This Housing Market Sucks For Buyers!

The housing market has risen 8% in value in the last 12 months and is not showing any signs of slowing down. While this is great for homeowners, it makes it very difficult for homebuyers who are trying to get into the market. This is especially hurting first time home buyers and those who rely on federally backed loans like the VA or FHA Loan because their offers just can't be as competitive as a conventional loan or cash offers. This is making it very difficult for these buyers to get into the housing market.
-------------🔻Watch Next🔻--------------
💰 Real Estate Financial Strategy Videos • 10 HACKS To Pay Your M...
💵 Personal Finance Strategy Videos • The 6 Stages To Achiev...
🏘 Real Estate Investing Strategy Videos • 5 Costly Mistakes New ...
🏠 Real Estate Buying & Selling Tip Videos • FREE HOUSES - 3 No Dow...
--------------🔻Free Money Bonuses🔻--------------
The following links are all services I personally use and recommend. These are affiliate links so by using them you get a bonus and are supporting the channel at the same time.
✅ Get 2 FREE STOCKS when you sign up with WeBull 👉bit.ly/2QSAqYji
✅ Claim your $10 worth of Bitcoin here 👉 www.coinbase.c...
✅ Receive $10 by creating an account with M1 Finance 👉m1.finance/m1d...
✅ Sign up for Robinhood & get 1 FREE STOCK 👉bit.ly/35BrUIy
--------------🔻For Real Estate Agents🔻--------------
Sign up for my KZbin Lead Gen For Real Estate Agents Course here
youtubeleadgen...
Schedule a 1 hour KZbin consultation with me here
youtubeleadgen...
Join the Real Estate KZbin Mastermind Facebook Group
/ youtubeleadgen
Thinking of joining Keller Williams Realty or getting your Real Estate License? Let's schedule a zoom call and I'll tell you what I love about it! Email me at [e-mail]
✅ The camera I use: Sony A7iii amzn.to/2YH1zbn
✅ The lens I use: Sigma 16mm f1.4 amzn.to/3lkSuP4
✅ The microphone I use: Rode Videomic Pro amzn.to/2D5JGva
✅ The live Stream Mic I use: Blue Yeti X amzn.to/3gDNsd5
✅ The lights I use: 2,000 Watt Soft-Box amzn.to/2QA1MbX
--------------🔻Buying or Selling a Home In Maryland🔻--------------
🏠 WANT TO TALK REAL ESTATE? Fill out this contact form here livinginmaryla...
🏠 SEARCH FOR MARYLAND HOMES FOR SALE
livinginmaryla...
🏠 FREE HOME VALUATION
livinginmaryla...
🦀 Learn More About Living In Maryland Here livinginmaryla...
Malcolm Lawson
The Lawson Group
Keller Williams Flagship Of Maryland
📞C:410.443.8140
📞O:410.972.4000
📧[e-mail]
🖥www.LivingInMa...
#RealEstate #Finances #Money

[@AntonyReed]

Make sure buyers' expectations aren't too high. Make sure they understand that it's a seller's market like no other and they will need to be prepared to pay more to secure the deal. Propper mental preparation should help boost their aggressiveness in putting in competitive offers and limit buyer-fatigue.

[@yellohj2]

When we listed we did a “coming soon” for a few weeks then fully listed with delayed showings. We had 16 scheduled on the first day tours. An open house the next day over a weekend and had 16 agent represented views. The Monday after we had multiple offers with escalating clauses. 2 offers we didn’t accept were VA, but the one we selected waived inspection and appraisal, and put 40% down. $20k above asking. I am a VA mortgage holder, and had to actually cover the difference in appraisal when I originated the loan in 2012. I am a loan owner. Also having a mortgage makes you a loan owner not a homeowner. That equity is the bank’s equity. That is why in order for you to access it you have to pay interest. Once it is paid off you actually own it. 🤯🤯🤯🤯

[@tgueye42]

I’m one those right now who are having buyer fatigue & I consider myself more prepare than most first time home buyers I have the money for the down payment & even all the closing cost if needed but I just can’t compete when comes to the bidding wars plus it doesn’t help that my state is one of the hottest market right now I’m not giving up but I refuse to settle for less

[@armyretguy7365]

Rural areas tend to be better...

[@r987p]

Gl to you

[@Jude13able]

We are quickly on our way to becoming a renters society. All home will be owned by large corporations, boomers, Gen xers, or early Gen yers. But if you can't afford a home now you might want to think about purchasing at least 2 acres of land and building the house you want on it.

[@armyretguy7365]

I’m using my VA loan through Veterans United around May/June, already preapproved. I’m looking at rural areas or small mountain towns in Appalachia. The prices aren’t really hiking like crazy, the houses on the market for a while are obviously not in bid wars, and there’s no jobs so people aren’t rushing there. So my buying strategy is a grab a good deal out that way. I feel like on the right property I can get the owner to foot the difference of my earnest money on closing costs.

[@1isaM111er]

Inflation caused by govt spending.

[@isaiahrodriguez6308]

Gen Z here, working in Cali as a Realtor. Yeah, my generation is f*cked. LoL

[@1isaM111er]

Build up cash which depreciates daily.

[@timeforachange-i3s]

Millennials I hope you will learn from my future daughter-in-law's mistake. She bought a condo in downtown Atlanta area in May, 2020 for $188K. Today units are listed in this same building for $170K. In six months she has lost $18K and that does not include closing costs and realtor fees (add another loss of ~$12K-$16K). To top it off her monthly HOA fees are $500 per month for a high-rise building. My son just proposed and they are getting married in 2021. The have no idea what to do about this condo since they are number 34 on the rental waiting list. Millennials buy from emotion, and this old lady only buys based on location, and price per square foot - PERIOD. I buy real estate strictly as an investment and I never have an emotional attachment to a home/condo. I can live in a run down shack, sell it, and start all over again. Lastly you millennials that make comments that you don't care about the price, because the monthly payment is great due to the low interest rate. You also go one step further and state that since this is you forever home, you only care about the monthly payment and not the actual value of the house. Fact, 50% of couples will be divorced within the next 6-13 years. Therefore 50% of you will care when you get divorced and your house is worth considerably less than what you paid for it. Oh that's right you millennials will lobby the government to write-off the loss just like your student loans. You millennials make one bad decision after another and want the taxpayers to pick-up your tab. Grow-up kids, or once we are gone you will all need to learn Chinese.

[@KirstenSunesen]

Chill out

[@miguelena40]

true story I am a shuttle driver I transport pilots every day and I heard stories , every days they talk about the new properties they buy., half million properties with not even a 6 digits salary ., and they still believe is an investment. is amazing how financially stupid are the people . I being living in the same building for 15 years in 2005 the 700 sf apt. use to sale for 90,000 now is all time high and they are selling for 130,000 , but the maintenance is 450 usd a month means 81,000 in 15 years for maintenance , plus taxes and repairs in 15 years they are loosing a lot of money.

[@MegOkuraJazz]

I wish this was true in Manhattan.... I am about to list in less than two weeks. Anyone wants to buy my beautiful amazing condo for 80K less than Zestimate?

[@ordinaryman1603]

without buyers and sellers there is no housing market. buyers have actually sucked up the houses - so change your title bro.

[@miguelena40]

statistics my friends ., Have to be so extremely stupid to buy something all time high.