What Your Mother Never Told You about Buying Your First Home with Cindi Rice

Welcome to Part IV of our real estate professional guest series. Cindi Rice joins me again from John L Scott/The Madrona Group. Cindi and I dig into some of the issues that homebuyers and sellers need to address before a mortgage will be approved. From “small leaks” that can eventually cause mold problems, to peeling paint, furnaces, water heaters, roofs, ventilation fans in bathrooms, and more- you need to be vigilant.

The Homebuyer Hustle podcast is hosted by Cameron D’Avis, a loan originator with 20 years of experience. In each episode, Cameron discusses topics that can help anyone buying a home - from first-timers to seasoned investors. Cameron walks you through the pre-approval process, selection of your first home, things you should avoid, and other important topics from a real estate professional’s perspective. Podcast guests will include industry pros - CPA’s, appraisers, title reps, and home inspectors, sharing their experiences and insights. 

Discussion Points:

• What can sellers do to present the best home?
• Restaurant analogy - is the ‘front of the house’ clean?
• Checking every tiny detail - furnace, water heater, etc.
• HOA - does the home or condo have added fees? How much do they have in reserves?
• Lenders consider the coverages and reserves
• Peeling paint - it can mean the wood is not sealed
• FHA will reject funding homes for peeling paint and other “small” issues
• Qualifying for FHA - the things they look for
• Right now is a great time to buy because there are very few bidding wars, you can take your time- don’t wait
• Reach out with any questions or comments!

Resources:

Cindi Rice LinkedIn

The Madrona Group 

Cameron D’Avis Profile 

Contact Cameron 

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