Things First Time Home Buyers Need to Know in 2022 | How to Buy A Home Ep #80

What's happening? Everybody out there scrolling on your phone or your computer, looking for the answers to the question, how do I buy a home? Well, in today's immediate gratification world, you can get some answers instantaneously right at your fingertips. But when it comes to buying a home, you're gonna be able to find lots of quick lists and tips at the click of a button or at the tap of a screen. So we're gonna talk about that. I got three years of content answering all the questions you could ever have about how to buy a home. But of course, buying a home, things change all. So I'm uploading once or twice a week now on YouTube. So hit that, like subscribe and don't forget to get your notifications so you'll find out exactly what's happening in the current market. What is happening? My how to buy a Homies. I am still David Sidoni and I'm here to help you crush the confusion and gain confidence in the home buying process. Knowledge is power and education, it's everything. And the goal is to help empower you. So with the flick of a finger, you can find a top three, top five or top ten list anywhere all over the Internet of things that you should always or never ever do when you're buying your first home. And I recommend that you educate yourself far beyond those lists. Do you know that when it comes to researching and buying a home, especially first time home buyers researching those simple top three, five or ten lists, do you know that they are the top most viewed and searched and read sites on Google? And they're at the top videos? If you're watching me on YouTube or if you're looking for those lists on YouTube, you're gonna find those at the very, very top of your search. I implore everyone out there to dive deeper than just a generic one size fits all list for the biggest financial decision of your life? Simply put, these lists, well, most of the time they're made to sell you something. They want to get clicks, they want to get views. That's what they want. Views, click subscribers. That's a means to an end. The bottom line is they work. They're at the top of the searches. I've already figured out these things work. So today we're going to help you make sure that you're getting the information that you want, not what they want, not just the answers to the headline that gets the most clicks. So let's dive right in. Question, how do you buy a home? Who knows, right? Oh yeah, I'm Supposed to. That's the name of my podcast. Here's the real top five things that every first time home buyer has to know. Love those headlines. Number one, a top five list is not going to tell you everything or even the most important thing for you. How can it? The list was made just for everybody. No one's asked you any questions and your situation is miles different from everyone else's. And anyone who tries to put everyone in the same box for the largest financial decision and the largest personal decision of anyone's life. I'm sorry, but that list is a sham. It's a fraud, it's uneducated, or it's really, really trying to get you to click on their link so they can capture you. My favorite marketing word. They want to capture you and get you to do business with them later. That's a them thing, not a you thing. Which leads me to number two on my list. Understand your goals. Your goals. Not the realtors, not the lenders or anyone else. Your goals. This is hard when it comes to buying a house because your goals are different than buying anything else in your world because you're mixing your financial world and your personal world. It's a very, very delicate balance. For first you have to understand the math of renting versus buying. And then you have to believe, believe in the math. And you know, this is a big decision for you and your family or, you know, even if your family's just a pet right now or some plants, I don't know, it's a big decision for you in the long run if you believe in the math and numbers. It's going to be easy for you to eventually come to the realization that you're going to have to, you know, maybe involve the C word. Compromise. You might have to compromise a bit, but you're going to figure out that this is the right home for your plan, both personally and financially. And that plan is yours. And it fits what your goals. Topic number three, rethink your research. Unlike the crotchety old boomers, which by the way, once again, still not a boomer. Gen X on the mic. Unlike those guys. I don't look at the younger generations and think that you're all entitled, that you don't understand the value of hard work. I'm in actually complete admiration of the millennials and the gen zers and their dedication to researching everything, not just blindly accepting whatever they get put in front of them. Now, that has a lot to do with the fact that you can research everything in, you know, the back of your Pocket. I had to go to my shelf and look at the encyclopedias. Do not make me explain what encyclopedias are again. So you're out there looking for the honest and real answers. And I learn all the time from the millennials how to do that. It's kind of cool. They show me how to dig deeper and spot the posers versus the people on the real real. I hope that everyone realizes that the amount of time understanding this how to topic should be proportionately, oh, a billion times more than the other how to topics that you research. Think of the magnitude of this topic compared to the other things that you research. You're really gonna spend the same amount of time shopping for this item or figuring out how to do this item. Then you figure out how to do. Fill in the blank of the last thing you did on the Internet. Think of the consequences, both the good and the bad that this decision is going to have on you and your family or your pets and your plants. All inclusive here. Then consider the sources where you got that information. Who are you getting the information from? What are they trying to do? Are they trying to sell you something? And who's trying to guide you to where you want to go? And how do they know if they haven't asked you? It's all about your goals. So that was ticket number three. Back to number two. Right? Three to two. Okay. Anyway, going on to topic number four on my killer list. You don't know it all and you shouldn't have to. There are a lot of first time buyers out there that end up second guessing their realtor and their lender and anybody else involved the transaction because they treat buying a home like they're buying a car. Some buyers think that, well, here's the deal, I've got the job, I've got money. And then they view the relationship of buying the house this way. Hello, realtor. We want a home. And just like when we bought a car we want, we know we can afford. So you show us the homes available at that price online, we'll pick some and then you show us the home and then you write the contract. Oh, and hello, Mr. Mortgage Person. Same thing for you. We have a job and we have money. So you get us a loan at the best price and we'll let you know we picked a home with our realtor and you get us that home. I get it. I mean, that's the way that I would buy a car too. But this is a different commodity. It's not a car because like you, I would have done that the same way because I did all the research before I walked onto the car lot. But this is a lot different buying a home. There are so many different factors involved and so many different things that change not only in your preparation but in the actual process itself. I mean so, so many. With the proper guidance you're going to come to realize that maybe you have options that you didn't even realize existed. Car lots that you never knew existed. It's like that payment options that you've never even heard of and negotiation tactics that you can't find on Google but that will really help you to reach what Say it with me. Your goals and number five. Number five, the top tip. Understand this is a game with the rules designed specifically against first time home buyers. And the top tip isn't to learn the top five things to always or never do when you're buying a house. Because saying that's the tip of the iceberg is underestimating the iceberg. So here it comes, the top tip number five. And this actually should have been tip number one. But I wanted you to realize your goals matter most. So here it comes, the real top tip. Even though it's number five. Find yourself a trusted team. They're going to help you beat the game. They exist and they love helping you beat the game because they know that it is slanted against you. And the good ones like me, well, not saying I'm good, I just mean the good ones think it sucks. And I think it sucks too. That's what I meant. So find yourself a trusted team. Now that doesn't always mean someone who has all the time in the world for you and treats you like a bestie because you know they might not actually be the best expert in the area for you. They might be great to hang out with at a happy hour, but maybe not the best guide or negotiator for you in the biggest purchase you're ever going to make in your life. A trusted team is going to help you with all the other top tips. The rest of the things that didn't get mentioned on those lists that get to the top of the search engines. They're going to ask questions about you and make your specific top five top ten truly top 50 things that you want to do for buying your first home. The most important things that you guys worry about, not anyone else's. They're going to help you with the deep dives on the research and the market history and they will know it all. But here's the thing about them. Maybe they'll know most of it. But to help you make sure that you're going to make an informed choice, if they don't know it, they know who to ask. Here's a little secret for you. Any good realtor can put three things that you should or should not do online. On TikTok, on Instagram, on a blog, on a YouTube video, anywhere. Do you know when I started in real estate? I've told you guys this before. When I first started, they hand me a list of 188 things that can go wrong in a real estate transaction. So yeah, any good agent can pick three always and nevers from that list. But you know who else can? Any bad realtor, there's 188 things to choose from. How hard is it to pick three? That's right. Any bad realtor or new realtor or any part time agent. And they're not the best choice for you and your family or your pets or your plants when you're trying to buy your first home. No matter how intriguing their clickbait was to you, a trusted guy doesn't mean that they seem cool with you, right? It doesn't mean that they vibe with you. Trusted means that they have been trusted and succeeded with other people. A lot of people think that trusting your real estate team means that they feel trustworthy to you. Actually what it means is that the person that you were working with or the team has been trained well and they're experienced. And because they're experienced, they've worked with several other clients and those clients trust their them they've been entrusted for the biggest decision of several other people's lives means they have a track record helping first time buyers and others have trusted them in the past. So you can trust them now. There are 3 million agents out there and there's only a million homes for sale right now. That's a lot of people who shouldn't be selling or helping people buy real estate. Trusted means someone who doesn't need to flex to show the world they're a pro. Their clients from years past, they flex for them. Trusted means they've been properly trained or they're working with a professional team that takes the process seriously with hands on leadership and team efforts. Trusted means they focus on people. They are people. Business, not a transaction business or even worse, oh, a call center. The business of real estate is broken. Period. I'll say it and I don't care. I don't give a damn what anybody thinks because I'm confident that enough people knew the way this really worked and the public would go all GameStop on the real estate game and crash the industry with a Reddit sub thread just like they did the stock market. I only wish that would happen. Seriously, I encourage it because you deserve better. The problem is there isn't a community of real estate enthusiasts online with the passion of the gamer community, not ready to come all together online and take down the establishment that's deceiving them and ripping off each and every new generation of buyers shows up. So, you know, since we can't do it instantly online like that, like the stock market coup that GameStop and Reddit took down. Well, I started this little show because I realized the revolution was going to have to happen one by one, just.