The Biggest REGRETS Home Buyers Face

[@Dave_East]

Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

[@Agatha.wayne0]

If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone wants to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

[@Steven-u2u]

I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?

[@Lewistonwilliams-f5i]

Thank you for this Pointer. It was easy to find her handler, She seems very proficient and flexible. I booked a call session with her.

[@brendawilson8565]

The commute is key to me. Retired now, thankfully! A realtor once told us “don’t buy for your job. Buy for where you want to live”. So we actually bought where we could afford. The commute was a nightmare. I wouldn’t buy for a job I might lose, but if your employment is pretty secure, go close to work.

[@cd3dnw]

Buying without actually visiting the construction site. Yes this has been done. SMH. I also drive by the house, at all times of the day, see what type of activity you get at night or are there really noisy neighbors.

[@lonnieclemens8028]

Taking an experimental drive on the commute is good advice.

[@toxadodo]

The drive to your job advice is super spot on. When we were looking for a house, I would check the commute at the morning and evening rush hours to determine how long the drive was. Though this indicated a remarkable time difference (an additional 15 to 20 minutes), the drive there during rush hour made us decide against it.

[@pattym.wilhelm9252]

Very good advice about proximity to job. In this area people often have to drive long distance for a dream job. Jobs can be scarce in certain professions. You go where you can support your family. Pay can be lower than other areas, this is South Florida.

[@donnamahan3760]

We eliminated a home due to cost of getting to work / gas , wear in auto / . That gave us more real Cash for house cost for both of us working FT jobs in a better location .

[@android-ud2nf]

I’m paying off my land first then I’ll be saving up for a down payment for the next 2 years so hopefully the market corrects itself during this period

[@nerissamartinez3669]

I am about to close on my house! The first buyer realtor lie to me about the va appraisal to buy my house 20k less than my asking price, wanted to charge me more commission bc I didn't have seller agent, also she want to force me to make ridiculous repair report in the home inspection and said the VA loan required to do those repairs in order to give the loan. Lies!!!! I got new buyer with va loan. No repairs required by va loan and the appraisal came 20k higher than the other one buyer realtor stated. She never show me the appraisal and have very nasty attitude! I am glad I walk away even though she try to intimidated me and she said that I didn't know anything about sale house! Funny because this is my 3rd house selling without agent.

[@mg1822]

Look at the property history of the home to also determine resale. Is there a pattern of the home sitting listed for months before selling? Does the history show that home goes under contract with a few days? 2 homeowners before buying my home, last sale went pending in 2 days...we went pending in 3 days when we bought.

[@Ooops1984]

One of your best videos, well spent $$$ on who edits your videos, Over the past 10 years I have averaged 1.5% closing cost as buyer and 7% as seller includes all the hoa resale and demands fees.

[@len2972]

Here ( Denver), jobs have changed locations a lot, lots of layoffs, so commutes change.

[@AJ-tv6uk]

I am realtor in the DFW area. What I 've seen is within the past thee years new home purchased in the Sunnyvale TX area for a client of mine for 550K in 2021 the same floor plan was sold in 2022 and 2023 for 750 - 880 with a interest rate of 6 - 7.1% which was ridiculous. Interest rates assume to be dropping in September of this year. Buyers may focused on to the rated drop and refinance for a lower rate.

[@luck9837]

There has never been a riskier/ horrible time to buy a house, just be patient guys, were 6months to a year out from 10-30% price decreases, it will be a slow bleed not overnight

[@tw8725]

I’ve learned so much from your channel and really appreciate your generous sharing of the knowledge.

[@antareschen4451]

Zillow estimates are way better than some of the agents’ estimate lol

[@erikfaican]

Love your channel shopping around your market and this is info is really helpful

[@tucoramirez9729]

Redfin gives best home estimates

[@svendtveskg5719]

Guy from Denmark, EU here. My daughter and son-in-law has moved to USA, and are looking for a house in the NY area, max 45 minutes by train from NY city. They have a budget around the 900.000$ mark. So old grand dad here, far away, is of course anxious about them getting cheated - or cheat themselves. Though my daughter is good at seeing through stuff, your channel is a great help. Thanks very much!

[@zacwoods]

@@svendtveskg5719 tell them to look in Queens! We have a lot of new homes being built here by the airport so they can find some good stuff. If you want I can send you some listing info from houses around here so you can pass it onto your daughter

[@frederickvalencia4976]

Pretty solid advice

[@ELEVOPR]

Update I end up buying in Florida, luckily for me home came in under value from the bank so I got the house for 20k Cheaper than the asking price, as we were willing to pay the asking price because home had a nice chunk of land, new Roof, 100k pool, solar to heat up the pool water, Brand new AC installed in May of 2024 as well as as sprinkler system that works from well water so even in a drout my grass is green and I don't pay for well water either. I bought it now for personal reasons and as well as safety, NYC is getting dangerous with our own Criminals, Migrant Gangs Criminals, Angry homeless people, Dangerous drug users, Mentally ill people, etc. Me and the wife sat down and somewhat did the odds, Since we are out and about daily in NYC it was safer to be with the Hurricanes and Alligators and Second and Second Amendment Right, Our Survival odds increased drastically. No second amendment rights in NYC "Without Infringements" Will never make this city any safer it's been like this since I have been born and it will never change. An armed State is a Polite State and if you don't want your city to turn into a NYC, Chicago, California, Do not give up your rights as that will leave you defenseless like we are in NYC. Criminals will always have guns no matter what strict gun laws is in place, I should know I'm living proof in a strict gun State. I still say if I am going to stay there for 15 years, it is still better for me to buy 100k less than 100k More and then have to wait for that 100k to come back up 5 or 10 years later. At 100k less I have a lower mortgage as well. So buying now and having a higher mortgage and not having to worry about losing 100k is kind of like a suckers deal I would rather wait it out. Let's not forget when your losing 100k you are also paying interest on that 100k, No Bueno Jackie. I had a friend of mine that had to wait 10 years. He paid 330k for his home in Orlando then came the crash of 2008, he said banks were selling the exact same homes on his block he paid 330k for only 100k. I had another friend who bought a home for 270k His house also dropped to under 100k. That same friend who bought at 270k had his brother buy him a home under his brothers name down the block, the exact same house with a pool and new windows and roof for 89k from the bank. He said it was worth letting his house foreclosed on and buying the 89k home under his brothers name. Love your videos, it's like watching big Sis give us some Advice 🤗

[@JeffKantin]

I used my bank for my last two mortgages...their rates were good and I got a huge reduction in closing costs ($1200 on the last one, other than titles fees, etc). Definitely check those closing fees.

[@BestoFornitero]

Appreciate your continued dedication to helping average folks try to build wealth and not get rekt in the process, I love your confidence so keep shrugging off the naysayers. Your experience is clear and I look forward to your pragmatic and bullish viewpoints in a world that’s increasingly easy to get caught up in the constant negativity and bearish sentiment.... Long & short-term trading is generally safer, allowing investors to weather market volatility. I have managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Evelyn Infurna, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[@BestoFornitero]

Use her name to quickly conduct an internet search.

[@BestoFornitero]

SHE’S MOSTLY ON TELEGRAMS APPS WITH THE BELOW NAME.

[@BestoFornitero]

@Infurnaevely1

[@RissJesse-lm9fm]

The market has gone berserk! whether you're a newbie or a veteran trader, everyone needs a sort of coach at some point to thrive forward.

[@kristenxmarie00]

I appreciate the professionalism and dedication of the team behind Francine's trade signal service.

[@PukeyMcDork]

doing the commute is a great idea - also try going over there on a saturday morning (to suss out the, ahem, "wood workers") then cruise by later at night and take a good look around. in my old neighborhood there was some guy who would be using super loud wood equipment with his garage open for hours and hours on the weekend. totally disruptive and there's nothing legal you can do about it. imagine buying a jumbo house and discover that awful nugget after the fact.

[@kofiadosprempeh6965]

Thank you for Montgomery, Al ❤

[@lenn675]

How do you feel about the rent to own programs?

[@zaaz1471]

great videos.. one note to add on the commute.. do the commute test (back _and_ forth) at the time you'd be doing the commute... traffic patterns can really change depending on the time of day. :)

[@Vendrix86]

as informative and educational as your videos are....your videos scare me into thinking I'll never find a good home lol. So many red flags and headaches to watch out for, so overwhelming.

[@toddcombs7221]

I love your videos.

[@JackieBaker]

Thank you so much!!!

[@leab9435]

A Zillow ad popped up as you were talking about them! 😂👂

[@JackieBaker]

😂

[@DorthyMoo]

Great intro!😂

[@kaylighboo1987]

Wait 10k for a 500k house!? I needed 36k for a 200k house!?

[@3DEditor]

'The Money Pit' is a movie classic.

[@JackieBaker]

My favorite!

[@3DEditor]

@@JackieBaker My favorite part of the movie is when the bathtub falls through the upper floor and shatters below, as Tom laughs uncontrollably.

[@jenniferbond7073]

@@3DEditor love that movie!

[@politicalactivism975]

Thanks

[@WhittyPics]

I had to buy what I could afford

[@Elizabeth-yg2mg]

Keep up the great work, Jackie!

[@JackieBaker]

Thank you!

[@Stella88Iris]

I hate that KZbin is set up in such a way that creators are forced to advertise their videos in such click bait ways to get views. I am a prospective home buyer who is in such a terror and panic over the process of finding a home and being able to afford it in the long run. Every time I see one of your videos posted I have such great anxiety about what is happening now. I have animals I have a small family and losing everything in this country and ending up in the street or beholden to greedy landlords is an existential threat that many live today. I don’t need to open my KZbin and see titles of doom and creators faces in shock and horror. Your information is valuable but I will most likely unsubscribe because of this.

[@JackieBaker]

It's a free country you can unsubscribe. Sorry you feel that way. My intention is not to cause more stress.

[@chenanigans]

You're not wrong. They take the same approach as newscasters if it bleeds it leads. Exactly why I don't watch the news ever.

[@lindabuck2777]

I just unsubbed too. Snarky-ish response to you. I agree with you in your thinking.🙏🏻

[@Houstonbeach]

I’m subscribing then just to even it out

[@AS-kw5hd]

You’re smart and I think you will find a way and yes, we are all tired of constant uncertainty and what’s happening to our country. We must remember that we ultimately, have the power, not the government .

[@craigenputtock]

When prices come down 50%--you'll know the bubble has burst.

[@Elizabeth-yg2mg]

I don't think prices will come down 50 %--unless there's a depression!

[@misterogers9423]

What if the location is insanely good for the price and commute, but the house is the smallest, oldest, and cheapest in the neighborhood?

[@len2972]

Smallest cheapest is best. You don't want to be most expensive.

[@TheresaTV1]

You can change a house, but you can’t change its location. With the money you’re saving, you can remodel or build an addition.

[@emomuzz5883]

Thanks!

[@JackieBaker]

No problem!

[@Solid_Snack]

Beware of any clickbait youtubers.

[@JackieBaker]

Thanks for the advice 😂

[@movearoundwithpiracha]

Excellent video 👍

[@JackieBaker]

Thank you very much!

[@Karla-dz4vi]

Jobs can move to a different location so I wouldn’t base the biggest debt in life on how close my home is to a job💯

[@Karla-dz4vi]

@CMBBmc-jd6ur the job market is not stable enough to base where I purchase a home at all

[@bigcahuna42366]

One big regret I would add is home buyers who don't do enough research on the HOA of the community (where applicable). Corrupt HOAs can make the lives of the people in the community a living hell.

[@NotShowingOff]

It’s like a job. So why are you leaving the neighborhood 🤷🏻‍♂️ Nobody asks that. 😅

[@Elizabeth-yg2mg]

Don't buy in an HOA at all

[@warrenlucier5796]

Those are some great tips on avoiding a very large mistake in life.

[@JackieBaker]

Glad you think so!

[@lenn675]

I currently rent an apt in hasbrouck Heights. I absolutely love this area. My mother lives in moonachie, and my job is only a 45-minute walk. I also have a part-time in mannhattan, so have the train in wood-ridge is a plus. I have been doing that walk for 3 yrs now. There is no overnight parking allowed in this area, but that's ok because I do not own a car at the moment. I am looking to bit my first home in the area.

[@Elizabeth-yg2mg]

And you're not fat!

[@lenn675]

@Elizabeth-yg2mg lol, I'm guessing we know each other, lol. I moved into the apt in 2021. At the time I was 234-lbs, I now weigh 209. That walking has really helped.

[@joeshmoe7899]

2:13 "real estate always rebounds" >population is collapsing. Choose one.

[@nickhayes4519]

I wish I had found your content sooner! Me and my wife are in a frustrating situation. I purchased a 1.5 story house in 2023 for sticker price a year before we got married. It was built in 1902, so of course there have been a handful of costly repairs. The bathroom is on the main level separate from the bedrooms. Now we have a baby on the way and would really like to purchase a larger home. However we are stuck in this one because we don't have enough equity to cover closing costs AND have a downpayment for a different house. Luckily my income has more than doubled from when I purchased this home. My next home purchase will be a much more educated process thanks to your advice.

[@Elizabeth-yg2mg]

Why not put a bathroom upstairs.

[@nickhayes4519]

@@Elizabeth-yg2mg It’s just a small landing at the top of the stairs with 2 small bedrooms. No way to add a bathroom

[@masoncnc]

Doubling your monthly for the myth of the American dream from renting, is it disaster for most?. Mortgaging the house you live in is a lousy investment

[@kathiejohns1418]

And never buy an AS IS!

[@alekpd2940]

Homeowners, enjoy your OVERPRICED Home

[@davidbrooks8809]

Yes😅😊😂😢

[@facemakerable]

Kevin Spacey not leaving his Baltimore mansion , Location , location lol

[@JackieBaker]

😂

[@doitjack8400]

I think that last regret mentioned about the commute was a filler to complete the video lol

[@JackieBaker]

No really it's a regret. I've had this happen quite a bit with clients. Thanks ofr watching!

[@Bjamin9891]

That’s a huge factor…… how could it not be….. strange take there Jack

[@TheSoloDIYer]

You've clearly never lived in a big city. 1 mile can make a huge difference in commute times

[@Bjamin9891]

@@TheSoloDIYer in Dc if you live a couple miles outside the beltway you can add 20-30 minutes to your commute into the city while getting home….. well you might as well go to a happy hour or join a gym because you’re going to get home at 7 either way…hahah

[@jimshoe402]

🥰🥰🥰🥰🥰

[@ROKKANS]

Don’t feel bad for people making dumb decisions, I don’t feel bad for meth addicts doing meth

[@rvandoom]

No one have any REGRETS! Stop scaring people about buying and continue renting from YOU!!!!

[@JackieBaker]

Oh for the love of God.🙄. Just trying to educate people and what NOT to do when buying a house. Have the day you deserve.

[@jenniferbond7073]

@@JackieBakerlol! I always wonder why people watch videos that don’t interest them. Your titles are clear, no click bait. Plus you are very informative and you don’t over dramatize.