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DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing

How to Prepare for Buying a House

DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing

Bleav + Quint Tatro & Daniel Czulno, CFP® a passionate look at everything money from budgeting, savings, investing, stocks, bonds, debt. For those that enjoy Dave Ramsey, Jill On Money, Smart Money, BiggerPockets it’s worth a listen!

Money, Self-improvement, Business, Real Estate, Education, Investing

4.6858 Ratings

🗓️ 1 May 2022

⏱️ 16 minutes

🧾️ Download transcript

Summary

On this episode of DIY Money, Quint and Daniel give advice on how to prepare for buying a house.

Transcript

Click on a timestamp to play from that location

0:00.0

Hey, this is Daniel. Thanks for listening to DIY Money. If you haven't already, be sure to give us a five-star review on iTunes so your friends know that they can learn from the show. Also, follow us everywhere on social at DIY Money Podcast. If you haven't already, be sure to check out the video on YouTube. We've got some awesome bonus content there. Now,

0:22.5

enjoy the show.

0:28.0

Welcome back, ladies and gentlemen, you're listening to another edition of DIY money.

0:34.2

So, Daniel, you guys continue to rent.

0:38.1

What's the mindset?

0:40.7

Obviously, we haven't seen any changes in prices just yet.

0:45.3

You're looking forward to potentially?

0:49.1

Exactly opposite of buy, hold, and hope.

0:51.4

Sort of like rent, keep the radar up and be ready to pounce if something happens.

0:58.3

No, I mean, we're keeping our eyes open.

1:01.0

Zillow is relentless in sending us push notifications about new listings and things like that.

1:06.8

Are you seeing any change at all?

1:09.5

Any trend change whatsoever? You know, we've seen people get

1:13.5

really aggressive with their list prices. So for a while there, it was like people would list stuff.

1:21.4

And then obviously, we even actually looked, it hasn't been recently, but months ago, we looked

1:26.4

at a couple properties. and pretty much all of them

1:28.9

went for 40 or 50,000 above asking, which is in our area roughly 10% above asking, you know,

1:33.6

above asking, you know, with multiple offers and blah, blah, blah. Anyhow, we didn't make offers on

1:38.4

any of them, but we would go look and then the realtor that we're using would call us and say, well, they want offers in by

1:44.3

noon tomorrow. We're like, yeah, we're not doing that. So we just, we're really bad at house

1:50.4

shopping because we don't make life decisions really quickly and in haste. So what we've noticed is people

1:55.6

really trying to reach for the start. I mean, people are smart, right? So if if if they're seeing their neighbor's house getting, you know, bids way up

...

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