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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

deucher
deucherActive Contributor
Asked: April 20, 20242024-04-20T20:04:56+00:00 2024-04-20T20:04:56+00:00In: Money & Business

Are newcomers overpaying for real estate?

In my opinion, this is an obvious event in any type of activity, because beginners do not know anything about that field, because I think most of them overpay very much when buying their first real estate. However, it seems to me that those who are already buying a second property have learned a lot and maybe only 5 percent overpay again with the next purchase

newcomersoverpayingreal estate
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3 Answers

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  1. Mika
    Mika Expert Mind
    2024-05-04T03:33:06+00:00Added an answer on May 4, 2024 at 3:33 am

    I do not think new comers are over paying for real estate. These days people visit a lot of real estate agency, consult a lot of real estate agents, and also professionals before buying real estate property. These days it is less common for people to buy real estate property just from one agent withRead more

    I do not think new comers are over paying for real estate. These days people visit a lot of real estate agency, consult a lot of real estate agents, and also professionals before buying real estate property. These days it is less common for people to buy real estate property just from one agent without consulting any other companies. They do a price comparision before buying.

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  2. Slaky12
    Slaky12 Knowledge Seeker Cryptocurrency Engineering
    2024-05-02T06:38:08+00:00Added an answer on May 2, 2024 at 6:38 am

    Revenue is the total amount amount of money generated for company, receives from selling its products or services. It's the top line of the income statement and includes all sales, whether cash or credit, and regardless of whether the product or service has been delivered. While Profits are the remaRead more

    Revenue is the total amount amount of money generated for company, receives from selling its products or services. It’s the top line of the income statement and includes all sales, whether cash or credit, and regardless of whether the product or service has been delivered. While Profits are the remains after subtracting all expenses from revenue. Expenses can include the cost of goods sold, operating expenses, taxes, interest, and any other costs incurred in running the business.

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  3. spencer
    spencer Enlightened Mentor
    2024-05-02T05:13:56+00:00Added an answer on May 2, 2024 at 5:13 am

    I think it's relative and also depends on the state of the economy, if the economy is flourishing, good interest rates, no inflation, then the price of real estate will definitely be low, but when their is recession and people are looking to cash out on their assets, it will definitely be expensive.Read more

    I think it’s relative and also depends on the state of the economy, if the economy is flourishing, good interest rates, no inflation, then the price of real estate will definitely be low, but when their is recession and people are looking to cash out on their assets, it will definitely be expensive.

    Prices depends on when you’re buying and the economic situation at that point.

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