3 Things To Ask Yourself Before You Buy A Home
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- čas přidán 9. 09. 2024
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I literally watched this 2x in a row to absorb it more.
Take notes the 3rd time 📝
I was on the toilet, when you said,"hopefully not on the toilet" 🤣
Oh no I haven't reached there yet in the video but I am on the toilet lol
Me too hahaha
same
Dude I watch all your videos on the toilet in the am, good morning!
Same
Don’t worry, Javier. You are not alone. My struggle word is “rural.” Try saying it without sounding like Scooby Doo. You can’t.
Same!
Same!
I bought my house 4 years ago and I made a big mistake I didn't ask about the school district and now I'm suffering
Just curious about why a school district is not good?
@@413_RYDER I think she meant to ask if it was a reputable school district something she would want her kids in or how far away the school is compared to her home.
This channel is such a hidden gem and I hope you hit the 6 figure follower mark!
He's already at 6 figures
I think u mean 7 figure
@@shawn1869 - yea you're right and the dude above me lol. My b
In this market, I would say allow plenty of time to look if you are able to. We’ve been looking for houses since the beginning of the summer and put a hand full of offer an none of them have gotten approved even when offering above asking. Thankfully we are not in a hurry to buy. Love your content, keep up the good work.
Agreed. Took me 5 months and many offers to find a place. Given the market, I was prepared to pay 2 months rent to break my lease early if necessary. Ended up working kut that i closed 2 weeks before the end of my lease.
Is 5 months gonna be enough? I haven't even started the process 😩
Started my process (applying for loan/contact realtor) on April 12th. Moved in May 22nd.
Congrats!
Re- timeline, you might need to plan a month or two of double payment rent/mortgage if you're planning on remodeling/ repairs before you move in. 😉
I need out this apartment I lived in since 2013. I gotta do whatever it takes. Meeting my realtor next week. Wish me luck!
I still watch this channel and i bought a house last June. Great info
Don Javier @5:50 : Hopefully not on the toilet.
Me: yaaaa weeeeeeeeyyy!
Javier, these videos have been amazing. Thank you.
for the questions at 6:45 where would I look to find the answers to such questions?
Also thanks for the content!
7:54 was a fun, I love these video edits 😂
Just subscribed after I heard you say “Ponte Las Pilas!” …I hope to buy a home next year after we learn everything we need to learn and continue to add to our stock investments and savings to meet our $$$ goals needed to buy a home in the Bay Area which sucks!! $$$$$ too much to buy out here
I subbed from your last video. I feel I want to get a house but I’m single right now and i feel homes are for families or at least a close nit family
I’m watching this on the toilet. Do what you want with that information.
Easy way to calculate percentage grab the number that you want to percentage of in times it by the decimal
Solid information on what someone can actually afford. As a lender I have this conversation with people daily. What I can qualify them for and what they're comfortable paying are two totally different things. However, the one thing I do mention to them about what they can afford now is that chances are their income will increase yearly. So if they have a track record of getting a 5% raise annually, well think about what the income will be next year and the year after that. Of course things like cost of living and property taxes increasing will bite into that 5%, but to me it's not so much about right now, but what will their financial picture be a year or two down the road.
I have all in order and i'm freaking out about this process! I'm super scared to start the application when I know I got this!!! My anxiety!!!!! Squirrel +
Itll be worth it. Keep pushing through.
Loving the videos man I’ve been learning a lot from you
Such great info and you are hysterical! Keep doing what you are doing this channel is awesome.
Great info Javier. Keep up the good work!
Hello I live in the Kansas City Missouri community and I'm trying to buy a home with a good school district because the house that the house that I'm paying right now doesn't have a good school district do you think I should wait cuz the house market right now is so high
This information is really important. I’ve been watching your videos since the beginning of my journey and it’s helped tremendously. 🙏🏽
Great Video & I,m happy to see you looking healthy…🤓💪🏿📶🏡
this market is crazy, can't get an offer accepted w conventional going 1-5% over asking.
Definitely watching this on the toilet, ohp.
Questions to ask yourself about the house. Do you love it?? Do you love the location?
Also, being house broke freaking sucks.
Reference website also helps. Thank you 🙏
Great video, Javi Papi.
The 28% of gross pay rule really helped me create a baseline. The search continues
Saw a house that we like but it’s FSBO, how different is that type of buying situation
I really want to buy but market is so tough. I have the down payment but might have to rent more for a bit.
First time home buyers?
@@jaredfrazier2216 yessir
That rental thing makes it so much more difficult when the nature of a lease forces you to hone in on one exact date regardless of what is happening with your home buying situation.
@@astridgalactic9336 Trying to figure out when and for how much your current home will sell, so that you can buy another, can be an even bigger headache.
I would see if the leaser would let you go to a monthly lease for a bit more.
Everyone expects a housing market correction, I bet the housing craze continues until 2023….Millennials are just getting started…….
It’s not going to correct untill 2028-2030. This isn’t like some bank bail out or mortgage default like in 08-09. We closed down the economy and printed shit ton of money.
@@One-12937 eh. 2025-2026
@@MikeyBadabingBadaboom lmfao you wish.
@@One-12937 what makes you think 2028-2030?
I am a fan of your channel . Can you make a video about " how you do want to become a real estate agent .?
Make a video how what steps to become a real estate agent. Beside taking a real estate class .
Love this video! For sure going to be using this tactic in the near future! Just Subscribed to the channel 🤟
Very helpful 👌
Great video!
Houses have gotten so expensive that the middle class is starting to get priced out. To be honest it’s pretty sad that all these contingencies need to be thought out prior to buying houses that are being built in under 3 months now a days…
Right? Houses have gotten way easier to build. They should be way cheaper than they are. It's absolute insanity.
Great tips!!
I am a college student trying to buy a home with 780 credit score . Should I go the fha route or conventional
Thanks for this!
It’s very awkward when you are making 20k per month and still cannot afford a house(
where do you live? 20k/mo should be more than enough to get a house lol
@@sachinnair1613 he/she has too much debt. Entirely their fault
Man you're the best!!!
Sep 27 my bro bday
Hey Javier, hope you and your family are healthy. I’m in the market of buying a home and shopping lenders. Have you ever worked with Filo Mortgage? If so is it a good lender. Thank you in advance. Stay safe, take care of each other! Peace and love baby!
Lol i had to comment when he said hopefully he is not in the toilet... im in the toilet brujo 🤣
I love your videos.
Hola yo vivo in Kansas City Missouri ..so las casa ban a bajar
Will breaking your lease hurt you in any way during the house buying process ?
Technically no, once you have fully closed on the property. If you break it before closing, it will tank your credit score.
No I’m saying will breaking your lease with your apartment negatively affect you? Because I heard it can hurt your credit if you don’t pay the fees or back rent or not ?
@@YaniAmorX "if you don’t pay the fees or back rent or not ?" .... so you are saying "if you dont pay your bills". breaking your lease does nothing, not paying your bills from a contract you signed and agreed to follow... yeah thats gonna hurt you.
All you have to do is to talk to the apartment office and explain your situation. Let them know that you can't be paying your apartment and your mortgage at the same time. You have to make sure that you pay the fees and you should be good 👍. I have done that a couple times and it never hurts me.
@@hawkeytown Clearly I’m going to pay my bills and fees that come with breaking a lease . I wanted to know if after all of that is done will it still negatively affect my credit score . But someone else has already answered my question .
Got a great deal on an off market home, would you wait 2 years to sell and pay no capital gains or sell now?
now I forgot how to properly say February
Javier...I HV 720 credit but Its only been almost 4 yrs since I ve build it IS IT WORTH TRYING TO QUALIFY?? I
If your mortgage is 39% of my gross income, would you guys say that’s bad? I’m not counting my wife’s income which is an extra $1,000 extra a month for us..
I has bought a house rushing into it at 10 percent yes 10 percent because it was owner financing biggest mistake ever and to top it off a fixer upper house .never again
100% definitely not watching this on the toilet 👀
😅🤷♂️
Whoops
He got me
Me tengo que poner las pilas 😆
Hey Javier , i have a question what if you want to buy a house in a close by state like i live on ny but want to buy in Connecticut whats the processed ?
I live in CT and the southern end of the state is getting a lot of New Yorkers wanting to move there. I’d find a realtor that’s well versed with the area and can help you with best locations especially if you’re still working in NY and either plan on driving or taking the metro north on a daily basis. Best of luck!
@@MzNoir_Rain444 what are the best areas to buy ?
I was watching this video while on the toilet.
Dont say buy ,say get a loan for a house is better just saying facts.
I’m literally on the toilet
Try it like this - Feb-u-ary - its easier and sounds ok. Great video!
That makes a lot of sense!
8:26 Is that 28% just the mortgage only and not including taxes/insurance? or all 3 combined together?
Mortgage, tax and insurance
To the 5 salao that hit dislike.. go where the Sun don’t shine 🙄🙄 this is a great video
#1. Am i stupid.
Feb - u - ary
no way I can use only 33% of take home paycheck to afford a place to put my family. i don’t want to be house broke but this market and inflation is too crazy compare to my salary, which does not go up without me finding another job.
Ponete las pilas!!!
Does an official prequalification expire with time? If I get one now but don't find the right place for months & months (I'm in no rush), do I end up needing a new prequalification then?
Yes you do. I believe they typically last 90 days or so? However don't quote me 9n that. This is because your financial situation could change.
First! 🏡
You'd have to be a real jerk not to let a good long-term tenant out of their lease to buy a house. I'm a landlord and I'd have to ask Whyyyy not?!
Nice hair. Beard looks like hell tho
Thanks Hustler 69!
No no, if a realtor sells a house to someone knowing they can't afford it...it is bad people! It is all about ethical professional behavior that off course is not being hold accountable...personal morality? A joke right?
There you go, realtors with "guilt" pointing responsibility on others...and I'm the one who needs to "stop being a baby"
And keeps throwing responsibility on others...
Home Buyer- Realtor - Lender. Remembering what happened in 2007, in wich group lays the responsibility of buying/selling/lending money on a house that will be paid successfully?, Javier, looks like my comments generated some discomfort on a realtor protecting her business ethics. I think this is a good question.