My plan is:
Depending on how far the market comes down, we will buy a property (probably not in the end of cycle cause impatient wife) and put 40%-50% down. We will buy a foreclosure and not use a realtor. If the market drops even further in 4-5 years then we will gain a realtor and buy a larger home and rent out the first. I will not have raw land this time in another bubble (balloon whatever masses want to call it). Realtors are not bad and you need them on certain aspects for sure. I will use one on a second property due to better negotiation because I don’t think our second home will be a foreclosure. I WILL always use one to sell. When I sold my property, I would’ve NEVER sold it on my own. My realtor form Century 21 T/C found one buyer. ONLY ONE even called btw after 30% price drop selling for 50% less than 20 parcels away. Selling I believe they are needed the most (that’s my view of course). Pays to have one on the selling side because who else would sit in an open house all day reading a book for free or deal with low ball buyers 🙂 (not me)
If market does not drop far then we will just buy and pay the one place off within 5-8 years and not sell at a later bubble. I just can’t stand owing anyone $1.00
