49 - Should I Offer Over List Price To Get My Dream Home? How much?
How to Buy a Home: The #1 First Time Home Buyer Podcast
David Sidoni
4.8 • 891 Ratings
🗓️ 24 August 2021
⏱️ 47 minutes
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Summary
For first-time home buyers, the list price is all the matters. That is the key and one of the biggest questions of the game. What if I told you, list prices don't matter and that realtors only want what benefits them and the seller. This is how the game works and you need to know how to beat it. Join your host, David Sidoni on how to know you're getting a good deal. Learn how to know the right price offer and what they will accept. In every market, there are facts and details that a first-time buyer HAS to understand before picking a price to offer, especially in a HOT market. Listen in the discussion to learn how to play the game, as David gets into the heads of the sellers.
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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, the summer 2021 has a big question happening. Should you offer over a list price? |
| 0:05.7 | And how much? When and why? Now, list price. That's the price for sale. It's a simple concept, |
| 0:11.4 | right? Sellers says pay me X amount of dollars and you can buy my house, right? Nope. Buckle up, |
| 0:16.8 | gang, because nothing in real estate makes sense. |
| 0:44.6 | What up? What's popping? What is good? How you doing? Ooh, cringy, right out of the gate. Hey, this is the How to Buy Home podcast, and I'm David Sedona, your host. If this is your first time in, welcome in. Glad to have you here. |
| 0:50.4 | And if you're a regular, you might notice a slight change in your usually optimistic |
| 0:54.7 | host, you know, the one who loves to provide inspirational quality information to help take |
| 0:59.8 | the mystery out of the home buying process. You might notice today I might sound more like a dude |
| 1:04.8 | dropping some cynical truth bombs. But you know me. There's a reason behind it. Listen to all of it |
| 1:09.7 | with an open mind knowing I'm |
| 1:12.1 | always here to help but I preface it that way because this information is illogical |
| 1:17.1 | but knowing the insanity will help make this daunting task uncomplicated understandable and |
| 1:24.1 | unconfusing not a word today I'm here to tell you that when it comes to list price, |
| 1:30.0 | there's no logic to it. And I wish I could, but I just can't take the mystery out of it. |
| 1:34.6 | I can only give you the pointers on why it doesn't make sense. And that is an oxymoron in itself. |
| 1:40.8 | Let me explain why things don't make sense and explain the sense of it not making |
| 1:44.8 | sense. Look, it doesn't make sense, period. Just deal with it. I've come to accept it, regrettably, |
| 1:50.4 | and now you can too. And you know what? You'll be as smart as a realtor, probably smarter than a lot of |
| 1:55.5 | the ones that I work with. No matter what the market is doing up or down, sellers and realtors, a lot of times they |
| 2:01.7 | don't have any logic, no rationale, no reason when it comes to setting that list price. |
| 2:07.1 | And don't believe the stories from your friends and family. |
| 2:09.6 | You can't get your uncle or your cousin or your really smart financial friend. |
... |
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