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Episode #14 - What You Need to know about Buying a House
Personal Finance from the Hill-Top
English - March 16, 2021 12:00 - 2 hours - 186 MB - ★★★★★ - 12 ratingsSelf-Improvement Education Business Investing Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
“Never buy a house to just buy a house.” - Tony Long of Long Real Estate Team
In episode 14, we're talking about the American Dream… Buying a House, with Rockstar Realtor, Tony Long of Long Real Estate Team.
Tony Long sits down with Kyle to discuss what you need to know when you’re thinking about buying a house. He gives you a peek behind the curtain to share the things to look for and the questions to ask your perspective realtor. Tony also discusses the State of the Market, and how we got here. Before they got started, they had to do some catching up talking about babies, crossfit, and wrestling… and not that fake crap! Actually they did talk abou that too. Who were their favorite WWF wrestlers, and what are these guys walking out to? This is the longest show yet, but they’re hangin’ tough.
Tune in!
“It is a very bad idea (to waive inspections).” Tony Long of Long Real Estate Team
To skip the fluff, go to the 51:25 mark. However, it's not advised!
Benefits of owning a Home:
Build up EquityHedge against InflationTax Free GainRecommendations prior to buying a home:
Have a fully funded emergency fundDown payment of minimum 10% (don’t include emergency fund)Consumer debt paid offFirst Steps to buying a house (either order):
Get preapproved for a mortgageMeet with a realtor to know the processContract on a House Contingent on:
InspectionsAppraisalFinancingAfter the Inspection buyer can:
Accept as isRenegotiate the contractCancel the ContractTop Costly Things to be Aware of When Looking at a House to Buy:
Taxes InsuranceFoundationDrainage - Probably the number one thing that gets overlookedWindowsRoof HVACLocation
How to find a realtor:
Interview multiple realtors - you’re going to be spending a lot of time with themAsk friends that have bought recently - who did they use and what questions should they have asked?Look at their websiteLook at their social mediaAsk Family and Friends
Resources:
Britney Spears “...Baby One More Time” (Album),
“Never buy a house to just buy a house.” - Tony Long of Long Real Estate Team
In episode 14, we're talking about the American Dream… Buying a House, with Rockstar Realtor, Tony Long of Long Real Estate Team.
Tony Long sits down with Kyle to discuss what you need to know when you’re thinking about buying a house. He gives you a peek behind the curtain to share the things to look for and the questions to ask your perspective realtor. Tony also discusses the State of the Market, and how we got here. Before they got started, they had to do some catching up talking about babies, crossfit, and wrestling… and not that fake crap! Actually they did talk abou that too. Who were their favorite WWF wrestlers, and what are these guys walking out to? This is the longest show yet, but they’re hangin’ tough.
Tune in!
“It is a very bad idea (to waive inspections).” Tony Long of Long Real Estate Team
To skip the fluff, go to the 51:25 mark. However, it's not advised!
Benefits of owning a Home:
Build up EquityHedge against InflationTax Free GainRecommendations prior to buying a home:
Have a fully funded emergency fundDown payment of minimum 10% (don’t include emergency fund)Consumer debt paid offFirst Steps to buying a house (either order):
Get preapproved for a mortgageMeet with a realtor to know the processContract on a House Contingent on:
InspectionsAppraisalFinancingAfter the Inspection buyer can:
Accept as isRenegotiate the contractCancel the ContractTop Costly Things to be Aware of When Looking at a House to Buy:
Taxes InsuranceFoundationDrainage - Probably the number one thing that gets overlookedWindowsRoof HVACLocation
How to find a realtor:
Interview multiple realtors - you’re going to be spending a lot of time with themAsk friends that have bought recently - who did they use and what questions should they have asked?Look at their websiteLook at their social mediaAsk Family and Friends
Resources:
Britney Spears “...Baby One More Time” (Album),
Taylor Swift “Reputation” (Album),
Colonial House Style (Five, Four and a Door),
Greek Revival,
Stone Cold Steve Austin (Entrance Song)
Shawn Michaels “The Heartbreak Kid” (Entrance Song)
The Ultimate Warrior (Entrance Song)
Beyond the Ring (Let me know if you can find it)
Tony’s Walk Up Songs: Jimi Hendrix - “Voodoo Child” & New Kids on The Block - “Hangin’ Tough”
Kyle Walk Up Song: The Ultimate Warrior Entrance Music
Earnest Money = Skin in the Game,
Kansas City Regional Association of Realtors
Tony Long, Principal Agent - Long Real Estate Team
Kyle Hill, CFP® - Hill-Top Financial Planning, LLC
KCFAN (Kansas City Financial Advisors Network),
*This podcast uses sounds from freesound: Dry Transition by Electroviolence , Metal Door Slam Shut by ecfike, and Scream by ngrib