You're listening to the John and Heidi Show Bonus Hour. If you miss any
of the program, you can find a podcast at the bottom of the page
at Johnny radio dot com. Thank you for listening to the John at Heidi
Show Bonus Our. Excited to have Brent Baker in the studio here in just
a moment. We're gonna be chatting with him for a little real estate update.
Gonna finish a list we started last week. Got the top ten myths.
I believe it was about buying. I don't remember, but we're gonna
finish it. I've got the notes here somewhere, and we're going to finish
that when Brent gets here. Also, I want to remind you to put
some things on your calendar for later this week. We've got on Friday,
Union Gospel Mission Rock the Block. The first half is painting and clean up
in that neighborhood, and they're gonna be going out to households in the area
helping folks out. I think that's really really cool. And if you're going,
hey, I would like to help. On Saturday, reach out to
the Union Gospel Mission this week we're gonna be talking to them. We chatted
a couple of weeks ago go with Ellie, but we're gonna be talking with
them again this week about this event and other fun things that are coming up,
So be listening for that later in the week, but make plans this
week for the Rock the Block again. The painting and cleanup is Saturday,
and Rock the Block Block party is this Sunday. Also, I want to
remind you this Saturday night, we've got an anniversary to celebrate in a big,
big way at Grand Falls Casino and Golf Resort. They've got a beautiful
fireworks show they do every year for their anniversary that is this Saturday night.
I encourage you to join us at Grand Falls Casino and Golf Resort Saturday Night
for so much fun. And then this Sunday the All Ford Car Show.
The Seoue Empire Forward Club puts this on every year and we've been very blessed
to be invited to be a part of this every year for the last I
don't know about a decade, I suppose. And I'll be there with some
music and we'll be their broadcasting and then we'll snapping photos and posting them to
our Facebook page. It's a really fun event. It's free admission to come
and join us. This will be right at Sioux Falls and that is on
twenty sixth Street West, twenty sixth and sou Falls. And again it's the
all Forward Card show. That is this Sunday, this coming Sunday. I'll
make sure I post all this stuff online as well. But busy week,
a lot of fun stuff to do, So if you get a chance,
get out and join us. And again I'll be talking to folks about all
of these things throughout this week, but I wanted to give you a little
heads up so you could throw them on the calendar. Now coming up in
a moment, we'll chat with Brent Baker with clients first Group and again get
a real estate update from Brent on the way. What a year with prices
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Thanks for listening to the John and I Show. We've got Brent Baker joining
us from Client's First Group and Keller Williams Realty. And last week we talked
about ten myths clients believe about the current market. But we got the through
the first five, No seller preparation is needed. Number two was I can
still ask whatever price I want. Number three, we can still use multiple
offers to our advantage. Number four selling as is as easy peasy, and
number five no contingencies. So what is myth? Number six? Brent,
Well, as a buyer, I'll wait until the prices come down. Well
what if they never come down? Well, look at long term history.
Yeah, as the number ever shrunk only once, Yeah, and only once
in our lifetimes, and it was only brief. Yeah, and it started
coming right back up. And you need to remember that shelter can't be avoided.
No, So if you think you're going to just keep renting till prices
comes down, you'll probably can tinue to rent the rest of your life because
you can pay your mortgage or you can pay their mortgage. Yeah. Absolutely,
what's myth? Number seven? The real estate market is going to crash.
There are probably some people who think that all the time. But there
are some people who always think negative thoughts their glass half empty people. Well,
and it sounds a little rude when I say, so what, Yeah,
so the market crashes, what was your money doing before you bought a
house? Yeah? And how much of that was really your money? But
you still need shelter. Yeah, And the market has retracted so few times,
and a lot of people have sat on the sidelines thinking there's going to
be a change, and they forever sit on the sideline. Yeah. Absolutely,
And if you need to look any further for advice on that type of
market, look to the really big investors, the Warren Buffetts, Charlie Mungers
and people in their category. Yeah, big investors never try to time the
market. They're looking at is this a value? Do I have the money?
And is this a value? They never try to time the market.
So buyer myth number eight. The only way to get a house today through
the listing agent is that's a great concept, and I hear it once in
a while, and not that it can't be done, but remember this,
the listing agent has a contract with that seller. They represent the seller.
Yes, in South Dakota, an agent can represent both parties. However,
they cannot put at one at a disadvantage to together by anything they do or
say. You're going to see it at the same time, whether it's coming
through your buyer agents portal or yours. So do yourself favor and get your
own representation, especially when it comes to inspections. So you've got somebody representing
you when they've got somebody representing them. Correct. I like that. What
is buyer myth number nine? I can lowball. I'll tell you if I've
watched this over and over and I've had this conversation. If somebody comes in
lowballs your used car, you're not going to take that very badly. You'll
just say no, I'm good. Yeah. But if somebody lowballs the place
where you've had birthday parties for your children, grandchildren, there is a very
personal connection. Yeah, and so there tends to be a lot of pushback
and you'll probably end up paying more for it than if you'd just been a
reasonable offer right out of the gate. I could see that. And finally,
buyer myth number ten. Some people think it's better to buy off market,
and sometimes it is whoever, realize you have to motivate that seller.
You have to give them a reason, and so you may may not fare
any better trying to buy an off market property simply because you have to entice
that person to want to move and you've got to make it worth their while.
Yeah, otherwise they can go on the market and get hopefully get a
bidding war. Absolutely, if somebody listening, whether they're in the market to
buy a home or if they're in the market to sell a home and they
need some somebody awesome to represent them, I recommend Brent Baker, who's in
the studio with us right now. How do they reach out to you,
Brent to have you on their team. Call me at six zero five three
one zero zero two ninety seven or Brent Baker at kW dot com. Very
nice, Thank you for coming in, sir. It's always a pleasure.
John Again, Brent Baker, and you can find them online at clients FirstGroup
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That's Genesis, goold ira dot com. Time now for this day in
Sue Falls History, brought to you by the Sue Falls Fund Page and Sunny
ninety three point three. It was on this day, June fifth, nineteen
sixty four, the NAIA Track and Field National Championship kicked off at Howard Wood
Stadium. They actually held the champion Track and Field Meet in Sue Falls for
ten years from nineteen fifty eight till nineteen sixty seven. Each year we would
see world class athletes descend on Sue Falls and assault the record books. Year
in and year out, Collegiate, national, and even a few world records
were broken right here in Sioux Falls. We would also play host to special
guests and athletes of national fame like Jesse Owens, Wilma Rudolph, and Billy
Mills. During these amazing events. Due in large part to the naia's unprecedented
acceptance of historically black colleges into their membership. During the nineteen sixties, the
association saw out standing athletes who were being passed up by bigger colleges due to
the color of their skin. Those athletes use the beautiful grounds of the brand
new Howardwood Stadium to prove just how deserving they were, and Sue Fall citizens
literally got a front row seat to history. This day in Sue Fall's history
has been brought to you by Sue Falls, funpage dot com and Sunny ninety
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That's mintervention dot com. Here's your market be minute four Monday June fifth,
brought to you by Genesis Gooldira dot com. The SMP five h rallied
Friday afternoons hit the Street that a debt ceiling resolution passed. The next move
is for the President to sign an into law, which is expected to come
before the US to faults. The S and P five hundred gained more than
one point five percent at the high of the session and is on track to
break a critical resistance level. That level is a forty three hundred level,
which has capped the market for over a year. There isn't much news expected
in the coming week. The economic calendar is nearly void of releases, and
a few earnings reports will not move the market. Because the FOEMC meets next
week, the market could enter a consolidation while it waits for the new update.
The Fed is not expected to high rates, but it is expected to
remain hawkish and indicate the need for rates to remain high. You could get
the inside track from Wall Street's brightest minds delivered directly to your inbox every day
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