177 - How to win in BIDDING WARS in 2023 – Part 3
How to Buy a Home: The #1 First Time Home Buyer Podcast
David Sidoni
4.8 • 891 Ratings
🗓️ 13 April 2023
⏱️ 41 minutes
🧾️ Download transcript
Summary
Alright, folks, David Sidoni is here for the last part in his three-part mini series about BIDDING WARS. Check out this final installment to learn all about getting loans, making your offer stand out to sellers, and how to navigate buying a newly built home.
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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 | Well, here we go. |
| 0:05.6 | You asked for it. |
| 0:06.5 | You got it. |
| 0:07.1 | The exciting conclusion of the Bidding War miniseries that has everyone on the edge of their seats. |
| 0:11.9 | And those butts in those seats are puckered up like a toddler's mouth with a Sour Patch kid. |
| 0:18.4 | Bidding Wars 2023, part three, let's do this. |
| 0:22.8 | What is up my how to buy a homies? |
| 0:42.4 | David Sidoni here, your first time buyer champion. |
| 0:44.6 | And this is part three of our series. |
| 0:47.9 | Now, usually part three, I'm going to recap parts one and two, but no time today. |
| 0:53.0 | You know how to go back and listen to them on your |
| 0:54.8 | podcast so let's finish this all right part three is going to start with our next tip loan tricks |
| 1:00.7 | now the reason that the loan tricks are so crucially important is that 20% of all contracts |
| 1:08.2 | don't close and of those 20% that don't close 80% of them don't close. And of those, 20% that don't close, 80% of them don't close because |
| 1:14.4 | of issues with the buyer's loan. So what you do and what you can do with the loan and the loan |
| 1:23.9 | presentation with your offer can make a huge difference and get you to the top of the pile. |
| 1:30.7 | Now, there's one trick you can use if you get into a really intense battle, |
| 1:35.2 | and it's one that you have to fully understand with discussions with your unicorn team, |
| 1:38.9 | both your realtor and your lender, before you ever go out and look at one house. |
| 1:43.0 | And yeah, gang, hate to say it, but as we're |
| 1:45.3 | moving forward now, you probably should be expecting a battle here in 2023 because say it with me, |
| 1:51.4 | low inventory. So one of the really tricky, tricky hacks you can do is waiving your appraisal. |
... |
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