Strange situation for New home buyers after COVID - Jan report

[Sonu_Patel]

17 minutes ago, Aquaman said:

@Sonu_Patel assalu thaggaku...maintain the flow

 

Dallas nunchi poku bro.. consider buying in melissa or Anna.. you will get big house for good price.. charter schools lo veyachu

 

ittagey friend okadu last year very remote location home konnadu ata.. he listed home and doing price reductions every week.. no one is coming buy annadu.. 

[Aquaman]

2 minutes ago, Sonu_Patel said:

ittagey friend okadu last year very remote location home konnadu ata.. he listed home and doing price reductions every week.. no one is coming buy annadu.. 

dallas a?  which area?

melissa lo good schools e unnay

[Thokkalee]

35 minutes ago, Sonu_Patel said:

I own house and lands in India anna.. does that not count ? 

Who doesn’t bro? 

look at it this way.. will you take advice on home buying in US from someone who never bought a house in US?
Personally, I won’t.

[lollilolli2020]

2 minutes ago, Thokkalee said:

Who doesn’t bro? 

look at it this way.. will you take advice on home buying in US from someone who never bought a house in US?
Personally, I won’t.

will you buy a house on an argument saying "paying mortgage is better than paying rent"??

[Aquaman]

9 minutes ago, Thokkalee said:

Who doesn’t bro? 

look at it this way.. will you take advice on home buying in US from someone who never bought a house in US?
Personally, I won’t.

he owns a townhome in atlanta.. renting it out

[Pandubabu]

3 hours ago, Sonu_Patel said:

Key Note: Lot of people migrated from one state/city to different during COVID with the job flexibility provided by companies.

With the recent trend with companies calling return to offices and hybrid schedules, there are certain group of sellers who bought homes last year are forced to list at the premium price to cover the broker commissions. 

The bigger problem what i foresee is:

- Houses which are located no where from everywhere will be at huge risk. One heavily Motivated seller is enough to create the impact on the future listing prices. 

- Houses in bad condition or not well maintained will not attract buyers and end up a correction. 

- Houses in bad school district may not get enough interest with high interest rate environment. 

- Houses which are above the median sales price may not get enough number of buyer interest if the inventory levels rise this summer. 

- Houses which are priced over the market value will not attract any buyers. Greedy sellers will get a big hit. 

As per my Analysis, I highly recommend any one is looking to buy a home to OPT for a New Construction home rather than buying a Pre-owned home because the Builders gets associated with Lenders/banks to get a better rate and cover closing related expenses which is better bang for your buck. Pre-Owned home prices still depict the greediness in pricing and there is no benefit with interest rate offers/closing assistance. 

Itlu,

mee Sonu Patel. 

come to NC , no one cares about school districts . just NC aithe chalu 

[Sonu_Patel]

43 minutes ago, Thokkalee said:

Who doesn’t bro? 

look at it this way.. will you take advice on home buying in US from someone who never bought a house in US?
Personally, I won’t.

I already have Invesment homes anna. but @still renting due to job instability. 

[VictoryTDP]

7 minutes ago, Sonu_Patel said:

I already have Invesment homes anna. but @still renting due to job instability. 

inthaki mee friend konnadhi a city lo, paina remote area annav kadha uncle

[Sucker]

1 hour ago, Aquaman said:

dallas a?  which area?

melissa lo good schools e unnay

Yentha sepu Ind la parents ikkada kids mana gurinchi alochinchandi anna. Strips indian restaurants vunaya ani adagara yeppudu kids ne na anna 

[Sonu_Patel]

24 minutes ago, VictoryTDP said:

inthaki mee friend konnadhi a city lo, paina remote area annav kadha uncle

Georgia lo some out skirts annadu..

[Aquaman]

8 minutes ago, Sucker said:

Yentha sepu Ind la parents ikkada kids mana gurinchi alochinchandi anna. Strips indian restaurants vunaya ani adagara yeppudu kids ne na anna 

adhe ga sonu patel ki chepthunna .. nenu inka chingle anna 😀

[Anta Assamey]

Intaki House eppudu buy cheyamantavo cheppu...

[allbakara]

Prices increase avvakunda low lo unnappude ekkuva think cheyakunda with least interest rate ekkada job undho akkade manchi school district lo new construction koni untunna ma lanti vaalla situation enti bro mari

[lollilolli2020]

10 hours ago, allbakara said:

Prices increase avvakunda low lo unnappude ekkuva think cheyakunda with least interest rate ekkada job undho akkade manchi school district lo new construction koni untunna ma lanti vaalla situation enti bro mari

GC ledu gaa 

[perugu_vada]

16 hours ago, Sucker said:

Yentha sepu Ind la parents ikkada kids mana gurinchi alochinchandi anna. Strips indian restaurants vunaya ani adagara yeppudu kids ne na anna