The Double Comma Club

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Financial Independence for Early Retirement through House Hacking


Nicole's guest today is Zeona McEntyre. In this episode, they talk about house hacking to financial freedom. House hacking is the way that Zeona thought to be financially independent. And her role now is really just to help empower people, inspire people and get them excited about what's possible. People they think, "Oh yeah, financial independence or early retirement, that's for other people, that can't happen for me. Or if I'm going to do that, it's going to take me 15 years." But she did it in two years with house hacking. She also believes it's really doable in five and traditional people that are doing just financial independence with index funds, they do it in about 10. So it's almost about just knowing it's possible and then allowing yourself to have that.

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Don’t Be Afraid of No from Your Lender


There's No Bubble to Burst
I keep hearing that people are waiting for the Denver market to cool down to buy or sell. But is that the best plan? Appreciation is at 6.9% year to date, which mean phenomenal growth for those who have purchased and opportunity for those just diving in. How do I know? Because three years ago I was sitting in my backyard saying nearly the same thing. The difference between now and then? Low interest rates.

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Buyers, Sellers, Agents, this is not the time to rest.

No rest for the agent, the buyer the seller

November’s DMAR report highlighting October data reflects just how important the home has become by producing nearly as many records as we saw in last month’s report. Now is not the time to sit on the sidelines in fear that the bubble will burst; it is the time to stay engaged. Finding the right home might be challenging, but waiting will only cost you more.

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Forbearance and Unemployment Numbers’ Effect on Denver Real Estate Market

Denver Market Updates

What do the current numbers tell us about the difference between delinquency and foreclosure? About values for the top 10% of home prices vs. the entry-level lower-priced homes? Some highlights to this episode include;

We have to make sure that we distinguish this for our clients because the delinquency rates are not foreclosures, they're forbearance. And those numbers of people that are going off on forbearance is growing. More people are coming off forbearance. When they're talking about the delinquency numbers are going up, they're watching that under 30 days, 30 to 60, over 90. That's increasing and that's the number that jumps out on the headlines. Realistically though, the number of mortgages and active forbearance is going down, because remember, we started this in that March and April timeframe. Really, April was the first month that people could skip their mortgage payment with the forbearance, the CARES Act. All of those people had up to 12 months that they could be on forbearance in a three-month cycle. Most servicers are offering it every three months and then at the end of three months, you can choose to extend it or you can come off of it.

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Giving Agents the Tools to Be Essential Human Resources for Buyers and Sellers


Nicole gives us a chance to meet the new CEO of DMAR, Nobu Hata. Nobu tells us the plans for membership support and value-added benefits.

Nicole asks him some questions that you will want to hear the answers to, even if you are not in the DMAR Sphere. His perspective includes what he learned working at NAR.

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Resurgence of HOME and how it affects the Denver real estate market

DMAR How the resurgence of home is affecting the Denver real estate market

It’s become infinitely more important as it’s our refuge, our workplace, classroom, meeting room, restaurant, escape and for some, our isolation. The Denver Metro Association of REALTORS® (DMAR) October Market Trends Report highlights how this resurgence in our home has played out in the stats. 

  • We have the lowest amount of homes for sale for any September at 5,301 homes, which consequently is only a mere 950 homes more than Denver-area’s all-time inventory low
  • Buyers put your sneakers on because homes are selling in six days, the fastest for any September on record
  • Be ready to pay more. Denver’s median closed price hit a record high at $461,000. Consequently, that’s more than the sellers were asking, as the close-to-list price for September was 100.41%
  • Even with this low inventory, we sold 5,850 homes, more than any September on record
  • With another record 6,376 pending sales teed up for October
  • Sellers, I see you are trying. 6,376 new listings came on the market; but with demographics and interest rates favoring buyers, it simply isn’t enough

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Know Your Loan Options Renovation, CHFA, Jumbo, Conventional, FHA, USDA, and VA

Know Your Loan Options FHA, USDA, and VA

This is a recap of the tips in September. They include information about all types of loans, limits, how they benefit you including Renovation, CHFA, Jumbo, Conventional, FHA, USDA, and VA.

I mean who are Fannie Mae and Freddie Mac?

(Hint: Unfortunately not the neighbors down the street)

As consumers we all want to make sure we understand .. and can take advantage of, our options. Particularly when it’s funding possibly the largest purchase you've ever made! Yet with so many loan options how do you know where to begin?!

Renovation loans are a great option for those who have purchased a home or investment property that needs a bit of TLC. Take advantage of the great appreciation we've had to make your current home your forever home. Old musty carpet and overly patterned tile might go out of style, but leveraging the wealth you've gained by owning your home hasn't.

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Making Your Professional Memberships Work for You

Making Your Professional Membership Work for You - Mike Papantonakis

This week we spent time with Mike Papantonakis, newly inaugurated DMAR Market Chair and agent with Re/Max Alliance. He is one of the new leaders of DMAR but leadership isn't new to Mike. Together we explore how his experience gives him the strength he needs to lead DMAR's Board as well as champion his clients.

He reminds us that when we question the value of professional memberships, we have to remember to also ask, "What did I put into that membership? How did I participate? You only get out what you put in.

"We can not continue to do business the way we do business today. We're always going to have to be looking for a better way and a new way to do things."

- Mike Papantonakis

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Use Your Extra Time to Learn All You Can and Add Value

Jill Schafer on The Double Comma Club

Jill Schafer is Nicole's guest in this episode talking about smoothing the path to homeownership to get to the celebration. That's done through continuous education on behalf of our clients.

Jill says, "understanding the market and educating our clients that's not something they could just pick up online I mean, they can read the article, but they are going to get that microneighborhood information that we can provide and getting information on just their price point or their area, or are they looking at attached and detached and that's something that report really provides and you know we can provide it to our clients, but we need to still explain how that relates to them. And so it's focusing on how I can try to make that process smoother for them in every possible and make it a celebration."

Tune in for some sage advice from this seasoned Real Estate professional.

Daily Disciplines and Increasing Your Value

Dina Piterniece on the Double Comma Club

Some of what Dina Piterniece has done to keep communicating with her clients and prospects includes:

  1. Picking up the PHONE and TALKING to them about something other than real estate.
  2. "Thinking about you" cards to clients.
  3. Sending out a regular newsletter with positive ideas.
  4. Keeping them updated as the rates kept changing in case they were able to take advantage of the situation.
  5. Increasing your services, resources to pass along to them. 

Her advice to fine-tune 2020 is to stick with the items that work for you best. Everyone has their specialties. Look for ways to increase your value and knowledge. 

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