If your under contract already then you're good unless the contract falls through on contingency. If you're buying or selling right now you probably won't notice anything. A major devaluation isn't going to happen overnight, it's going to be a months long process.
i'm just worried i buy the house and then a month later everything plummets, telling me i made a huge mistake so soon. but I have a mortgage approval period i need to beat because it's my 3rd one in a row
Assuming you're planning to live in it long term, just don't buy a house with a mortgage that will strain your finances and you'll be fine. It would feel bad if you bought and the price immediately fell but you have to remember that even if you "overpaid" you still have a place to live and you're still building equity.
Where are you getting a house for $218,000?! In NEPA, in the heart of the coal regions, $218K is a double house with about 1000 to 1200 sq ft on each side and is snatched up by Hispanics on Welfare!
If your under contract already then you're good unless the contract falls through on contingency. If you're buying or selling right now you probably won't notice anything. A major devaluation isn't going to happen overnight, it's going to be a months long process.
i'm just worried i buy the house and then a month later everything plummets, telling me i made a huge mistake so soon. but I have a mortgage approval period i need to beat because it's my 3rd one in a row
Assuming you're planning to live in it long term, just don't buy a house with a mortgage that will strain your finances and you'll be fine. It would feel bad if you bought and the price immediately fell but you have to remember that even if you "overpaid" you still have a place to live and you're still building equity.
thanks
Where are you getting a house for $218,000?! In NEPA, in the heart of the coal regions, $218K is a double house with about 1000 to 1200 sq ft on each side and is snatched up by Hispanics on Welfare!
metro area georgia