Navigating the world of real estate can feel like a daunting task, especially for first-time home buyers. That's where I come in! I'm Nicole Nark, a Realtor with a passion for helping people achieve their homeownership dreams.
On my channel, I demystify the real estate process and provide you with the knowledge and tools you need to make informed decisions. Whether you're just starting your home search or you're ready to make an offer, I'll be your guide every step of the way!
- Disclaimer - Nicole Nark is a licensed Realtor and the Principal Broker (PB00083374) of HomeWay Realty. HomeWay Realty is not a lender, does not issue loan qualifications, and does not extend credit of any kind. The topics discussed, and ideas presented are Nicole Nark's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.
These videos (not because of you personally) are so discouraging. Its like...Hey! You wanna build a house? Not so fast! Here's an incredibly confusing, convoluted, and expensive obstacle course you have to do first. Then hopefully nothing goes wrong for you broke a$$holes. lol. The info is greatly appreciated. And we, as your followers, appreciate it. But DAMN...WHAT DEMON CAME UP WITH THIS SYSTEM?!
I agree, the process is so unnecessarily complicated! If you have any suggestions on how I can make my presentation of the info easier to understand, I’m always open to suggestions!
from 6 to 18 months is most likely a loan for very wealthy people, and, unfortunately, the term does not come much longer. And why do they not give a mortgage for building a house? I do not like traditional traditional birdhouses, I want to build my own house with my architect, who will make this house for less money ... in general, everything is not for people.
Thank you so much for making this video! My husband and I are in the beginning staging of looking for a home and your video has been super insightful. I really appreciated the fact that you broke down what percentages we need in order to have our finances aligned. Thank you for not gate keeping this information :)
Hello! Great video which credit burea score will they be looking at? And how long is the process?do I hire my own home inspector? Or realtor helps with it
What about the fact that everyone student loans have been frozen since 2018 especially in NC after we had a natural disaster (hurricane) that left people living in FEMA RVs and hotels
I am active wholesaler. Now I never need to go this deep when disposing a deal. However, I love to always bring more value than the next wholesaler. Are the budgeting number be change to fit more align in my market?
The budgeting numbers can be changed. The budget generator will automatically pull values based on national averages but you can customize as you see fit. What a good value you could provide!
Just so people watching this understand, you can build a duplex that's very small. For example, a small 600 sq ft per side shotgun-style duplex can be self-built for 1/10th the cost of the house in this video. The 600 sq ft is a common minimum square footage allowed in most areas of the US. My point is don't let the big numbers in this video scare you away from owning a duplex.
How to get rid of interest?? Lets say house is 500,000 and interst rate is 5% so this 5% how to avoid or by pass this whole 5% interest in simple words how to get 500,000 for home finance without interst ????
It is essential to utilize a contractor that has been approved by the USDA. However, finding such a contractor can be particularly challenging. Additionally, making an offer to the seller without having the necessary funds is a complex task. Sellers often stipulate that if the appraisal is lower than their asking price, the buyer must cover the difference. For individuals without substantial savings, this condition can be unattainable. Moreover, entering negotiations without a pre-approval letter is often counterproductive, as many sellers and realtors require it upfront before considering an offer. The length of the pre-approval process can also be a significant barrier, as most parties are unwilling to wait. Another notable challenge is the requirement to submit detailed construction plans, which can range from $2,000 to $6,000. These plans must be formal and cannot simply be a sketch. If, for any reason, the loan is not approved, the buyer risks losing this substantial investment along with any deposit made to secure the property. While I deeply respect the dedicated individuals working in Rural Development who do not set these policies, it sometimes feels as though these loans are structured in a way that creates the perception of government support without fully addressing the needs of potential buyers. Although some loans are approved to show that the system works, the reality is stark. For example, in 2024, over 47,000 homes entered foreclosure in the second quarter alone, and the U.S. still faces a significant homeless population of over 580,000 individuals.
