First-time buyer advice from Selling Sunset star Jason Oppenheim – tips for buying a house

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Selling Sunset follows the lives of the glamorous real estate agents working at The Oppenheim Group. When they’re not all bickering with each other or gossiping about their latest romances, the agents are hard at work trying to sell multi-million dollar homes. This includes Jason Oppenheim, who is not only a member of the Selling Sunset cast but the president of the famous brokerage The Oppenheim Group.

Whether you’re a first-time buyer or someone who is already on the property ladder, purchasing a house isn’t an experience everyone sails through.

From figuring out what kind of property would be best suited to your needs, to dealing with mortgage advisors and solicitors, it can be at times be a difficult and confusing process.

So who better to get advice from than the owner of the successful brokerage The Oppenheim Group?

Express.co.uk asked Selling Sunset’s Jason Oppenheim for his advice and top tips for when you’re scouting out your dream home.

What are Jason Oppenheim’s top tips for buying a house?

When questioned on what his advice would be for a potential buyer, Jason said: “There is always a mixture of quality of life and investment.

“So I think you’re going to buy a house and live in it then you have to work out how much you value your quality of life versus how much you value the investment.

“I always want the client to keep their investment cap…of course I think people should value quality of life but I think you need to be careful and to look at things.

“For example, maybe you aren’t interested in a yard, or a pool or a view or privacy but, I don’t talk people out of the things they like but I try to steer them towards what is a better long-term value.”

Jason continued: “Obviously, if they [clients] are about to make a decision with me, then where I have concerns about the investment, I’ll let them know.

“It’s harder for me to gauge and advice on quality of life as it’s very esoteric and personal but it’s very easy for me to advice on the investment.

“I tend to stay in my lane on that.”

The Oppenheim Group president also shared his views on whether or a completed property or one in need of renovations is best to purchase.

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Jason explained: “I have become much more of a believer that you should get a finished product for a lot of different reasons.

“When the market was booming, I think it was one thing to buy a property and to add value through a remodel but remodels have become more expensive just overall, materials, labour, everything.

“And I think the chasm between cost that it would be for just a normal person to do versus the cost it would take for the developer who is in this business to do the remodel, that has grown.

“So I tell my clients to leave it to the developer, they can do it at a much lower cost than you.

“Why? Because there is such a narrow profit margin right now in terms of doing remodels.”

Jason added: “So why spend six months of your life, maybe living somewhere else or living through the remodel, having to argue and deal with hundreds of decisions and stress, it would probably make no money.

“It’s hard to make money on a light remodel right now so I just tell people ‘let the people who know how to do that do it’.

“It’d be like buying a meal that’s not quite cooked, you’re not the chef, let the chef finish the meal and you get the perfect meal.”

Selling Sunset is available to watch on Netflix.

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