026 Real Estate 101, Part 3 -- the 5 C's of Buying a Home
Welcome back for our third installment in the series of Real Estate for the Military, in which we move from crawl to walk -- and help you with some tried-and-true TTPs for making killer offers and getting a great deal on your first (or next) house. In Week 1 we laid the foundation of what real estate is all about in the U.S., and in Week 2 we talked about how to prepare yourself to buy a house by what to look at in researching homes in your new city, as well as questions to ask your agent and loan officer to make sure you put together a rock-solid team that is working for you "from soup to nuts."
In this week's episode we talk the "5 C's" of real estate: Contact, Contract, Contingencies, Commissions, and Closing. That's right: together in this week's episode we walk through the steps from reaching out to a seller, to making an offer, to getting through the messiness of negotiations, inspections, appraisals, pre-qualifications, and more to get you across the finish line to close on your next home purchase. Beyond just talking about the steps and the key terms, we share winning tips, tricks, and TTPs that will help you make competitive offers that get accepted -- and keep more cash in your pocket! Finally, we talk about a simple closing checklist to make sure you're getting the deal you expected.
Remember to join us next week for Part 4 in which we go into "eye-bleeding detail" on the VA Loan. We guarantee you'll be surprised by what you learn about the different types of VA loans available to you, and the endless possibilities they present!
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