To answer your question, no I’m not sure if I want to buy now but if the right deal presents itself than I will be open to going through with it. I’m in a great rental situation at the moment in a nice area so I’m in no hurry to buy. Actually the criteria on my offers are that the home price along with HOA is comparable with what rents are. Of course this usually means shaving 60 to 100k off the asking price right off the bat. Most sellers are under water on their loans but a quick check of their tax records usually show when they bought and for how much. I usually use eloan or other services to get quotes on current mortgage rates then add HOA to get my figure. Right now I’m shooting for $1200-$1400 range so this means I can borrow about 200k for a two bed condo. Anything higher is out of my price range. Sellers receiving an offer from me is the wake up call.
