Realtor says now you will pay mortgage of 1.5 if you don’t buy now the house rates will increase and ready to pay mortgage for 1.8. And he says buy when everybody in fear and sell when everybody wants to buy. Am IT person I do not know much about house market
My realtor says that from last 1 year surrey homes rise from 1.4 to 1.8 detached home. He says buy now. Because only realtor decide the price of the properties. No body knows the price of their property only realtor decided the price . My realtor says now you are getting at 1.5 next year you will get for 2 million . Am very confused
Do not listen to realtor because he makes commission when you buy. Home prices are not decided by realtor, When a seller want sell thro realtor, realtor only evaluates it's price baased on current prices other homes in that area were sold. Nobody knows if and when home prices increase oppr decrease. Like Mr Kalsi advising in this video you look how much you can afford. Bank can tell you how much you can afford based on your income and how much downpayment you have. Currently 5 year fixed mortgage is at 5.1% for 25 year. For home 1,5 million, you need 20% down i.e. you need 300000 $ and morgage for 1.2 m will be approx 7 to 8 thousan $ per month, their will be property tax min 500 $ per month and then monthly bills. If you can afford this then can buy. But do not if you can't afford.
Bhaisaheb, Inflation has risen again to 2.9%.
- People doesn’t have money,
- Foreclosures are hitting badly,
- Big players are forced to sell,
Realtor says now you will pay mortgage of 1.5 if you don’t buy now the house rates will increase and ready to pay mortgage for 1.8. And he says buy when everybody in fear and sell when everybody wants to buy. Am IT person I do not know much about house market
Baut acha show h only facts
I dont know why such shows not being seen by people
True
My realtor says that from last 1 year surrey homes rise from 1.4 to 1.8 detached home. He says buy now. Because only realtor decide the price of the properties. No body knows the price of their property only realtor decided the price . My realtor says now you are getting at 1.5 next year you will get for 2 million . Am very confused
Do not listen to realtor because he makes commission when you buy. Home prices are not decided by realtor, When a seller want sell thro realtor, realtor only evaluates it's price baased on current prices other homes in that area were sold. Nobody knows if and when home prices increase oppr decrease. Like Mr Kalsi advising in this video you look how much you can afford. Bank can tell you how much you can afford based on your income and how much downpayment you have. Currently 5 year fixed mortgage is at 5.1% for 25 year. For home 1,5 million, you need 20% down i.e. you need 300000 $ and morgage for 1.2 m will be approx 7 to 8 thousan $ per month, their will be property tax min 500 $ per month and then monthly bills. If you can afford this then can buy. But do not if you can't afford.
He is 100% wrong
If you can afford it buy otherwise wait
Right now in Surrey Cloverdale Langley surrounding area House is 1.350 to 1.4milion still after 2 year recession I think correction is done
Blind leading the Blind 😅😅😅😅😅