175 - How to win in BIDDING WARS in the 2023 market
How to Buy a Home: The #1 First Time Home Buyer Podcast
David Sidoni
4.8 • 891 Ratings
🗓️ 7 April 2023
⏱️ 26 minutes
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Summary
After a crazy several months of high interest rates, inflation, a recession, and even a bank crisis, the housing market has gone through a lot of highs and (even more) lows. But, despite it all, demand for homes is still high, which means that bidding wars are BACK. So, how do you get your offer on top of the pile when the bidding gets tough? David tells all in this latest episode.
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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 | Holy crap, bidding wars. How do you get an offer accepted when you're a first time a home buyer? |
| 0:10.5 | Maybe you're even using a low-down payment and when you go see a home, the first day it's available, |
| 0:16.6 | you find out there are already in just a few hours, five, ten, twenty offers on that home. |
| 0:22.3 | Well, today we're going to give you the latest tricks, hacks, and tips to make you a winner-winner-winner chicken dinner. |
| 0:29.4 | Let's go. |
| 0:30.0 | Let's go. What is up my how to buy a homie's, David Sidoni back again with a sequel that no one was asking for. |
| 0:52.4 | Yes, we did it back in 2020. |
| 0:55.5 | We did it back in 2021. |
| 0:58.2 | We actually would be talking about this for decades. |
| 0:59.4 | Bidding wars. |
| 1:02.5 | Now, you might have thought they were gone, but they're back. |
| 1:07.1 | And they are as biddy, biddy bidding war as ever. |
| 1:10.2 | Actually, though, this is not really a sequel. |
| 1:12.0 | This isn't just the second time that we've been talking about this. Most people think that the bidding wars |
| 1:14.9 | became a thing after the pandemic. You know, they were like a 2020, 21, 22 phenomenon. |
| 1:22.1 | O contrary, my friend, this is not a 2020s phenomenon, bidding wars. |
| 1:28.5 | In fact, I have been dealing with bidding wars, helping first-time homebuyers, since around 2012-2013. |
| 1:37.6 | Yeah, bidding wars are a thing, but they are not a new thing. |
| 1:42.1 | A decade long, this has been happening. And for what reason? |
| 1:46.9 | Okay, how to buy a homies? Say it with me now. Low inventory. Yeah, so I'm really proud to say |
| 1:55.5 | the day's advice comes from 10 years of finding ways to help first-time homebuyers offers get pushed to the top of the |
| 2:03.9 | pile when you're dealing with bidding wars. First, before I get into all the tips and tricks and |
... |
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