97 - First Time Home Buyer Terms and Definitions from A-Z – “D”
How to Buy a Home: The #1 First Time Home Buyer Podcast
David Sidoni
4.8 • 891 Ratings
🗓️ 18 May 2022
⏱️ 22 minutes
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Summary
In another installment of homebuyer terms and definitions, David Sidoni breaks down the letter D’s of real estate. There are so many terms and subjects to address. Make sure you’re in the know by tuning in.
This podcast was started for YOU, to demystify things for first time home buyers, and help crush the confusion. After helping first timers for over 13 years, I knew there wasn’t t a lot of clear, tangible, useable information out there on the internet, so I started this podcast. Help me spread the word to other people just like you, dying for answers. Tell your friends, family, and perhaps that random neighbor you REALLY want to move out about How to Buy a Home! A really easy way is to hit the share button and text it to your friends. Go for it, help someone out. And if you’re not already a regular listener, subscribe and get constant updates on the market. If you are a regular and learned something, help me help others – give the show a quick review in Apple Podcasts or wherever you get your podcasts, or write a review on Spotify. Let’s change the way the real estate industry treats you first time buyers, one buyer at a time, starting with you – and make sure your favorite people don’t get screwed by going into this HUGE step blind and confused. Viva la Unicorn Revolution!
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | Buying your first home is overwhelming and scary and downright intimidating. |
| 0:04.5 | So let's fix that. |
| 0:05.7 | Today, if you're listening to this, it means you're 326th of the way to being unconfused |
| 0:11.3 | because we've defined the terms for A, B, and C. |
| 0:15.7 | So today, we're going to go to the D's. |
| 0:18.1 | Let's dominate the damn definitions. |
| 0:21.0 | That's my D alliteration. |
| 0:22.5 | You like it? |
| 0:23.3 | Let's go. |
| 0:43.3 | What is up, my how to Buy Homies? Learning Time with David Sidoni, your first time homebuyer guru dropping knowledge. But today I'm doing it with an alphabetical flair. Let's get right |
| 0:49.4 | to it. The people demand it. Get it? Demand it because we're doing the D's. Here we go. All right, |
| 0:56.8 | first up is days on market. Now, this is also known as DOM, not to be confused with DM, although you can |
| 1:02.9 | DM me at David Sedoni on Instagram and ask me your question. But DOM is the term you're going to hear a lot |
| 1:08.5 | when you're getting ready to buy a house. Okay. It's the number of days that a home has been listed for sale on the real estate broker's multiple listing service. |
| 1:15.7 | It's also known as the MLS. |
| 1:17.7 | Now, recently, people have been pre-listing their homes. |
| 1:21.5 | So this has kind of changed the days on market a little bit. |
| 1:24.0 | They're going to show the homes as coming soon. So this actually makes sense |
| 1:27.9 | and it's really good for you buyers because they appear on the internet, but hey, maybe those |
| 1:32.2 | homes aren't available to see until a later date. Now, this is important to you because in this |
| 1:37.0 | crazy 2020 market, you know, bear in mind this fun fact that days on market might say four days, |
| 1:43.9 | but that home may have never been |
... |
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