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Buying a home? Form a team first. Here's where to start

As the housing market continues to face an affordability crisis, LegalShield Provider Lawyer & Managing Partner of Fiffik Law Group Michael Fiffik joins Wealth! to discuss how homebuyers can best set themselves up for success when navigating the market. "Do your homework if you're going to be a buyer. Before you get started, I would assemble your team — a realtor, a lawyer that is experienced in real estate work, and a lender — and have a game plan before you start looking for a home, because it is very expensive and it's more complicated anymore these days than it's ever been," Fiffik says. He explains that having a team set up beforehand will provide a significant advantage in an already complicated housing market. He adds that having an experienced team by your side can come in handy if issues arise with the title or home inspections. A realtor and lawyer can work together to assess the significance of these issues and even negotiate a deal. Fiffik encourages homebuyers to get as much information from the seller as possible to avoid any surprises after they move in as well as any unexpected additional expenses. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Melanie Riehl