Podcast - 12/29/23

🎙️ Curious about the latest in real estate? Join us in our newest podcast episode as we dive into some exciting topics! 🏡💰

Here's a sneak peek of what we discuss:
- Current interest rates and how they compare to just a few months ago 📈💲
- Our big move to LPT Realty and what it means for our clients 🏢🤝
- Benefits for both sellers and buyers 🏠🤩

Don't miss out on these valuable insights! Tune in today.

Plus, explore our amazing "House of the Week" 🏡 - a 5.45-acre property in Westminster with a fenced pasture, barn, and more. It's freshly painted and boasts brand new carpet and ceramic tile. Perfect for entertaining with an in-ground pool! 🌳🐴 #RealEstate #InterestRates #NewBeginnings

Tom Whalen:

I'm Tom.

Jay Day:

I'm Jay.

Tom Whalen:

of Jay Day and the Day Home Team at LPT Realty with our weekly real estate podcast. Coming up on the end of the year, the beginning of another calendar year. What's up Jay?

Jay Day:

I know. So the biggest news I guess we would talk about would be, and I want to make sure everybody understands, is our big change, as you said with the start of this podcast at LPT Realty.

Tom Whalen:

A huge change.

Jay Day:

Oh yeah. I'm sure it's going to be a struggle, and I don't mean this in a rude way, but it'll probably be a struggle for you of how many years of saying.

Tom Whalen:

Look, I'm already on it, man. I mean, we've been through this change before. We have done this change before. I'm already all over it, man.

Jay Day:

Yeah. So for those of you listening, we did not move our office location. We are still over at Aviation Way. We just changed the brokerage that we are affiliated with and it's exciting news. This company is based out of Florida. As of January 1st, we'll actually be in 20 states. Our team was fortunate enough to be the team to launch the brokerage in Maryland and West Virginia. They did have some agents in Virginia already, and they opened maybe about a week before we made the announcement about going into Pennsylvania. But it's very exciting news. It took us, so Christina and I spent a lot of time evaluating options that were out there, and this one was a win for our agents and a win for our clients. So for our clients, we're actually getting additional marketing pieces that we had not done in the past, if you can believe that with all the marketing things we did, and we just like the direction the company is going. We've got some really good friends that also made a big jump. One of our friends in Florida had a RE/MAX franchise and gave that up to make the move. One of her other friends in Charleston, South Carolina, he actually had his own brokerage and shut his own brokerage down to become part of LPT. So a lot of good stuff. One of the other interesting things on the agent front is it offers great opportunities for agents.

Tom Whalen:

What do you mean by we're in 20 states?

Jay Day:

So not me personally or our team, but LPT. Because a lot of people, it's interesting, they're like, I haven't heard of LPT. Of course you haven't. If you're only here because we're the ones that started it in Maryland and West Virginia. However, as of January 1, LPT Realty will be active and have agents in 20 states, and they're actually the fastest growing real estate company in the United States ever with how quickly they're growing with agent count.

Tom Whalen:

So it just gives you guys flexibility and options if somebody wants to move to any of these 20 states.

Jay Day:

Yeah and the funny thing is we've got a lot of friends that are in the process of making some of these changes and on our announcement we had last week, we also put out there that it gives people an opportunity if they're looking to join the team, if they're not looking to join the team. We actually are able to offer opportunities for agents to just be solo agents as well. Not be part of Jay Day and the Day Home Team, but to be part of LPT Realty here in Maryland, West Virginia, Pennsylvania, and Virginia. So like I said, that's pretty exciting news. Christina and I were very pumped. We actually had a lot of work done at the office where lots of new signage, lots of new things happening.

Tom Whalen:

I want the first new hoodie.

Jay Day:

You want the first new hoodie?

Tom Whalen:

LPT Realty baby. Yeah, my Jay Day hoodie. Yes.

Jay Day:

Alright, we'll get you hooked up then.

Tom Whalen:

Oh yeah, it means all new gear.

Jay Day:

Yeah. So other thing I wanted to talk about and sort of two part approach is it's busy and people were saying, oh, it may not be a good time to sell, the holidays. Tom, I will tell you, we had multiple, so Brian on the team was writing offers on Christmas Eve. Cheryl on the team got a listing under contract that wasn't even, it was temporarily off for the holidays and someone that saw it wrote on it got that under contract. Christina and Brian got another one under contract, actually had the last signatures done on Christmas Day. So during the holidays, still getting it done.

Tom Whalen:

Yeah, well that's been the history ever since I've known you bud.

Jay Day:

Yeah. So for those that are out there and think houses don't sell on the holidays, or maybe you think agents don't work, I can't vouch for everybody, but I can tell you our team, it was out there hustling for our clients and getting things done. Christmas Eve, Christmas Day. The reality is when people want to do something, we've got to be there to help them. Now part of what I think had an impact on that is the rates have been much better than they were earlier in the year. And this was give you a little bit of an idea right after Christmas, we were looking at a 30 year conventional loan with no points was down to 6.375. If people wanted to pay a point, they could be 5.99. And then if people were doing FHA or VA, there's 6.125 with no points or 5.75 with half a point. So we haven't seen interest rates that had a five in them in a long time.

Tom Whalen:

I didn't know if that was going to happen. I didn't think that was going to happen that soon, bud.

Jay Day:

Yeah, I figured as we got closer to the election it would probably happen, but I didn't expect it to happen this quarter. But it's definitely made people realize, hey, we might want to jump on here. We don't know how long we're going to have the rates at this, and it's so much better than when we had rates hitting 8%. That's a big, big difference. So again, the good news for those that are listening, nothing changes with us. Just the brokerage, we're able to offer more services to our clients. We're still here in Frederick. We're still serving all four areas. It's just we're excited to help expand the LPT Realty name into our region. So you ready for a house of the week?

Tom Whalen:

Let's do it.

Jay Day:

So this could be a house of the week, a farmette of the week, whatever we want to call it. 2257 East Mayberry Road in Westminster. Be an offer for 650,000. This property includes 5.45 acres. There's fenced pasture for your horses or animals. There's a barn. They have Nelson automatic waterers. For the house perspective, it's four bedrooms, two full bathrooms, two half bathrooms. The home was recently painted. Brand new carpet throughout. New ceramic tile in the kitchen. They had the hardwood floors sanded and refinished after they moved out. There's a huge family room with the fireplace. It has a wood stove insert. Granite countertops, newer kitchen appliances. There's a pellet stove in the basement, dual zone HVAC system, bright and airy sunroom. The basement is finished and it walks out to an in-ground pool. You can talk, I mean this time of year we're not using the inground pool, but it is such a pleasure of be able to walk outside and relax. And then the property just offers plenty of room for entertaining. So if you've wanted to have a little bit of a farmette, or the folks that had it before they raised their own steer, they didn't want to have to go to the grocery store to buy their meat. So great opportunity. Check out wfre.com. Look up Tom and Jay's Real Estate podcast and if you like what you see, click on the button, you can schedule a private tour.

Tom Whalen:

I'm Tom.

Jay Day:

I'm Jay.

Tom Whalen:

Jay Day and the Day Home Team of LPT Realty, celebrating the new year. Happy New Year, from everybody at WFRE and Jay Day and the Day Home Team.

Jay Day:

Happy New Year everybody. 

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