WHY WOULD I NEED A SPECIFIC REALTOR AS A RESIDENT (OR FELLOW) PHYSICIAN

Don’t all realtors do the same thing…they show you houses and sell you a house right ? So why would I need someone who “specializes” in working with physicians.  Cant I buy or sell a house with any realtor….well, the short answer to that is yes you can.  The long answer is that If you desire to make the most of your time and money and avoid potentially costly mistakes…you want someone who understands all of the nuance of being a newer physician and the potential roadblocks during your homebuying or home selling journey .

WE HELP YOU SAVE THOUSANDS WITH THE BEST PHYSICIAN LOAN PRODUCTS: Let’s start off with the reason with the largest possible financial impact, the one that has the potential for you to waste literal tens of thousands of dollars over the course of your training.  Physician Realtors, like our team, have a client base that is majority or ONLY physicians and for this reason we are able to spend much more time researching the details of every physician lender out there and ALL of their loan products.  We check in frequently with dozens of lenders with physician loan products to stay up to date on who has the best interest rates and terms for our clients. A team that doesn’t specialize in physicians simply can’t dedicate that amount of time to ongoing research about one specific type of loan product. By staying up to date on this, we are consistently able to connect clients with physician lenders that have 0% down programs with low fees and no PMI AND interest rates 1-2% below the going market rate. For perspective, the lower interest rate alone saves them an average of $4000-$5000 per year!

WE WON’T LET YOU OVERSPEND ON A HOUSE: Secondly, because we understand the financial burden that most graduating medical students face…we take that into consideration when advising on housing options.  Often times, because of the exceptions granted in physician loan products new docs will be approved for more than they should reasonably spend.  We help provide context based on our understanding of your financial position, residency salary, and our vast experience with resident physicians .  Our goal is NOT to sell you the most expensive house that you can “qualify for” , but to help you achieve home ownership in alignment with your financial health and long term financial goals.

WE SPEAK THE SAME LANGUAGE: While it may not seem like a big deal, having someone who understands the physician career cycle and what this time in your life means, is incredibly comforting while going through the process of buying your first home.  Not having to explain that a resident IS a doctor, or how being on call works, or how MATCH day has sorted you into this location, or what your program timeline means for your move is incredibly helpful and creates a much smoother process. It also means that your realtor understands the possibilities that come along with training, the limited amount of time and energy you’ll be able to dedicate to maintenance, and the potential that you may have to or desire to relocate within 3-7 years.  Their understanding of this allows them to advise you based on their market expertise about resale values, moving timelines, and return on investment.

WE SAVE YOU TIME AND ENERGY: Most Physician Realtors also understand that the limited time you have means that we must spend more time on vetting potential properties on your behalf and on providing you with insights into neighborhoods and markets that you aren’t familiar with.  We will have materials, resources, and advice from fellow residents available for your consumption. We will preview homes to identify red flags and deal breakers before you spend time on your day off or your singular visit to the city viewing those homes.. ,This avoids the time spent “wandering” while looking for a home, and provides a solid foundation for where to start your search! Based on our 12+ years of experience in real estate and our first hand experiences as med spouses, physicians, and healthcare professionals we know how critical it is to preserve your time and energy and we have tested and proven strategies to achieve that.

Ultimately, a deep understanding of your position and the ability to deeply research matters that specifically concern you puts us ahead of the game when it comes to anticipating your needs and circumventing potential challenges during the process of buying or selling your home.