The First Time Home Buyer’s 10 Commandments | The Communist Manifesto for Personal Finance

Video Description:
Buying a house for the first time? Let us help you with our ten home buying commandments so you don’t get swindled by a sleazy real estate agent. Or sleazy home inspector. Or sleazy loan officer. Or anyone else who works in real estate.

In our latest episode, we help you cross the Red Sea into homeowning. We go over important topics like:

–How much should you spend on a home?
–Why you should get preapproved for a mortgage before house hunting.
–How to choose a Real Estate Agent
–What you should prioritize when house hunting.
–What a comparative market analysis is, and why you need it when making your purchase offer.
–Why you need to make your purchase offer conditional.
–Why you want your home inspection report in writing.
–What an escrow is.
–How much you could be paying in closing costs.
–And so much more!

So lost children of America, throw down your golden idol of housing and follow our ten commandments to the homes of milk and honey!

01:47 I. Thou shalt do thy due diligence
03:26 II. Thou shalt know how much thou canst afford
07:02 III. Beware thy agent
09:03 IV. Thou shalt get preapproved for a mortgage before house hunting
10:13 V. Thou shalt prioritize location over quality
11:05 VI. Thou shalt be skeptical of the asking price
14:10 VII. Thou shalt make thy offer conditional
16:10 VIII. Thou shalt hire a full time home inspector who writes detailed reports
17:42: IX. Thou shalt understand closing and its costs
20:21 X. Thou shalt not cover thy neighbor’s house

Books: “Home Buying Kit for Dummies” by Eric Tyson and Ray Brown
“100 Question Every First-Time Home Buyer Should Ask” by Ilyce R. Glink
“The Color of Law” by Richard Rothstein
“Brave New House” by Diana Lind
“Nolo’s Essential Guide to Buying your First Home” by Iloyna Bray J.D., Alayna Schroeder, and Marcia Stewart
“Buying a Home: The Missing Manual” by Nancy Conner

Online Resources: American Society of Home Inspectors
Mortgage Estimator:…

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