256 - INTERVIEW: Navigating High Interest Rates & Scoring Big with Builder Incentives
How to Buy a Home: The #1 First Time Home Buyer Podcast
David Sidoni
4.8 • 891 Ratings
🗓️ 12 August 2024
⏱️ 40 minutes
🧾️ Download transcript
Summary
Jelly bought a home in a crazy market, got a $10,000 credit, and appraised $30,000 over asking. How? A unicorn team, smart decisions, and a little bit of luck. It wasn't easy, but it was definitely worth it.
Quote: "We really hit the jackpot. It was a good day for us. Like we went out and bought a drink. We celebrated."
Highlights:
- How can having the right team turn your home buying fears into a dream come true?
- What's the secret to scoring a 2-1 buydown and a $30,000 appraisal bump in a tough market?
- Why is trusting the process and ignoring the naysayers crucial when buying a home?
- Can you really afford to buy a home even when you're juggling grad school, a wedding, and rising interest rates?
- What's the REAL difference between your employer's lender and a unicorn lender?
General Notes:
Jelly's story is a refreshing reminder that buying a home is possible, even when it feels impossible. With the right team, a clear understanding of your financial situation, and a willingness to make tough choices, you can achieve your homeownership dreams. Remember, it's not about timing the market perfectly, it's about making informed decisions and taking action. So, if you're ready to stop renting and start owning, don't let fear hold you back. Get educated, find your unicorn team, and start building your future today.
Connect with me to find a trusted realtor in your area or to answer your burning questions!
Subscribe to our YouTube Channel @HowToBuyaHome
Instagram @HowtoBuyAHomePodcast
Tik Tok @HowToBuyAHome
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.
Subscribe for regular market updates, and leave a review to help us reach more people. Ready for an honest, informed home-buying experience? Viva la Unicorn Revolution - join us!
"Last Lease Ever" - Start your custom 12-month action plan to replace your rent with the savings of home equity, at no cost to you. Message David NOW to assemble YOUR Unicorn team ASAP!
Transcript
Click on a timestamp to play from that location
| 0:00.0 | You have to think long term when it comes to your money and your investments, because in the time that we would have been renting, I mean, if you look at the math, if we would have been renting that whole time, all the money you lose renting, I mean, you know, it's like for six months you feel a little less stretched because you were able to save a little more, but think about how much you lost in the meantime. |
| 0:21.0 | Welcome to the show, homies. |
| 0:22.7 | Hey, if you're wondering about new construction or looking at new build homes versus those |
| 0:27.7 | resale homes in your neighborhood, this interview's got a ton of great information. |
| 0:32.0 | This homie bought a home when interest rates were at their highest and she still got $10,000 back from the builder. |
| 0:39.9 | Not to mention the fact, the home appraised $30,000 over the agreed upon purchase price. |
| 0:46.9 | Now, there's tons of other stuff in this interview, but I do want to give you one quick note |
| 0:49.9 | on buying a new construction home. You have to bring your realtor with you before you do anything. |
| 0:56.7 | I'm talking even sign the sign-in sheet. |
| 0:59.5 | Otherwise, the builder ends up giving you their representation and you're stuck with no advocate. |
| 1:06.0 | It's a BS part of the real estate game. |
| 1:08.2 | But this homie use their unicorn realtor and their unicorn lender |
| 1:14.4 | over the builder's lender and over their employer's lender who is supposed to give them all kinds |
| 1:20.1 | of bonuses. But I want to make sure you have that information. Don't go talk to builders first. |
| 1:25.8 | Get your team first and go with them to the builder. |
| 1:29.3 | That way you have an advocate protecting you who's got your best interest at heart. |
| 1:34.2 | And no emails either. |
| 1:35.4 | Got it? |
| 1:36.0 | All right. |
| 1:36.3 | There's tons of great stuff in this interview. |
| 1:38.3 | Play the music. |
| 1:38.9 | Music. Hi, everybody, very excited to have another interview coming at you today. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from David Sidoni, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of David Sidoni and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.