Home Buying Advice No One Else Will Tell You

Buying a home is a huge decision with a lot of big emotions! It can be hard to know if you’re making the right decisions the right way. In this episode, learn Dave Ramsey’s tips for buying a house and find out when it’s the right time for you to buy. You won’t hear this home-buying advice anywhere else.

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[LupeBaptista]

I often wonder how top level investors are able to become millionaires by investing. Just made a home sale and I’ve been sitting on about $545K equity, not sure where to go from here. Is it a good time to buy into stocks or do I stay 100% cash?

[swissguy]

Would love Dave to give us a live Zillow demo of the current housing market and tell us what’s affordable to buy with the median income within 30 minutes of Nashville.

[lyndahammel]

A friend bought a condo in a seller's market. Condos were listed on Friday and sold on Sunday with multiple bids driving up the price. It was discouraging. Finally he found a fixer upper that didn't show well. Everyone wanted move in perfection. This condo needed paint, carpet and a few minor repairs. He was able to negotiate with the seller as there were no other buyers. Look for a place with cosmetic faults and then have a home inspection to make sure that the faults are cosmetic.

[jordanhoman]

So many people are worried about "throwing away money" on rent, but no one is worried about "throwing away money" on interest.

[kathigratton]

My father taught me also pay attention. Go see it after it rains see where the water sits.
You don’t wanna buy a house below road level

[stevelovescars]

Title insurance is typically mandated by the mortgage company but it is a total rip-off… it’s just extra profit for them. Also, shop around. I was quoted $1800 for title insurance when I got my closing docs. I went online and found it for $800. When I showed this to title company they immediately matched it. Saved $1000 for 5 minutes of searching online.

[TheFirstRealChewy]

We bought a house. We like it. That's all there is to it.😊

Buying was the right decision for us. We rented for many years. That rent kept going up year after year. We ended up spending more than we wanted to spend.

[heathermetz]

Put 20% down to avoid PMI. Get title Insurance. Get a survey and home inspection.

[Nonsense]

I love this style of video where it's a compilation of a single topic.

[genglandoh]

I said I would never buy a corner lot, did not like the idea of having 2 front yards.
Well never say never.
We bought a corner lot home and have lived in it for 36 years.

[quixomega]

When Dave was talking about how renting is terrible I was thinking "what this lady needs is a condo" and that is just where the conversation went. My aunt bought a condo for retirement and she just turned 80 and still loves that condo in a nice area.

[morganbarber]

What we are doing is buying now, the interest rate is high and no we don’t have the 20% down but mortgage rates are going to go down and when they do we will refinance in the event they don’t we are “safe” because if they continue to rise it will be nearly impossible to buy.

[carlaritchie]

Caller #1 - Make sure you are completely out of debt first with a fully funded emergency fund (finish babystep 3). Don't have a car loan, save before you buy your next vehicle so you can pay cash with no monthly debts.
Caller #2 - find a new job first, find out if they will help with relocation uf that will help. Then you will know where to look for housing convenient to work. Good advice to rent first while looking for property to buy in area you like.

[mannamedbanjo]

Condos are great! I've lived in one since 2016. Bought super cheap and I haven't mowed a lawn since. If you need a small place and don't care about paying for an HOA, get you a good condo.

[skeletor]

I bought my house in 2007, by 2013 I paid completely at 34.

Now I moved to the US at 45 and want to buy a house here but the market is like the wild wild West 😢.

Start over again but older...

[trebmaster]

No more than 25% of your take home pay with a 15-year fixed rate mortgage and 20% down to avoid PMI. Basically get filthy rich before you buy any real estate within 100 miles of any city. Live in the sticks and work remote for a company working out of NYC that doesn't do any cost of living adjustments to their salary.

[courtneytautges]

I love your advice on not getting a house that is a good deal but ugly! I would also add the same is true for the backyard. If there’s something you hate when you look at a house and you think “I’ll get over it, ” be really careful, you might not ever get over it. We bought a house that was a good deal but the backyard was surrounded by neighbors, so every window you looked into the neighbor’s windows and we had zero privacy at every angle. It was something we thought we could get past but it was not worth waiting for a 10 year privacy screen to improve. 😬

[wesjimez]

If everyone followed the Dave Ramsey way almost no one would buy a house. I agree your mortgage payment should be around 25% of your take home pay. Your next house should be a 15 year mortgage. You are good with a 30 year mortgage on your first house

[SpankySlaps]

Problem I've ran into which buying a house was there's so much competition for even the most mediocre house that the seller only sells to the person offering far over asking price and skipping the home inspection. Really hard to get a house without doing both of those things now

[kevinhill]

Thank you for your content. Peace and Blessings to you and your Family.