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Home Buyers with Loans vs. Cash Offers with NerdWallet Expert
Episode 848
The housing market has never been so competitive. Buyers are going head to head in bidding wars and trying to out-do one another with concessions. But when it comes to buyers that need financing and ones who offer cash, sellers often choose cash because it's quick and easy. In this episode, you'll hear from NerdWallet's Holden Lewis who talks about what borrowers can do to give themselves a fighting chance against cash buyers.
Holden has reported on mortgages since 2001, working through a housing boom, the Great Recession, and the long recovery. He's also NerdWallet's authority on mortgages and real estate, and the former president of the National Association of Real Estate Editors. He's won various writing awards, and is rehabbing his Mom's house! He'll share some of his tips for people with loans and what they can do to make their offers more attractive to sellers.
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TRANSCRIPT:
[music]
Rich Fettke: [00:00:00] You're listening to The Real Wealth Show with Kathy Fettke, the real estate investor's resource.
Kathy Fettke: The US housing market may never have been quite as competitive as it is today. Buyers are going head to head in bidding wars and trying to outdo one another with concessions, but when it comes to a buyer that needs financing and those who offer cash, sellers often choose cash because it's quick and easy. In this episode of The Real Wealth Show, you'll hear from NerdWallet's Holden Lewis, who talks about what borrowers can do to give themselves a fighting chance against cash buyers. I'm Kathy Fettke and welcome to The Real Wealth Show.
Holden has reported on mortgages since 2001, working through a housing boom, the great recession, and the long recovery. He's also NerdWallet's authority on mortgages and real estate. On today's show, he's going to share some of his tips for people with loans and what they can do to make their offers more attractive to sellers. Holden, welcome to The Real Wealth Show.
Holden Lewis: Hey, nice to be here.
Kathy: I think we've heard your company's name in the news quite a lot, so it's really an honor to have you here. Let's talk a little bit about the, first of all, what your company does. What is NerdWallet?
Holden: NerdWallet, well, it's a financial marketplace where you can go to find mortgages, credit cards, that kind of thing, plus lots and lots of personal finance information from dozens of reporters. I'm one of them.
Kathy: Okay, wonderful. It's interesting because there's a lot of talk about not going into debt. There are authorities out there, Dave Ramsey for one, that says don't go in debt. What are your thoughts on that?
Holden: There are some kinds of debt that are just perfectly fine to go into. Student loans, mortgages, I think that those are fine. I think a lot of times credit cards are [00:02:00] a perfectly good way to spend your money. I think about when I was in m
Published on 4 years, 3 months ago