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Podcast: First Time Home Buyer

first time home buyer

Podcast: First Time Home Buyer

For this podcast I sat down with Walt Wollet, mortgage loan officer with Pacific Residential where we discussed his experience as a first time home buyer.  Learn about the home buying process from the perspective of a mortgage lender and how handled the process and what things he might have changed to make it even better.

You can connect with Walt Wollet on LinkedInFacebook.

You can connect with me on FacebookPinterestTwitterLinkedInYouTube and Instagram.

About the author: The above Podcast “Podcast: First Time Home Buyer” was provided by Paul Sian. Paul can be reached at ...

6 Pitfalls Fix and Flip Investors Should Avoid

6 Pitfalls Fix and Flip Investors Should Avoid

6 Pitfalls For Fix and Flip Investors

Buying a home in poor condition to fix up and sell for a profit is a real estate investment strategy that is popular with many.  With home prices going up due to high demand and low inventory many investors are able to quickly fix up a home, turn around and sell it pocketing a nice profit which can be repeated again.  There are pitfalls that new and seasoned fix and flip investors fall into that can quickly eat up any potential profits and turn it into a loser as this article explores.

Underestimating Repairs

Getting the repair estimate correct is important before one makes an offer to buy a home in need of repair.  Hidden things like mold, water damage, foundation issues and more are quite costly to repair.  By ignoring or glancing over those repairs when considering the offering price and the after repair value (ARV) the investor can be left with a loss when it comes time to sell the home.  It can be helpful to allow a home inspector to walk through the home and do a full inspection if the buyer does not have the experience to spot all issues.

If the buyer does spot issues it can be important to bring in professional contractors to give proper estimates on the repair work needed so an offer for the home can be prepared.  In hot markets many investors are competing against each other which means the luxury of bringing in a few contractors for different bids may not be possible.  Instead the buyer should be relying on one contractor who has shown they know what they are doing and ask them to provide an estimate as soon as possible.  If that contractor has done work for the buyer in the past they are more likely to get a quote out to...

August 2020 Greater Cincinnati Luxury Real Estate Market Report

August 2020 Greater Cincinnati Luxury Real Estate Market Report

The amount of luxury homes that sold and the amount of luxury homes available for sale increased from July 2020.  As homeowners feel more comfortable in this new pandemic world and real estate agents are making sure virus guidelines are adhered to both buyers and sellers grew.  While the fall is a second rush of home buying and selling it remains to be seen if this pattern continues for this year since the trends have been shifted due to the virus shutdowns.

August 2020 Greater Cincinnati Luxury Real Estate Market Report

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