Why it worked
The video provides a detailed and transparent breakdown of the costs associated with buying a house, which is a significant financial decision for many. By highlighting how the creator saved money through specific programs and negotiations, it offers valuable insights and potentially actionable information for viewers interested in homeownership.
Summary
The creator details the costs associated with buying her new house, highlighting how certain expenses were covered or negotiated down. She explains that due to using a VA loan and a builder like Dr. Horton, she didn't have to pay a down payment or closing costs. Appliances were also included, saving her money on purchasing a washer and dryer. She mentions paying for an inspector and re-inspection, and an additional earnest money deposit, ultimately stating she only spent about $100 to get the house.
Structure
- 1Introduction to the New House Series and cost breakdown
- 2Explanation of VA loan and builder incentives saving money
- 3Details on included appliances and savings
- 4Costs for inspector and earnest money deposit
- 5Final calculation of personal spending on the house
On-screen text
New House Series
How much it cost?
here's how
needed to buy
originally
told me
it was
$317,000
this house
but talked
them down to
$304,000
small down
payment
because
I'm
using a
VA loan which
doesn't
require a down
payment
that was
zero dollars
and also
because
I'm using a
builder like Dr
Horton I did not
have to come out
of pocket for closing
because
they
covered it for me
so that was
also $0
appliances
was
already included
so that saved
me money where I didn't
have to come out
of pocket to buy a
washer
and dryer
so zero
well
because
I'm prior military
the VA
did
appraiser
and did
come out of
pocket
$745 to
pay for my inspector
that price also
included
reinspection
taco
another
$1,000
and earnest
at closing
me a
check
for
$1,645
giving me the
$1,000
I paid back in
earnest money plus
some taxes
for the year
so if you subtract
amount
I said
they
gave me
I only spent
about
$100 to
get this house
I hope
that made sense
but let me know
if you have any questions
and don't forget
housing
journey
bye