahead and do them! However, if your goal is to move soon, certain upgrades will not get you a good return on your investment. Therefore, h...
Options for When Your Home Appraises Low
December 08, 2022 05:00 VideoHere’s what to do when an appraisal is lower than the contract price. What do you do if the appraised value doesn’t match your contract price? Does this kill the deal? I get asked these questions a lot, especially in this hot market with many homes selling for above their listing price. It’s a legitimate concern, and it’s something I deal with all the time. First of all, it’s possible for you to get the appraised value adjusted. Remember that adjusters are very busy; the difference might j...
The Future of Memphis’ Housing Market
October 12, 2022 05:00 VideoHere’s what you need to know about Memphis’ real estate market. Housing values have appreciated by double digits in the last two years—will this insane growth continue? The average home price in Memphis is around $240,000, which is an all-time high. This was mainly due to low inventory and great interest rates, but now that mortgage rates are higher, growth will probably slow down. That being said, home values will remain high as long as inventory stays low. Also, home prices remain r...
There’s No Housing Bubble in 2022
July 22, 2022 05:00 VideoWhy there’s no reason to worry about a housing bubble in 2022. Are we heading into another housing crash like in 2007? Every month, there are thousands of Google searches for terms relating to “housing bubble”. It’s clearly on people’s minds. This market may feel similar to the one back in 2007 due to all the high prices, but is it? For the market to be in a bubble, investment needs to be driving demand way beyond where it should be. So are we in a real estate bubble? I don’t believe we a...
My Tips for Relocating Buyers
June 17, 2022 20:13 VideoAre you moving to a new city and wanting to keep the bumps in the road down to a minimum? When moving to another town, you’re faced with several additional moving challenges than if you were to just move locally. What should you do if you have limited knowledge of the vendors necessary to help you complete your move? Your first instinct might be to reach out to a local lender.However, most of them are only licensed in the state they’re doing business in. If you’ve used the same local lend...
How To Sell Quickly and for Top Dollar
June 02, 2022 00:00 VideoHere are six ways you can sell your home quickly and for top dollar. Every seller wants to sell their home in the least amount of time for the most amount of money. How can you make this happen? Today I want to share six tips to help get the most out of your home sale: 1. Neutralize, depersonalize, and declutter. Most people add personal touches to their homes over the years. You might get lucky and find a buyer with your exact tastes, but most people just see these touches as more work ...
4 Tips to Help You Win in a Seller’s Market
May 03, 2022 17:34 VideoFour tips to help buyers win against multiple offers in a seller’s market. Are you frustrated with trying to get an offer accepted in our current hot seller’s market? Today I want to share some tips to help your offer stand out against all the rest. It can be discouraging to go up against many offers on one home. I recently received 40 offers on one house within 24 hours. So here are four tips to help buyers win in a multiple-offer situation: 1. Offer more than the asking price. Offering ...
What Today’s Buyers Want in a Home
April 18, 2022 00:00 VideoIn the past, most people woke up in the morning, got dressed, and headed into the office to tackle the day. After the pandemic caused many people to begin working remotely, that has changed for a large portion of the population. Today I’ll discuss how that shift has changed the minds of buyers looking for homes in our current market. This will be useful to keep in mind if you’re thinking about selling your home and want to get the absolute best price. What features are buyers looking for ...
5 Tips To Help You Sell Quickly
March 28, 2022 00:00 VideoIf you’re thinking about listing your home on the market, here are some tips to make the process faster and easier: 1. Get a pre-listing home inspection. This way, you can repair any troubled areas before the open houses. 2. Organize and clean. Cut down on clutter and pack up items for storage to make your house shine. 3. Gather repair costs. If you have any big-ticket items that need to be replaced, find out how much repairs will cost, even if you don’t plan on making these changes. Thi...
Should You Do Your Own Plumbing and Electrical Work?
September 20, 2021 00:00 VideoWhen selling your home, you should always get a home inspection, and when you do, electrical or plumbing issues will inevitably come up. Should you do your own plumbing and electrical work? No, hire a licensed plumber or electrician! Though I’ve flipped many homes in the last 30-some years, I always hire a plumber and electrician to take care of the home’s needs. Yes, I could do it myself, but if anything catastrophic is going to happen to the house, it’s likely going to be from broken pi...
Understanding How Sellers Price Homes
September 02, 2021 21:20 VideoIf you’re like most homebuyers, you have two primary considerations. First, how can you find the perfect home? Second, can you get that home for the lowest possible price? It takes skill to do both at the same time. To make that happen, you first have to understand how sellers price homes. Sellers want to get as much money as possible. Many sellers would like to price their home way above market value, hoping that a buyer will pay that kind of a price. We want to make sure that when you ar...
The Pros and Cons of Selling Your Home As Is
July 29, 2021 15:30 VideoToday’s market has been white-hot, and a big reason why is all the investors buying homes for cash as is. If you have been approached with an instant offer from an investor, should you take it? For some sellers, it’s a great opportunity. For others, it’s a trap. The key difference is knowing how much your home is worth on the market. If you can get top dollar for your home, there is no reason to undersell your home for immediate cash. “I can come to your home and help you determine how m...
How to Sell a House That Didn’t Sell
July 02, 2021 15:03 VideoEven in a hot market like this one, there are still homes that go unsold. To make sure a house sells the second time around, it’s important to get an agent who can identify what the problem is. It could be anything from price, to condition, to unknown buyer turn-offs. The fixes could be quick and easy. You might just need a fresh coat of paint or some light staging. Whatever the case may be, if your home went off the market unsold, I’d love to go through the house with you and get an in-...
What Credit Score Do Homebuyers Need?
May 26, 2021 20:04 VideoThere are many misconceptions out there about the kind of credit score needed to qualify for a home purchase. In fact, a recent survey showed that 24% of all renters believed they needed a score above 700 to buy a home. That’s simply not the case. We’ve been able to get people in homes with credit scores in the low 600s. Anything below that makes it really tough to get a house. If you do have a high credit score of 750 or above, you’ll be able to qualify for pretty much any type of loan. ...
Is It Time to Downsize?
May 10, 2021 20:27 VideoIn many homeowners’ lives, it becomes clear that they just don’t need all the space they have in their homes. Here are a few signs that it might be time to downsize: 1. You’re getting close to retirement. We find that many of our sellers are getting closer and closer to retirement age, and they feel that it’s just time to get out of the house and downsize. After all, all the kids have moved out, so they want something a bit smaller. “You could buy a rental property with that passive incom...
4 Tips to Help You Choose the Right Property
April 06, 2021 21:51 VideoWith inventory as little as it is in our market, it can be frustrating for buyers, and you may be tempted to buy any property you can get your hands on. There’s a better approach to choosing the right property, though, and it starts with these four tips: 1. Write down what you really want in your next home. Make a list of ‘must have’ items and items you like but can do without and give that list to your agent. 2. Narrow down the location. I’m sure you can find the perfect house, but if ...
Key Questions to Ask About a Home During a Divorce
March 23, 2021 16:25 VideoUnfortunately, divorce is one of the main reasons why many people sell their homes. When it comes to getting a divorce, many questions need to be answered: Who will keep the house? Should both of you retain the title, or should you sell it and divide up the proceeds? Another thing that people often overlook when going through a divorce is whether or not one party should refinance the house to get the spouse who is leaving off the mortgage. We can help provide guidance on these fronts. If y...
How Should Sellers Handle Multiple Offers?
February 22, 2021 20:06 VideoOver the last few years, Memphis has been in a strong seller’s market. One of the only problems sellers face in this market is what to do when there are multiple offers on the home. Do you take the highest price? The best terms? Those are really good questions, and it’s one of the reasons why we create an entire spreadsheet for our clients that spell out all the offers they receive and how they differ. We don’t always recommend taking the highest offer. Some offers are too good to be true...
How to Avoid Owning 2 Homes
February 08, 2021 21:31 VideoHere’s a common dilemma: You want to buy a house, but you have one you need to sell, too. However, you don’t want to sell your current property without buying the new one first because you don’t want to end up temporarily homeless. In a hot market, which we’re in right now, it’s fairly easy to find a new house and get your current property sold without worrying whether it will sell or not. However, in a typical market or buyer’s market, that’s one of the main issues sellers face. This is ...
How Should I Handle a Low Appraisal?
January 25, 2021 18:27 VideoCommonly, a home’s price will be run up in a multiple-bid situation. The seller is delighted at first but will run into problems when the appraiser comes into the house and assesses it at a lower price. We recently had a home that was appraised at $30,000 below the agreed-upon purchase price. How do we handle this kind of situation? The very first thing is to look to see if there are any mistakes in the appraisal itself. Was some square footage omitted? It happened to us recently. Another ...
Q: What Costs Do Buyers Need to Be Aware of?
January 04, 2021 21:50 VideoWhen purchasing a home, there’s more than just the sales price of the house to consider—there are actually quite a few hidden costs that most buyers need to know about before they submit an offer on a home: appraisal fees, moving fees, tax service fees, title insurance, and more. On average, the typical closing cost on a home can equal almost 4% of the sales price. If you’re buying a $200,000 home, those costs can be upwards of $8,000. For a $500,000 home, they can be around $15,000. Suff...
Happy Holidays From Us!
December 14, 2020 22:15 VideoHappy holidays! Thank you so much for your support this year. We loved working with you and your family and enjoyed helping you sell your house or find the home of your dreams. We hope to connect with you in 2021. If we can ever be of assistance in the future, please give us a call or visit our website. We’d love to help you.
Q: How Do You Pass a Home Inspection?
December 07, 2020 20:23 VideoWhen putting your house on the market, one of the biggest deal-killers is often the home inspection. So what do you need to know if you want to pass the inspection? First, check to see if you have any rotten wood that needs to be taken care of. Rotten siding, etc., can be a real stumbling block for the buyers looking to purchase your house. Also, is your roof brand-new or is it a bit older? Most people can tell if your roof is old, so you might consider getting it updated or replaced. If...
Q: Should You Accept a Contingent Offer?
November 18, 2020 15:57 VideoOne question a lot of my seller clients ask me is whether they should accept a contingent offer on their house. The truth is, most offers already have contingencies built into them—financial contingencies, inspection contingencies, etc. Those are pretty normal, but the contingency most homeowners are concerned about is one that’s based on another house selling. In some cases, this would be a great idea. In other cases, not so much. If your home’s potential buyer has a home to sell, you mu...
Q: What’s Coming Up in 2020?
October 26, 2020 18:54 VideoIn 2020, most predictions were thrown out the window because this year has been very bizarre for everyone. However, I wanted to offer my predictions for how the rest of the 2020 real estate market may go. I believe our Memphis market will remain strong. Of course, it’s always possible the presidential election could change things. What we do know is that prices are increasing and buyers are receiving historically low interest rates. Though prices are rising quickly and some buyers are wai...
Q: What Questions Should I Ask My Agent?
October 08, 2020 20:30 VideoBefore you hire an agent to sell your house, there are some important questions you’ll need to ask them. The first is, “What makes you different and why?” Other questions include, “What are the terms of the listing contract?” and “What’s your track record?” You want to be prepared before you even interview an agent to hire so you make the right decision. If you have questions about this or any other real estate topic, please reach out to me via phone or email. I’m always here to help.
Q: What’s the Latest From Our Memphis Market?
September 18, 2020 18:12 VideoThere’s no doubt about it: The market is hot. This is probably the lowest inventory that Memphis has seen in decades, which means houses are flying off the shelves quickly, often with multiple offers. The best part is that interest rates are historically low; you can get a 30-year loan for just 3% interest—truly incredible if you think about it. Even though prices are going up, these low rates will guarantee you a low monthly payment when you decide to buy. If you’ve been thinking about buy...
Q: Which Rooms Do Homebuyers Care About Most?
August 27, 2020 18:26 VideoHomebuyers all have something specific they’re looking for in a new home and, as it turns out, there are two rooms that homebuyers pay attention to the most when they’re shopping to buy a home: the kitchen and the bathroom. So, if you plan to do renovations on your house to maximize its value before you sell it, you’ll want to concentrate your money and efforts on those two areas. Let’s start with the kitchen. The kitchen is the place where most of your company is going to gather on the ho...
Q: Should You Trust Zillow or Realtor.com?
August 07, 2020 17:55 VideoNowadays, with the internet, it’s so convenient to visit a website to find real estate information. However, the problem that we’re finding with companies like Zillow and Realtor.com is that the information they supply is not very accurate. “Most third-party sites don’t have access to the MLS.” If you really want to find the market value of your home or another home you’re interested in, it’s important to call the real estate agent who listed it or find the information on their website. A...
Pre-Listing Home Inspections
July 24, 2020 17:50 VideoShould you get a pre-listing home inspection? Definitely! If you don’t get a pre-listing inspection, a buyer will have their own inspector come, and they’ll give you a lengthy list of things that need to be fixed on your house. This can botch a home sale for many reasons. Usually, buyers will demand that professional electricians, plumbers, and so on do all of the work. However, when you get a pre-listing home inspection done, you are in charge of what gets taken care of, how it gets ta...