Am I Ready to Buy a Home? The 5 Questions You Must Ask
How to Buy a Home
David Sidoni
4.8 • 859 Ratings
🗓️ 17 March 2025
⏱️ 25 minutes
🧾️ Download transcript
Summary
Buying a home might seem out of reach, but are you closer than you think? In this episode, David Sidoni breaks down the five biggest questions every renter should ask before deciding if they’re ready to stop renting and start building wealth. Most first-time buyers wait longer than they need to simply because they don’t know where to start. David tackles the biggest myths about credit, savings, and affordability—plus, the simple mindset shift that could put homeownership in reach much sooner than expected.
Quote:
“Buying a home isn’t something you do after years of renting. It’s an option you should consider every time you move—because for thousands of first-time buyers, it’s been way more doable than they ever imagined.” – David Sidoni
Highlights:
1. Am I even ready to buy? Why homeownership might be closer than you think.
2. What’s the absolute minimum I need to qualify? (Credit, income, and debt-to-income ratio).
3. How much house can I afford? Why online calculators might be lying to you.
4. Are there programs that can help? Free money for first-time buyers.
5. How long does the homebuying process actually take? (Hint: It’s probably shorter than you expect).
Referenced Episodes:
• Episode 301-310 – The 10-Step First-Time Homebuyer Starter Series.
• Episode 239 – Isaiah’s story: Buying a home for less than his rent.
General Notes:
Most renters don’t know they’re ready—until they take the first step. Even if you think you’re years away, this episode helps you get real answers, not guesses, so you can take control of your future.
Connect with me to find a trusted realtor in your area or to answer your burning questions!
Subscribe to our YouTube Channel @HowToBuyaHome
Instagram @HowtoBuyAHomePodcast
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Visit our Resource Center to "Ask David" AND get your FREE Home Buying Starter Kit!
David Sidoni, the "How to Buy a Home Guy," is a seasoned real estate professional and consumer advocate with two decades 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 | You're here. You selected this podcast to listen to so I can safely assume you want some clear |
| 0:05.8 | answers to the questions about attaining home ownership. What are the financial requirements? |
| 0:10.9 | How long is it going to take? And are you even ready? I got you. Let's friggin go. |
| 0:16.1 | How to buy a home educates, protects, and connects first-time home buyers to qualify bedded |
| 0:20.6 | realtors in their area, |
| 0:22.0 | whether you're looking for DIY information or step-by-step guidance. How to Buy a Home is the number one |
| 0:26.7 | resource for first-time home buyers. What is up, my how-to-buy-homeies? Yep, still here, David Sedone, |
| 0:34.2 | and this is still your home for the answers that you seek so you can |
| 0:37.7 | confidently create your plan to stop being a renter and start building a life in your control. |
| 0:43.8 | Now, speaking of things that you can't control, last week, the stock market crashed. And you know what? |
| 0:50.2 | So did my website. So, hey, if anyone out there has been going on the website, trying to get the free resources there, or try to ask me a question about your own personal home buying, and you ran into a glitch, it's all there. It's all still free. Please head back to how to buy a home.com, and we will make sure that you will be receiving the help that you are seeking. |
| 1:11.2 | The crash is corrected and we are ready to help get you on your home buying journey. |
| 1:15.9 | Now, since we had to do a reset here at How to Buy Home Headquarters, I figured today would |
| 1:20.5 | be a good time to answer some of your most asked questions. |
| 1:24.3 | I know it can be uber confusing doing your own research. |
| 1:27.2 | Thanks to the entire real estate industry failing first time home buyers for, oh, I don't know, |
| 1:32.6 | decades and decades. |
| 1:34.1 | So what we're going to do is we're going to get into the things that they should be teaching |
| 1:38.5 | you about, are you ready to buy? |
| 1:41.1 | It's confidence boosting time for you. |
| 1:43.5 | No more waiting, no more guessing. Let's do it. |
| 1:46.0 | Today we're going to tackle these big questions I get. The first one is, am I even ready to buy a house? |
... |
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