purchasing a home using agreement of sale

[lfterrell]

[quote=Bristol Chicken][quote=UCGal]Not to nitpick – but your downpayment is only 4% of your proposed purchase price… that’s in the same ballpark as FHA’s low down programs…

Personally, I’d keep renting, working on your credit rating and saving your pennies to increase your down. I know I sound judgemental but with such a small down and admissions of poor credit rating, I don’t think you’re ready to buy.[/quote]

Ready to buy? Please do not discourage these people. We need all the help we can get. Must keep the credit / real estate ponzi moving towards the peak of the triangle. If the peak is not supported the sides will collapse. If the sides collapse the base will be covered in rubble. If the base is covered in rubble we can’t have growth. Who will clear all the rubble? Our childrens children? The democrats? The republicans? Of course not. Only Ronald Regan could solve this problem and he’s dead. (Chuck Norris could fix it but doesn’t have the time).

Unbridled speculation, greed, no morals, no stigma now for bad decisions. Bankruptcy, foreclosure are taught and accepted as financial planning. Entitlement society, something for nothing with the uncle to back you up if things go wrong. This is our housing market. Accept it and support it.

Yes, these people are ready to buy. And we are collectively ready to sell to them. (besides I may want to buy their house with cash at 20-30% off in a couple of years when vacant)[/quote]

How interesting without knowing much, only that I’ve saved some money and admitted my credit score is not where I want it (685 average) you’ve gone on this rant.
I’m sure it made you feel better, but the bile you keep inside will eventually eat you alive.

Actually we own a home in Austin, TX but need it to gain more before we can sell and would like to buy, if possible, once we relocate to San Diego vice renting four to five years.

[UCGal]

[quote=lfterrell]How interesting without knowing much, only that I’ve saved some money and admitted my credit score is not where I want it (685 average) you’ve gone on this rant.
[/quote]
I used information you provided in the OP.
[quote=lfterrell]We would like to purchase a home in San Diego using the Agreement of Sale method. We know our credit rating is not the best, but we do have good income, very little debt and some money $20,000 that can be used towards down payment. We obviously are not looking for a mansion, but would like something 2-3 bedrooms under $500,000. How prevalent are agreement of sale contracts in San Diego?[/quote]

You mentioned your credit score was an issue. I did not pull that out of thin air. You mention you have $20k to put down on a $500k purchase – I did not pull that out of thin air.

I stated my opinion that it would be better to take some time to concurrantly work on your credit score and save more down payment. I’m sorry you were offended by that.

[UCGal]

[quote=lfterrell]How interesting without knowing much, only that I’ve saved some money and admitted my credit score is not where I want it (685 average) you’ve gone on this rant.
[/quote]
I used information you provided in the OP.
[quote=lfterrell]We would like to purchase a home in San Diego using the Agreement of Sale method. We know our credit rating is not the best, but we do have good income, very little debt and some money $20,000 that can be used towards down payment. We obviously are not looking for a mansion, but would like something 2-3 bedrooms under $500,000. How prevalent are agreement of sale contracts in San Diego?[/quote]

You mentioned your credit score was an issue. I did not pull that out of thin air. You mention you have $20k to put down on a $500k purchase – I did not pull that out of thin air.

I stated my opinion that it would be better to take some time to concurrantly work on your credit score and save more down payment. I’m sorry you were offended by that.

[UCGal]

[quote=lfterrell]How interesting without knowing much, only that I’ve saved some money and admitted my credit score is not where I want it (685 average) you’ve gone on this rant.
[/quote]
I used information you provided in the OP.
[quote=lfterrell]We would like to purchase a home in San Diego using the Agreement of Sale method. We know our credit rating is not the best, but we do have good income, very little debt and some money $20,000 that can be used towards down payment. We obviously are not looking for a mansion, but would like something 2-3 bedrooms under $500,000. How prevalent are agreement of sale contracts in San Diego?[/quote]

You mentioned your credit score was an issue. I did not pull that out of thin air. You mention you have $20k to put down on a $500k purchase – I did not pull that out of thin air.

I stated my opinion that it would be better to take some time to concurrantly work on your credit score and save more down payment. I’m sorry you were offended by that.

[UCGal]

[quote=lfterrell]How interesting without knowing much, only that I’ve saved some money and admitted my credit score is not where I want it (685 average) you’ve gone on this rant.
[/quote]
I used information you provided in the OP.
[quote=lfterrell]We would like to purchase a home in San Diego using the Agreement of Sale method. We know our credit rating is not the best, but we do have good income, very little debt and some money $20,000 that can be used towards down payment. We obviously are not looking for a mansion, but would like something 2-3 bedrooms under $500,000. How prevalent are agreement of sale contracts in San Diego?[/quote]

You mentioned your credit score was an issue. I did not pull that out of thin air. You mention you have $20k to put down on a $500k purchase – I did not pull that out of thin air.

I stated my opinion that it would be better to take some time to concurrantly work on your credit score and save more down payment. I’m sorry you were offended by that.

[UCGal]

[quote=lfterrell]How interesting without knowing much, only that I’ve saved some money and admitted my credit score is not where I want it (685 average) you’ve gone on this rant.
[/quote]
I used information you provided in the OP.
[quote=lfterrell]We would like to purchase a home in San Diego using the Agreement of Sale method. We know our credit rating is not the best, but we do have good income, very little debt and some money $20,000 that can be used towards down payment. We obviously are not looking for a mansion, but would like something 2-3 bedrooms under $500,000. How prevalent are agreement of sale contracts in San Diego?[/quote]

You mentioned your credit score was an issue. I did not pull that out of thin air. You mention you have $20k to put down on a $500k purchase – I did not pull that out of thin air.

I stated my opinion that it would be better to take some time to concurrantly work on your credit score and save more down payment. I’m sorry you were offended by that.

[faterikcartman]

[quote=Bristol Chicken][quote=UCGal]Not to nitpick – but your downpayment is only 4% of your proposed purchase price… that’s in the same ballpark as FHA’s low down programs…

Personally, I’d keep renting, working on your credit rating and saving your pennies to increase your down. I know I sound judgemental but with such a small down and admissions of poor credit rating, I don’t think you’re ready to buy.[/quote]

Ready to buy? Please do not discourage these people. We need all the help we can get. Must keep the credit / real estate ponzi moving towards the peak of the triangle. If the peak is not supported the sides will collapse. If the sides collapse the base will be covered in rubble. If the base is covered in rubble we can’t have growth. Who will clear all the rubble? Our childrens children? The democrats? The republicans? Of course not. Only Ronald Regan could solve this problem and he’s dead. (Chuck Norris could fix it but doesn’t have the time).

Unbridled speculation, greed, no morals, no stigma now for bad decisions. Bankruptcy, foreclosure are taught and accepted as financial planning. Entitlement society, something for nothing with the uncle to back you up if things go wrong. This is our housing market. Accept it and support it.

Yes, these people are ready to buy. And we are collectively ready to sell to them. (besides I may want to buy their house with cash at 20-30% off in a couple of years when vacant)[/quote]

Your post had me grinning from start to finish.

[faterikcartman]

[quote=Bristol Chicken][quote=UCGal]Not to nitpick – but your downpayment is only 4% of your proposed purchase price… that’s in the same ballpark as FHA’s low down programs…

Personally, I’d keep renting, working on your credit rating and saving your pennies to increase your down. I know I sound judgemental but with such a small down and admissions of poor credit rating, I don’t think you’re ready to buy.[/quote]

Ready to buy? Please do not discourage these people. We need all the help we can get. Must keep the credit / real estate ponzi moving towards the peak of the triangle. If the peak is not supported the sides will collapse. If the sides collapse the base will be covered in rubble. If the base is covered in rubble we can’t have growth. Who will clear all the rubble? Our childrens children? The democrats? The republicans? Of course not. Only Ronald Regan could solve this problem and he’s dead. (Chuck Norris could fix it but doesn’t have the time).

Unbridled speculation, greed, no morals, no stigma now for bad decisions. Bankruptcy, foreclosure are taught and accepted as financial planning. Entitlement society, something for nothing with the uncle to back you up if things go wrong. This is our housing market. Accept it and support it.

Yes, these people are ready to buy. And we are collectively ready to sell to them. (besides I may want to buy their house with cash at 20-30% off in a couple of years when vacant)[/quote]

Your post had me grinning from start to finish.

[faterikcartman]

[quote=Bristol Chicken][quote=UCGal]Not to nitpick – but your downpayment is only 4% of your proposed purchase price… that’s in the same ballpark as FHA’s low down programs…

Personally, I’d keep renting, working on your credit rating and saving your pennies to increase your down. I know I sound judgemental but with such a small down and admissions of poor credit rating, I don’t think you’re ready to buy.[/quote]

Ready to buy? Please do not discourage these people. We need all the help we can get. Must keep the credit / real estate ponzi moving towards the peak of the triangle. If the peak is not supported the sides will collapse. If the sides collapse the base will be covered in rubble. If the base is covered in rubble we can’t have growth. Who will clear all the rubble? Our childrens children? The democrats? The republicans? Of course not. Only Ronald Regan could solve this problem and he’s dead. (Chuck Norris could fix it but doesn’t have the time).

Unbridled speculation, greed, no morals, no stigma now for bad decisions. Bankruptcy, foreclosure are taught and accepted as financial planning. Entitlement society, something for nothing with the uncle to back you up if things go wrong. This is our housing market. Accept it and support it.

Yes, these people are ready to buy. And we are collectively ready to sell to them. (besides I may want to buy their house with cash at 20-30% off in a couple of years when vacant)[/quote]

Your post had me grinning from start to finish.

[faterikcartman]

[quote=Bristol Chicken][quote=UCGal]Not to nitpick – but your downpayment is only 4% of your proposed purchase price… that’s in the same ballpark as FHA’s low down programs…

Personally, I’d keep renting, working on your credit rating and saving your pennies to increase your down. I know I sound judgemental but with such a small down and admissions of poor credit rating, I don’t think you’re ready to buy.[/quote]

Ready to buy? Please do not discourage these people. We need all the help we can get. Must keep the credit / real estate ponzi moving towards the peak of the triangle. If the peak is not supported the sides will collapse. If the sides collapse the base will be covered in rubble. If the base is covered in rubble we can’t have growth. Who will clear all the rubble? Our childrens children? The democrats? The republicans? Of course not. Only Ronald Regan could solve this problem and he’s dead. (Chuck Norris could fix it but doesn’t have the time).

Unbridled speculation, greed, no morals, no stigma now for bad decisions. Bankruptcy, foreclosure are taught and accepted as financial planning. Entitlement society, something for nothing with the uncle to back you up if things go wrong. This is our housing market. Accept it and support it.

Yes, these people are ready to buy. And we are collectively ready to sell to them. (besides I may want to buy their house with cash at 20-30% off in a couple of years when vacant)[/quote]

Your post had me grinning from start to finish.

[faterikcartman]

[quote=Bristol Chicken][quote=UCGal]Not to nitpick – but your downpayment is only 4% of your proposed purchase price… that’s in the same ballpark as FHA’s low down programs…

Personally, I’d keep renting, working on your credit rating and saving your pennies to increase your down. I know I sound judgemental but with such a small down and admissions of poor credit rating, I don’t think you’re ready to buy.[/quote]

Ready to buy? Please do not discourage these people. We need all the help we can get. Must keep the credit / real estate ponzi moving towards the peak of the triangle. If the peak is not supported the sides will collapse. If the sides collapse the base will be covered in rubble. If the base is covered in rubble we can’t have growth. Who will clear all the rubble? Our childrens children? The democrats? The republicans? Of course not. Only Ronald Regan could solve this problem and he’s dead. (Chuck Norris could fix it but doesn’t have the time).

Unbridled speculation, greed, no morals, no stigma now for bad decisions. Bankruptcy, foreclosure are taught and accepted as financial planning. Entitlement society, something for nothing with the uncle to back you up if things go wrong. This is our housing market. Accept it and support it.

Yes, these people are ready to buy. And we are collectively ready to sell to them. (besides I may want to buy their house with cash at 20-30% off in a couple of years when vacant)[/quote]

Your post had me grinning from start to finish.

[lfterrell]

[quote=UCGal][quote=lfterrell]How interesting without knowing much, only that I’ve saved some money and admitted my credit score is not where I want it (685 average) you’ve gone on this rant.
[/quote]
I used information you provided in the OP.
[quote=lfterrell]We would like to purchase a home in San Diego using the Agreement of Sale method. We know our credit rating is not the best, but we do have good income, very little debt and some money $20,000 that can be used towards down payment. We obviously are not looking for a mansion, but would like something 2-3 bedrooms under $500,000. How prevalent are agreement of sale contracts in San Diego?[/quote]

Actually I was addressing, what I took as very “Snarky” comments from Bristol Chicken, not UCGal. I too agree that we need to improve our credit score, which we are doing and have more funds for down, which we are working towards. I was not too keen on renting any longer and knew about the Agreement of Sale route. Its a legitimate means for those of us who have challenges such as another home that still needs to appreciate in order to sell.
The reason I initially asked the question, was to see if others knew of this type of contract being used in California.

You mentioned your credit score was an issue. I did not pull that out of thin air. You mention you have $20k to put down on a $500k purchase – I did not pull that out of thin air.

I agree I did bring up my score and money on hand – again, I was really addressing the other comments.

I stated my opinion that it would be better to take some time to concurrantly work on your credit score and save more down payment. I’m sorry you were offended by that.[/quote]

Everyone is entitled to their opinion, and that was the reason I posted; where I disagree is when folks with no real valuable information involve themselves and don’t really add to the discourse other than hijack the thread towards venting about their personal “bugaboos.”

I appreciate your original suggestion – Thanks!

[lfterrell]

[quote=UCGal][quote=lfterrell]How interesting without knowing much, only that I’ve saved some money and admitted my credit score is not where I want it (685 average) you’ve gone on this rant.
[/quote]
I used information you provided in the OP.
[quote=lfterrell]We would like to purchase a home in San Diego using the Agreement of Sale method. We know our credit rating is not the best, but we do have good income, very little debt and some money $20,000 that can be used towards down payment. We obviously are not looking for a mansion, but would like something 2-3 bedrooms under $500,000. How prevalent are agreement of sale contracts in San Diego?[/quote]

Actually I was addressing, what I took as very “Snarky” comments from Bristol Chicken, not UCGal. I too agree that we need to improve our credit score, which we are doing and have more funds for down, which we are working towards. I was not too keen on renting any longer and knew about the Agreement of Sale route. Its a legitimate means for those of us who have challenges such as another home that still needs to appreciate in order to sell.
The reason I initially asked the question, was to see if others knew of this type of contract being used in California.

You mentioned your credit score was an issue. I did not pull that out of thin air. You mention you have $20k to put down on a $500k purchase – I did not pull that out of thin air.

I agree I did bring up my score and money on hand – again, I was really addressing the other comments.

I stated my opinion that it would be better to take some time to concurrantly work on your credit score and save more down payment. I’m sorry you were offended by that.[/quote]

Everyone is entitled to their opinion, and that was the reason I posted; where I disagree is when folks with no real valuable information involve themselves and don’t really add to the discourse other than hijack the thread towards venting about their personal “bugaboos.”

I appreciate your original suggestion – Thanks!

[lfterrell]

[quote=UCGal][quote=lfterrell]How interesting without knowing much, only that I’ve saved some money and admitted my credit score is not where I want it (685 average) you’ve gone on this rant.
[/quote]
I used information you provided in the OP.
[quote=lfterrell]We would like to purchase a home in San Diego using the Agreement of Sale method. We know our credit rating is not the best, but we do have good income, very little debt and some money $20,000 that can be used towards down payment. We obviously are not looking for a mansion, but would like something 2-3 bedrooms under $500,000. How prevalent are agreement of sale contracts in San Diego?[/quote]

Actually I was addressing, what I took as very “Snarky” comments from Bristol Chicken, not UCGal. I too agree that we need to improve our credit score, which we are doing and have more funds for down, which we are working towards. I was not too keen on renting any longer and knew about the Agreement of Sale route. Its a legitimate means for those of us who have challenges such as another home that still needs to appreciate in order to sell.
The reason I initially asked the question, was to see if others knew of this type of contract being used in California.

You mentioned your credit score was an issue. I did not pull that out of thin air. You mention you have $20k to put down on a $500k purchase – I did not pull that out of thin air.

I agree I did bring up my score and money on hand – again, I was really addressing the other comments.

I stated my opinion that it would be better to take some time to concurrantly work on your credit score and save more down payment. I’m sorry you were offended by that.[/quote]

Everyone is entitled to their opinion, and that was the reason I posted; where I disagree is when folks with no real valuable information involve themselves and don’t really add to the discourse other than hijack the thread towards venting about their personal “bugaboos.”

I appreciate your original suggestion – Thanks!

[lfterrell]

[quote=UCGal][quote=lfterrell]How interesting without knowing much, only that I’ve saved some money and admitted my credit score is not where I want it (685 average) you’ve gone on this rant.
[/quote]
I used information you provided in the OP.
[quote=lfterrell]We would like to purchase a home in San Diego using the Agreement of Sale method. We know our credit rating is not the best, but we do have good income, very little debt and some money $20,000 that can be used towards down payment. We obviously are not looking for a mansion, but would like something 2-3 bedrooms under $500,000. How prevalent are agreement of sale contracts in San Diego?[/quote]

Actually I was addressing, what I took as very “Snarky” comments from Bristol Chicken, not UCGal. I too agree that we need to improve our credit score, which we are doing and have more funds for down, which we are working towards. I was not too keen on renting any longer and knew about the Agreement of Sale route. Its a legitimate means for those of us who have challenges such as another home that still needs to appreciate in order to sell.
The reason I initially asked the question, was to see if others knew of this type of contract being used in California.

You mentioned your credit score was an issue. I did not pull that out of thin air. You mention you have $20k to put down on a $500k purchase – I did not pull that out of thin air.

I agree I did bring up my score and money on hand – again, I was really addressing the other comments.

I stated my opinion that it would be better to take some time to concurrantly work on your credit score and save more down payment. I’m sorry you were offended by that.[/quote]

Everyone is entitled to their opinion, and that was the reason I posted; where I disagree is when folks with no real valuable information involve themselves and don’t really add to the discourse other than hijack the thread towards venting about their personal “bugaboos.”

I appreciate your original suggestion – Thanks!

[Author]

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