Terrible Real Estate Advice You Should Avoid

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[Woopigmavs]

What sucks about the market right now is most people are forced to take a big gamble one way or another.

Option 1: over extend your budget to “date the rate” and get into a house at the risk of being house poor.

Option 2: Continue to rent while hoping for prices to go down. This creates the risk that prices continue to go up and you’re never able to buy.

Pick your poison. Neither choice is right or wrong, but it’s tough to accept those are the only options for most people.

[josemora]

Man, to be honest, you're the best real state agent youtuber in all of AZ. You always keep it honest.

[KaiSosceles]

Never makes sense to rent, always makes sense to buy.

Current rental: $2200/month
Buying the exact same house at today's interest rates: $5080 month after $90, 000 down payment and $12, 000 in closing costs. And only $500/month of that PITI goes towards principle. $4500 is lit on fire in interest, insurance, taxes, and mortgage insurance. Not to mention maintenance and repairs.

Renting is looking pretty good.

[thereeltbell]

Also, don’t let an agent tell you to raise your budget because you got approved for more than the range you’re actually looking in.

[SPM-tv]

I got in an argument with a real estate agent about “date the rate”. I told him you’re guaranteeing people that their home value will rise over the next few years and considering how overpriced homes are now thats not very likely.

[DefinitelyNotRin]

Thank you for being sensible. I think people often forget that real estate agents are sales people. They will tell you anything to sell you a house. A car salesman can quite literally lie to you about anything regarding a car to sell you it, and it's protected by law. Missouri real estate agents lost against a billion dollar lawsuit for fraudulent practices. People need to be very careful about the information they take in and believe. Even though I fully preach and believe the same thing you say, it's still wise to shop around for information elsewhere.

[puravidaot]

I appreciate your honesty man. Date the rate is getting thrown around a lot. I wish you success with your honesty in this crazy market.

[KapitalElement]

The inventory in places like New York is so scarce I can’t imagine the value dropping much no matter what happens

[traceyg]

When we did new construction at the end of 2020 into 2021… we kept our design selections minimal to avoid over inflating the final cost of the home in case another 2008 housing crash occurred!!

[rogermendez]

BRO IS SPITTING REALISTIC FACTS . THIS IS AN AWESOME VIDEO JAVIER. ALWAYS THE REALIST REALTOR ALIVE !

[stefaniemarsland]

You are the only real estate agent that is honest. I think this going to bring you lots of business! I will hit you up when I'm ready to buy in east phx

[shygirlcha]

I’ve been watching your videos and it seems like your the only agent who is honest! I’m always second guessing my instincts but guess I’m not wrong. All your videos really help me make my own decisions and not let agents pressure me. All them agents who try to helped me buy a home tells me the opposite of what you are saying! Keep them video coming and thank you!

[hmongstero]

Date the rate marry the house works you just can’t overextend on the rate you’re dating.😂 I know so many ppl that are “waiting for rates to come down” and it’s like dude if you can afford it just go for it and hold

[future]

I remember my parents taking out a HELOC around 2005. I was just a college kid and I asked what they needed the money for. They couldnt tell me lol. When the recession hit things got really bad. I learned a lot from their mistakes

[DavidM-hc]

It is very expensive to refinance and the cost will take you years to break even. You essentially pay all those closing cost twice. And paying for a 2-1 buy down is foolish. If the seller is offering it to you, use that amount off the purchase price so your amount financed is lower. You will have more equity if you are able to refinance.

[USArmyB]

A house in NJ just sold for $115k over asking price…it’s not even a great town and needs work…DOOMED

[keepsteddy]

Thank you for the helpful videos, God bless you and yours

[TacticalRN]

Thank you for being honest! All of these other YouTube realtors will push you to buy regardless of what’s happening. It makes it so difficult to make an informed decision when everything is so obviously biased

[Eric_moore]

The essence of wealth, to me, lies in attaining freedom. In my mind, the ideal figure is $5 million by the age of 65, ensuring worry-free living. Would it be more advantageous for me to invest a significant portion of my income in stocks or real estate to reach this objective?

[burritogod]

The one that got me was that my mortgage lender said they service 99% of their residential mortgage loans and that within 5 years they will waive fees for refinancing if rates drop. My mortgage got sold to another company before I made my first payment.