Bad Deals Only Ep. 13 | A Truck Gets Storrowed, $54K Deposits Vanish & the Condo Dumpster Fire

Bad Deals Only Ep. 13 | A Truck Gets Storrowed, $54K Deposits Vanish & the Condo Dumpster Fire

A truck gets Storrowed live on Storrow Drive, a car goes up in flames on the Zakim, buyers walk away from $50K deposits, and the Massachusetts condo market gets called a hot dumpster fire. No producer, no filter. Seth Williams and real estate attorney Nick Nardone go it alone this week (RIP Producer Nick) for a very Boston episode of moving-day carnage, dead deals, and Reddit's worst landlord horror stories, with a real Massachusetts inventory update in the middle of it all. In this episode: * A moving truck gets Storrowed in real time, plus a car fully engulfed on the Zakim bridge * Massachusetts single-family inventory update and why the condo market is a hot dumpster fire * Friday price drops are putting buyers under agreement fast * How commission-rule changes broke rental representation, and why rents still aren't dropping * The watermarked 6(d) certificate that blew up a closing, and the Uber Courier document hack * Buyers torching $50K to $54K deposits by walking at the closing table * Reddit bad deals: a phantom in-ground pool, an HOA vs. a court order, and dues spent on board members' lawns * Overrated or underrated: July 4th weekend, lakes vs. ocean, snakes, and men's skincare * The 3A multifamily overlay fight and what "paper compliance" really means Chapters: 00:00 Cold open - RIP Producer Nick (now powered by Claude) 01:27 Scouting the competition with agent sale-to-list data 03:37 Seth's annual Bank of America pilgrimage 05:56 A moving truck gets Storrowed on Storrow Drive 10:54 A car engulfed in flames on the Zakim bridge 15:20 Friday price drops put four buyers under agreement 16:54 Massachusetts single-family inventory update 18:31 Why the condo market is a hot dumpster fire 19:48 The rent-control ballot measure gets denied 20:59 Why rents aren't dropping and the mom-and-pop squeeze 23:32 How commission-rule changes broke rental representation 30:53 The watermarked 6(d) that blew up a closing 33:37 Uber Courier: the document-delivery power move 36:41 Reddit bad deal: tenants "installed" an in-ground pool 39:15 Does an HOA trump a court order? 40:59 Are condo rules and regs actually enforceable? 45:37 Live fire: a buyer submarines his own condo deal 51:00 Walking away from $50K to $54K deposits 57:58 HOA spends 90% of dues on board members' lawns 58:31 Overrated or underrated: July 4th weekend 61:36 Lakes vs. ocean and a 53-foot tide 66:56 Snake stories: Snake Bay, pythons in the walls, Costa Rica 73:48 The 3A multifamily overlay and "paper compliance" 80:22 Thigh tans, no sunscreen, and men's skincare 82:53 July 4th boat-day provisions and the meat market Hosts: Seth Williams of Reference Real Estate and real estate attorney Nick Nardone. Buying, selling, or investing around Greater Boston? Reach Seth and the Reference Real Estate team at sellinboston.com [https://www.sellinboston.com]. Bad Deals Only is a comedy podcast for entertainment purposes only. Nothing in this episode is legal, financial, tax, or real estate advice. Consult a licensed professional before making any real estate or financial decision.

Bad Deals Only Ep. 12 | Boston's Brutal Summer Real Estate Market & Selling Your Own House

The Boston summer real estate market is cooling off, and the deals that are still happening are brutal. In Episode 12 of Bad Deals Only, Seth Williams and Nick Nardone break down why every transaction feels like a fight right now, why everyone (buyers, sellers, agents, and honestly Seth too) is being so difficult this time of year, and what a summer slowdown really means if you are trying to buy or sell in and around Boston. Seth also gets into the chaos of buying AND selling his own personal home while running deals for everyone else, and the guys close it out with a Father's Day edition of Overrated vs. Underrated (is Cape Cod actually overrated? you decide). What we get into: * Why the Boston summer market is slowing and what it means for buyers and sellers * The hard fought, brutal deals happening right now * Why everyone feels so difficult this time of year * Seth buying and selling his own house at the same time * Overrated vs. Underrated: Cape Cod, Father's Day, and more Bad Deals Only is the no filter real estate podcast from Reference Real Estate. Real agents, real deals, real chaos, in and around Boston. Watch the full episode on YouTube, and find more at sellinboston.com.

Bad Deals Only Ep. 11 | Escalation Clauses & the Trust That Blew Up a Closing

Two real estate vets, zero filter. Seth Williams and real estate attorney Nick Nardone break down how deals actually get done — and undone — in today's market. Seller financing, no-cap escalation clauses, escrow holdbacks, and the trust that nearly blew up a closing. Real tactics, real bad deals, and a lot of laughs along the way. In this episode: * How a business coach's dare turned into a one-phone-call property sale * The creative-financing playbook Seth used to buy a Winthrop three-family with almost nothing down — then refinance his way into a $1.25M asset * Real estate team economics: why chasing splits is a trap, and how to track where your deals actually come from * "Every deal is a dumpster fire" — the walkthrough issues plaguing closings and the listing-agent moves that prevent them * Escrow holdbacks: how holding back proceeds gets a stalling seller moving * The Escalation Clause Masterclass — when a no-cap escalation wins, and the "will you be pissed?" test for finding a buyer's true number * Pricing strategy: why you sometimes let the market punch an overpriced listing in the face * The "relay race" of a deal — communication and extension etiquette that keep closings on track * The bad deal: a trust with no successor trustee, a mystery title issue, and how to enforce a contract instead of walking away * A lender PSA: why "volcano insurance" is the reason you don't run a condo through Rocket Mortgage * Full circle — selling a home Seth repped 10 years ago (and hasn't set foot in since 2017) Chapters: * 00:00 — A coach dares Seth to grow, so he sells a property on one phone call * 01:52 — Creative financing 101: buying a Winthrop three-family with seller financing * 10:00 — Team splits, leads & why "chasing splits" backfires * 17:00 — Memorial Day weekend, stroller purges & a Beacon Hill condo-conversion run * 20:56 — The Newport "Nardo Museum" & an underperforming Florida house * 33:13 — "Every deal is a dumpster fire": walkthroughs & listing-agent must-dos * 34:00 — Escrow holdbacks that actually motivate sellers * 35:46 — Escalation Clause Masterclass: the no-cap strategy * 41:24 — Pricing strategy: let the market do the talking * 44:10 — The deal "relay race": communication & extensions * 49:28 — The bad deal: a broken trust, a title issue & enforcing the contract * 59:56 — Rocket Mortgage vs. a condo: the "volcano insurance" saga * 64:06 — Full circle: selling a home he repped a decade ago * 73:40 — Underrated/Overrated: Memorial Day, grad parties & dance recitals Bad Deals Only is the real estate podcast that tells you what really happens behind the closing table — hosted by Seth Williams of Reference Real Estate with real estate attorney Nick Nardone. If it helped (or just made you laugh), follow the show and send it to an agent who needs to hear it. Reference Real Estate — Winthrop & Greater Boston | sellinboston.com [https://www.sellinboston.com] Follow Bad Deals Only on Spotify, Apple Podcasts, and everywhere you listen. Bad Deals Only is for entertainment and general information only and is not legal, tax, or financial advice. Talk to a licensed professional before making real estate decisions.

Bad Deals Only Ep. 10 | Hole-in-the-Floor FHA & Puppies at the Closing

An AI assistant that drained its own budget, a hole-in-the-floor FHA deal, and a litter of puppies born on a seller's porch the morning of closing. Seth Williams and real estate attorney Nick Nardone get into the deals that go sideways, the brokers who pass the buck, and why the agent who solves the $300 problem is the one who gets the next call. In this episode: * How Seth's AI build went off the rails: team accounts drifting apart, runaway token spend, and an assistant that forgot it ever built the show notes * Why buyers and sellers now expect AI-grade prep from their agent, and how that is thinning the herd * The $300 bulkhead standoff: two brokers and two attorneys arguing over weather stripping, and the "be the source" rule that keeps clients calling you back * A dilapidated two-family, an FHA offer that should never have qualified, and the hold harmless agreement that kept the deal alive * Appraisal shortfalls: how a rebuttal actually works, and the need-to-know way to brief a client so you solve the problem instead of just stressing them out * The bad deal: a cashier's check that burned up in a car fire on the highway, plus how you recover a lost bank check * Puppies at the closing table: a German shepherd litter on the front porch, a missing seller, and a junk-removal holdback that turned into a credit * The 9,000 square foot move that ran three days late, and the listing-agent habits that prevent it * Underrated or overrated: ADUs in Winthrop vs Revere, Memorial Day weekend, Mother's Day, and title insurance Chapters: * 00:00 : The AI experiment that spent its own money (and forgot the show notes) * 09:30 : A Monday from hell: sideways deals, a flat tire, and a near-death MacBook * 12:00 : Why agents who skip AI are starting to fall behind * 16:00 : The $300 bulkhead fight and the "be the source" rule * 20:00 : The hole-in-the-floor FHA deal and the hold harmless fix * 28:00 : Appraisal shortfalls, rebuttals, and need-to-know client updates * 29:30 : When a small brokerage goes quiet on an escrow refund * 35:00 : The bad deal: a cashier's check that went up in flames * 38:00 : Puppies on the porch: a Marshfield closing in chaos * 41:00 : The 9,000 square foot move that ran three days late * 44:00 : Listing-agent habits that keep closings on track * 47:30 : Underrated or overrated: ADUs, Memorial Day, Mother's Day, and title insurance Bad Deals Only is the real estate podcast that tells you what really happens behind the closing table, hosted by Seth Williams of Reference Real Estate in Winthrop and Greater Boston, with real estate attorney Nick Nardone, partner at Touchstone Closing & Escrow. If it helped, or just made you laugh, follow the show and send it to an agent who needs to hear it. Reference Real Estate, Winthrop & Greater Boston | sellinboston.com [https://www.sellinboston.com] Nick Nardone, Touchstone Closing & Escrow | touchstoneclosing.com [https://touchstoneclosing.com] Follow Bad Deals Only on Spotify, Apple Podcasts, and everywhere you listen. Bad Deals Only is for entertainment and general information only and is not legal, tax, or financial advice. Talk to a licensed professional before making real estate decisions.

Bad Deals Only Ep. 9 | The Spring Market Is Breaking Our Brains

Spring offer season is here and it is melting everyone's brains. Nick and Seth open on the whiplash of happy new-client calls and festering problem calls, then dig into a condo market drowning in inventory, a starter-buyer pool that is frozen in place, and the real math of renting versus owning. Plus a run of genuinely unhinged bad-deal stories. In this episode: * Condo inventory exploding while two-beds get passed over for three-beds at the same price * Rent versus own, run live: a $420k East Boston condo against $2,700 rent * The buyer pie chart for a $750k Winthrop single family * Why the entry-level buyer is now closer to 40 than 27, and why so many sit stuck in lease-renewal limbo * Listing edge: golden-hour photos, fewer clickbait images, and lockbox versus accompanied showings * Bad deals: the agent who ghosts at closing, the agent who sold the wrong house, and a divorce that triggered a refi rescission * An ex-wife's attorney dropping a lien on the property at the closing table * Marry the house and date the rate, plus Nick's Aqua Bounty stock run and a safe full of "$18 million" in nickels Hosted by Seth Williams (Reference Real Estate) and Nick Nardone (real estate attorney). More at sellinboston.com [https://www.sellinboston.com]. For entertainment only. Nothing here is legal, financial, or real estate advice.