How to Own a Home: Strategies for Buying, Selling, and Improving

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 8 April 2024

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Get a comprehensive breakdown of strategies for buying, selling, and improving homes in our homeowners lightning round. 00:42 This Month’s Nerdy Question: What’s the best thing you spent your money on this month? Hosts Sean Pyles and Sara Rathner kick off a new segment by sharing some of their recent purchases, in a new segment designed to encourage you to think about your consumption habits. 08:24 Today’s Money Question: Should you shop around for a title agency? What are the pros and cons of owning a second home? What’s the ROI for home improvement projects? What are the financial implications of using retirement funds for home improvements? Housing Nerd Kate Wood joins Sean and Sara to delve into the complexities of the homebuying process, financing home upgrades, and leveraging home equity. They discuss the risks and strategies associated with using home equity for investing in real estate, the importance of an emergency fund when becoming landlords, and the alternatives to using retirement savings for home improvements. In their conversation, the Nerds discuss: homeownership, smart home investments, title insurance, home equity, real estate investments, financial security, home improvement financing, title agencies, home disasters, buying a home, home equity loans, home equity line of credit (HELOC), cash-out refinancing, real estate game, emergency funds, home buying process, navigating title agencies, financial planning, home maintenance savings, intentional purchasing, home renovations ROI, anti-overconsumption, plumbing repairs, tax lien, closing costs, home buying in 2024, second property investment, becoming a landlord, IRA withdrawals, real estate attorney fees, escrow services, lender's title insurance, owner's title insurance, home value increase, property investment risks, buying second home, home buying expenses, mortgage application, real estate market trends, and decision fatigue. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Prime Video brings thrilling entertainment.
0:03.0	Watch Heavyweight Detective Breacher, Season 3 included with Prime.
0:07.0	Exactly how much danger is this job putting me in.
0:10.0	Treat yourself to the lovably chaotic Bridget Jones mad about the boy available to buy.
0:15.0	Did you have sex? Did you have sex?
0:17.0	Did you have sex last night?
0:19.0	Yes! And it was amazing!
0:23.0	Whatever you're into, it's right here.
0:25.3	Prime Video.
0:27.1	Click or tap the banner to find out more.
0:30.1	When is a purchase more than just money spent,
0:33.1	but a way to actually get what you want out of life?
0:36.1	In this episode, we explore what buying the right thing can unlock for you.
0:43.5	Welcome to NerdWallet's Smart Money Podcast, where we help you make smarter financial decisions,
0:48.6	one money question at a time.
0:50.3	I'm Sarah Rathner.
0:51.5	And I'm Sean Piles.
0:52.7	And as you may have gathered from my cryptic question at the start of the episode,
0:56.7	today we are going to help you understand what a single purchase can do for your life.
1:01.0	We'll also answer a number of your questions, dear listeners,
1:04.5	about home buying in 2024, including how to use your home's equity to buy a second home.
1:09.6	But first, back to that purchases thing.
	...

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