As much as we want to build or buy the prices are going back up and fast in East TN so that is most likely not to happen for us. We have purchased a lot and were hoping to build but at almost 300 sq ft that is not going to happen. We may try to hang on to it but I think we will sell it and stay put. Our home is paid for so not really looking for another mtg. Two reasons for us to want to move 1- TERRIBLE NEIGHBORS 2 - Way too much growth with commercial buildings AMAZON in our town is really wanting us to get out of dodge lol
Hey @missdeeva2266! Thank you so much for checking out this video and letting us know what’s on your mind about buying a house this year. I definitely hope that everything works out the way that you guys would want. Congratulations on having a house already paid off, that’s absolutely amazing! You brought up a couple of really good reasons why people choose to sell a house and buy or build a new one. Thank you so much for sharing your thoughts with us. Sending you positive vibes everything goes your way!
I'm actually planning to buy a house. And for me reason is the why should I waste money on rents if I can put it part of mortgage. Is that enough reason? I want to do this as a milestone for 30th but that's a small reason I can wait whole year along for that. My lease is ending in April, and I dont want to sign another lease, I wanna move into my home and my brother could join me from October. That's why I wanna buy house
I feel like it is now or never. I’ve watched prices do nothing but rise in the SF Bay Area. Along with rents. So I may as well lock down my overhead now before I get priced out, or have inflation and mortgage interest rates take out my buying power. I want to build my equity, and not live in fear of being displaced by a landlord.
I'm waiting 2-3 more years to see what happens. Just means I'll have put more money on the side, my salary will have gone up and I will still be able to afford houses at crazy prices. No loss on my side.
Congrats Alex! That makes sense. If you know of anyone I can help sell or buy a home, please let me know. I'm a full-time practicing Realtor too. =) On a side note, you might want to consider setting up a homestead too. Here's the link to the video and the Assessors site to help out. Homestead Video ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-D8ipuXeLWEI.html Clark County Assessor www.clarkcountynv.gov/government/assessor/home_stead.php Sending you positive vibes everything goes your way!
Thank you Nicole! I appreciate your kindness and I hope your friend enjoys my channel and it helps her too. Sending you positive vibes everything goes your way!
Sometimes folks just have to face the thought of moving to another area where homes are more reasonable. Hint: Try OLD Bullhead City, Arizona. You can STILL buy a mobile home of your own for only $100,000. That’s right, only one hundred thousand, AND that includes the land it sits on, approx. 50’x100’. Seriously, you have the Colorado River a mere walking distance away, with nine gambling casinos on the river bank across the river in Laughlin, Nevada. And we’re only 90 miles south of Vegas. Water taxi’s move people from one casino to the other, for those who don’t drive. There’s plenty of water sports (fishing, jet skies, etc.) and the best Springtime in the nation, IMO.
Ok RIGHT!! But then there's people who approach selling their home to buy a smaller one like they are entitled to the $650,000 Zillow says its worth even though its been poorly maintained and needs a bunch of repairs and has windows and doors that need to be replaced and refuse to leave the side of town that they currently live in even though what they want to move into is not available because its not for sale or just doesn't exist. People simply amaze me. Lol
Last year, 30% of the houses sold in Phoenix were sold to investors, and so one could predict "interest rates go up, so do all those mortgages, so all those investors will sell off their inventory and glut the market." However I don't think we are in a 2008 situation again. Less people have ARMs and liar loans, and less people have borrowed against their houses to purchase new cars, trucks and expensive vacations. People have lot's of equity and aren't being as irresponsible with that equity, ala 2008. And sure lot's of housing permits were issued in 2021 but with all the supply chain issues and labor shortages those new houses won't be brought to market quickly, and they won't be all that cheap because everything you need to finish a house has become way more expensive. Then you add to that the fact that eighty thousand people move to the Valley Of The Sun every year and I just can't see a 2008 type crash. A slowdown of appreciation or a minor pullback, maybe, but not a crash.
I get that rent prices are going up but my power bill was only $81 for the month of February and that is about $20 higher than usual. Also, I don't have to worry about home maintenance. I also consider buying but don't think the home prices in Boise Idaho are worth it. Just my 2 cents.
agreed garbage sewer and water included plus gym ht tub pool etc... why would I buy a poished turd and be in debt rest of my life plus repair reno drama lol
Thanks Andrew, this vid and discussion is really good with the current market. Question, when interest is low, is it okay to pay little more to buy a house rather wait for less % if it goes down at end of year and pay more interest?
Received 7 offers in one day after MLS. 4 conv(20%,20,10,3), 2 VA and one cash offer no appraisal. All were above list except one at list price. Not 1 single offer to lease back. I closed on my new home on 2/14 and gave sellers 2 months lease back at reasonable rate which I think won the bid. I went 10k below list but asked about sellers current position..why are they moving. It turns out their new build won't be ready till April. This saves them money and pain in putting in storage.
Hey Sam! Congrats on selling your house and buying your new home. You're so right. In real estate contracts, the devil is in the details aka terms of the contract. Offering a seller a scenario that works well for them can lead to a better outcome for the both the buyer and the seller. Thank you so much for sharing your experiences with us! =)
Hey Benzo! Thank you for watching! You're so right! What piques your interest in real estate videos that most? I'm working on improving the the content I create and re-establishing a consistent upload schedule. Sending you positive vibes everything goes your way!
"But unlike the track ahead of the f1 ravers, this track could potentially lead the racers off a 60 foot cliff that could plunge them to their guaranteed deaths. "
Hello! I closed on a house last month! It needs a little bit of work, and the projects are manageable. I had been looking at what was in the market in the Nashville area for about 2 years. I wanted to get into the real estate market and fulfill a personal dream of mine. A local investor’s agent recently reached out to my agent and made an off-the-market offer to purchase my home and the lot next to mine. They are offering $50K over my closing amount! I’m considering it, however, since the ball is in my court, I will have quite a few negotiations if I proceed. One concern is the taxes I’ll have to pay next year. Can you help me understand a little more what I’ll have to pay in taxes next year on this income? I’m hearing that it could range from 20-30% since I’ve only been in my home for a couple months.
I was ready to buy a house in 2020.. I made the mistake of listening to these predictions and two years passed and I still don’t have a house and I can’t afford one now either. 😡
Hi Daiene, It seems that you're new to my channel and perhaps did not watch the full video if at all. In 2020 I livestreamed during the pandemic with other top agents and loan officers around the country to speak to truth to what was happening in the housing market. In a nutshell, one of the main points I made is that the market WAS NOT going to crash and if someone has solid employment it was a good time to buy a home if they were ready. I was not one of the fear-mongering clickbait creators that stoked the flames of fear. No, I spoke truth. Yet their channels grew exponentially and mine didn't. So I stepped back from creating videos since it seemed people would rather hear lies than truth. I've since removed the livestreams from my channel along with over 500 videos I've created since 2016. Seems that the RU-vid algorithm prefers what gets clicks more than honoring those speak truth. So I removed the content in an attempt to hopefully get the algorithm to pick up on my more successful (in terms of views) videos and show my content to more people searching for videos on topics I've created videos. In 6 years on RU-vid, what happened when people turned from the truth in favor of lies, hurt the most and caused me to question why I even make videos. I just started creating videos again and will do so as I've always done, by being honest. To my audience, subscribers, and viewers that appreciate the truth, then they will find my videos helpful. To those seeking the next "rush" offered by creators that lie, speak about what they don't know, and only seek the "click" then I'm not the right creator for them. Ultimately the best time to buy or sell a house is when the time is right for them in their lives for the reasons important to them. The real estate market will always go up, down, and all around. The one the thing that doesn't change is where someone is in their life when the time is right for them. I ask you and anyone else reading this, before casting dispersion on my videos, please watch the content. In this video I didn't say now is bad time or a good time to buy. I shared the facts of the current housing market and offered questions (even as a freebie download) to help people better decide if now is a good time for them to buy a home or not. At the end of the day, I'm sending you positive vibes everything goes your way.
Girl same I chose to rent an apartment and although I’m upset I don’t have a house yet either. We honestly lucked out. Look at all these people foreclosing. All these prices going up in general. We’re lucky we don’t have that issue. Most likely those houses sold in 2020 are gonna be cheaper than what everyone paid when this mess crashes and they’ll also loose equity. Everything is over expensive and not worth it. We want the American dream home in a safe neighborhood not some over expensive one bedroom, one bathroom house in the slums. It just sucks cause we don’t know when it will get better but what goes up must come down.
@@annechaitu4559 "when the rates go down." Rates right now are still historically low at around 5 to 6%. My parents mortgage rate was 14%. Lmao "when the rates go down."
