To Buy or Not To Buy: Let’s Settle This!

[Darnell Davy]

If you are like me (motivated, inspired, and looking to get your first deal done), I’m sure you have been overloaded with information and questions. Will there be a housing market crash? Will house prices drop in the next 6-12 months? What about the unemployment bubble? Should I just jump in now? What if I get in now and then I get burned because of timing?

My gut is telling me to just take the calculated risk and get in! Sink or swim. I’m a newbie but I’ve done my research and analyzed a market that seems like it will work for me. I’ve done my prequal and have what seems to be a solid agent that work with investors.

Do you think I should continue on or wait to see how the market continues to react to the pandemic?

[Theresa Harris]

No one knows what is going to happen and it will depend on the local market and type of home you buy.  Assuming you are buying as a long term rental and are going to hold it long term, buy a house where the numbers make sense.  Don't worry about the sales price down the road as you have no control over that (well asides from the obvious of keeping the house in good condition).  Where I am, houses are selling faster than they were last year at this time now that thing are slowly opening up.