Veronica Dagher
speaker
3,082 appearances
51 recordings
1 series
first heard Sep 2017
last heard Jan 2025
Veronica Dagher’s voice in public audio — every appearance, attributed to the second.
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Appearances
You've got higher mortgage rates.
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You've also got high property taxes, higher property prices.
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All of these things are pressuring buyers' wallets.
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Well, one of the reasons is they just don't want to hire a contractor.
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It's a lot of work to do that, and it's hard to find them these days.
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But the big factor here is high mortgage rates.
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So buyers are already spending a ton of money to get that mortgage.
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They're spending a ton of money to buy the house.
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Some of these houses they're paying a lot for aren't in the best condition, but they're still buying them anyway.
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So if you're already forking out a ton up front, there's not a whole lot in your budget left for something like a renovation.
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Right, exactly.
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Yeah, there's so much to do.
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You have to find the right contractor.
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If you're working remotely, I mean, that's something to think about, too.
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Do you want a construction site made out of your home?
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Anyone who's had work done knows how difficult it is to get contractors sometimes to commit to certain timelines and certain costs.
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So that is discouraging people as well.
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What this means right now is that people in general are backing away from buying these homes and are looking for more of a turnkey home experience.
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So fixer uppers are already less favorable for buyers these days because not only you've got your high interest rate on your home loan, your mortgage rate is higher than people paid about a year ago.
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But also, typically, when you renovate a house, you need to take a construction loan.
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Showing 1041–1060 of 3,082 · page 53 of 155
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