023 Real Estate 101, Part 1 - The Foundation

Buying a house -- so many words and feelings come to mind: exciting, intimidating, scary . . . and also we probably all assume it's really complex! But the feeling that it's hard comes from not knowing the ins and outs of real estate transactions, where it all starts, and the "who's who in the zoo." Fear not, as this week the Service and Wealth Podcast pulls back the curtain to explain the core components of real estate transactions in America.

In fact, we use this episode to lay the foundation (haha!) of your knowledge about homebuying and real estate by discussing how the home itself is just an "extra" in the process, and that it all starts with you buying the land underneath it. We slowly build up from a simple Buyer-Seller transaction to add in crucial roles of the Recorder, Notary, and Title Officer before we even start talking about agents and bankers. Who knew!?

If that feels backwards, don't feel bad -- you've just been controlled and misdirected by the industry of realtors and banks. Use the knowledge from this week's episode to straighten out your understanding of real estate, and most importantly to take control of your "team" on your next home purchase! So grab your Rite-in-the-Rain notebook and a pen and get ready to take some notes -- then make sure you come back next week for Part 2 when we make a deep dive into the VA Loan!

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