When does a real estate deal go from promising opportunity to "figure it out mode" - and how can agents and lenders spot the warning signs before everyone gets burned?
In this candid episode, Ed and Terence dive deep into the realities of today's shifting real estate market, exploring the delicate balance between helping clients achieve homeownership dreams and maintaining realistic financial boundaries. The hosts discuss the telltale signs of deals headed for trouble, from inadequate earnest money to delayed inspections, while examining whether the current market truly favors buyers. They share insights on proper financial preparation for homebuyers, including the controversial topic of reserve funds, and highlight how new construction builders are adapting with creative incentive programs. The conversation takes an honest look at the challenges facing different communities in building wealth through homeownership, emphasizing the importance of working with knowledgeable professionals who prioritize education over quick deals.
