Ep. 39 - Buying a Home? The People Behind the Process
Ep. 39 - Buying a Home? Meet the People Behind the Process
Keywords
real estate, home buying, loan officers, underwriters, appraisers, home inspections, termite inspections, title companies, real estate agents, closing process
Summary
In this episode of the RE: Real Estate Podcast, hosts Clint Galliano and Ben Harang discuss the various players involved in a real estate transaction. They cover the roles of loan officers, underwriters, appraisers, home inspectors, termite inspectors, title companies, and real estate agents, providing insights into what buyers should expect during the home buying process. The conversation emphasizes the importance of communication, understanding the roles of each party, and being proactive in the transaction to ensure a smooth closing process.
Takeaways
· The loan officer is the first point of contact in a real estate transaction.
· Pre-approval is just a cursory look at your financial situation.
· Underwriters evaluate the risk on behalf of the lender.
· Appraisers work for the bank, not the buyer.
· Home inspectors document the condition of the home, not pass or fail it.
· Termite inspections are crucial in humid areas to prevent infestations.
· Title companies ensure the proper transfer of ownership and research title history.
· Real estate agents help navigate the emotional aspects of buying a home.
· Buyers should ask questions to understand the process better.
· Communication is key to a smooth transaction.
Sound Bites
"The appraiser works for the bank."
"Inspectors don't pass or fail."
"They research the title history."
Chapters
00:00 Introduction and Overview of Real Estate Transactions
02:55 Understanding the Role of Loan Officers and Underwriters
05:23 The Importance of Appraisers in Real Estate
11:03 Home Inspections: What Buyers Need to Know
14:06 Termite Inspection/WDIR (Wood Destroying Insect Report)
18:39 Title Company / Real Estate Attorney
22:22 Real Estate Agents: Some things they do
25:53 Other Players: People you may run across
27:48 Final Thoughts and Key Takeaways
30:54 Disclaimer
Hosts
Ben Harang, REALTOR® La.
License #: 36589
Keller Williams Realty Bayou Partners
Mobile: 985.859.2500
Office: 985.262.4400
benharang.com
Clint C. Galliano, REALTOR®
La. License #: 995704723
Keller Williams Realty Bayou Partners
Mobile: 985.647.4479
Office: 985.262.4400
clintcgallianorealtor.com
Produced by Clint Galliano
Creators and Guests
Host
Ben Harang
Ben Harang brings over 30 years of experience as a licensed agent and currently works with Keller Williams Realty Bayou Partners. Ben’s experience includes single family residential sales, large land sales, subdivision development, building new construction residential and commercial projects and selling REO/Foreclosed properties.
Host
Clint C. Galliano
Clint Galliano, who’s been an agent since 2020 & an investor since 2008, also with Keller Williams Realty Bayou Partners. Clint’s experience includes residential sales, residential rentals, property management, and various avenues of investing.
