Season 2 E203 - STEP TWO - Find Your Guides

David is onto step TWO in his series that shows you how to buy a home. If you’re worried about being able to afford a home in this market, well, don’t be. With the right team behind you, this process can be made leaps and bounds easier and can make your goal of buying a home all the more attainable. Surrounding yourselves with experts is the key. 

Here are some power takeaways from today’s conversation:

• Why getting pre-approved isn’t even the second step
• Make sure you get helped, not captured
• Not all lenders and realtors are the same
• Do what makes you feel comfortable

Episode Highlights:

[01:15] Pick Your Unicorn Success Team

Okay, so you’ve decided that you’re ready to buy a home and you’re ready to hear the next steps. Great! The next - and second most important - step is picking your team to help guide you to your goal. And yes, this guy didn’t say “Get pre-approved!” Having a team in place can happen before you get pre-approved and should happen beforehand. The earlier you get them into the process the better because they can help you set yourself up for approval. Maybe you’re in a sticky situation. Perhaps you need some help navigating student loans. Whatever it is you need, having a team can help you overcome those challenges and get on the right track ASAP. BUT, you need to be on guard against the “turn ‘em and burn ‘em” part of real estate and, oh boy, does it exist. Make sure you are getting a lender and realtor who want to help you and not just capture a sale. 

[18:30] Finding the Right Realtor

Most realtors are not trained on how to work with first-time home buyers, so the experienced folks usually end up sending you over to the newbies. So, you’re their guinea pigs! Yay! Not really. When you’re passed off like this, it means that you’re less likely to get the screaming deal you were hoping for because you’re working with a realtor who doesn’t know their stuff. Oh, and another little dirty secret? Realtors only get paid at the end - the sale. So, they’re less likely to give you that call back when you ask for help because it doesn’t make them money. Yeah, I know. It’s twisted, but it’s the truth. A unicorn realtor doesn’t operate that way. Their goal is to help you, not get the paycheck. They’re in it because they’re passionate and knowledgeable and David is willing to have them help anyone. 

[40:42] Do What Works for You

David doesn’t expect you to use his unicorn lenders and realtors, because maybe you know someone who can help you or you want to try to take what you’ve learned and apply it out in the real world. The bottom line is that you need to do what feels right for you. That could look like anything. Just make sure that you feel comfortable and that you’re in touch with a team who will look out for you.