Are you considering buying in a recession
Description
Vocal Characteristics
Language
EnglishVoice Age
Young Adult (18-35)Accents
North American (General) North American (US West Coast - California, Portland)Transcript
Note: Transcripts are generated using speech recognition software and may contain errors.
Hey guys, are you thinking about buying a house in a recession, it can be a great opportunity but there are some things you need to consider first. You have to make sure your finances are in order, lenders may be more cautious during a recession, so you'll need a solid credit score and a steady income to qualify for a loan. You should also do your research on the housing market in a recession. Home prices may be lower, but that doesn't mean you'll automatically get a good deal. Look at historical trends to see how home prices have changed in the past and keep an eye on current market conditions when you're viewing potential homes, pay close attention to any repairs or upgrades that may be needed in a recession, sellers may be more willing to negotiate on price but they may not be as willing to make repairs or upgrades. Finally remem buying a house is a long term investment. If you're buying intercession, you may be able to get a lower price, but you'll also need to think about how the value of the home may change over time. And if you're smart about it, you may be able to get a great deal on your dream home. Thanks for watching. And if you want to learn more about central Oregon real estate and see some awesome houses hit the light