The Dirt on,, Buying with Edge Homes in 2025

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Welcome to the Dirt on Real Estate, everyone.

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Great to have you here today. As always, this

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is a Utah -based podcast for everything you need

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to know about buying, owning, and loving your

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first home. Today we have a great episode ahead.

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I'm gonna take just a minute to go over a couple

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shopping items that you might not have thought

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about, that you may need those first couple days

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after buying a new home. And then we're gonna

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get into an interview with Nate Moulton from

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Edge Homes. Nate is on the sales team with Edge

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Homes, and we get into a great conversation about

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what the buying process looks like with Edge

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Homes. And then finally, we head out to Riverton

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to tour a single -family home by Edge Homes.

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It's a beautiful home, so stay tuned for that

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at the end of the show. Okay, I'm gonna take

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just a minute here to talk about a couple of

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items that you may need to buy that first week

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that you get into your new home. Now we all know

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that buying a home is an expensive process. Obviously

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it's a huge investment and we don't always think

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about the little things that add up in cost.

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So it can be important to save a couple thousand

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dollars for some of the things like new furniture

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depending on... where you're moving from, if

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you have furniture that you're moving into, things

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like bigger appliances like a washer and dryer

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or if you need an extra fridge or freezer to

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put in the garage. Small things like trash cans

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to go in your home, in your bathrooms, lawn care

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equipment, lawn mower, things to tend to the

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sprinklers, shower curtains is a big one that

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I think we forget about sometimes, bath mats.

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You always want a fire extinguisher in your home.

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Maybe you need more storage supplies, organizers,

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bins to go in your garage. Just these little

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things that can add up. and that you're not necessarily

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thinking about until you get into your home and

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you realize, oh my goodness, we don't have any

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trash cans or we don't have shower curtains.

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So it can be important to save a couple hundred

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to a couple thousand dollars for those unexpected

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things that come up after you move into your

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new home, for those late night Amazon orders

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to bigger things like maybe your washer and dryer.

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So there's just my two cents on a couple of things,

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but that's enough of me rambling. Let's get into

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this interview with Nate. We are here today with

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Nate Moulton from Edge Homes. Nate, so excited

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to have you on today to get to talk about Edge

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and dive a little deeper into the process of

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buying with Edge Homes. So give us just a couple

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minutes here, minute or two. Give us your background

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and how long you've been with Edge. Yeah, thanks

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for having me Will, I'm excited to be here. My

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background, I've been a real estate agent for

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about nine years now here in Utah. Born and bred

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Utah and grew up in Utah County. I started in

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real estate being a regular real estate agent

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where I would help buyers and sellers for about

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five years and then ended up getting an opportunity

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to work for Edge and go to the new construction

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side of things and thought that that was a good

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opportunity with the growth that Utah is facing.

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I thought that being a new construction was a

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pretty good spot to be, so I jumped over here

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and it's been great. We've always got. cool incentives

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and great prices and cool communities. So it's

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been, it's been a fun transition and been pretty

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easy to get people into homes with Edge. Right

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on. No, they definitely make a good product.

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If people have watched the show at the end, we

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do a home tour and so far they've all been the

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Edge homes and they are just awesome. We love

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going through them. So give us just a little

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bit of an update on Edge homes right now. Where

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are they building? How long have they been around

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that kind of stuff? Yeah, so Edge started actually

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in 2008. So of all the times to start in real

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estate, they picked a hard one, but they've done

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great since then. They've just grown and grown

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and grown. This year, we are the biggest builder

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in Utah by a long ways. Last stat I saw, now

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I don't want to like give exact numbers in case

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I'm off, but last on housing starts in the state

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is we were far ahead of any of the other competitors

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by like four or 500 houses. So they have grown

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to be the biggest builder in the state of Utah.

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Yeah, we've got communities. We're pretty concentrated.

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We're as far south as Mapleton in Utah County

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and as far north as Harriman and Riverton right

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now. We're going to be adding some communities

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in West Valley and West Jordan, Taylorsville.

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I think actually we're opening our Taylorsville

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community this month. So we're pretty much Utah

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Salt Lake County and then in that Taylorsville

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community. Yeah, tons of communities. options

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available from condos, homes and singles. Awesome.

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Yeah, definitely have to get out and check out

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that Taylorsville community that's coming up.

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That sounds sounds great. Honestly, it makes

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it nice in some ways that you're so concentrated

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because you know exactly what you're going to

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get with Edge. They have it down to a T going

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in and building out these communities. They really

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are a machine like the Edge building process.

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is incredible to watch. With single -family homes,

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they will start digging the foundation hole.

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And when they start that, the home is generally

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done. Our contract gives us 110 days to finish

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the house from the time that we've digged that

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hole. So we're usually done in about 90, 95 to

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give us a little bit of buffer room. But they

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just have this machine well -oiled and fine -tuned

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and can really crank out homes. And they're still

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beautiful, well -built homes. If speed's a thing

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for a buyer, if they want something that they

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can design and be done quickly, Edge is going

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to be the best bet on the market. So you mentioned

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how quick the building process is. Take us through

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what it looks like. This is kind of the meat

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of the episode right here. So just take us through

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what it looks like for a buyer coming in to Edge.

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Just what the buying process looks like, whether

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they're designing the whole home or is there

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opportunity for them to buy a house that's already...

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built already so they can get in even a little

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quicker. What does that look like for someone?

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Yeah, great question. With Edge, there are options

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for both. We do empty lots where you can pick

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a home, pick the lot, and then go through the

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whole design process. Or we have a ton of quick

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move -ins that we build as spec homes where our

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design team goes and picks all the upgrades and

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color palettes and things like that. And we have

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a bunch of those available. So there's really

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options. It just depends on what is best for

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the buyer. As far as the process goes, generally

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the way it works is a buyer will come into a

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model home with their real estate agent and will

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meet with somebody like me, one of our sales

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team. I'm one of 30 agents here at Edge and would

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walk through what exactly they're looking for

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and what their timeline is, what their budget

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is. And once we narrow down a few of those things,

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then we can go and identify either houses or

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townhomes or condos in the communities that would

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work for their, you know, what they're looking

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for. From there, I would go and show them model

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homes so they can see what these units look like

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with furniture in them and then go and look at

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like the actual dirt where the buildings either

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are an existing or where they would be built

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so they can kind of get a good sense of location

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and feel of the community and things. With a

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quick move in well, I guess we'll start with

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that is if they find one that they like, you

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know They walk through the house. They're like,

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alright, this is the one Then they would just

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let their buyer agent know and the edge agent

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we would send them a contract They would sign

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it the edge process is super streamlined and

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so simple The buyer would pay some earnest money

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that is sent to them via a link in their email

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So they can just pay their earnest money online.

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They would have about a week of due diligence

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to you know talk to the lender and get an idea

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of if this is going to work numbers -wise for

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them. If it doesn't, they could cancel and keep

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that earnest money, and that would just be returned

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right to their bank account. Then if they decide

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that everything looks good, then they can go

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forward. Edge does a bunch of inspections. They

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can do a final home orientation walkthrough.

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Then we schedule closing and give them keys at

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the closing table if they're using the preferred

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lender. Super, super simple process with the

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quick move -ins. easy enough and it it does make

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it a lot simpler especially with the due diligence

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process because there's a lot less you have to

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go through with the new build so that is awesome

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all right let's jump into if you're actually

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designing a home what does that look like for

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someone designing is is both super fun and really

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hard because there is a lot of options edge considers

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themselves a production builder but at the same

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time they offer a ton of customizations there

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are 30 plus cabinet designs to choose from, for

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example. Like this railing right here behind

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me, there's like eight of those. Then all the

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different colors and materials and stains and

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finishes, things like that. There really are

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tons and tons of design options for every home.

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When a buyer goes under contract on a build lot,

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they would, same thing, pay that earnest money,

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have that due diligence period, but then they

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would schedule an appointment with our design

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studio. full -time professional interior designers

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who work with the buyer through this whole process.

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We've got photos and examples of everything.

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Our design studio is state -of -the -art and

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has just examples of everything that they're

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going to want to look at. They'd go meet with

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that designer and just start going through things

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line by line item. It's generally a four to six

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hour appointment. just going through every detail

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of the house from what the exterior would look

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like what type of siding what style of siding

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whether it's like a farmhouse or a craftsman

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or a more modern look are these uh designers

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that are at the warehouse the same ones that

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design your model homes they are yeah the exact

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same ones that do all of our model homes and

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our spec homes cool because i mean just walking

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through we've done I don't know, close to 15

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model homes now that we've walked through. They

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are impeccable, and they are so seamless and

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amazing. And for me, thinking about it as if

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I were a buyer, it's a little overwhelming having

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to design all of that in a day or two. So knowing

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that you have these professional interior designers

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behind you, helping you walk you through it,

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I don't know, it's just, it's comforting knowing

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that they've got your back. Yeah, they're really

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good at guiding people and keeping people in

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safe areas. If they're like, you know, just talking

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to them about the pros and cons of every decision.

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One thing I will say is it's not just a one day

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or two day thing. That's the beauty of it is

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it's not appointment. That's the initial design

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studio appointment where you can go through and

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make your preliminary selections. And then you've

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got a week to two weeks to to fine tune that.

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before you have what they call a final design

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studio appointment where you go through and actually

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finalize the, you know, the selections that you've

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made. And then at that point, then it's just

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waiting for engineering to get done and we'd

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submit for permits and then get put on the dig

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schedule and then wait for the house to be built.

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Man, even better, even better. Cool detail I

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thought I would mention, Will. You know, people

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say cookie cutter when they look at big production

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builders. One thing that is so cool that Edge

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does, is they have a program or a process called

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ADP, architectural design path, where if a buyer

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likes a floor plan but wants to change a few

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things, they can go and meet with an edge architect

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and change the floor plan in a way that is not

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like a standard option, if that makes sense.

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So no way. And a ton of people will do that and

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come up with really awesome designs and changes

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that are unique to them and that they would prefer.

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And that takes the house from being you know

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almost perfect to the perfect house for them

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exactly what they were looking for so that's

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a really cool option that edge does offer you

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know make sure that our buyers are well taken

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care of and are happy that is really cool is

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there an extra cost to that yeah there is i would

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assume so it's like i i want to say the fee is

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seven thousand dollars to go and have that consultation

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and then any changes that you make in there will

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be based off of our regular design studio you

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know upgrade costs and A lot of people go do

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like four or five car garages and make the garages

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double deep or will pop out bedroom walls and

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make sure bedrooms are bigger, you know, all

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sorts of things like that. Put basement apartments

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in. There's a ton of ways that you can get really

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creative to change the floor plan. Speaking a

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little bit of finances, what, just walk us through

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condo, townhome, single family. What do prices

00:12:40.320 --> 00:12:42.720
typically look like for someone? Great question.

00:12:43.240 --> 00:12:45.860
So Edge has what they call a base price and then

00:12:45.860 --> 00:12:48.470
we have like a spec home price. The base price

00:12:48.470 --> 00:12:50.129
is if you were to go through and do that build

00:12:50.129 --> 00:12:53.490
process and it starts at zero upgrades or options

00:12:53.490 --> 00:12:55.730
and then goes all the way up to you know where

00:12:55.730 --> 00:12:58.549
we do our spec homes we will include the design

00:12:58.549 --> 00:13:01.389
upgrades or options in that price. So I'll just

00:13:01.389 --> 00:13:05.149
do base prices for simplicity. For condos we

00:13:05.149 --> 00:13:07.990
our starting price for condos is going to be

00:13:07.990 --> 00:13:10.029
300 ,000 about there may be a couple that you

00:13:10.029 --> 00:13:13.129
can go and get down to 290 or so depending on

00:13:13.129 --> 00:13:15.450
the incentive that Edge has available and maybe

00:13:15.789 --> 00:13:18.210
Instead of having Edge cover closing costs, you

00:13:18.210 --> 00:13:20.389
have Edge reduce the purchase price, and you

00:13:20.389 --> 00:13:24.049
can get a condo starting as low as $290. And

00:13:24.049 --> 00:13:26.029
then in some of our more expensive areas and

00:13:26.029 --> 00:13:27.629
communities, condos are going to be as high as

00:13:27.629 --> 00:13:31.110
$400 ,000, depending on which floor it is, how

00:13:31.110 --> 00:13:35.129
nice the unit is, and obviously location. So

00:13:35.129 --> 00:13:38.450
that's condos. Three to four is a good range

00:13:38.450 --> 00:13:41.480
for that. So townhomes base prices are going

00:13:41.480 --> 00:13:44.419
to start in the low to mid 400s again depending

00:13:44.419 --> 00:13:47.879
on the area and we'll go all the way up to low

00:13:47.879 --> 00:13:51.159
500s. So you know Salt Lake County, Riverton

00:13:51.159 --> 00:13:53.379
area is going to be a little bit more expensive

00:13:53.379 --> 00:13:56.480
than like South Utah County, Mapleton or Eagle

00:13:56.480 --> 00:13:59.759
Mountain. And then there's tons of customization

00:13:59.759 --> 00:14:02.399
offered for the townhomes. With the condos Edge

00:14:02.399 --> 00:14:04.899
does those all the same. They just have a few

00:14:04.899 --> 00:14:07.370
different color palettes. But as far as quality,

00:14:07.429 --> 00:14:08.870
all of them are going to be the same. It's just

00:14:08.870 --> 00:14:11.049
going to be changing colors. With townhomes,

00:14:11.049 --> 00:14:14.750
they have as many upgrade or design options as

00:14:14.750 --> 00:14:16.769
a single family does for the interior of the

00:14:16.769 --> 00:14:19.289
home. So you can really get creative on how you

00:14:19.289 --> 00:14:21.210
do it on finishing the basement. You can have

00:14:21.210 --> 00:14:24.529
super classical style or super modern, transitional.

00:14:24.750 --> 00:14:27.269
You know, you can really just design that townhome

00:14:27.269 --> 00:14:30.149
to fit your specific tastes. And again, we offer

00:14:30.149 --> 00:14:32.250
a ton of those as specs where you can buy them

00:14:32.250 --> 00:14:34.250
quick move in or some that you can go through

00:14:34.250 --> 00:14:37.279
and do the full design process. With single -family

00:14:37.279 --> 00:14:39.799
homes our prices are going to be starting, you

00:14:39.799 --> 00:14:41.720
know high four hundreds and then you can go all

00:14:41.720 --> 00:14:44.179
the way up to a million plus Depending on the

00:14:44.179 --> 00:14:45.960
floor plan and how many upgrades and things you

00:14:45.960 --> 00:14:48.740
do Generally our spec homes will have between

00:14:48.740 --> 00:14:50.659
thirty and fifty thousand dollars of upgrades

00:14:50.659 --> 00:14:53.240
When people go through the design center, generally

00:14:53.240 --> 00:14:56.960
they pick a little bit more than that So I would

00:14:56.960 --> 00:14:59.240
take care when looking at a base price versus

00:14:59.240 --> 00:15:01.820
you know what your final price might actually

00:15:01.820 --> 00:15:08.049
be because a design center can Yes, a ton of

00:15:08.049 --> 00:15:09.970
variety at Edge. I would say we have as much

00:15:09.970 --> 00:15:11.970
or more variety than any builder in the state.

00:15:12.549 --> 00:15:14.129
For someone that's watched the show a couple

00:15:14.129 --> 00:15:17.710
weeks ago, we walked through in Mapleton, the

00:15:17.710 --> 00:15:19.429
single family that was just in the parade of

00:15:19.429 --> 00:15:22.470
homes. For that one that has a ton of customization,

00:15:23.149 --> 00:15:26.610
do you know roughly the price of that one? So

00:15:26.610 --> 00:15:28.649
roughly the price. I don't know the exact because

00:15:28.649 --> 00:15:31.110
it didn't give us the exact number of how many

00:15:31.110 --> 00:15:33.820
upgrades they put in that house. But based off

00:15:33.820 --> 00:15:36.799
of my experience, I would say that Edge, if you

00:15:36.799 --> 00:15:39.580
were to go design that exact home, you would

00:15:39.580 --> 00:15:44.019
end up at $950 to $1 ,050 ,000. For these Edge

00:15:44.019 --> 00:15:46.759
communities, Nate, what kind of amenities do

00:15:46.759 --> 00:15:50.059
they provide? Things like clubhouses, maybe pools,

00:15:50.240 --> 00:15:53.419
that kind of stuff. Yeah, Edge does really incredible

00:15:53.419 --> 00:15:57.240
communities. I live in one myself and I utilize.

00:15:57.549 --> 00:16:00.169
basically everything that that has to offer edge

00:16:00.169 --> 00:16:03.029
will do it just it changes community to community

00:16:03.029 --> 00:16:05.210
but generally our communities will have some

00:16:05.210 --> 00:16:08.149
open space for parks almost all of them have

00:16:08.149 --> 00:16:10.429
pickleball courts the owners love pickleball

00:16:10.429 --> 00:16:12.570
we have them in our office our corporate office

00:16:12.570 --> 00:16:15.710
at draper and almost all of them will have a

00:16:15.710 --> 00:16:18.570
clubhouse or multiple clubhouses with gym rooms

00:16:18.570 --> 00:16:22.090
and a big pool The clubhouse has big gathering

00:16:22.090 --> 00:16:23.929
spaces you can reserve for events. I've seen

00:16:23.929 --> 00:16:26.009
birthday parties. I've seen literal weddings

00:16:26.009 --> 00:16:28.970
held at our clubhouses. They're nice enough to

00:16:28.970 --> 00:16:31.570
have a wedding. They've got a big kitchen so

00:16:31.570 --> 00:16:33.470
you can prepare food for the party or whatever

00:16:33.470 --> 00:16:35.730
event you're hosting. They've got office rooms.

00:16:35.789 --> 00:16:37.190
So if you wanted to have a business meeting,

00:16:37.210 --> 00:16:39.370
you can go and reserve the office room and have

00:16:39.370 --> 00:16:42.330
a big sit down meeting there. And then the gyms

00:16:42.330 --> 00:16:44.490
are great. I literally stopped. I canceled my

00:16:44.490 --> 00:16:47.330
VASA membership and just used the clubhouse gym

00:16:47.330 --> 00:16:49.230
because it has all the equipment that I need.

00:16:49.519 --> 00:16:52.019
And there's far fewer people there than at Vasa.

00:16:52.379 --> 00:16:55.919
Oh my gosh. Don't get me started on that. And

00:16:55.919 --> 00:16:57.799
it's already built into the cost. So like you're

00:16:57.799 --> 00:16:59.759
not paying extra and then you're not waiting

00:16:59.759 --> 00:17:02.440
for machines constantly. So a bunch of our communities

00:17:02.440 --> 00:17:04.819
will have like cool walking trails, hiking trails,

00:17:04.819 --> 00:17:07.599
and some of them will have community internet

00:17:07.599 --> 00:17:09.880
packages where you've got like a 50 % discount

00:17:09.880 --> 00:17:13.119
on fiber internet. So just, it really depends

00:17:13.119 --> 00:17:15.119
on the community, but Edge does a really great

00:17:15.119 --> 00:17:19.099
job at creating a community feel like that's

00:17:19.099 --> 00:17:21.160
what the owners really focus on is they want

00:17:21.160 --> 00:17:23.579
a cool community, not just to crank out houses.

00:17:24.140 --> 00:17:26.140
They want to build a place where everybody enjoys

00:17:26.140 --> 00:17:28.799
living and wants to live for a long time. And

00:17:28.799 --> 00:17:30.740
yeah, I spent a ton of time hiking the trails

00:17:30.740 --> 00:17:32.940
in my community. I go do walks with my wife almost

00:17:32.940 --> 00:17:35.779
daily and we'll go to the gym and we'll take

00:17:35.779 --> 00:17:38.039
the kids to the pool. And they're just they're

00:17:38.039 --> 00:17:42.569
really designed to be well utilized. That's perfect

00:17:42.569 --> 00:17:45.190
and even just walking through them you can feel

00:17:45.190 --> 00:17:48.329
the community aspect of them there's always people

00:17:48.329 --> 00:17:50.869
out whether that's going through the clubhouse

00:17:50.869 --> 00:17:53.970
or at the pool it's an amazing place for kids

00:17:53.970 --> 00:17:56.309
especially just because there's so many kids

00:17:56.309 --> 00:17:58.690
around often they're really close to schools

00:17:58.690 --> 00:18:01.670
which is perfect but I just want to jump Back

00:18:01.670 --> 00:18:04.230
into construction process just a little bit.

00:18:05.170 --> 00:18:08.529
What kind of technology are they using in the

00:18:08.529 --> 00:18:12.430
homes? Either energy efficiency or smart tech,

00:18:12.950 --> 00:18:15.130
any of that kind of stuff that stands out? Good

00:18:15.130 --> 00:18:17.789
question. As far as like smart home gear goes,

00:18:17.990 --> 00:18:20.089
Edge leaves that mostly up to the homeowner.

00:18:20.390 --> 00:18:23.470
With technology changing so fast and Edge wanting

00:18:23.470 --> 00:18:26.390
to have such a streamlined process, doing smart

00:18:26.390 --> 00:18:29.529
home and incorporating that, you go and make

00:18:29.529 --> 00:18:32.460
a deal with some sort of equipment provider and

00:18:32.460 --> 00:18:34.559
then that equipment is outdated in six months

00:18:34.559 --> 00:18:36.240
right when it starts getting rolled into the

00:18:36.240 --> 00:18:38.779
home so that can get pretty complicated for a

00:18:38.779 --> 00:18:42.599
builder so we I mean we'll do high -speed internet

00:18:42.599 --> 00:18:44.640
and Ethernet cables throughout the house and

00:18:44.640 --> 00:18:47.619
you know like our garage doors are smart compatible

00:18:47.619 --> 00:18:49.640
smart home compatible and same with our thermostats

00:18:49.640 --> 00:18:52.619
but apart from that any smart home changes you

00:18:52.619 --> 00:18:54.200
want to make it's going to be left up to you

00:18:54.200 --> 00:18:56.140
just because it's too hard to do that at scale

00:18:56.140 --> 00:18:59.410
and to stay on top of it Energy efficiency and

00:18:59.410 --> 00:19:02.170
other technology like Edge does tankless water

00:19:02.170 --> 00:19:04.450
heaters and everything that we have. So you never

00:19:04.450 --> 00:19:08.349
are heating a 50 gallon pot of water 24 -7. You're

00:19:08.349 --> 00:19:10.509
just not wasting the gas and the energy to do

00:19:10.509 --> 00:19:14.349
that. You are heating water as you use it and

00:19:14.349 --> 00:19:17.130
it holds up to all of the bathrooms being used.

00:19:17.390 --> 00:19:20.750
It really is great. Our furnaces are 95 % high

00:19:20.750 --> 00:19:23.630
efficiency furnaces. For example, you know the

00:19:23.630 --> 00:19:25.890
house that I moved from was built by a different

00:19:25.890 --> 00:19:30.369
company and was from 2014 and Had an 80 % efficient

00:19:30.369 --> 00:19:33.170
furnace and it was 3 ,500 square feet. The house

00:19:33.170 --> 00:19:36.009
I just moved into is 5 ,000 square feet with

00:19:36.009 --> 00:19:39.170
the new furnaces and my Electricity bill in the

00:19:39.170 --> 00:19:42.609
summer has been a hundred dollars less of a house's

00:19:42.609 --> 00:19:48.319
1 ,500 square feet That's huge. It's a huge difference.

00:19:48.599 --> 00:19:51.180
Those efficient furnaces, 95 % efficient furnaces,

00:19:51.220 --> 00:19:53.400
really will save you a lot of money. Well, that

00:19:53.400 --> 00:19:55.140
was a great explanation. I hadn't even thought

00:19:55.140 --> 00:19:57.420
about that as far as a builder's standpoint.

00:19:57.599 --> 00:20:00.480
So that makes total sense that it has to be streamlined.

00:20:01.339 --> 00:20:04.160
And as far as staying up to date, it was a great

00:20:04.160 --> 00:20:08.440
explanation. What kind of incentives does Edge

00:20:08.440 --> 00:20:10.779
like to do? I know they change all the time,

00:20:11.279 --> 00:20:13.500
but compared to maybe some other builders or

00:20:13.500 --> 00:20:16.440
market, what does Edge like to do typically?

00:20:17.000 --> 00:20:20.220
I'll tell you what, Edge is taking over market

00:20:20.220 --> 00:20:23.400
share right now in Utah with our incentives.

00:20:23.880 --> 00:20:28.180
Last month, we sold 150 houses, and talking to

00:20:28.180 --> 00:20:31.180
other builders, they are struggling to get any

00:20:31.180 --> 00:20:33.960
sales. They are in the tenths of sales, not the

00:20:33.960 --> 00:20:36.079
hundreds of sales a month. The incentives that

00:20:36.079 --> 00:20:37.880
Edge is currently offering are some of the best

00:20:37.880 --> 00:20:40.299
I've ever seen, and I don't know when, how long

00:20:40.299 --> 00:20:42.240
this will stay. It could stay for the next six

00:20:42.240 --> 00:20:44.579
months or it could be gone next month. But right

00:20:44.579 --> 00:20:47.079
now on Quick Move Ins, they are offering a 9

00:20:47.079 --> 00:20:51.500
% seller credit and a 5 .49 % interest rate through

00:20:51.500 --> 00:20:55.500
our preferred lender. Whoa. Yeah, it's insane.

00:20:55.619 --> 00:20:57.279
It's the best incentive I've ever seen offered

00:20:57.279 --> 00:21:00.000
in my nine -year real estate career. Right now

00:21:00.000 --> 00:21:02.140
interest rates are around 6 .5 percent that's

00:21:02.140 --> 00:21:04.079
like kind of the meat like the median or par

00:21:04.079 --> 00:21:06.799
rate average rate so we're going one percent

00:21:06.799 --> 00:21:10.619
down from that to a 5 .49 and doing nine percent

00:21:10.619 --> 00:21:12.660
of the purchase price of the house we are giving

00:21:12.660 --> 00:21:15.480
back to you to use how you would please you can

00:21:15.480 --> 00:21:17.680
take that off the price you can so you can just

00:21:17.680 --> 00:21:20.140
do a straight price reduction you can use that

00:21:20.140 --> 00:21:22.880
to buy down your interest rate even further cover

00:21:22.880 --> 00:21:26.579
closing costs prepay the hoa there's there's

00:21:26.579 --> 00:21:28.630
a a lot of ways to get really creative with that

00:21:28.630 --> 00:21:31.269
much money and usually people will do a combination

00:21:31.269 --> 00:21:34.849
of all the options. So for people listening reach

00:21:34.849 --> 00:21:37.710
out because these incentives do not last very

00:21:37.710 --> 00:21:41.309
long and like Nate said that is huge nine percent

00:21:41.309 --> 00:21:43.890
of the purchase price that you can use however

00:21:43.890 --> 00:21:47.150
you want plus an interest rate that's lower than

00:21:47.150 --> 00:21:51.769
average. I don't know what to say if people aren't

00:21:51.769 --> 00:21:54.410
jumping on that one. I know it's hard because

00:21:54.410 --> 00:21:56.690
it's like I'm a I'm a salesperson so I'm sitting

00:21:56.690 --> 00:21:59.529
here going this is really really good trust me

00:21:59.529 --> 00:22:02.029
but like people immediately don't trust because

00:22:02.029 --> 00:22:04.349
it's coming from me as a salesperson but it really

00:22:04.349 --> 00:22:07.930
is the best incentive I've ever seen and so you

00:22:07.930 --> 00:22:09.869
know if you are considering getting into a home

00:22:09.869 --> 00:22:11.789
but you're you know wanting to wait for interest

00:22:11.789 --> 00:22:14.670
rates to start coming down like that 5 .49 is

00:22:14.670 --> 00:22:17.470
a 30 year fixed rate plus you can use that 9

00:22:17.470 --> 00:22:19.130
% to go buy it down a little bit further you

00:22:19.130 --> 00:22:21.720
could probably go get it down to a 5 % Depending.

00:22:22.960 --> 00:22:25.680
I don't want to make any promises here because

00:22:25.680 --> 00:22:27.900
it all depends on your credit and your situation.

00:22:28.420 --> 00:22:31.220
But yeah, it really is. I'm looking at buying

00:22:31.220 --> 00:22:33.240
a couple of investment properties myself using

00:22:33.240 --> 00:22:37.980
this incentive because it has made these homes

00:22:37.980 --> 00:22:41.759
the best opportunity I've seen for Edge product

00:22:41.759 --> 00:22:45.579
in the four years I've been here. So other than

00:22:45.579 --> 00:22:47.700
jumping on this incentive that Edge has going

00:22:47.700 --> 00:22:52.900
on right now, what other advice do you have specifically

00:22:52.900 --> 00:22:56.619
for first time home buyers? That's a good question

00:22:56.619 --> 00:22:58.819
and a super important one. I think there's a

00:22:58.819 --> 00:23:02.359
lot of misconceptions about the home buying process

00:23:02.359 --> 00:23:05.440
for first time home buyers. People hear Dave

00:23:05.440 --> 00:23:07.619
Ramsey saying, oh, you know, don't let the house

00:23:07.619 --> 00:23:10.910
be more than a quarter of your income. you know

00:23:10.910 --> 00:23:13.450
have 20 to 25 percent as a down payment or buy

00:23:13.450 --> 00:23:16.289
it in cash and the truth is that just is not

00:23:16.289 --> 00:23:18.589
attainable for 99 percent of the population.

00:23:19.170 --> 00:23:22.470
What I tell people is that waiting several years

00:23:22.470 --> 00:23:25.269
to save up a down payment will cost you so much

00:23:25.269 --> 00:23:27.910
more than it will help you in the long run. I've

00:23:27.910 --> 00:23:30.150
watched clients do this several times in my career

00:23:30.150 --> 00:23:33.470
where they you know told me you know we We're

00:23:33.470 --> 00:23:34.950
interested, but we're gonna stop looking so we

00:23:34.950 --> 00:23:37.269
can save for a couple years and save up or down

00:23:37.269 --> 00:23:39.890
payment and improve our credit. So while they

00:23:39.890 --> 00:23:42.589
could have bought a home, they decide to wait

00:23:42.589 --> 00:23:45.589
and keep renting while they save. And the time

00:23:45.589 --> 00:23:48.390
that it takes to save up that down payment, home

00:23:48.390 --> 00:23:51.809
prices have appreciated 10, 15%, interest rates

00:23:51.809 --> 00:23:54.809
have changed, and now they can't buy a home period,

00:23:55.190 --> 00:23:56.789
even though they thought they were making the

00:23:56.789 --> 00:23:59.390
smart decision. initially they ended up being

00:23:59.390 --> 00:24:01.569
left behind in the market. So I say as soon as

00:24:01.569 --> 00:24:03.730
you can afford to buy a home I recommend people

00:24:03.730 --> 00:24:06.990
to do it because you know the history of the

00:24:06.990 --> 00:24:10.009
United States home prices always go up in the

00:24:10.009 --> 00:24:12.569
long term. There may be short market dips but

00:24:12.569 --> 00:24:15.289
they have always gone up and I believe they will

00:24:15.289 --> 00:24:17.390
continue to do so. I don't see an end in sight

00:24:17.390 --> 00:24:19.309
for that just like I don't see an end in sight

00:24:19.309 --> 00:24:22.049
for the government to print money and inflation

00:24:22.049 --> 00:24:26.069
to you know stop going up so it's it's uh the

00:24:26.069 --> 00:24:28.950
sooner the better is my biggest piece of advice.

00:24:29.549 --> 00:24:32.210
Well we we talk about that all the time on this

00:24:32.210 --> 00:24:35.369
show just like you said we've had lenders on

00:24:35.369 --> 00:24:38.490
talking about the same thing the broker that

00:24:38.490 --> 00:24:41.390
I work with talking about the exact same thing

00:24:41.390 --> 00:24:44.599
if you talk to any real estate professional For

00:24:44.599 --> 00:24:47.859
the most part, I think they will advise a very

00:24:47.859 --> 00:24:50.579
similar thing. So great advice, Nate. Thank you

00:24:50.579 --> 00:24:53.359
so much for being with us today. Again, if anyone

00:24:53.359 --> 00:24:55.839
wants to come check out these model homes, reach

00:24:55.839 --> 00:24:59.819
out to me. I'd love to take you through, introduce

00:24:59.819 --> 00:25:02.039
you to Nate. The edge buying process is really

00:25:02.039 --> 00:25:06.720
amazing. So any last words or? No, thanks for

00:25:06.720 --> 00:25:08.279
having me Will. It was a pleasure to be on here.

00:25:08.299 --> 00:25:10.849
And yeah, I hope I... If anybody's interested

00:25:10.849 --> 00:25:13.309
or any questions at all, my full -time job is

00:25:13.309 --> 00:25:15.529
answering questions on real estate, specifically

00:25:15.529 --> 00:25:18.710
about Edge. So never hesitate to call and just

00:25:18.710 --> 00:25:20.549
check and see what the incentives are, what the

00:25:20.549 --> 00:25:23.710
good opportunities are, because you might not

00:25:23.710 --> 00:25:26.589
know what kind of home you could be buying right

00:25:26.589 --> 00:25:28.430
now just because you don't know what you don't

00:25:28.430 --> 00:25:32.170
know. So call and ask. Love it. Perfect. Thank

00:25:32.170 --> 00:25:34.349
you so much, Nate. We'll catch you again. Thanks,

00:25:34.430 --> 00:25:37.799
Phil. Talk to you later. Alright guys, that's

00:25:37.799 --> 00:25:41.019
the end of this audio podcast for today. We also

00:25:41.019 --> 00:25:43.460
have a video version of this podcast on YouTube.

00:25:43.920 --> 00:25:46.119
At the end of the video version, we also include

00:25:46.119 --> 00:25:48.680
a home tour each week. So if you want to check

00:25:48.680 --> 00:25:50.799
out those home tours, hop over to YouTube, The

00:25:50.799 --> 00:25:53.359
Dirt on Real Estate. But as always, thank you

00:25:53.359 --> 00:25:55.619
guys for listening. We'll be back next week with

00:25:55.619 --> 00:25:56.019
more dirt.