• 0:00 - Overview of Real Estate Industry Changes
• 1:59 - Historical Context of Buyer Representation
• 2:52 - The Impact of Recent Lawsuits
• 4:29 - Lawsuit Consequences and Compensation Changes
• 6:05 - Understanding the New Compensation Structure
• 9:03 - The Costs of Buying a Home
• 10:55 - Realtor vs. Real Estate Licensee
• 12:10 - Changes in MLS Compensation Transparency
• 13:07 - New Requirements for Buyer-Agent Agreements
• 15:27 - Understanding Buyer-Agent Compensation
• 16:19 - Flexibility in Buyer-Agent Compensation
• 17:11 - Transparency and Fairness in Compensation
• 18:05 - Negotiating Compensation Agreements

• 3:52 - FHA Loans
• 5:16 - Conventional Loans
• 8:26 - VA Loans
• 16:24 - USDA Loans
• 26:25 - Why this Matters

• 1:10 - Foreclosures Are Increasing
• 4:05 - Wall Street Is Buying Every Home in America
• 10:32 - AirBNBs Will Crash the Housing Market
• 13:49 - Inventory
• 17:19 - Equity
• 22:05 - 3 Major Advantages to Having That Equity

• 1:43 - BENEFITS of a Buyer’s Agent
• 16:19 -  FINDING a Buyer’s Agent
• 22:36 - COST of a Buyer’s Agent

• 3:13 - What is closing?
• 12:11 - Title Search
• 21:36 - Title Insurance
• 25:58 - Buyer, do this to avoid problems at closing

• 3:27 - Up Front Money
• 7:43 - Downpayment & Loan Fees
• 10:29 - Prepaids
• 13:48 - Closing Fees
• 18:35 - Options for this Money
• 24:14 - Rules of Thumb

• 4:31 - Inspections
• 11:53 - Appraisal
• 13:38 - Underwriting
• 19:08 - Title Search
• 23:30 - Cold Feet
• 26:47 - Watch for these signs
• 29:51 - Save the deal

• 1:50 - Property Access
• 4:49 - Personal Advocate
• 14:32 - Professional Associates

Looking to buy a home? I can help you make confident decisions every step of the way. If you're in my market (Northwest Mississippi and Southwest Tennessee), reach out. Even if I can't assist you, I can connect you with a trusted agent in your area. Have a blessed day.

• 1:40 - Complete
• 4:18 - Correct
• 8:01 - Content
• 26:34 - Choices
• 28:31 - Closer/Lender

Making an offer on a home is a crucial step in the home buying process. By properly preparing and aligning your offer with the seller's expectations, you increase your chances of success. Remember to work with professionals and plan your finances wisely to make a winning offer. Thank you for listening to the Get Me Ready to Buy podcast, and happy home hunting!

• 0:58 - Consumer Survey on Home Prices
• 6:40 - Recession and End of Moratorium = Tsunami of Foreclosures
• 10:21 - What Actually Happened with Home Prices in 2022?
• 18:34 - Inventory
• 20:23 - Mortgage Rates

It is expected that the decline in inflation will lead to a drop in 30-year fixed mortgage rates, which will benefit buyers by making homes more affordable. However, there is a concern that there is not enough inventory to meet the increased demand. To be prepared for these changes, there are podcasts available called "Get Me Ready To Sell" and "Get Me Ready To Buy" that provide guidance for selling or buying a home. It is suggested that homeowners who obtained mortgage rates of 3% or lower should consider selling their homes when rates increase to take advantage of the market. Buyers should also be proactive and listen to the podcasts or watch them on YouTube to be prepared when rates reach an affordable level. In 2024, it is predicted that rates will decline further, bringing more buyers into the market and increasing competition. Therefore, it is important to be ready to sell or buy, regardless of whether it is done now or in the future.

• 2:40 - Look at Possibilities
• 12:55 - Make an Offer
• 15:32 - Negotiate the Offer

When preparing to buy your dream home, it is crucial to follow a logical order of steps. This includes assembling a team of professionals, such as a real estate agent, lender, home inspector, and insurance provider, as well as carefully planning your finances. Picking the right location for your future home is of utmost importance, and having a trusted buyer's agent by your side will greatly help you navigate the process and make informed decisions. Being ready to make a reasonable offer and understanding that negotiations may be necessary will also contribute to a successful homebuying experience. By following these steps, you can ensure that you are well-prepared and ready to purchase your dream home.

• 1:15 - Partner With Professionals

Episode 6

Episode 7

• 4:56 - Plan The Money

Episode 4

Episode 5

• 7:40 - Pick Your Place
• 9:57 - Persevere Through Close

Episode 8

Episode 9

• 16:05 - Possess Your Home
• 17:57 - Protect Your Home

Being prepared to buy a home involves more than just having the financial means and signing papers. It requires readiness to take on the responsibilities of homeownership and confidence in making a purchase. By following this complete success path, you will gain a better understanding of all the necessary elements involved in buying a home. For more detailed information on each step, be sure to stay tuned to future episodes of this podcast. Have a wonderful day ahead.

• 2:00 - What is the Close?
• 3:42 - #1: Open an escrow account
• 5:57 - #2: Title search and insurance
• 8:30 - #3: Hire an attorney
• 10:04 - #4: Negotiate Closing Costs
• 11:06 - #5: Complete the Home Inspection
• 12:22 - #6: Get a pest inspection
• 12:54 - #7: Renegotiate the offer
• 14:32 - #8: Lock in your interest rate
• 15:45 - #9: Remove contingencies
• 18:51 - #10: Meet funding requirements
• 25:49 - #11: Final Walkthrough
• 27:22 - #12: Sign the paperwork

The closing process is an important step in homeownership, where ownership of the property is transferred from the seller to the buyer. It's crucial to partner with professionals who can guide you through the specific steps of closing in your region. Thank you for listening to the Get Me Ready to Buy Podcast, and we hope this episode has helped you prepare for the closing process. Remember to subscribe to our podcast and YouTube channel for more valuable information on buying a home.

• 2:16 - First Home Under Contract
• 6:30 - Found out through the Title Company that the Seller was in Foreclosure
• 7:43 - Purchasing a house through a Relocation Company
• 10:25 - Buyer signed weeks before closing; Co-signer lost their job
• 13:18 - Unexpected Things That Catch Buyers Off Guard
• 16:14 - Client ended up in military jail during closing process
• 17:42 - Seller’s home got broken into and burgled on the day of photographs
• 18:51 - Well water test four days before close
• 19:44 - What happens if you don't agree to that extension?
• 21:00 - Solutions available to continue to close

Even though unexpected issues can arise during the process of buying or selling a property, there are potential solutions available to navigate through them. Rather than giving up, collaborate with your real estate professional to overcome any unexpected challenges that arise. Issues such as inspection findings, appraisal discrepancies, or funding questions can be addressed and resolved with the help of your agent and other professionals involved in the transaction. Remember that unforeseen hurdles are not necessarily insurmountable, and trust in the expertise of your real estate team to guide you through the process.

This episode of the podcast works for either sellers or buyers. So it's going to be used on both Get Me Ready To Sell and Get Me Ready To Buy, the podcast for sellers and the podcast for buyers. So let's dive into how to fire your real estate agent.

1:24 - Reason #1: Poor Communication

4:33 - Reason #2: You’re Just Incompatible

5:52 - Reason #3: They’re Unprofessional

8:42 - Reason #4: They’re Lazy

11:04 - Reason #5: Lack of Knowledge

12:53 - Reason #6: Undeveloped Negotiation Skills

14:32 - Reason #7: Being Unethical

16:05 - How To Fire Your Agent Correctly

How to break up correctly

• Terms of the agreement
• Talk to the agent
• Talk to the broker
• Talk to your lawyer
• File a complaint with the local REALTOR board

I hope you never need what I presented to you in this episode, but if you do, you at least know why you might need to do it and how you may need to do it. Thanks for hanging with me today on the Get Me Ready to Sell Podcast and the Get Me Ready to Buy Podcast. If you're in my market, I would love to help you sell your home or buy a home, and that's in the MidSouth, the Memphis metro area, Tennessee, and Mississippi.

If you're not in my market, I have a network of agents across the nation and in some other countries, so if you're looking to sell or buy your home, reach out to me. You can find me at some of the links below. I would love to be able to help connect you with an agent in your area who you're not going to want to fire. Let me tell you that. And again, it's an agent who I would, as best I could, trust with my mother-in-law. Listen to some other episodes if you want to know why that's a deal.

• 3:10 - What is REALTOR?
• 5:30 - Code of Ethics
• 8:45 - Code/Law Violations
• 17:20 - NAR (National Association of Realtors)

If you're not sure how ready you are to buy a home, get your score at www.ReadyToBuyScore.com and choose a few statements. It'll tell you how ready you are to buy a home and what you need to focus on. If you happen to be in the Franklin or Nashville area and you're looking for a home, reach out to Monica. You can find the link in the show notes or at the bottom of the description here. She'll do a great job of taking care of you, as always. I hope that you can give us a five-star review. And if you like the podcast, go ahead and share it with some others who, you know, may be looking for a home or have talked about it, so that they can begin getting themselves ready so that when it is time for them to buy a home, they are ready and they're not having to wait on that. You can also subscribe to the podcast or the YouTube video page if you're watching it on YouTube. So you're the first one to know when new episodes drop or when there's special information, tips, and help for you as a home buyer. Have a blessed day.

• 3:15 - Why is preapproval important?
• 6:05 - How do you get pre-approved?
• 7:39 - How long is it good for?
• 14:12 - How much cash should a buyer have to buy a home?
• 18:58 - Discuss gifts and seasoning
• 26:10 - Top 3 things to NOT do before closing on a home

Well, I hope today's podcast was helpful to you. Not only did you understand maybe a little bit more about the importance of getting preapproved and how it's not so scary at all, neither the lender nor the agent. None of the professionals are going to pass judgment on you, making you feel bad or guilty about your past. All we're focused on is helping you right now in the present to have a better future by becoming a homeowner and building equity by building your own wealth and the equity that you do have in your home. That's what we are concerned about. Not how you got in the shape you're in, But how can we help you right now to be ready to buy a home soon or some point down the road because it may take a little bit of If you're in one of those markets where Becca is, please reach out to her to see if she can help you. If she doesn't have a loan product that can help you, somebody else might. But start with her. And if you're not one of those markets, check out Guaranteed Rate at rate.com. Again, the links are going to be in the show notes or in the description here. Whether you're listening to it on a podcast or watching it on the YouTube channel, Also, remember if maybe the preapproval stuff isn't your thing, Maybe you've already had all that taken care of, but you're not sure about some other steps. You can get a score that shows you how ready you are to buy at Readytobuyscore.com. Pick a few statements. It tells you exactly where you are in the process and what you need to focus on. I'll help provide you with a specific game plan for becoming a homeowner. As always, I hope that you'll give us a 5-star review for what you found helpful today. You'll share this, and you'll actually subscribe to the podcast so that you're the first to get any new information that comes out or as soon as new episodes drop. If you're also thinking about selling a home, You can go to the podcast, Readytosellscore.com, or search for it on YouTube or wherever you get podcasts. I hope you have a blessed day. Thank you for hanging with me today, and I look forward to helping you purchase your next home with confidence.

8:53 - 5 Ways That You Can Help Your Credit

16:48 - Adjustable Rate Mortgage and the 2008 Crash

20:43 - Importance of Cash

I think owning a house is a wonderful opportunity. It creates a sense of purpose and value for you as an individual, maybe because of the goal that you have. It typically starts with cash flow.

So how much am I making, what are my bills, how much extra do I have, and could I afford the payment that is being proposed for me? Because I would say that it's very difficult to be something that they call a "house pour," where you take on a large payment of a house when perhaps your income is not quite ready for that. So you just need to think about it. There is a road to navigate, and I am ready. Are we financially ready? And then, when we are asking questions and getting good advice, I think it is very important. Finding someone that you trust more than your mom, your dad, or your brother and that you think will also give you unbiased advice is a good idea. I think it is a good idea to, in regards to Trivent, help people with their finances so that they can hopefully live a fulfilling and stress-free life. Maybe not free, but overall, I feel like when our finances are in order, it can also trickle down and help us in other areas of our lives. It can allow you to be more generous. So that is my goal and my overall initiative when it comes to helping people understand and navigate the road to their financial future.

If you don't put 20% down on a house, you typically have to pay something called private mortgage insurance. And so just doing a little planning, having a little cash flow, setting that goal, or working a little extra now so that you have more cash for later can also be beneficial.

• 1:47 - Unicorn Years
• 2:20 - Home Appreciation
• 12:00 - Inventory
• 15:32 - Affordability

I hope that this has been a great podcast with great information for you today. We'll get back into the normal routine next week. About once a month, I want to do something about a market update on what's going on. But until then, go back and listen to previous episodes. Again, you can listen to those wherever you get podcasts, or you can find them on the YouTube channels. Get Me Ready To Sell YouTube Channel, Get Me Ready To Buy YouTube Channel Thanks for hanging in there today. I hope that above all else, you're going to be confident in the decisions that you make moving forward to either sell or buy. Have a blessed day.

• 2:07 - Bring A Strong Clean Offer
• 7:16 - Financial Stability
• 11:37 - A Timely Closing
• 11:44 - Flexibility
• 15:48 - Demonstrate A Win Win Attitude
• 22:51 - Clear Communication

So again, make sure that when you're buying a property, when you're buying a house, that you're thinking about what that seller is going to need and that you're the buyer that brings a clean, strong offer. You're the buyer who is demonstrating that you're financially stable and can make this purchase happen. Be the buyer who is considerate of a timely closing for the seller. Be the buyer who is flexible in the negotiation, who is demonstrating a win-win attitude that you're not trying to gain something at the expense of the seller, and who communicates clearly throughout the entire process. Especially if there's a hiccup, make sure you communicate that clearly.

• 3:55 - Tip #1: Use a Team
• 5:19 - Tip #2: Save for Down Payment and Closing Costs
• 7:57 - Tip #3: Get Pre-Approved
• 9:17 - Tip #4: Shop Rates
• 10:33 - Tip #5: Know Your Credit Score
• 11:21 - Tip #6: Protect That Credit Score
• 12:43 - Tip #7: Be Selective
• 16:07 - Tip #8: Hang In There
• 17:40 - Tip #9: Get A Home Inspection
• 19:10 - Tip #10: Listen To Your Team

Thanks for checking out the podcast. I hope that you'll subscribe and follow me for all of the help that I provide you so that you can navigate the home buyer success path and buy your next home with confidence. Have a blessed day.