Should You Buy a House in 2021? | Should I Buy a House 2021 | Housing Market - First Time Buyer

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⭐8 Steps to Buy a House - • How to Buy A House | B...
⭐ Where Should You Start? - • First Time Homebuyer C...
⭐ Most Important People in the Home Buying Process - • Home Buying Process - ...
⭐ What is Included in your Mortgage Payment: • What is included with ...
⭐New Construction - • First Time Buyer New C...
⭐FHA or Conventional - • Which is better FHA or...
⭐Buying a House with Student Loans - • Buying a House with St...
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⭐Can you afford a house: DTI Ratio - • How Much Home Can I Af...
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[@stacey281]

Hey Shaheedah ! You have been so magnificent with your content ! I’m so glad that I watched your videos through the home-buying process . My husband and I closed on a house this past Monday. I love the way you explain things breaking them down and golden advice keep it up!

[@ShaheedahHill]

Hey Stacey! Thank you so much for coming back and sharing. I really appreciate that!! Congratulations and many blessings to you and your husband in your new home!😍

[@ericeandco]

The worst mistake you can make is to over pay. We’ve been here before. It’s very damaging to have 30 year mortgage and an upside down house. The market will eventually correct itself. The opportunity will come.

[@critiquemydecor6801]

I applied and got approved yesterday. Been waiting on this all my adult life. Glad you made this video.

[@jlv3x]

Stay strong the lenders will request some documents that are incredibly redundant. However it's all worth it as long as you get to the finish line of becoming a homeowner!!!

[@critiquemydecor6801]

@@jlv3x yes!! They are doing it now as we speak and acting pushy. I don’t like that. Be nice! Saying we discussed this by phone, I need this and that. Omg!!

[@critiquemydecor6801]

What’s the rush? I’m not rushing like that. Omg!

[@shannabanana83]

I would recommend getting everything to them ASAP. Push your employer(s) for VOE...get things to them in as little as 2-4days.

[@confidentlyclosedatlanta]

Congratulations!

[@Prince3b2]

I think the hill is becoming a mountain in this environment.

[@ShaheedahHill]

I took a break... but I'm back 😁

[@ab.6031]

Good one

[@erikaolivia7200]

Definitely

[@faithlove7901]

Exactly

[@saundrastailoringh.7847]

@@ShaheedahHill I know it's allot of work for you to be able to know your stuff and to stay on top of everything. So you have to love what you do, or you wouldn't be in it. I thank you for all your info.

[@mizrobin3188]

Because of your videos...I was able to buy my first home. I really appreciate your time and effort in explaining in detail everything to buying a home.

[@confidentlyclosedatlanta]

Thank you for the update and congratulations!

[@goddessofthestars]

Congratulations!

[@nadineantoine4934]

Thanks for your videos, Shaheedah! We became a Homeowners April 9, 2021. I learned so much!

[@ShaheedahHill]

Congratulations! Thanks for the update, many blessings in your new home🙂

[@ghiaferrari7585]

Before houses here in upstate NY were affordable even in top school districts but we don't have enough savings. Now we have savings but houses went high in prices. We still can't afford. So frustrating.

[@ShaheedahHill]

Agreed, continue to save. Keep an eye on the market. Home prices went up so quickly if been very difficult for buyers to adjust.

[@najiHER]

Same boat but living in the Bay Area. This is ridiculous. Good luck to everyone on this housing journey.

[@erikaolivia7200]

@@najiHER the pricing in the bay is ridiculous. I'm here and there's no way I can afford anything. I'll have to work 2 or 3 jobs 😔

[@brianswails7276]

I’m in upstate NY also.. and this experience has been extremely stressful. Placing offers well over asking and STILL having to include Gap coverage because sellers know homes will be appraised Lower is to much..I want to buy a home but I don’t want my family to have to eat franks and beans for the next 5 years lol. I think I’m going to to wait this out for a while

[@beaubeauknows3620]

You have helped me so much!!! We added “conditions” to our contract which were delayed occupancy and paying a certain amount if the home doesnt appraise. The delayed occupancy will make us money and the home appraised a good amount over the listing/sale price. And you are so right asking for closing costs and/or at list price! Our rejections came super quick when we did that! We impressed the seller so much he offered to pay a portion of our closing costs.

[@ShaheedahHill]

Love this, so happy you got your offer accepted, and closing costs, above appraised value #winning! Congratulations!!

[@jejo9863]

Closed last month! Still in Shock lol

[@ShaheedahHill]

Congratulations! 🙃

[@torriebrown9607]

Big Congrats

[@goddessofthestars]

Hi Shaheeda! I have learned so much from your content! I have been carefully watching the market for over a year now, refining what I want in a home (my spouse included). Because of your content, we're navigating this crazy market armed with knowledge and years of preparation. We're in the closing process for our first home in PA - we're so excited! Right now our lender is just waiting for the title documents, but we got a conditional approval a couple of weeks ago. I say this all to say - THANK YOU. Please keep doing what you're doing. To everyone who watches your content - I hope they listen, because you bring SO much value and comfort to the table.

[@ShaheedahHill]

THANK YOU so much, super sweet of you. I am so happy that you found a home!!! Congratulations 🙂

[@goddessofthestars]

@@ShaheedahHill Thank you! 😃

[@NoviceWhoDatFanatic]

California people moving here to North Texas are making home property prices ridiculous. One home sold 300k over asking price just to make sure they get the house!😳

[@ShaheedahHill]

Wow!

[@BlkOnyx0508]

I know someone who closed two weeks ago. she paid asking, half closing and thats IT! People can fix this problem by only Offering a reasonable offer. Once the seller realizes nobody is on the crazy train anymore they will bend. This market is a scam and definitely will crash sooner than later. Save your money people. Do not overspend. You will need your money for inflation of food and groceries. Homes are not extinct

[@ShaheedahHill]

This can still happen in some instances but if you are competing against multiple offers at least in the Atlanta market you won't stand a chance. The key component is the demand for a particular property, if the demand in low and competition is low there is still room to negotiate even in a seller's market. Thanks for watching

[@gangzhang1386]

Inflation is up. US dollars become trash. Save money in bank will lose more money during inflation. House will keep value much better than saving in bank during inflation. $100 today, 7,8 years ago, it was only worth for $50.

[@0529mpb]

@@gangzhang1386 Nope. Houses go down during inflationary periods. It's all based on payment. When interest rates go up, house prices come down.

[@BlkOnyx0508]

@@ShaheedahHill There were multiple offers, this is a desirable area she chose. The gig is up around here. Code is: We are over it. The house wasn't worth asking in the first place. An appraiser can slap a price of their liking and go miles beyond a property to "make it a comp" I live in the real world and know the game thats being played right now. Others are starting to wake up. I know someone who works in every aspect of real estate from lender, inspectors, builer, broker etc. Investors are running this market. The scam will unfold and I will sit back and let them run it into the ground. American people deserve better especially during a pandemic.

[@cyndigirl418]

The ONLY way that I could afford to buy a home in this current market is to sell EACH of my 3 children PLUS a kidney! LOL Since that is not possible, I will just have to wait another year or two until this market calms down and hopefully becomes a buyer's market again. I'll keep saving my money aggressively until then! I'm moving to ATL in December, so I'm looking forward to that and contacting you when I am ready to begin my home search!

[@ShaheedahHill]

Don't sell the children😂

[@ronaldmcdonald1977]

How old is your kidney?

[@cyndigirl418]

@@ronaldmcdonald1977 Old but functioning well! 🤣🤣👍👍

[@ronaldmcdonald1977]

@@cyndigirl418 LOL, youd still be able to catch a nice price on that kidney im sure.

[@cyndigirl418]

@@ronaldmcdonald1977 Sad but OH SO TRUE! 🤣🤣🤣🤣

[@MrsAve774]

Thank you so much, this was really helpful. We have been house hunting for almost 2 months now and its very competitive out there. People are bidding way above and beyond. Each time we place an offer the next minute, we get the call that we've been out bidded. Like you said in the video, we are also trying to play smart by not going over our budget also. My approval letter expire in July so maybe we'll take a break if we don't get any house before then.

[@ShaheedahHill]

If you step back and take a break, just be ready to potentially break your lease if something comes up. Thank you for watching!

[@five10queen]

Lender did that for me. Took me through UW with out a contract . File will be completed tomorrow. Yay!!

[@ShaheedahHill]

That is great, you will be much more likely to get your offer accepted! Congrats

[@shaquellejacobs7930]

I am just investing in M1, Robinhood, and kucoin just waiting patiently until all of this housing bubble to be over with.

[@tiffsterritoryonyoutube]

You make such a good point about competitive offers, we are so trained for a 'sale' or a 'deal' - I don't think folks have come to the realization that those concessions are not happening right now. Really looking forward to more inventory cause this market is 🤪

[@ShaheedahHill]

Agreed!

[@Lilique]

Short and sweet! Very very helpful!

[@kenyonbissett3512]

I love your content and presentation. Thank you! If you plan to stay in an area for 7-10 years, if your rent is more expensive then your house with PITI + regular maintenance + hoa fee it’s a good home for you. Regular maintenance is at a minimum lawn care, basic repairs and yearly checks like hvac filters/cleaning and termite.

[@ShaheedahHill]

Thanks for the tips, great info. Thank you!

[@kenyonbissett3512]

@@ShaheedahHill I ‘ve heard people say get a fixer upper but I would only recommend a cosmetic fixer upper. Why? With the lack of building materials a fixer upper could take 3-4 times longer to fix up. And, the cost of repair could be prohibitive. It is tough to live in a home mid-repair for a long period of time.

[@KamalElfahssi]

Thank you for the valuable information, as always.

[@ShaheedahHill]

Thank you!

[@bizzyfit2128]

You're so personable for answering questions in the comments.

[@robyn2697]

I love her face and enthusiasm about real estate 👑🌹

[@ShaheedahHill]

😍

[@PrettyMrsJackson]

I worked on my credit for two years, finally got the preapproval I wanted and this market is crazy. When we were looking last year we could have easily had our dream home but now it almost seems impossible. I have to ask for some closing cost and maybe that is why my offers are getting over looked

[@ShaheedahHill]

Find a lender to contribute to your closing. Look into 100% financing conventional loans and you can use your down payment money for closing costs. Strategize with your agent, if you still need closing costs ask for the minimum amount needed when you are completing with multiple offers.

[@ladyrob4110]

Ms Shaheedah is always on point!!

[@linda27189]

So excited for another video 🙌🏾🙌🏾 Trying to be patient and better prepare in the meantime.

[@ShaheedahHill]

Hi Linda can't wait to celebrate with you😊

[@scherrieanita]

This video was so very helpful. This market has been exhausting... 😮‍💨

[@ShaheedahHill]

Thank you, yes take a break and get back in...

[@queenv6961]

Your videos are so, so helpful!!! 🤗

[@anajosephaj]

Thank you.......I'm waiting till next year to start the process......😊😊

[@ShaheedahHill]

Thanks for watching!

[@guirlenemquiroz8988]

Thanks Shaheedah for all your wonderful content. Watching your videos has really been informative and motivating. After almost 1 year of struggling in a sellers market in our small city, your videos are till giving us hope and practical tips and advise. Thank you

[@ShaheedahHill]

Thank you, stick with it. I hope you can find something soon.

[@destiniek3053]

Hello Shaheedah! Great content, thanks!! You explain the process so well making it less stressful!!

[@shawndawashington8623]

Thanks for this video. You just helped me make up my mind. Gonna wait it out. Love your videos.😍

[@ShaheedahHill]

Thank you!

[@r987p]

Smart lady! Good job!

[@ShaheedahHill]

Thanks for watching!

[@shantricejones5830]

The problem I'm having is the price I want to pay never stay available long, the price I can afford to pay last a little longer but id have to spend more. And the price I was preapproved after uploading everything would limit my lifestyle desire. I can probably pick something today but I want to take my time.

[@ShaheedahHill]

Patience and strategy and you will find your home

[@PippiOnePointOh]

Thank you so much for your videos! My brother just offered to give me a down payment for a house, so I am trying to get a crash course on house buying.

[@ShaheedahHill]

Great, you have a great brother🙂

[@billybatson3810]

Oh, I love your content!!! I need to start from the beginning and work my way up. Binge!! Thank you.

[@ShaheedahHill]

Thanks for watching & bingeing!

[@hasanmcdonnaugh9654]

Great video!! Thanks for discussing affordability

[@ashley80sbaby12]

Your subscribers have tripled since I started following your channel. N I still haven’t purchased 🤦🏽‍♀️ Thanks for all the great content

[@confidentlyclosedatlanta]

Soon 😊

[@LoveUrself80]

Same here

[@karinwells687]

Love your videos ....congratulations by the way 🤰🏾😍🥳

[@linda27189]

?!?!?!

[@itsmelisalee914]

Things are crazy in the bay area market

[@danettacollins33]

I hear you Lisa...help Lord

[@JustThink2000]

Yes it had. I’m scouting right now and have been outbid twice already. The Bay Area has a lot of ppl with $. It’s slim pickings.

[@itsmelisalee914]

@@JustThink2000 exactly!

[@missjones8123]

Yay your back! We missed you!

[@ShaheedahHill]

Thank you

[@kimberlymitchell8428]

Hello, Shaheeda, I’m from New York, recently relocated to Atlanta for a job opportunity at City of Atlanta. However I’m interested in purchasing just scratching off the surface of some debt first. Where are you located in Atlanta, my lease term is ending in a month in half. I believe I need to lease another rental for at minimum another year. Just to save for a down payment and to pay off personal debt of $8000. Would like to reach out to you when I’m ready. Thank you kindly for another great video with informative content! 🤗

[@ShaheedahHill]

My team works in all of metro Atlanta

[@kimberlymitchell8428]

@@ShaheedahHill thank you, for your response!

[@treyatl2006]

This market sucks.... I would have never considered homes a few years ago that selling for the top of my budget today....

[@ShaheedahHill]

It definitely does, stay patient and prepared and you can hopefully find something soon.

[@jlv3x]

I had to rewind this a couple of times, that 25-30% of your take home pay for a mortgage just sounds too low. 25% of your take home pay is usually less than you would pay for a decent apartment.

[@ShaheedahHill]

Lenders will let you borrow more and they go by Gross Pay but you don't want to make sure you are not putting too much of your money toward your mortgage payment and you don't have enough money to put aside for savings and investing.

[@jlv3x]

@@ShaheedahHill I agree you don't want to put too high of a percentage into your mortgage. But isn't paying your mortgage every month a stable investment?

[@JustThink2000]

@@jlv3x good point!!!

[@DQridesbikes]

Lol in California 40% of my monthly income goes towards rent for my apartment and I make pretty damn good money. I pay more than a mortgage would be.. no wonder we have a huge homeless problem here.

[@jocelinesanchez965]

Thank you! Wonderful advise!

[@millennialmoneyprogress]

Do you think people living in higher cost of living areas can consider doing more like 28% of gross pay? We tend to have higher incomes so more money is leftover for expenses aside from the house budget. Very hard to make 25-30% of take home work in high cost areas. Probably will continue renting.

[@ShaheedahHill]

Yes, there is some wiggle room here, just make sure you are able to reach your other financial goals as well.

[@Bear_83]

Love your information. Thank you. And that's a fact.

[@ShaheedahHill]

Thanks for watching!

[@bryttnee12]

Would you suggest using a real estate agent when building on your own property? Process is just overwhelming

[@ShaheedahHill]

Yes, they can help you navigate the process.

[@deirdrejackson]

Hi Shaheedah! I absolutely LOVE your content and appreciate your perspective. So I wonder what is your opinion on modular and/or manufactured homes as a 1st time lower income homebuyer in this market?

[@ShaheedahHill]

Long term, I'm not a fan because they go down in value overtime. But I do understand the affordability component. A single family home will give you the most long term value.

[@LetsTalkTrice]

Great information! Thank you 😊

[@ShaheedahHill]

Thank you!

[@lovinmeand4]

Great video! Thanks!

[@ShaheedahHill]

You're welcome!

[@cinceregranger2543]

What are your thoughts on buying land with 2 other people then myself? Is that risks situation?

[@ShaheedahHill]

You need some agreements in writing, since you all own it together - you must all agree on what is done with the property. Also if a member of their ownership dies then what happens to their part of the property - does it go to their heirs or to the remaining partners? Definitely discuss with a real estate attorney before you buy.

[@lovettatobeyea190]

Excellent video!!

[@ShaheedahHill]

Thank you!

[@nildalindsley2727]

Great advise!

[@ShaheedahHill]

Thanks for watching

[@kimrajkhan9861]

Great video.

[@loveyourselfothers7978]

Thank you

[@chefbrooklyn5140]

@Shaheedah, Hi there great video and it's good to see you post videos again. Stay Safe and thank you for all you do it really helps.

[@ShaheedahHill]

Thank you! You too!

[@myangie1]

Thanks for this video! Will the appraise value eventually catch up to the market? Do you think it will happen before the end of the year?

[@ShaheedahHill]

Home prices are still expected to increase but not as much as 2021 - probably 5-7% www.homebuyinginstitute.com/news/housing-forecast-predicts-slower-growth/

[@bosslady874]

Thank you 👏🏾👏🏾👏🏾👏🏾

[@ShaheedahHill]

You are so welcome

[@alexregiste7416]

What you think of finishing your basement? Does it add value to your home?

[@ShaheedahHill]

Yes, it does. Anything that gives more liveable square footage increases value. However, above grade is worth more per sq. ft than below grade.

[@kley1546]

Wow. Can’t believe I am first 😆

[@ShaheedahHill]

Hi!

[@kley1546]

@@ShaheedahHill Thank you for the fantastic content. I’m an agent but learning from you as well. Thanks for all you do. May God continue to bless you, your family and your business. 💕

[@18ormorexox]

I closed on my first house this week and I'm getting the keys tomorrow!!!! The first thing I'm doing once i get in, before touching anything is having my mom pray and bless the house!!! Y'all, the fact that I got this house as a 30 year old single woman for 10 000$ less than asking price is NOBODY BUT GOD. I'm beyong greatful. If you're reading this, I don't care what the market says. The house God has for you will be for you and nobody and nothing will be able stand against that. Start claiming your blessings in the name of Jesus 🙏🏾🙏🏾🙏🏾🙏🏾

[@bnepaul9268]

I dont know u my sis but I celebrate your blessing with u, may u enjoy your home and may God continues to provide the resources u will need , no one else but God, only him alone can work wonders and miracles.

[@bnepaul9268]

Continues to praise him ,and serve him, AMEN.

[@torriebrown9607]

Should you buy house in Va and be a senior and low income?

[@winklebadinkle]

Question: in the section where you talked about which options were considered, you referenced conventional loans, and my question is why would those be considered first vs any other type of loan? Money is money for the seller, and I am genuinely curious.

[@ShaheedahHill]

Primarily because of the appraisal not staying with the property if the sale doesn't close. Conventional loans are also generally harder to qualify for so conventional buyers are looked at as less risky.

[@winklebadinkle]

@@ShaheedahHill Thank you for the quick replay. Learn something new every day.

[@blackdog842001]

Do stand a chance with a VA loan in this market

[@Just_A_Guy156]

I know a few people's with VA loans that is having a hard time really a shame

[@confidentlyclosedatlanta]

Yes, but I would do a letter because people do value veterans but don't ask for closing costs, try to an amount you are comfortable with above appraised value with multiple offers, try to get through underwriting and keep at it.

[@steven19767]

It's been awhile or maybe I haven't been getting alerts.

[@ShaheedahHill]

Agreed🙁

[@calvinpn25]

Could you do some more videos on Douglasville and the how the market is there right now. I seen another channel on here and they said douglasville was a bad area to move to.

[@ShaheedahHill]

I have a Douglasville channel...just type in Moving to Douglasville and you will find it. I really love Douglas County🙂

[@calvinpn25]

@@ShaheedahHill I know about them. I watched the videos already lol

[@ShaheedahHill]

@@calvinpn25 ok so now you just have to visit for yourself.

[@calvinpn25]

@@ShaheedahHill visiting this summer. Have to compare Douglasville to Charlotte area.

[@emilyb1692]

My husband will be graduating next May (2022) and hopefully getting a new position (maybe with the same company but also looking at other companies in our area as well). Do you think this will negatively impact our chances of buying a house at the end of next year since it will come up as a new job that he hasn’t had for more than a few months when they pull the records?

[@ShaheedahHill]

They use college toward the work requirement so you should be fine to buy after college. Congrats on taking the next step!

[@linksywow6266]

Hei Shaheedah, i am a self employed and did take unemployment on 2020. Now im back in business. We are planning to buy in 2022. So my questions are unemployment will take affect in getting loan ?

[@acaciawilliams4462]

Is it easier to build at this time?

[@ShaheedahHill]

Not really the cost of lumber is high so you can but it will cost you. Im going to do a video on construction loans in June.

[@acaciawilliams4462]

@@ShaheedahHill okay thanks!

[@DDGainesJr]

I am always leery when realtors encourage the madness of waiving appraisal addendums (partially or fully) because it only adds to the madness of this market. We have to normalize this nonsense. Realtors will usually encourage it because they benefit from a higher purchase price and a prolonged runaway housing market. Your advice is usually great, but that bit is always bad.

[@ShaheedahHill]

You dont have to do that but in multiple orders those are the offers that are typically winning. But I understand your point.

[@DDGainesJr]

@@ShaheedahHill Thanks. You have given tons of info that has steered us clear of some huge mistakes in this market. Keep the advice coming.

[@lovinmeand4]

Is there any benefit to not putting your house on the market and sell to someone you know personally? This market is draining.

[@jlv3x]

The seller's market is so hot right now you would probably make more money on the market right now. Homes are having multiple offers after only two or three days on the market.

[@ShaheedahHill]

Some people are doing this to avoid having all the showings and people in the house. To the seller that is one benefit and they are doing it. Lots of people are going under contract with off market properties. It is worth a try, some sellers what to avoid the headache of the market.

[@lovinmeand4]

@@ShaheedahHill I wish I knew someone doing this. Thanks!

[@lovinmeand4]

@@jlv3x Yes, even within hours of putting it on the market.

[@lt3074]

not doing it, this is just greed

[@kelleyturner2238]

What a shame.

[@alfaqyou]

Awesome updates. Thank you so much for your valuable information.

[@ShaheedahHill]

So nice of you, thank you for watching

[@parler8698]

Great video