House Hunting! Flip the ScriptBy Kathleen M. Witkowski CPAAre you a first-time home buyer or otherwise planning to buy or sell a home? Do you feel overwhelmed by the complexities of real estate transactions? Look no further! "House Hunting! Flip the Script" is your ultimate guide to navigating the real estate market with confidence, clarity and financial savvy.
🔸Buyers are now expected to pay a Buyer Transaction Fee to their broker. Some may tell you ‘that’s the way it is’.
House Hunting! Flip the Script" gives you negotiation techniques to reduce or eliminate the fee. 🔸As a result of buyers picking up the tab, sellers may be responsible for a lower commission.
Some may tell you ‘so, now you can lower your asking price’. Well, not really if you are buying a new property.
You’re going to need to come up with the other half for your new home. Flip the script on well-trained, often well-meaning, real estate agents whose primary goal is to close the deal for their broker and a cut of the commission and move on to the next client.
And it’s not just the broker and real estate agent. Don't forget about the mortgage lender, title agent, taxing authorities, home inspector, appraiser, recording fees, copying fees, title insurance, attorney fees and more.
Everyone is hanging out at the settlement table for a cut of the action!Never forget that it is your money dancing around the settlement table! Without it, no one would be making a deal. When you close on your new property, the decreased bank account balance, mortgage home repairs and renovations will be your responsibility.
Your agent will be on to the next client. Read this book and pick up strategies to:🔸Understand the real estate process🔸Evaluate a rent vs.
buy decision🔸Master the art of conducting effective home searches🔸Analyze blatant and hidden fees🔸Understand the mortgage industry and financial ratios used by mortgage bankers. 🔸Learn all about the credit score.
🔸Gain insight into listing and sales agreements, lease agreements. 🔸Understand home inspections, the appraisal process, home insurance, title insurance, and home warranties.
🔸Explore different types of mortgage loans, the concept of paying points, and the intricacies of the closing/settlement process, including settlement costs and the recording process. 🔸Understand the roles of the various parties, especially the states where most of the laws surrounding the real estate process are enacted.
🔸Equip yourself with effective negotiation techniques, people skills, and strategies to negotiate with real estate agents. 🔸Recognize common sales lines used by real estate agents and how to respond effectively.
This book is part of a series, Flip the Script. This book, House Hunting! Flip the Script, is the main book.
It is a comprehensive guide, packed with practical advice and tips to ensure you stay ahead in the real estate game. With a focus on financial literacy, this book helps you make informed decisions and avoid costly mistakes whether you are a buyer or seller.
The second book, House Hunting! Flip the Script - The Ultimate Planners, Checklists and Property Evaluation Worksheets, offers essential checklists, budgeting tools, and expert tips to help home buyers and sellers navigate the real estate market with confidence and ease. Perfect for first-time buyers and seasoned sellers alike.
Start your journey today and flip the script on your real estate experience. It's your money, make the most of it!.