5 Things To AVOID When Buying A House

[@jasonp177]

Channel is appreciated, u break the process down in terms that r understandable.

[@JebSmith]

Appreciate that, thanks for the support

[@dixielandproductionco.6989]

Thanks for the notification smashed the thumbs up good stuff

[@joemomma707]

I don’t know why I’m watching this. My new build purchase closed yesterday and I get my keys sometime this afternoon. Let’s see if I made any mistakes. Lol

[@napoleonbonaparte7204]

@@joemomma707 if true 👍 congrats. Now Don't start to be very friendly with neighbors.. Take it easy on that..we bought a lovely house and then we didn't feel comfortable in the neighborhood and had to sold....

[@JebSmith]

Hahahah…..hopefully you nailed it

[@joemomma707]

@@napoleonbonaparte7204 what?

[@napoleonbonaparte7204]

@@joemomma707 we had a bad experience.. We liked the house we purchased but once we started living in it we didn't feel comfortable with the neighbors. Very loud dogs (barked every time we were in the backyard)and no friendly people so we moved....

[@joemomma707]

@@napoleonbonaparte7204 wow!!!! That’s crazy!!! I’m not friendly but I’m also not rude. I don’t look to make friends with my neighbors. I will be polite of course.

[@marcobello5842]

Regardless of paying the upfront fee for the rate buy down, you are disregarding that the refinancing in the future also has a cost, may be a higher cost that just buying the rate down now.

[@lupitaybarra442]

Totally agree with you ❤

[@9xx19mm8]

I agree that rates will go down… but it may take 1 to 2 years. Nothing big in 6 months. Too much other stuff going. Also many areas still have very limited home inventories.

[@cheenoulee7455]

Thanks for the video. Been watching for over a year now. We just had an offer letter get accepted. Hoping everything goes smoothly from on out. 🤞🏽

[@JebSmith]

That’s awesome, congratulations.

[@NeoSoulCrew]

A lot of analysts think rates will go down. Its reminding me of 2023 where everyone thoughts rates in 2024 would sink just to shoot up. I just have a hard time believing rates will go where the majority wants it to. Hopefully rates do cool.

[@JebSmith]

If you believe the economy is slowing, then interest rates have to follow. On the other hand if you will leave the economy as strong and it’s gonna keep going at that pace, then in theory rates could stay higher for longer.

[@brianruisanchez1123]

I’m a little confused about buying down rates and refinancing. What is the difference in money amount because refinancing is not free either.

[@JebSmith]

Make sure you talk to a mortgage pro. You can definitely do a refinance without having to pay cost. Depending on how much you buy down a rate will depend on how much it cost, each scenario is a little bit different.

[@SashaStaack]

But if rates go lower because the economy sags and my home loses value I may not be able to refinance if we go underwater?

[@JebSmith]

Sure that could happen but as long as you have time on your side, you’ll be fine

[@flauze]

Quit being greedy; you made more money on your house in the last 3 years than anyone has in history

[@SashaStaack]

@@flauze I don’t own, chill with the anger. Just looking and wondering about rates now vs later

[@itzelr3514]

Just signed a contract and I am already feeling the remorse. I cannot feel peace about this, but at the same time I do not want to miss out on a good opportunity. :( :( :( I think I’m making a mistake, please help. 🙏.

[@JebSmith]

I can’t say whether you’re making a mistake or not. It’s a big purchase and it comes with a big payment so that is completely normal.

[@itzelr3514]

@@JebSmith thank you. So remorse is normal? Should i just push through the remorse? Is remorse normal or is it a sign im doing something wrong? update: i backed out on the contract .... they are trying to work with me.... likely will lose earnest money

[@andrealacina5738]

@@itzelr3514 We backed out and lost our Ernest money. In retrospect it was a good decision.

[@ret4kind]

Rule #1. If you're about to buy a 4 bedroom home in Shore Acres, Florida in cash for less than 100k... Don't.

[@souayang3808]

I asked my loan officer that I don’t want to buy points on my loan, and he said if I don’t buy points I don’t qualify for the loan. Is this even true? First time home buyer here.

[@JebSmith]

That could be true……in some cases you may need a certain interest rate in order to qualify

[@moealyasini2784]

@@JebSmith same here, however I think i wana pay more down to make it possible I get qualified. I’d rather put more down and get equity rather than wasting cash on pointe where I know in a year or two i will refi and restart!!

[@EliteOnTheBeat]

Haven't been on your channel for about 3 years.... No offense but youve aged about 10 years. Hope your in good health and not drinking to much. God bless.

[@JebSmith]

hahaha, feels like 50 so I guess 10 isn't bad.

[@jd4440]

You're too cool

[@Okie-Girl]

@@JebSmith now I gotta look for a 3 year old video lol 😉

[@timothyandrewnielsen]

Remember, you don't need a home. Live with family.