Seattle Living & Wealth Building Show

E2: The New Home Buying Journey: Seattle Living & Wealth Building Show

May 24, 2022 Wagner Real Estate Group
Seattle Living & Wealth Building Show
E2: The New Home Buying Journey: Seattle Living & Wealth Building Show
Show Notes

How has the home buyer’s journey changed over the past decade and what do you need to know about buying real estate in 2022? In this episode of the Seattle Living & Wealth Building podcast, we break down the fundamentals of the home buyer journey. Tune in as we address the challenges home buyers have been facing since the pandemic, the various costs associated with buying real estate, the 3-phase process for buying your ideal home, and more!

Then, we call our friend Nick, who recently bought his first home with his wife, to describe his real estate buying journey and what he learned throughout the process. Do all properties look as good as they do online? How did your buying criteria evolve as time went on? What caused you to back out of your first contract? What was the biggest challenge you experience during the home buying journey and how did we help you overcome that? Tune in to hear Nick’s valuable insights!

Key Topics/What You’ll Learn:

  • [01:40] Introducing today’s topic
  • [04:16] How long is the typical buyer journey in real estate?
  • [05:08] Why it’s important to know what type of buyer you’re working with
  • [05:50] What was your fastest closing?
  • [07:07] Buyers don’t usually know where they’re at in the buying journey… What factors affect that and how do you address that as an agent?
  • [10:35] Is there a formula for success? What does it take for buyers to succeed in the current real estate market?
  • [13:45] Trends and changes we’ve seen in real estate and mortgage & Can we expect a real estate crash soon?
  • [17:27] The impact of high-balance conforming loans on home buyers
  • [19:54] Interest rates and real estate prices in Seattle in 2022
  • [22:07] What is an appraisal? & How to navigate challenges with home appraisal gaps
  • [28:41] Nick’s buying journey
  • [46:03] How do I get started on the home buying journey?
  • [48:42] Costs associated with buying real estate

Have a question about the home buying journey? Let us know!

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Seattle Living & Wealth Building is produced by Wagner Real Estate Group which is based in the Seattle, Washington area. With over $225 million sold in the last 5 years, plus 17 years of total experience, we thrive to provide exceptional real estate services in an innovative, collaborative, and positive-minded team approach.