On this episode of Ask The Experts with Alka, What do Entrepreneurs and Business owners NEED to know about Investing; best practices? Tips & tricks or insider knowledge? Listen in as your host, Alka Sharma ASKS the EXPERTS everything YOU NEED TO KNOW
KEY TAKEAWAYS
- What is the first step of the home-buying process? The first thing a first-time buyer needs is to have a pre-approved mortgage. Without getting a pre-approval letter from a lender – because they’re the ones who will lend you the money and will want to know that you can pay them back.
- How long does it take to buy a home? Once the home is selected and the offer has been accepted, the average time it takes is about 30-45 days under normal market conditions.
- What is a seller’s market? This is when there is an increase in demand for homes and it drives up prices.
- What is a buyer’s market? This is characterised by declining house prices which reduces demand. This may affect your long- and short-term strategies – this could be caused by natural disaster, economic problems, and rising interest rates.
- What is a stratified market? Quite often this will be what happens when supply and demand is affected when prices differ in the same area.
- How much do I need to put down as a down payment? The average is 11%, but for first-time home buyers it can be anywhere between 3-5%.
ABOUT THE HOST
Alka Sharma is a Real Estate Investor. She has a zest for life, helping her clients gain knowledge and insights into property investing. Alka takes her time to make sure her client’s needs are met.
Alka is an accomplished, professional ballroom dancer having competed both nationally & internationally.
Alka is grateful for all her experiences that have shaped her today as a successful Entrepreneur, Real Estate investor.
CONTACT METHOD
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Youtube: https://www.youtube.com/c/AlkasTotalFitness
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