Episode Description

Join us on this week's episode of the Your Home Sold Guaranteed Realty Radio & Talk Show, hosted by the highly successful Palm Beach Real Estate Agent, Rick Kendrick, who also happens to be the owner of Your Home Sold Guaranteed Realty of Florida. If you're a homeowner looking to make the most out of your real estate investment, this episode is a must-listen. 

In "Homeowners: Turn Your Equity into More Real Estate Wealth," Rick Kendrick will share his expert insights and strategies on how homeowners can leverage their home equity to build and grow their real estate wealth. Whether you're a seasoned homeowner or just starting in the real estate market, Rick's valuable tips and advice will help you make informed decisions about your property investments. 

Tune in as Rick Kendrick discusses the various ways to unlock the hidden potential in your home equity and explore opportunities for expanding your real estate portfolio. From refinancing options to rental income strategies, he will cover it all. Plus, Rick will provide real-world examples and success stories to inspire and empower homeowners to take control of their financial future through smart real estate decisions. 

Don't miss this opportunity to learn from one of the industry's leading experts and discover how you can transform your home equity into a powerful tool for creating lasting real estate wealth. Join us for an informative and engaging episode of the Your Home Sold Guaranteed Realty Radio & Talk Show!

Leveraging Home Equity: A Blueprint for Building Real Estate Wealth

In the realm of real estate, homeownership represents more than just having a place to call home—it's also a powerful wealth-building tool. One often overlooked aspect of homeownership is home equity, the difference between your home's market value and the outstanding balance on your mortgage. In this comprehensive guide, we'll explore how homeowners can leverage their equity to unlock a world of real estate wealth-building opportunities. From investment strategies to smart financing options, we'll provide a blueprint for turning your equity into a pathway to financial freedom.

Understanding Home Equity: Before diving into the strategies for leveraging home equity, let's first understand what it is and how it's calculated. Home equity is essentially the portion of your property that you truly own outright, calculated by subtracting any outstanding mortgage debt from the current market value of your home. For example, if your home is worth $400,000 and you owe $250,000 on your mortgage, your equity would be $150,000. This equity serves as a valuable asset that homeowners can tap into for various purposes, including investing in additional properties, funding home improvements, or consolidating debt.

Strategies for Leveraging Home Equity:

1. Real Estate Investments: One of the most popular ways to leverage home equity is by investing in additional properties. With a healthy amount of equity built up in your current home, you may be able to secure a home equity loan or line of credit to finance the purchase of an investment property. This allows you to diversify your investment portfolio, generate rental income, and potentially benefit from property appreciation over time.

2. Home Improvements: Another common use for home equity is funding home renovations or upgrades. By reinvesting your equity back into your property, you can increase its value and potentially command a higher sale price in the future. Whether it's a kitchen remodel, bathroom renovation, or landscaping project, investing in your home can pay dividends down the road.

3. Debt Consolidation: If you have high-interest debt, such as credit card debt or personal loans, consolidating it with a home equity loan or line of credit can be a smart financial move. By using your home equity to pay off high-interest debt, you can potentially lower your overall interest rates and reduce your monthly payments, freeing up cash flow for other financial goals.

4. Education Expenses: For homeowners with children or those looking to further their own education, leveraging home equity can help fund tuition costs or other educational expenses. Whether it's paying for college tuition, vocational training, or continuing education courses, tapping into your equity can provide a cost-effective financing option compared to traditional student loans or other forms of borrowing.

5. Retirement Planning: Home equity can also play a crucial role in retirement planning. For homeowners approaching retirement age, a reverse mortgage allows them to access their home equity while still living in their home. This can provide supplemental income in retirement or help cover unexpected expenses without the need to sell the home.

Smart Financing Options: When it comes to accessing your home equity, it's essential to choose the right financing option for your specific needs and financial situation. Some common options include:

1. Home Equity Loan: A home equity loan, also known as a second mortgage, allows homeowners to borrow a lump sum of money against their home equity, which is repaid in fixed monthly payments over a set term. This can be a good option for financing large expenses with a predictable payment schedule.

2. Home Equity Line of Credit (HELOC): A HELOC is a revolving line of credit that allows homeowners to borrow against their equity as needed, similar to a credit card. Borrowers can draw funds as needed up to a predetermined credit limit, and only pay interest on the amount borrowed. This flexibility makes a HELOC an excellent choice for ongoing expenses or projects with varying costs.

3. Cash-Out Refinance: With a cash-out refinance, homeowners can refinance their existing mortgage for a higher amount than they currently owe and receive the difference in cash. This allows homeowners to access a lump sum of money while potentially securing a lower interest rate or more favorable loan terms. However, it's essential to consider closing costs and other fees associated with refinancing.

Real-Life Success Stories: To illustrate the power of leveraging home equity, let's explore some real-life success stories of homeowners who turned their equity into real estate wealth:

1. The Smith Family: The Smiths had been diligently paying down their mortgage for years and had built up a significant amount of equity in their home. With their children grown and out of the house, they decided to downsize and purchase a smaller home in a desirable neighborhood. By using their home equity as a down payment, they were able to secure a mortgage with favorable terms and move into their dream home without draining their savings.

2. The Johnsons: As avid real estate enthusiasts, the Johnsons saw an opportunity to capitalize on their home equity by investing in rental properties. They took out a home equity line of credit to fund the down payments on several investment properties, which they renovated and rented out for a steady stream of passive income. Over time, their real estate portfolio grew, providing them with financial stability and security for the future.

3. The Rodriguez Family: Facing mounting credit card debt and high-interest loans, the Rodriguez family turned to their home equity for relief. They used a home equity loan to consolidate their debts into a single, manageable payment with a lower interest rate. This allowed them to pay off their debt more quickly and free up cash flow for other financial goals, such as saving for retirement and their children's college education.

Risk Management: While leveraging home equity can offer numerous benefits, it's essential to approach it with caution and careful consideration. Here are some key risk management strategies to keep in mind:

1. Avoid Overleveraging: While it may be tempting to borrow against all of your available equity, it's crucial to exercise restraint and avoid overleveraging yourself. Borrowing too much can leave you vulnerable to economic downturns or fluctuations in the real estate market, potentially putting your home at risk of foreclosure.

2. Consider Interest Rates: When choosing a financing option, be mindful of interest rates and how they may impact your overall borrowing costs. While home equity loans and lines of credit typically offer lower interest rates than credit cards or personal loans, they still come with interest charges that can add up over time.

3. Plan for Repayment: Before tapping into your home equity, carefully consider how you'll repay the borrowed funds. Whether it's through rental income, investment returns, or other sources of income, having a solid repayment plan in place is essential to avoid financial strain down the road.

4. Consult with a Financial Advisor: Before making any major financial decisions, it's always a good idea to consult with a qualified financial advisor who can help you assess your options and develop a comprehensive wealth-building strategy tailored to your unique goals and circumstances.

Conclusion: Homeownership is more than just a place to live—it's a powerful wealth-building tool that can open doors to a world of financial opportunity. By leveraging your home equity strategically, you can unlock a myriad of possibilities for building real estate wealth, whether it's through investments, home improvements, debt consolidation, or retirement planning. However, it's essential to approach home equity with caution and careful planning to mitigate risks and ensure long-term financial success. With the right strategies and guidance, homeowners can harness the full potential of their equity and pave the way to a brighter financial future.

Transcript of Episode #21

Welcome to the your Home Sold Guaranteed Radio Show, where you get advice you can trust, from the latest real estate trends to the best mortgage rates, from curb appeal to home warranty. This is the show that will help you save and make the most money when it comes to buying or selling your most valuable asset. Now here's your host, broker and founder of your Home Sold Guaranteed Realty of Florida, rick Kendrick.

Happy Sunday everybody. Welcome to your Home. Sold Guaranteed Radio. I'm Rick Kendrick and today Carrie and I are going to dig in some pretty good information here for you and we're going to go over some numbers of some new numbers are out today. Carrie's been analyzing them and dissecting them and Carrie, hey, how are you doing?

Great, how are you today? Thank you for having me back on your show.

You've always come up with the good numbers here. They always look good and I'm going to be honest with you. I mean, when I look at it on a national level, I think we look pretty good. But tell me how we're looking.

Yeah. So I think the tendency is to have this fear that we're, you know, having impending doom and gloom. Right Because we have most recently in our memories the great recession and what happened during those times. So now we're in a little bit different of a situation, and it's been created obviously because of COVID, the low interest rate environment that we had. People just decided not to move, they made the decision to stay put and it's just created this historically low inventory level that we're still experiencing today.

You know, carrie, you're right about that In the industry, the real estate industry itself is changing quite a bit, and that kind of carries over to what our main topic is going to be today Homeowners, turning your equity into more real estate wealth and it's kind of what we're going to be talking about in our main topic today. And so when you have more buyers out there not only single buyers, but we have cash buyers that are buying houses to reinvest and also to either run them out or are they buying a second home to do things, like that Right.

So you have the demand right. You have the home buyers who are out there looking for affordable home options. You have the institutional investors who are now buying up properties, and that is still creating an issue with this apply, which is the reason why we haven't seen prices drop.

Yeah, so how, how? How the numbers look?

So for Palm Beach County year to date, we're still hovering in that three and a half to four month range of inventory levels. So again, what we look out for here is how many months of supply is there of homes that are on the market right and so a balanced market?

we consider six months, so we're still in a very strong seller's market and I think we see it in particular Palm Beach County, Martin County and St Lucie County, the situation where the growth that continues. Is that right?

Yeah, so the inventory levels in Palm Beach, martin, st Lucie and Broward County are hovering in that three to four month range.

What about Miami, miami-dade? They, in the past we know, have been up. Their inventory has continued to be up a little bit.

So they're in that four to five month range. So they have a little bit more inventory than we do here in our area. Yeah.

Just a little side note. You know Palm Beach County continues to grow. You know their growth rate is about right now as of last year was like 1.13% increase in the past year, Since 1969, get this Palm Beach County has grown over 344% that now you compare that to total of population in the United States. The average growth in the United States has been about 65%. So Florida has increased close to, you know, close to 227%. A lot of people are moving this way so you know that's kind of interesting. So how does our prices look like?

Yes, our average sales price in Palm Beach County is $744,000, which is up just under 5% year to date. Martin County, the average sales price is just below 700, which is up 5% year to date. And then St Lucie's average sales price is just under 400,000. They're a little bit more stable. So that's just up 2% year to date over last.

You know I was born and raised in Florida and in particular Miami, and I have seen this trend of people going from, say, miami-dade moving to Fort Lauderdale, toboka, to Palm Beach County, to now Martin County, now St Lucie County, and these numbers kind of proved the point. Is that right?

Yeah, for sure. So you know, people are moving up the coast basically, and the reasoning behind that I mean you could tell me, but I would think it's gotten a little crowded down in Dade County so they just started moving up north.

It is absolutely crowded. My father built houses and he built them when they were $34,000. Today, you know houses. That same house is worth $450,000. That's because we're living in paradise. I quite frankly believe that. You know. The thing I see most in our situation is that people would love to live here year round but, quite honestly, they still have the roots in the north but they are planning to come down and I think this will continue our increase as far as prices are concerned in our homes and also the inventors are gonna remain in this situation where they're low. So, kerry, final note, I'm just curious about these numbers because they all sound like they're on the upturn, so to speak. They're still continuing to show the market to be promising here in our area.

Yeah, so they're still on the upward trend, although not as dramatic as an increase as we've had over the last several years, but so I'd say it's almost stabilizing and then rising just a little bit. So these numbers are indicative of a five to 10% rise in prices year to date. Now the average days on the market is just in that 45 to 50 day range. So if you're thinking of putting your home on the market, know that it likely will be on the market between 40 and 50 days.

Yeah, and I would say that when you price a home to market, you price it right, in particular, right now. It can even be a much shorter time. You really wanna sell it because a lot of buyers are out there right now who are looking. They wanna make a purchase by year in simply because they wanna get into that Homestead exemption right.

For sure. There are definite advantages to purchasing a home before the end of the year, so you can go ahead and declare Homestead. You know? Here's the thing.

I really love the opportunity to be on radio to talk to our listeners. Every day we're out there meeting home sellers and buyers, so we love talking about real estate. If you know anyone or if you are considering to make a move, we'd love the opportunity to interview for that job. Please give me a call at 561-901-3333. That's 561-901-3333, or rickhansthebuyerscom. After the break, we're gonna get into our big main topic today Homeowners turning your equity into more real estate wealth. Hey, this is Rick Kendrick and we'll be right back with you.

The schedule and appointment with Rick Kendrick to help you buy or sell your home, call 561-901-3333, or go to rickhansthebuyerscom. Rick will be right back with more of the your Home Sold. Guaranteed Radio Show here on News Talk 850, WFTL.

If you're thinking of selling your home, please do yourself a favor. Call my friend, rick Kendrick, from your Home Sold Guaranteed Realty of Florida. Hi, it's Jennifer. Maybe you wanna avoid the time and the details of a traditional sale. Rick can make you an immediate cash offer. All you have to do is text him your address to 561-901-3333, and you'll receive three competing offers instantly. But if you go the traditional way, rick guarantees to sell your home or he'll buy it himself for cash. When Rick and Pat first met Rick Kendrick, they had no intention of putting their home on the market. They'd been trying to sell it on and off for the past couple of years. But then they sat down with Rick Kendrick and they listened to his marketing plan to get their home sold. So Rick and Pat decided to give it one more try. They hired my friend and they're glad they did, and they're home sold in 14 days at 96% of the asking price. Call Rick today, 561-901-3333, or visit rickhasthebuyerscom.

Hi, I'm Eric Rosemary, branch manager at Cross Country Mortgage in Boca Raton. If you're deciding which lender to trust, whether you're purchasing or refinancing, I would love the opportunity to work with you. Over my 20 year career, I've helped close to 10,000 families buy or refinance the place they call home. Despite what you're hearing about interest rates, you might be surprised, as what we can do for you, let's talk, call or text me at 954-312-3104 or visit rosemarymortgageteamcom.

If you're ready to buy or sell your home and would like to schedule an appointment with Rick, call 561-901-3333 or go to rickhasthebuyerscom. Now back to the your home sold guaranteed radio show and your host, Rick Kendrick.

Hey, welcome back from the rake. In this segment we're going to be talking about that big thing that a lot of sellers have right now. Our homeowners have right now is equity. Congratulations, sellers, your net worth just went up again. Hey, hey, buyers, pay attention here, okay, because I want you to understand something. This doesn't mean you're out of the game. This means you can get in the game. Buyers, what I want you to hear today is what I'm talking to sellers is because I want them to expand and increase their wealth in real estate. Homeowners net worth has almost grown 40% in net worth simply because you're gaining wealth every day in your property Homeowners 40 times greater than renters. So just say that the homeowner has close to $400,000 more net worth than a traditional renter today because really they're not building equity. Does that make sense? So, homeowners, you need to continue to build your wealth and I'd like to throw some options to you as far as the opportunities to do that with you. Again, buyers, pay attention to this because you're not out of the game. There's absolutely no reason for you not to go ahead and make a purchase of a home Even today, even though the prices are going up every week. We report to you. The prices continue to increase. People are increasing their value every day.

We have basically seen the rise in home prices in our marketplace not flatten out, okay, because they're still going up, but now they're in that five to six, seven percent range right year to date. Now, the reason that that is occurring is because the Fed started raising the interest rates so drastically last year and that basically put a stop to the dramatic rise in home prices. Okay, so now interest rates are hovering in that seven to eight percent. So now what happens? Right, whenever we come up on an election year and the rates start dropping, the home values are just going to skyrocket. So if you can do it and it is something that you're interested in exploring and you want to get off this renting hamster wheel and you want to get into home ownership, which Rick just mentioned, the net worth that you're going to enjoy years from now is going to be exponential for you and your family versus continuing to stay as a renter. So I mean, think about it. Rates may be eight percent, but if you're renting, it's like you're paying a hundred percent interest rate, right?

Yeah, you know, carrie. The average rental, monthly rental here in Palm Beach County is twenty three hundred dollars a month and that's astronomical. So renters just understand. You know. If you're in the middle of making a decision here, you haven't missed the boat yet. You are going to make money. If you are in a home that you own, without a doubt, your net worth will grow on an annualized basis. So buying home can be a great way to build your net worth. But, more importantly, what I'd like everybody to think about today, especially sellers or homeowners, is expand that a little bit. Not only do you have a lot of equity in your house by the way, the average equity in homes today are about two hundred fifty thousand dollars. So think about that, homeowners you can expand your wealth with real estate. That right, carrie.

For sure, yeah, so you can consider, you know, buying an investment property, perhaps, maybe doing an Airbnb or a VRBO, something along those lines.

Yeah. So let's just take the aspect. Let's say you want to downsize. You want to downsize because the kids have left the house. You go ahead and you sell your place. You have a lot of equity in it. The next place that you buy, you pay cash for it. Now that excess cash that you have, why don't you invest it in properties and invest it in, maybe, a rental income that you have a steady income? Because when you have steady income on a rental property, it ranges between about eleven thousand to twenty three thousand dollars a year that people benefit from having a rental income or a VRBO. So taking your equity and having it to purchase a property is a major thing. You had mentioned VRBOs. Here's an interesting fact. I couldn't believe it when I read this. The VRBO properties today have reached a ninety five billion dollar market cap. Incredible the size of this market and what's going on. There are people out there that are buying houses and renting them out. We have a good friend of ours who has a place down in Key Largo. She has a two bedroom, two bath condo that she rents out. Now does she have to go there and open the door and let them in? No, she has an automatic door system. Does she have to check them in and check them off? No, she does this all via computer. Everything can be done for your home from this. They have a camera in front of their door so they make sure visually. They show the driver's license Okay and then they give her an automatic code to let them in so they are able to stay there. She doesn't have to be there at all and she collects all the money upfront. Vrbos are like the coming thing, the number one when you look at the top fraud countries in the vacation industry. United States is number one at about $20 billion, and the second one obviously would be China, but simply because of the size, believe it or not. But it is incredible how this industry continues to grow. So you're looking at either downsizing, paying cash for that home that you have and buying another home, or going ahead and doing a VRBO. The other thing a lot of people are investigating, okay, is the aspect of flipping homes. Now, what they do is this they take a home that's in kind of poor condition right, they need improvements. So they'll go in there and they'll make the improvements to the property. They'll buy it at a great price, turn around, put improvements to the property and put it back out on the market. So the return on a flipping of an investment, from what I've been reading, is about 27%. You're grossing about $68,000, $69,000 on a property when you flip it. So buying a property that's in poor condition can be an advantage to you and flipping a home Maybe you don't want to do that. Simply owning a home and renting it is probably a great opportunity for people who have a lot of equity in their house today, right, carrie?

For sure. And then, of course, my favorite strategy is the buying one property a year when you start, when you're young. Okay, imagine this, you're 20.

You buy one. I can imagine that a long time ago.

You buy one property a year rental property and you have. You know it's. You put tenants in it. You get a 30 year mortgage. Every year you buy one property for 30 years, 30 years later you're 50 and you sell one property a year.

It just makes sense. You build your own retirement program, absolutely.

And imagine what those homes are going to be worth in 30 years when you go to sell them. So somebody else is totally paid for your mortgage. You've managed to benefit from the appreciation in it and now you don't have to worry about whether or not you have, like you know, a 401k or a retirement fund that's been funded by your employer. Like you've totally taken the retirement into your own hands.

So you know, like I said earlier, you know, when my dad built houses, he was building houses at $34,000 a clip. And now these same houses, the exact same house that went on Zillow on the other day, is worth $450,000. You know, now that's a, that's a time period, but still it just shows you increased values that go on no matter what in this particular market of Florida. Listen, buyers and sellers. Buyers, you're not out of the game here. This is the time to get in, even though you think interest rates okay or high. Believe me, what's the big phrase for mortgage people? On, on, on rates. Marry the house and date the rate. There you go, marry the house and date the rate, because really, what you can do is that next year they're anticipating don't hold me to it, but they're anticipating rates to be in that 5% range. Now, here's the thing. Buyers, I'll give you a little clue here. You really want to own a house. You only want to own a house. Why don't you get a brand new one? Why don't you go out there and buy a brand new house? And I'll tell you what the builders? The builders will give you that 5.5 to 6% range because they're discounting through mortgage rates, right, kerry?

For sure. The builders have some excellent incentives right now. Right, because they're trying to combat this lack of interest in moving forward with a home purchase, because the buyers are using the interest rate as an excuse not to jump into the market. And so you know when Rick says you know, marry the house and date the rate. So imagine, you know, if the rates do go down, the increase in value that we'll experience as a result of that could offset the cost of the rise in rates. And so when you take into consideration some of these creative solutions that the builders have been offering as far as interest rates are concerned, and then you know, for instance, eric Rosemary, he has this great program where you know, if you go ahead and move forward with the purchase now, if at some point in the future the interest rates go down, you're able to take advantage of a refinance at no cost.

So, hey, just to let you know, buyers, we have a free report for you. Okay, Title, don't pay another cent to your landlord. A free report shows you how you can own your own home. Listen, you can text me at 561-901-3333 or RickHastheBuyerscom. Request this report. I'll shoot it to you and then, if you want to sit down for a free consultation, buyers, I'd be happy to sit down with you. We'll get you pre-approved, go over exactly what you're looking for and be able to get you out there looking for a home in the next 72 hours. Hey, listen. So here's where we are. After the break, we're going to be talking about our feature listing of the week, our Buyers and Waiting program and talk a little bit about your home. Sole guarantee, reality. Go, Sir, Big Mission. This is Rick Kendrick and we'll be right back.

The schedule and appointment with Rick Kendrick to help you buy or sell your home. Call 561-901-3333 or go to RickHastheBuyerscom. Rick will be right back with more of the your Home Sole Guaranteed radio show here on News Talk 850 WFTL.

Hi, it's Jennifer Ross and you know if you've been thinking about selling your home, you already know that the only agent that I would recommend to you is my friend, rick Kendrick. He's a broker and founder of your home sold guaranteed Reality of Florida. Now, what about the listener who would love Rick to sell but doesn't want to deal with the headaches of cleaning, staging, holding open houses and all that other stuff?

Well, jen, we have the perfect solution. First of all, we always like to make our traditional home selling process stress-free. But for the listener who doesn't want to fix up their place, who is inherited a home or simply wants a fast, hassle-free Sale, we can make them an immediate cash offer and for that seller to get the most amount of money for their home.

Come on, you can do that.

Absolutely. Jen will come right over, praise the home, make you a fast, fair cash offer and close as little as three weeks cash in your hand hard to beat it.

Call Rick Kendrick right now. Five six one, nine zero one, thirty three, thirty three. That's five six one, nine zero one, thirty three, thirty three. Or visit Rick, has the buyers comm?

hi, I'm Eric Rosemary, branch manager at cross-country mortgage in Boca Raton. If you're deciding which lender to trust, whether you're purchasing or refinancing, I would love the opportunity to work with you. Over my 20 year career, I've helped close to 10,000 families buy or refinance the place they call home. Despite what you're hearing about interest rates, you might be surprised, as what we can do for you, let's talk, call or text me at nine five four, three, one, two, three one zero four, or visit rosemary mortgage team comm.

If you're ready to buy or sell your home and would like to schedule an appointment with Rick, call five, six, one, nine, zero one, 3333, or go to Rick. Has the buyers comm now back to the your home soul Guaranteed radio show and your host, rick Kendrick welcome back everybody.

In our final segment show we're gonna be highlighting one of our feature listings this week. Listeners, if you're considering and making a move and have an interest in having your home featured in our show, we would love to discuss this with you. The reason why I say that is because we just had a new listing come on the market. Actually, it's not even on the market yet. It's in Royal Palm Beach. It's a one bedroom, one and a half bath. It's not a big place but it is pristine, everything's been updated and it actually, to be honest, it's a 55 and older community, but it is a great community and offers a lot to you. So the price on that is going to be 155. Ready to move on, they're ready to check out. So you ought to check that out and if you have an interest in it, let me know. I'd be happy to show you that. Property Kerry we had three buyers come in this week, got pre-approved. They're out there looking around for property a Kerry the one that we did have that got approved was $460,000 approved and they're looking in the Port St Lucie area. What would you recommend to do?

Yeah. So if you're, if you live in the Port St Lucie area and you are considering a home sale and you believe that the property is worth and that 425 to, let's say, 450 range, feel free to reach out to us. We'd love the opportunity to show it to this buyer.

It might be a good fit for them, yeah, and I think it would really fit good. You know what we do for buyers, kerry, is that if they tell us a particular neighborhood that they really, really love, you know what we do? We blanket that neighborhood with letters Showing them that these people are fully qualified. Well, we'll give them the first names, okay, and we'll say, hey, they're ready to move in. We'll even show you a picture of them. Hey, this is Nancy and dick there. They both really are ready to go and buy a house, but we blanket the area and we look for it. So the neighborhoods that people want are in particular. So you may be in the neighborhood that they're looking at, don't forget. If you are interested in making a move, hey, I can come out, take a look at your place, walk around it. If this fits their needs, I'm gonna set up a private showing, if it's okay with you. But is it? Why don't I do this? Why don't I give you a free market evaluation to determine exactly what it's worth, but also tell you what to do and not to do, so you can save some money if you need to yeah.

So if you're out there and you are considering a sale, right, we have the this amazing multiple cash offer platform where, if you give us your address and a few details on your home, we can actually reach out to the dozens of real estate investors that we have that are purchasing homes in the area and will actually be able to generate offers for you in minutes. So this is a great option if you are not interested in putting your home on the market, if maybe your home needs repairs and you don't have the money to fix it up, or you just don't want the hassle of hiring a real estate agent and going the traditional route. Obviously, with our VIP buyer and waiting program, the person who's going to be paying the most amount of money for your home is likely going to be somebody who's actually going to be living in it. So it's kind of like you can go ahead and take advantage of our quick cash offer platform. If you want to sell quickly or if you want to entertain an offer from one of our buyers, you can do that. That will allow you to not have to put your home on the market. You'll get to skip all the showings and everything that comes along with having your home actively marketed. So this is a great option for you. Just know that all of the buyers that we work with like Rick said, we do always start out with them initially with a consultation. We get them totally pre-approved, so we know with confidence how much money that they can afford, and so if we do decide to bring you an offer from one of these buyers, you can know with confidence that you will be going to the closing table.

It's a great way. Like I said, we may already have a buyer for them. So hey, Kerry, tell us about the Go Sir Big Mission.

Yeah. So, rick and I, as well as our company, your home sole guaranteed realty, a mission of ours is to be sure to support area charities, and so the two that we most often talk about on the show are Little Smiles and the Law Enforcement Assistance Foundation. So now we're coming up on the holidays, so Little Smiles is a great organization if you're interested in supporting them. They do fun things for kids that are in hospitals in our area and are struggling with illnesses and whatnot, so their goal is to put smiles on their faces, and they do that through fun events like pizza parties, they do movie nights, they do celebrity meet and greets and fun things like that. So they're a great organization to support.

Yeah, and listen, if we do a transaction with you, either by or so, if you have a charitable organization dear to your heart, the close of the sale we'll donate a portion of our proceeds to the charity of your choice. So keep that in mind. So, hey, listen. I just want to do this final thought here. I want to welcome our friends back from the North. They've come down now. We can see them all coming down now. This is really great. The restaurants are starting to pick up a little bit, everything's great. So, hey, listen, normally when people come down here, they rent a condo or they rent a house. That's a lot of money because the sellers or the homeowners or the condo owners, you know they know they're going to raise and double actually the rents during the winter months. So think about that, the folks from the North, when you're coming down while you're here. Okay, if you would like a free consultation on talking about an investment property or a second home, I can promise you that it would be beneficial to you. So all you have to do is give me a call at 561-901-3333 or Rick Haslabires. I'll sit down and I'll show you the numbers on what it would be, to your advantage, to own a place, as opposed to paying those extreme rentals during that period of what is it October to the March or April. Is that right? So, anyway, appreciate you being down here from the North, but I really want you to start building your wealth for yourself here and not be giving it to somebody else. Hey, listen, thank you for taking time to listen to us today. This is Rick Kendrick, with your home, so guarantee royalty serving the Southeast Florida coast. Our network extends across the country and Canterham. You can call me or text me at 561-901-3333. Hey, kerry, thanks for coming on and giving us the updates on the numbers.

Oh no problem.

Okay, we look forward to next week. Tune in every Sunday at 10 am at the 850 WFTL News Talk radio.

You've been listening to the your Home Sold Guaranteed Radio Show with broker owner Rick Kendrick Heard every Sunday morning here on News Talk, 850 WFTL. Rick's company name is his promise your home sold guaranteed royalty. To speak directly to Rick about buying or selling your home. Call now to schedule an appointment 561-901-3333 or visit rickhasthebuyerscom and mark your calendar to join Rick again next week at the same time for the your Home Sold Guaranteed Radio Show here on News Talk, 850 WFTL.