Taking the plunge

[bearishgurl]

[quote=hmc]I never suggested to make decisions primarly based on internet research. What I said is that one doesn’t need 6-12 months just to learn the market with today’s information on internet.

On the other hand, many people spend take many years and still don’t get it…[/quote]

I knew what you meant, hmc. And I agree with Scarlett that you can’t see a lot of things in those internet photos. As a buyer, you SHOULD be intimately familiar with the area you want to purchase in (or, if relocating, have a broker/agent whom you trust implicitly that is).

Because so many potential Pigg buyers had expressed concerns about buying a property only to have it fall in value shortly after closing, I suggested the “plat map exercise” before they placed an offer.

see: http://piggington.com/shadow_inventory_finally_being_released?page=3

What I have taken from potential Pigg buyers’ posts is that those who seem to be waiting a long time to purchase are those who want to purchase properties for which they don’t have enough saved for a 20% downpayment OR they DO have the downpayment funds on hand but want to purchase at a price significantly under the current market or will continue renting. In addition, these potential buyers do not wish to place offers on properties for which their downpayment funds on hand WOULD equal 20%. They are renters who are happy with their rental and terms and so wish to stay put and continue saving money for a downpayment. If something should change with their rental terms in the future to make them less happy with it, then that in itself may motivate them to buy. There’s nothing wrong with any of this.

Any fence-sitting Piggs, correct me if I have this wrong ;=]

[sdrealtor]

And I still disagree. You need to get past looking at aggregate statistics to understand what is really going on. The fact that the stats say early 2009 was a bottom is irrelevant to any single buyer. The best deals are hammered out at certain times of the year regardless of the rest.

[sdrealtor]

And I still disagree. You need to get past looking at aggregate statistics to understand what is really going on. The fact that the stats say early 2009 was a bottom is irrelevant to any single buyer. The best deals are hammered out at certain times of the year regardless of the rest.

[sdrealtor]

And I still disagree. You need to get past looking at aggregate statistics to understand what is really going on. The fact that the stats say early 2009 was a bottom is irrelevant to any single buyer. The best deals are hammered out at certain times of the year regardless of the rest.

[sdrealtor]

And I still disagree. You need to get past looking at aggregate statistics to understand what is really going on. The fact that the stats say early 2009 was a bottom is irrelevant to any single buyer. The best deals are hammered out at certain times of the year regardless of the rest.

[sdrealtor]

And I still disagree. You need to get past looking at aggregate statistics to understand what is really going on. The fact that the stats say early 2009 was a bottom is irrelevant to any single buyer. The best deals are hammered out at certain times of the year regardless of the rest.

[hmc]

[quote=sdrealtor]The fact that the stats say early 2009 was a bottom is irrelevant to any single buyer. [/quote]

On the contrary, early 2009 bottom is very relevant to single buyers. No one can predict absolute bottom, and early 2009 represented significant value for a lot of (but not all) houses. I am not saying each home bought then always had absolute best deal but generally speaking, many homes bought at that time are hard to beat, especially with refinance in Q4. 2010. In other words, average individual buyers had much better chance to get good/best deals at that kind of market condition, vs seasonal periods.

I know you will never agree because you are a realtor and a self claimed expert with “full body of knowledge” but you are loosing your ground, agree or not…

I have given enough points and will not argue with you any more.

[hmc]

[quote=sdrealtor]The fact that the stats say early 2009 was a bottom is irrelevant to any single buyer. [/quote]

On the contrary, early 2009 bottom is very relevant to single buyers. No one can predict absolute bottom, and early 2009 represented significant value for a lot of (but not all) houses. I am not saying each home bought then always had absolute best deal but generally speaking, many homes bought at that time are hard to beat, especially with refinance in Q4. 2010. In other words, average individual buyers had much better chance to get good/best deals at that kind of market condition, vs seasonal periods.

I know you will never agree because you are a realtor and a self claimed expert with “full body of knowledge” but you are loosing your ground, agree or not…

I have given enough points and will not argue with you any more.

[hmc]

[quote=sdrealtor]The fact that the stats say early 2009 was a bottom is irrelevant to any single buyer. [/quote]

On the contrary, early 2009 bottom is very relevant to single buyers. No one can predict absolute bottom, and early 2009 represented significant value for a lot of (but not all) houses. I am not saying each home bought then always had absolute best deal but generally speaking, many homes bought at that time are hard to beat, especially with refinance in Q4. 2010. In other words, average individual buyers had much better chance to get good/best deals at that kind of market condition, vs seasonal periods.

I know you will never agree because you are a realtor and a self claimed expert with “full body of knowledge” but you are loosing your ground, agree or not…

I have given enough points and will not argue with you any more.

[hmc]

[quote=sdrealtor]The fact that the stats say early 2009 was a bottom is irrelevant to any single buyer. [/quote]

On the contrary, early 2009 bottom is very relevant to single buyers. No one can predict absolute bottom, and early 2009 represented significant value for a lot of (but not all) houses. I am not saying each home bought then always had absolute best deal but generally speaking, many homes bought at that time are hard to beat, especially with refinance in Q4. 2010. In other words, average individual buyers had much better chance to get good/best deals at that kind of market condition, vs seasonal periods.

I know you will never agree because you are a realtor and a self claimed expert with “full body of knowledge” but you are loosing your ground, agree or not…

I have given enough points and will not argue with you any more.

[hmc]

[quote=sdrealtor]The fact that the stats say early 2009 was a bottom is irrelevant to any single buyer. [/quote]

On the contrary, early 2009 bottom is very relevant to single buyers. No one can predict absolute bottom, and early 2009 represented significant value for a lot of (but not all) houses. I am not saying each home bought then always had absolute best deal but generally speaking, many homes bought at that time are hard to beat, especially with refinance in Q4. 2010. In other words, average individual buyers had much better chance to get good/best deals at that kind of market condition, vs seasonal periods.

I know you will never agree because you are a realtor and a self claimed expert with “full body of knowledge” but you are loosing your ground, agree or not…

I have given enough points and will not argue with you any more.

[Scarlett]

Unless the OP is intimately familiar with the area, i.e. rented in the area for a couple years at least, he or she needs to get familiar with it, and that simply doesn’t happen overnight, it takes a few months – AT LEAST. It’s not a set number, true. They will know when they will become familiar enough.

Depends how much time they have on their hands too. With a young child, they may not have that much. And you need to take breaks, or weekends off for other things. And how intensive their search is.

I am still learning new things about PQ. And I’ve been looking actively in there total of more than 12 months – with breaks in between.

[Scarlett]

Unless the OP is intimately familiar with the area, i.e. rented in the area for a couple years at least, he or she needs to get familiar with it, and that simply doesn’t happen overnight, it takes a few months – AT LEAST. It’s not a set number, true. They will know when they will become familiar enough.

Depends how much time they have on their hands too. With a young child, they may not have that much. And you need to take breaks, or weekends off for other things. And how intensive their search is.

I am still learning new things about PQ. And I’ve been looking actively in there total of more than 12 months – with breaks in between.

[Scarlett]

Unless the OP is intimately familiar with the area, i.e. rented in the area for a couple years at least, he or she needs to get familiar with it, and that simply doesn’t happen overnight, it takes a few months – AT LEAST. It’s not a set number, true. They will know when they will become familiar enough.

Depends how much time they have on their hands too. With a young child, they may not have that much. And you need to take breaks, or weekends off for other things. And how intensive their search is.

I am still learning new things about PQ. And I’ve been looking actively in there total of more than 12 months – with breaks in between.

[Scarlett]

Unless the OP is intimately familiar with the area, i.e. rented in the area for a couple years at least, he or she needs to get familiar with it, and that simply doesn’t happen overnight, it takes a few months – AT LEAST. It’s not a set number, true. They will know when they will become familiar enough.

Depends how much time they have on their hands too. With a young child, they may not have that much. And you need to take breaks, or weekends off for other things. And how intensive their search is.

I am still learning new things about PQ. And I’ve been looking actively in there total of more than 12 months – with breaks in between.

[Author]

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