Steps to Buying a House (everything you NEED to know)

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  • เผยแพร่เมื่อ 27 ธ.ค. 2024
  • This video explains everything that you need to know before purchasing a home. Chandler will talk about financing, negotiating, and everything else you need to purchase a home!
    Chandler Smith has been investing in real estate for the last 8+ years. In that time, he’s purchased over 100 doors of rental real estate and has gone through the purchase process dozens of times. Throughout this process, he has learned through trial and error everything that you need to know before purchasing a home. This video explains how to get financing and which the loan is right for you. He talks about the credit score you will need and the debt to income ratio required for you to get approved for a loan. Explains how leverage is not a bad thing if used properly. He then goes into detail on negotiating financing and purchase price of your home. Chandler explains the importance of a realtor for first home purchase and he tells you what to look for in a good real estate agent. He then helps you understand the additional expenses you need to watch out for when considering your financial situation. Finally, he helps remember remember the important things to check before going to the closing table. If you’re looking to purchase a home this video will give you everything that you need.
    #firsthome #howtobuyahouse #stepstobuyingahouse
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ความคิดเห็น • 117

  • @CryptoBlick
    @CryptoBlick 3 ปีที่แล้ว +80

    "Don't get emotional" is one of THE BEST pieces of advice. With this mindset, you're negotiating, deal hunting and selecting from the perspective of a business. Great job Chandler.

    • @ChandlerDavidSmith
      @ChandlerDavidSmith  3 ปีที่แล้ว +1

      Love it! Thanks!

    • @GregActonCPA
      @GregActonCPA 3 ปีที่แล้ว +1

      Agreed! That is one of my first pieces of advice for anyone looking to be better with their finances. Especially when investing.

  • @JoseInSeptember
    @JoseInSeptember 3 ปีที่แล้ว +34

    When I first started looking for a house, my first realtor was a pain to work with. She was hard to contact and looked like she was annoyed at showing us houses(and only showed us around 5). Ditched her and went with a recommendation and what a difference. Her and her team were always there to answer any questions I had.

  • @CaseyBurnsInvesting
    @CaseyBurnsInvesting 3 ปีที่แล้ว +63

    My man has 100+ units and people genuinely think they can’t buy one. My mans enlightening the people.

    • @stevennakhla7803
      @stevennakhla7803 3 ปีที่แล้ว +2

      The first ones the hardest also how about not spamming the comments for exposure

    • @ChandlerDavidSmith
      @ChandlerDavidSmith  3 ปีที่แล้ว +3

      Thanks so much Casey!

  • @kevaljoshi7594
    @kevaljoshi7594 9 หลายเดือนก่อน +6

    Don’t get emotional and knowing your budget is best advice ever because most people gets emotional and will be house poor and screw themselves

  • @chesshomes
    @chesshomes 3 ปีที่แล้ว +8

    NAILED IT! Thanks so much for being REAL... So many of these "Real Estate Guru's" Give false or misleading information but Not you friend. Thank You!

  • @vmrosales3
    @vmrosales3 3 ปีที่แล้ว +8

    Hope that one day you post a step by step process on buying your first multi family (5+ unit building)

  • @mclovinlife4018
    @mclovinlife4018 10 หลายเดือนก่อน +2

    Thanks so much for this video. I’m finally in a great financial place in life and really want to get a house, but it’s obviously such a huge commitment and have been incredibly nervous.

  • @josecanas6416
    @josecanas6416 3 ปีที่แล้ว +17

    Hahaha I love how Dave Ramsey came up when you were talking about a 30 year mortgage 😂

  • @0mnilegacy
    @0mnilegacy 3 ปีที่แล้ว +3

    Taxes - Pay to Play got me. Perfect credit, very little debt. Writing things off will increase your debt to income ratio and get you denied for a loan. This won't affect many of you guys but as a person with several rental units it can.

  • @Mai-id4fw
    @Mai-id4fw 3 ปีที่แล้ว +9

    The last tip 👌🏼👌🏼 definitely will use it on my first investment!

  • @Jasseu
    @Jasseu 3 ปีที่แล้ว +3

    Thanks for these videos man I am buying my first home and this is giving me a ton of good information to use. Especially since the house I want has no realtor.

  • @Ace-ht1is
    @Ace-ht1is 10 หลายเดือนก่อน +1

    I wonder if you have a video of first rental property home buying guide video. I am looking at Vegas area

  • @melaniegarcia9044
    @melaniegarcia9044 11 หลายเดือนก่อน +1

    What and how would I look for when dealing with the title company ?

  • @vegasvern
    @vegasvern 3 ปีที่แล้ว +5

    I’ve been having problems finding a lender for 580 FHA and 620 conventional any lender you recommend in Vegas?

    • @MattTheMortgageGuy
      @MattTheMortgageGuy 3 ปีที่แล้ว +4

      If you get with a good mortgage broker they’ll have multiple options at 580. I’ll hold back on the referral until CDS gives me the green light ✅

    • @ChandlerDavidSmith
      @ChandlerDavidSmith  3 ปีที่แล้ว +4

      Send it! Help this man get approved

    • @vegasvern
      @vegasvern 3 ปีที่แล้ว +1

      @@MattTheMortgageGuy Thanks whenever you can please send

  • @lynS504
    @lynS504 9 หลายเดือนก่อน

    Great information. I’m researching the information I need to know before purchasing a house. I hit like and then subscribe to see if you have videos on houses vs townhouse and what I should know or expect.

  • @JackDuffley
    @JackDuffley 3 ปีที่แล้ว +6

    I'm itching to buy property #3, but man it's hard to find deals right now

  • @GoonRides
    @GoonRides 3 ปีที่แล้ว +5

    love the vid! thanks for giving some banger tips

  • @beardsman12
    @beardsman12 3 ปีที่แล้ว +3

    Hey Chandler, do a video on using hard or private money if you've ever done it! Thanks

    • @ChandlerDavidSmith
      @ChandlerDavidSmith  3 ปีที่แล้ว +2

      Will do

    • @beardsman12
      @beardsman12 3 ปีที่แล้ว

      @@ChandlerDavidSmith love all your work! Coming to Aptive in Denver in a couple weeks!

  • @sticky4005
    @sticky4005 10 หลายเดือนก่อน

    Do you think the jump in bit was worth it?

  • @chrisc9960
    @chrisc9960 2 หลายเดือนก่อน

    Can you still get a loan if you worked abroad for the last two years? I paid taxes in another country and didn’t have to pay US taxes.

  • @TheHolyWarrior
    @TheHolyWarrior หลายเดือนก่อน

    What are some good apps to track my credit?

  • @Real.Estate.Report
    @Real.Estate.Report 3 ปีที่แล้ว +24

    Don’t wait to buy real estate, buy real estate and wait!

  • @Nacho-ck3gm
    @Nacho-ck3gm 3 ปีที่แล้ว +2

    Make a video on how to buy a home with cash and the process

  • @therighttruth8702
    @therighttruth8702 4 หลายเดือนก่อน +1

    What about if I have no debt just living with parents.wtf do I do

  • @askingashley2724
    @askingashley2724 3 ปีที่แล้ว +5

    Pretty good info! Although there are conventional loan programs that allow 3% down. 😊

    • @ChandlerDavidSmith
      @ChandlerDavidSmith  3 ปีที่แล้ว +2

      You are right! Didn’t come off right in the way this was presented. Just easier to get if your credit or other stuff sucks

  • @Antoine.Gagnon
    @Antoine.Gagnon 3 ปีที่แล้ว +1

    Ahhaha nice Kris Krohn style video. I love you more. Keep the genuinety love you xxx

  • @hannas5439
    @hannas5439 3 หลายเดือนก่อน

    Is swapping realtors at the end a shitty thing to do? I feel like thats a bad thing to do to someone

  • @tulip5210
    @tulip5210 3 หลายเดือนก่อน

    is this the way to win against those ridiculous prices for a trash house with one room?

  • @prestontucker1687
    @prestontucker1687 3 ปีที่แล้ว +5

    Steps to buying a Bouncy Castle? whew! That was close!

  • @moodybeauty7005
    @moodybeauty7005 4 หลายเดือนก่อน

    Thank you wish I could use you to get my new home your so confident bet they won't play with you

  • @Develoquent
    @Develoquent 3 ปีที่แล้ว +2

    I thought PMI comes in with anything below 20% equity? Then after 20% you can get that PMI removed. MIP with an FHA never drops off of course..

    • @askingashley2724
      @askingashley2724 3 ปีที่แล้ว

      That’s correct and The MIP can be dropped after some years with FHA if you put more down *I’m a MLO*

  • @WoodUCreate
    @WoodUCreate 3 ปีที่แล้ว +1

    Chandler, I think you need to have a video regarding the near term future of the housing and mortgage industry. With the upcoming forbearance starting in June, people need to be careful about buying properties, for personal use or investment. If you don't believe this, that's fine, support your opinion, that too is just as valuable.

  • @WillieZekeBrad
    @WillieZekeBrad หลายเดือนก่อน +1

    how to buy your first home... HAVE SOME MONEY

  • @MrFernandogj
    @MrFernandogj 3 ปีที่แล้ว +5

    Closoing costs are expensive sometimes 😛

  • @jeffdorris5321
    @jeffdorris5321 3 ปีที่แล้ว +2

    Nice work 🌠🎇✨

  • @parkerjohnson5270
    @parkerjohnson5270 3 ปีที่แล้ว

    hope to get to use these tips in the future

    • @Royalty0493
      @Royalty0493 8 หลายเดือนก่อน

      facts

    • @parkerjohnson5270
      @parkerjohnson5270 8 หลายเดือนก่อน

      @@Royalty0493 i won’t get to use these tips lmfaoooo

  • @mj23isthebest
    @mj23isthebest 3 ปีที่แล้ว +2

    More detail for 1099 would be appreciated

  • @HumbledThoughts
    @HumbledThoughts 3 วันที่ผ่านมา

    Dont ever put fown 3.5% with an FHA, save for the 20% so you dont screw yourself with PMI. PMI can easily add $500+ a month to your mortage.

  • @GregActonCPA
    @GregActonCPA 3 ปีที่แล้ว +1

    I'm constantly looking for rental properties. Hard to find in a small rural communities, but not impossible. I have 3 houses right now and wanting to add 1 a year.

  • @skivvy3565
    @skivvy3565 หลายเดือนก่อน +6

    *i'm sorry but never trust advice from someone who starts out by "hey, what's up" and hand rubbing bro advice. use them for sports info not fiscal

    • @cheyy3600
      @cheyy3600 8 ชั่วโมงที่ผ่านมา

      Did you hear any bad advice from the video? If so could you enlighten me ??

  • @angleazero1275
    @angleazero1275 2 หลายเดือนก่อน

    Thanks!

  • @bearded_bruh
    @bearded_bruh 4 หลายเดือนก่อน

    You keep mentioning having reserves, and I’m sitting here wondering how to have enough reserves to even purchase a home and then still maintain a reserves. 😅

  • @roberuto126
    @roberuto126 3 ปีที่แล้ว +4

    smash the like button guys

  • @nicholasloibl5621
    @nicholasloibl5621 8 หลายเดือนก่อน +1

    What if i can buy with out a loan

  • @drewmantia
    @drewmantia 2 หลายเดือนก่อน +1

    Dave Ramsey mad you didn’t go with the 15 year lolol

  • @SB-cm7db
    @SB-cm7db 3 ปีที่แล้ว +3

    Dave Ramsey randomly appearing 😂

  • @MattTheMortgageGuy
    @MattTheMortgageGuy 3 ปีที่แล้ว +5

    Just to be clear the best bet is if in CA call “MattTheMortgageGuy” right??
    Ha! Sorry, couldn’t help myself
    Better advice is talk to a few subpar lenders first then call me 🤙🏼 🤙🏼

    • @KameronKDH
      @KameronKDH 3 ปีที่แล้ว +1

      I met him at a seminar in NY a couple of years ago

    • @ChandlerDavidSmith
      @ChandlerDavidSmith  3 ปีที่แล้ว +3

      Let’s go! Can you get me a killer deal on a jumbo?

    • @MattTheMortgageGuy
      @MattTheMortgageGuy 3 ปีที่แล้ว +2

      @@ChandlerDavidSmith - I’ve got great Jumbo but only in CA? You wanna come help our state with some taxes? 😂

  • @arianasherry3289
    @arianasherry3289 3 ปีที่แล้ว +2

    Cool

  • @kurtfirestone2761
    @kurtfirestone2761 9 หลายเดือนก่อน +1

    They won't give you an interest rate till they pull your credit

    • @Peteluver145
      @Peteluver145 2 หลายเดือนก่อน

      Yeah what about this

  • @LegendRobles
    @LegendRobles 4 หลายเดือนก่อน +3

    Dave Ramsey 😭😭😭

  • @madwolf8615
    @madwolf8615 10 หลายเดือนก่อน

    That baby cryin😂

  • @nathanielcradle-yourrichfriend
    @nathanielcradle-yourrichfriend 3 ปีที่แล้ว

    Or she.... I’ll see how many people catch this 🧐

  • @AquaBlueKC
    @AquaBlueKC 3 ปีที่แล้ว +2

    Bomb realtor in Kansas City...hit me up :D

  • @archiehow16
    @archiehow16 3 ปีที่แล้ว

    500th like 100th comment 😎

  • @santiagojones4964
    @santiagojones4964 3 ปีที่แล้ว +26

    Bitcoin is the future ,investing in it now is the wisest thing to do now especially the current rise

    • @armstrongbolton9028
      @armstrongbolton9028 3 ปีที่แล้ว

      Despite all the economic crisis this is the right time to start up an investment

    • @dannyjang8727
      @dannyjang8727 3 ปีที่แล้ว

      Stocks are good but crypto is more profitable

    • @MichaelSmith-fc3fe
      @MichaelSmith-fc3fe 3 ปีที่แล้ว

      I wanted to trade crypto but got confused by the fluctuations in price

    • @olivermason6560
      @olivermason6560 3 ปีที่แล้ว

      That won't bother you if you trade with a professional like Mr Tobias

    • @robertsmith6673
      @robertsmith6673 3 ปีที่แล้ว

      I heard that his strategies are really good

  • @origami4997
    @origami4997 3 ปีที่แล้ว +1

  • @fOsterGOD
    @fOsterGOD หลายเดือนก่อน +1

    Hearing some kid cry in the background 🙄🤬