| by Kenneth Chase | 100 comments

First Time Home Buyer MISTAKES | 9 Mistakes First-Time Home Buyers Make | First Time Home Buyer Tips


Buying a home is an exciting time of your
life. And buying your first home is a great accomplishment. But there are some things to be aware of so
you don’t get buyer’s remorse. How’s it going everyone, welcome to the
video, my name is Matt Leighton and if this is your first time here, be sure to subscribe
so you always stay up to date on the latest real estate video. Today’s video is all about first time home
buyers. First time home buyers often get pulled in
so many different directions on guidance from parents, friends, neighbors, and others on
how to best to go about their home search. And because of all the noise out there, I
thought it would be beneficial to you to come up with a list of 9 first time home buyer
mistakes that I’ve seen so that you can avoid making these mistakes. Let’s begin — The first and biggest mistake that first-time
home buyers are making is that looking before you’re financially qualified. This one is so important. And I don’t know if all first time home
buyers are getting together and saying, “OK, we’re not going to get pre-qualified until
we’re ready to write an offer”, because it certainly feels that way sometimes. There are a lot of mortgage calculators and
sleek looking websites out there that you can punch in your income and what you want
your monthly mortgage to be and it will spit out your budget, but that is the wrong way
to go about getting pre-qualified. You need to talk with a lender before you
start looking at houses. Why? Why is this so important? Because you don’t know what you can afford
until you’ve been told what you can afford. You don’t get to determine your budget. That’s the lender’s responsibility. You are setting yourself up to fail if you
don’t talk with a lender. You may think you an afford a $600,000 house
in Arlington when in reality you can only afford a $300,000 home in Woodbridge. Listen I know you’re excited to see houses
and I know you have your checklist, but that is meaningless without financial qualification. So go out there and talk with a local lender. — The second mistake is looking for a unicorn
— Speaking of your checklist, hopefully you wrote it using a pencil and not a pen
because you might need to make adjustments on what you’re looking for. Yeah, that home with a 2 car garage, fenced-in
backyard, finished basement, with the open kitchen that’s walkable to your favorite
shops and restaurants does not exist. It only exists in your mind. And if it does exist in real life, it’s
twice your budget. Think about what’s most important to you
and know that you’re not going to get everything. The goal is to find a home that meets 75%
of your criteria, and then it’s up to you to make up that last 25%. You are not living on HGTV. There’s a lot more value in buying something
outdated and slowly making it yours than only considering homes with granite counters and
stainless steel appliances. — Mistake number three is Using the listing
agent to represent you. Let’s say you walk in to an open house,
you decide you love the house and you want to write an offer so you talk with the listing
agent who’s at the open house and that agent agrees to help you. Who better to help you write the offer and
facilitate the transaction, than the listing agent who knows the home and can directly
talk with the seller, right? Wrong. The listing agent’s best interests are in
helping the seller get the most money in their pocket. Oh maybe you thought the agent would cut their
commission if they represented both sides? Maybe, maybe they cut it 1%. But if the property is overpriced by 5%, are
you really saving money? And what happens when the deal goes sideways. Do you think the listing agent is going to
have your back? This is probably the largest financially transaction
that you’ve made in your life up until this point. Do you want someone that represents the other
side’s best interest, or your best interest? You want someone in your corner to guide you
and lead you with your best interests in mind. You want a buyer’s agent. Do your research and find a good buyer’s
agent who’s an excellent negotiator. If you’re in the D.C. Metro area, you already know who to call. And in your local area, just as you research
homes, and mortgage companies, research and find a great buyer’s agent. — Mistake number four is Looking too much
into online home values. I’ve held hundreds of open houses. I’ve interacted with thousands of people
in the D.C. Metro area and not one time has someone said,
Hey I’m here from Zillow and I’m going to walk the property to calculate the Zestimate. It’s because it doesn’t happen. Zillow never goes into properties. How can they have an accurate pricing tool
if they don’t step foot inside of a home? Zillow even admits that their Zestimates are
inaccurate. Just to give you an idea, Zillow’s own CEO
sold his home for 40% less than the estimated value. It’s almost comical when someone presents
an offer and cites the Zestimate as the logic behind the offer. A better way to determine a home’s value
is to study the market and look at what comparable properties have sold for. That’s it. You don’t need a fancy algorithm. — Mistake number five is Expecting the value
of the home to increase. Guys, it’s not all rainbows and unicorns. The reality is that your home value might
not increase after you purchase it. It may even decrease. You should purchase your home because it’s
a smart financial move for you, it helps your family, and it increases your quality of life. And if the market, which by the way, you can’t
control happens to go up during the time you own the property, good for you. However if your whole goal is to try to time
the market and get in and get out at the exact right times, you’re not going to win. The truth hurts. And if you’re disagreeing with this point,
maybe you need to take a deeper look. Look I’m not saying it’s OK to buy an
overpriced home. I’m not saying it’s OK to buy in a neighborhood
that doesn’t see appreciation. It’s more the mindset that you’re going
to buy this home, live in it for 7 years, have your first kid, then sell it for 10%
more when you’re ready for your second kid. It’s not going to be 75 degrees and sunny
all the time. Sure there are certain things you can do to
increase the likelihood that your home will increase in value. But at the end of the day, this is your home,
your well-being, your livelihood. Make sure that your quality of life is what
you are looking for first, because that’s what’s most important, and if your home
increases in value, even better. — Mistake number six is Underestimating
your expenses — Things like utilities and extra unexpected repairs eat up a lot more
than you initially think they would. The general rule of thumb is to estimate about
1% of the purchase price of the home for yearly maintenance, repairs, and major yard work. There’s a saying that goes, Once you buy
your house, things start breaking. You should be saving and budgeting, anticipating
that things are going to break. There are hidden costs of owning a home and
while you don’t need to know all the hidden costs, you should budget for extra costs and
expect the unexpected. — Mistake number 7 is Feeling rushed. This one is a tricky one and let me tell you
what I mean. Do not let anyone make you feel like you have
to decide and make an offer before you’re ready. If you’re rushed and you’re unsure of
things, it’s inevitable that the end outcome will not be a good one. You may lose a house because you’ve taken
the time to think it over and by the time you’re ready, the house is off the market. It’s easy to fall in love with a house,
but there are other houses. Now with that being said, if you are in a
market where homes move fast and the market is strong, you may need to re-consider your
strategy. It’s ok to take your time at first. However, there is a difference between feeling
rushed and dragging your feet. If you consistently see that properties go
under contract after the first weekend or in a short period of time, it’s a sign that
you need to strike quickly. So take your time, learn about the market,
get an idea of how fast things are moving, so that when you are ready to move forward,
you do it quickly and aggressively. — Mistake number 8 is falling in love with
the house. We kind of touched on this earlier. Only in rare circumstances will this be your
forever house where it will immediately meet all your needs now and forever. Or if you’re like the rest of us, the house
will be suitable for a few years then you’ll move to the next house. Now obviously everyone’s life is different. This may be the house that you live in for
the next 20 years. And that’s fine. I’m a big proponent of thinking and acting
logically and rationally. If you fall in love with the home before your
write the offer, you’re going to overpay for the house. Or someone will outbid you and you’ll compare
every future house to the house you lost, and that’s not good. It’s ok to love the house after you move
in. Don’t get attached to houses if they are
on the open market. They will disappear, they will go under contract,
someone else will buy them. But guess what, another house will come on
the market. And this one might even be better than the
last one. You only have so much energy. Don’t waste it by falling in love with a
fairy tale. The time to celebrate and the time to fall
in love is after settlement and after you’ve moved into your new home. — I am going to end my list of first-time
homebuyer mistakes by touching on something that might catch a few of you off guard. Mistake number 9 thinking renting is throwing
away money. And the mistake that some first-time home
buyers are making is that they are buying a home. Now I’m a salesperson. My job is to sell homes. But guess what, there are a lot of you out
there that would be much better off not buying right now. It’s very simple. Renting versus owning depends entirely on
your own personal circumstances. If you move around a lot? You should probably rent. If you have kids and want them in the same
school, buying is probably a better route to take. Figure out your ‘Why’. Why are you going to buy? Decide if it’s right for you. There are 2 additional items on this point. First being is that if you look at long-term,
many people end up with a much larger nest egg via real estate investment. And two is that many people who are at retirement
age have the equity in their home that makes up the largest portion of their wealth. The lesson here is that purchasing long-term
is probably the best financial decision to make, with the caveat that purchasing right
now, this instance because your brother told you to, or because you want to make your parents
proud may not be the best plan. And there’s nothing wrong with renting right
now if it fits and is congruent with your current situation. Alright ladies and gentlemen there you have
the 9 mistakes that first time home buyers are making. I hope that you’ve learned something. If you found this video helpful go ahead and
hit that thumbs up button and let me know that you liked this video. Thanks for watching. Until next time, create a productive day. Take care.

100 Comments

Matt Leighton

May 5, 2018, 3:25 pm Reply

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Nicholas Ng

Apr 4, 2019, 5:57 am Reply

Start at 0:50

SNM99

Apr 4, 2019, 2:08 am Reply

Renting IS throwing money away!!!! You're paying for something that you will never OWN!!!!

Mch Cdo

Apr 4, 2019, 4:55 am Reply

I'm gonna be buying a house next year, it's gonna be for first time. Here I am on youtube looking for a video exactly like yours. You make a lot of sense to me. I will be very careful thanks to your advises.

Walter Munoz

Apr 4, 2019, 9:36 pm Reply

After watching this i stopped looking at houses. I'm going to talk to lenders and figure out what i can afford. Thanks for this helpful video.

Luis Briones

Apr 4, 2019, 12:41 am Reply

Buy yourself a microphone if you wish to give people advice on YT. It makes a big difference.

Erick Garcia

Apr 4, 2019, 7:50 am Reply

His speech on falling in love with a house is great love advice lol

Delilah Weeks

Apr 4, 2019, 11:03 pm Reply

I would say "what you can afford" take that and reduce it even more so you can put more money into your life!! That said, excellent video… 🙂

Bryce Oleski

Apr 4, 2019, 12:34 pm Reply

Matt I like the video except for your first piece of advice. "you don't know what you can afford until you've been told what you can afford by the lender." That is terrible financial advice and is how sub prime mortgage crisis was created.

Every home buyer should determine what they can afford using a budget prior to getting pre-qualified so that they do buy too much house. It's the lenders job to get you into the largest debt possible because that pays them more money.

ZymaPro – Formerly Proxima-Bee

Apr 4, 2019, 7:46 pm Reply

Love the video. Love the energy. Some of us dumb noobs need the straight talk and young person energy to get through some of those mental walls. ;P lol My wife and I totally did mistake number one and everyone on Youtube is saying "Don't start looking until you have financing." We know how much we can get because of online calculators, but that is NOT the same as finding a broker who says, "Hey, this is how much your best mortgage option will lend you for your situation." My wife and I are way undershooting what market value we are going for. We are only using one income to float the mortgage even though we have 2 incomes, but that does NOT mean someone should skip the pre-approval phase if you are really interested in buying in the very near currently seeking future.

Iamdantebruhh

Apr 4, 2019, 4:14 am Reply

Do you know anything about the quality of Ryan Homes?

Stenige Maldonado

Apr 4, 2019, 9:45 am Reply

Thank you for the information ?

Stephen Bailey

Apr 4, 2019, 12:38 pm Reply

Great tips Matt! Following these will definitely help everyone in avoiding some big mistakes.

Christopher Hodgins

Apr 4, 2019, 3:17 am Reply

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alexander wei

Apr 4, 2019, 2:23 am Reply

Took him 1 min to make me not want to hear his voice, and I watch a lot of useless youtube videos.

Angelina Sparacino

Apr 4, 2019, 7:29 am Reply

I spoke to a lender who knew nothing about first time home buyers programs. I actually told him about them. He has been doing this for over 25 years and is listed as one of the top lenders there is. I spoke with both. Lender and realtor. Long story short, we met about 2 weeks later, had a meeting and he showed us different programs. MAYBE it is just me, however I want the person I'm getting info from to be knowledgeable about the topic at hand. I want them to know the ins and outs of what is available. The fact that he just looked into them makes me think that going through him isn't the best decision. For example, there is a program that covers closing costs. He said there was no such thing. Am I better off going to someone who is well versed in this area to get the best deal, or do you think it is fine because he researched and educated himself on the programs?

Katelyn Carper

Apr 4, 2019, 12:36 pm Reply

ANy advice for a couple looking to buy a house in Richmond or around there?

Herman A.

Apr 4, 2019, 1:29 pm Reply

I love this guy! Thank you for this video. Honest talk

M

Apr 4, 2019, 7:42 pm Reply

1 percent on maint. costs …thkx!

Frank R. Pilot

Apr 4, 2019, 2:21 pm Reply

Precualified? Stupid seller what about if I have the whole money, idiot, you don’t want waste your time right?

Herbert Dt

Apr 4, 2019, 12:49 am Reply

They can approve me for a million but I would only buy 450k….

Mr. Ramirez

Apr 4, 2019, 4:11 am Reply

Should I pay $800 for rent?
Or
Should I pay $800 mortgage?

Cristina Gonzalez

Apr 4, 2019, 4:41 am Reply

Is buying a condo for my first home a good choice if single family homes are out of my budget because im tierd of renting?

l

Apr 4, 2019, 10:59 am Reply

Thank you Matt for being straight up and honest about the whole deal. We should have people like you and with the same mentality as you who know the job well and will not lead people in a wrong direction in the real estate market. Good job and best of luck to you.

Mandy R.

Apr 4, 2019, 5:43 pm Reply

First time owner(still looking) and this is a great video! Also want to add that be sure to check HOA Policies BEFORE making an offer or escrow. We dodged a HUGE bullet of a condo with an awful HOA that fines for the most ridiculous things. Not all real estate agents disclose this before or if you don’t ask.

Amar Abdelli

Apr 4, 2019, 10:48 pm Reply

This dude is so negative.

Jean Nalvarte

Apr 4, 2019, 5:40 am Reply

Felt like you were having a face to face conversation with me. Read my mind, great advises I thank you a lot for the info ??

Sam Rosenberg

Apr 4, 2019, 5:34 pm Reply

Ur in the DC area? Might need some help

Paola Niño Blanco

May 5, 2019, 6:27 pm Reply

I love himmmm!! Its our first house and we’ve been through all of that, i look all the time at zillow’s estimate, but maybe it’s better to look at the recent solds and interior exterior!! After 5 offers we gor the house, not perfect but almost! Like he says, not updated but much better than other things we’ve seen.

Paola Niño Blanco

May 5, 2019, 6:32 pm Reply

Omg everything he’s said is so true… we started very scared and took our time, but now we are agressive and on our way to buy and close contract!

GreenLagoon

May 5, 2019, 11:33 am Reply

valium

MiVidaBellisima

May 5, 2019, 8:02 pm Reply

Very blunt, honest, and thought provoking. I liked it ?

Sonja G

May 5, 2019, 3:22 pm Reply

So many great solid points, that some of them even made me laugh. I also love the yelling, Matt. It shows confidence and knowledge. My husband and I would love a realtor like you!

Yarelis Acosta

May 5, 2019, 3:12 am Reply

My husband and I Purchased a house
I didn’t like the house but I did some renovations, Now the house looks nice, but we are selling why?
Buying a House it can be Your Blessing or worse nightmare, in our case it became our nightmare, why because We did rushed buying it, I was relocated from my job an hour away from the house, paying extra money gas and Tolls, You have the Mortgage/Insurance House expenses, HOA etc… plus utilities People It is a Big deal, Thankfully we were able to make our payments on time because as Nurses my hubby and I we could, but Buying a House is easy Maintaining the house and Utilities that’s the challenged
so we are going to sell, We decided to start From scratch again but Better!!

We want to be able to pay off some of our credit cards one of my car Is paid off by the end of this year, we are paying off most of the smaller debts so we can give a big down payment and a better low interest deal Mortgage, next time, I suggested to all the people out there Be very cautious don’t rush if you are not able to have enough money for your down payment or closing expenses don’t do it take it slow, safe a little more $$$
.
Everything happens for a reason We learned our lesson and this next time we are not going to rush, we are going to do things right and properly.

Colton Baird

May 5, 2019, 5:19 pm Reply

I am a realtor and this is wrong. If a listing agent is also representing the buyer then they must respect the best interests of both parties. In my state this is called dual agency and you must obtain confidentiality to every single one of your clients, once the buyer is in contract with that agent that agent had a duty to serve the best interests of them as well. When it comes down to negotiating the agent is not allowed to give advice to either the seller or the buyer on what the agent thinks they should do. Example: if the buyer says “well do you think if I offered $5000 less they might consider my offer?” The agent can’t say something like “yes I think they would because they told me they would take up to $10,000 less”. The agent had to say soemthing like “I don’t know what the sellers would take and I think you will have to decide if that will work”

Olivia Vanpuyenbroeck

May 5, 2019, 3:35 pm Reply

I made an offer yesterday and I'm scared hahaha fuck.

elninostorm

May 5, 2019, 10:09 pm Reply

Thing is, the Zestimate is a lot more accurate on cheaper properties. It's pretty close to the comps that have sold in our neighborhood recently (110k – 180k).

Sour D

May 5, 2019, 4:48 pm Reply

Great tips ?

Josed D

May 5, 2019, 2:12 pm Reply

Great video and reason 9 is on point thank you for the video

Synthia McCarter

May 5, 2019, 4:44 pm Reply

How do I get financing for a foreclosed home that's up for auction. I currently Occupy this home and I know exactly what repairs it needs. The auction states home as is. No financing available because the home is occupied. I would also be a first time buyer. Is this possible to achieve?

los1775

May 5, 2019, 5:13 am Reply

Chaka Chaka

Oof Oof

May 5, 2019, 12:40 am Reply

I need to buy a house not rent… because I’m getting married soon and I want a baby a year after

Eduardo Jara

May 5, 2019, 8:25 am Reply

why is Season 4 Jessie Pinkman yelling at me?

Paul Lewis

May 5, 2019, 2:42 pm Reply

nice video

G Williams

May 5, 2019, 1:53 am Reply

Looking to purchase a home in Raleigh, NC where the average annual appreciation is 4%. Should I still be skeptical about gaining equity? Also, I'm 35 years old. I'm just now at a place where I can afford to purchase a home, and I've been renting all my life. I also feel like I've thrown money away by renting. Please expand.

Jordan Seitz

May 5, 2019, 3:17 am Reply

I’m currently starting the process to buy in DC … thanks for posting!

K L

Jun 6, 2019, 12:12 pm Reply

Why do you talk in this video like you’re speaking to children..?

2rawww

Jun 6, 2019, 9:49 pm Reply

300? I just want something dor round 100?

Slate X16

Jun 6, 2019, 1:57 pm Reply

Thank you for walking down the steps with me. This will be the first of many videos I will be watching in terms of home buying. We only have a limited time before we have to move. I wish we can take our time, but we can't. This summer is going to be very stressful for me and I'm going to have to exercise all the energy I can to help us find something whether it is buying or renting…These tips helped though. Thank you.

AJ’s Adventures

Jun 6, 2019, 1:40 am Reply

Should I purchase a condo home for $200k straight out of college? I'll be graduating with a bachelors and masters degree in hospitality management.

haleywells11

Jun 6, 2019, 7:11 am Reply

I've moved around every 2 years on the dot. and made 50,000$-100,000$ every time.

No Filter Family

Jun 6, 2019, 7:05 pm Reply

The squeaky wheel gets the grease.

Iriskenia Fernandez

Jun 6, 2019, 2:12 am Reply

It sucks when the lender says what we can afford but we get disability money and it’s like another income, they don’t count that, we also get money for going to school that’s another major income and well, doesn’t count, basically we make 10,000 a month and can’t afford a 500,000 dollar town house.. why?

James Pickles 3

Jun 6, 2019, 12:38 am Reply

Holy shit 300k. I just closed on a 100k home with a oversized garage with carport and shed. 1 acre of wood land for hunting. Brand new oil and coal furnace. Just need new paint and carpet. 800 a month. Get a good and honest realtor.

Mohammed .s

Jun 6, 2019, 6:42 pm Reply

My foreskin smells bad

Delaw2 xoxo

Jun 6, 2019, 1:45 am Reply

I want to cry I need you here in Georgia

William Buildwahl

Jun 6, 2019, 1:11 am Reply

Where's your shirt from?

Juan T

Jun 6, 2019, 12:44 pm Reply

+1.5 speed has entered the chat room. So much better.

Stone Master

Jun 6, 2019, 1:06 pm Reply

Investors will take away your dream home 90% of the time

Christopher Sewell

Jun 6, 2019, 3:23 pm Reply

England did something to me

Devin Bush

Jun 6, 2019, 7:16 am Reply

I'm not a first time buyer.we are purchasing our second home. Not just second home but upgrading homes and keeping our starter as an investment. One of my tips is keeping other debt to an extreme minimum. Hey on Dave Ramsey and clear your debt to income.

Tyler Calvino

Jun 6, 2019, 8:52 pm Reply

What a moron.

TONYTHEEVIL lll

Jun 6, 2019, 2:45 pm Reply

one question if you have a higher percent of down payment does it give you an advantage when buying and biding in a house?

Carlos Aquino

Jun 6, 2019, 6:16 am Reply

I told my lender about the unicorn ? ??‍♂️

Eddie Arcega

Jun 6, 2019, 2:01 am Reply

Hello. I just started my home buying process. I ended up going with remax and go prime mortgage loans. I've been told that once you start your home buying process you have up to 120 days from the first time they run your credit to go ahead and try different mortgage loan lenders without further affecting your credit score. Would this be correct? Sure hope it is so that I am not limited to remax and go prime mortgages in case I am not satisfied with their services.

diamondwolfpack 6

Jun 6, 2019, 12:18 am Reply

Is trulia a good app for buying your first home

Samantha Smith

Jun 6, 2019, 1:58 pm Reply

Let's be real, all agents' best interest is themself. They don't care about the buyer or the seller.

Samantha Smith

Jun 6, 2019, 2:07 pm Reply

Why do your subtitles never match what you say? The subtitles either miss a ton of what you're saying or adding in stuff that you didn't say. I always use subtitles and I have not ever seen this on any other channel.

melinda mcgee

Jun 6, 2019, 1:01 pm Reply

I feel personally victimized by this video ?

Ch Ha

Jun 6, 2019, 5:18 am Reply

Good stuff. But too loud for my ears.

Aussie Pom

Jun 6, 2019, 12:33 pm Reply

This maybe in America but they're are other countries in the world where first time home buyers are really up against it. In Australia and in Sydney most home buyers are well heeled investors. How on earth is a young couple suppose to be able to even afford a deposit on a ordinary run of the mill $3,000,000 three bedroom house on a small plot of land. Most young first time home buyers have given up ever buying or owning their first home. They just rent for the rest of their lives or move to a country area well away from a capital city and start a new affordable life.

debunker300

Jun 6, 2019, 2:05 pm Reply

I'm technically not a first-time home buyer since I just recently purchased my second home, but I think it's worth reiterating that virtually everyone in the process….the real estate agent, the mortgage company, the inspection companies, etc, work with the best interests of the SELLER in mind, NOT you, the buyer. There is NO incentive for anyone in the transaction to help buyers…they won't help you figure out if the home is over-priced (negatively affects commission), they won't help you try to find ways to reduce closing costs (mortgage companies make money off fees), etc. It is an entirely RIGGED game in the favor of the SELLER and you, the buyer, are going to have to stand up and SCREAM if you see something wrong that needs to be fixed, such as when I discovered over $1500 worth of closing fees that shouldn't have been charged to me since I was buying a home with a VA loan. Dealing with real estate agents and mortgage companies is like dealing with used car salesman, only 10x worse.

Giovani Soprano

Jun 6, 2019, 6:01 pm Reply

?

Just Selling Homes – Ottawa houses for sale

Jul 7, 2019, 8:04 pm Reply

Good info

RealLife Money – Weekly Financial Videos

Jul 7, 2019, 11:18 am Reply

Buying a home is quite the process! Its good to understand some of the common mistakes especially going thru this process right now!

c0ntag10n

Jul 7, 2019, 12:59 am Reply

Very insightful, thank you!

Adam Tibbetts

Jul 7, 2019, 6:46 am Reply

I am a salesman and you sound like a salesman. Lol…

R C

Jul 7, 2019, 3:34 am Reply

Nice watching your video from Ireland.
Thanks for the info and nice vid.
When it comes to the private rental market in Ireland, the average rent is 1500 EUR for a 1 bedroom crappy apartment in Dublin, full of stupid rules: NO KIDS, NO PETS, etc.
The housing market here is reaaaally on shortage.
I've been paying 1200 EUR on 1 bedroom apartment (30m2 – YES! THIRTY squared meters) for 5 years and I'm really tired of living in an old and pricey dump.

Deyan Gergov

Jul 7, 2019, 7:30 am Reply

Interesting enough we are closing on our First Home soon. Didn't make either one of the mistakes listed, which makes me smile. Great video. Thank you.

Doamino41

Jul 7, 2019, 8:29 am Reply

Years ago when I was married my wife and I bought our first house that was built just for us in a brand new neighborhood. It was the 2nd house on that street complete with a privacy fence and it was a nightmare from day one.

They gave us low grade carpet but charged us for high carpet thinking we wouldn't see the difference.
The ducts in the AC were too narrow so it was always breaking down. Warranty pays for parts but not labor.
They built houses in back of us on a hill so we had no privacy and drainage ended up in our back yard.
Property tax was outrages.

Will probably never buy a house again.

Calvin McHoward

Jul 7, 2019, 11:36 pm Reply

Great video. I’m looking to purchase my first home and I’m super nervous. But this video has helped me regain focus. Thanks!!

Betta Heaven

Jul 7, 2019, 8:51 pm Reply

My standards are way lower than what your describing lol
I want a small house out in the woods at least 20 min from my small town

Luis Ortiz

Jul 7, 2019, 3:34 am Reply

So you have a few points that make sense, but at the same time you're wrong on a lot of things.
Renting is throwing your money away, you have debt? Get a second job, work over time, but stop paying rent, after 8 years of renting i have $0 back from the apt complex, if i had a house at least I'll get a couple hundreds back.

Pink Frizzy

Jul 7, 2019, 11:17 pm Reply

Do you need 3 credit cards to buy a house?

stevenswall

Jul 7, 2019, 5:28 am Reply

The high strung salesman tone seems to make things more stressful rather than less stressful.

stevenswall

Jul 7, 2019, 5:32 am Reply

This seems backwards, someone thinking they can afford more and a lender setting the bar significantly lower… In most cases a lender will give you a loan that takes about half of your income if you're doing everything else right. (Net income minus a maxed out HSA, Roth IRA, and whatever your employer matches, plus health insurance costs.)

Jonathan Root

Jul 7, 2019, 2:55 pm Reply

Consider myself lucky. Got the first home we fell in love with. Best purchase of my life.

Dev_0g56

Aug 8, 2019, 12:42 am Reply

wow you have a very annoying demeanor

HumansAreWe

Aug 8, 2019, 6:20 pm Reply

Thank you for this video. I really appreciate this Matt. You did an awesome job brother.

Maria Guerrero

Aug 8, 2019, 3:36 am Reply

Well he just made me feel I don't wanna buy one…

Stephanie Crowder

Aug 8, 2019, 11:55 pm Reply

Follow @give_yourself_some_credit on Instagram for Credit Repair services and tips!

Sicko Gamer

Aug 8, 2019, 12:27 am Reply

I was skeptical, but this was all good advice. Especially #5.

Kesavan Yohan

Aug 8, 2019, 1:45 am Reply

Very helpful

tukov griev

Aug 8, 2019, 2:09 am Reply

luxuryhacks at hotmail com is the only solution to increase your credit scores and pay off mortgage loan.

nicholas collins

Aug 8, 2019, 5:30 pm Reply

this seemed like it helped alot man. I'm a single dad my 3 yr old and i are going to live in our apartment 1 more yr and then move out. I know i want more room, but deciding whether or not to buy or stay renting. I llike the area that we are living in. I noticed that this past year i saved alot of money even with paying rent. Either way if i decide to buy it will be a house that i know I'll be able to afford and ill do my best to get my monthly payment as low as possble.

Natashia Love

Aug 8, 2019, 2:30 am Reply

I was in ssrious financial issue with my creedit card, I weas able to work with luxuryhacks at hotmail dot com and they are able to do the job job with ease

DDAlan 21

Aug 8, 2019, 8:20 pm Reply

Can you put what country you're advising this for! I've just wasted my time!

Bari Martin

Aug 8, 2019, 9:28 pm Reply

all this sums up to step up your money

Ally Love

Aug 8, 2019, 7:15 pm Reply

You’re yelling so hard my kids woke up.

Mark Fisher

Aug 8, 2019, 2:41 am Reply

Great video it was very helpful! I made a video explaining how you can finance your closing costs into your mortgage. Here is the link if you want to check it out https://youtu.be/RhP-3sjw3A0

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