This channel is all about living in Maryland, Washington D.C. & Northern Virginia. I'm also a truth teller about all things real estate related and the housing market!
🚨 Subscribe to this channel here: 👇👇👇👇👇👇👇
✅ kzread.info
📲 To schedule a zoom with our team, book here:
calendly.com/caryn01/buyer-seller-consultation
📲 We have so many people contacting us who are moving here to Maryland, Washington DC & Northern VA and we LOVE to help them make a seamless transition!
Caryn Krooth Gardiner
📲 Call/Text Direct at 301-802-4182
📲 Email: [email protected]
👨💻 Website www.NeedHomeInfo.com
👨💻 Blog NeedHomeInfoBlog.com/
@caryn_gardiner_real_estate
Licensed in MD & DC & VA
Compass 12435 Park Potomac Ave, Potomac, MD 20854
Пікірлер
Thanks for sharing👍
I moved out of Maryland in 2016. I do miss it. Got too expensive. Grew up in Frederick County.
At least the madness is waning just a bit in some places. I'm talking about the kind of competition that causes buyers with realistic expectations and requirements to settle for something they don't like or can't afford.
No matter who wins in November, spending our way to a solution would be a disaster. If Trump's last administration was really able to influence monetary policy, then we need to understand if it had a balanced, healthy impact on the housing market at those low interest rates or if it, over time, became a powder keg waiting to blow and 2020 lit the fuse (radical temporary monetary policy, stimulus checks, explosion of remote work, etc.). Home building was very expensive in 2020 b/c of material supply problems and there would have been a housing shortage no matter what, but it seems that more homes should have been built in prior years. Quantitative easing may have helped people to pay things off, but it's fake growth and you can't do that for too long. Thanks for the video. Got me thinking.
What is the actual wording that people responded to? If 82% agreed that they have regrets about buying, that could mean anything. Are they glad they bought but wish they used a different realtor? Are they glad they bought but wish they had bought a smaller home? Never being told what exactly people were asked makes me mostly ignore this stat
Did you watch the video? We go into detail
What cities border DC?
Is this why the assumable mortgage loans are so prevalent ?
I live in MD. Thinking to move back to NoVa. I may need your help in finding a property and selling the one I’ve
2 things realtors need to stop telling their clients: 1) this is just a starter home and 2) get in now so you can build generational wealth (honorable mention: date the rate, marry the house) - greed is fueling this mindset of a starter home, for a lot of people, they just need a home - not some stepping stone for your greed. - you aren’t building “generational wealth”. Generational wealth is something already established by your elders - one home isn’t going to do that.
Debt is SLAVERY
I can’t imagine a seller not being allowed to have a pre inspection to correct any problems before listing their house. Of course where I live you still need to fill out disclosure forms.
I was talking about buyers doing a pre inspection before writing an offer ☺️
@@CarynGardiner Gotcha...I missed it.
I like your style! Please stay genuine
We bought in 2022 and I’m 100% regret my house…
Why?
Not me.
I advised my 26 year old daughter and her husband to buy a newly built house 2 years ago and it was great advice. They locked in a 3% rate and the house went up in value $100k the first year. It’s also maintenance free. Their plan is to pay it off in 15 years.
Blame government for borrowing and printing up money. Creates this little over look thing called INFLATION.
If only if it were that simple: Wall Street property investment consortiums of various sizes have bought hundreds of thousands of homes in each state for the express purpose of raising rents and flip sales for profit. That's inflationary. Pioneer Natural Resources colluded with OPEC to raise crude oil prices, which is the inflationary base for all products manufactured, all food grown, and all products delivered. That's inflationary. Private equity companies load up companies with commercial debt which has interest rates that float with the federal funds rates. As the fed attempts to cool monetary demand with higher interest rates, the private equity-owned companies have to raise prices of goods and services in order to service the debt. That's inflationary. ...and around we go.
Don’t buy, let them bring down the home costs because the fed will not change the rates any time soon, until homes are back to normal!
I have owned several houses throughout the years, but there’s always something new to learn, especially when I haven’t bought one in a long time. Right now I am looking to buy a second home out of state which makes it difficult to just drive up to the house and check out the potential neighborhood and go inside the house. I like to see a house live - not virtual, but my realtor thinks and suggests, that I will just purchase a house from a walk through video. I like to look and inspect things that are never shown in a video and pictures. and feel she’s getting annoyed because I haven’t bought yet, but I have to see a house and the neighborhood right there in front of me before I make an offer. Pictures of houses for sale, and videos can sometimes be deceiving. Very interesting points! Nice video👍🏻
Can you at least FaceTime with her as she drives the neighborhood? Maybe talk to any neighbors she sees w you on the phone?
All but one friend who has bought recently regrets. But she wasn’t that recent. 2019 lol. Realtors are the worst. We are going to start interviewing and will cut off immediately with a wrong answer. We are cash buyers. I’m educating myself, have the names and resources I need. Will not us friends or friends of friends. Still greedy scammers! Maybe I should just get a license lol
Not all realtors are bad 😢. Happy to chat if you want before you start interviewing (just to answer any questions you may have)
Maintenace on a house will send you to the poor house.
It makes me wonder if they had done this before.
I listed my vacation home last summer and got two offers. I refused them both. Both were from buyers that never saw the house. I could see it now: go through all the paperwork and time and a week before closing they decide to finally buy a plane ticket to see what they bought. Suddenly it doesn't look like what their realtor video recorded and the battle begins. No thanks. I decided it was their loss (I love the house) and move in full time myself.
It should be 💯 percent
American Dream is DEAD. Single family homes is no longer a way of the future. Plus buying and selling at the right time is the key. Now is not the time to buy unless one is able to get a great deal.
They will have plenty of time to fully digest the magnitude of their mistakes.
This is crazy to see. I’m a married trans woman and we just bought our first house 2 years ago. We’re so happy in our house but it’s sad so many others aren’t having that experience!
Yay! Love hearing this. Congrats 🍾
Buying a house, in budget, has put me in the position to retire early. Equity gained has totaled 100s of thousands of dollars.
Same here. Now mortgage and debt free.
I have seen this myself. People are buying the flipped homes that are made to look "new" but any experienced home owners could see that it had issues behind the lipstick. Meanwhile I am selling my home which all the mechanicals are new and under warranty and we did a preinspection and addressed all the high and moderate risk items and many of the low items too and people turn their noses up. Yeah its gonna bite them in the butt.
Its crazy to me that people focus so much on the look rather than function of the house. I would much rather change the carpet and such than have to make major repairs to plumbing electrical, etc.
What do these "Producers" actually produce, except for fees for their agency? Literal leeches, feeding off "activity", like the government.
Sold a townhome in an HOA and bought a SFH in 2023 in the middle of rate hikes. Gave up a sup 3% mortgage rate on top of it. Absolutely zero regrets - a better school district, a safer area, and no HOA. Home maintenance costs get expensive if you can’t do maintenance on your own.
Uuuuuuggggghhhhh, so happy I didn't buy last year. The prices here in Central fla are coming down.
Thank you for admitting that realtors. Have a bad wrap. And why. Because it’s so true. And it’s nothing new. Even 15 years ago, a friend of mine was looking for a house and she had her budget figured out, preapproved from the bank, etc. And the realtor kept taking her to houses that were too expensive. And just seem to ignore my friend when she said I can’t afford this house. I’m not even gonna look at it. She got a lot of pressure I think she went through three realtors before she found a decent one.
As a realtor, that’s all bad. I know I won’t waste my time taking buyers to homes they can’t afford. That’s not good customer service nor does it follow the fiduciary duty we have to them. I’m glad she found a good one.
@@arios1977totally agree…. Did not show my clients properties that were out of their budget. Not only that, I encouraged them to make up a budget and really look hard and then decide what payment they’d be comfortable with. All of them thanked me after closing.
20 years ago they were (and still are) scammers trying to make houses as expensive as possible. Even the buy side is in collusion with the sell side to fix prices against the consumer. 20 years ago, the buy side was like, 'Oh you can afford it, let's get you set up with an interest only loan because you don't want to be here forever right?' And after the crash when homes were affordable they were giving homes away to Blackrock and JP Morgan even though individuals were bidding higher on individual homes than these financial institutions.
The other 18% have more money than brains...
Don't over paid . Put large down payment Calculate to same or below rental rate in the area you bought home . Don't be a FOMO .😂
This makes me happy
You won a massive degree of debt.
These new home owners, will never get their money back. Real estate agents spreading FOMO and panic buying.
Thank goodness I still have my house from 2005. Purchased it just before the 2008 collapse and held onto it through the pandemic.
Great advice. Documenting this info.
I live in Baltimore City retired and love it
I bought last year and overall I’m happy. I had a clear vision of what I wanted. A perfect location for me. Also, I’m in Los Angeles and the entertainment strikes last year cut the buyer pool down significantly for several months, so I wasn’t in a competitive situation.
lol where does this "82%" come from? This lady is full of shit.
The mold freaks me out. Why wasn't that captured in the inspection?
I wasn’t there during the buyers inspection but they were there w their agent and the inspector for 4 hours. If they had any concerns, they should have addressed them there and then
Who would have guessed that a house is just a box and the materials to build it don't add up to even 10% of what someone paid for it.
As a builder I assure you that is not true, especially if you include the labor to install those materials.
Proper upgrades only let you sell the house at the assumed proper market value. No upgrades, there's an obvious discount. Are you making money with upgrades, most likely not. You are essentially putting in what you like.
It’s called land and location, $$ Not materials.
@@sheneedsme just materials without labor, which is bloated as well. You can never convince me that a 1500 sq ft home priced at 500k has 50k worth of material. Of course , it comes down to supply and demand. Artificial shortages on inexpensive homes being built is done on purpose to pump prices. The government needs to intervene at this point, and I don't like government intervention.
I had to take on insure the house I bought last week for 50% more than the sale price to rebuild the house in the case of total lose. VA valued the property 20% higher than wait I paid for it. Lot has the single best view in the city. You just have to do your homework, take your time and know how to negotiate. Realtors do this for a business. They work as a conspiracy against you. As such, it takes time and strategy to break them.
Do not buy a house where the sun stays in the backyard in the afternoon and evening. It severely limits how you can enjoy your yard. 😞
Interesting point!
Same thing for AC units. Well, more applies to the southern summer
Yes, Front on house should be Southern facing and back Northern.
@@jsmum196back should face east and front west. I have a house that faces south and we get plenty of sun in the afternoon, but that’s fine with me because I live in the pacific NW where it’s cloudy most of the year.
Lol a lot of those people are uneducated like my little brother. 😂😂😂 my little brother was like I should've bought a house, but didn't even have 10 to 20% for down payment.
That was very informative !! Not
@@questionauthority7377 ? Huh? I guess another uneducated. 😆 🤣 😂 must be one of the 82% who regrets buying.
Well why regret? Prices aren’t going down…your assets are only going up…
Did you watch the video 😉
@@CarynGardiner not all of it… at Houston there is no coming down of price…I have been watching the market since pandemic…
If you buy an overvalued home because of FOMO, then you are digging your own grave. You are putting yourself in a financial dilemma. If the economy in your area turns south and you get fired from your job, then you'll be stuck in your overvalued home crying. Here is the reality, the price of home doesn't always increase. I will give you an example, many owners are stuck in their overvalued homes after Tesla fired thousands of employees in Austin, Texas. The prices of homes dropped dramatically.
@manz5552 by the way, stay away from D R Horton builder and their mortgage lender. I applied for a home loan with DHI mortgage a couple of days ago, and the loan originator informed me that it looks like the loan might be able to work, but only if I used most or all of my retirement account. I then texted him back and told him that it would be a crazy idea for me to do that, and I thanked him for his time.
@manz5552 By the way, stay away from D.R builder and their mortgage lender. I applied for a home loan with DHI mortgage a couple days ago, and the loan originator informed me that it looks like the loan might be able to work, but only if I used most or all of my retirement account. I then texted him back and told him that it would be crazy for me to do that, and I thanked him for his time.
82% of 920 Americans surveyed. That is an incredibly small pool to survey, regardless of any other factors. Factor everything else in, and the "regret" idea becomes even less worrisome.
True but I still find it interesting. Especially the reasons why
0% sympathy, I have watched bidding wars and homes go for 2x their price from less than 5 years ago. When the market tanks and they all cry and want a bailout........
You know, it sounds harsh but I agree. I am tired of people and their FOMO making prices go so high. I live in a small town and the prices here got really bad because of all the FOMO buyers that moved here.
Can they make the monthly payment? I've never understood the whole max out the monthly payment.
Once they sober up, most will realize their pockets have no cash ! Suffer City