How To Save $ When Buying A Florida Real Estate Property! Florida Realtor Explains.
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- Опубліковано 28 чер 2024
- In this video, we will talk about 10 ways to save on your next real estate property purchase. Whether you're a first-time homebuyer or an investor, the tips and tricks shared here will empower you to make financially savvy decisions before purchasing a home. We will also speak about how to save money on a real estate transaction. I will use a few examples set in Florida which will help those people looking to move to Florida.
Timeline:
00:00 - Setting The Stage
00:46 - 1. Budget
02:15 - 2. Stick with it
03:19 - 3. Financial Advisor / Pre-Approval
04:05 - 4. Research
05:56 - 5. Negotiate
07:32 - 6. Undervalued Areas
09:32 - 7. Inspection
11:22 - 8. Buy When The Time Right
12:54 - 9. Market Deals
13:41 - 10. Important
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✅Excel Spreadsheet / Home Costs
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🔴DISCLAIMER: All content provided on this UA-cam channel and via this channel (including documents and sheets) are for educational and entertainment purposes. The owner of this channel, Katrin Pfitzenreiter, makes no representations as to the accuracy of any information on this site or in the documents. The information on this channel does not substitute consultations with local real estate agents, mortgage brokers, insurance brokers, financial advisors, and lawyers. The information provided is subject to change, as they so often do in this fast-paced world. The use of the internet and digital methods for communications with Katrin Pfitzenreiter such as e-mails and sharing of the documents/sheets described in this video does not establish a formal business relationship. Katrin Pfitzenreiter or any of the channel guests will not be liable for any mistakes in this information. Katrin Pfitzenreiter or any channel guests will not be liable for any injuries or damage from the display or use of this information.
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Thank you so much for supporting my channel which motivates me to provide you with free content each week! Don't forget to subscribe to this channel :). See you in my next video.
I love your videos. Only visited twice there so far, I love the Sarasota vibe, and you got a cool vibe too Katrin! Great job 😎
Oh, thank you, Chief! Sarasota is special :).
You know what.? You're SO good.❤
Oh thank you!
I learned during the housing crash of 2009 to go directly to the listing agent. Listing agents love to get the double commission, so if you know what you are doing, and you can research the MLS on your own, you might get a better deal if you use the listing agent instead of bringing your own agent. I learned that lesson the hard way by losing on a lot of deals just to see that house sell for less than I offered because the other buyer was represented by the listing agent. It is disgusting and very unethical for realtors to do that, but that stuff happens all the time.
Completely disagree. Do you believe the listing agent will pull data to show you the house is way overpriced when it is?
@@katrinreal You are 100% correct, I know the listing agent definitely won't be on my side (that is why I'm saying you should be comfortable researching MLS data) but in my experience buying and selling houses over the years, the buyer agent would also never tell you that a house is overpriced. Even in late 2006 the realtors I was working with, told me that it was a great time to buy. The same house my realtor was telling me it was a great deal at 1.1 million, I ended up buying for 800K more than 3 years later. It didn't take a rocket scientist in 2006 to know that houses were overpriced but unfortunately, the commission incentive is too big for most realtors to be upfront and honest with their clients. Im sure there are some good honest realtors out there but I haven't come across any yet.
@@willystalla You are making big assumptions that all realtors are equal. I let my data analysis do the talking. If it shows it is over-priced, then it is.
Katrin, your explanations and your videos are absolutely fantastic. Thank you so much for all the work you put in to explaining So well the experience of buying
Thank you so much for watching :)
Another informative video. Thank you so much for your work. 😘
Kate, glad it was helpful! :)
So many times when I watch your videos, I feel you're talking about my partner and me! It's just crazy the similarities in the scenarios you present ! Patience and not getting emotionally involved is difficult when you envision yourself in a certain area, especially one as beautiful as Sarasota!
Hi John, good to see you here. I just may have in this video :).
Carrying costs you need to consider when purchasing real estate: mailchi.mp/f961f225affc/cost-of-living-excel-spreadsheet
What buying strategy has saved you money? Share below 👇
My wife and I have been real estate investors. We used to own 7 properties, sold some, and now only have our current house in Alaska, and two homes in Colombia. We want to move to Colombia, and are thinking we might want to have a VRBO, somewhere in Florida, as a passive income earner, as well as a back up place for us, for if we need to leave Colombia for whatever reason. Also, to park some wealth in something other than a bank. We love Tampa area, have stayed in Brandon, don't like Miami too much. I guess we are interested in a place that's affordable but easy to keep filled ad a vacation rental. We only want to buy in cash outright, but would need to have it professionally managed and still make income. Any thoughts/ ideas that could put us in the right direction?
Yes, stay in Colombia!! Short term rentals and investors are taking over Florida. Get rich doing something. Let regular folks have a shot at a permanent residence and first time buyers. I hope they outlaw Airbnb and short term rental type places to very limited areas.
@@danacaro-herman3530 I am regular folk. If you have a victim mentality, then nothing will help you, because you could be just an untalented, quitter. I'm Native American and came from the most poor and as homeless. I just was determined to learn, have the discipline and do what it takes. Oh, my wife came from the most poor part of her city in Colombia too, and we married with $25 dollars in my pocket. So don't give me advice, because I learned a long time ago not to take bad advice from financially, illiterate, regular people like yourself. You need people like us, because we bring the businesses you work in, to begin with. Limit AIRBNB? We aren't a Communist country, never have been. Especially Florida. Thanks for inspiring me
to keep doing what I do. Good luck, seems like you really need it, as well as re-training about how not to be a parasite.
Airbnb is the problem, it needs to be more regulated in the US.
@thehammer3340. It's a big problem in the retirement community of The Villages in Fla.
Here's the reality....If I were real estate agents I would target upscale homeowners in northern climates looking for the warmer Florida climate. The current affordability for residents of Florida is at an all time low. The % is now very small of peeps that can currently buy. With all the issues...cost of home...interest rates....homeowners insurance...flood insurance...ongoing maintenance costs...well that's the truth of very small % of people that can afford to buy. So the current buyers will be well qualified....probably more and more flush cash buyers. Hopefully realtors saved their dough during the strong run up for these leaner times......like I said it's a matter of finding those qualified most likely cash buyers now!!! Good luck🙏🙏🙏
😁😁😁😁😁😁 Always buy New unless LOCATION is what u want.
Hi Jim :)
@@katrinreal Do a Trip somewhere 5* again.😁😁😁
@@jimshoe402 A trip? To where? :)
@@katrinreal That's ur Job ur Key West one was Great..U do that well IF it makes u MONEY.. U only have so much Time..😁😁😁
@@jimshoe402 I have been so busy :). But yes, definitely planning a trip soon!
Nothing worse than being house poor.
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