95 - First Time Home Buyer Terms And Definitions From A-Z - "B”
How to Buy a Home: The #1 First Time Home Buyer Podcast
David Sidoni
4.8 • 891 Ratings
🗓️ 13 May 2022
⏱️ 28 minutes
🧾️ Download transcript
Summary
Buying a home can be confusing and daunting enough, then everyone starts using real estate jargon and expects you to keep up. In the second episode covering real estate terms, language, and definitions from A-Z, David Sidoni discusses the letter 'B'.
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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 back to everything you need to know about buying your first home from A to Z. |
| 0:04.6 | Today we're going to cover the letter B as in Bichen, which is how you're going to feel after |
| 0:09.2 | learning all the real estate terms and definitions to buy, hey, that's a B word. |
| 0:14.4 | And you can buy like a pro. |
| 0:16.0 | Alphabet fun time. |
| 0:17.6 | Let's go. |
| 0:38.1 | Yeah. Fun time. Let's go. Welcome back, my How to Buy a Homies. Today is alphabet fun time for buying your first home. |
| 0:44.3 | So, hello, boys and girls and hello non-bionary people and hello transitioning or just confuse people who need a little time to explore and figure out who your true self are. Well, |
| 0:48.7 | hello to everyone. It's me, David Sidoni. We're going to jump on the alphabet and we're going to |
| 0:53.0 | go into the B definitions, B for buy your first home. We're going to jump on the alphabet, and we're going to go into the B definitions, |
| 0:55.3 | B for buy your first home. This is going to be adding to your resource library to help you crush the |
| 1:00.6 | confusion and become an educated and empowered first time home buyer because you're good enough, |
| 1:05.7 | you're smart enough, and you deserve the real, real in real estate. |
| 1:14.1 | All right, our first B today, balance sheet. |
| 1:18.5 | Now, this is usually used in business terms to determine, you know, the true financial status of where businesses. |
| 1:20.6 | But hey, when you're buying a home, it's good to think of yourself as your own little |
| 1:23.3 | company because the bank's going to be looking at you to see if you have the financial |
| 1:26.5 | means to take on this ginormous debt. at you to see if you have the financial means to take on |
| 1:27.6 | this ginormous debt. The good news is if you pay rent, you're already showing that you can do this. |
| 1:34.1 | Yeah, the biggest misconception that renters have is their actual borrowing potential. |
| 1:39.4 | Most people think that it's a huge leak to buy a home for hundreds of thousands of dollars |
| 1:43.5 | because your largest |
... |
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