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Season 2 E206 - STEP SIX - Setting Your Goals

Season 2 E206 - STEP SIX - Setting Your Goals

FromHow to Buy a Home


Season 2 E206 - STEP SIX - Setting Your Goals

FromHow to Buy a Home

ratings:
Length:
49 minutes
Released:
Nov 2, 2023
Format:
Podcast episode

Description

While you did a lot of the heavy lifting in Steps 1-5, Steps 6-10 are still vital parts of the process. In this episode, David discusses the importance of setting clear goals throughout this home-buying process so you can be on your way to home ownership success. Check it out and learn some insider tricks along the way.
Here are some takeaways from today’s conversation:
Why setting goals is an important part of the process
What does buying a home mean for you and your future?
How to use these goals as part of your planning process
Learn some industry insider tips and tricks 

Episode Highlights:
[02:05] How to Get Started With This Step
There are two major factors when it comes to setting your goals. We’ll call them Goals 1 and Goals 2:
Goals 1: This is the goal of the purchase. What does buying this home mean for you today and what does it mean for you and what you want to in five years?
Goals 2: This is using goals as part of your planning process. 

When you and your partner decide on unified goals, it makes the rest of the planning process MUCH less stressful and allows you to actually enjoy the journey of buying your first home, either by yourself or together. 
[04:55] Goals 1
This factor addresses the big picture behind buying a home and sets a strong foundation for Goals 2. When you’re figuring out your goals for buying a home, you’re not just looking at a page out of the paybook - you’re creating the whole freaking personal manual. When you’ve decided with your professional guides what your best dream scenario is, then you can start home shopping with your personal manual to help you. Remember, some of these are emotional goals, but a lot of them are financial. You need to decide how you’re going to set yourself up and your family up for the future. Does this mean buying a home that you’ll turn into a rental? Does it mean that you’re buying a home that you’ll update and resell? These are all important questions you need to ask.
[36:55] Goals 2
This step is a lot more straightforward than Goals 1 and we’re kind of stepping back for this one. Talk to your professional to get these three numbers:
Credit score 
Debt reduction
Savings
Once you have these three numbers, then you can start planning. Share them with your unicorn team to start setting your goals (this helps you with accountability, too). AND don’t forget that setting smaller goals along the way allows you to celebrate your victories because, guess what, buying a home is stressful. In fact, it’s one of the most stressful things you’ll do in your life. So, taking time to celebrate the small wins will keep up your morale even when the going gets tough. 
Released:
Nov 2, 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!