Yes? No? Wait, maybe? I don’t know. If you'd ask me, I'd say just go for it… We are living in fear, anxiety and constant change of mind. Should I or should I not, green or red? I’m going to go crazy. My dream house is all that matters to me.
What I would say is, just do it. Why? I understand the frustration of making huge decisions that can affect your future. That's completely normal. After all, wouldn't you just want to be in the same place 10 years down the road? Paying the same amount of rent since you started living in that apartment? I would say you can do better, and you deserve better. With the same amount of money that you've been paying your rent that entire 10 years, you would have been able to afford a house – a house that you can call your home.
When I bought our first house, I don’t know how the process of buying house works. I just Google a mortgage broker specific to my nationality and boom! I got a broker and through the mortgage broker, I later got my real estate agent. Have some phone conversation with them and I got a house earlier than three months, just like that. I didn’t even know what was going on. I told them that I trusted them, that I am a loyal person and that if I liked and trusted them. I thought it would be the beginning of a good relationship. Unfortunately, it didn't work out. I've learned my lesson the hard way. I took it upon myself to be in real estate so my client's won't have to go through the same experience I did.
For a low or mid income family buying a house can be considered a huge sacrifice. It's true and here's why - First, it’s because you will be buying base on what your mortgage can afford. You sacrifice your wants for your needs, which isn't all bad because, in the end, you'd still achieve your goals of owning a house. Second, it’s because it will affect your lifestyle tremendously. No more weekly movies. No more weekly dinners outside. No more getting the latest smartphone, and no more signature and designer brands. It sounds terrible, but that is how our life should be, we should take a step back in order to make our past decisions right. We can do it because we've done it before. We're just going back to the basics and fundamentals. Would you really call that a sacrifice?
I am a positive person. While others might say “there’s no other way, it’s impossible.” I would offer help and look for different ways to make it happen. One of our family friends is living in an apartment for about 20 years and I asked them, why they are not buying a house instead of renting for two decades. They told me that they cannot afford to buy a house. I couldn’t believe what I heard, but I tried to not to complicate things. After I got my real estate license, I conducted a seminar along with my friend who’s a mortgage broker and invited my other friend. After the seminar, he approached me and said “Bro, if somebody educated us and showed us the same concern that you gave us, we could be living in our dream house now. I told them that there is always a reward beyond sacrifices and that it’s never too late to correct your mistakes.
Going back to the question at hand – no one can predict the future. I am a realtor I can give you advice based on the past years of information available in the system. I can give you the comparative market analysis on your property. I can give you different scenarios, all based on my past experiences and others. The bottom line is – you won’t learn how to swim until you jump in the water. I guarantee you that I will do everything in my abilities to do my part, but it’s still up to you to decide whether you want to jump in the water or not. Now, let me help you conquer that fear.