81 - Home Buying Fees, Closing Date Info, And Love Letters
How to Buy a Home: The #1 First Time Home Buyer Podcast
David Sidoni
4.8 • 891 Ratings
🗓️ 22 March 2022
⏱️ 31 minutes
🧾️ Download transcript
Summary
What are the home-buying fees first-time buyers need to know? For military and veterans, you can put $0 for a down payment. But for the civilians, the minimum is often 3% down. Next, you’ll have to consider the earnest money or due diligence fee. It allows you to bail during the due diligence period. You should put down the max, 3% of the sales price. If you put anything lower, it shows that you got no skin in the game. Show the sellers you’re serious about buying the home. Want to know more? You’ll also discover do's and don’ts for closing day. And the controversy surrounding the age-old-secret buyer trick—love letters to the sellers. Dive in!
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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 | 2020 housing market, it is insane. And if you're out there and you're ready to buy a home, |
| 0:05.0 | you probably have a whole bunch of questions. And if you're paying attention to the current |
| 0:08.7 | speed of the market and the rising prices, well, then you definitely want to get those answers |
| 0:13.2 | and you want to get them quick. So don't be self-conscious about being thirsty for information. |
| 0:18.3 | Knowledge is power. I'm ready to figure it out. How about you? Let's go. |
| 0:37.2 | What is up, my how to Buy a Homies? |
| 0:39.2 | I'll tell you what's up. |
| 0:40.5 | Home prices. |
| 0:41.8 | Hey, gang, I'm David Sedone, and this is the How to Buy a Home podcast brought to you by, |
| 0:46.7 | well, it's just me, the How to Buy Home Guy. |
| 0:48.9 | It's your first time home buyer specialist, advocate, cheerleader, and truth teller. |
| 0:52.9 | Today, we're going to go over a few things |
| 0:55.0 | that buyers ask me about all the time. Today's topics are going to be, what are the fees when I buy |
| 0:59.6 | a home? Also, moving date details. The day you get your keys. The most exciting day will |
| 1:05.5 | I have some crucial information to help you avoid moving day horror stories. |
| 1:14.4 | And the last topic today, love letters. |
| 1:17.3 | To use or not to use. |
| 1:22.7 | And the secrets that are going to help you win a bidding war and get you the house that you love. |
| 1:26.5 | Okay, let's do a quick market check-in before we jump into the topics. |
| 1:29.7 | What's happening right now? It's March 22 as I record this. |
| 1:35.5 | And what's happening with other buyers, not only working with me, but from all around the country. |
| 1:42.0 | First, I will give you a quick personal story. Now, I have some wonderful clients that bought a new build home in 2014. |
... |
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