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If I had waited..

To the “you should’ve waited crowd”..

I had so many nay sayers including my partner (lol) who doubted my idea of buying a house back in September(closed in November). My house that I paid $220k for here in the Charleston SC area is now around $260k (no joke!). My interest rate (I have a credit score of around 680) was just below 4% would now be a tad over 6% according to my lender. So therefore I would’ve been stuck in our rental which was being increased by $210 a month. Now we live in a larger home (1450 vs. 500sq ft), a garage, a yard and so many updates… with a roommate who pays $800 a month…..

If I had waited for cheaper prices and less competition I would’ve been stuck renting; because my payment would be well over $1700 a month after all escrow and taxes factored in and that’s without the price increase… yes I would’ve truly lost out.

submitted by /u/forthepeace86
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/tpgu16/if_i_had_waited/
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