73 - EMERGENCY Information AGAIN On 2022 Bidding Wars - And Your Realtor Representation
How to Buy a Home: The #1 First Time Home Buyer Podcast
David Sidoni
4.8 • 891 Ratings
🗓️ 8 February 2022
⏱️ 27 minutes
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Summary
WARNING, WARNING...AGAIN! New stats and information that is CRUCIAL if you are trying to buy your first home in 2022. It ain't no picnic, so you need every tip, tool, technique, trick, and hack to make this happen for you. This episode explores how to win bidding wars, and how to choose a true professional for you. It all starts with the EARLY work, with a professional team helping you prepare months before you ever go look at homes, and then having them on your side when you enter the crazy auction style, bidding buying of 2022.
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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 | No buyer wants to hear it, but if you're trying to buy a home in 2022, bidding wars are here. |
| 0:06.3 | Why? Supply and demand. It's real simple. See, every year since 2005, we see about 6 million |
| 0:12.1 | homes sold on average. Well, today at the beginning of 2022, we dip below less than only |
| 0:18.3 | 950,000 total homes for sale. We usually sell 6 million and now we're less |
| 0:25.0 | than a million out there. And with mortgage rates still low, but rising a little bit, the race is |
| 0:31.1 | on. So how do you win? What is up my how to buy a homies? |
| 0:50.2 | I can't believe it's my second emergency crazy episode here in 2022. I'm back and I'm better than I was just a few minutes ago because I'm ready to help you win in this battle. I know I hate using war analogies all the time, but gang, this is war in 2022. It is not easy. I'm David Sidoni, your general and unicorn battalion leader. |
| 1:12.1 | And this is an emergency news breaking alert. |
| 1:15.8 | I already gave you guys the big warning this year about all the bidding wars that were going on and low inventory and the long lines. |
| 1:21.8 | And if you listen to the back catalogs of the podcast, you heard a lot of specific detail about bidding wars in |
| 1:28.4 | general in episodes 39, 41, and 46. But now I have some more pressing information that is going |
| 1:36.1 | to help you yourself and give you better odds to make it happen for you. Don't give up. |
| 1:42.9 | It won't be easy. Go back and listen to the 2021 and |
| 1:46.6 | 22, not the episode numbers, but the episodes that came out in 21 and 22, the years. There's a lot |
| 1:54.5 | of stuff in there to help you really understand your numbers and believe Ted Lasso style that this |
| 1:59.8 | is a battle worth fighting for. |
| 2:02.2 | So the way it's going is in 2022, you're chasing the market, as we like to say. |
| 2:07.1 | Who's we? I don't know. Real estate nerds, I guess. Yeah, prices are going up, so you're chasing |
| 2:12.0 | that. And interest rates are low, but they're rising a little bit, so you're chasing that. |
| 2:16.9 | And rent, and that's going up little bit, so you're chasing that. And rent? |
| 2:18.6 | That's going up, too. |
| 2:19.8 | You've always been chasing that. |
... |
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