E164: The Basics: 10 Steps to Buying Your First Home

Buying a home for the first time can be overwhelming, but having a step-by-step process to follow can make everything clearer, right? WRONG. 
David Sidoni gets thousands of questions from first-time home buyers asking for a step-by-step list they can follow to buy a home. Unfortunately, everyone is a special snowflake with different starting points and circumstances, so having a one-size-fits-all rulebook isn’t really in the cards. But, since so many folks have asked, David did his best to give you the Chutes and Ladders version of his step-by-step plan.  
Here are some topics from today’s discussion:

Episode Highlights:
[01:51] We All Start From a Different Square
Rolling with the board game analogy, it’s important to know that everyone’s 10 steps start from a different place on the board. You could be in a completely separate spot in life from someone else, which heavily influences your home-buying process. Knowing where you are on the board is the key to using it properly. 
[7:11] The First Two Steps to Success
In the 10 steps to buying a home for the first time, there are two steps that are not on the list that might shock you. The first one is getting pre-approved for a loan. The second is finding a realtor. Why?! Because finding a guide in your home-buying process is so so so important for this very reason - it covers both of these steps. DO NOT shop around for pre-approvals and rates first. Look for a realtor first who can talk you through the process. Instead, your first two steps should be:
[27:24] These Steps Need to Happen All At Once
Working on your credit score, getting a handle on your debt, and working to save money are three steps that need to happen simultaneously to be effective. They’re also super easy to start right now. But, it’s most helpful to you if you consult your guide first to find out where you are on the board so you know where you’re going next.