NEED your input, About to buy a new Pienza home in 4S Ranch

[NotCranky]

If you and your husband decide to cancel fight for your deposit on the grounds that the sellers rep and mortage guy are being misleading.Accuse them of teaming up on you if they are in anyway affiliated. Ask the builders sales Rep if they have ever sold a model like the one you are interested in for less or if the would ever consider it in the future.Ask them what they would do for you if that happened,especially since you feel you are being mislead.
Put it in writing registered mail.Quote some of the things the posters here are saying. If they offer you a lower price ,which they might take it or tell them you don’t trust them and that the price would have to be 20%or more lower to make sense stand your ground. CC and send a copy to the mediation center of the local NAR if you have to.Maybe take them to small claims. I know I would get my deposit back.

Best wishes

[Anonymous]

If you make a “decent” living, what makes you think you can afford to buy a $735,110 house? You’d better make a damn good living to pay that much. But regardless, I’d be surprised if it is worth half that much in 5 years.

[Anonymous]

If you make a “decent” living, what makes you think you can afford to buy a $735,110 house? You’d better make a damn good living to pay that much. But regardless, I’d be surprised if it is worth half that much in 5 years.

[lendingbubblecontinues]

Step 1: Put $10,000 non-refundable deposit down on tract home in 4Closure Ranch (future foreclosure candidate yourself…congratulations!)

Step 2: Come to piggington seeking affirmation or some type of “help” with your decision.

Absolutely brilliant strategy!!! Hope it works out for you…

😉

P.S. Thanks a MILLION yourself–for helping us to ascertain that we must be NOWHERE near the bottom!

[lendingbubblecontinues]

Step 1: Put $10,000 non-refundable deposit down on tract home in 4Closure Ranch (future foreclosure candidate yourself…congratulations!)

Step 2: Come to piggington seeking affirmation or some type of “help” with your decision.

Absolutely brilliant strategy!!! Hope it works out for you…

😉

P.S. Thanks a MILLION yourself–for helping us to ascertain that we must be NOWHERE near the bottom!

[Enorah]

Is it just me, or does the op seem like a total fabrication?

Buyorhold, if you really are in this situation, please forgive me.

[Enorah]

Is it just me, or does the op seem like a total fabrication?

Buyorhold, if you really are in this situation, please forgive me.

[cyphire]

Dear buyorhold – I don’t know you but I would strongly counsel to try to get your deposit back or just eat it.

I am a business person – and I like to look at risk / reward calculations. If you said you planned on being in the house for 30 years (or 20), I still think you are rushing into this, but at 7-10 I think it is a huge mistake.

There is a reason that the builders are giving away kitchens, etc. – they need to. Getting the equivalent of a 5% bonus for buying at the top of a market is no bargain.

The chance that your neighborhood will go up in value is small, the chance that it could go down is huge. Look at the fundamentals and also look at history. This is EXACTLY what happens at the end of a bubble. The bubble deflates and people still buy on the way down. I don’t think that you need to wait forever – it’s really hard to time a real estate market. But prices are insane. Look at what those houses were selling for (or other comparable areas 7 years ago. Or 10 years ago. You are locking yourself and your future into an asset which will probably decrease and giving yourself little breathing room. If you don’t mind taking a 70K hit on paper minimum – do it. I don’t think you want to.

Another thing – that is quit a bit inland – it’s going to be hit (is getting hit) very hard right now. Wait 1 year – look at the market – you will be jumping for joy you didn’t plunge in. There is a reason all the other people did not finalize their sales. And a final note… The developers are not idiots. They are only putting a small fraction of what is being built on the market. They have already said that they will probably give back the last 3 years of profits over the next couple…. Don’t pay their way out of it with your money just for some upgrades which cost them small amounts…

[cyphire]

Dear buyorhold – I don’t know you but I would strongly counsel to try to get your deposit back or just eat it.

I am a business person – and I like to look at risk / reward calculations. If you said you planned on being in the house for 30 years (or 20), I still think you are rushing into this, but at 7-10 I think it is a huge mistake.

There is a reason that the builders are giving away kitchens, etc. – they need to. Getting the equivalent of a 5% bonus for buying at the top of a market is no bargain.

The chance that your neighborhood will go up in value is small, the chance that it could go down is huge. Look at the fundamentals and also look at history. This is EXACTLY what happens at the end of a bubble. The bubble deflates and people still buy on the way down. I don’t think that you need to wait forever – it’s really hard to time a real estate market. But prices are insane. Look at what those houses were selling for (or other comparable areas 7 years ago. Or 10 years ago. You are locking yourself and your future into an asset which will probably decrease and giving yourself little breathing room. If you don’t mind taking a 70K hit on paper minimum – do it. I don’t think you want to.

Another thing – that is quit a bit inland – it’s going to be hit (is getting hit) very hard right now. Wait 1 year – look at the market – you will be jumping for joy you didn’t plunge in. There is a reason all the other people did not finalize their sales. And a final note… The developers are not idiots. They are only putting a small fraction of what is being built on the market. They have already said that they will probably give back the last 3 years of profits over the next couple…. Don’t pay their way out of it with your money just for some upgrades which cost them small amounts…

[buyorhold]

Over $200k / year.

[buyorhold]

Over $200k / year.

[buyorhold]

Wow, that was not very nice at all. My husband asked me to look inth piggington.com because he thought it was good reference and he wanted me to read what other people’s opinion of the market is.

Is it really necessary to mock me?

[buyorhold]

Wow, that was not very nice at all. My husband asked me to look inth piggington.com because he thought it was good reference and he wanted me to read what other people’s opinion of the market is.

Is it really necessary to mock me?

[buyorhold]

What is “op”?

[buyorhold]

What is “op”?

[Author]

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