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<v Speaker 1>It is time for your true real estate nine to

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<v Speaker 1>one to one MIDWEK update with your local real estate

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<v Speaker 1>pro Lisa True Lisa. We know that we're into a

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<v Speaker 1>buyer's market, most especially in the condo market, so that

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<v Speaker 1>presents opportunities for buyers some real challenges for sellers. What

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<v Speaker 1>should everybody in that conversation be doing?

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<v Speaker 2>Yes, Brian, I've been sharing that we've been in a

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<v Speaker 2>strong buyer's market in condos, with an average of ten

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<v Speaker 2>months supply of condos, and in some condo buildings it's

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<v Speaker 2>as high as sixteen to twenty month supply. Now, the

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<v Speaker 2>reason behind that, we've mentioned insurance, but it's even bigger

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<v Speaker 2>than that in some buildings. Some buildings have actually made

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<v Speaker 2>their way into the Fanny May Do Not Lend list.

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<v Speaker 2>Now that sounds terrible, however, the reason behind it is

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<v Speaker 2>most of the buildings that are on that list have

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<v Speaker 2>an insurance deductible higher than Fannie May is comfortable with.

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<v Speaker 2>It might and probably will be a temporary issue for

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<v Speaker 2>the next maybe couple of years, until this all gets

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<v Speaker 2>maybe softened a little bit with the insurance issue. Now,

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<v Speaker 2>it's not all lost for buyers. This is actually great news.

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<v Speaker 2>They can still get a loan a non conforming loan.

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<v Speaker 2>It's about a half a point higher.

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<v Speaker 3>So it's not devastating. However, sellers, because of the market

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<v Speaker 3>most sellers, if they're smart, are willing to pay to

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<v Speaker 3>buy down that rate.

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<v Speaker 1>This just shows why it's so important to have the

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<v Speaker 1>expertise of the True Group working for you. These situations

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<v Speaker 1>can be complex. The truths they understand it, so you

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<v Speaker 1>don't have to worry about knowing what to do. Get

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<v Speaker 1>in touch with the truths today call five to six

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<v Speaker 1>to one nine seven, two eighty three, twenty six, visit

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<v Speaker 1>True real Estate nine to one one dot com, or

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<v Speaker 1>just google True Group that's tru Group.