279 - New Build vs Resale Houses for First Time Homebuyers
How to Buy a Home: The #1 First Time Home Buyer Podcast
David Sidoni
4.8 • 891 Ratings
🗓️ 29 October 2024
⏱️ 31 minutes
🧾️ Download transcript
Summary
Dive into the great "new build vs. resale" home debate! David Sidoni breaks down the pros and cons of each, revealing the hidden costs, builder tricks, and how to avoid getting stuck with a "builder's agent" (spoiler alert: bring your own realtor!). It's a wild ride, but by the end, you'll be armed with the knowledge to make the best decision for YOUR homeownership dreams! 🏡
Quote: "It's not even apples to oranges. It's apples to grapefruit to kiwi... You could be comparing apples to roses, and there is NOT a quick, easy answer!"
Highlights:
- Could a new build ACTUALLY be cheaper than a resale home? (Hint: those builder incentives can be insane!)
- What if the "perfect" model home is actually a sneaky bait-and-switch tactic? (Don't fall for it!)
- Is it possible to avoid those crazy bidding wars AND still get a move-in ready home? (David reveals the secret!)
- What are the hidden costs lurking in those HOA fees and "basic" new builds? (Prepare to be surprised!)
- Could a resale home be a BETTER value than a new build? (The math might shock you!)
- Is it REALLY necessary to hire a realtor when buying a new construction home? (Short answer: YES!)
Referenced Episodes: 256, 260
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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
| 0:00.9 | Today we tackle the big questions. |
| 0:03.0 | Crunchy or creamy peanut butter. |
| 0:04.8 | iPhone or Android. |
| 0:06.0 | Coca-Opepsi. |
| 0:06.7 | Toilip paper roll over or under. |
| 0:08.5 | Ryan Gosling or Ryan Reynolds. |
| 0:10.8 | And buying a new home or buying a resale home. |
| 0:14.4 | I'll start right away. |
| 0:15.4 | They're a crunchy iPhone, Pepsi over the roll without a doubt. |
| 0:18.9 | And both Ryan's. |
| 0:20.3 | As for the new build homes versus the resale homes, it depends. |
| 0:25.4 | Sorry, haters gonna hate. |
| 0:27.1 | Let's get to the answers. |
| 0:28.6 | Play the music. What is happening? |
| 0:45.0 | My Fantasmogorical, curious how to buy a homies. |
| 0:49.0 | I'm your host, David Sedonean, yes. |
| 0:50.8 | The question of new-billed homes versus resale homes, it does not have a definitive |
| 0:56.9 | correct answer. Unlike toilet paper going over, you under people, I have no idea what's going |
| 1:02.9 | on in your brain. Anyway, like all things when it comes to buying your first home, I truly wish I could |
| 1:08.0 | take, you know, every single one of the issues, all the questions that |
| 1:11.0 | gets asked to me, and then I could pick aside and say, based on my experience, everyone should |
| 1:16.6 | really choose option A over option B to get the best deal. Unfortunately, when buying your first home, |
... |
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