Should I wait to buy a houseIf you want to buy a house you have to let go of fear.

 

A lot of people ask, “Should I wait to buy a house?” Now, if you’re just nervous about it that’s what you have to let go of. There are a lot of great reasons to buy a house. In a lot of areas, mortgages are cheaper than rent. And you get a lot more for it. What’s important to know about fear is that fear is really an acronym for “false evidence appearing real”. Replace false evidence appearing real with knowledge. Is 2020 a good time to buy a house? Look at the stats. Check out the market. Let’s get a little more in depth on reasoning when it comes to buying a home.

 

One of the first things people mention as a reason to not buy a house is their student loan debt. Many of us have heard of student loans being an acceptable form of debt. And it is! Student loans are a good thing for your credit rating so long as you make payments on time. These are usually long term loans so it will give you quite a boost if you’re being responsible about it.  “Should I wait to buy a house because of my student loan debt?” No, absolutely not. Many loan officers will work with you regardless of the amount of student loans you have out. You can also consolidate them or find other loan repayment options. 2020 is a good time to buy a house so don’t worry about your outstanding education loans.

 

 

Find the Perfect Agent

Find the Perfect Agent

Tell us anything

  • 1
  • 2
  • 3

Home Buyers and Sellers - Agent Search

What are you interested in?

When?

Agent-Match

Have you been involved with the sale of a home before?

How many times have you moved in the last 5 years?

Do you often:

I prefer to work with someone between the ages of:

What's your ethnicity?

What best describes your religious beliefs or spirituality?

How important is... dependability - On a scale of 1 to 9 (1 = Not Much, 9 = A Lot)

How important is... Enjoying the way I feel around people - On a scale of 1 to 9 (1 = Not Much, 9 = A Lot)

How important is... one-on-one compatibility - On a scale of 1 to 9 (1 = Not Much, 9 = A Lot)

How important is... My friendship between me and other people I meet - On a scale of 1 to 9 (1 = Not Much, 9 = A Lot)

How important is... Enjoying working with people - On a scale of 1 to 9 (1 = Not Much, 9 = A Lot)



How well does this describe you in life?

I do things according to a plan - On a scale of 1 to 9 (1= not at all, 9=very much so)

I take time out for others - On a scale of 1 to 9 (1= not at all, 9=very much so)

I feel unable to deal with things - On a scale of 1 to 9 (1= not at all, 9=very much so)

I love to help others - On a scale of 1 to 9 (1= not at all, 9=very much so)

I seek adventure - On a scale of 1 to 9 (1= not at all, 9=very much so)

I often leave a mess in my space - On a scale of 1 to 9 (1= not at all, 9=very much so)

I often carry the conversation to a higher level - On a scale of 1 to 9 (1= not at all, 9=very much so)

I get stressed out easily - On a scale of 1 to 9 (1= not at all, 9=very much so)

I often make others feel good - On a scale of 1 to 9 (1= not at all, 9=very much so)

I am good at analyzing problems - On a scale of 1 to 9 (1= not at all, 9=very much so)

Tell us more about the home:

What is your Target Price Range?

How Many Bedrooms?

How Many Bathrooms?

Are you PreQualified?

Personal Details

What is your email address?

What is your phone number? (will not be shared with anyone)

What is your name?

What is your CURRENT Zip code?

What ZIP Code are you moving to?

Write anything you think we should know

 

Housing Market

Because the housing market has its ups and downs, we like to watch it closely. Your2020 housing market real estate agent will help determine a good time to buy. It doesn’t cost anything to get an agent, by the way. Watch the market yourself as well. There are tons of resources online for keeping up to date on the housing market.  Are multiple bids going on in the market? Yes, if it’s a really strong seller’s market… If it’s a really strong buyer’s market then the sellers are going to be wishing for offers. And in a stabilized market, negotiations are a little bit easier. Both the buyer and seller have equal pull. The best reason to buy a house is because you want a home. And yeah, maybe be cautious about it in a seller’s market. But don’t let that stop you; the housing market changes a little everyday.

 

 

As the housing market gets more expensive, so do rentals. Your friends who rent may be paying a similar amount to another person’s mortgage but have way less space. That can motivate anyone to want to buy a house instead of renting, right? But it can also make people nervous because it could be a housing bubble. Prices start getting outrageous all over the board and blogs start talking about a crash. Once the housing market crashes, the prices of homes and rentals plummet hard. One dollar is not always worth one dollar. It simply depends on what you can get for that dollar. The problem is that if you wait too long, prices get higher and higher. There is no crash. And now you’re priced out of buying a home until further notice, basically.

 

buying a home“There’s a real person selling the house you want to buy…”

Let me let you in on a little secret… The person selling a house, in your price range of course, most likely bought it for less than they’re asking. They need to make a profit, right? So, this person originally got approved for less of a loan than you got approved for. And they may have even been in a similar spot that you are in now. Maybe they are a little worried about the market. Talk to them! Let them know what you’re thinking and what your concerns are. Ask their own experience – most people love talking about it. They can’t really hide anything from you as inspectors on both sides are looking for problems. They have to disclose problems with the house so just be real with them. I know so many people that have maintained relationships with the person they bought their home from. Let’s share our stories.

 

 

Another thing to think about is bad advice. Like I said, people love to share their experiences but let’s make sure it’s relevant. If grandma and grandpa say that they bought a home in 1945 for 10k… Well, that certainly isn’t relevant to the current housing market or economical struggles today. If they’ve stayed in that home this whole time, congrats to them – their investment has grown tremendously! But that doesn’t help you here and now. If a friend tries to make you worried about the housing market, in any way, ask where they got their information. “Oh, I read an article on the internet from…” And they name a random website… Well, that’s not good advice. Trust your agent. Do your own research from reputable sources. Popular sites that specialize in real estate like this one.

 

Preparation is Key

The bottom line is that you need to buy a house when you’re ready to buy a house.  It can be said that no one is ever really ready for their first home purchase. There will always be doubts but there should be a lot of exciting moments as well. The best thing you can do for yourself is be informed. What’s the market like now and what’s it expected to be. What does growth in your community of choice look like? Check out interest rates, where they were, and where they’re headed. Get good advice and be as prepared as possible.

 

Finding the RIGHT home >>

 

USDRE Guide to Buying a Home

HOW TO BUY A HOME

FIRST TIME HOME BUYER EDUCATION

HOW TO FIND THE RIGHT HOME

HOW TO KNOW YOU FOUND THE RIGHT HOME

COMPROMISES YOU SHOULD NEVER MAKING BUYING YOUR FIRST HOME

 

SHOULD I WAIT TO BUY A HOUSE

HOW TO IMPROVE YOUR CREDIT SCORE FAST

THINGS SUCCESSFUL HOME BUYERS DO

FINDING THE PERFECT FAMILY HOME

BUYING A LUXURY HOME

 

More Real Estate Information

PICKING A REAL ESTATE AGENT (9 TIPS TO FIND THE RIGHT ONE FOR YOU)

HOW TO HIRE A REALTOR

TIPS FOR HOUSE HACKING

WHAT MAKES A REAL ESTATE AGENT GREAT?

 

WHAT HAPPENS TO YOUR HOME WHEN GETTING A DIVORCE

THINGS TO CONSIDER WITH INVESTMENT PROPERTY

CAPITALIZATION RATE

A REAL ESTATE MARKET CRASH?

REAL ESTATE SCAMS

 


You can search for Agents by NAME or by ZIP CODE using the form below

Visit www.USDRE.com to get hooked up with a real estate agent that will work with you on a personal level and find what you’re looking for!

To find a real estate agent that can help you, click below to search in your area.

 

USDRE Helps You Sell

 

 

Get FREE Access to USDRE

Agents, click here to login/signup

Homeowners, Renters, and Buyers get full access to browse USDRE at no cost by completing this form:

×