As an owner through a Cat 5 hurricane, a comment about insurance: Do not choose a company because of someone’s else’s good experience, or the company’s reputation. Companies staff up after a storm with a flood of new employees, so who you deal with is an absolute crapshoot. Prioritize getting the coverages you want, and (second!) the lowest cost. Get RCV and *not* ACV coverage. No one ever said, “Gee, I wish I’d had less insurance.” (Also, if the worst does happen, hire a good public adjuster to fight your battles for you with the insurance company, and to make sure you get everything you’re entitled to under your insurance contract.)
@Itsmehi456
Жыл бұрын
All good points and so so true. Don’t forget about your time because time is money. The time it takes to mow the lawn, trim hedges, pressure wash, shovel. While you can outsource that … it adds up and so many handy type companies are flakey and unreliable these days. Things that break the list are expense to repair or replace … appliances, garage doors and openers, plumbing leaks. Before you buy … go to the property repeatedly. Even without the agent. Listen for barking dogs left outside for an eternity, street noise, neighbors running power equipment or loud music. So many things to consider. Insurance is the worst … esp in hurricane states. The rates keep going up and up and up and fewer and fewer insurers.
@elizabethconley4996
Жыл бұрын
Thank God for this! We were JUST talking about this together and neither of us know anything about it! We know folks who were able to, but lordy
@DenzerRodis
4 ай бұрын
It doesn't matter where it was manufactured. This depends on the craftsman and quality inspection. My family has purchased *hotdups*
@Katherine_xs
Жыл бұрын
You are good at staying on trends, its crazy bcz ive seen so many videos about people regretting buying a house/condo and selling it to go travel
@DenzerRodis
4 ай бұрын
Now the streets are full of fake bags, and no one believes me when I go out with real ones. So now I'm gradually falling in love with fake bags. It doesn't matter if it's real or fake, it's just decoration *hotdups*
@BrigetteWaltershield
3 күн бұрын
The BIGGEST LIE You've Been Told About Money is that it doesn't grow on TREES!! 😆
@CamdenVanderlaan
3 күн бұрын
I agree with you!! Money actually grow on trees but only on trees that was planted by you!! These tress are referred to as investments. How you diversify your investment portfolio matters
@Luanne-m7q
3 күн бұрын
Diversification is the key. My portfolio is well diversified with the help of a financial adviser. This helps me make more than +400% monthly on my investments._
@MarvelMouldin
3 күн бұрын
I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation??
@MarcelinePancoast
3 күн бұрын
I've experimented with a few over the past years, but I've stuck with ‘’Julianne Iwersen Niemann” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
@MarvelMouldin
3 күн бұрын
Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info
@IlenElla
Жыл бұрын
🙌 planning to buy a home in a few years. Educating myself as much as I can on this matter. Thank you 😊
@DenzerRodis
4 ай бұрын
In today's crazy world, I would rather spend money on fake bags and have extra money to buy real estate *hotdups*
@toxadodo
Жыл бұрын
Another great video from you. Please do one on renting vs buying a house. Thank you.
@Onelsyd
Жыл бұрын
Thank you for this Vivian!! 💛 My husband and I want to learn as much as we can before we plan to buy a home. Keep the tips coming 😁
@johannamiller527
Жыл бұрын
Property taxes: You *must* do your own homework on this. You *can't* trust the numbers on the real estate listing sites, and you can't even trust your mortgage lender when they set up the monthly escrow payment for your loan. All they'll do is look up what the old owner was paying - but what *you* will pay might be much higher, if you're in an area where long-term owners get grandfathered in at lower rates, or where the property gets reassessed for tax purposes every time it changes hands. The worst part of it is, you won't even find out that anything is wrong until you've lived in the home for a year and there suddenly isn't enough in the escrow account to cover your tax bill. Then suddenly your payment on your fixed-rate mortgage jumps up by hundreds of dollars a month, because you need to pay the higher tax rate that you should have been paying all along *plus* pay back the escrow deficit that built up over the year. And you'll have no recourse against anyone when this happens. As far as I can tell, there are no regulations (or even any professional standards) requiring real-estate agents or loan officers to give you good information on what your property taxes are likely to be. They can just give you any old numbers, and there are no consequences to them - only to you.
@lauravalle3766
Жыл бұрын
So true! My monthly payment increased by $700 at the end of the year when my escrow was short!
@johannamiller527
Жыл бұрын
@@lauravalle3766 I'm so sorry that happened to you (and now my $340 increase doesn't seem so bad...) It seems like so many people get caught off guard by this, and hardly anyone talks about what to expect or how to protect yourself.
@AndreaMartinez-qu1be
Жыл бұрын
I was literally house shopping today. I think I'll wait a little bit. Thanks Vivian!
@meganelizabethmoon
10 ай бұрын
Another expense to consider is that if there is a noticeable increase in average square footage for homes to buy vs. homes to rent in the same area, that means there will likely be an increase in utility costs, especially electricity.
@DenzerRodis
4 ай бұрын
Beautiful collection likes your channel *hotdups*
@miabolte6575
Жыл бұрын
Hi! Will you consider doing a video on how to invest the Roth IRA funds? Seems like people forget to tell you that it's a two step process!
@NormanOkada
Жыл бұрын
Great information. I always recommend people use a PITI calculator. Most people don't realize the first years they aren't really touching their principal.Thank you for all you do to educate the masses.
@Investingcoachw
Жыл бұрын
Such good things to think about. We’re Thinking about home owning ourselves but honestly I truly enjoy the freedom renting affords us. Freedom of not dealing with repairs and the ability to move at the end of the lease to wherever we want. Definitely pros and cons to both.
@isagoldfield7393
Жыл бұрын
Hi Vivian! l ♥️ your channel. Thank you for educating all of us & sharing your knowledge & experiences. That dress looks great on you💥😻✨
@charliealba83
Жыл бұрын
You left out PMI for first time home buyers, thanks for the video, just wanted to add, not judge
@jenniferpearce1052
Жыл бұрын
PMI is not necessary if you have sufficient down payment. Imho, if you haven't saved the down payment yet, wait.
@shesme4976
Жыл бұрын
It's still a valid point of discussion and would be a nice FYI for those unaware.
@AltaicPride01
6 ай бұрын
Not with a 20% down. Why would you even try to buy a house if you don’t have the down payment of at least 20% or more?
@charliealba83
6 ай бұрын
Not that it's any of your business, but it was my dying wife's request to become a homeowner before she passes
@JungKimrecruiter
Жыл бұрын
Gr8 point about the carrying costs associated with HOA fees.
@lyny389
Жыл бұрын
Thanks for the heads up on these fees bestie.
@jjvillian
Жыл бұрын
Property tax isnt hidden... Everyone should know you will ALWAYS have to pay property tax..
@auxiliasequeira8648
Жыл бұрын
Hidden in plain sight 😂
@Katherine_xs
Жыл бұрын
Of course u need to pay property tax but the difference between the municipality where you bought can be such a huge difference
@wolfiemom7648
Жыл бұрын
Something else to look into are short sale property. Just due your research! Pending some lenders require mortgage insurance in addition to homeowners insurance . Don't forget that for each lender you apply for they will want an inspection and some will not accept inspection reports from other lenders inspection companies those can be anywhere from a few hundred dollars or more.
@acivilright
Жыл бұрын
I also regret buying. Coming up on a year and looking forward to selling.
@EM3Finance
Жыл бұрын
Pains me when people save to buy a house and just get railed by tens of thousands of other fees
@jeankelly368
Жыл бұрын
I just found your channel. Great advice. I'm wanting to buy a home again but with the overpriced home costs. it may be some time before i take the plunge.
@jopontino
Жыл бұрын
So helpful! Thank you! Do you have any tips on how to negotiate?
@doreenalexander1670
Жыл бұрын
Thank you for your authenticity! 👏🏼👏🏼👏🏼👏🏼👏🏼
@jayjya0613
Жыл бұрын
3 of these don't apply if you use a VA loan. So, Veterans, take advantage of your earned VA loan.
@juliannajones6016
Жыл бұрын
I have NEVER heard anyone say they liked the HOA. I have heard horror story after horror story about HOA’s, from replacing windows or fines for large trees. Is it worth it?
@bethanynapier9407
Жыл бұрын
I feel like #4 is a luxury rarely found in the current market... most of the stories I've heard recently, being willing to bypass inspection is one of the requisite hoops one must jump through if you want to be the winning offer on a house. It's fucking disgraceful. I'm very worried I'll be bullied into buying without an inspection.
@ilenastarbreeze4978
Жыл бұрын
we lost a house to someone who wanted to do no inspection on a home from 1920, but we got a different one we are doing the inspection on in 5 days, its just no, no way would i look at a house without an inspection
@Hi_Im_Akward
Жыл бұрын
Yeah don't ever go without an inspection. It's a big red flag and it costs some money up front but can save you big time if something is really wrong with the house.
@bethanynapier9407
Жыл бұрын
@@ilenastarbreeze4978 I agree. We're hoping to buy in the next year or so, top 2 hopes are to avoid HOA and be able to get an inspection 🤞🤞
@bethanynapier9407
Жыл бұрын
@@Hi_Im_Akward not suggesting anyone prefers no inspection. It's become a bargaining chip in the bidding war to be willing to bypass it. Clinging to the principle that it's insane to make such a large purchase without checking the bones first - because it is - is sadly becoming a luxury some can't obtain. Has nothing to do with not wanting to pay the inspection costs.
@Ray03595
Жыл бұрын
Insane people do that. I'm looking to buy and cannot imagine not doing an inspection. I see several homes that jump back onto the market exactly because people do the inspections and realize the house is a money pit. Foundation issues especially would be horrible to find out about after purchasing. Such a massive investment, I think its crazy ppl skip it just to get the location they want and risk spending thousands and thousands on tons and tons of things they didn't budget for
@JP-eo8xb
Жыл бұрын
I feel like it should be mentioned most people, probably don’t have enough money for a 20% down payment on these grossly-overpriced homes nowadays, and so, you have mortgage insurance on top of all those other expenses listed. Honestly, myself and my friends who are also homeowners have all independently come to the conclusion that owning a home is the new great American scam. If it’s cheaper to rent in your area (sometimes vastly cheaper) vs your theoretical mortgage payment then don’t force owning a home for the sake of owning a home. Bank your cash and stay liquid!
@moshu10
Жыл бұрын
Earnest money is also something that i don't mentioned often in general.
@hajiimpressions8113
Жыл бұрын
Actually, after about 5 mins I got distracted by the music, and I zoned out during the last minute, but geat tips.
@JackieHearts
4 ай бұрын
If you have a house loan already and wanted to do an adu, what are some financial options you can do?
@TheDrugmachine
9 күн бұрын
Please comment on investing for europeans and even for europeans to invest in USA
@MoeTeeVee2
Жыл бұрын
Love this 🙏🏾
@mariegaudfr.5988
Жыл бұрын
For me renting an apartment is not really good if you have kids. We’ve been there and every time we got out or in we smelled cigarettes , we cannot even spend on our deck it’s because other renters doesn’t care at all. It made me headache. I don’t know other poker if they can stand the smell plus if you have kids those are harmful to their health
@vicepresidentmikepence889
7 ай бұрын
Here's an idea. Move to someplace where you DON'T HAVE NEIGHBORS WHO SMOKE!!!!!
@smoothbrownf
Жыл бұрын
We messed up by not paying for a comprehensive inspection.
@frankd27
Жыл бұрын
Sofi is awesome!
@veronicagraves5621
Жыл бұрын
Thank you.
@jadedavis822
Жыл бұрын
What about buying land??
@patrickryan321
Жыл бұрын
How about Hawkin’s House of Burgers?
@LehlohonoloMohale-bh2hd
Жыл бұрын
Hi i am from South Africa did bcom hons information systems at University of Cape Town and I have 5 years experience working in South African banks .Is it possible for me to get a job at Wall Street somehow??
@oldcat87
Жыл бұрын
Welcome to Miami
@crystalfullerton3908
Жыл бұрын
Everything you see focuses on the mortgage.
@youknowjuno145541
Жыл бұрын
Do you really regret buying your home?
@Deviramcharrran
Жыл бұрын
Personally, I think people should venture into trading since the economic meltdown, having one stream of income is not really a good idea.
@Deviramcharrran
Жыл бұрын
She frequently interacts on the platform known as teIegam using the aforementioned username.
@Deviramcharrran
Жыл бұрын
LilianKChan
@manifestandohoy9214
9 ай бұрын
🙏🏼🙏🏼🙏🏼🙏🏼
@SamuelSalvation-zw9rk
Жыл бұрын
I can testify Mrs Maria is a great being. Thank you for making my life a joyful one after several debt. I got my first profit of $45,000, After losing a lot from trading, I was able to clear my debt and start up a good business.. GOD Bless you Mam
@JeremyDuncan-uv1en
Жыл бұрын
This must be an investment with Mrs Maria Kurt
@JeremyDuncan-uv1en
Жыл бұрын
She helped me get back what I lost while trying to trade.
@WisdomSax-h6e
Жыл бұрын
Wow, I'm surprised someone mentioned that Mrs Maria thought I was the only one trading with her.
@RakeshChopra-tb4ig
Жыл бұрын
After watching so many KZitem videos about trading was still making looses untill Mrs Maria started managing my investment now I make $8200 weekly. God bless Mrs Maria. She have been a blessing to me and my family.
@CharlesHanson-ws8ui
Жыл бұрын
Maria Kurt is the right person to start trading cryptocurrency and stocks with.. She knows every way around the crypto world she has been helping me increase my investment every day for over months now..
@truthnotpewp
2 ай бұрын
Common sense tip: don't buy a house in an HOA!
@breyaabsalat
7 ай бұрын
KKUWAN Every time I see this bag I can't help but stop here.
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