Episode 5 - Home-Buying Part 2: From Contract to Close (and Beyond)

Episode 5 (definitely in our top 5 episodes of all time):

 

Still wondering what the artist is saying in our theme song. Does anyone know? Bueller?

 

In The Rundown, Michael and Brad highlight the latest mortgage news and real estate market stats. Michael makes his next prediction for where interest rates are headed. So far batting a thousand! Brad reviews the month of January and how the market is trending.

 

In The Scoop, it's all about the home-buying process, part duex. It's a huge topic we split into two episodes (Episodes 4 and 5). In Part 1, we talked about what's involved all the way from launch (How do you know when you are ready to buy?) up to when you get under contract (hooray!). In this episode (5) we cover Part 2 and go from contract to close and beyond.

 

In The Unreal, the guys discuss VA cash-out refinances. It's not a scam and can be helpful, but many practices out there are a bit sketchy. It's unreal!

 

In The Spotlight we feature Lyfe Cafe, a food truck in the Baltimore area as well as their new location in the Timonium Coppermine location (hey, that's two for one!). Check them out!

 

Episode Highlights

• Our Super Bowl predictions were off, but Michael almost nails the final score (just in reverse)
• You're under contract - YIPPEE!!! Now what? 
• Immediate steps for the buyer, REALTOR, and others
• What's a contingency?
• The six things your lender needs to approve your loan
• The Due Diligence phase - what's involved?
• The myriad types of home inspections
• Thoughts about appraisals
• Logistics and final details
• Chuck it or truck it!
• Packing tips
• What's going on with the loan, and what is underwriting?
• The three most beautiful words (or letters) in real estate
• Title work, liens, easements, and more
• A reminder about wire fraud and how to avoid it
• The final walkthrough
• Tips for a successful settlement day!!!
• Moving day and our surprise
• Exploring your neighborhood
• Tax credits and what you need to do
• You're part of the family
• Watch out for VA cash-out refi "deals"
• Brad is obsessed with Açai bowls
• Next episode: Home-Selling Part 1: Launch to Contract

Hosts

Michael Becker, Sierra Pacific Mortgage
NMLS #200085
[email protected]
[phone] (m) / [phone] (office)

Brad Cox, The Vesta Group of Long & Foster Real Estate
MD Lic #652795
[email protected]
[phone] (m) / [phone] (office)

Links

Michael Becker, Sierra Pacific Mortgage
Brad Cox, The Vesta Group of Long & Foster Real Estate
@berealmdpod