78 – 2022 Low Inventory REALITY CHECK
How to Buy a Home: The #1 First Time Home Buyer Podcast
David Sidoni
4.8 • 891 Ratings
🗓️ 11 March 2022
⏱️ 38 minutes
🧾️ Download transcript
Summary
Holy $#!^!!! 2022 supply and demand is unreal, impossible, and totally illogical! It's time for a perspective check, because this inventory could DOUBLE tomorrow, and it would barely put a dent in the scarcity of homes for sale right now. So listen to today's episode as we discuss the current market state of houses or homes that was mainly impacted by the pandemic. If you are looking at buying your first place or home, learn how to do things right by staying tuned!
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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 | Welcome to reality. In 2022, homes for buyers, especially first-time buyers, are selling 10,000, 20,000, 50, 100, |
| 0:09.2 | even 200,000 over list price. But that reality is being drastically skewed by the listing prices |
| 0:15.8 | set stupidly low, well below market value, just so the seller and the seller's realtor can get a |
| 0:22.1 | bidding war on the home. In real estate, reality is a relative term. So in today's podcast, |
| 0:28.3 | we're going to put the real back in real estate for 2022. |
| 0:32.1 | Music Reality. |
| 0:49.4 | When we venture into uncharted waters, illusions seem real, and reality can be murky and hidden, |
| 0:55.5 | and we trust what our mind wants us to perceive and what our hearts want to believe more than the |
| 1:01.6 | actual reality of the situation. Bam! Philosophical, right out of the gate! What's up, my how-to-buy |
| 1:09.3 | homies? David Sedoni here back again to drop some |
| 1:12.7 | knowledge on you so you can get the real real on buying a home. We're not here to sell you like some |
| 1:18.3 | sheister or even worse give you information that's going to make you fool yourself. You know what |
| 1:24.3 | they say about buying a home? Do you? They say it's one of, if not the most emotional purchases in one's life. |
| 1:31.9 | Top that off with the media, your friends and family, and all the internet haters, |
| 1:35.8 | just loving to tell you horror stories. |
| 1:39.3 | Drama and cynicism are all the rage these days. |
| 1:42.7 | You're dank if you're dark. |
| 1:46.3 | And giving people shade or telling people this ain't it chief. Well that's a lot easier than actually doing the research |
| 1:51.3 | and thinking before you open up your own pie hole to give someone an opinion. Positive or even worse |
| 1:58.6 | responsible opinions and responsible and positive people talking, well, that rarely |
| 2:03.8 | grabs headlines. So when it comes to gratification immediate, I think is even too slow of a word |
| 2:09.6 | to describe what our society is into these days. Now, I know, you think I'm a boomer overreacting? |
... |
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