Terrica Wright is a native of Atlanta, Georgia. She is a full time Realtor with Terrica Wright Real Estate of Palmerhouse Properties. Terrica is an entrepreneur to the core. Having been raised by a father who was an entrepreneur, Terrica grew up most of her life watching the example of a mother and father who hustled to make ends meet, so naturally she took the entrepreneurial leap of faith and left her job at the tender age of 25 and has never looked back. With almost 10 years in business under her belt she has landed on a few rough spots over the years. She has faced challenges that have turned out to be some of the most ultimate blessings and lessons in her life. These lessons and experiences have been so advantageous that she has decided to share them with the world, more specifically, other entrepreneurs like herself, in the form of a podcast called The Terrica Wright Podcast, is scheduled to release in the fall of 2018. In addition to her real estate and podcast endeavors, she is also an author of a self help book called “The Transition: From It Girl to Woman of Distinction”. In this book, she talks about her transition from being consumed with what everyone else thinks to being ultimately focused on what and who God says she is in order to pursue her purpose in this life.
I am so honored to have Terrica share with us some tips and advice on real estate, especially since it’s many of us, millennials, are looking into purchasing homes and investing in the real estate industry. Read below some of the gems Terrica blesses us with.
What are 5 (or more) tips or pieces of advice you would give to an aspiring 1st time buyer? What is it he or she should have or need to be successful/
Five tips that I’d provide to a first time home buyer or anyone interested in purchasing a home is to:
1. Focus on your credit score! A 640 or better should be your target. This score can open up many opportunities for a better deal on your home purchase such as: 0 down payment, best interest rates, and conventional financing.
2. Don’t write off your income. I know that writing off income sounds like a good thing, but not when you are interested in purchasing a home. The financing institution can only approve your loan amount based on the amount of income your report that you actually earned.
3. Get a great agent! Don’t choose an agent just because you know them or “like” them. You want to make sure you choose an agent based upon their level of integrity, knowledge of the local market, knowledge financing options available to you, their willingness to meet you at your point of need, and their experience.
4. Save, save, save. A good place to start if your are looking to purpose a home is a bare minimum of $5000 in savings.
5. Be flexible. Many buyers come into the process having an idea of what they want, which is a great thing, however there are many twists and turns in the process of purchasing a home and it is imperative to keep an open mind as you shop in order for us to lead you to the perfect home for you.
Bonus Question: what are 5-10 Essential Items or things Terrica must have or do to make Her day great?
I love this question, because in success there is a routine that each individual must established. There are habits of success! And a few of my success habits consists of:
1. Daily meditation. I meditate to center myself and find that place of calm and tranquility where my creative genius flows.
2. Journaling. I journal to empty myself. Sometimes there isn’t anyone to call on, and that’s when I crack open my journal and I write all my thoughts, feelings, ideas, and even prayers. Journaling has been one of the most powerful tools that I’ve employed along the way. After journaling I feel very light and airy; almost as if I’ve emptied myself of fear, anxiety, frustration and become ready for God to fill me with his purpose again.
3. Educating myself on my craft. I am constantly reading books and listening to podcasts on self development, real estate, and business. I understand the importance of being knowledgeable in my field as it is a part of being the absolute best professional and person that I can be.
4. Exercise. While I am still working to become more consistent with me workouts, I understand its importance. Working out and exercise is a form a stress relief and the epitome of maintaining a healthy temple. I often liken exercise to another form of praise and worship to God.
5. Maintain only healthy relationships both personally and professionally. Many would like to believe that our personal and professional life must be separate, but I’m inclined to believe that who we are personally directly affects who we are professionally. So, in maintaining healthy relationships that means ridding ourselves of people who are energy suckers, and pouring into people who pour into us. Simple as that. You are only as good as the people you keep around you.
Follow Terrica on instagram [@terrica.wright] and show love!
