STEP 1 | HOMEBUYING 101: Deciding Your Goals - 302

In this foundational episode of the "Ten Basic Steps to Buy a Home" series, David Sidoni challenges conventional wisdom by revealing that Step 1 isn't about getting pre-approved or finding a realtor – it's about making the fundamental decision to start planning your homebuying journey. Through real-world examples and myth-busting insights, he demonstrates why deciding to view homebuying as a rent replacement strategy, rather than a new expense, can transform your entire approach to homeownership. This mindset shift, backed by the confidence that comes from understanding the true process, is what sets successful first-time homebuyers apart in 2025's competitive market.

Quote: "Buying a home is not taking on a new crazy expense... Buying a home is a rent replacement strategy."

Highlights:

• What if you could start planning your home purchase today at no cost, even if you're 2-3 years away from buying?
• Could your belief in common myths like needing 20% down or a 700+ credit score be holding you back from starting your homebuying journey?
• Is "waiting for the crash" actually costing you more than taking action now with a solid plan?
• What's the real reason behind rising home prices in 2025, and how can understanding inventory levels help inform your decision?
• How might converting your monthly rent payment into mortgage payments help build long-term wealth instead of just covering 30 days of living?
• Could working with the right professionals earlier in your journey - way earlier than most people think - give you an advantage in today's market?

Referenced Episodes:

• Episode 40, 48, 51 - "I Did It" success stories
• Episode 53 - Madison's condo purchase story
• Episode 151, 162, 168, 192, 219, 225 - Market updates and changes
• Episode 251 - The Last Lease Ever plan
• Episode 274, 299 - JT's perspective episodes
• Episode 290 - 2025 Forecast and Predictions
• Episode 296 - Market follow-up
• Episode 98 - David's personal rental story
• Episode 164 - Chutes and Ladders analogy

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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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