Re:In January, there were more real-estate agents than homes...
by yardie on Monday March 22, 2021 @05:48PM
(#26547690)
We moved countries, France -> US. Rented for a year and used that time to search for something we liked. Avoided a lot of pigs with lipstick as home flippers in a hot market tend to slap on new paint and do shoddy, minimal repairs. I personally wouldn't buy until I'm absolutely ready to. And yes, we did miss a few opportunities since we weren't ready.
Unlike my experience buying in France, the US does not do bridge loans. You are a) lucky and close as a seller and buyer, b) take on 2 mortgages hoping the old house sells, c) are temporarily homeless, d) or temporarily renting.
Housing is super emotional and I hate having to make emotional decisions. You have to make a lifelong decision based on a 30 minute tour. And buying in a hot market just makes everything more stressful. I'm not surprised people are making lightning quick decisions because hesitating is not an option.
Unlike my experience buying in France, the US does not do bridge loans. You are a) lucky and close as a seller and buyer, b) take on 2 mortgages hoping the old house sells, c) are temporarily homeless, d) or temporarily renting.
Housing is super emotional and I hate having to make emotional decisions. You have to make a lifelong decision based on a 30 minute tour. And buying in a hot market just makes everything more stressful. I'm not surprised people are making lightning quick decisions because hesitating is not an option.