3 Things You Have To do BEFORE House Hunting - First Time Home Buyers
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- čas přidán 7. 09. 2024
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A great question for your agent. Do you clip your nose hairs.?
Theres something going on that i think nobody has mentioned. But ive been noticing. Im currently active making offers. And i think there is realtor manipulation which is buffering the correction of prices. Only advise is to stand firm on offers and stop offering over asking price. Ive been asked by the realtor to offer more to have a better chance to get my offer accepted and i pull back and the property is still listed for sale. I had a talk with another home buyer at an open house and brought up the same thing happening to him. Be very careful who you trust to be your realtor. Realtors make more commission the higher the price and might have been investing in real state in the particular community so it might not work out good for them if comparables start decreasing drastically. If we keep over paying we keep validating high prices
That makes sense why things are dropping as fast Did you ever reach out back to another realtor, and maybe put lower offer on the home that is still on the market? Or
10% less than the listed price. Bring your new realtor upto speed about your action plan, you both have to be init together.
Exactly, my realtor refused to let me negotiate the purchase price down on my home. Even though there were issues found in the house. Being new and naive I over paid for the house.
@@smellybut33 Did not make another offer, more homes started to get listed with more square footage for the same price or under. And im seeing more price cuts. Im still making aggressive offers despite what the realtor says. But the face they make when you tell them you want to make an offer below asking price.
Wow you nailed it👍🏽
The first home we had an accepted offer on, we let our realtor talk us into a more expensive home than what we were truly comfortable with. Thankfully it didn't work out for other reasons, but I completely agree with educating yourself to become your best advocate. No one knows your situation more than you. At the end of the day it's your bill
Clip those hangers!
Javier, you are either the best bullsh!t artist or (probably) the most sincere businessman I've ever "met." I have not watched ALL of your videos, but the ones I have tend to leave me with new knowledge/ways of looking at things, or boost my own creativity in this matter. I, and I am sure MANY others, appreciate your time!
I was extremely fortunate that the first agent I dealt with was so over the top in “pumping up” my FOMO that I knew something was NKR (not quite right). He opened my eyes to how manipulative the market can be for buyers (especially first time buyers).
Though I dropped him like a bad habit, I owe him some thanks as he’s really helped me interpret data resources (Zillow, Redfin, etc) with a healthy bit of skepticism, and given me an appreciation for agents who don’t treat me as an easy mark.
That's why they always asked if you are a first time home buyer! What does how many homes I had bought had anything to do if I am preapproved right!
Binging your videos. Some things I should have done earlier- but you're giving me the confidence to make the right moves going forward. (had that "I'm just a 1st time buyer, low budget, small value" mindset). I live in middle of nowhere small tourist town Wisconsin. Houses are mostly owned as second homes or vacation rentals- which is why I need to buy, long term rentals are almost impossible to find. But houses to buy are equally difficult. I'm single income and VA loan... Learned a lot- greatly appreciate it!! (I don't clip nose hairs... & don't think my agent does either lol)
This video came 4 months too late. I like my house but it was my first purchase, I over paid too much and felt my realtor was just trying to rush and make the sale. It didn't help that both my realtor and the sellers realtor both worked for the same firm. I learned a lot from this purchase and now know what to look for and how to vet for a better realtor.
Did u at least aquire any equity with the purchase? If not, you may not need to worry about a realtor for MANY years.
@@danskdna8550 I would never do that again, it felt like everyone was in cahoots to get the sale.
Best quote of the video
"see how they land when you push them"
P.S. I will start clipping my nose hair
LOL!!! Dying at this comment. 😂😂😂
The more i research my area the more depressed i get, you need to have a household income of >$180k/year in order to buy pretty much anything in MA
Of course this is speaking as someone who does not clip their nose hair so take that for what it's worth
Same. I was all happy to have a degree, escaped the low income cycle, and got a good paying job for the area. Then housing costs doubled. It wasn't easy, I didn't date in college, then started my career, then the pandemic hit shortly after. It's hard to see a reason why I should continue trying if I can't afford a place to keep. Plus dating is nightmarish these days. Thinking of just getting a trailer and doing consulting work for more time off.
@@DoubleOhSilver get a side hustle that you are passionate about and do your best to make more money. And go workout. I agree that dating is horrible right now. There is a dating bubble going on right now. 😅 but, become the best version of you and you’ll be fine.
@@Fitness_Lorenzo side hustle is never worth imo, esp once u get a partner. Less time to spend together for maybe an extra $10k a year is just too much to sacrifice. But def hit gym and ask for a raise every year. If your salary increase doesn't match inflation it's a demotion
It’s for that reason I moved to RI
I know you’ve made a few videos in the past but I always find it interesting when you talk about finding/picking a good lender. There’s lots of info about realtors it seems but the lenders seems like a black hole of chance. Not just the numbers game but also the lender themselves. We would especially like to avoid the ones with long nose hairs.
Thank you for all the information you provide. It makes it a bit less stressful for first time home buyers. Also just thought i say i use a nose trimmer but boy does it tickle and make me sneeze uncontrollably...
Hey bro from one professional to another if you ever need a pizza or some wings I got you man. Thanks for el education.
Les go!! You in Phoenix??
Things I learned from buying.... Insurance Insurance Insurance! Lol. No one tells you how much Insurance, flood zones, repairs needed, hoa info and fees, Lender paperwork and approvals, etc... I'm glad it's over and done. Seems like cash deals would be the easiest. Lenders can be brutal. Sacrifices! I rethink dinners, shopping, boba drinks now. Never had to think twice before but its worth it in the end. Luckily, I looked up the market, neighborhood and had a trusted agent. Got what I wanted with the price I wanted. No regets 😅
Thank you so much! I’m in the process of getting a house and I needed this. You are Heaven sent.
Javi thank you for what you do. I bought my first home in July 2021 because of all the information I’m able to gather from you. Gracias amigo over a year now here I come again trying to get some information and market updates on buying an investment properties.
Again! Thank you so much for these educational videos!!! I always watch your videos 3 to 4 times...
Love your content man. Thanks for giving it to us plebs straight
I really enjoyed this video. Very informative.
I saw a video a few days ago which went deeper into what a first time homebuyer should do in the " due diligence" phase. Can you so a video on that...
Ex: what kind of insurance, property taxes etc
Javier, thank you for taking the time to make this. I’m ready to find a new area to retire in and I’m learning so much from that enjoy sharing and teaching. I took notes and will review again.
Hey Javier, I’m looking to buy my first investment property this year (2023) I see house prices already dropping about 10% and I’m starting to make offers even 10% below listing price. 20% DP, conventional, BUT the high interest rates and a possible crash have me second guessing if this is the right move or not. What do you suggest? Should I give it more time? Or go for it if my offers are accepted?
Thanks for always making honest and helpful content!! And no, i don't clip my nose hairs....yet lol 😂
Hey men! Great video, you should do a video looking at their predictions from last year just to see how clueless these companies are
Great video, I clipped my nose hairs ;)
I showed my agent a house that's was sold new in 2018 and now July 2024 listed for 100k above the previous price it was sold just to show the agent how houses were overpriced. Agent told me not to focus on sale history. Then I was like mmmhh???
I wish I had this info a year ago before I bought my house. I overpaid due to pressure.
Congratulations on the baby news.
Just started to see cheap places on market again.
Hi, big fan! Quick question, i know you mentioned this in at least one of your vids re: letting the realtor know if you have emergency savings.
After you've piled up your emergency savings and started looking, do you or do you NOT let your realtor know that you have an emergency savings?
Pls and thanks!
Wanted to ask you if theres a way for a buyer to check on there own if offers are being presented to the seller by the realtor
Have your agent write on the offer a response time. The seller doesn't have to sign it though.
Congratulations on your new baby 🎉
I bought a nose hair trimmer at 26. It is indispensable.
Thank you Javier, this video was great! I was already doing some of the research on my own but this was very helpful. I am actually searching Zillow now for sold homes that fit my criteria in the area I am looking at but I do no see sale prices...and I just clipped my nose hair!
Javier- we are first time home buyers in Minnesota and we have lost on 7 homes now since March (2nd place on most, sellers dropping out of their acceptances to use us as leverage, etc.) Would you be willing to share any advice on how to (1) keep your morale up when hunting and (2) go from a consistent 2nd place to finally closing?
For context: We are writing escalation offers of $2500 over highest ask and we aren’t willing to put more than 2% down in appraisal coverage, but we have been beat by people putting $30k+ in appraisal coverage - and by people who just are putting more %-down on the mortgage. We have even been forgoing inspection (cautiously) on many homes to try to win - we don’t want to be extremely risky though because this is our first home and we don’t have a ton of cash. Just enough for 5% down (with emergency funds saved of course).
dude. AWESOME fucking video!! wow. incredibly objective and very informative, a ton of information reinforcing "common sense" with some great new info in there. one of the first videos i've seen (of this type) that is unbiased, not clickbait, and just a very good source of net good information. havent clipped dem hairs in a minute
Just looked at the sold houses in my price range from last year. They are now on the market for atleast 3x the original purchase price. All flipped and stripped of character. I'm looking to buy next year, but this realization just made my stomach hurt.
Appreciate the reminder to shave my nose hairs and saving me from potential embarrassment!
Keep dropping them videos buddy
1. income( 24month) 2.good credit 3.down payment
Wow, you crack me up LOL
ahmazing vid!! and thanks for nose hair clipping advice as well 👍
Do you publically share the sheet you use in this video? It seems like a great tool.
When you do education video you are golden.
Ha! Great video Javier! And I clip my nose hairs! 😂😂
I can’t lie, I don’t clip my nose hairs until it becomes noticeable. 😂😂
DOMS (Delayed Onset Muscle Soreness)
Thank You so much for the videos. ❤️
DOMS= Delaye Onset Muscle Soreness 😅
Thanks for reminding me to clip my nose hairs 😂
I'm your first like
Great info!
50% of your expenses on a home is insane....
I'm here for the handsome man talk!
What is this video about home buying suggestions? I’m looking for nose hair tutorial and advice! 😓
Coming soon!
I don't cut my nose hairs. Great video lmao
Very good video
Thanks Marie!!!
Great Video!
Hey Javier! Great content, been consuming your videos like I’m famished lol. I was wondering how the purchase of a 2 or 3 family plays into what you qualify for. Say I could only afford and or prequalify for 2500/month but there are places for $3200/month that would cover half or more of the mortgage due to the other tenants. What does the lender do in that situation?
I'm struggling to find the video you referred to towards the end of the video about the questions to ask a lender. Could anyone link me?
I need a nose hair clipper! Where can I get one of those?
If someone has a car payment every month then most likely they have car insurance payments too. You always leave that out
Can’t you just Google the DOM for your area? I don’t want to do all that maths 😆
Love this info, no I don’t flip my nose hair.😂
Great info.... U know u getting old when u start worrying about nose hair 😂
Just thanks for making me laugh unexpectedly! :)
What happens when you don't need a loan to purchase?
@@danskdna8550 Thank you
Hola buenos dias como puedo saber el dti usando una w2 y una 1099?
What about new construction? Should you use Zillow zestimate to put an offer?
Oh and i have 1 long grey nose hair i just can't seem to get rid of😂
Do research on your agent and loan officer/bank. Not the housing market. You can hire a new inexperienced agent or one with bad reviews and not familiar with the Market (same knowledge you have).
I don't clip my nose hairs anymore 🤣
Thank you for all the information 🎉
i know this guy
tableau redfin database is that one accurate?
Javier, your number 3 tip is golden! I'm working on this one right now. How do you find a good agent out of the area? I have a good agent I used before but her service area is within the metro area and I'm looking to buy an hour or two away in the rural areas.
1 save money. 2 check tax sales 3 get out of debt.
But I mean wouldn't it make sense to also get days on market & absorption rate for the type of home you're buying? (Ex. Houses in your price range) Or is the general number good enough?
I think the more specific you get the more insight you generate for your desired house. For example, homes that come up on the market for $200k likely sell much faster than homes in the $500k market. Variation may also be seen based on square footage or the number of rooms, single or two stories.
I’m in mid west and my gross income is over 9k per month, but after tax 401k insurance and fica, my bring home is about 6k… so, well, you know.
Ohh poor you .. 6k a month ..what a hardship
Here b4 1mil❤❤❤❤❤
Shadow Temple?
Y Como se dice 'nose hairs' en el espanol?
pelitos 😂
I'm your second like
I clip my nose hairs because I'm hoping to have enough hairs to make a wig for myself
Everyone needs more than their salary to be financiaIIy stable. The best thing to do with your money is to lnvest it rightly so it grows because money left for savings always end up used with no returns... 💵
Not only great real estate help but body grooming too! Lol 😅 Clip them nose hairs people!
Clip nose hairs😂
too much info for your average buyer.. your premise is great have some background info, don't 100% trust your lender/agent..
Which is why I recommend people to watch it multiple times or watch it at their own speed. I would rather give too much info than not enough!
Bruh, I’m all caffeine pills
I don't want to clip my nose hair.
I just showed up to watch a handsome man talk...
Fuzzy navel? Oh sorry I meant furry nostrils
Here to watch a handsome man talk
Nah fam I tweeze my ear hairs
lol
You did ad break? how dare you 😂