1/ 1) go to a bank, get preapproved for a mortgage. 20% down is ideal, but that's between you and the bank, not you and anyone else. 2) find houses on http://realtor.com 3) contact realtor 4) view house(s) 5) make offer ~5% below askinghttps://twitter.com/michaelcurzi/status/1455979126670589952 …
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2/ Remember that the realtors work for the seller, who pays them via his commission. Their ethical goal and financial incentives are to maximize the selling price. Thus, the realtor is sort of your frenemy. Wants a $$$$ price ...but closing a deal at $$ is better than no deal.
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ⓘ Dogs don't have thumbs Retweeted 𝖒𝖎𝖈𝖍𝖆𝖊𝖑 𝖈𝖚𝖗𝖟𝖎
3/ pro real estate is an entirely different beast a huge percent of house buyers are first timers the industry is organized around that; you won't look dumbhttps://twitter.com/michaelcurzi/status/1455979695153967107 …
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𝖒𝖎𝖈𝖍𝖆𝖊𝖑 𝖈𝖚𝖗𝖟𝖎 @michaelcurziReplying to @MorlockPidk i had an internship in commercial real estate years ag, & there were terms like 'cap rate' that i think i'd look like a dumbass if i didn't know perhaps the truth is i am an absolute noob and that will be visible but i'm wondering if i can graduate to 'sort of aware' quickly2 replies 1 retweet 22 likesShow this thread -
ⓘ Dogs don't have thumbs Retweeted Mike the Grate
4/ 500% this surfing real estate on http://realtor.com can be a hobby do it for months or years get to REALLY know the market when any given house comes on the market, you want to already have opinions about quality, yard size, price, etchttps://twitter.com/mikethegratest/status/1455980005578711177 …
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ⓘ Dogs don't have thumbs Retweeted Shea Levy
5/ I'm assuming that a first time buyer doesn't have the full purchase price of a house sitting in his checking acct ... but...in this era of stock options and Bitcoin appreciation, who knows!https://twitter.com/shlevy/status/1455980855080411138 …
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Replying to @MorlockP
What is a down payment elsewhere will buy you a whole house in exurb-to-rural Ohio. Then you'll need to work remote. A copy of "Escape the City" may be your friend as well...
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