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  • March 3, 2009 at 10:02 PM #15217
    Sandiagon
    Participant

    http://finance.yahoo.com/family-home/article/106651/Wait-for-Bargains-on-These-5-Items
    ————————————
    3.Home Purchase: Deal or No Deal?

    Deal. If you are contemplating buying a home, now may be the perfect time to make a purchase — if you have the money and a secure job.

    Real estate sales have sagged in many parts of the country as buyers have been frozen in the headlights of the economic downturn. As a result, prices are falling in many markets.

    “If I could buy real estate right now, I would,” says Amy Bonis, a certified mortgage planner with Alera Financial in Raleigh, N.C. “It’s clearly a buyer’s market. If you can buy a house that is undervalued, it’s like, what shade of green do you want?”

    In addition, mortgage rates have fallen near historic lows, substantially reducing the cost of financing for buyers with good credit.

    Bonis says buyers who act now rather than wait are likely to see the best return.

    “Somebody has to start buying, and when they do, there are going to be more buyers on the market, which is going to cause home prices to go up,” she says. “When you stimulate home prices to go up, that affects the economy in a positive way, which raises interest rates. What people don’t realize is, by the time they hear that things are better, (their opportunity) is already gone.”
    ————————————————–

    March 3, 2009 at 11:11 PM #359782
    patb
    Participant

    Rates now are at all time lows, true.

    But if Rates increase, your selling price will
    drop.

    So who thinks we will have 8 percent 30 year
    mortgages in 2 years? Sure it makes your
    payment great, but, it screws you if you
    want to sell.

    There are deals now, but, better to wait until
    the crisis ends and bottom fish

    March 3, 2009 at 11:11 PM #360084
    patb
    Participant

    Rates now are at all time lows, true.

    But if Rates increase, your selling price will
    drop.

    So who thinks we will have 8 percent 30 year
    mortgages in 2 years? Sure it makes your
    payment great, but, it screws you if you
    want to sell.

    There are deals now, but, better to wait until
    the crisis ends and bottom fish

    March 3, 2009 at 11:11 PM #360227
    patb
    Participant

    Rates now are at all time lows, true.

    But if Rates increase, your selling price will
    drop.

    So who thinks we will have 8 percent 30 year
    mortgages in 2 years? Sure it makes your
    payment great, but, it screws you if you
    want to sell.

    There are deals now, but, better to wait until
    the crisis ends and bottom fish

    March 3, 2009 at 11:11 PM #360265
    patb
    Participant

    Rates now are at all time lows, true.

    But if Rates increase, your selling price will
    drop.

    So who thinks we will have 8 percent 30 year
    mortgages in 2 years? Sure it makes your
    payment great, but, it screws you if you
    want to sell.

    There are deals now, but, better to wait until
    the crisis ends and bottom fish

    March 3, 2009 at 11:11 PM #360371
    patb
    Participant

    Rates now are at all time lows, true.

    But if Rates increase, your selling price will
    drop.

    So who thinks we will have 8 percent 30 year
    mortgages in 2 years? Sure it makes your
    payment great, but, it screws you if you
    want to sell.

    There are deals now, but, better to wait until
    the crisis ends and bottom fish

    March 4, 2009 at 5:23 AM #359810
    Nor-LA-SD-guy
    Participant

    [quote=patb]Rates now are at all time lows, true.

    But if Rates increase, your selling price will
    drop.

    So who thinks we will have 8 percent 30 year
    mortgages in 2 years? Sure it makes your
    payment great, but, it screws you if you
    want to sell.

    There are deals now, but, better to wait until
    the crisis ends and bottom fish[/quote]

    Good Advice Patb,

    So do let us know when we get to the bottom will you,
    Thanks.

    March 4, 2009 at 5:23 AM #360112
    Nor-LA-SD-guy
    Participant

    [quote=patb]Rates now are at all time lows, true.

    But if Rates increase, your selling price will
    drop.

    So who thinks we will have 8 percent 30 year
    mortgages in 2 years? Sure it makes your
    payment great, but, it screws you if you
    want to sell.

    There are deals now, but, better to wait until
    the crisis ends and bottom fish[/quote]

    Good Advice Patb,

    So do let us know when we get to the bottom will you,
    Thanks.

    March 4, 2009 at 5:23 AM #360256
    Nor-LA-SD-guy
    Participant

    [quote=patb]Rates now are at all time lows, true.

    But if Rates increase, your selling price will
    drop.

    So who thinks we will have 8 percent 30 year
    mortgages in 2 years? Sure it makes your
    payment great, but, it screws you if you
    want to sell.

    There are deals now, but, better to wait until
    the crisis ends and bottom fish[/quote]

    Good Advice Patb,

    So do let us know when we get to the bottom will you,
    Thanks.

    March 4, 2009 at 5:23 AM #360295
    Nor-LA-SD-guy
    Participant

    [quote=patb]Rates now are at all time lows, true.

    But if Rates increase, your selling price will
    drop.

    So who thinks we will have 8 percent 30 year
    mortgages in 2 years? Sure it makes your
    payment great, but, it screws you if you
    want to sell.

    There are deals now, but, better to wait until
    the crisis ends and bottom fish[/quote]

    Good Advice Patb,

    So do let us know when we get to the bottom will you,
    Thanks.

    March 4, 2009 at 5:23 AM #360401
    Nor-LA-SD-guy
    Participant

    [quote=patb]Rates now are at all time lows, true.

    But if Rates increase, your selling price will
    drop.

    So who thinks we will have 8 percent 30 year
    mortgages in 2 years? Sure it makes your
    payment great, but, it screws you if you
    want to sell.

    There are deals now, but, better to wait until
    the crisis ends and bottom fish[/quote]

    Good Advice Patb,

    So do let us know when we get to the bottom will you,
    Thanks.

    March 4, 2009 at 6:14 PM #360583
    Fearful
    Participant

    [quote=Nor-LA-SD-guy]

    Good Advice Patb,

    So do let us know when we get to the bottom will you,
    Thanks.
    [/quote]
    If you cannot figure it out for yourself, no one can help you.

    March 4, 2009 at 6:14 PM #360874
    Fearful
    Participant

    [quote=Nor-LA-SD-guy]

    Good Advice Patb,

    So do let us know when we get to the bottom will you,
    Thanks.
    [/quote]
    If you cannot figure it out for yourself, no one can help you.

    March 4, 2009 at 6:14 PM #360764
    Fearful
    Participant

    [quote=Nor-LA-SD-guy]

    Good Advice Patb,

    So do let us know when we get to the bottom will you,
    Thanks.
    [/quote]
    If you cannot figure it out for yourself, no one can help you.

    March 4, 2009 at 6:14 PM #360726
    Fearful
    Participant

    [quote=Nor-LA-SD-guy]

    Good Advice Patb,

    So do let us know when we get to the bottom will you,
    Thanks.
    [/quote]
    If you cannot figure it out for yourself, no one can help you.

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