Home Buyer Mistakes to Avoid 

These three habits are preventing you from buying a house: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-Rb38pYzsQyI.html

I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.

I’m 24 and I don’t have parents, hoping to get my life in order. You have no idea how much this advice means to me. I don’t have any guidance. Thank you sir for taking the time out of your day to post the content you make. I’ll subscribe.

I think this made me realize how unprepared mentally and financally I am to even consider buying

When prequalifying my fiancé and I sat down and decided on a monthly payment we would be comfortable with then went to our lender and requested a prequalification for that amount. We were then informed that we could prequalify for almost double what we asked for and we turned it down and stuck to what we were comfortable with. It also helped us dodge the temptation of getting a home we knew we couldn’t afford or would be more than we were comfortable with paying. I’d recommend all first time home buyers do the same.

Qualified for 250k closing in a few days on 185k house 🙌🏾🙌🏾🙌🏾

Homebuying as a millennial feels like the end all be all. It’s a little discouraging sometimes when you realize to even just live takes a crap ton of money.

Here is a good one, don't ever let your Real Estate agent pressure you into making an offer on something you don't wan't. If they give you crap drop them ASAP and find a better one.

when you can't even budget for rent but you're here anyway

We already bought the house but still watching this lol

That house fund will also be needed to buy all of the things you never knew you needed when owning a house for the first time. When people buy a house I tell them ‘get ready to live at Home Depot.’

Is now a good time to invest in stocks? I know everyone says stocks are cheap, but how long will it take for us to recover?. The fact that others in my field make six figures each piece. Obviously, there are strategies to be used in this market, but these strategies are not available to the average person, so am better off putting my money elsewhere. I am fully aware of the expense of working more to get more money.

I have an emergency fund, and income replacement fund and a house fund. Javier is speaking the 100% truth in this video! I could go on and on about the mistakes I made when I bought this house. I'm happy with my house, but I would have done things differently.

When your rent is more expensive than mortgage its time no matter what. Edit: been in my new home now for 6 months and my electric is way cheaper than my 2 bedroom apt and stays cooler. The two bedroom I moved out of from they are asking 1800 a month. Yeah way better folks.

WHO SHOULD I THANK IF NOT FOR RAUL THAT FIXED MY CREDIT, I WAS SO SAD AND UNHAPPY HAVING 430 FEW WEEKS BUT I'M PROUD TO HAVE 830 TODAY THANKS

My sister and I just turned 21 and we’ve been looking to buy a house because of how toxic our household is and this gave me a sense of comfort that it takes a lot to be a home buyer, especially at a young age.

When I was buying the house I am in, one of the relators I was working with tried to get me to bump up my max budget by like 30K because I qualified for that amount, but I knew that would make me house poor. Ended up not going with that relator because he was way too pushy about it.

As someone who has never bought/sold a house, I recently joined my parents in the process of selling their home (since I would be moving into their new one to save up for myself). It was the first time they had moved in 30 years, so we all were learning a lot together. Definitely a big thing I learned was how much “other” money you would need for the process. 1) Closing costs, inspection costs, costs to repair things post inspection if you’re the seller, a goodwill payment, etc. These were things I never thought about before. 2) I’ve moved apartments a lot, so moving costs aren’t new to me, but it goes back to the timeline thing. Moving apartments and moving houses isn’t the same, and timelines aren’t usually as clean. So you not only have the normal moving expenses, like supplies, movers, and tips, but you also have costs like short term storage and overlapping rent/mortgage. 3) Household necessities is also something to keep in mind. For instance, when I buy a house, I will be moving out on my own after having lived with family. That means I will need to start a pantry and fridge from scratch, buy all new cleaning supplies, get any household items like light bulbs, trash bags, toilet paper, etc. 4) And then there’s things that are unique to each place you live. Like you might have one more bathroom than you did before, so now you need to buy a shower curtain and rod, extra towels, maybe a soap dispenser and a tiny floor rug. Or that dining table you had in your old place is too big for your new place, so now you need a new table. Basically what I am saying is, the biggest thing that I learned is that saving only for a down payment is a HUGE mistake. I always thought, “I need to save a 20% down payment, and I’m set.” That’s just not true.

Thank you so much for your help *credit lord* I feel like I am a credit human again!

Just got pre approved for a 200k loan. Mine and my wife's income is about 80k combined. Got a 3% interest rate and with pmi (our down payment is low) the total with insurance and everything is 950 per month. And pmi goes away after 22% of the loan is paid off so that's nice. Hopefully all goes well, we are renting a house paying 1400/mo now so it'll be nice to save some money

Only thing I learned from this is that houses are expensive af, and that’s the real issue.

I live in California and the rent is ridiculous for 2 or 3 bedrooms. It was cheaper to buy then pay rent, but coming up with the downpayment, closing cost is extremely hard when your paying $2,000-$2,600 a month in rent not including utilities and everyday expenses. Plus don't get me started on saving impossible almost to save when everything is increasing in price exact your pay check.

My son had febrile seizure, as well. He out grew it at 4. Fingers crossed that your daughter will do the same!

Wow. You’re very informative and easy to watch and follow. Thank you for doing the videos you do! I’ve watched several so far and I love your videos!

I just stumbled into this channel and I am so so happy. The man is speaking the truth!!!!!!!!!!!

Thank you for sharing this! It’s sooo helpful being someone like my husband and I who want to purchase in 2022 spring time. I’m preparing us by gathering ALL the knowledge possible and we are working the 7 baby steps to have all debt gone prior.

“Send me a nasty email and make me cry” earned you a subscriber 😂 the solid advice is just a bonus.

Thanks Javier. You’re one of my favorite RU-vidrs now after yesterday’s live stream.

insane how Americans have to prepare for emergency health costs.

Great information!! Thank you for all that you do , to give us this knowledge.

investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good??>>>>

Thank you so much for this, I haven't heard any one talk about this. My husband and I are looking into buying a house these next 2 years. This is helping so much

As someone who’s been looking to buy a house I’m very grateful I stumbled upon your videos. So much great and useful information! I enjoy these videos, thank you for such great content and information!

I realize not everyone has the same credit problems but these folks were fast and really worked for me. *credit lord*

I think the timeline thing is extremely important. My timeline lasted TWO YEARS! That's how long I figured it would take to get my credit where I needed it, seriously reduce my credit card debt and get the savings I needed for both the down payment AND an emergency fund. It sucked waiting that long, but it was worth it.

Thank you for your advice and I'm sorry to hear about your daughter's medical condition my mother has a very similar one it is very distressful and I wish more people had understanding or had a basic knowledge on epilepsy

Really sound advice. I’m not a realtor but have been through the process as a buyer and seller, and agree wholeheartedly with this information.

I started stacking to SAVE wealth. I've always been the type of person to spend my entire paycheck. I hate having money just sit in the bank. I am under pressure to grow my reserve of $950k. before I turn 60, I would appreciate any advice on potential investments.

damn, Javier is on fire, and is 1000% right! Wish I had seen this video before purchasing my property. The Bank Mortgage Officers and Lenders don't really care about the reality of someone "actually" being qualified to afford a loan. They'll pretend to care, but in reality their goal is to sell you the loan (even if they know it is over-leveraged) as quickly as possible without truly understanding your finances. Buyer beware sign - tread carefully and know your numbers before letting these bankers fool you into signing the dotted line. Real Estate might be the most over-rated investment asset even though the media has tricked us into thinking its the American dream.

Loved this video and the knowledge you dropped. My bf and I are looking for houses this weekend and now I have a better idea of what I can expect, good and bad. Thank you so much!

Thanks man! Appreciate the knowledge you dropped bombs bro! I really was just going to go with what the realtor said low-key I didn't know what their doing

My 2 daughters also had febrile seizures growing up bro, and it was scary af every time it happened. Luckily, they both grew out of it at around 3. Hope you daughter’s doing good now. And thanks for the helpful advice!

When I do get my house that’s my house for life. Hopefully my kids will take over the house when I’m gone and raise there kids in it or have it as a second home.

Thank you for this information...I have debating on selling and moving closer to my job, but I now realize I am not financially set for that yet. Thankfully I currently own my house so I'm not in a dire situation. You mentioned how things may be rocky for the next 5 years, thankfully I'm also very patient. I'll be checking out your other videos. Thanks!

A big promise at the beginning and then nothing but follow-through the rest of the video. Excellent tips!!

Thank you, for saving ppl alot of heartache.

Great content man! Consistently bringing the knowledge to all of the homebuyers out there. Keep it up!

Thank you! Great information! Preparing to start the process in a few months.

Sorry to hear about your daughter wish you and your family the best, your videos are a big help btw.

I did 30% of just my net. Married, 3 kids, and stay at home wife. Slowed my investing down until the kids get old enough for school. We live “ok” off of just my income. Not a fancy home just ok cars which are paid for. Once kids get school age and my wife goes back to work her income is 100% extra. Living above your means looks good and feels good…. Until it doesn’t. It’s not worth the stress just be happy with a bit less.

Thank you so much for this video! My husband and I would like to buy our fist house, but we’ve been too scared to move forward. Your video has helped me be able to calculate things and make me feel better about what we actually can afford vs what we’re told we can afford.

Love your videos and your sense of humor. Keep up the good work!

The last one was the biggest and most impactful tip. I’m glad I realized it when I the market got crazy. It’s reassuring I had the right mentality

I’m so informed, thanks

Youre correct, it truly is a terrifying experience. Its a lot of money. I definitely knew I was going to go much lower than the pre-qualified amount. Ask for those cost sheets so you can some real numbers. My realtor was aware of what my price point was and why it was lower than I qualified for. And all the costs they dont tell you about. You're definitely going to need savings other than what's for the house purchase. Especially in today's market where majority of the time you're having to offer higher than asking. Thanks again for a great video. And the realtor you referred me to is working out wonderfully!

Thank you for sharing the real honest truth that most of people don't get on any channel. Please continue on your great work.

Thank you for this valuable information ! Still watching after buying ours . My 2 year old used to have fibrile seizures ( high fever seizures) , his pediatrician had prescribed a medicine to prevent it . It’s scary when your child goes through any seizures . Hope her seizures healed completely !

Javier, thank you for such a down-to-earth and easy to follow video! As someone hoping to become a first-time homeowner within the next 12-16 months, this video was SUPER informative!

No 1 rule of any purchase “know thy net worth”

Man I am glad this video popped on my TL, going to be buying my first property in a few months. Thank you Javier🙏

Great content Javier, thanks for sharing!

I was single when I started looking for a house. This was in the mid 2000's 1. I paid off all my debt. 2. Went to my credit union, to get an estimate how much they would lend me. 3. each paycheck I would buy stuff for the house. 4.. Estimated how much I would need to save in emergency fund for 4 months of living expenses. 5.. I looked for a Repo house. I found a repo house that needed some work. 3 yrs, after I moved in. I was diagnosed with cancer. The following year. I lost my job. Fortunately, I had saved that emergency fund. That helped pay for the mortgage, cobra insurance, and utilities. Since I couldn't look for a job, due to going back to the Dr's and hospital for cancer screening. I was out for 2 and half months. Don't save for a rainy day. More, prepare (financially) for a hurricane. You just never know

Moral of the story... nobody can buy a house in California...

Dude You are by far the most honest on RU-vid Thank YOU!!!

Great tips and information. These times are just like other times... flying by for sure...

My little sister had seizures like that they thankfully did stop once she turned 5 but yeah was super scary any time it happened. Love these videos thanks so much!

You seem like a great advocate for your clients.

A lot of fantastic advice in this video. I’ll definitely be watching more of your content!

Love that you were so honest sharing about your sweet daughter. But very true, everyone has a different situation. For the first 10 years in our home we qualified for a $1900 mortgage but in reality we were completely house poor spending 38-40% of income on our payment. When I went back to work and our family income increased and our housing payment the. Was only 24% of our income- what a big difference. We are saving like crazy now and have so much more freedom. Wish we had thought about that years ago, but now we only have 9 hrs left on the house so might as well stick it out

Love your videos! I owned a small home just over 20 years ago for a short while but sold it after a year to go live a different life. I'm looking to buy again and your videos have really helped me figure out how to get things in order. In addition to finances, I'm also trying to research neighborhood safety (I live in Philadelphia) and that has caused me to forget about some houses I was interested in. Zillow used to provide color-coded maps to show crime in the neighborhood surrounding each house they list, but they've stopped doing that. It's made the process take more time, but I think it's worth it.

Thank you for this great video. Uninvited side note, febrile seizures are no joke. My daughter grew out of them but the anxiety and trauma never left me. A nurse friend told us to give her red Gatorade (mixed with water because Gatorade has a lot of sugar) every time she gets a fever and it worked. It subsided her high fevers quicker than Tylenol. Personally, I kept her super hydrated and cool and let the fever run it's course until medicine was needed. I hope your daughter outgrows them soon

Thank you so much for this... I'm a first buyer, but still deciding right now. But your tips really helped me. Thank you!

It's great all your information. Thanks for the help.

Great video with lots of facts! Thank you for the help as myself and my fiancé are first time homebuyers.

0-2 months to find a house?! We have been at it for over 2 YEARS. We have put in countless offers and keep getting out bid. The market where I am is INSANE. Houses are going for 20k over asking and aren’t worth it. I can’t get behind overspending on a fixer upper. I’m ready for the market to settle down.

l lIked this vid on point 1.. sooo important. and am becoming a loyal listener with your the last point! We learned #5 the hard way.. Stuck in our first house for ****14 years!!!**** Thank you for truth telling about house buying!

Your second to last tip is exactly what I did. I bought a fixer upper that was way bigger and nicer structurally for cheaper than any I had seen. I saw a lot of flips before that and the things they did just weren't worth the extra price tag.

I remember when I was in the process of buying a home. I made my own calculations and told the mortgage people I want to be in this monthly payment, how much do I qualify for knowing very well that they were going to come back and say hey you were qualified for x amount based on your monthly estimates BUT we can give you X more. I did spend a LOT of time checking numbers and I am glad I did.

I “qualified” for a house that was 40k more than what I pre budgeted myself to buy. I knew what i could afford but I bought the home I wanted which was 40k less. I also took advice from my father before ever thinking about buying a home. He told me, “wait until your debt free(credit cards,car payments etc..) and I did! I got 1 of those 30 day closings! My mortgage company told me(friend in banking verified) it was one of the smoothest deals they’d closed on this year. Fools rush in and those who fail to plan, plan to fail. I’m Very happy with with my house, and it was because I waited 2 years to find the right home. I know not everyone can do it like I did it but patience and planning is a virtue.

liked everything about this video. the content as well as production quality with visuals and sound effects. good stuff!

Thank you ❤ You have no idea how I’ve been trying to make my family understand this! Going to send them this video

Watching this while staying up all night to do the Tylenol/Motrin doses every 3 hours for my 19 m/o with febrile seizures. Just you mentioning that makes me feel so much less alone- not at all the point of the video, but helped in a way you didn’t intend. I appreciate that.

I'm not even done with the video and I'm so happy I found you. The take aways for me are to become educated and take absolute personal responsibility for your decisions. My husband and I are looking to move to another state and your advice could not be more timely. Thank you Javier!

You’re the man, this helped calm the nerves a lot.

This was super insightful, particularly about the future housing market being unpredictable. Thanks for sharing all this great info!

I have been in my home 9 years but I’m obsessed with this channel 🤦🏽‍♀️

Aww sorry to hear about Sadie....as a parent u just want to trade places with your child so you don't see them in pain. Great practical advice thanks Javi.

Thank you for taking the time to make this video, I like that it was straight to the point and easy to understand. I'm saving extra money at the moment so that when I have my car paid off I can start looking at my own place, I have a really good rental situation, and I've been building my credit since I was 18, did a ton of research about that too before I turned 18 and I'm almost at the 800 mark, getting my car on a loan is what pushed me over that margin and got rid of my limited credit along with having my cards for almost 2 years now. I wanted to have around 15-20% down payment for the house ready, hoping for some extra rooms so I can use the rent to pay extra towards the principal. I already have a good sized emergency fund, but I don't ever get sick or have any problems so it just keeps growing. I'll have my car payed off early next year and by the time I have it payed off I will have a good chunk of savings too, and the extra money I wouldn't be spending on a car anymore will continue to go to that. I just don't exactly know if there's more I should be doing or not, I would like to have my first house before I turn 21 and it seems like so far that's the track I'm on.

Good videos bro because of u I learn new things and getting ready to go for a house , like I said it is scary that's why I keep watching all of ur videos thanks a lot

So just have an extra 15k-20k on hand and you'll be fine!

Our house was the dream floor plan but sooo outdated. Got it for less because it was outdated and over the years we've been able to fix it up the way I want it and I love it! So worth it and not just getting the newest and greatest!

Thank you for the input!

Thank you for the tips! Really useful and helpful to know. Thank you!

Great tips here!

It took us a year to move into our house. The process was sooooo long, but it was getting built in the process too. However, this did help me save $25k that year for down payment and extra savings.

Thank you for the sound advice

Thank you for the info, it was really helpful

I have been blessed i sold my house 30k above asking price I was able to upgrade neighborhood and house only pay 10k above asking price it helps to have a good realtor im in escrow now crossing my fingers everything goes through and will have money leftover. Thank you javier for all the videos really really help me out .

Why you did cousin Edgar like that 🤣🤣🤣🤣

Thank you so much for this. You were so incredibly helpful