The biggest purchase you’ll ever make is buying a home, so it makes sense that you do some research and homework before diving in. In part two of our home-buying series, we break down for you what happens at appraisal, inspection, red flags to look out for, and little known secrets to saving money on your house buying cost.
In this episode:
What’s included in the offer? [1:30]
Nuances of conditions in the offer [4:30]
What about cash offers? [12:30]
What to ask your real estate agent [14:00]
Earnest money and what that means for you [15:30]
Getting to close [18:00]
What to know about appraisals [19:00]
Hidden costs you need to think about [22:00]
A side note on foreclosure sales [23:00]
What appraisals are based on [28:00]
Your loan amount is based on your appraisal [31:00]
Inspection advice [34:00]
Requirements for an FHA loan [39:30]
How to understand your mortgage payment costs [47:30]
Interest and how to work it to your advantage [49:00]
Why your credit will go down when you buy a home [50:30]
Games you can play with credit [51:30]
The last secret piece that will save you a ton in the long run [54:00]
If you prefer to follow along on YouTube, watch here: