Reply to Getting desperate: What would you suggest to a first time home buyer?

Forum Index » Real Estate

Reply to "Getting desperate: What would you suggest to a first time home buyer?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]With low inventory and crazy bidding wars, we're getting desperate.  What would you suggest to a first time home buyer:
a. Market is too crazy and prices and interest rates are going to get higher. Buy now what you can afford in the area you want even though it does not meet your needs and you won't feel very happy there. Hopefully you can move again in a few years.
b. Market is going to do what it's going to do.  Don't buy a house you will hate living in.  Wait until something you like and meets your needs comes into market, even if it means paying more for it with higher interest.
c. Give up on schools and neigborhood you prioritized.  You can't afford there at the moment. Move to exurbs for a nicer home, and decent schools, even though they may not be what you planned and were hoping for your family.

For additional info: current lease expires in June and not likely to be able to extend...

I am imagining there are many families around here contemplating similar scenarios.

[/quote]

(a) for sure.  buy what you can afford in the area you want, and move up from there.  location matters far more than house.  [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics