The best time to buy a house? When You are ready.

@deehope9477

3 жыл бұрын

Lol love this one!!

@rustedflakes1136

3 жыл бұрын

hell yea! im ready!🤙😎

@propertypointers

3 жыл бұрын

I was about to post the same exact thing. When people ask me if it's a right time to buy or sell. I always respond, "depends on YOU".

@melouellette251

3 жыл бұрын

I was ready to stop paying an ungodly amount for rent each month. Even though homeownership comes with its own costs, it was worth it to me.

@jayc4715

3 жыл бұрын

Ugh....no

The only person I trust on KZread now talking about the housing market

@mony1852

3 жыл бұрын

Seriously, everyone else are just brainwashers saying everything is fine and it’s good to buy. When it’s not 👌🏼

@justSomeUserOnYT

3 жыл бұрын

​@@mony1852 If it isn't good to buy, I ask myself how I managed to purchase a perfect home that was at a completely normal price? Oh that's right, not every single city has the same housing issues, and a lot of markets are completely normal. The only thing in my market was that houses were going quick. Just get the first offer in at value, and chances were you'd get it.

@mony1852

3 жыл бұрын

@@justSomeUserOnYT very true! The market where I live has been crazy! But I’ve just been patiently waiting while saving to see what happens 👌🏼

@taroman7100

3 жыл бұрын

Javy is a great discovery. Love his delivery and his voice.

@theone9265

3 жыл бұрын

Javier is the TRUTH

Just bought a house a week ago, but you better believe I’m still watching every single Javi upload

@NymeriaDT

3 жыл бұрын

I bought a few months ago and still watch. Need to stay abreast of changes.

@LP2488

3 жыл бұрын

Same here bought one in October and still watching

@valgreenist

3 жыл бұрын

Same here 😂

@Pixiecut75

3 жыл бұрын

Congrats, same here

@bday9256

3 жыл бұрын

Feel that signing tomorrow and will still watch

Just my observation over several decades; every one I know who bought a house and stayed in it for years has come out ahead in life. Renting is paying a mortgage, for the owner.

@craigman7262

3 жыл бұрын

exactly. The problem is everyone wants to buy real estate to rent out but the problem is the market volatile now. But if your buying with the intentions of actually living there then you don't really care what happens because you still need somewhere to live and your rent AKA mortgage is fixed thus you always come out ahead cause inflation.

@GarrusN7

2 жыл бұрын

Yeah that's the thing he talked about. It used to be that way but now and going forward it's not a sure thing a house will be a great investment.

@Erintii

3 ай бұрын

Precisely. I prefer to pay own mortgage.

The people thumbs down 👎🏾 the video are realtors!

@legony1

3 жыл бұрын

Or, they are people who feel like they deserve a house even though they don’t have any money to make the purchase. 💅🏻

@simonsayshi

3 жыл бұрын

😂 facts

@brandisellsdreams384

3 жыл бұрын

I'm a Realtor and I totally agree with him! I even send his videos to clients who are just getting started and have been given the rainbows and unicorns talk by some lender or other agent who isn't there for the right reasons.

@zen4dman

3 жыл бұрын

Hey, I'm a Realtor (and was a Financial Advisor in a previous career - and Javier is right.) In defense of my colleagues, I believe that many Realtors would advise you similarly to the advice in this video. There ARE many real pros out there!

@JJ-mh3hb

3 жыл бұрын

Realtors are worthless scum

“You need a THIRD savings... and I’ll tell you why...” YESSSSS finally someone is saying thissss

Back in 2017, I planned to buy a house in 2020; I closed yesterday. Bought a move in ready home, in a good neighborhood for a fair price, payments are less than rent. People should buy when they are ready, you know when you know. And yes, #1 thing is you must have your money and credit straight.

@starchelseybrooke

3 жыл бұрын

Yes!!

@shallowlove9507

3 жыл бұрын

Thats what I'm looking for. Pyments less than rent. I just want a place to live where I don't have people telling me what to Do with my house.

@jermainemarshall6819

3 жыл бұрын

@@shallowlove9507 don't move into an HOA then

@shallowlove9507

3 жыл бұрын

@@jermainemarshall6819 looking for that too! No HOA bull... If it's my house why should someone tell me what color I should paint, what additions I want to make etc...what to have what not. None of their business

@esme9455

3 жыл бұрын

What State did you buy? Must not be in Cali for sure

agent: It’s a great time to buy! Interest rates are so low Same agent when interest rates spikes: it’s a great time to buy!! Prices have gotten so low! In conclusion: anyone can tell you it’s a great time to buy in any environment. Make sure your money straight is all.

@andyhuang7526

3 жыл бұрын

Not really , because the prices are too high ! Been looking for a second property for about a year now , but.... no ! They want too much money !

@philmarsh7723

3 жыл бұрын

I'd MUCH rather buy with higher interest rates and lower price than the way it is now.

@bobsibert1968

3 жыл бұрын

lol, you win the stupid comment of the day award! Only fools are buying in this sugar high..

My sister is a realistate agent and she doesn’t give me the cold hard facts like you do. I feel like you are talking to me and yes helping me so thanks for being real!

@XiaoPP1

3 жыл бұрын

Your sister trying to bank as much as possible before market tank.

@cn-yg6vf

3 жыл бұрын

A hot market is always good for a real estate agent

@Ops535

3 жыл бұрын

She is not ur sister any more....

I totally agree with you! I work with a lot of VA and FHA clients who have been very misguided by industry "professionals" who have done them a tremendous disservice by selling them the 2019 home buying script. It doesn't apply right now! I've talked people into waiting and not buying - and I sleep at night knowing that I had their backs. I want my clients to live IN their homes, not under them. Keep up the honest work; we hear you!

Many people have no idea what real life is like, when you have to fight for what you want and need. Too many today are used to being handed their wish on a silver platter. Thanks Javier for being so honest and realistic about what may happen and when, and when it is not right to make this big of a financial jump. Buying a house is not like buying that shinny new Beemer or Lexus, or Tesla. This purchase may haunt your for 10 or more years if it's not right for you. Like the viewer below, I also recently retired and sold my home that I owned for more than 20 years. I've been planning to be exactly where I am financially, all that time. I've lived below my means, and I've also been lucky to have had a great career. And now here I am in California carefully looking over the real estate market for my next purchase. In fact, I just got home from looking over a couple of houses. Good luck!

Been in my house for 13 years. Just refinanced at 2.8%. Bringing my payment down. By 227. I’m staying here forever. Planning on paying it off. 👍🏼

@11nica5

3 жыл бұрын

Good for you.

@myuniverse8457

3 жыл бұрын

Same here. Stayed in my house 11 yrs. refinanced at 2.75% and cut from 21 yrs to now 15 yrs.

@elguapo3811

3 жыл бұрын

I paid off my home in Garland Texas, but I don't I want to stay here. Taxes go up every year with the number of shootings and homicides. All the taxes we pay but we can't even go walking safely without risking getting shot. Not worth it.

@griselleisara3799

3 жыл бұрын

@@elguapo3811 oh no. 🥺

@itshaileydanielle

3 жыл бұрын

@@elguapo3811 I’m in Dallas right off 635. We planned on looking in garland but way too high! We’re looking in Aubrey now due to the taxes being low. At least for the next 4-5 years

No nasty comment, just a thank you for keeping it honest and realistic and helping me get my head in the right direction. Much appreciation for you Javier.

Just found your channel tonight, you absolutely deserve every like, (nice) comment, and every subscriber because you’re honest, funny and very helpful! Thank you!

Appreciate everything you are doing/saying. Thank you for representing for the people!

This was the reality check I needed!! I had a feeling that I wasn’t ready but couldn’t articulate it as well as you’re able to! You hit on every point so well that it hurt but I’m grateful I saw this. That point you make about FHA and VA discrimination is very real, even scares off my agent from working with me once they learn of the loan type. There’s a very palpable shift in the tone.

You are on point. Bought a fixer upper and immediately had to put 12k into repairs...drywall, paint, carpet, AC repairs, broken toilet, etc....it sat for 3 months because it was an overwhelming project that was gonna cost cash! Bought it $15k undermarket 1 year ago and couldn't have been more thrilled with our progress.

Javier: I'm not trying to scare you Me: Too late! Your videos are terrifying but I appreciate your honesty! We are closing on our first home tomorrow, in CA of all places, but we MUST move and all of your "don't buy a house unless..." things apply to us, so in a weird way, your videos also make me feel more at ease. Thank you for helping me stay sane during this process!

@NickyStade

3 жыл бұрын

@@DIVISIONINCISION I'm a CA native, but now we'll own instead of rent.

@LivingLasVegasandHenderson

3 жыл бұрын

@@NickyStade This guy is straight fear tactics for views. He hasn't lived long enough to understand real estate.

@KP-vf5cg

3 жыл бұрын

Nicky, Just like his thinking and maybe in same situation as you, back in 2005 near the peak of the housing market.. I was aware of housing bubble, but I had to grab a house to start my family. If you google you can see market bottomed within 5 years and came back. So you just need to go in to your purchase with same assumption. Don’t look at it as financial investment, but rather investment in your life to be able to certain things if you weren’t renting.

Saw a couple videos that were great, this video forced me to subscribe. I appreciate your work, thank you for you honesty.

I’m ready for a long term commitment! That being said I appreciate this video! People should be careful!

Bought a house in July...still watching! He's not even in my area, he's just that good! 👌

I love your honesty and education you provide in your video’s! I live with my parents and have been saving and improving my credit for years. Everything that’s going on right now I’ve decided to hold off until the crash 💥 what goes up must come down. Thank you! I

Thank you! I appreciate your honesty. I wish you and your family blessings.

Thank you for being so honest and open! I have been watching a lot of videos on buying and they all make it seem like it’s the easiest thing when I know I’m getting lost and confused! I know I can trust you!

What a great video! Javier is so personable and engaging, and the emphasis on SELF RELIANCE is SO important! This is funny, well-produced honest, and helpful.

Literally spit out my tea when you said " the only thing you will be handed out is your butt" omg too funny and so true.

Thanks! I appreciate someone being straight-forward then sugarcoating it. I appreciate to know what goals I should be working on before buying a new home. New Subscriber!

Love the transparency!! Thank you for this insightful video! I was rushing into buying a home but I’ve got some work to do. This video was the confirmation I needed.

You’re just super funny! I love your transparency.

Please continue to preach Javier. Preach. I'm closing next Monday. I've been prepping for this well over a year. Tuesday I'm making an another offer on a rental property which I will keep for a minimum of the next 10 years. I am not sweating. Preparation is key to any endeavor in life.

Super solid advice. I appreciate the straight-forward talk, no BA, no gimmicks.

Thanks for being real. Not a lot of realtors out there like you. Glad to know there's honest ones out there.

I lost half the value of my house in 08 and the economy wasn't half as bad as it is today!!! Good luck to those that bought recently.

@isaacklostermann3936

3 жыл бұрын

I just bought and don't need you luck because we plan to stay for decades so the short term doesn't really matter.

@GabrielHernandez-bs3tc

3 жыл бұрын

@@isaacklostermann3936 Congratulations Issac. Hope thing turn out better for you, than they did for me in 08.

Asking a Real estate agent when it's a good time to buy a house is like asking a car salesman when it's a good time to buy a car. What do you think he's gonna say? People are just dumb....

@Navs126

3 жыл бұрын

Only thirsty agents act that way. Find someone who actually does well and they’ll be straight up with you.

@jvrsy86

3 жыл бұрын

@@Navs126 According to google 87% of agents fail within 5 years. So that means most agents out there are thirsty.

@brandisellsdreams384

3 жыл бұрын

I am all about truth and actually helping people make the right decisions. I've talked several people into waiting and watching, or counseled them that just because a lender tells them they CAN, doesn't mean they should. It's hard to undo bad reputations and bad advice - but some of us are out here trying to do good. 👍

@mariaalejandraacero-escude4640

3 жыл бұрын

It’s always a good time to buy a house. Just have your plan, have your savings, credit, etc and plan it as a long term investment... every buyer or seller is unique as real estate market is. Take an Educated Decision.

@briancushley4182

3 жыл бұрын

Ha

Keep up the quality vids! With your channel, I usually chuckle while learning, my favorite kind of content.

Thanks so much, my friend. I hear ya loud and clear!

Thank you so much for this thoughtful video full of critical analysis and hard hitting truths! I deeply appreciate how your videos aren't all sunshine and rainbows, and I feel much more informed and capable of making a smart decision rather than hearing more video pep talks on how buying a home is possible (which it is, but is it the smartest move for your situation?). You have no idea how much you helped as a young person getting pressure from family to buy a home! :D

I was ready and I made offer on couple of houses but got outbid. Looking at the market and inventory, its clear to me that I need more money, to comfortably buy a house. Glad I went through the process and tried because I understood what I wanted and if I was ready. I am a single mom and just knowing I am not fully there yet is success in itself. I don't want to be house poor. To add - I learned to stick to what the house value was to me. My invisible line in the sand was to NOT offer more than asking price. All this prevented me from bad decisions. Honestly, if sellers want more, should just ask for more. I refuse to play their games.

@QUEENMOTHERMECCA

3 жыл бұрын

I'm proud of you! Im taking action now myself. The worst that could happen is that I learn how to play the game and best case scenario is i purchase my dream home.

@tlemon305___

3 жыл бұрын

Same here!

True I like all your video,I’ve been watching a lot of this video about buying a house from those had a million view to the smaller view an I came across to your video and I think yours is more genuine and close to reality .

Straight talk, and good advice. Thank you! Personality kept the video interesting. Not an easy market to shop in.

JAVIER! Just found your channel a week ago and im so glad i found your channel. You're super funny XD and provide really good information!!! i hope you keep making videos! dont stop!!!!!!

@JavyVidana

3 жыл бұрын

Thank you Melvin!

I COMPLETELY AGREE WITH YOU, JAVIER!! I am a Realtor in Miami and despite all the buzz in our RE market, I refuse to say that everything is just fine... Clients need to know what is really going on so they can make the right choices. Way to go! THANK YOU!! 👏🤗

This is the second home buying video I watch. Thank you for your brutal honesty, we need it

Thank you for being honest! As a first time home buyer this is exactly what I need. Sometimes you just have to face the cold hard facts.

Ive been telling those close to me or strangers this same info. I am a Realtor. It is time to be a Listing Agent or expand on other ways to best morally and effectively use our craft.

A lot of people want a good lifestyle , but the way they spend can't see them getting that lifestyle anytime soon , the rich invests more and spends less

@successchasers835

3 жыл бұрын

The rich gets richer by investing while the poor just spend like the rich without thinking about a good investment to go into

@pathstudio7777

3 жыл бұрын

Good investments are life savers

@stevewood9417

3 жыл бұрын

I am pretty aware that loosing out on trades can be as a result of trading with little or no experience at all , and I have heard about expert George's skills , please how do I connect with him ?

@martinezfelix5227

3 жыл бұрын

Depending on stream of income has never made any millionaire , and earning checks don't put you on Forbes.

@ramseyalberto3504

3 жыл бұрын

The best time to plant a tree was 20 years ago and the second best time is now

Thank you for HONEST, educated advice! We need more of this.

Great advise thank you! Watched your videos all through my house buying process and it was a success.

Being a native Phoenician. That’s for all the helpful insight

Let me start by saying I love your videos. They have been instrumental in helping navigate our move from the bay area to Phoenix metro. I have to say we are the exception. We used FHA w/ DPA and started out asking for closing costs. We quickly learned that was a no go! But after 3-4 month of searching, turned down offers and an appraisal that came in way under asking price, we finally found a seller in Maricopa who accepted our FHA with DPA. But we still had to come out of pocket for cost associated for closing. It is possible to do. I think I gave up about 14x but had to keep trying as we were relocating for work.This market is not for the faint of heart but it can be done! (I totally agree, you need to be in it for the long term)

That’s right Javier !!! Education is thank you !!🙏🏻

Thanks for your opinion. You’re right , you are educating people and giving us advices. It is up to a person to decide and it depends on their situation.

You are so right about the discrimination against FHA buyers we are using fha but we're paying for everything no assistance and paying our own closing costs we put an offer in on two houses and within minutes the 1st one turned us down for a conventional the other houses accepted our offer with joy long story short the 1st house ended up calling my realtor later that evening asking if we're still interested because the conventional offer changed their minds 😆 NOPE and the house is still on the market 8 days later 😋

We are trying to buy we have been saving for 2 years and working on credit. We down sizes for a whole year into a travel trailer while my husband traveled for work. We are taking time to find a forever home.

Javier, you’re honest, funny, and give great advice. Thank you!!! A rarity in the KZread maze.

Really great in your face advice!!! Honestly I love your candor and pure common sense... More people need to hear this message.. Take care God Bless.

Javier I love your channel. You're 100% right about not buying a house unless it's a long term thing. People can't do simple math to calculate all the RE fees, transaction costs, etc. that come along with buying a house and even the cost of moving itself. Not to mention the time, cost and stress of buying and moving. They say there's a 5 year rule but in this crazy market, I agree it's a 10 year rule. If you don't envision yourself in the house for 10 years, you have no business buying. My next door neighbor just sold their house for $15k over appraisal, and it would've went for more if the appraisal had held up higher.

Thank you for being honest about the savings! I’ve had realtors look at me like I’m crazy when I say I’m aiming to save 20% down plus closing, repair costs, and emergency buffer. I want a place that I can fix up to my own tastes and have paid off in 15 years, then roll that emergency fund into retirement!!!

@marsmons2118

3 жыл бұрын

..... that being said, would someone like to give me $20k?

Thanks for the tough love! Your videos are super helpful and smart.

You’re the only realtor on KZread that makes me laugh with your edits and your low-key humor. It makes the content enjoyable. Subscribed 💪🏼

My standard procedure for watching Javier’s videos: 1. Tap on video 2. Hit pause 3. Tap the “Like” button 4. Hit “play” and enjoy! Great content every time!

Just bought our first home. OOF it's been a tough market. But think we found the perfect spot. Hoping everything goes good through closing.

@JavyVidana

3 жыл бұрын

Enjoy it Chris!

It's crazy how the market is right now. Thank you for this information. Sending you happy smiles!

Speaking the truth!!! Even though sometimes I dont want to hear it...your are absolutely right about having everything in order especially during this crazy market.

As you invest in houses, also diversify your allocation by investing in the different streams of income as that will increase your return potential (Profits) & help decrease risk by taking your investments beyond stocks & bonds. Long term plan is highly beneficial ❗❗

@emprendedurosclips8392

3 жыл бұрын

Totally Agree!! The real secret of building wealth is having multiple income streams.

@leonmuller8204

3 жыл бұрын

Yeah but it will be much difficult for beginners that doesn't know much about other streams of income to invest in...

@normavera6843

3 жыл бұрын

Passive income clears unnecessary debts and also a powerful strategy for growing retirement funds

@gregalbert1588

3 жыл бұрын

Great Advice

@nicomorales244

3 жыл бұрын

@@leonmuller8204 That's why it's advisable to invest with a broker or reach out to an investment advisor and work on your investing tolerance, risks management and get familiar with the market. Speculation is most dangerous when it looks easiest, INVEST SMARTLY.

It’s definitely a very personal choice right now. I’m in South Florida and pay 23k a year in rent which fkn crazy. I’ll be buying for that reason alone.

@taroman7100

3 жыл бұрын

yep, get the down cause renting is a rip off. It is not the alternative we used to have.Been there many times with renting.

@sandersc85

3 жыл бұрын

Feel your pain man.... im in SFL too

@waterheaterservices

3 жыл бұрын

Colorado, paying in rent per year what would buy a modest house in some states. Nuts.

@betruetoyourself7162

3 жыл бұрын

@@waterheaterservices yeah I feel you. A couple working for Australian military was renting a huge 5 bedroom house for 4400 a month. It is near me so not in a great/prestige area, but the house they rented was new

@diamondunicorn2421

3 жыл бұрын

But you don’t have to pay for maintenance of the property your renting.

Hands down the best channel for first time buyers! I’m binge watching your videos and making a timeline ASAP lol

Lots of love for you!!!! Thank you for being real ❤️❤️❤️❤️ protect this guy !!!

My friend bought her home with VA loan, within 2 months closed, not bad.

Buy a house when you could afford it and raise your family in.

I recently stumbled across this channel and love this guy, he's so entertaining and truthful! I think I'm gonna subscribe...

Buddy,You’re the best!...GOD be with you always!🙏👍👍👍

I’ve been saving to buy a house in a nice area I have outgrown mine. However the prices are crazy and people handing over 5 or 10k cash over value are not thinking with their brain. The bank is literally telling you the house is not worth that much. Then your gonna be stuck with a over valued house with high taxes and insurance. That’s why they say patience is a virtue. Because when this very insane market crashes I’m not gonna buy a house I’m a gonna buy a few. They keep saying now is the time to buy interest rates are low and that couldn’t be further from the truth. Interest can always be refinanced but you can’t refinance the purchase price.

@FallenTreeNation

11 ай бұрын

😢

You know what porkchop, I like your honesty and I wish ppl would be more like you

@ab.6031

3 жыл бұрын

😂 porkchop. 😂😂😂. Priceless

@richierick96

3 жыл бұрын

That’s fucked up man 😂 why you called this man pork chop?

@tellthemjoe100

3 жыл бұрын

@@richierick96 it all love, he doesn't like being called buddy so I gave him a nickname porkchop hopefully he like it

Dude this is so what people need to hear! I applaud you for speaking the truth and not getting people in over there head!!

Thank you for being transparent and honest

*Home Buyers: Hi, Do you want 10K.* *Realtor: Yes! Now is the time.*

@maryherbivorre3393

3 жыл бұрын

Right?! 😂😂😂

Not sure if I should watch this, closed yesterday on my first home...haha

Thank you for the honesty and knowledge!! It's truly appreciated!!

Wow you are rightttt on!!! And with a sense of humor! Good job. I agree 1000%. Thanks for the video!

"It doesn't work like that sweetie" 🤣

I'm a Realtor in Denver and I would never tell anybody to buy or sell at a specific time. I sit down with them, give them all the information on the current market so that they can make a decision for themselves. I don't want them to feel any pressure from my end to make a decision they would regret down the line!

@cmfj3120

3 жыл бұрын

Do you see the Denver market changing much over the next year or so?

@cmfj3120

3 жыл бұрын

@@DIVISIONINCISION yeah I know I’m a native, prices have more then doubled in the last 10 years. Horrible place to be. Hoping reality sets in, whoever is buying now is getting majorly ripped off.

@cmfj3120

3 жыл бұрын

@@DIVISIONINCISION you that’s my only hope.

@MichaelJanzer

3 жыл бұрын

Personally I don’t see the market changing in Denver anytime soon. We have so many people looking for homes right now and so few sellers. Most places in Denver have about 2-3 weeks of inventory which is insanely low. As long as inventory and interest rates are low I imagine it’ll stay the same for quite some time (2-3 years) before leveling off. It’ll be very interesting what happens once all the Covid restrictions are lifted (whenever that will be) and if a bunch of sellers feel comfortable putting their house up for sale.

@GeekyGizmo007

3 жыл бұрын

@@MichaelJanzer What about colorado springs? Are you familiar with that area? Also, are there any hot-spot potential areas you'd recommend looking in? With this huge shift to work-at-home culture there's likely to be some hidden gems out there primed for growth.

Yes!!! Education is power! Thank you for this video

Bravo!bravo! You kept it 💯% real. Me and my wife was screaming “preach Javier!” 🔥🔥 we are a true example of why we decided to wait. The house of are dreams got snatched away because my offer was not aggressive. Someone offered 10k more then me LOL unreal, but we took it on the chin and said we will catch it on a better price 🙏 thanks for the video.

I'm currently under contract on a house, and one of the only reasons my offer got accepted was because I was above appraised value and I was flexible to the seller's situation. The house had 29 offers on it, and I had the lowest offer out of the seller's top 5. It's a crazy market... but at least the interest rates are good right now lol

“Long term gamble”- Agreed

@freyafoxmusic

3 жыл бұрын

Me with Bitcoin

Love your channel the best. Knowing your in Arizona im on east coast there doing same thing here sellers market starting to dwindle down. Appreciate all yout help

Javier I appreciate your honesty, thank you so much.

The best time to buy a house is when noboday buy a house 🤓

Buy a house to live in, and not as investment right now. And if you’re financially solid. You’re fine and buy a house now...

@bobsibert1968

3 жыл бұрын

Nah, wait for the crash and have greater wealth!

@jonathansumilang9220

3 жыл бұрын

​@@bobsibert1968 let me borrow that crystal ball. No crystal ball needed if you know your personal finances.

@lemongrass3945

3 жыл бұрын

@@bobsibert1968 There will not be a crash. If you know anything about the market. It is not like 2008. There is a crazy lumber shortage right now causing lumber prices to go through the roof. Lots of places across the country were not building homes due to Covid. Its basic economics with a lumber shortage, and a housing shortage there is virtually no supply and high demand. This will keep the prices high. they may come down a little not much. Also good luck if you are in a state like Arizona, Florida or Texas where people are moving there in record numbers.

I am behind you, Javier! I agree with your assessments!

Thank you for your honesty! It is more appreciated then you know 🙂

Investing in Assets is the cheat code for having a successful financial life.

@gunterfischer3489

3 жыл бұрын

Investing in different streams of income that don't depend on the government to bring in money especially now the pandemic is hitting the economy pretty hard will be the wisest decision.

@chennaimarketerr

3 жыл бұрын

Investing in bitcoin is lucrative and a big chance to make money online

@claramore4307

3 жыл бұрын

@@chennaimarketerr yeah sure and investing in it right now will be one of the best thing to do

@jeroldstokes6065

3 жыл бұрын

@Angelina Kimberly That won't bother you if you Invest with a professional like Mrs Cynthia Edna mchenry

@jeffclifford5731

3 жыл бұрын

@@jeroldstokes6065 I heard that her strategies are really good

I was actually JUST about to get qualified on a loan, glad I subscribed

@ztigris

3 жыл бұрын

I have made so many notes from his channel and Shaheedah Hills channel. Great education

@simonsayshi

3 жыл бұрын

Not a bad idea to get pre qualified . The perfect opportunity is coming and for people that can truly afford it . It is also a great time to buy as long as your not looking at this as an investment . This is a home

@simonsayshi

3 жыл бұрын

💯 facts he is speaking . As a mortgage processor and mortgage modifications specialist. I tell people all the time. Don’t let no one tell you when is the right time to buy. Take care of your long term goals . I paid off all my debt instead of buying last year . No one cares about you .. facts

@paulettepoole5476

3 жыл бұрын

@@simonsayshi Are you saying the perfect opportunity is coming in the future? You also said it's good now. Which one?

@simonsayshi

3 жыл бұрын

@@paulettepoole5476 everything depends on you and what you are looking for. If you can financially afford the house that means the payment is 30 percent or less your housing to income ratio then that is a safe bet you can afford the house in the event of a market crash. The rates are so low that it may make sense for some. Now when the market crashes the house prices will go down but the rates will likely go up . How much that is to be determined. .. like he said find out your long term goal .. that’s a real important step. I have had relators trying to tell me the right time to buy is now for the last 4 years. Even tho they know damn well it wasn’t the right time for me. I had to file bankruptcy and even tho I picked my credit up fast they were like you can refinance later. Trying to get me to lock into a 9% rate when the market was at 3%. I decide to pay off all my wife’s and my debt in 1-2 years. Now I’m in a better situation. In short the point is that you have to do what’s best for you . So do your homework many don’t understand that a house is the biggest financial obligation you make and it can be the difference in a happy life and stressed life

Wow! Thank you, Javier- realistic, valuable, straight info- I will be a first time buyer, and I've subscribed.

You are absolutely right about being prepared. I close on an out of state real estate deal tomorrow. I have been preparing for a moment like this.

The realtor we had for our first place gave us a lot of similar advice. We closed at the beginning of April last year and we needed to save about 5k more than what we had for closing costs. Luckily we had a few assets to liquidate, but our realtor basically told us at the start “we’re not going to be able to close unless we have 14k minimum.” After close everything came out to about $13,800. Always save more than you think you’ll need, because then you can add that money to your house savings or whatever you need it for. It’s definitely not our dream house, but it’s at an affordable rate and below our means. It’s the perfect starter home!

@rainthemadocracy384

2 жыл бұрын

$13,800 closing cost alone, or for everything?

I really thought that Santa was a can of whipped cream at first

I have never in my like had anyone give me a straight talk like this. Wow did I learn I mean I kind of knew but I’m the type of person that jump into decisions quickly and this thought me to me patient. Thank you! So much for the honesty. 🙂

I admire you for your integrity & honesty.