The Real Estate Show

Radio Show Notes 03/26/24 Tuesday:

Read a summary of the show below or

Listen Here

Watch Live Facebook Video Here

"Your Roadmap to Real Estate Success: 7 Proven Steps to Secure Your Ideal Home!"

By Eric Willner, Host of The Real Estate Show, America’s longest running daily radio show about real estate.

Welcome to the Real Estate Show! I’m Eric Willner, the Voice of Real Estate and the founder of America’s longest-running daily radio show about real estate. Today, we’re diving into the “Tuesday Tools, Tips, and Techniques” edition, where we'll discuss why buying the right property the right way is crucial for success in real estate. Remember to tune in every day to The Real Estate Show, as each episode is like a mini seminar on how to succeed at the real estate game.

In today's highlighted tools and techniques, let's break down the 7 practical steps needed to buy the right property the right way.

But first let's ask three critical questions related to today's theme:

• Did you know that homeownership offers significant financial benefits on TOP of a stable and comfortable place to live, including potential tax deductions and long-term equity growth?
• Did you know that poor credit scores can hinder your ability to secure a mortgage, making it crucial to maintain good credit habits?
• Did you know that you can BUILD YOUR Credit while in your home, not BEFORE?
• Did you know that high levels of debt can increase your risk of financial instability and impact your ability to qualify for a mortgage? Not here! Here we can show you how to turn bad debt into good debt, nd use good debt to build wealth and security!

These "Did You Know?" questions shed light on the importance of informed decision-making and strategic planning when it comes to real estate investment.

Before we dive deeper, here’s a quick reminder of this week's special FREE workshops:

1. Tuesday 8pm: Path To Home Ownership Introduction – Online by Invitation (Text "Path" to RSVP)
2. Wednesday 8:30pm: Financial Edge University Overview – Online by Invitation (Text "Edge" to RSVP)

Now, In today's highlighted tools and techniques, let's break down the practical steps needed to buy the right property the right way:

1.    Define Your Needs & Wants: Begin by clearly outlining your must-haves and nice-to-haves in a new home. This clarity will guide your search and ensure you find a property that meets your criteria.

Step 1: Define Your Needs & Wants:

• Number of bedrooms and bathrooms required
• Desired location or neighborhood
• Specific features such as a yard, garage, or outdoor space
• Proximity to schools, parks, or amenities

2.    Get Your Finances in Order: Knowing your budget is essential. Consult with a lender to get pre-approved for a mortgage, giving you a competitive advantage in the market.

Step 2: Get Your Finances in Order:

• Calculate your budget, including down payment and monthly mortgage payments
• Consult with a lender to get pre-approved for a mortgage
• Assess your credit score and take steps to improve it if necessary
• Consider additional costs such as property taxes, insurance, and closing fees

3.    Explore the Market: Research different neighborhoods to understand pricing, amenities, and overall atmosphere. Consider factors like commute times and proximity to schools or parks.

Step 3: Explore the Market:

• Research different neighborhoods to understand pricing trends and market conditions
• Visit open houses and virtual tours to get a feel for different properties
• Consider factors like commute times, school districts, and local amenities
• Keep an eye on listings and market updates to stay informed about new opportunities

4.    Find a Real Estate Agent (Optional): While not mandatory, a good agent can provide invaluable insights and assistance throughout the buying process.

Step 4: Find a Real Estate Agent (Optional):

• Seek recommendations from friends, family, or trusted professionals
• Interview multiple agents to find someone who understands your needs and goals
• Look for an agent with experience in your desired area and property type
• Discuss communication preferences and expectations upfront to ensure a smooth partnership

5.    Start Your Search: Utilize online tools and attend open houses to explore potential properties. Don't hesitate to schedule private viewings for homes that catch your eye.

Step 5: Start Your Search:

• Utilize online platforms and apps to search for properties that meet your criteria
• Attend open houses and schedule private viewings for homes of interest
• Take notes and photos during viewings to compare properties later
• Consider hiring a home inspector to assess the condition of potential properties

6.    Make an Offer: When you find the perfect home, work with your agent to craft a competitive offer. Consider market conditions and any necessary repairs when negotiating.

Step 6: Make an Offer:

• Work with your real estate agent to craft a competitive offer based on market analysis.
• Consider factors such as the property's condition, location, and recent sales in the area.
• Negotiate terms and contingencies to protect your interests and ensure a smooth transaction.
• Be prepared to provide earnest money and documentation to support your offer.

7.    Close the Deal: After your offer is accepted, inspections and appraisals will occur. Secure homeowner's insurance and finalize loan paperwork to complete the process.

Step 7: Close the Deal:

• Finalize your mortgage financing and secure homeowner's insurance.
• Complete a final walkthrough of the property to ensure everything is in order.
• Attend the closing meeting to sign paperwork and transfer ownership.
• Celebrate your new home and begin planning for your move!

Summary: Defining your needs and wants, getting your finances in order, exploring the market, finding a reliable real estate agent, starting your search, making a competitive offer, and closing the deal are crucial steps in buying the right property the right way. By following these steps and staying informed about market trends, you can navigate the real estate process with confidence and find the perfect home for your needs and budget.

To wrap up this episode, today's show highlighted the importance of buying the right property the right way and overcoming common roadblocks in real estate investment. Join us tomorrow for our Wednesday Midweek Mortgage and Market Report to stay updated on the latest trends in the real estate world. Thank you for listening and remember to use our show as a guide to get started in real estate investing. Don't forget to attend our free online workshops.

Also, you can listen to the entire 30 minute broadcast of any day’s edition of The Real Estate Show by clicking on the audio link on that days summary post. You can also watch the Facebook Live video at www.facebook.com/TheRealEstateShow.

Want to know more? If you are serious about real estate and paying off debt, then find out more on today and every day’s episodes and learn more about Real Estate Investing and learn HOW TO by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 9 o’clock (EST) on Florida’s Money Talk Radio stations WWNN AM1470, FM 95.3 and FM 96.9. You can also hear us on the free apps: iHeart Radio and TuneIn. Recorded Rebroadcasts are available 24/7 on Facebook. Please share this and our Facebook updates.

Eric Willner is the Host and Founder of The Real Estate Show, an informative show about how to buy, own, and improve real estate the right way, on autopilot. - The Automatic Landlord way. (AutomaticLandlord.com) You can reach Eric Willner at Eric@Ericwillner.com or 888-595-7779.

Also listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow 

Eric Willner is the Host and Founder of The Real Estate Show, an informative show about how to buy, own, and improve real estate the right way, on autopilot. - The Automatic Landlord way. (AutomaticLandlord.com) You can reach Eric Willner at Eric@Ericwillner.com or 888-595-7779.

#TheRealEstateShow, #The.Real.Estate.Show, #EricWillner, #AutomaticLandlord, #Saving vs Investing, #ThirdHome, #BestRealEstate, #WSBR, #AM740, #FM 96.9, FM 103.9, #WWNN, #AM1470, #MoneyTalkRadio, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #propertymanagement, #rent, #Saving, #Investing, #Debt Solutions, # So You Can Retire Debt-free, #RetireDebtFree, #VA Loan, #AutomaticDebtSolution