Be Very Careful about Purchasing a Home in certain States, Cities and Towns

Be Very Careful about Purchasing a Home in certain States, Cities and Towns

When it comes to purchasing a home we need to be very careful and do our home work when it comes to Fires & Floods.
Fires can be worse then Floods because most homes are completely destroyed vs a flood.

Sure everyone has home owners insurance but usually covers accessed value which can be approx. 75% of market value and or what a person could sell their home for.
Now I did here on the news with the Northern California fires that 9 electrical power lines had fallen from the winds which may have been a part of the source that created the fires.

So in this case home owners may be able to hire an attorney and sue PG&E of California which might bring in more of the full value after the attorney takes 35% of the settled case.

Please take note:
Nobody is making you purchase a home in dry areas of California where fires may destroy your home.
Nobody is making you purchase a home in a flood zone next to major rivers.
Nobody is making you purchase a home next to the ocean where storms can come in and completely destroy your home.
Nobody is making you purchase a home next to a major vault line that can either swallow up your home or shake it apart.
Nobody is making you purchase a home in Tornado Alley in Oklahoma or other areas that have been known to have tornado's ... The List goes on!

So think before you buy a home in areas of natural disaster, and I won't even mention all the lost lives from all the fires and floods of 2017 in the United States.
Do you really want to purchase a home where you might lose your home or possibly your life?

Real Estate Market For 2017 and 2018 by Robert Vegas Bob Swetz

Real Estate Market For 2017 and 2018 by Robert Vegas Bob Swetz

Robert Vegas Bob Swetz would like to share some advice for anyone interested in purchasing a home in the United States in 2017 or 2018.
Home buyers should try and be careful when purchasing a home within the next two years. Vegas Bob personally thinks the Real Estate Market is unstable, and for middle class people interested in purchasing a home try and stick with what's affordable. Don't bite off more than you can chew and purchase some huge overpriced home that you don't really need.

  
 Now for anyone reading this post that has millions of dollars and or has a life where money is not a problem, by all means purchase what ever priced home you wish.
Vegas Bob does not want this post to be a doom and gloom about the Real Estate Market in 2017 and 2018, but Vegas Bob believes some Major Event will take place within the next two years that will drive the values down by the 3rd year after which would be 2019.
How long and how far will the values go down? I am really unsure!

BE CAREFUL ...

Be Careful When purchasing a Home in Certain Cities across the Untited States

Be Careful When Purchasing a Home in Certain Cities across the United States ...

For anyone interested in purchasing a home around the Bay Area in northern California, parts of Los Angeles, Manhattan, Miami, Seattle, Portland, San Diego, just to name a few because you are paying too much money.

The housing market in many major cities across the United States is way over inflated now, and has been for the last couple years. 
Take a close look at prices right now and take notes of the type of home you interested in purchasing for example: City, # of Bedrooms, # of Bathrooms and so forth and of course the price.
If the home your interested in is going for $500,000 and coming this spring March, April, May is listing for $530,000 then your getting ripped off.
Realtors always explain to home owners selling their homes to boot up the price in spring because this is when most buyers search the market, tax season.

 

So a just a heads-up from Robert Vegas Bob Swetz if your interested in purchasing a home in the next 1-2 years. Unless you are getting a smoking deal on the price many are over inflated in cities across the nation, so I would wait.

Something BIG is going down in the next couple years and prices will more than likely drop tremendously. 

Vegas Bob will be waiting and watching very closely at the Housing Market and don't say I didn't tell you so ...