I need help, have become a redfin junkie. I see homes within minutes of being posted even before they have images uploaded. It is actively affecting my personal and professional life. Feel weird that with 1-1.2m budget feel stuck in this crazy market. Looking for views, schools, decent home and transit to tech hubs(i.e. seattle, Kirkland, bellevue). Coming up short on at least few of them. It's this damn market! It's the FOMO. Wise ppl of blind, any advice would help. TC:220k YOE:4
Take a break… if interest rates go up, there is going to be a substantial cool down in the market. It will be wise to wait
If rates go up the cost of ownership increases substantially and would not be offset by even a significant drop in prices
Buyers have a significant portion in down payment these days. OP can invest meanwhile and increase downpayment later on thereby compensating for rate increase. Higher yr down payment, lower the impact of rate hikes and if the prices are down, OP will end up saving more in the long run
Don't worry about it. Just save up some money, wait for another "once in a century" recession, swoop in while prices are low, and reap the benefits when the market recovers. Just bide your time.
Congrats on the hobby. Hope you find a good home soon.
Delete the app
View and good schools, please choose one.
Views are overrated, just put on a nice poster/painting or a cheap 75in TV with wallpapers changing every few hours.
How long have you been looking. Normally it takes at least 6 months to understand the market and you might lose some offers in the process. Keep looking and submitting offers, you never know when there will be a slowdown or dip.
Get an agent so that 1) you don't have to look and 2) you know about the listing a couple of weeks earlier and have a real shot at buying?
With 1.2 m my friends it’s not going to happen. Might as well look in other places
Yep, you need a min of 1.5m and be ready to escalate by upto 20%
Redfin is updated after MLS itself. Have a real estate agent set you up a search criteria with alerts so you aren’t beholden to Redfin update cadence
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Same boat.