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ListenMoneyMatters. com | Andrew Fiebert, Matt Giovanisci

The Smart Way to Buy Property

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Buying a house is a long-held tenet of the American Dream, one of the milestone markers of adulthood. But there are a lot of misconceptions about homeownership.

And there is a lot of misleading information about the process of how to buy a house, some of it seems deliberately misleading. An uninformed buyer is an easy mark for predatory real estate agents, home inspectors, contractors, banks, and mortgage brokers.

Buying a house to live in rather than to rent out is not an investment.

In reality, it’s usually a terrible investment. That’s because, at the end of the day, owning a home takes money out of your pocket: You’re paying property taxes, you’re paying maintenance, you’re paying insurance. There are all of these other things that happen with your home that you’ve got to pay for.

But every decision we make doesn't have to be based strictly on dollars and cents. No matter what we are, anyone else tells you, sometimes you just really want a house. A home of your own feels like stability. It allows you to put your stamp on your environment. A home is something a lot of people want when they decide to have children.

We respect all of those reasons, so if you're bound and determined to do it; we want to show you the smart way to buy a property.

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Show Notes

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0:50:08
Publication year
2019
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