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DON't sell NOW. Why you should wait to sell your house (2022) - YouTube
Channel: Entrepreneur Extraordinaire
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hello and welcome folks hope you're having聽
a fantastic day today i'm going to share my聽聽
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opinions with you on whether you should sell聽
your house now or in 2022 i will also tell聽聽
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you when is the best time to sell when is聽
the best season to sell i will also share聽聽
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a demand and supply chart the inventory in聽
the market so you can see and get an edge聽聽
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how many other sellers are selling that you're聽
competing with in the end i will also show you聽聽
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some strategies that you can apply after you sell聽
the house successfully my goal is to get you guys聽聽
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the maximum value from your property right so if聽
that interests you stick around to find out more
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ola
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salam namaste to all my friends all over the聽
world i'm your host aka abden construction聽聽
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flips bur you know everything from foundation聽
to roofing anything and everything that you can聽聽
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think about about real estate i've been doing it聽
for over 10 years before that i was in software聽聽
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consulting work for top three consulting firms聽
in the world you can check my bio on linkedin or聽聽
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on my home page with that let's get into it folks聽
today is a great great topic and folks guess what聽聽
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happy thanksgiving folks happy thanksgiving i聽
love thanksgiving i gotta tell you thanksgiving聽聽
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is around the corner so for those of you who are聽
celebrating happy thanksgiving to you i just love聽聽
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the turkey and the stuffing and especially the聽
pecan pie with that syrup and ice cream oh my聽聽
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god it's just amazing so you can tell i'm a big聽
foodie guys i love food and i hope you do too聽聽
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so let's get into it guys you may want to sell聽
your house and you're wondering should i sell聽聽
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my house now so you're in a situation where you聽
may have some equity in the house you have gained聽聽
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some value in the house over time you know house聽
prices keep escalating folks so what do you do now聽聽
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should you sell your house if you sell your house聽
where are you gonna go and all those things and聽聽
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more topic i'm gonna tell you strategies to make聽
sure that you succeed in this market and get the聽聽
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maximum value for your house folks if you want to聽
watch my video on how to get the maximum value for聽聽
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your house you can see the link here and i put聽
a link in the video as well and there's so many聽聽
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tips about how to get the maximum value for your聽
house this is a very important video for anyone聽聽
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who's thinking about selling their house because聽
the market right now is red hot why rates are low聽聽
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right race are historical low in the past 30 years聽
rates have never been so low in the history of聽聽
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united states folks it's a seller's market folks聽
i've been saying this all along it is a seller's聽聽
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market so if you're a seller you're in luck rates聽
are low but not only rates are low right closing聽聽
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costs are also low on average people save 2 800聽
per closing so who would not close at this time聽聽
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this is a perfect time to go to closing inventory聽
is historic low and i present you this information聽聽
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because it's very prevalent if you're in the聽
market selling your house if you're thinking聽聽
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of selling your house right now this information聽
is critical for you folks because you want to know聽聽
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if the inventory is low then you have an edge聽
as a seller builders are also building less聽聽
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and less wire builders are building less聽
builders stopped building folks about 10 years聽聽
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ago they have built 50 percent less inventory聽
compared to 2006 and 8 when the crash happened聽聽
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because fannie mae and freddie mac were audited聽
they were in deep trouble that fdi raped them聽聽
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and changed all the rules of lending so builders聽
said well if you're not going to lend any money聽聽
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people can buy houses why should i build what's聽
also happening is that people like millennials聽聽
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they have a lot of money so these millennials are聽
getting older like myself you know i'm in my 40s聽聽
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they're in their 30s they want to have families聽
and babies i don't know why would somebody do that聽聽
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but that's a separate topic folks they want to聽
have babies they want to have kids they want to聽聽
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you know wife wants a bigger yard a bigger kitchen聽
you know you know husband wants a bigger garage so聽聽
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you can shine his porsche and so on so forth right聽
people have bigger knees people are also not going聽聽
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back to work folks when people are not going聽
back to work they need more space in the house聽聽
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there are actually more realtors in the聽
market than their houses in the market
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how is that possible we're in some crazy times聽
folks but that should excite you because if聽聽
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you're a seller you're in the seller's market you聽
got you got all your three wishes come true amen聽聽
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you know you can certainly sell聽
your house and name your price聽聽
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but it's very tricky folks and i'm gonna get into聽
that in a second you have to be very careful how聽聽
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you price your house and i'm going to teach you聽
that today from an investor's perspective in this聽聽
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economy folks we learned something amazing if聽
you stop people from going to work if people can聽聽
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stay home save on gas and car money people can be聽
wealthier you just increase people's income by 20聽聽
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in the past one year you drop the聽
unemployment rate they can be with聽聽
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their kids and their families and their wife聽
and their husbands and their daughters and sons聽聽
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wow in fact think about it this way kobe聽
has actually slowed down housing prices聽聽
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housing prices were supposed to skyrocket even聽
more quadruple doubled tripled but they haven't聽聽
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because of covet because people don't want to go聽
to closings people don't want to go and be in the聽聽
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same house as other people are walking through the聽
house right people want to keep distance right so聽聽
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that's the state of affairs folks that's the state聽
of the market and the economy right now let's look聽聽
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at the stock market the stock market turns out聽
to be at least on paper pretty strong right i聽聽
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mean stock market has broken has given people聽
over 20 returns just last quarter it was up 7聽聽
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so i present this information to you because聽
all these other factors also affect because it聽聽
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increases the buying power of people right people聽
are sitting at home have extra time they're going聽聽
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online buying some crypto buying some stocks and聽
now they want to buy a bigger more expensive house聽聽
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because the rates are low but if you're a seller聽
inventory is low so it's magic for you as a seller聽聽
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you can name your price the question is this right聽
the question is this think about this for a second聽聽
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should you sell now are you getting the聽
maximum value for your house right now聽聽
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i personally have over 700 000 equity in my own聽
house and i'm thinking should i sell where am i聽聽
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gonna go if i sell i'm a single guy my house聽
is paid off it doesn't make any sense to me聽聽
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because i have investments all over d.c maryland聽
virginia area so i can't really do that but you聽聽
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if you have a different situation if you have聽
kids you want a bigger space you know you have聽聽
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uh more urgent demands than i do then yeah then聽
then you want to sell and it makes total sense聽聽
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to sell right so the best time to sell is actually聽
spring right so when it's spring next spring april聽聽
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april may if you price your house right and watch聽
my video about how to price your house right聽聽
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and you sell in that time frame next spring聽
perhaps i guarantee you guys are going to get the聽聽
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maximum return for your money okay you're going聽
to get probably 5 10 20 30 up to 30 more than聽聽
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you're getting right now why here's why folks let聽
me tell you this let me explain this to you okay聽聽
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investors perspective you will be getting聽
more money because that's the perfect time聽聽
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historically with all the trends that you can聽
see in real estate to sell your property folks聽聽
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because then summer is coming people have energy聽
people are excited flowers are blooming trees are聽聽
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turning green flowers are blooming butterflies聽
everywhere grass is green why won't you want聽聽
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to buy something if you have money in your聽
pocket if the economy is doing well granted聽聽
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granted the economy's still doing well so there聽
is a bit of risk involved there but if i were you聽聽
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and i want to sell my house right now this house聽
or maybe my property in dc or any other property聽聽
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i would choose that springtime early april or聽
late april early may perfect timing don't sell聽聽
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your house in two weeks you'll be an idiot if聽
you do that get the maximum amount of offers let聽聽
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people fight it out for your property tell them聽
you know i don't want to sell at this price bring聽聽
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me a better buyer because right now you're in the聽
driver's seat you're the judge the jewelry the聽聽
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executioner you got everything folks what do you聽
have to worry about you should feel like a king聽聽
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or queen for that matter for the ladies who聽
are watching i know some ladies watch my videos聽聽
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so i want to give a shout out to聽
you by the way if you like my video聽聽
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please like and subscribe we're almost at 3 000聽
subscribers and over 100 000 wow how cool is聽聽
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that the last video i did folks just kept climbing聽
ten thousand twenty fifteen thousand ten thousand聽聽
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eleven twelve thirteen forty fifteen thousand聽
but obviously you guys are seeing my honesty聽聽
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my integrity you guys are understanding i'm a聽
real investor you guys are asking intelligent聽聽
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questions so let's look at the supply of houses聽
in the united states okay i'm showing you a chart聽聽
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that goes from 1970 all the way to 2020 1970 to聽
2020 okay maybe even 2021. you can see this spiked聽聽
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you know it spiked in 2005 678 right up聽
to all the way up to like maybe even 10聽聽
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2010 the inventory was pretty high about eight聽
or nine million now the inventory is i don't聽聽
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know four million or so and your house could be聽
one of them if it was in the market right now聽聽
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do not sell in december please okay don't make聽
that mistake promise me you're not gonna do that聽聽
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do not sell your house in december it's the worst聽
time to sell people are thinking about christmas聽聽
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thanksgiving gravy stuffing all the stuff that i聽
talked about right now so don't sell your house聽聽
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right now please okay so the house prices are聽
increasing are they going to keep increasing you聽聽
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decide that right i'm giving you this information聽
and data be intelligent seller but if i were you聽聽
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my advice to you is do not sell in december wait聽
a few months selling maybe march you can even go聽聽
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sell as early as march but if i were you i聽
would wait until april when the weather is nicer聽聽
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april may even june is fine okay the聽
market's not going to crash tomorrow聽聽
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don't listen to these youtubers telling you聽
market is going to crash tomorrow today whenever聽聽
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so the prices are high and they keep going higher聽
let's look at a few more graphs let's look at the聽聽
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inventory what's the inventory in the market like聽
right who are you competing with right you have a聽聽
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right to know that so let's look at that so wow聽
the inventory and active listing have declined聽聽
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all the way from 2017 till 2 june 2021 it took聽
a dip in early 2021 and start coming back up聽聽
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so that tells me what it tells me that the聽
inventory of the market is coming back up聽聽
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slowly but surely and it will start to come聽
back up even higher but you still have a chance聽聽
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you want to you don't want to catch a聽
falling knife but right now it's the聽聽
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uptrend okay the inventory will be a bit聽
more but that's okay you can still make your聽聽
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money in april and may the median days on the聽
market so notice all the way from 2017 to 2021聽聽
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in early 2021 okay the inventory was pretty聽
decent okay then it kind of declined in may聽聽
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april may june this also confirms what i've聽
been telling you april may june would be a聽聽
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great time to sell now in july here you can see聽
inventory starts to come back up a little bit so聽聽
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what this is telling us right it's very simple聽
right guys it's a matter of supply and demand okay聽聽
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the demand is still high the supply is low supply聽
is increasing slowly all across u.s folks this is聽聽
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all across the u.s it's not just one place okay聽
now let's look at the actual chart and numbers and聽聽
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hard facts of foreclosures why do you want to know聽
about foreclosures you want to sell the house are聽聽
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you going to be asking me the same question okay聽
why aka why do i have to know about foreclosures聽聽
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well you're competing with demand and supply聽
folks and you want to know what's in the market聽聽
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and foreclosures would be in the market at聽
some point so let's look at the foreclosure聽聽
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see if it's in our way from now till april may聽
timeline let's see that okay what i put on the聽聽
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screen is you can see like 1222 foreclosures in聽
chicago 1 400 in new york that's nothing guys聽聽
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on a place where you have millions of houses this聽
is in q3 of 2021 los angeles 1 000 foreclosures聽聽
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well los angeles is a big city miami 900 i mean聽
this is nothing guys foreclosures is not a problem聽聽
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right now so don't listen to these youtubers聽
scaring you and i saw this guy with the turban聽聽
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talking about oh my god foreclosures are coming聽
everywhere we're going to have a tsunami of聽聽
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people who can sell their houses and dump their聽
house so you can buy no no no i don't think so so聽聽
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here's the thing folks now you know the market聽
now you know the foreclosures now you know the聽聽
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inventory you know the median price so you can聽
price your house properly right plan to put your聽聽
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house in the market around april may time next聽
year before you do that make sure you fix a lot of聽聽
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small little things in the house in my video聽
i also tell you what things to focus on聽聽
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because it's important to fix her and things that聽
can get you again more value for your house right聽聽
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you want to squeeze the juice out of it folks so聽
you're two three four years ahead of everybody聽聽
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else who's not selling their house because you can聽
but now that you've sold your house what do you do聽聽
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that's an interesting question well there are a聽
number of things you know and i'm going to make聽聽
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a separate video if you sell your house what聽
are the different strategies you can apply聽聽
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one of the things i will tell you folks if you聽
can don't be in a seller's market next year okay聽聽
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if you sold your house and the market starts to go聽
down a little bit and you see it's trickling down聽聽
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you can then make a decision if you want聽
to buy a new house a bigger better house聽聽
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but if i were you i would sell my house max聽
out my cash invest if you want to but don't buy聽聽
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okay because what you make on this end you're聽
gonna cut your hand on the other hand so what聽聽
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i would recommend is rent downsize okay get a聽
smaller place downsize live like a student for a聽聽
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for a few months okay and watch the market watch聽
these numbers because there's going to be another聽聽
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video by me on when to buy the house okay pretty聽
soon next year i'm sure so so wait for that okay聽聽
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that's all i'm going to say to you because it's a聽
big topic you've sold your house you know for me聽聽
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if i've sold my house i had let's say 700 000 in聽
the bank what would i do with that money should i聽聽
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buy another house because every house that i want聽
to buy now is going to be worth a million plus聽聽
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so should i should i pay somebody that top聽
price i would not because that's bad business聽聽
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to me okay think like an investor folks you聽
think these videos you're watching are fun and聽聽
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games i'm talking about turkey and gravy and聽
all this and that no this is a serious video聽聽
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folks and you should take it as such because i'm聽
teaching you to learn and think like an investor聽聽
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this is how investors think house is not just聽
a house it's investment is business is cash on聽聽
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cash return this time may never come these prices聽
may never be as high they only come after 10 or so聽聽
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or 15 years they're very cyclical right make聽
the most of this market sell your house rent聽聽
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somewhere if you can and then watch the market聽
that's all i'm gonna say to you for this video聽聽
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okay i will present to you more information in my聽
next video and how to use your money and when to聽聽
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exactly buy a new house but it's not a seller's聽
market okay don't buy and sell the market because聽聽
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you will lose and don't sell in december again聽
one last time i'm telling you you're gonna hate聽聽
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me for repeating this but unfortunately i took a聽
change management course that's what they teach me聽聽
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that you know people have to listen to something聽
five to seven times to be able to understand and聽聽
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act on it so i'm telling you this repetitively i聽
know you guys are smart it's much smarter than me聽聽
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but i'm just gonna tell you anyways okay so with聽
that thank you so much i wanna end this video here聽聽
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i wanna thank you for i want to thank you guys聽
passionately for joining me you could be anywhere聽聽
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but you decided to be here and be part of my聽
story check me out on ak underscore extraordinaire聽聽
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on instagram drop me a note here hit me up聽
if you have any questions um you know and聽聽
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uh and be part of the community and let's help聽
each other let's help each other succeed guys聽聽
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that's what this channel is about it's for the聽
outsiders because i remember i told you guys聽聽
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i was the outsider before who was not invited to聽
the right meetings you know i i do i do actually聽聽
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write my own business case to even get promoted聽
please look out for my next video please like and聽聽
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subscribe hit that like button show some love聽
for your boy okay because you know i love you聽聽
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and i know you guys love me back thank you for聽
showing all the love and support if you have any聽聽
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questions any disputes folks ask me any question聽
i will personally respond to that question with聽聽
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that thank you very much have a nice day i will聽
see you guys in my next video thank you bye now
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