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Jill on Money with Jill Schlesinger

100 Questions Every First-Time Home Buyer Should Ask

Jill on Money with Jill Schlesinger

Audacy

Education, Investing, Business, Self-improvement

4.6 • 1.9K Ratings

🗓️ 15 February 2018

⏱️ 34 minutes

🧾️ Download transcript

Summary

Home ownership has always been considered an essential part of the American Dream. And while it may be getting harder to accomplish—especially for the millennials—it’s still pretty high on the list of goals. If you’re going to do it, make sure you do it right by doing your homework and asking the right kinds of questions:What can you afford?What do you want in a home, and what do you really need?What does "location, location, location" really mean?How do I decide what to offer on a house?What exactly does the closing process look like?While it’s hard to ignore all the financial implications of making such a large investment, there are, of course, the equally important issues related to life, family and relationships that arise in buying a home. And quick postscript to all you millennials out there who want to buy, but feel like the cards are stacked against you...hit up the app store on your phone and put all the tools and technology at your fingertips to use to help you find the best deal possible. And remember, the American Dream is still very much alive and achievable.   “Better Off” is sponsored by Betterment. We love feedback so please leave us a rating or review in Apple Podcasts. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com. For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/ Connect with me at these places for all my content: http://www.jillonmoney.com/  https://twitter.com/jillonmoney  https://www.facebook.com/JillonMoney  https://www.instagram.com/jillonmoney/  https://www.youtube.com/c/JillSchlesinger  https://www.linkedin.com/in/jillonmoney/  http://www.stitcher.com/podcast/jill-on-money  http://betteroffpodcast.com/  https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

Transcript

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0:00.0

Hi, it's Jill Schlesinger host of the Better Off Podcast. Today we're talking housing.

0:07.6

Looking for a house, we've got the right guest for you.

0:10.2

People say to me, well, should I look at my house as an investment? And I say, well, you can, and you

0:17.0

should, because I want you to buy a house that's smart, but you can't live in the street.

0:22.0

And if you pay rent think about this you're just

0:24.5

paying somebody else's mortgage so wake up and try to figure out where you want to be

0:29.8

in five to ten years and see if there's an affordable way to buy your little

0:34.3

piece of the American dream because if there is the earlier you buy the

0:38.8

wealthier you're going to be later in life.

0:43.8

Welcome to the Better Off Podcast. We're sponsored by Betterment, the largest independent online financial advisor.

0:48.7

Well, you know, we just found out that the home ownership rate has ticked up just slightly but inventory

0:54.9

remains so tight if you're looking for a house you want to get into the market

0:59.6

you better stay tuned we've got a great guest.

1:02.8

Elise Glink, she has just released the fully revised and updated edition of 100 questions

1:10.4

every first time homebuyer should ask.

1:13.0

So stay tuned, here's our interview with a lease.

1:16.0

You're listening to Better Off with Jill Schlesinger.

1:20.0

I am delighted to welcome my friend and former colleague Elise Glink

1:26.7

she is the author of 100 questions every first time homebuyer should ask. She's also the founder and CEO of Best Money

1:35.9

Moves. So, Elise, we start the program with a very important question. You ready?

1:41.6

Ready. Ready.

1:43.0

What is the best financial decision you have ever made?

...

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