What to Expect Once You Have An Accepted Offer on a Property

Podcast

Have you ever wondered what it’s like to buy your first property? Are you ready for a real estate roller coaster ride?

Join Terrie as she chats with Stefanie about the rollercoaster ride of emotions, unexpected surprises, and the ultimate triumph of purchasing their first investment property.

Stefanie highlights the importance of staying proactive throughout the process, detailing the critical tasks that need attention post-offer acceptance.

Tune in to discover valuable insights and practical advice for navigating the intricate world of real estate investing!

What we learned from Stefanie and Terrie Schauer in this episode:

Unlocking the Path to Success through Effective Negotiation
Diving Deep: The Power of Comprehensive Due Diligence
Sealing the Deal: Navigating Notary and Legal Procedures
Insuring Your Peace of Mind: Navigating the World of Coverage
Smooth Sailing: Mastering the Transition of Rental Property Management
Chronicles of Efficiency: The Art of Documenting the Process
Emotional Mastery: The Path to Personal Well-being and Success

Notable Words From The Episode:

Give yourselves enough time to really understand the insurance market and make sure that you are getting the best deal possible to give you the type of insurance you need – Terrie Schauer

What I did that helped a lot was just removing all the extra noise in my life so that I can focus on what was really important – Stefanie

Timestamp:

[00:00] Podcast intro

[02:40] Stefanie experienced a roller coaster of emotions, including excitement, anxiety, and uncertainty, while navigating the complexities of their first real estate deal

[10:03] Terrie discussed breaking down a real estate transaction into two phases

[12:40] Stefanie encountered unexpected issues during a property walkthrough

[15:10] Terrie and Stefanie discussed how she negotiated a substantial price reduction of nearly 10% on the property due to the zoning and revenue issues they encountered.

[16:28] Terrie emphasized the importance of creating deals in today’s overpriced real estate markets by finding unique solutions.

[18:24] Terrie discussed the post-due diligence phase of a real estate transaction and the key steps that need to be taken.

[23:03] Terrie and Stefanie discussed the importance of conducting a final property inspection before the notary appointment.

[30:27] Outro

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