How to Buy a House

Should you Buy Now or Wait until 2023? With the housing market slowing, sellers reducing prices and interest rates peaking at the highest level in 20 years, many first time home buyers are wondering when is the right time to buy a house? In this video, we discuss the things you should focus on as a homebuyer preparing to buy a house in 2023.

HOME BUYER RESOURCES:

🎙- The Educated Home Buyer Podcast -

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Jeb Smith (huntington beach Realtor/orange county real estate)
DRE 01407449
Coldwell Banker Realty

#housingmarket #firsttimehomebuyer #realestate

[lauradana]

Another thing is to ask the seller to pay for closing costs. We just bought a house from an llc and they were desperate to get the property off their hands before they lost more money since home prices are falling.

[LoveLife-gvjg]

I went from a sad 520 to 750. Not gonna lie it took a year but I started with a secure card and then a loan (can't remember the name) where you deposit the money and then you pay into it and get it all back at the end...if that makes sense. Got unsecured high end cards, paid them off immediately and made sure every payment for car, mortgage, cards were paid ON TIME. Never be 30+ days late. That's the killer!

[annaterry]

This was the best explained mortgage purchased video EVER! Thank you for speaking to me as if i am 4yrs old. 😂

[orlandodavila]

My husband and I are looking to buy a house in about 2-3 years and using your videos to plan far ahead is helping us realize this can actually be a reality

[ulygarage]

The trick is to buy a 3-4bd house. Have 1-2 tenants renting a room to fight back the high APR and when things get better in the future you can refinance and decide if you’re ready to live without the renters.

[barbora]

Agreed about planning.
We bought a house few months back, have you too? It was your plan I believe.

[jessahartley]

The other side of this is that houses get sold so quickly that you don't really even have time to think about it before you make a decision. There have been numerous houses that my bf and I have wanted to go look at but they get sold or snatched up by a flipper before we even get to take a tour

[kennethramirez]

Thanks for the Video Jeb!!! I bought a house in January 2021 at 2.75%. I really appreciate your way of thinking.

[adamnaughty]

most people want you broke but people lile you help us and thank you is not enough for this information...

[CocoloverCC]

You have explained it very well! Thank you for the helpful info.

[doomedwit]

Re: Snowball method. It is a psychological trick for people bad at paying off debt. It is not necessarily smart. I had a 7%, 5%, 3%, and 0% loan (car). Paying off the highest interest is the smart choice. $5000 at 7% saves me $350 a year, at 3% that's $150 saved.

But paying off the lowest is always better than paying off nothing.

Granted those are mostly student loans. I chose not to go private or consolidate because I wanted the ability to call and say "I lost my job, I'm going to stop paying for a while" without taking a credit hit.

Same reason I looked into 10% down options with no PMI (American Dream). If I lost my job on a $300k house $30k pays the mortgage for over a year. If I keep my job paying an extra $400 a year in interest I can afford.

[koko-zyxd]

I see alot of price Drops . Still high but not like 4months or 6 months ago.

[Fullrusher]

I'm scared this is gonna be my first try, I paid off all my debt car wise and my credit cards are basically under 10 percent my credit scores range from high (1) 600 to (2) 724 ( I can't seems to get them pass 724 where they all were at one point ) I make 18hr also, and I may get a second job. I'm looking for a condo or a reasonable sized home and I'm hoping to stay in the 150k to 200k range, anyway my questions are :

1) Do I stand a chance ?
2) What do you recommend I fix ?
3) Should I focus on a condo over a house ? (I hear it's generally cheaper )
4) I'm 28 going 29 and single, will this go against me ?
5) Would you recommend first time home buyers programs like naca and habitat for humanity?
Thank you for your time !

[anjelicacosette]

I appreciate your delivery.. thank you

[madu]

"where to buy a home good topic and valubale video. i think creative consept . very clear video. really nice video.. i like this one thanks for sharing with us. need more videos like this. i will wait for more videos. and good project and valubale video

[suzettegayle]

This is the best video yet……thank you for this

[nicoletiana]

Spent the whole night watching your videos! im looking at a house that costs 350, 00 here in oahu, hawaii and i have a credit score of 660 but my income is only once a month from youtube, i make about $500 currently, this will be my second year of doing youtube and filing taxes as self employed. im looking into loans, the area the house is in is in rural eligibility area. me and my husband are meeting with a lender today so prayfully all goes well and we can get the price lowered as the house needs major repair. plz god.

[esmeraldamanning]

The llc i’m looking into buying a home from is willing to put 12g towards closing costs or buying down the interest rate. 339k brand new manufactured on an acre. It’s so tempting but contemplating if I should wait a few more years

[michellecast]

Hello one question is it personal loan affects too as like a student alone? Or not so much?

[No-More-Idols]

Who can be trusted? Seriously?
Everyone is trying to get over.

The system is so rigged? Multiple inquiries over multiple months while shopping for a home negatively impacts your chance of buying a home?

So ridiculous! I’m trying to buy a freaking home.

I’m so stressed out!