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

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[quote=Anonymous]I have sold three houses in the last two years. (Within a few months really). I’m going to let you know, the last one I sold got 15 contracts within 3 days and sold 100k over asking, as-is, in cash.

In Howard county. 
In the winter of 2021-2022.

No basement. No remodeling. This house is my moms and we didn’t think it would sell so high. My fairfax house was even crazier.

This is my advice- get a really good real estate agent who knows how to work escalation clauses to your advantage. Be willing to buy a house as-is. Talk to more than one mortgage person about a loan. You might have flexibility elsewhere.

Consider a higher end townhome with a garage that is newer. Do not buy exurbs- if there is a bubble those locations crash first. You can work in a townhome- the trick is to have a basement. It separate the living areas more and you can move around then. Some of them have four levels- those work best.

Don’t wait too long. The real estate agent told me because of my most recent sale, agents are waiting for my closing price to raise prices with comps.

It’s going to be an utter mess.[/quote]

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