The Great Home Selling Panic of 2024
12:26
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@johnc3812
@johnc3812 2 сағат бұрын
Great information. Thank you.
@peterchirico2153
@peterchirico2153 20 сағат бұрын
HI Are there any pet friendly buildings .
@johnmwieland
@johnmwieland 19 сағат бұрын
HI @peterchirico2153 - YES. But it depends on the type and size of your pet. Are you referring to dogs? If you prefer to call me at 561-777-4089 so I can learn more, I'm available today. Look forward to hearing from you...
@stangedude5646
@stangedude5646 3 күн бұрын
You didnt build your pool. You hired your own contractors...lol.
@johnmwieland
@johnmwieland 3 күн бұрын
That's right. Leverage. Have no skills for that. 👊💪
@lynngowdy860
@lynngowdy860 4 күн бұрын
Excellent video/information! I was thinking why would I want to make an offer without knowing what the seller is offering. But your explanation cleared that up. And your list of services, it reminds me of a recent flight purchase… choose bare minimum, add seat selection, early boarding, extra bag, etc. Saved this for future house hunting reference.
@johnmwieland
@johnmwieland 3 күн бұрын
Good thinking. Makes sense, huh. Buyer representation can be full service or al la carte. But the agreement MUST be negotiated AND signed BEFORE showing property... stay tuned for more!
@lynngowdy860
@lynngowdy860 Күн бұрын
I certainly will as I’ve been pondering a purchase. Thanks again!
@pddoublu
@pddoublu 5 күн бұрын
Excellent break down of all this! Thank you! Question, at the end you said the date is October 14 but throughout your video you were saying August 17. Clarification please..
@johnmwieland
@johnmwieland 5 күн бұрын
August 17th is the Day! Good ear on that one. Are you ready for the change?
@pddoublu
@pddoublu 5 күн бұрын
@@johnmwieland Know I’ll be calling you when I move!
@genebigs1749
@genebigs1749 6 күн бұрын
Thank you John, you always provide tremendously valuable info! I appreciate your videos so much.
@johnmwieland
@johnmwieland 6 күн бұрын
Hey @genebigs1749 - great to hear from you again. Where are ya? Coffee? Wine? Anywho... thank you and you're welcome. My videos are for YOU, not me. Keeping you informed of a changing marketplace is important. YOU need to be informed of what's going on in the industry that I spend 40, 50, 80 hour each week living in. Glad you found this one useful - it's an important event...
@genebigs1749
@genebigs1749 6 күн бұрын
@@johnmwieland I plan on going down to Delray this fall....I will definitely give you a ring. Thanks again!
@iceandflames
@iceandflames 12 күн бұрын
I still prefer Hallandale Beach Florida more it’s a beautiful city with a growing communities and businesses and a good nightlife.🙌🏻❤
@johnmwieland
@johnmwieland 11 күн бұрын
It's great to have a place we live and love! Good for you @iceandflames - interesting how some folks don't love where they live. That's a shame.
@YudithRealEstate
@YudithRealEstate 13 күн бұрын
Great information Mr. Downtown Delray !!!
@johnmwieland
@johnmwieland 13 күн бұрын
@yudithrealestate - Thank you! Hope it's of value... 👍👊
@iceandflames
@iceandflames 18 күн бұрын
I still prefer Hallandale Beach Florida more it’s a beautiful city with a growing communities and businesses and a good nightlife.☀️
@johnmwieland
@johnmwieland 17 күн бұрын
That's awesome. SoFLo has lots to offer folks...
@jeffmaggard3694
@jeffmaggard3694 24 күн бұрын
Nothing is going to happen. They have to keep the price high and make it look like everything is good.
@johnmwieland
@johnmwieland 24 күн бұрын
We know like most markets, real estate is cyclical so prices won't stay high forever. And there are cracks popping up, but the greater trend still looks ok for now.
@williewill1237
@williewill1237 24 күн бұрын
You’re both delusional, more like $250,00
@johnmwieland
@johnmwieland 24 күн бұрын
@williewill1237 - huh? What is $250,00? Both of who? 🙂
@emilo81
@emilo81 24 күн бұрын
I'm not freaking out because Demand is high, inventory is low, and prices are still at record levels.
@johnmwieland
@johnmwieland 24 күн бұрын
@emilo81 - So are you a homeowner/seller? Demand in SoFlo is down from a year ago... inventory is up 83% in Delray Beach YOY (graphs are in the video for other cities) and yes prices are still high, but price drops on active listings are now down 8%. Staying current is key. 👊✌
@clipartinc
@clipartinc 25 күн бұрын
Thanks for your honesty and knowledge!
@johnmwieland
@johnmwieland 24 күн бұрын
That's the only way to do business @clipartinc! ✌👍
@nwj03a
@nwj03a 25 күн бұрын
All it takes is looking at home prices in the USA vs median income. There are charts of it going back to the 1970s. The gap is growing, it has shrunk a few times in a substantial way, but those times are during recession. Unless you are saving to buy during a recession, housing will only ever get more expensive. It’s a fact.
@johnmwieland
@johnmwieland 25 күн бұрын
Great point @nwj03a - I believe the median income to home price ratio is now 40+%? Growing one's income is becoming a big issue to solve..
@pddoublu
@pddoublu 27 күн бұрын
Thanks for info packed 12 minutes! It sounds like holding off buying a condo is the smart choice at the moment with all that’s going on in regards to them. Thoughts please.
@johnmwieland
@johnmwieland 27 күн бұрын
Buying is a personal decision. Yes, there are a lot of yellow warning signs out there, but "this too shall pass" is what some in the market say. HOA's, home insurance prices... they are being stretched like a rubber band - it's it'll find its way back to the mean, soon.
@YudithRealEstate
@YudithRealEstate Ай бұрын
Thank you very much for such an important market update and latest statistics. Love it !!
@johnmwieland
@johnmwieland Ай бұрын
You're welcome Yudith! Glad you enjoyed this one.. 👊
@pddoublu
@pddoublu Ай бұрын
Great analysis as always! I’m curious about what would be the days on market if you broke it down more. Homes up to a million. Homes from 1 million to let’s say 5 million and so on.
@johnmwieland
@johnmwieland Ай бұрын
I'll get that to you right away PDDoublu! Thanks for asking. I can dissect data to a granular level....
@amyp9510
@amyp9510 Ай бұрын
Love your content! Thanks! Keep it coming, I live here a.d its hard to keep up with everything
@johnmwieland
@johnmwieland Ай бұрын
Thanks @Amyp9510 - I try to get 3-4 new ones each month. Yes, there IS a lot to keep up with... and it's fun doing so!
@Jillyre
@Jillyre Ай бұрын
Great video Mr Downtown Delray :)
@johnmwieland
@johnmwieland Ай бұрын
Thanks JillyRe! What's not to LOVE about Delray!?!?
@Jillyre
@Jillyre Ай бұрын
@@johnmwieland agree 🌴☀️😊
@luiscontreras4147
@luiscontreras4147 Ай бұрын
Hola John, love our beach....!!! With your permission... copied and shared on my facebook.
@johnmwieland
@johnmwieland Ай бұрын
Awesome! Share away Luis! Thank you! How do you like my skateboarding skills? 🙂🤙👊
@luiscontreras4147
@luiscontreras4147 Ай бұрын
@@johnmwieland I was wondering what you were riding. You're a natural my friend..!!!
@johnmwieland
@johnmwieland Ай бұрын
@@luiscontreras4147 Kowabunga! Gotta stay young, have FUN, amigo!
@rocinblues
@rocinblues 2 ай бұрын
Per Neighborhood Scout: Delray Beach: " With a crime rate of 36 per one thousand residents, Delray Beach has one of the highest crime rates in America compared to all communities of all sizes - from the smallest towns to the very largest cities. One's chance of becoming a victim of either violent or property crime here is one in 28".
@johnmwieland
@johnmwieland 2 ай бұрын
I did a video about safety here, have a look: kzbin.info/www/bejne/sHTVZHh3h5V5mc0. I'm not sure if the data on their site is old, but living here is much better than what they write. It's odd.
@torsten6777
@torsten6777 2 ай бұрын
Sellers new strategy: list it overpriced by $500k, then do a drastic price cut and the buyer thinks he is getting a heck of a deal, lol. Just like the stores have been doing for decades.
@johnmwieland
@johnmwieland 2 ай бұрын
Unfortunately the Dutch Auction strategy like that isn't working. And it doesn't serve the seller or buyer. It's a waste of time. Price it RIGHT and it'll sell fast in this market. Otherwise, enjoy the "Months On Market" report! Ha
@torsten6777
@torsten6777 2 ай бұрын
Now they need to change it from “days on market” to “months on market”
@johnmwieland
@johnmwieland 2 ай бұрын
Good one - you're right!
@DennisMartins-pp7ry
@DennisMartins-pp7ry 2 ай бұрын
Simply explained love it. Straight to the point so one can gain interest without a cluttered mind the way it should be thank you. Can you help me on buying or building a quadplex? Wanted some more details not sure which way to go, I believe building should be less hassles and if you get involved with some labour yourself, you start with less surprises? Not sure.
@johnmwieland
@johnmwieland 2 ай бұрын
Right on @dennisMartins-pp7ry - Keep it simple. Buy a duplex, then a 4-plex. Repeat. Cash Flow is a good thing!
@thaipassportbro
@thaipassportbro 2 ай бұрын
I'm building a 8' x 37' saltwater lap pool that is 4' deep with concrete blocks. I have all the materials. With me doing the labor the total cost of materials is $3,380. 4 jets, 4 LED lights, skimmer, 2 floor drains, 3/4 hp pump, fabric filter, 4,000' of rebar, and a stainless ladder. 2' x 2' tile inside with a 6" strip of glass tiles around the top. Next week I'll start tiling.
@johnmwieland
@johnmwieland 2 ай бұрын
That's awesome @thaipassportbro - wish I had skill DIY my pool. Send pix of your progress and when it's done! Good luck!
@simoneliderschlegel533
@simoneliderschlegel533 2 ай бұрын
That includes the concrete and steel?
@thaipassportbro
@thaipassportbro 2 ай бұрын
@@simoneliderschlegel533 Includes everything. Cheap materials in Thailand. I will show a price list when done.
@johnmwieland
@johnmwieland 2 ай бұрын
@@simoneliderschlegel533 Yep. Everything.
@stooge81
@stooge81 2 ай бұрын
Well, I'm sold.
@johnmwieland
@johnmwieland 2 ай бұрын
Nice @stooge81 - you ready to start looking for a place to own and live?
@TobinFrost-rl3gn
@TobinFrost-rl3gn 3 ай бұрын
Digital FHD sign says hazard lights in the rain are illegal. What’s the deal with that?
@vanbryan8154
@vanbryan8154 3 ай бұрын
Great job, JW! Honestly, the best rundown I've seen.
@johnmwieland
@johnmwieland 3 ай бұрын
Thanks @vanbryan8154 - your words mean a lot. Seeking to deliver good, valuable information. That's all.
@genebigs1749
@genebigs1749 3 ай бұрын
Thanks John! Great informative video as always.
@johnmwieland
@johnmwieland 3 ай бұрын
@genebigs1749 - much appreciated Gene! If I can do more to assist you, please just holler! 561-777-4089. ✌
@randyperkins2076
@randyperkins2076 3 ай бұрын
Wow! Great info.
@johnmwieland
@johnmwieland 3 ай бұрын
Thanks Randy P!
@luiscontreras4147
@luiscontreras4147 3 ай бұрын
Hi John... So true...!!! a friend of mine put up his property for sale while still living in it, but he had to reduce the price three times in the following months...!!! It seems that he has moved out, and the property is still in the market.
@johnmwieland
@johnmwieland 3 ай бұрын
Luis! Yes, there is a lot of mis-priced real estate out there. To get top dollar, owners must do the upgrades. Otherwise start out at a price that is representative of the asset. The strategy to lower and lower doesn't work today. It must be priced right from the beginning. These are different times for sure! Great to hear from you, amigo!
@user-md6uk9yy3t
@user-md6uk9yy3t 3 ай бұрын
small ugly pool
@hevinamber
@hevinamber 3 ай бұрын
😒😖 could not enjoy the video. You were talking so low and the music was Extremely Loud 🙄
@johnmwieland
@johnmwieland 3 ай бұрын
Sorry @hevinamber - I just watched again and the music is low when I'm talking. I'll note this for future videos...
@mppetrikas4919
@mppetrikas4919 3 ай бұрын
You should have spent some money on a sound technician to do your video.
@johnmwieland
@johnmwieland 3 ай бұрын
@mppetrikas4919 - or just turn it down/off. That was me playing that riff! 🎸
@FabianBaez
@FabianBaez 4 ай бұрын
Helpful video thx John
@johnmwieland
@johnmwieland 4 ай бұрын
@FabianBaez - You're welcome Fabian. Thanks for stopping by and watching! I'll talk with you in a bit. Cheers!
@amberoverby175
@amberoverby175 4 ай бұрын
Great Video! Thank you!
@johnmwieland
@johnmwieland 4 ай бұрын
@amberoverby175 - You're welcome Amber! Glad you enjoyed it. If I can ever be of service to you give me a south at 561-777-4089. Have a great day!
@harveyeisenberg1
@harveyeisenberg1 4 ай бұрын
After checking about Delray Beach Florida it doesn't seem like a safe place to live with one of the highest crime rates, according to the FBI for the size of the city let me know if I’m wrong
@johnmwieland
@johnmwieland 4 ай бұрын
@harveyeisenberg1 - have a look at the video I did about this kzbin.info/www/bejne/sHTVZHh3h5V5mc0 - Perhaps the data you're seeing is old? Things have only improved in the 9 years I've been here for my wife, daughter and I. We LOVE Delray and walk the city all the time. Come see it before you make any decisions. You'll love it too!
@eddihaskell
@eddihaskell 4 ай бұрын
No, I lived here since 2005 -- in three areas (Downtown, one gated community in West Delray and one comminity in Delray proper that is now open since we don't need guards). It is very safe. It might be dodgy in some areas late at night south of downtown but to be honest, you are not going to be walking around there at 2:00 a.m. anyway.
@johnmwieland
@johnmwieland 4 ай бұрын
@@eddihaskell Agree with you Eddie, thanks for chiming in. I've lived here 9 crime-free years and have never thought about crime this entire time. I read about it, but that's normal for any city. WeLoveDelray!!!
@edgarcruz2525
@edgarcruz2525 4 ай бұрын
great job! 😁👏🏽👏🏽👏🏽 super cool.
@johnmwieland
@johnmwieland 4 ай бұрын
Thanks Edgar! ✌👌
@iceandflames
@iceandflames 4 ай бұрын
I still prefer Hallandale Beach Florida more it’s a beautiful city with a growing communities and businesses and a good nightlife.❤
@johnmwieland
@johnmwieland 4 ай бұрын
Hallandale is fabulous! Is there someone producing similar videos as mine down there? If not, that could be YOU! 👊🤙
@BrianKehm
@BrianKehm 5 ай бұрын
Great insight as always! I’m seeing similar trends across the States
@johnmwieland
@johnmwieland 5 ай бұрын
Yes, the tides are turning. Not as fast in some markets, but they will catch up. Markets don't stay going in one direction forever...
@coziii.1829
@coziii.1829 5 ай бұрын
We are doing a Vinyl in ground
@johnmwieland
@johnmwieland 5 ай бұрын
Keep us posted: price, time frame, satisfaction rating... 👌
@Waltuh22232
@Waltuh22232 5 ай бұрын
This is market dependent. With rents as high as they are for SFHs in a lot of areas, my condo works for me
@johnmwieland
@johnmwieland 5 ай бұрын
👍👌🙌
@Waltuh22232
@Waltuh22232 5 ай бұрын
@@johnmwieland I don’t say that as a “gotcha” but just my 0.02
@johnmwieland
@johnmwieland 5 ай бұрын
@@Waltuh22232 All good Walt! Enjoy your condo. Do you own and live in it? Rents, like the real estate market, are coming down already. The market is in a MASSIVE shift right now. Pay close attention...
@gaarn2672
@gaarn2672 5 ай бұрын
Why your voice sucks ...cant hear
@chuckmaddison2924
@chuckmaddison2924 5 ай бұрын
So right I was looking at a condo a few years ago. I changed my mind and bought an extra house instead. The house has gone up about $ 100000 in 2 years. The condo has stayed about the same and it had the extras for pool , gym and external maintenance. So I'm ahead and happy. The house I'm not renting out. Daughter lives in it rent free.
@johnmwieland
@johnmwieland 5 ай бұрын
@chuckmaddison2924 - nice one Chuck. And the amount of $$ you've saved in fees can go toward buying more homes... 👌👊
@JPLAviation
@JPLAviation 5 ай бұрын
So the guy who buys apartment buildings says not to buy what makes up his apartment buildings.?
@johnmwieland
@johnmwieland 5 ай бұрын
Um, can you rephrase that please? Condos don't make up apartment buildings. Completely separate asset classes. Help!!!
@igorcvetkovic2112
@igorcvetkovic2112 5 ай бұрын
owning a house for AB$B is risky, all it takes is one bad tenant to set you back with property damage, hidden maintenance costs, etc. owning the land is fake premise, as you dont really own the land as long as you have to pay property taxes. its all an illusion. most housing will have HOA fees, even houses. also, buying a condo to live in it, is not really an investment but a liability, as it generates no revenue.;
@DanielFreeMan365
@DanielFreeMan365 5 ай бұрын
Yes its not best investment unless you intend to live in
@johnmwieland
@johnmwieland 5 ай бұрын
Exactly. In that scenario, your condo is your home to enjoy, but not where you plan to see rental income. Nice one Daniel! 👌
@DanielFreeMan365
@DanielFreeMan365 5 ай бұрын
@@johnmwieland how about mobile home? Where does that fit in this scenario? Is it a good/ bad investment and when you think?
@johnmwieland
@johnmwieland 5 ай бұрын
@@DanielFreeMan365 Well, I have a few friends who own Mobile home parks - not an individual unit. Buy a park! Incredible investment at the right price... Same with boat marinas. Don't buy a boat - buy the marina!
@dgvette1
@dgvette1 6 ай бұрын
How big is that?
@johnmwieland
@johnmwieland 6 ай бұрын
14' x 22'. Perfect size for our smaller backyard 👊
@dgvette1
@dgvette1 6 ай бұрын
Thanks!@@johnmwieland
@jfy1
@jfy1 6 ай бұрын
Your music is wayyy toooo loud
@johnmwieland
@johnmwieland 6 ай бұрын
👌Turn it up! You should hear it now that my backyard is finished!
@nickfrost9771
@nickfrost9771 6 ай бұрын
🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥 DO NOT LISTEN TO THIS GUY when he says "buy now". Any fool knows we were just at the peak and now it's topping over. It will be a long and hard decline for the next 18-24 months. He has to be in the real estate crowd to make money because houses in S FL are anywhere from 30-50% over priced. While these will be dropping hard, the interest rates during that time will probably go somewhere around 4.5%. 3% is gone and will never come back unless you do a deal with a home builder who is overcharging you 20% on the house. Banks are crumbling because nobody is buying into these ridiculous prices and interest rates. The government and banks think they are starving us, but be smarter, as most are. Sit back for a year and you will not regret it. Cheers......
@johnmwieland
@johnmwieland 6 ай бұрын
Thanx Nick! Great inputs. Folks need good, quality info to make good decisions. I appreciate your info! ✌