[quote=hmc]I never suggested to make decisions primarly based on internet research. What I said is that one doesn’t need 6-12 months just to learn the market with today’s information on internet.
On the other hand, many people spend take many years and still don’t get it…[/quote]
I knew what you meant, hmc. And I agree with Scarlett that you can’t see a lot of things in those internet photos. As a buyer, you SHOULD be intimately familiar with the area you want to purchase in (or, if relocating, have a broker/agent whom you trust implicitly that is).
Because so many potential Pigg buyers had expressed concerns about buying a property only to have it fall in value shortly after closing, I suggested the “plat map exercise” before they placed an offer.
What I have taken from potential Pigg buyers’ posts is that those who seem to be waiting a long time to purchase are those who want to purchase properties for which they don’t have enough saved for a 20% downpayment OR they DO have the downpayment funds on hand but want to purchase at a price significantly under the current market or will continue renting. In addition, these potential buyers do not wish to place offers on properties for which their downpayment funds on hand WOULD equal 20%. They are renters who are happy with their rental and terms and so wish to stay put and continue saving money for a downpayment. If something should change with their rental terms in the future to make them less happy with it, then that in itself may motivate them to buy. There’s nothing wrong with any of this.
Any fence-sitting Piggs, correct me if I have this wrong ;=]
