Welcome to Novem Nexus: Navigating Your Financial Narrative, where we explore the various topics of finance, the stories, strategies, and psychology behind our financial decisions with host Greg Wagner as we dive into the intersection between finance and the human experience. 

In this episode, Greg Wagner is joined by licensed real estate agent Stephen Cass to take listeners through the exciting and sometimes overwhelming journey of purchasing a home. They begin by discussing the importance of financial preparation, from assessing your budget to saving for a down payment and being ready for closing costs. For first-time buyers, understanding these key steps can make the process smoother and prevent surprises down the road.

The discussion then shifts to mortgage options. Greg and Stephen break down the differences between fixed-rate and adjustable-rate mortgages, the benefits of getting pre-approved, and how to choose the right lender. These insights are crucial for homebuyers looking to secure the best deal and position themselves competitively in today’s market.

Once listeners have their financials and mortgage options sorted, the focus turns to finding the perfect home. Greg and Stephen emphasize the importance of creating a list of must-haves versus nice-to-haves, researching neighborhoods, and working with a real estate agent who can provide local market expertise. These tips help ensure buyers make informed decisions that align with their long-term goals.

After finding the right home, the episode covers making a competitive offer and navigating the closing process. From negotiating terms to conducting inspections and appraisals, Greg and Stephen highlight the key moments that can make or break a deal. By being prepared, buyers can avoid common pitfalls and enjoy a smoother closing experience.

Finally, the episode wraps up with essential tips for first-time homebuyers, reminding listeners not to rush the process, stick to their budget, and think long-term about their future needs. Greg also stresses the importance of asking for help and utilizing the resources available, including real estate agents and financial advisors.

Whether you’re buying your first home or adding to your property portfolio, this episode offers valuable insights into the entire home-buying journey.

Greg Wagner is a Registered Representative with American Portfolios Financial Services, Inc. (APFS), Member: FINRA, SIPC, and an Investment Adviser Representative with Novem Group, an SEC-Registered Investment Adviser. APFS and Novem Group are independent and unaffiliated entities. All opinions expressed by Greg Wagner or any guests are solely their own and do not reflect the views of Novem Group or American Portfolios Financial Services. This podcast is for informational purposes only, and does not constitute tax, investment, or other financial advice, and is not endorsement of any securities discussed, and listeners should not rely on it for their financial decisions. (AP PMR #34375 5-23-24)