137 - First Time Home Buyer Terms And Definitions from A-Z – “P” Part 2
How to Buy a Home: The #1 First Time Home Buyer Podcast
David Sidoni
4.8 • 891 Ratings
🗓️ 20 October 2022
⏱️ 22 minutes
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Summary
There is no magic pill to take when buying your first home. Your lender or realtor isn't going to break everything down for you. So take this definition so you can make this home-buying process as painless as possible. Tune in to part 2 of the "P terms and definitions" trilogy.
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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
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| 0:00.0 | Time for more terms and definitions to know when you're figuring out how the hell you buy a home. |
| 0:05.3 | This is the letter P, part two. |
| 0:08.4 | Let's go. |
| 0:27.6 | Hey, gang, what is happening my how to buy homies? |
| 0:30.7 | I love you, but I really cannot believe you all. |
| 0:38.9 | Seriously, I spent the last three and a half years grinding and researching and pouring my heart and soul into this podcast, dropping sick, sick knowledge and mad truth bombs. And it turns out the feedback I'm getting is more definitions. |
| 0:47.8 | Yeah, apparently you all really love it when I do these SAT vocabulary style episodes. |
| 0:53.3 | So you want a glossary. |
| 0:54.8 | Really? |
| 0:56.2 | Really? |
| 0:57.4 | So let me get straight. |
| 0:58.5 | I take all this time. |
| 0:59.4 | I break down the fiscal minutia of a changing economic landscape and how that affects |
| 1:03.8 | your monthly net income in regards to you paying for an empty liability your rent |
| 1:08.3 | versus paying for a theoretical asset that technically should |
| 1:12.2 | be labeled as a liability due to maintenance, but not when you factor in the variable of each |
| 1:17.1 | month's lost money while you're renting and when adding in the historical safe and positive |
| 1:21.7 | appreciation returns when you use your home in this long-term fiscal plan. But you just want more definitions. |
| 1:28.9 | Okay, fine. This is part two of the P episode. Remember, you can find all the podcast transcripts |
| 1:35.2 | at how to buy a home.com to find all the definitions from A to Z. Well, right now, probably just a P |
| 1:42.6 | because that's where I am. So for part two, on the P |
| 1:45.7 | turns, I'm going to have some real fun to start because the first definition gets pretty technical, |
... |
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