6035 roselle meadows trail in CV, should i buy or wait?

[Jessica]

The comments posted here are very interesting and helpful. I have an urgent question and hope someone can help me out. I am still confused about if it is a right time to buy. This is a bank repo CV house. The original owner bought it at $862K in 2005. I made an offer at about $700K. I like the floor plan and upgrades. Even thought the price is dropped but still expensive to me, considering i have to pay high HOA/mello-rose fee. Tomorrow is my last day to make the final decision. NEED YOUR INPUTS!!!

[p-dude]

p-dude

What’s your income ?
What’s your down payment ?
How long are you planning to stay in this house ?
How many months of saving you have ?

[Jessica]

>200K if i don’t loss my job
>enough down to get a comfirming rate at 5.625%
10 yrs
48 months

[jeeman]

I think brand new ones start at $650k…that subdivision has had some downward pricing pressure. It used to start in the mid $700s.

You’re paying just current market price.

I’d wait.

[Jessica]

thanks for the inputs. The same plan sells for ~710K with additional builders’ incentives. Anyone knows details on the incentives?

[fsbo]

The builder gave away 2.5% of your purchased price for upgrading (you can have your own contractor or even DIY) and another 2.5% for incentive if you go with their preferred bank.

You can also get 1.5-2% commission split if you go with a buyer agent (negotiate with your agent and get 1/2 ~ 2/3 or even 4/5 of his/her 3% commission back).

~710K is the listed price, it’s negotiable – but if you go with their listed price, you can get enough upgrades/options in return.

[svelte]

Personally, lily, unless you’re in love with that particular unit and location, I’d probably wait.

Does that unit have upgrades already?
Does it need repair (as a repo)?

Maybe it’s just mind games I’m playing with myself, but I would expect the repo to go below what you can buy new, unless it has really nice upgrades or at least something special. Also, it’s the second house in from a 4 lane road.

It’s not a terrible deal, but it’s probably not stellar either. Have fun, whatever decision you make!

[Jessica]

It has upgrades similar to the model home without wall paper treatments or crown molding. It needs some repairs but should not cost more than $2000. The location is not ideal. I can hear street/freeway noise when opening windows. I agree with you that it’s neither stellar nor a terrible deal.

All the suggestions/info are very helpful. Many thanks to you all.

[Jessica]

It has upgrades similar to the model home without wall paper treatments or crown molding. It needs some repairs but should not cost more than $2000. The location is not ideal. I can hear street/freeway noise when opening windows. I agree with you that it’s neither stellar nor a terrible deal.

All the suggestions/info are very helpful. Many thanks to you all.

[Jessica]

It has upgrades similar to the model home without wall paper treatments or crown molding. It needs some repairs but should not cost more than $2000. The location is not ideal. I can hear street/freeway noise when opening windows. I agree with you that it’s neither stellar nor a terrible deal.

All the suggestions/info are very helpful. Many thanks to you all.

[Jessica]

It has upgrades similar to the model home without wall paper treatments or crown molding. It needs some repairs but should not cost more than $2000. The location is not ideal. I can hear street/freeway noise when opening windows. I agree with you that it’s neither stellar nor a terrible deal.

All the suggestions/info are very helpful. Many thanks to you all.

[Jessica]

It has upgrades similar to the model home without wall paper treatments or crown molding. It needs some repairs but should not cost more than $2000. The location is not ideal. I can hear street/freeway noise when opening windows. I agree with you that it’s neither stellar nor a terrible deal.

All the suggestions/info are very helpful. Many thanks to you all.

[svelte]

Personally, lily, unless you’re in love with that particular unit and location, I’d probably wait.

Does that unit have upgrades already?
Does it need repair (as a repo)?

Maybe it’s just mind games I’m playing with myself, but I would expect the repo to go below what you can buy new, unless it has really nice upgrades or at least something special. Also, it’s the second house in from a 4 lane road.

It’s not a terrible deal, but it’s probably not stellar either. Have fun, whatever decision you make!

[svelte]

Personally, lily, unless you’re in love with that particular unit and location, I’d probably wait.

Does that unit have upgrades already?
Does it need repair (as a repo)?

Maybe it’s just mind games I’m playing with myself, but I would expect the repo to go below what you can buy new, unless it has really nice upgrades or at least something special. Also, it’s the second house in from a 4 lane road.

It’s not a terrible deal, but it’s probably not stellar either. Have fun, whatever decision you make!

[svelte]

Personally, lily, unless you’re in love with that particular unit and location, I’d probably wait.

Does that unit have upgrades already?
Does it need repair (as a repo)?

Maybe it’s just mind games I’m playing with myself, but I would expect the repo to go below what you can buy new, unless it has really nice upgrades or at least something special. Also, it’s the second house in from a 4 lane road.

It’s not a terrible deal, but it’s probably not stellar either. Have fun, whatever decision you make!

[svelte]

Personally, lily, unless you’re in love with that particular unit and location, I’d probably wait.

Does that unit have upgrades already?
Does it need repair (as a repo)?

Maybe it’s just mind games I’m playing with myself, but I would expect the repo to go below what you can buy new, unless it has really nice upgrades or at least something special. Also, it’s the second house in from a 4 lane road.

It’s not a terrible deal, but it’s probably not stellar either. Have fun, whatever decision you make!

[fsbo]

The builder gave away 2.5% of your purchased price for upgrading (you can have your own contractor or even DIY) and another 2.5% for incentive if you go with their preferred bank.

You can also get 1.5-2% commission split if you go with a buyer agent (negotiate with your agent and get 1/2 ~ 2/3 or even 4/5 of his/her 3% commission back).

~710K is the listed price, it’s negotiable – but if you go with their listed price, you can get enough upgrades/options in return.

[fsbo]

The builder gave away 2.5% of your purchased price for upgrading (you can have your own contractor or even DIY) and another 2.5% for incentive if you go with their preferred bank.

You can also get 1.5-2% commission split if you go with a buyer agent (negotiate with your agent and get 1/2 ~ 2/3 or even 4/5 of his/her 3% commission back).

~710K is the listed price, it’s negotiable – but if you go with their listed price, you can get enough upgrades/options in return.

[fsbo]

The builder gave away 2.5% of your purchased price for upgrading (you can have your own contractor or even DIY) and another 2.5% for incentive if you go with their preferred bank.

You can also get 1.5-2% commission split if you go with a buyer agent (negotiate with your agent and get 1/2 ~ 2/3 or even 4/5 of his/her 3% commission back).

~710K is the listed price, it’s negotiable – but if you go with their listed price, you can get enough upgrades/options in return.

[fsbo]

The builder gave away 2.5% of your purchased price for upgrading (you can have your own contractor or even DIY) and another 2.5% for incentive if you go with their preferred bank.

You can also get 1.5-2% commission split if you go with a buyer agent (negotiate with your agent and get 1/2 ~ 2/3 or even 4/5 of his/her 3% commission back).

~710K is the listed price, it’s negotiable – but if you go with their listed price, you can get enough upgrades/options in return.

[Jessica]

thanks for the inputs. The same plan sells for ~710K with additional builders’ incentives. Anyone knows details on the incentives?

[Jessica]

thanks for the inputs. The same plan sells for ~710K with additional builders’ incentives. Anyone knows details on the incentives?

[Jessica]

thanks for the inputs. The same plan sells for ~710K with additional builders’ incentives. Anyone knows details on the incentives?

[Jessica]

thanks for the inputs. The same plan sells for ~710K with additional builders’ incentives. Anyone knows details on the incentives?

[jeeman]

I think brand new ones start at $650k…that subdivision has had some downward pricing pressure. It used to start in the mid $700s.

You’re paying just current market price.

I’d wait.

[jeeman]

I think brand new ones start at $650k…that subdivision has had some downward pricing pressure. It used to start in the mid $700s.

You’re paying just current market price.

I’d wait.

[jeeman]

I think brand new ones start at $650k…that subdivision has had some downward pricing pressure. It used to start in the mid $700s.

You’re paying just current market price.

I’d wait.

[jeeman]

I think brand new ones start at $650k…that subdivision has had some downward pricing pressure. It used to start in the mid $700s.

You’re paying just current market price.

I’d wait.

[Jessica]

>200K if i don’t loss my job
>enough down to get a comfirming rate at 5.625%
10 yrs
48 months

[Jessica]

>200K if i don’t loss my job
>enough down to get a comfirming rate at 5.625%
10 yrs
48 months

[Jessica]

>200K if i don’t loss my job
>enough down to get a comfirming rate at 5.625%
10 yrs
48 months

[Jessica]

>200K if i don’t loss my job
>enough down to get a comfirming rate at 5.625%
10 yrs
48 months

[p-dude]

p-dude

What’s your income ?
What’s your down payment ?
How long are you planning to stay in this house ?
How many months of saving you have ?

[p-dude]

p-dude

What’s your income ?
What’s your down payment ?
How long are you planning to stay in this house ?
How many months of saving you have ?

[p-dude]

p-dude

What’s your income ?
What’s your down payment ?
How long are you planning to stay in this house ?
How many months of saving you have ?

[p-dude]

p-dude

What’s your income ?
What’s your down payment ?
How long are you planning to stay in this house ?
How many months of saving you have ?

[DWCAP]

It sounds like you are buying a place that you like, but are not inlove with. You can afford it, the question is should you. What is your reason for buying? If you have kids that need a place and schools and such, then that is a decent reason and your are not getting ripped off, so ok. I wouldnt do it, but then I dont make that kinda money either.
If you are buying because you are afraid of getting priced out again, that is a HORRIBLE reason and you should run like the wind. I keep hearing that crap now and then. Think how long it took us to get where we are. Prices have been falling for nearly 2 years now in most of SD, maybe 6 months or so in CV. Do you really think that will change in 1-2 months and well start seeing appreciation again? No way, the housing market is a momentum mover, and momentum is all down.
PS, I also live near a busy road, and it sucks when I want to go to sleep at night with my window open. For those prices, I dont want to have to dream on someone elses exaust.

[DWCAP]

It sounds like you are buying a place that you like, but are not inlove with. You can afford it, the question is should you. What is your reason for buying? If you have kids that need a place and schools and such, then that is a decent reason and your are not getting ripped off, so ok. I wouldnt do it, but then I dont make that kinda money either.
If you are buying because you are afraid of getting priced out again, that is a HORRIBLE reason and you should run like the wind. I keep hearing that crap now and then. Think how long it took us to get where we are. Prices have been falling for nearly 2 years now in most of SD, maybe 6 months or so in CV. Do you really think that will change in 1-2 months and well start seeing appreciation again? No way, the housing market is a momentum mover, and momentum is all down.
PS, I also live near a busy road, and it sucks when I want to go to sleep at night with my window open. For those prices, I dont want to have to dream on someone elses exaust.

[DWCAP]

It sounds like you are buying a place that you like, but are not inlove with. You can afford it, the question is should you. What is your reason for buying? If you have kids that need a place and schools and such, then that is a decent reason and your are not getting ripped off, so ok. I wouldnt do it, but then I dont make that kinda money either.
If you are buying because you are afraid of getting priced out again, that is a HORRIBLE reason and you should run like the wind. I keep hearing that crap now and then. Think how long it took us to get where we are. Prices have been falling for nearly 2 years now in most of SD, maybe 6 months or so in CV. Do you really think that will change in 1-2 months and well start seeing appreciation again? No way, the housing market is a momentum mover, and momentum is all down.
PS, I also live near a busy road, and it sucks when I want to go to sleep at night with my window open. For those prices, I dont want to have to dream on someone elses exaust.

[DWCAP]

It sounds like you are buying a place that you like, but are not inlove with. You can afford it, the question is should you. What is your reason for buying? If you have kids that need a place and schools and such, then that is a decent reason and your are not getting ripped off, so ok. I wouldnt do it, but then I dont make that kinda money either.
If you are buying because you are afraid of getting priced out again, that is a HORRIBLE reason and you should run like the wind. I keep hearing that crap now and then. Think how long it took us to get where we are. Prices have been falling for nearly 2 years now in most of SD, maybe 6 months or so in CV. Do you really think that will change in 1-2 months and well start seeing appreciation again? No way, the housing market is a momentum mover, and momentum is all down.
PS, I also live near a busy road, and it sucks when I want to go to sleep at night with my window open. For those prices, I dont want to have to dream on someone elses exaust.

[DWCAP]

It sounds like you are buying a place that you like, but are not inlove with. You can afford it, the question is should you. What is your reason for buying? If you have kids that need a place and schools and such, then that is a decent reason and your are not getting ripped off, so ok. I wouldnt do it, but then I dont make that kinda money either.
If you are buying because you are afraid of getting priced out again, that is a HORRIBLE reason and you should run like the wind. I keep hearing that crap now and then. Think how long it took us to get where we are. Prices have been falling for nearly 2 years now in most of SD, maybe 6 months or so in CV. Do you really think that will change in 1-2 months and well start seeing appreciation again? No way, the housing market is a momentum mover, and momentum is all down.
PS, I also live near a busy road, and it sucks when I want to go to sleep at night with my window open. For those prices, I dont want to have to dream on someone elses exaust.

[HomeShopping]

How reliable are buyer’s agents about sharing a portion of the sales commission with the buyer? Should this be put in writing? What happens if the agent simply refuses after the home is bought?

[p-dude]

p-dude

you seems to be able to afford this house at this price range. I would buy the house if this is EXACTLY what you are looking for without any compromise.

If I was buyer in this market, I will negotiate like hell, ready to walk if I don’t get my way and have no tolerance for BS from lender, Seller or Agent. You are in driver seat
at least for next 2 years so use it wisely

[hipmatt]

rent

[hipmatt]

rent

[hipmatt]

rent

[hipmatt]

rent

[hipmatt]

rent

[p-dude]

p-dude

you seems to be able to afford this house at this price range. I would buy the house if this is EXACTLY what you are looking for without any compromise.

If I was buyer in this market, I will negotiate like hell, ready to walk if I don’t get my way and have no tolerance for BS from lender, Seller or Agent. You are in driver seat
at least for next 2 years so use it wisely

[p-dude]

p-dude

you seems to be able to afford this house at this price range. I would buy the house if this is EXACTLY what you are looking for without any compromise.

If I was buyer in this market, I will negotiate like hell, ready to walk if I don’t get my way and have no tolerance for BS from lender, Seller or Agent. You are in driver seat
at least for next 2 years so use it wisely

[p-dude]

p-dude

you seems to be able to afford this house at this price range. I would buy the house if this is EXACTLY what you are looking for without any compromise.

If I was buyer in this market, I will negotiate like hell, ready to walk if I don’t get my way and have no tolerance for BS from lender, Seller or Agent. You are in driver seat
at least for next 2 years so use it wisely

[p-dude]

p-dude

you seems to be able to afford this house at this price range. I would buy the house if this is EXACTLY what you are looking for without any compromise.

If I was buyer in this market, I will negotiate like hell, ready to walk if I don’t get my way and have no tolerance for BS from lender, Seller or Agent. You are in driver seat
at least for next 2 years so use it wisely

[HomeShopping]

How reliable are buyer’s agents about sharing a portion of the sales commission with the buyer? Should this be put in writing? What happens if the agent simply refuses after the home is bought?

[HomeShopping]

How reliable are buyer’s agents about sharing a portion of the sales commission with the buyer? Should this be put in writing? What happens if the agent simply refuses after the home is bought?

[HomeShopping]

How reliable are buyer’s agents about sharing a portion of the sales commission with the buyer? Should this be put in writing? What happens if the agent simply refuses after the home is bought?

[HomeShopping]

How reliable are buyer’s agents about sharing a portion of the sales commission with the buyer? Should this be put in writing? What happens if the agent simply refuses after the home is bought?

[Author]

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