In this episode of the "Might Delete Later Podcast," hosts Derrick and D-Shean welcome Lori Weigant, a seasoned realtor from the Roseville/Sacramento area. Lori shares her journey from buying her first foreclosure to building a successful real estate career. She discusses market changes, credit tips, and the realities of buying and selling homes, including hidden neighborhood issues and financial hurdles. Lori offers practical advice for first-time buyers, highlights the importance of integrity and problem-solving in real estate, and shares personal stories about overcoming challenges in both her professional and personal life.

Introduction & Guest Introduction (00:00:22)
Hosts introduce themselves and special guest Lori Weigant, a realtor in the Roseville/Sacramento area.
Lori’s Start in Real Estate (00:01:28)
Lori shares how buying her first foreclosure in 2011 inspired her to become a real estate agent.
Getting Licensed & Early Career (00:02:31)
Lori discusses studying part-time, getting licensed in 2014, and the changing real estate market post-2008.
Market Changes & Motivation (00:03:15)
Lori talks about the impact of the market collapse, COVID-19, and her motivation for working by referral.
First Transactions & Early Experiences (00:05:58)
Lori describes her first buyer, early transactions, and working with various property types.
Commission Structure & Business Setup (00:07:42)
Explains commission-based pay, broker relationships, and setting up her own S Corp for tax purposes.
Independent Business Operations (00:09:06)
Lori details running her business independently, handling her own marketing, and using her own transaction coordinator.
Credit Score Specialty & Personal Journey (00:10:39)
Lori discusses her focus on helping clients improve credit scores and her own journey to an 850 FICO score.
Financial Advice & Home Upgrades (00:12:33)
Advice on financial discipline, saving, and prioritizing home upgrades like kitchens and bathrooms over pools.
Client Needs & Forever Homes (00:14:23)
How Lori assesses clients’ long-term plans and the impact of life changes on homeownership.
Out-of-State Moves & Referrals (00:15:56)
Lori explains her California license and how she helps clients find agents in other states.
Companies Buying Homes & Investor Impact (00:16:16)
Discussion on companies buying homes, flipping, cutting corners, and the effect on buyers and renters.
Personal Experience with Flipped Home (00:17:49)
Host shares experience buying a flipped home with hidden issues and problematic neighbors.
Inspections, Disclosures & Neighborhood Research (00:21:14)
Importance of thorough inspections, talking to neighbors, and the legalities of disclosure.
Undisclosed Issues & Legal Recourse (00:24:45)
Discussion on withheld information, potential lawsuits, and the impact of undisclosed property history.
Neighborhood Quality & Agent Limitations (00:28:52)
Lori explains what agents can and cannot disclose about neighborhoods due to fair housing laws.
Property Taxes & Mello-Roos (00:30:05)
Explanation of how property taxes are calculated, Mello-Roos bonds, and differences by area and neighborhood.
Generational Home Buying Trends & Polls (00:34:44)
Review of generational attitudes toward home prices, affordability, and causes of the housing crisis.
Interest Rates & Affordability Challenges (00:36:59)
Lori discusses how high interest rates and inflation affect home affordability and buyers’ decisions.
Delayed Homeownership & Client Mindsets (00:39:16)
Trends of people buying homes later, different client priorities, and Lori’s own experience with a profi

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