Episode Transcript
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Speaker 1 (00:00):
Hello friends, thank
you so much for being here.
This is the George Real EstateGroup podcast, which is a
production of our live weeklyradio shows hosted on multiple
radio stations here inHendersonville, north Carolina.
The George Real Estate Groupserves Western North Carolina
and Upstate South Carolina andit is a privilege to share
positive news about our localreal estate market and community
(00:23):
.
Thanks so much for subscribingand, of course, if you have any
real estate questions or if wecan help you in any way, be sure
to reach out.
Visit us atgeorgerrealestategroupradiocom
for more information.
Good morning and welcome to theGeorge Real Estate Group live
(00:47):
radio broadcast here on WHKPevery Thursday morning, bringing
you positive news about yourlocal real estate marketing
community.
We're so grateful to be herewith you on the day before July
4th.
July 4th is tomorrow and a lotto be thankful for and just
celebrating Independence Day.
You might maybe didn't realizethis July 4th and Independence
(01:09):
Day was.
It wasn't actually on July 4th,it was actually July 2nd, 1776.
But the Declaration ofIndependence was adopted on July
4th and the date on thedocument John Adams even said
July 2nd would be the bigholiday if you didn't know that,
and we'll jump into some funfacts about the 4th of July, but
(01:30):
if you're tuning in for thefirst time ever, the George Real
Estate Group we're located inFlat Rock.
We serve all of Western NorthCarolina and the upstate South
Carolina.
We have incredible agents andwe have incredible staff and
team and we're here to serveyour real estate needs, whether
buying, selling, investing inreal estate.
Maybe you're thinking about taxstrategies and estate planning.
Maybe you think about yourinvestment, real estate
(01:51):
investments and whatever itmight be, or even a career in
real estate.
We're having and hiring moreagents in this market.
There's an opportunity to helpmore people navigate through the
buying and selling process.
So if you're just curious whatyour home is worth, if you're
curious about maybe you have areal estate portfolio of rental
(02:14):
properties or commercialproperties or land and maybe
it's just land and you're payingtaxes on it there might be a
better way to utilize theresources you have with real
estate and we can talk aboutagain whether it's a personal
home, investment home, whetherit's land.
If you've heard or thoughtabout 1031 exchanges, maybe
(02:34):
you're thinking ahead for yourstate.
There's so many differentconversations that we're having
every single day and we'd behonored to have the conversation
.
Give us a call the George RealEstate Group at 828-393-0134,.
828-393-0134.
We've had the privilege ofhelping over 1,500 families
throughout the years with buyingand selling real estate.
We have an incredible group.
(02:56):
We have an incredible team.
We're so enthusiastic abouthelping our clients navigate
through the buying and sellingprocess.
You can find us online atrealestatebygregcom.
You can also stop by our officeat 2720 Greenville Highway
there in Flat Rock.
We're in Rainbow Row, which is atip of the hat to Charleston.
You know Flat Rock was known asLittle Charleston and so many
(03:19):
people from Charleston wouldescape the heat and come up.
You know, escape the heat andcome up and avoid.
You know what I mean.
This is before air conditioning.
But for you know, for years Imean people from Charleston
would come up and enjoy the coolmountain air, enjoy the higher
(03:42):
elevations and come up.
And again, it's not and it'sthe little Charleston of the
mountains.
And, uh, it was actually namedin the early 19th century and it
was the wealthy Charlestoniansthat you know that built their
summer homes in to escape thesweltering low country.
Um, so you know we're sograteful.
(04:04):
We have an incredible groupthere.
Call us directly 828-393-0134.
Find us online and we alsopodcast all of our radio shows.
You can find that on yourfavorite podcast platform.
Just a quick snapshot of what'sgoing on in the real estate
market In the last 12 monthsthere's been 1,515 single-family
(04:27):
homes sold in the last 12months in Henderson County.
I mean, it's 126 single-familyhomes a month selling.
The inventory keeps going up.
We have 621 activesingle-family homes in the
market.
We have almost a five-monthsupply.
A six-month supply isconsidered balanced.
Days on market is increasing.
The market's softening, theprices are holding somewhat.
(04:50):
They've been around that 530,mid-530 range 537, 538 in the
last 12 months.
Still, about a third of ourhomes sold in the last 12 months
were purchased with cash andthe market's still moving and
we'll and we'll talk about thatuh here more.
We'll dive into some of thenumbers of what's what's going
on here locally.
(05:10):
We have some incrediblelistings, we have some
incredible inventory uh, andwe've had a number of homes go
under contract since we were onthe radio last.
I mean the market uh keepsmoving.
Here's a quick seven-daysnapshot in just Henderson
County single-family homes 67new listings Interestingly, 66
price drops, 37 homes went undercontract and 45 homes closed
(05:38):
and 45 homes closed in the lastseven days.
Again, that's the end of themonth end of June closed in the
last seven days Again, that'sthe end of the month end of June
and we have seen, like I said,year to date there's been just
slightly more homes sold year todate this year versus year to
date last year.
The market's still holdinghealthy demand.
It does seem to have plateauedaround this 125, 126 single
family homes a month selling inHenderson County and inventory
(06:02):
levels are going up.
Days.
Market is increasing, um, butyou know the, the news in and of
course the headlines say youknow home sales are down
compared to last year and andspecifically henderson county,
that's, that's not true.
We've had a slight increase.
But you know people might be,you know across the country,
(06:22):
that's, that's, that's true.
Um, but the you know peoplemight be, you know across the
country, that's true.
But the you know you might bewondering is it even a good time
to sell?
And I wanted to break that downas to what that even, you know
how.
You know, is it a good time tosell?
The headlines are like the homesales are down.
So, yes, the housing pace, thepace of the housing market has
(06:46):
cooled down, you know from thewild breakneck speed we all saw
during the pandemic years.
But that's not a reason topanic.
That's a sign we're finallygetting back to a normal,
healthier market.
You know, normal doesn't meannothing's happening, far from it
, as I just shared with you theseven day trend in the last.
(07:07):
You know, henderson County homesare still selling every single
day and buyers are still outthere.
You know, think about it.
Life doesn't wait for theperfect market.
People still get married, havebabies, get new jobs, downsize,
upsize, relocate.
Life happens and homes changehands because of it, and this
(07:28):
year is no different.
There are people right nowlooking for a home, just like
yours.
You know, here's a fun one foryou.
According to the latest fromthe National Association of
Realtors, about 4 million homesare expected to sell this year,
and that's existing homes alone,not counting new construction.
(07:49):
If you break that down, that'sover 11,000 homes sold every
single day, or about 460 homessold every single hour.
You know, do the math.
That's roughly eight homesselling every minute.
So in the time it takes us tohave this conversation, right
now eight more families arebuying a home and eight sellers
(08:09):
are closing a chapter.
So if you've been holding offthinking, no one's buying right
now.
Just know the buyers are stillout there, but the approach is
different than it was during thefrenzy.
You're selling a home todaytakes more than just putting a
sign in the yard and crossingyour fingers.
You need a smart price, greatmarketing and someone in your
(08:30):
corner who knows how to connectyour home to the right buyers.
And that's where having atrusted local real estate agent
makes all the difference.
We help you price it right,stage it, get those professional
photos, get the word out onlineand offline.
We know how to negotiate to getyou across the finish line.
(08:51):
So the bottom line's this themarket hasn't stopped, far from
it.
Life keeps moving, and so dohome sales.
And if selling your home is partof your next chapter whether
you're looking for more space,less space or a fresh start
somewhere let's talk about howto make that happen for you.
You know, every minute, abouteight more homes sell, and yours
(09:12):
could be next.
And so, when you're ready totake the next step, give the
Georgia Real Estate Group a call.
We're here to help.
You know we always.
You know we are alwaysavailable.
If you're just curious whatyour home could sell for, uh, in
your area, in your neighborhood, reach out.
We're happy to run the numbersno pressure, no costs, no
obligation.
(09:33):
Uh, and again we'd love toconnect.
And the market is the market,the market is still moving.
And and again we can have thatconversation about what's right
for you, your specific home,your specific neighborhood, the
nuances of what and where youlive, and how we can tie into
(09:54):
that.
And again we'd love to have theconversation, as I mentioned
before, independence Day, 4th ofJuly, tomorrow.
The Continental Congressactually voted for independence
on July 2nd, but it was actuallyadopted on July 4th, which is
what we celebrate.
The fireworks that we you knowfireworks did, you know are
(10:17):
actually older than America.
The first fireworks actuallycame to China over 2,000 years
ago and the tradition wasbrought to American colonies to
celebrate special events.
So it was a natural fit forIndependence Day.
And also another fun fact aboutthe 4th of July Americans eat
about 150 million hot dogs onthe 4th.
(10:38):
That's enough to stretch fromWashington DC to Los Angeles
more than get this five times.
Also, the Liberty Bell hasn'trung since 1846.
Instead of ringing it, they tapit gently 13 times every
Independence Day, one for eachof the original colonies.
(10:59):
And only two signers of theDeclaration became presidents
John Adams and Thomas Jefferson.
They both died on the same day,july 4th 1826.
The 50th anniversary of theDeclaration Also, the 4th of
July wasn't a federal holidayuntil 1870, almost a century
(11:24):
after the Declaration, congressmade Independence Day an
official holiday for federalemployees.
And then the biggest fireworksshow in the US is the Macy's
Show in New York City.
It uses over 75,000 fireworksshells and can draw millions of
spectators.
I'm sure you have a lot offavorite 4th of July memories,
(11:45):
whether it's the fireworks, theparades or the backyard
barbecues.
Also, of course, please be safewith the fireworks.
Leave the big fireworks to theprofessionals.
I didn't know this, but about12,000 injuries happen every
Fourth of July because offireworks.
But of course, here locally, ifyou can see the big red balloon
(12:06):
, you can see the localfireworks here in Hendersonville
.
But again, it is just so muchto be thankful for.
It puts things into perspectiveand again, it's a wonderful
time to celebrate life, libertyand, of course, wish you a safe
and happy Fourth of July.
Again, we're so grateful andjust we're.
(12:29):
So Life, you know okay, we talkabout life.
Life happens all the time withreal estate and it can be a
really positive or challengingreason, but life is the driving
force around real estate.
It's not the interest rates,it's not the economy, it's not
the market.
We saw and I actually startedmy career in 2005.
(12:52):
And then, with the the marketum peaking out 2007, 2008, and
then when it crashes in 2011,.
I mean, we've experienceddifferent real estate markets,
but the thing that doesn'tchange is the life I mean.
And so real estate is central.
Real estate and life gotogether, and so these interest
(13:15):
rate rates that we're at, theprices that we're at, people
find a way and people are goingto be buying and selling,
regardless of the economy,regardless of the interest rates
, regardless of the market.
And so that's what.
When we focus on helping ourclients, it's navigating through
life and what that means andhow that might look like.
Maybe you are a client that hasacquired rental properties and
(13:37):
you're managing it and you'reyou know deciding what to do.
Maybe you're over it, maybeyou're done renting and maybe
you're you're you're donemanaging the properties and, of
course, what a uh, incredibleaccomplishment to get to the
point of having rentalproperties and and investment
properties.
But thinking about what's next,and of course, no one wants to
pay capital gain taxes.
(13:58):
Well, there are solutions like1031 exchanges into these
another tax code, which isbeneficial for our clients in a
lot of cases where you can sellproperty and now, with a 1031
exchange, moving it into anotherinvestment property.
But the thing a lot of peopledon't want to deal with is I
don't want to manage anotherproperty where there's
(14:20):
institutional level investmentsthat are real estate and they're
real estate investments thatwe've been able to help our
clients move into where theydon't have to manage it.
It's someone else, it's aprofessional real estate
portfolio management companythat's managing these real
estate investments.
So there are ways to avoidcapital gains and in some cases
(14:41):
you might find this you know,you might think too good to be
true, but you can actually insome cases, you know, when you
sell your property, make moremoney on these new real estate
investments and pay less taxes.
Well, how can you pay lesstaxes?
Well, in a lot of cases, you'rebuying more real estate, which
then allows you to depreciatethe new investment, which then
(15:01):
offsets the new income.
So, in some cases, you can makemore money and pay less taxes,
and these are these conceptswe've been working with with our
financial advisors, our taxconsultants and our estate
attorneys If you're curiousabout your situation again
outside of I mean, of course,we're helping our clients with
their personal homes, the, youknow, the buying and selling of
(15:22):
their personal real estate.
Uh, we can certainly help youwith those and we are every
single day having theseconversations.
In addition to that, we'rehelping our clients navigate
through their real estateinvestments and then be thinking
strategically about what thatlooks like and how they might
want to navigate through, youknow, navigate through, you know
(15:43):
again, the tax strategies.
And again, if you got to a pointwhere you're done with managing
your properties and you need abreak from those things and you
want to focus on and enjoyretirement and I had, I do
continue to have the privilegeof meeting and hearing about
(16:03):
people's stories and and their.
So many of our clients areretired and I love hearing how
they got to that point in intheir life.
Some people have retiredearlier than others, some people
you know.
But the thing that retirementdoes for a lot of people, it
causes, you know, a lot ofreflection and a lot of looking
back on their lives.
And then what am I doing withmy life now?
(16:24):
But I think for a lot of people, retirement can catch people
off guard and you go from thiscareer that you've had, whatever
it might be, into deciding well, what do I want my life to look
like now?
And I was having thisconversation just this week
about, you know, beingpurposeful in your retirement
and having, uh, you know, justcause you're retired doesn't
(16:44):
mean you're not productive andit doesn't mean you don't have a
purpose in it.
And maybe it's yourgrandchildren, maybe it's um, uh
, you know, giving back withyour time, with volunteering,
maybe it's a different uh careerthat you might be passionate
about, but I, I something thatcame up this was so interesting
to me is the power ofrelationships and and they
(17:06):
actually were were saying, uh,you know when they, when they,
um, what I was having thisconversation, looking into what
this looked like, um, and youknow it's, looking into what
this looked like, um, and youknow it's, it's and it's.
You know what they don't tellyou about retirement.
You know adjusting to the newroutine.
You know getting, finding itcan take time to adjust to that
(17:29):
and finding a new sense ofpurpose and structure.
You know without the dailygrind.
And then, of course, you haveyour financial planning and even
with savings, you might need toadjust your budget, but of
course you have your financialplanning and even with savings,
you might need to adjust yourbudget, but of course you got
the unexpected, unexpectedexpenses and that can arise.
And of course, your healthconsiderations, and as you age,
health can become more of afocus impacting your, your
(17:52):
activities in your lifestyle.
And then, finally, your socialconnections maintaining a social
life.
It does require effort andagain you might not have the
same daily interactions as youhad before.
So there is actually this is sointeresting to me longevity and
how it's connected to yoursocial integration.
(18:17):
This is so interesting.
There was a large scale UKstudy, the University of Glasgow
study.
They were researching 458,000participants ages 37 to 73.
This is from 2006 to 2010.
That found that people whonever had family or friends
(18:38):
visit and lived alone were at a77 higher risk of death over 12
years, even after adjusting forhealth, socioeconomic status, et
cetera.
But simply having monthlyvisits from friends or families
was linked to greater longevity.
And so the importance, theimportance of of social
(19:00):
connections and it and it isconnected to your longevity.
And so there was a study thatsaid just they, they ask how
many people, how many newfriends?
So again, how many new friendsyou can make in a year
absolutely impacts your lifespanand so making new friends
(19:23):
typically reflect a largeractive social network, which is
statistically linked to betterhealth and longer life.
And of course, it's just one ofthe multiple factors, uh, than
just the sheer number of friends.
But you know it is important toconsider.
You know, have you made a newfriend?
I know, and it takes courageand it takes getting outside of
(19:43):
your comfort zone and you'relike, where would I meet
somebody?
Maybe you meet somebodyvolunteering, maybe you meet
somebody at, you know, at maybesome activity going on downtown
Hendersonville.
But there is a directcorrelation to longevity in in
making new friends.
And, of course, the older youget, you know, you, we do lose
(20:05):
friends and family, um, you know, over time and uh, and that
that's why you have to replaceand it's not to to be
insensitive, but you know we dolose friends and family.
But that's why it's soimportant to, to important to
find new friends and new familymembers to connect with, not new
family members, new friends toconnect with and it does impact
(20:27):
your mental health, yourphysical health, your
psychological health and I dosee that here locally, the
connectedness in the communitythat we live in, and even the
routines.
If you go to the same coffeeshop and run into the same
people that you see regularlyand having the conversations and
checking in and how are youdoing and what's going on in
(20:50):
life.
Again, life is so much morethan the jobs that we have or
the careers, or the car youdrive or the place you live, and
it's, you know, it's where it'sthe people will remember how
they make you, make someone feel, and again, the relationships,
the connectedness, and itmatters.
And so, if you don't take forgranted the friends that you
(21:12):
have and don't be afraid to makenew friends, it can actually
increase your life by making newfriends and new connections.
And so I'd encourage you to getoutside of your comfort zone
and make a new friend, introduceyourself and say hello, and
(21:34):
it's important.
Also also, we see in real estatethe connection with multiple,
multiple, you know,multi-generational home buying.
There's a psychological benefitto that, but it's also there is
some benefits to you know, yousee, where home buyers share a
(21:56):
home with their parents or adultchildren or extended family,
there was actually an increasein the number of homebuyers
citing it was in addition to thepsychological benefits, the
cost savings as a reason forpurchasing a multi-generational
home Again, whether you'resupporting aging parents, but
(22:20):
there's certainly anaffordability aspect to that too
.
Pooling resources can actuallyhelp make home ownership
possible and it's leveraging theresources together and maybe it
might be challenging for peopleto find a home on their own and
that's why a lot of familiesare teaming up, pulling the
resources together.
(22:41):
You know you're sharing theexpenses of a mortgage, a
utility bill, more you know andeven more.
But multi-generational livingoffers a way to overcome
financial challenges and itmight allow you to get a larger
home than what you could haveafforded on your own.
This is interesting.
Three in ten homebuyers saythey're planning to purchase a
(23:03):
multi-generational home.
Again, just another one of thereasons why people are buying
and selling.
Whether it's your personal home, maybe you're looking at a
multi-generational home.
There's so many things andreasons why you might consider a
multi-generational home.
I mean there's so many thingsand reasons why you might
consider a multi-generationalhome, in addition to the
benefits of the familyconnection and living, and
(23:26):
multi-generational family livingwas actually very common for
generations prior to.
I mean the more independenceyou see people living today.
But you know, as the cost ofliving has gone up, so has the
increase of multi-generationalfamily living.
We've covered a lot of topicstoday, but you can tell, I mean
(23:49):
I'm passionate about connectingwith people, about helping
people in advising andconsulting, and it could be your
primary home, it could be yourinvestment property, it could be
, um, maybe you have commercialreal estate or or land, or
planning ahead with your estateor thinking ahead.
Whatever it might be, we'd loveto have a seat at the table and
(24:11):
have a conversation.
There's no pressure, there's nocost, there's no obligation.
If you want to have aconversation, we can connect you
with our tax advisors, with ourestate attorneys, with our
financial advisors.
We have a team that we worktogether ultimately to help you
with your real estate questionsand, whether it's your, you know
, a second home and we're sograteful Most of our businesses
(24:35):
word of mouth.
We've had the privilege in mycareer 20 years this year
serving the community throughreal estate with my North
Carolina broker's license andwe've had the privilege of
helping over 1500 families andfrom you know, land to homes, to
developments.
I mean we've had a lot ofexperience and we'd love to have
(24:55):
the conversation At the team.
We have over a hundred yearscombined experience.
We're located in Flat Rock andyou can find us online at
realestatebygregcom and we'dlove to have that conversation
with you.
Uh, call us directly828-393-0134,.
828-393-0134.
(25:16):
This time of year, with all thesummer camps going on and
actually I'm so grateful mydaughter's at one of the local
girls' camps and she's sograteful to be there, which is
wonderful.
But the camp industry isbooming.
So many families are cominginto town picking up their kids
from camp or dropping their kidsoff at camp.
Camp is life-changing for kids.
It gets them off theirtechnology and into the uh, into
(25:39):
relationships and intosituations where they can grow
through.
Uh, whether it's tryingsomething new like, um, you know
, archery or climbing tower orswimming or something like that,
that gets kids out of theircomfort zone and again,
opportunity to to expand theirskills and to meet new people.
And again, a camp is sopowerful for our children and so
(26:00):
, again, grateful for mydaughter to be able to go to
camp.
It's also I have three kids andso the opportunity to spend
some one-on-one time with mykids.
I was able.
I had the privilege of taking mymiddle son fishing recently and
we got to go into.
We did some saltwater fishinghad some fun.
We actually we weren't fishingfor this, but sometimes you do
(26:21):
catch stingrays and we caught Iknow it was over 20 pounds, but
I'd venture to say closer to30-pound stingray and that was
an interesting experiencelanding a stingray and getting
the hook out of it.
But it's fun.
My son he sleeps, drinks,dreams about fishing.
I mean, I was grateful to havesome time with my son going
(26:43):
fishing and you know, I thinkfishing is a great and it was so
interesting.
While I'm on the conversation,he's so kind, my 14-year-old but
there was an older fellow thatwas so kind to my son and myself
who knew a lot about fishingand we learned some new things
and and that was a funexperience.
And then there was anopportunity where my son ended
(27:06):
up, you know, helping somebodyyounger than him, uh, teach him
some things.
Again, the fishing uh is agreat.
Some great life lessons withfishing patience, persistence.
You don't know what you'regoing to get.
Some days you get more thanothers.
But again, I'm very gratefulfor that one-on-one time I was
able to spend with my14-year-old son fishing and we
(27:27):
love it and hopefully we'll dosome more here soon and
fishing's great year-round, butthe opportunity to do some
saltwater fishing was a lot offun and, again, just a lot to be
thankful for.
So the 4th of July tomorrow, Ihope you have a wonderful 4th of
July, a lot to be grateful forand thankful for.
And, of course, if we can helpyou with any of your real estate
(27:49):
needs, give us a call.
828-393-0134, 828-393-0134.
We will be here tomorrowmorning at 845 for our Hometown
Hero series.
Hometown Hero series and thisweek is East Henderson High
School's rising senior, rayaMcDonald, who's been named the
(28:11):
Apple Ambassador for the 2025North Carolina Apple Festival.
Raya, along with Apple FestivalPresident Josh English, is
going to be here tomorrowmorning at 845, and we're going
to hear more about their story.
And again, it's a competitionactually where young people can
apply for the Apple Ambassador.
(28:31):
And Raya McDonald is going tobe here tomorrow morning as our
Georgia Real Estate GroupHometown Hero and Apple Festival
Ambassador tomorrow morning at845.
And, of course, we love theinterviews with amazing men and
women that are making adifference in our community, our
unsung heroes, and if you knowsomebody you'd like to nominate,
certainly reach out to WHKP forour Hometown Hero series.
(28:52):
We love doing that every Fridaymorning at 845.
But we're so grateful to behere with you.
Thank you so much for tuning in.
I hope you have a wonderful 4thof July tomorrow.
We will be here on the radiolive 845 tomorrow morning for
our Hometown Hero series and, ofcourse, check out our website,
real Estate by Greg.
You can see all of our newlistings.
(29:12):
We have incredible listings forsale.
But have a wonderful day, havea wonderful rest of your week
and we'll see you tomorrowmorning Thinking about estate
planning for your real estate.
Without a smart approach, theproperty you leave behind could
become an unwelcome burden foryour kids.
(29:33):
Many children simply don't wantto co-manage an inherited house
or deal with the tenants.
Fortunately, you can preventthat with the right plan.
The George Real Estate Groupspecializes in tax-efficient
strategies like 1031 exchangesand Delaware Statutory Trust to
simplify inheritance and incomeplanning.
A 1031 exchange can defer yourcapital gain taxes now and help
(29:57):
your kids avoid a big tax billlater.
And a DST lets you continueearning rental income without
landlord headache.
Plus, it can be split amongyour children, making
inheritance easier.
Planning ahead is one of thekindest gifts you can give your
family.
Let us help you secure yourlegacy.
Call the George Real EstateGroup at 828-393-0134 today.
(30:19):
You've worked hard to buildyour legacy.
Now let us help you protect itfor your loved ones.
Speaker 2 (30:25):
Thank you for
listening to the George Real
Estate Group podcast.
Tune in next time for moreindustry news updates and real
estate tips.
You can reach Greg, the GeorgeReal Estate Group, at
828-393-0134 or atrealestatebygregcom.