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Navigating the tricky world of real estate transactions requires expert advice and insider knowledge. In our latest podcast episode, we were fortunate to have Rosemary Medel, an urban planner and realtor with 30 years of experience, share her wisdom on successful real estate transactions. From city hall navigation to unearthing the true value of a property, Rosemary’s advice can make your next real estate transaction a triumph, whether you’re a first-time buyer or a seasoned investor.
Women often pay more for real estate than men, and Rosemary provided fascinating insights into why this might be the case. The ‘curb appeal’ or aesthetic value of a property often sways female buyers more than their male counterparts, leading them to pay a premium for move-in ready homes. However, Rosemary emphasized that women can save money by investing in fixer-uppers and making improvements themselves. Understanding the real estate transaction as a business venture and collaborating with a realtor can ensure a successful deal.
Real estate negotiations and permit verification are critical aspects of any property transaction. Operating with integrity and full transparency is essential, and Rosemary stressed the importance of due diligence in ensuring the buyer is aware of potential future costs and the values the city brings to the property. She shared her extensive experience in navigating complex transactions and highlighted the necessity of operating with integrity and full transparency.
We also explored the pressing issue of homelessness and its impact on California’s real estate scene. As an urban planner, Rosemary encourages listeners to voice their concerns and actively participate in community issues. She candidly discussed the state’s pros and cons, from the flourishing job market to the homelessness issue. Despite the challenges, she believes that the diversity of culture, the infrastructure, and the job market in California make it a desirable place to live and invest in.
Finally, Rosemary offered a masterclass on analyzing neighborhoods from an urban planner’s perspective. This knowledge is an essential tool for anyone looking to invest in real estate. From understanding the value of the property beyond its ‘curb appeal’ to navigating city hall to verify the information about the property, these insights can help investors make informed decisions and stay ahead in the competitive world of real estate.
Investing in real estate involves significant financial risk, and it’s essential to equip yourself with as much knowledge as possible to minimize that risk. Listening to experts like Rosemary Medel can provide invaluable insights and strategies for success. Whether you’re buying your first home or looking to expand your property portfolio, understanding the nuances of real estate transactions can help you make the most of your investment.