Dr. Jess sits down with her sisters, Ashley [first-time home buyer] and Krissy [award winning realtor, Kristen Sessions] to detail their first-time home buying experiences. In part 2 of this episode, we discuss the realtor relationship, comps, contracts, negotiating with difficult sellers, and all the little costs that REALLY ADD UP [don't get caught slippin y'all!]. Helpful resources detailed in this episode and part I are listed below!
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Helpful Links:
https://www.annualcreditreport.com/index.action
https://www.nerdwallet.com/article/mortgages/tips-for-first-time-home-buyers
https://www.nerdwallet.com/blog/mortgages/first-time-home-buyer-programs-by-state/
Home Buying: Learn everything you need to know about buying a home.
- https://www.rocketmortgage.com/learn/home-buying
Earnest money: Earnest money is put down before closing on a house to show you’re serious about purchasing. It’s also known as a good faith deposit.
- https://www.rocketmortgage.com/learn/earnest-money
Closing cost: expenses you pay to your lender in exchange for loan services.
Closing Costs: What Are They And How Much? | Rocket Mortgage
Down payment: a large initial payment that you make when you buy a home. It’s usually a percentage of the purchase price and ranges from as little as 3% to as much as 20% for a primary residence.