Monica Benitez - Homebuyer Rollercoaster: The Buyers Guide to Saving Your Money & Sanity

THE BUYERS GUIDE TO
SAVING YOUR MONEY & SANITY

MONICA BENITEZ

NEW YORK

LONDONNASHVILLEMELBOURNEVANCOUVER

HOMEBUYER ROLLERCOASTER

THE BUYERS GUIDE TO SAVING YOUR MONEY & SANITY

2020 MONICA BENITEZ

All rights reserved. No portion of this book may be reproduced, stored in a retrieval system, or transmitted in any form or by any meanselectronic, mechanical, photocopy, recording, scanning, or otherexcept for brief quotations in critical reviews or articles, without the prior written permission of the publisher.

Published in New York, New York, by Morgan James Publishing in partnership with Difference Press. Morgan James is a trademark of Morgan James, LLC. www.MorganJamesPublishing.com

ISBN 978-1-64279-509-7 paperback

ISBN 978-1-64279-510-3 eBook

ISBN 978-1-64279-541-7 Audio

Library of Congress Control Number: 2019935177

Morgan James is a proud partner of Habitat for Humanity Peninsula and Greater Williamsburg. Partners in building since 2006.

Get involved today! Visit
www.MorganJamesBuilds.com

For Dante and Dominic,

True love never ends

My reason

My motivation

The lights of my life

This book and everything I aspire to be
is in dedication to both of you.

I love you to never ends,

Mim

Are you ready to feel that sense of empowerment and joy that homeownership brings? Are you ready to take control of your stability and security? This is your moment to celebrate that you are ready to buy your home. Picking up this book means you are open and ready to see your dream of owning your home manifest into reality. Today is life-changing. Today you begin to take the journey to finally make owning your own home a part of your lifes blueprint. Together we can make sure youre making moves in the direction that lead you to gaining the upper hand when buying your home, enhance who you already are, save yourself money and keep your sanity.

Get ready for the ride of your life that is so worth every moment! Over and over again I meet buyers that never thought being a homeowner would happen. They trust in the process and this is when the magic happens. This is when they begin to manifest their desires. In the end, they are so grateful to have been pushed when they needed the push, motivation, support, and that I never lose hope even when they lost hope in themselves.

As a tenant you never feel fulfilled until you receive an opportunity to own. In life there are no coincidences. Theres a reason why you chose this book. The time is now to end the cycle of renting and begin the journey of homebuying. This book not only acts as a guide to the process of homeownership, but helps buyers understand that the homebuying process is a state of mind as you learn to dominate the ins and outs of buying a home. There are many homebuyer guides out there for you to choose from, but none that incorporate the element of your will to make it happen, your intention, your commitment to the transaction, and the commitment on behalf of your agent.

As a buyers agent, Im always looking for the best opportunities for my buyers. I help a buyer with many facets like prequalification, home selection, contracts, inspections, appraisal, etc. I negotiate and help a buyer navigate through the many steps in the buying process. There are many times that the buying process can get complicated and buyers can feel as if they are riding an emotional rollercoaster. I press forward and fight for their best interest and encourage them to trust in the process.

Many times I have been told, You want this more than the buyer does! or You cant want it more than they do. I paid attention to my reaction the first time I was told this. At the time it made me feel that I needed to reflect. You might be saying to yourself, She wants what? I would lie if I told you these questions didnt get me thinking whether I want buyers to have their dream home more than they themselves did. I quickly realized that I do go above and beyond to make my buyers dreams come true. I am selling the dream! My wish for them is to feel what every homeowner feels: a sense of empowerment, stability, and security. I am very passionate that everyone experiences this in their life, and Im thankful for the opportunity to be a part of such a special milestone. Its why I feel as passionate about real estate as I do; and why I decided to create Homebuyer Rollercoaster: The Buyers Guide to Saving Your Money & Sanity.

My motivation to write this book was my intuitive and unconditional love of selling. When my buyers become homeowners, they are so thankful for having been pushed forward. My focus is always solution-oriented, and I believe where there is a will there is a way. I educate my buyers to stop thinking like tenants and start thinking like investors, as every property you own is an investment in your growth and future. As I guided buyers through the process, I found that their biggest challenge wasnt credit, income, or down payment, but maintaining a positive mental state and controlling their emotions. They needed to stay focused and in a place of appreciation and gratitude so that they could attract a positive outcome and manifest their desires.

At times it can feel like an emotional rollercoaster as you learn to navigate the steps until you finally arrive at the closing table. Trusting in the process is key. When those keys are handed to you, my reward as your agent is seeing you experience that immense joy and sharing in that accomplishment of moving into your home.

Y our story might have started a little like this:

We are in the information age, so why is it that I dont know where to start? With information at an instant, why is it that I cant find my way? Friends that say one thing and articles that claim another. Workshops, workbooks, webinars done them all. Ive been doing a little house hunting for the perfect house in the perfect location on my own, of course. I dont need a realtor; I can do this on my own. How complicated can it be?

Either way, Im waiting to save more money, and thankfully Ill be getting my next pay raise soon. Im working my way through school part-time and waiting for my current car lease to expire. Especially since its at a high interest rate because I have a couple of collections on my credit. Interest rates keep rising, home prices continue to rise, but thats okay soon I will buy when home values make that dramatic drop that Im sure is coming! Maybe then Ill buy a short sale and get that next great deal or better yet a foreclosure. By then I will have enough money saved. Someone told me I need to buy with twenty percent down, and I heard that webinar that said its best to obtain a home loan and put at least twenty percent down to avoid paying mortgage insurance. I do not want to pay mortgage insurance!

Im twenty-six now and working full-time. Now I really feel ready to take that step into homeownership! I now have $35,000 in student loans and I desperately need a new car and if anyone knows how hard I have worked its me! I deserve that brand-new car, and this time I will qualify for a better interest rate, so I can afford the car of my dreams. Ill just spread the payments into seventy-two months instead of paying $700 a month I can now get the car of my dreams for $590 and financed so it will be mine! By the time its up, Ill be making even more money and Ill be able to buy my own home, and heres the kicker Im improving my credit score!