271 - Top 10 Cities for Affordable New Builds + Understanding Median Price
How to Buy a Home: The #1 First Time Home Buyer Podcast
David Sidoni
4.8 • 891 Ratings
🗓️ 7 October 2024
⏱️ 18 minutes
🧾️ Download transcript
Summary
New construction homes: are they REALLY a good deal? David explores the pros and cons of buying new, reveals common builder tactics, and explains how to make smart decisions in today's market. Plus, learn why "median price" can be misleading and how to find a "unicorn realtor" to guide you.
Quote:
"If you walk in there and sign your name, you are locked in to their representative and that's not great for you." - David Sidoni
Highlights:
- Is your city one of the top 10 most affordable for new construction homes? (Keywords: affordable new construction, new build deals)
- Did you know that simply signing your name at a new build site can lock you into using THEIR realtor? (Keywords: new construction traps, builder scams)
- Are home values REALLY dropping, or is the "median price" misleading you? (Keywords: median price myth, home values, real estate statistics)
- What is "price per square foot" and why is it the KEY to understanding true home values? (Keywords: price per square foot, home values, market analysis)
- Why are "unicorn realtors" essential when navigating the complex world of new construction? (Keywords: unicorn realtor, new construction, buyer's agent)
Referenced Episodes:
- Episode 201: Ten Basic Steps for First Time Homebuyers
- Episode 262, 256, 226: Homie Interviews - New Build Experiences
- Episode 215: The ADU Guy
- Episode 77: New Homes vs Resale
Connect with me to find a trusted realtor in your area or to answer your burning questions!
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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!
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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
Click on a timestamp to play from that location
| 0:00.0 | I wanted to share a new study with you about the top 10 places that new construction homes are most affordable |
| 0:06.1 | and then give you a supremely important real estate vocabulary lesson that will absolutely change the way that you do your home shopping research. |
| 0:16.4 | Kick it! |
| 0:16.8 | I'm going to It's What is up, homies. |
| 0:33.6 | It has been a busy week happening here. |
| 0:36.6 | Oh, by the way, I'm David Sidoni. Still your host. |
| 0:39.3 | It's been crazy because, you know, the interest rate drop and the Fed, we've had all kinds of things going on. |
| 0:44.7 | So we actually missed the Friday episode. So I'm going to get back at you right away with a Monday quick hit episode. |
| 0:51.2 | If you're new to the podcast and you're looking for where do you start, |
| 0:54.6 | that's episode 201. That's the 10 basic steps that every first time homebuyer needs to start. |
| 1:00.5 | But today's quick hit episode, I'm going to share the just-released top 10 places |
| 1:06.3 | where new build homes are most affordable compared to the resale homes in the same 10 areas. |
| 1:13.1 | And then after that, I'm going to give you guys the most important real estate vocabulary |
| 1:16.7 | definition that you're going to need to help decipher all the information when you're |
| 1:21.5 | reading all the headlines and doing all your research about the home prices. |
| 1:25.5 | Because right now, some of the information is not exactly accurate. |
| 1:30.8 | All right, let's get right into it. |
| 1:32.6 | Realtor.com just published a list, and it highlighted the 10 towns in the U.S. |
| 1:38.8 | with the most affordable prices for newly constructed homes. |
| 1:43.4 | Now, if you don't know this, new builders, they have the |
| 1:47.3 | biggest scam going in real estate. If you sign up with a new builder, and I'm talking just |
| 1:52.4 | write your name on a piece paper, or you send them an email, they can make you work with their |
... |
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