WEBVTT 1 00:00:00.440 --> 00:00:05.120 You're listening to the John and Heidi Show Bonus Hour. If you miss any 2 00:00:05.160 --> 00:00:09.400 of the program, you can find the podcast at the bottom of the page 3 00:00:09.480 --> 00:00:16.960 at Donny radio dot com. Give yourselfone credit. It's the most wonderful time 4 00:00:17.000 --> 00:00:20.600 of the year that it can also be expensive. Are you still paying for 5 00:00:20.839 --> 00:00:25.120 last year's Christmas gifts? Maybe you need better credit cards. We'd love to 6 00:00:25.160 --> 00:00:28.600 help at better credit cards dot com. Find a card that's a better fit 7 00:00:28.679 --> 00:00:32.600 for your needs. Some like cards with points or miles, Others just want 8 00:00:32.600 --> 00:00:37.719 a lower rate. Find what you're looking for at better credit Cards dot com. 9 00:00:37.880 --> 00:00:43.799 Goods dot com. Good morning. Thank you so much for listening to 10 00:00:43.799 --> 00:00:47.200 the John and Heidi Show on Christmas morning. We appreciate you joinings now. 11 00:00:47.240 --> 00:00:50.560 If you're looking for some Christmas music this morning, we do that on our 12 00:00:50.600 --> 00:00:56.920 sister station, Snowy Radio dot com. It's a commercial free Christmas channel and 13 00:00:56.960 --> 00:01:00.200 you can listen to that to have all the Christmas music you want. And 14 00:01:00.280 --> 00:01:02.600 if you're kind of the point where you're like, I'm done with Christmas, 15 00:01:02.679 --> 00:01:04.879 if you just keep on listening here, we don't play any Christmas at all 16 00:01:06.000 --> 00:01:11.439 locally. Now you might hear something tonight during Tony Loreino's Throwback Nation Radio. 17 00:01:11.719 --> 00:01:14.760 He chooses his own music, that's up to him. But again, if 18 00:01:14.799 --> 00:01:19.120 you're looking for Christmas music, Snowy Radio dot com. And a big thank 19 00:01:19.159 --> 00:01:23.920 you to Chantell Olsen Broker associate from a Maristar Real Estate, Folly's Heating and 20 00:01:23.920 --> 00:01:29.159 air Conditioning of Sue Falls, Roger Kasa Junior with will Cox and Insurance of 21 00:01:29.159 --> 00:01:34.680 Sue Falls Serve pro of Sue Falls Mini Critters two locations in Sioux Falls, 22 00:01:34.000 --> 00:01:40.040 and also suit Falls trim Light and Sue Fallscomedy dot com. And a big 23 00:01:40.079 --> 00:01:44.480 thank you to all of those sponsors for helping us have a commercial free Christmas 24 00:01:44.560 --> 00:01:47.799 channel so when you listen, it's just Christmas music and we do that every 25 00:01:47.840 --> 00:01:51.480 year. Here's the thing that's amazing. All of the sponsors I just mentioned 26 00:01:51.519 --> 00:01:53.799 they were sponsors last year as well. We haven't had an open spot on 27 00:01:53.879 --> 00:01:57.920 there for several years. So if you're interested in being a sponsor, reach 28 00:01:57.920 --> 00:02:00.799 out. I'll see if we can find a place for you. But right 29 00:02:00.840 --> 00:02:02.640 now, like I said, we have no room for additional sponsors because the 30 00:02:02.680 --> 00:02:07.680 ones we work with have been very very very happy, which makes me very 31 00:02:07.760 --> 00:02:12.159 very very happy. So thank you for listening to Snowyradio dot com for your 32 00:02:12.159 --> 00:02:15.000 commercial free Christmas music, and thanks for listening this morning right here on Sunny 33 00:02:15.120 --> 00:02:19.479 Radio. We've got Brent Baker joining us here in a moment, and then 34 00:02:19.520 --> 00:02:22.800 we'll have this day in Sioux Falls History, and then I'm so excited to 35 00:02:22.840 --> 00:02:25.039 visit at the end of this hour with Dianecannon. She is our guest for 36 00:02:25.120 --> 00:02:30.479 this movie Star Monday that happens to land on Christmas Day? Do you cringe 37 00:02:30.560 --> 00:02:34.919 when you get your mobile phone bill? Mintmobile can help just fifteen dollars a 38 00:02:34.919 --> 00:02:38.719 month for premium wireless give your family am intervention. Mint Mobile makes it easy 39 00:02:38.759 --> 00:02:42.599 to switch, get a new phone, or bring your current phone to mint 40 00:02:42.599 --> 00:02:46.639 Mobile. At intervention dot com you can see the current special offers for mint 41 00:02:46.639 --> 00:02:51.280 Mobile, offering premium wireless for just fifteen dollars a month. That is far 42 00:02:51.400 --> 00:02:54.439 less than most people are paying just fifteen dollars a month. Learn more now 43 00:02:54.599 --> 00:03:00.080 at mintervention dot com. That's mintervention dot com. Thanks for listening to the 44 00:03:00.159 --> 00:03:04.680 John and Heidi Show. Very excited to have Brent Baker joining us once again 45 00:03:04.719 --> 00:03:07.759 with a little real estate update. And we recently started going through a list 46 00:03:07.879 --> 00:03:13.840 of realator terms and things that maybe you'll hear a realtor talk to you about. 47 00:03:14.080 --> 00:03:15.439 And you're going, what in the world do these things mean? And 48 00:03:15.520 --> 00:03:20.560 what is the next term on our list? Here, Brent deed our first 49 00:03:20.759 --> 00:03:23.919 letter D. So this is what is like a title on a car in 50 00:03:24.000 --> 00:03:29.599 South Dakota. We are a titled state. It's called a deed. And 51 00:03:29.639 --> 00:03:34.439 so that is what's transferring. And that's that's basically a piece of paper explaining 52 00:03:34.520 --> 00:03:38.240 this is what you own. All of the information, the legal information of 53 00:03:38.240 --> 00:03:42.479 what you actually own with this property correct, it's recorded at the courthouse. 54 00:03:42.599 --> 00:03:46.319 This is what John and Heidi have purchased. Here's their so called license. 55 00:03:46.680 --> 00:03:53.520 Nice to live there. Default an unpleasant word, a whole different D. 56 00:03:54.240 --> 00:04:00.199 It's a whole opposite D. It is when as the title people, I'll 57 00:04:00.199 --> 00:04:03.000 say, if you pay, you stay. Yeah. If you don't pay, 58 00:04:03.360 --> 00:04:08.120 you don't stay, you default. You have defaulted on your mortgage and 59 00:04:08.360 --> 00:04:17.920 at some point you will be moving. Depreciation depreciation we typically associate with commercial 60 00:04:17.920 --> 00:04:24.959 properties or commercial equipment, but a home can depreciate if you don't maintain it. 61 00:04:24.959 --> 00:04:29.160 It depreciates in its value because you didn't keep the sighting painted you didn't 62 00:04:29.519 --> 00:04:32.800 replace the shingles as needed, the gutters are falling off, the property is 63 00:04:32.839 --> 00:04:42.480 depreciating, it's just not being taken care of. Yeah. Disclosures, So 64 00:04:43.000 --> 00:04:46.079 when you're buying an occupied home or a home that has been previously occupied, 65 00:04:46.120 --> 00:04:53.000 there are disclosure statements and it is just simply what has happened during the tenure 66 00:04:53.040 --> 00:04:55.800 of the current owner, and you, as a buyer, want to read 67 00:04:55.839 --> 00:05:00.319 those disclosure statements to see if they've had insurance claims, insurance fail, have 68 00:05:00.360 --> 00:05:05.360 they had problems with the septic It's a long In South Dakota, it's essentially 69 00:05:05.399 --> 00:05:12.639 five pages. But then you might have for a rural property, you might 70 00:05:12.680 --> 00:05:17.279 have a well disclosure. And so where I work in Minnesota, Minnesota requires 71 00:05:17.319 --> 00:05:23.519 a well disclosure and a septic disclosure, a meth disclosure. They have disclosures 72 00:05:23.920 --> 00:05:29.279 to see if you change your underwear on the right day. But you do 73 00:05:29.360 --> 00:05:32.120 want to read those because sometimes there's little tidbits in there that are interesting. 74 00:05:34.879 --> 00:05:40.199 Dome payment, so this is not between you and the realtor. This is 75 00:05:40.240 --> 00:05:44.160 between you and the lender. If you're going to get a mortgage, the 76 00:05:44.240 --> 00:05:47.680 lender needs to know what you're going to put down and there are no down 77 00:05:47.720 --> 00:05:55.759 payment mortgages available, but it is that percentage of the total purchase price that 78 00:05:55.800 --> 00:05:59.759 you're putting down. Nice. I think most people are familiar with that one. 79 00:06:00.399 --> 00:06:02.680 I would hope so. And the more you put down, the lower 80 00:06:02.759 --> 00:06:11.399 your payment will be. Nice. Earnest money deposit sometimes referred to as skin 81 00:06:11.600 --> 00:06:15.279 in the game. So earnest money is what you are putting down at the 82 00:06:15.439 --> 00:06:19.879 time of your agreement. When you reach an agreement. It is not a 83 00:06:19.920 --> 00:06:26.600 part of it's not your down payment. How earnest money came about, and 84 00:06:26.600 --> 00:06:30.480 this is a little bit of a long story, but years ago, people 85 00:06:30.519 --> 00:06:33.519 would write multiple offers on properties, all at the same time, and then 86 00:06:33.600 --> 00:06:39.279 whichever one accepted their offer, or several people accepted their offer, they go, 87 00:06:39.439 --> 00:06:43.399 I want that one, not that one. And the problem was everybody 88 00:06:43.439 --> 00:06:47.879 thought they were under contract, but the reality is the buyer picked a different 89 00:06:47.879 --> 00:06:54.879 house, and so to eliminate that, they created earnest money. And because 90 00:06:54.879 --> 00:06:58.959 that money will get deposited within one or two business days of reaching an agreement, 91 00:07:00.160 --> 00:07:02.360 and so that put a stop to the multiple offers and just leaving people 92 00:07:02.399 --> 00:07:06.240 hang. Yeah, yeah, that's not very fair to do it the other 93 00:07:06.279 --> 00:07:12.160 way so no, and these poor sellers were thinking they were moving forward with 94 00:07:12.240 --> 00:07:15.160 something and maybe went out and bought another house only to find out or turned 95 00:07:15.560 --> 00:07:24.879 turned away another offer. Correct, So this keeps everybody honest ish hopefully so. 96 00:07:25.759 --> 00:07:30.839 Encroachment and encroachment is typically something we see in older parts of towns. 97 00:07:30.879 --> 00:07:36.279 But occasionally somebody puts up a fence and they didn't put it up on their 98 00:07:36.360 --> 00:07:42.560 side of the property line, so now it's encroaching on the neighbor's property. 99 00:07:43.240 --> 00:07:48.560 Older parts of town we see fences, garages, sometimes driveways. In other 100 00:07:48.600 --> 00:07:53.240 areas you might see landscaping where they just went too far. They didn't know 101 00:07:53.240 --> 00:07:57.439 where the property line was and they didn't stay within their boundary. It is 102 00:07:57.519 --> 00:08:01.720 also a very vertical line, not purely hard, so if the eve of 103 00:08:03.120 --> 00:08:07.720 an adjoining property owner's building or house hangs over that line, that is also 104 00:08:07.800 --> 00:08:11.279 an encroachment. Very nice, and again I think this would be a very 105 00:08:11.279 --> 00:08:15.199 good place to take a break, and we'll come back next week and we'll 106 00:08:15.240 --> 00:08:16.839 work our way through the list. Brent. If somebody would like to reach 107 00:08:16.839 --> 00:08:18.759 out to you this week, what is the best way to get a hold 108 00:08:18.759 --> 00:08:24.240 of you. You can find me at Brent Baker at kW dot com or 109 00:08:24.480 --> 00:08:31.759 my number is six zero five three to one zero zero two nine seven. 110 00:08:31.120 --> 00:08:37.159 Very nice. You can also find him online at clients FirstGroup dot com. 111 00:08:37.480 --> 00:08:43.799 Give yourself. It's the most wonderful time of the year that it can also 112 00:08:43.879 --> 00:08:48.399 be expensive. Are you still paying for last year's Christmas gifts? Maybe you 113 00:08:48.480 --> 00:08:52.399 need better credit cards. We'd love to help at better credit Cards dot com. 114 00:08:52.559 --> 00:08:56.240 Find a card that's a better fit for your needs. Some like cards 115 00:08:56.240 --> 00:09:00.000 with points or miles, Others just want a lower rate. Find what your 116 00:09:00.000 --> 00:09:07.360 we're looking for at better credit cards dot com. Good credit Cards. Time 117 00:09:07.440 --> 00:09:11.240 out for this day in Seux Falls History, brought to you by the Sux 118 00:09:11.240 --> 00:09:15.720 Falls Fund Page, West Sioux Studios and Sonny ninety three point three. It 119 00:09:15.799 --> 00:09:18.080 was on this day, December twenty fifth, eighteen seventy eight, that the 120 00:09:18.120 --> 00:09:22.679 Old Germania Hall was open to the public. The walls of the Old Germania 121 00:09:22.720 --> 00:09:26.879 Hall could probably have shared so many tales from the early days of Sioux Falls. 122 00:09:26.919 --> 00:09:28.919 The building once stood where the old City Hall building is today, but 123 00:09:28.960 --> 00:09:33.480 there's no doubt the early holiday parties were quite an event. Three state constitutional 124 00:09:33.519 --> 00:09:39.919 conventions and many city events, dances and formal balls all once called Germania Hall 125 00:09:39.080 --> 00:09:43.480 Home. This day in Sioux Falls History has been brought to you by the 126 00:09:43.519 --> 00:09:46.840 Seux Falls Fund, Page, West Sioux Studios and Sonny ninety three point three. 127 00:09:46.960 --> 00:09:50.320 Do you cringe when you get your mobile phone bill? Mint Mobile can 128 00:09:50.399 --> 00:09:56.519 help just fifteen dollars a month for premium wireless, give your family an intervention. 129 00:09:56.840 --> 00:10:00.440 Mint Mobile makes it easy to switch get a new phone or your current 130 00:10:00.440 --> 00:10:03.399 phone to mint Mobile. At mintervention dot com you can see the current special 131 00:10:03.399 --> 00:10:07.759 offers for mint Mobile, offering premium wireless for just fifteen dollars a month. 132 00:10:07.840 --> 00:10:11.960 That is far less than most people are paying just fifteen dollars a month. 133 00:10:13.159 --> 00:10:18.279 Learn more now at mintervention dot com. That's mintervention dot com. Hey, 134 00:10:18.320 --> 00:10:22.399 this episode of The John Nheidi Show Bonus Hour is done. Now. There 135 00:10:22.399 --> 00:10:26.879 are times during the Bonus Hour I'll mention something from our regular program, The 136 00:10:26.960 --> 00:10:28.960 John and Heidi Show, which is syndicated on like three hundred stations around the 137 00:10:28.960 --> 00:10:33.399 country. There's actually a podcast for that as well. So if I mentioned 138 00:10:33.399 --> 00:10:35.960 something, they're going, hey, whatever happened he didn't talk to that person, 139 00:10:37.039 --> 00:10:39.879 or this didn't happen. That didn't happen You can find that podcast at 140 00:10:41.000 --> 00:10:46.879 John and heidishow dot com. Thanks for listening to The John and Heidi Show Bonus Hour