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How to Buy a Home: The #1 First Time Home Buyer Podcast

116 - Interview With First-Time Home Buyers Whose Rent Went Up 90% In One Year BAILED On Renting!

How to Buy a Home: The #1 First Time Home Buyer Podcast

David Sidoni

Education, News, Business News, Investing, Business, How To

4.8891 Ratings

🗓️ 2 August 2022

⏱️ 31 minutes

🧾️ Download transcript

Summary

Jacob is a first-time home buyer who closed his property around mid-May. Discovering the How to Buy a Home podcast became a game changer for him. Tune in to learn how this first-time home buyer learned about the perils of online lenders, and the importance of finding the right team to get the job done and dump those stupid rents!


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This podcast was created for YOU - to cut through the confusion and empower you to buy your first home. Let's change how the real estate industry treats first-timers, one buyer at a time- starting with YOU!


Visit our Resource Center to "Ask David" AND get your FREE Home Buying Starter Kit!


David Sidoni, the "How to Buy a Home Guy," is a seasoned real estate professional and consumer advocate with over 18 years of experience helping first-time homebuyers navigate the real estate market. His podcast, "How to Buy a Home," is a trusted resource for anyone looking to buy their first home. It offers expert advice, actionable tips, and inspiring stories from real first-time homebuyers. With a focus on making the home-buying process accessible and understandable, David breaks down complex topics into easy-to-follow steps, covering everything from budgeting and financing to finding the right home and making an offer.


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Transcript

Click on a timestamp to play from that location

0:00.0

First time homebuyers, Jacob and his partner had been renting in the very expensive DC area for nine months.

0:06.2

When they moved in, they had just gotten there after rents had already increased 60% in their building.

0:13.7

So they were already paying that premium.

0:16.6

Well, after living there for nine months, they discovered their rents were going to be going up again in three months, another 30%.

0:23.8

So that means that they were looking to avoid that 90% increase over the last 12 months.

0:30.3

So thankfully, they had started to plan to buy a home.

0:33.5

Let's hear their story.

0:50.0

Music Let's hear their story. Welcome in, everybody.

0:51.0

This is one of your favorite episodes because we get to hear from a real-life

0:55.0

person, not just me rambling at you. I'm very excited today. We've got Jacob who's in from Denver.

1:02.7

That's right? Yep, that's correct. Awesome. So, well, everybody wants to know what's your story, man.

1:10.5

First time home buyer.

1:11.9

When did you close on your property?

1:14.0

Yeah, we closed back in mid-May.

1:16.0

So it's been about two months and moved in in early June.

1:19.7

So I've been in the place for about six weeks now, still getting settled and some projects to do, but nothing major.

1:25.9

So starting to feel like this is home.

1:28.7

All right. Tell us when you started your journey. Like when did you start thinking about,

1:33.7

oh, you know, everybody has a reason or an impetus. Was there something that got you started and got

1:38.4

you thinking about and when was it? How long did you take you to get here? Yeah, for sure. So my wife and

1:43.4

I actually lived in DC.C. We lived there for

1:46.2

about six years. And when the pandemic hit, we started thinking, I think like a lot of people,

...

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