Buy Now Or Wait? - Reasons Why Others Are Buying Homes

It's definitely a seller's market due to low inventory and lots of buyer demand.
Should you buy now or wait?
What are some of the reasons why others are buying homes?
And, are any of these reasons your reasons for wanting to buy a home?
0:00 Intro
1:21 Desire for Ownership
3:17 Life Changes: marriage, kids, & retirement
4:59 Investing in Real Estate
If I can add value to your real estate dealings, reach out to me.
Becky Park of Peninsula Realty Inc.
DRE 01404867
Direct: [phone]
E-Mail: [e-mail]
#BuyingAHouse #Homeownership #BuyNowOrWait #RealEstate #HousingMarket

[@trentmsteel]

Back in 2018, I was told to wait for the crash.But not waiting was the right choice for me personally.

[@brokerbecky8734]

Good Call!

[@trentmsteel]

@@ezicarus8216 They say all real estate is local, so I have been unaffected negatively. Besides every one will be right about a crash if you keep saying it and keep waiting.

[@GxGNoir]

Every single year people say to wait for the crash. If people keep waiting for a crash forever they will never buy

[@brokerbecky8734]

@@trentmsteel So true... real estate is local and all about location too.

[@brokerbecky8734]

@@GxGNoir Agree. It will be more difficult to get into the market because of price appreciation while they were waiting.

[@Austin_Torres]

Please don’t forget to Mention how big companies are actually the ones buying up all these hoses and bidding.

[@brokerbecky8734]

Not sure as to how much they're actually buying but started noticing companies like Zillow obtaining properties here in Southern California.

[@TRAZ4004]

@@brokerbecky8734 in Texas, I’m aware of 3 subdivisions (national builders) sold to corporations. Central Texas

[@brokerbecky8734]

@@TRAZ4004 That's what I've been hearing. Thanks for sharing.

[@rebeccagarrett7141]

I decided to wait because I will not put my name on a signature paying off a house that cost 3 times what it should be

[@nutritioncoachjo]

I agree!!!

[@bobbykirl7894]

Location location location...... buy when you are ready. Don’t wait on a market.

[@brokerbecky8734]

My thoughts, exactly. 😉

[@adrienchan2097]

When I don’t make a Loan payment

[@lilrog0909]

I am a young millennial father that bought properties instead of going to college. My kids are ages 11 and below. I am waiting for a big house but im just redesigning my small primary house.

[@brokerbecky8734]

Might be a smart move... you're bypassing the stress of current bidding war on the buying side.

[@adrienchan2097]

When you own a home .. is it really yours ? It is not mine until is paid off!

[@Theman26642]

Waiting for the juicy foreclosures to come on the market.

[@altimax9091]

It's not gonna happen..its not 2008

[@Theman26642]

@@altimax9091 history repeats itself. Enjoy the ride 😎

[@adrienchan2097]

Bank / lienholder will come repo my house right ? Then I lost everything

[@ehabatalla1768]

Wait

[@wilsonedwards8189]

Some experts expect large inflation soon. So low interest mortgage now actually saves money.

[@brokerbecky8734]

Yup. And fixed payment for 30 yrs.

[@christopherhoward7536]

A house built in 1950 sells for half a mill and you think that’s saving??

[@brokerbecky8734]

@@christopherhoward7536 When you own a home, you can have a fixed mortgage that has an ending date, like 30 yrs. But when you rent, rents tend to increase from time to time and there is no end in sight.

[@christopherhoward7536]

@@brokerbecky8734 no wife no kids made 56000 last year can’t afford a house. My realtor sent me a 100 year old shack for 200000 told her to F off this is so pathetic everyday people are getting priced out and it’s your fault!!

[@wilsonedwards8189]

@@christopherhoward7536 Absolutely! You are only paying 3.3% on the loan! Amazing investment.

[@ryanfewster574]

👍🏻

[@davelee4706]

so do we wait a bit more for this unpredictable market?

[@ricecakeboii94]

Buy buy buy buy!

[@brokerbecky8734]

If you are ready to purchase now and have located a property you like, then my advise is to buy. Unless there is a drastic increase in mortgage rates or inventory of homes for sale, this seller's market will continue for the time being, putting prices even higher. There could be an affordability issue, as the latest affordability index was 27%, but in California, it was still a seller's market when the affordability index was in the teens. Good luck!