Episode 7 - The Summer Market!

The latest episode of Real Estate with Stephen Gasque examines “The Summer Market!" And the headline is? Some markets are shifting - towards home buyers! Great news for anyone looking to buy a house - as some areas report plenty of homes for sale, far less competition, and sellers who are willing to negotiate! Our guest is in a market just like that - Dallas Texas, where former NAR President Leslie Rouda Smith explains what the shift means to buyers and sellers alike! Real Estate with Stephen Gasque: The best real estate strategies out there - just for you!

 

Episode Transcript

(00:00):
Page 1. Show Open & Guest Intro

(00:01):
Welcome to Real Estate this Week! Hi again! I'm Stephen Gasque, and I am so glad you're here - as we talk about how to nail it! Every time! No matter what kind of real estate you want to do!
Just you, me and the best real estate guests in the country!
Today...the Summer Market! But not just any summer market! Because there's news - about a market shift! Making it easier for home buyers! That's right - a better shot at getting the home you want!It's not happening everywhere - but it IS happening! So let's go straight to Dallas, Texas, where home buyers are finding plenty of houses on the market, and less competition too!     Joining us now is Leslie Rouda Smith, the 2022 President of the National Association of Realtors. Leslie is a broker associate at Dave Perry-Miller Real Estate, in Dallas. She previously served as the Chair at the Texas REALTORS®….where she also received a couple of BIG honors - their Distinguished Service Award, and Realtor of the year!! Leslie, welcome to Real Estate this Week!
Page 2. Leslie Rouda Smith -  Interview
Page 3. Guest Tag
Leslie Rouda Smith, the 2022 President of the National Association of Realtors.Leslie is a broker associate at Dave Perry-Miller Real Estate, in Dallas. She previously served as the Chair at the Texas REALTORS®….where she also received a couple of BIG honors - their Distinguished Service Award, and Realtor of the year!!
(Guitar Segue)
Page 4. Beyond the BasicsAnd now, it's time for 'Beyond the Basics,' in which we bring your real estate knowledge to the next level! And today...since we just entered the Summer Market, let's hit the water! And talk about what you can - and cannot do, if you own waterfront property! It's a big deal in markets with lakes, rivers, bays, and the ocean. A part of real estate called 'riparian rights!' That spell out in  great detail - what the rules are, where the land - meets the water. In most cases, if you own waterfront property, yes, you own the land - but NOT the water. But also, in most cases, you have rights to use the water - in certain ways. That's what riparian rights are all about. Say you have a nice place with a beautiful yard that goes right down the banks of a lake. Can you build a dock there? And if so, how far into the lake can it go? Five feet? Fifty feet? And can you dock your boat there? And maybe install a boat lift? To raise it up out of the water when you're not using it? How about a diving board - or a waterslide for the kids? Or how about a little boat house right on the water...where you could have a barbeque on the 4th? So many questions - that require you know - your riparian rights. They'll be spelled out, either by the municipality, or your HOA community, or maybe even the US Corps of Engineers. It all depends where the water is! But no matter where it is, the rules will be clear...and spelled out...and you need to know those rules...before you buy waterfront property...or start building anything in the water. Say that you find a place that has no dock at all. Can you build one? Check the rules! Or you find a place that already has a dock. OK. But you'd like a big raft you can swim to...30 feet out? Check the rules! And by the way, it's not just what you can build...it's what it's made of! The rules might specify whether the dock can be wood, or aluminum, or whether is has to be floating on - yes, that's right, they're called 'dock floats!' It's really just normal. I mean if you buy a condo, you need to know if you can rent it, or not. If you buy in an HOA, you need to know whether you can park on the street overnight, or not.  Riparian rights are just like that - but those rules only deal with waterfront property. OK? So what do you say? Shall we dive in?
(Closing Guitar)
Page 5. Tease to Next Week's Show & Show Close
Next time on Real Estate This Week? It's our Independence Day Doubleheader! All about the unique connection between our nation's veterans and active duty servicemembers! With so much information - it's a double - length show! A red, white and blue tribute - to homeownership! Our Independence Day Doubleheader show is next, on Real Estate this Week!And until then, I'm Stephen Gasque....and thank you for listening!