Aug 5, 2019
We’ve heard how you can snag a deal by going with a fixer-upper, but is that really true? Today we’re digging in on the dos and don’ts with house hunting!
Finding and Buyer a Fixer Upper, Not a Money Tip
Buying a house – – it’s probably the biggest purchase you’ll make.
And depending on where you live, it can be a crazy market. I know here in Raleigh everyone is saying it’s a seller’s market. And I believe it. I’ve seen houses get listed and that sold sticker put on the sign in less than a week.
Which is great if you’re a homeowner – property values are going up.
But not so much when you’re trying to buy a house, which is what my mom wants to do.
She’s recently accepted a job here in Raleigh and after she’s sold her current home, she’s looking to buy.
She’s asked me to tag along and help. And I‘m happy to.
It’s just this means we’re going to have to really hunt for a deal.
A fixer-upper would work for her.
And maybe you’re in the same boat – you’re looking for a diamond in the rough that you can buy a great price and then you can fix it up the way that you want.
The tricky part is making sure you don’t get stuck with a money pit.
Which is why I’m glad Louis Guillama is on today to offer his expertise. He’s the Vice President of Real Estate Operations at Coastal Credit Union.
He has three decades of experience with the real estate agent side as well as home renovations.
In this episode we’ll discuss:
- Differences Between buying a house that’s new construction vs resale
- Spotting great and still affordable neighborhoods
- Finding a fixer-upper (instead of being stuck with a money pit)
Let’s get started!
Resources on Buying a House
If you’re looking to buy, here are some resources to help you find an affordable place you love!
- Best Budget and Money Apps: Personal Capital, Tiller, Mint
- Grow Your Stash Faster: High Yield Savings with CiT Bank
- Automatic Saving: Qapital
- Jumpstart Your Marriage and Your Money
- My friend was about to buy a million-dollar house with no research
- What You Need to Know About Mortgages
Thank You to Our Sponsor Coastal!
Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.
If you need an agent, Daymark Realty has a fantastic team ready to help find the perfect house for you in the Triangle area!
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Music Credit
Like the music in this episode? Music is by Lee Rosevere and Music for Makers.