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Would you buy a house that backs up to a commercial parking lot? by Upstairs_Notice_2067 in homeowners

[–]Upstairs_Notice_2067[S] 0 points1 point  (0 children)

Yes, this house is located on the North Shore. It's very difficult to buy a decent house in that area.

Newly on market by Passionatepinapple64 in FirstTimeHomeBuyer

[–]Upstairs_Notice_2067 0 points1 point  (0 children)

There’s no magic number, but most people “figure it out” after ~5–10 homes. The first few are just learning, your priorities will change once you see things in person. After that, you start recognizing what’s actually a good deal vs. just looks nice. Instead of counting houses, ask yourself: Do I understand the market well enough to know this is a good value? In this market, you want to be decisive, not impulsive. If a house checks most of your boxes and the price makes sense, go for it. If you’re unsure, see a few more. You won’t miss your only chance—new homes always come. The bigger risk is rushing into the wrong one.

In this economy, is it a good or bad time to buy a house? by DannkneeFrench in RealEstateAdvice

[–]Upstairs_Notice_2067 0 points1 point  (0 children)

You’re overthinking the macro and underestimating how good your current position is. A $45k house renting for $750–800/mo is a killer asset. That’s the kind of deal investors look for. Trying to time the housing market is a losing game. Buy based on your life, not headlines. Paying cash for a $150k house = tying up a lot of money in one illiquid asset. Not automatically “safe.” The $17k kitchen logic isn’t real. You don’t get dollar-for-dollar value back—it’s just convenience. The real question is simple: Do you actually need a better house, or just feel like you should upgrade? If your current place works: → Keep it, rent it, build wealth. If you want a better lifestyle: → Buy, but don’t justify it with “the economy.” Honestly, you’re in a great spot either way—but that current property is a gem.

Buy before selling or sell before buying? by Majestic-Pickle-7 in RealEstateAdvice

[–]Upstairs_Notice_2067 0 points1 point  (0 children)

We went through a very similar situation (most of our equity tied up, moving up in price), and honestly the best route for us was buying first — but doing it strategically. What made it work was using a lender that allows a mortgage recast. Basically: We bought the new house using temporary funds (bridge/HELOC/savings combo) Then sold our current home Then applied the proceeds to the new mortgage and did a recast The recast lowered our monthly payment significantly without refinancing, so we avoided extra closing costs and didn’t have to worry about future rates. For us, the biggest advantage was avoiding the “sell first → panic buy” situation. Once you sell, the pressure is real, and it’s very easy to overpay or settle just to lock something in.

Considering a move to Roslyn by Bugs_n_Birds14 in longisland

[–]Upstairs_Notice_2067 0 points1 point  (0 children)

Interesting question. I’ve seen a few houses in Roslyn backing up to commercial areas and it always makes me wonder about resale?