As discussed on the Jon Sanchez Show | Aired September 23, 2025 | Available on Apple Podcasts & Spotify
For many, the dream of owning a home can feel distant—especially in markets like Reno, Nevada, where affordability challenges and rising rents are everyday realities. But as Jon Sanchez and real estate expert Corey Edge emphasized on the September 23rd episode of The Jon Sanchez Show, the path to homeownership is possible. It may take time, planning, and support from the right professionals, but it’s a goal that countless individuals and families have successfully achieved—even in difficult conditions.
If you’re wondering where to start, here’s a roadmap based on the key takeaways from the show, tailored for those navigating today's Reno real estate landscape.
1. Start with a Realistic Budget
Before you look at listings or meet with a mortgage lender, take a clear-eyed look at your financial situation. How much can you afford monthly—not just for your mortgage, but also for maintenance, taxes, insurance, and utilities?
As Corey Edge noted, when you're a homeowner, you're the landlord. That means surprise repairs are your responsibility. Set aside an emergency fund for unexpected costs. A budget isn’t about limitations—it’s about understanding your limits so you can stay financially resilient once you make that leap.
2. Check Your Credit (the Right Way)
Your credit profile plays a key role in determining what kind of loan you can qualify for. But not all credit checks are created equal. Jon and Corey stressed the importance of having a trusted mortgage professional (like Dwight Millard of Highlands Mortgage) run a “soft pull” of your credit. This won’t impact your score and gives you insight into where you stand—and what improvements might be needed.
Often, raising your credit score isn’t about paying everything off. A knowledgeable lender can show you the most efficient ways to increase your score—sometimes down to the dollar.
3. Set a Plan to Save for Your Down Payment
Saving for a down payment can feel overwhelming, but breaking it down into monthly contributions makes it manageable. Consider opening a dedicated savings account and automating deposits to keep your goal on track.
There are also creative options to explore—including borrowing from a retirement plan or leveraging a taxable investment account. As Jon shared from personal experience, resourcefulness and teamwork (even among family members) can make the difference. However, it’s essential to evaluate these strategies with your financial advisor to ensure they align with your long-term plan.
4. Explore First-Time Homebuyer Programs
Many first-time homebuyer programs exist at the local, state, and federal levels—including specific incentives for residents of Reno and Washoe County. These programs may offer reduced down payment requirements, assistance grants, or favorable loan terms.
An important note: “first-time buyer” doesn’t always mean your first home ever. If you haven’t owned a home in the past two years, you may still qualify under many of these programs.
5. Get Pre-Approved, Not Just Pre-Qualified
There's a big difference between pre-qualification and pre-approval. A pre-qualification offers a rough estimate based on self-reported information. A pre-approval, on the other hand, involves documentation review and a full credit pull from the lender, making it much more credible to sellers and agents.
Especially in a competitive market like Reno, Nevada, a solid pre-approval letter can help your offer stand out.
6. Work With a Knowledgeable Real Estate Agent
Choosing an experienced local real estate professional, like Corey Edge of Edge Realty, can help you navigate Reno’s dynamic market with confidence. From understanding neighborhood trends to negotiating effectively, a good agent is your advocate every step of the way.
As Corey shared, agents often help buyers avoid common mistakes—such as skipping an inspection or overextending financially. They’re also your first line of defense when evaluating the legitimacy of pre-approval letters if you're on the selling side.
7. Never Skip the Inspection
While it's tempting to reduce upfront costs, skipping the home inspection can be a costly mistake. A qualified home inspector can uncover hidden issues that may not be visible during a walkthrough.
Even newer homes can have problems—and as the buyer, you want to be fully informed. In many cases, sellers are willing to address issues found in the inspection report. You just have to know they’re there.
Final Thought: You’re Not Alone on This Journey
Whether you’re a young professional just getting started, or someone reentering the housing market after years of renting, homeownership is within reach. The key is building a plan, being patient with the process, and surrounding yourself with the right team of professionals—from financial advisors and lenders to real estate agents.
As Jon Sanchez said on the show: “If there’s a will, there’s a way.” The path may not be linear, but with persistence and planning, the dream can become reality.
Looking for Financial Guidance in Reno, Nevada?
At Sanchez Gaunt Capital Management, we’re proud to be a trusted resource for individuals and families navigating major financial milestones. If you’d like to learn more about building a long-term plan that includes homeownership, connect with us today.