The Investing for Beginners Podcast - Your Path to Financial Freedom

AAR23 - How to Get the Best Deal on a House


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You can find Evan’s home buying calculator at einvestingforbeginners.com/home.

In this episode, Evan Raidt is joined by Andrew Sather to answer a listener’s question about how Evan was able to secure a 4% mortgage rate in today’s market.

They break down the process of finding below-market rates, discuss the pros and cons of new builds versus resale homes, and share personal experiences and tips for anyone considering buying a home.

They cover the details of FHA loans, builder incentives, the value of a good realtor, and why some traditional home buying advice may be outdated.

The conversation is packed with practical advice and actionable insights for anyone navigating the current real estate landscape.

Topics Covered:

  • How Evan got a 4% mortgage rate in a 6–7% market
  • What is a “Red Tag Event” and how to find builder deals
  • The difference between FHA and conventional loans
  • Pros and cons of new builds vs. resale homes
  • Fixed vs. variable interest rates explained
  • The true upfront and ongoing costs of homeownership
  • The impact of private equity on affordability
  • Why a good realtor is worth their weight in gold
  • Navigating dual-party realtors and buyer representation
  • Outdated home buying myths and modern realities
  • Using calculators and tools to make smart decisions
  • Resources Mentioned:

    • Home Buying Calculator
    • Monthly Budget Tool
    • Timestamps:

      00:00 Introduction and Listener Question
      02:12 How Evan Got a 4% Mortgage Rate
      04:10 What is a Red Tag Event?
      06:44 Builder Incentives and Lower Rates
      08:40 Fixed vs. Variable Interest Rates
      11:00 Why Choose a New Build Over a Resale Home?
      14:00 The Real Costs of Remodeling and Maintenance
      17:05 Comparing Price Per Square Foot: New vs. Resale
      19:30 Location, Timing, and Market Surprises
      21:24 How Market Timing Helped Evan Get a Deal
      23:10 The Impact of Private Equity on Home Affordability
      24:06 Using the Home Buying Calculator
      25:41 The True Upfront Costs of Buying a Home
      27:06 Why Upkeep and Repairs Matter
      28:55 The Value of a Good Realtor
      31:00 How to Find Builder Deals Like Red Tag Events
      33:56 Navigating Dual-Party Realtors
      35:42 Why Not Everything Is About Money
      37:01 Final Thoughts and Recap of Listener Question
      39:04 Resources and How to Reach Out
      40:09 Outro

      Have questions or want your story featured? Email Evan at [email protected] or comment below. Your feedback shapes the show!

      Remember, financial freedom is built one smart move at a time. Keep it simple, keep it steady, and at any rate—we’ll see you next time.


      Timestamps are generated by artificial intelligence, and are not 100% accurate depending on the platform used for listening.


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