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E164: The Basics: 10 Steps to Buying Your First Home

E164: The Basics: 10 Steps to Buying Your First Home

FromHow to Buy a Home


E164: The Basics: 10 Steps to Buying Your First Home

FromHow to Buy a Home

ratings:
Length:
57 minutes
Released:
Mar 6, 2023
Format:
Podcast episode

Description

Buying a home for the first time can be overwhelming, but having a step-by-step process to follow can make everything clearer, right? WRONG. 
David Sidoni gets thousands of questions from first-time home buyers asking for a step-by-step list they can follow to buy a home. Unfortunately, everyone is a special snowflake with different starting points and circumstances, so having a one-size-fits-all rulebook isn’t really in the cards. But, since so many folks have asked, David did his best to give you the Chutes and Ladders version of his step-by-step plan.  
Here are some topics from today’s discussion:
Why every plan is individual
Deciding to buy a home is the vital first step
Why getting pre-approved is NOT the first step
How you can get started on your plan today

Episode Highlights:
[01:51] We All Start From a Different Square
Rolling with the board game analogy, it’s important to know that everyone’s 10 steps start from a different place on the board. You could be in a completely separate spot in life from someone else, which heavily influences your home-buying process. Knowing where you are on the board is the key to using it properly. 
[7:11] The First Two Steps to Success
In the 10 steps to buying a home for the first time, there are two steps that are not on the list that might shock you. The first one is getting pre-approved for a loan. The second is finding a realtor. Why?! Because finding a guide in your home-buying process is so so so important for this very reason - it covers both of these steps. DO NOT shop around for pre-approvals and rates first. Look for a realtor first who can talk you through the process. Instead, your first two steps should be:
DECIDE to buy a home. Yes, you need to be committed to the idea first.
Find a GUIDE. You also need to find someone who cares about you and knows the process to help you navigate these real estate waters. It doesn’t necessarily have to be a realtor, but needs to be someone who knows what’s up.
[27:24] These Steps Need to Happen All At Once
Working on your credit score, getting a handle on your debt, and working to save money are three steps that need to happen simultaneously to be effective. They’re also super easy to start right now. But, it’s most helpful to you if you consult your guide first to find out where you are on the board so you know where you’re going next.
Released:
Mar 6, 2023
Format:
Podcast episode

Titles in the series (100)

Looking for answers - Can I buy a home? How do I even do this? When should I start planning? Where should a first-time home buyer start? Right here. Real information from a real expert with clear answers to end your confusion. Guidance from industry insider, me, David Sidoni, the #HowtoBuyaHomeGuy. I’ll give you the playbook on the do’s and do not’s of buying your first home. From planning for the big step even years ahead of time, all the way to the nitty-gritty of getting your keys. If you’ve felt clueless about where to start, you are not alone because the real estate industry has either ignored first-time home buyers or handed them off to novice agents with little training or expertise – and that sucks for you. So get the info, including the dirty little secrets of real estate that will help protect you; as well as the crucial tips to help you plan for the entire process step by step. Tools, tips, and techniques, from my personal experience working with over 115 successful first-timers (as of July 2021), and hear success stories from some of the over 500 listeners all over the country that used this podcast to guide them to their dream.The real estate industry thinks first-time buyers suck, but I don’t. Get the ultimate “How To” that nobody with a clue is giving first-time home buyers. You deserve the truth. You deserve to be treated like the valued consumer that you are. If you’re sick of high rents, listen and you may find out you don’t have to be a renter as long as you think. Cut through the BS and end your confusion. You can do this!