Skip to main content

the 5 Biggest Things Home Buyer's Often Get Wrong. Per Twitter User; RealEstateMaxi (@Alan Corey | Real Estate Maximalist)

 RealEstateMaxi (@Alan Corey | Real Estate Maximalist) posted: I've sold over 400 homes as a realtor and these are the 5 biggest things home buyers get wrong.

1. A primary home is not an investment You are making emotional decisions on choosing a primary homes, which is often not the best spreadsheet decision. It's okay to invest in your lifestyle, but don't expect it have the amazing ROI on your finances too.

2. Saving for a bigger house doesn't work Your savings rate will not be faster than the rate of inflation. Trying to saving another $10k to have a bigger down payment just makes you buy the same house in a year at a higher price.

3. A forever home is myth The average length of home ownership is 8 yrs. You don't need to shop for a 30-year horizon. Your preferences, life, and career will change in unimaginable ways in 8 years and you'll be ready to move on to a new life and home sooner than you think.

4. There is no perfect home Every budget from $50k to $5 million has had to compromise on something. It might be location, SF, commute, school, yard. If you don't prioritize your wants and understand you'll have to make some sacrifices, you'll never find a home that works.

5. Waiting is your #1 enemy I have clients who didn't want to buy in the boom of 3% rates & bidding wars. Those same clients also don't want to buy in the lulls of 7% rates & sitting homes. The combo of the 2 will never exist so waiting for it means being a renter forever.

To recap: 1. Primary is not investing 2. Don't try to save for larger home 3. You only need to look for a 8 year home 4. Compromising is your biggest asset 5. Waiting is your biggest enemy

Alan Corey | Real Estate Maximalist
Real estate investing coach + curator of suburban landing design ideas | 3x Author | Atlanta Realtor | Investor | The real gold in my real estate blog 👇


Popular posts from this blog

Per Moneywise, Grant Cardone says, "I wouldn't touch the real estate markets of either Austin, Texas or Seattle Washington with a 10 foot pole."

‘I wouldn’t touch Austin, Texas or Seattle, Washington with anybody’s money’ : Grant Cardone says these two major US cities are some of 'the worst markets to be in right now' for real estate investors — here's why Story by Bethan Moorcraft • click here for the exact moneywise article  prolific real estate investor Grant Cardone has singled out two U.S. property markets he wouldn’t touch with a 10-foot pole: Austin and Seattle. Cardone shared this hot take — and many others — in an  interview with Moneywise  after he prompted an AI chatbot to answer the question: “What are the 10 best markets for investing in rental real estate in America?” The AI Smith response started with: “The best markets for investing in real estate in America can vary depending on factors such as population growth, job opportunities, rental demand, affordability and potential rental income.” Up until that point, Cardone — who performed the task live on camera — was pretty happy with the response. But

Click here to watch GVM's Unicorn 1 minute Rant against the "concrete vision plan" for Zilker Park & Barton Springs Pool

Click here and skip to 1 hour 30 minutes to VIEW the Unicorn's GVM 1 minute testifying Downtown Austin City Hall council chambers Rant! Or below is a TIK TOK, my brother Willy McGee created for fun..                                                 

The Future of Clarksville & Old West Austin? West 12th and West Lynn Blvd. Recap of Meeting Between the Neighborhood & Zydeco Development.

 Recap of Meeting Between the Neighborhood & Zydeco Development That the CCDC Organized On December 6 th , the principals of Zydeco Development, Meghan Yancy and Wes Gilmer, as well as Miguel  Rivera with Miro-Rivera Architects, talked with neighborhood residents about its plans for redeveloping thebuilding that formerly housed Nau’s, and where Anthony’s is still located, the parking lot between Anthony’s and Café Medici, the house where the coffee house is located, and the two houses on Eason that back up to the parking lot. Zydeco, a small, local real estate development firm founded by Howard Yancy, closed on all of this real estate  about three months ago. Miguel Rivera who lives on Patterson, is Zydeco’s architect for the project. Meghan lives on 14 th Street. During the meeting, Miguel and Meghan emphasized that they understand how important the properties along West Lynn are to the neighborhood, especially the “Nau’s building,” because they are neighbors. Meghan explained