Taking the plunge

[bearishgurl]

I’m going to accept the “infomercial challenge” and say that I have in the past and could (now or in the future) cut a more than acceptable deal in any interest-rate environment, “seller’s market” or “buyer’s market.”

I could care less about trying to time the bottom of the market. This is akin to day trading or playing poker. Using myself as an example, if I’m in the market to buy, I want a “particular” kind of property in a very “particular” location that serves a “particular” need at the stage of my life at that time. I’ll just deal with whatever conditions are present at the time and make them work for me.

I DO think that once past Halloween, buyers aren’t really thinking any more about actively placing offers. The vast majority are now trying to “get thru the holidays.” Then in January, many don’t like the “stale selection.” So they continue to wait for more inventory to trickle into the market. By then (April-May), the market is well into the spring-summer “high selling season.” In addition, buyers with school-age kids don’t want to move them unless they are on a break from school that is at the same time as the break of the school they are transferring to (likely summer). So, like it or not, those buyers with school-age kids are neck-to-neck in competition for the same houses with hoardes of other parent-buyers (“herding mentality”).

If the vast majority of buyers in SD County with school-age kids only consider 3-6 zip codes in their home search, they will find themselves bidding against each other and bidding the properties up in price. It’s that simple and has nothing to do with the “true value or worth” of the property. When you get some free time, see:

provided courtesy of CA renter on:

http://piggington.com/shadow_inventory_finally_being_released?page=2

Historical properties, downtown condos or those in eclectic, gentrifying and/or well-established urban view areas are not nearly as “school-schedule sensitive” as to the best times to market them because they appeal to a very wide demographic, both domestic and foreign.

[CA renter]

[quote=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.[/quote]

Totally agree with this.

We’ve been very actively watching the market for over a decade — on the street, actively looking at homes — but there are still areas we’re not familiar enough with (as evidenced in another recent thread).

It takes a long time to understand a particular market, and it’s only after really studying an area that one can know if a listing is a good deal or not. I’ve seen so many out-of-towners fly into SD after doing an internet search, and they almost always overpay for a house that’s been on-and-off the market for months or years without any buyer activity. Then, a year or more later, when they have to sell again (who are these people who insist on buying for only a short time???), they are “shocked” that they can’t fetch the same price they paid for their shacks.

[CA renter]

[quote=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.[/quote]

Totally agree with this.

We’ve been very actively watching the market for over a decade — on the street, actively looking at homes — but there are still areas we’re not familiar enough with (as evidenced in another recent thread).

It takes a long time to understand a particular market, and it’s only after really studying an area that one can know if a listing is a good deal or not. I’ve seen so many out-of-towners fly into SD after doing an internet search, and they almost always overpay for a house that’s been on-and-off the market for months or years without any buyer activity. Then, a year or more later, when they have to sell again (who are these people who insist on buying for only a short time???), they are “shocked” that they can’t fetch the same price they paid for their shacks.

[CA renter]

[quote=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.[/quote]

Totally agree with this.

We’ve been very actively watching the market for over a decade — on the street, actively looking at homes — but there are still areas we’re not familiar enough with (as evidenced in another recent thread).

It takes a long time to understand a particular market, and it’s only after really studying an area that one can know if a listing is a good deal or not. I’ve seen so many out-of-towners fly into SD after doing an internet search, and they almost always overpay for a house that’s been on-and-off the market for months or years without any buyer activity. Then, a year or more later, when they have to sell again (who are these people who insist on buying for only a short time???), they are “shocked” that they can’t fetch the same price they paid for their shacks.

[CA renter]

[quote=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.[/quote]

Totally agree with this.

We’ve been very actively watching the market for over a decade — on the street, actively looking at homes — but there are still areas we’re not familiar enough with (as evidenced in another recent thread).

It takes a long time to understand a particular market, and it’s only after really studying an area that one can know if a listing is a good deal or not. I’ve seen so many out-of-towners fly into SD after doing an internet search, and they almost always overpay for a house that’s been on-and-off the market for months or years without any buyer activity. Then, a year or more later, when they have to sell again (who are these people who insist on buying for only a short time???), they are “shocked” that they can’t fetch the same price they paid for their shacks.

[CA renter]

[quote=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.[/quote]

Totally agree with this.

We’ve been very actively watching the market for over a decade — on the street, actively looking at homes — but there are still areas we’re not familiar enough with (as evidenced in another recent thread).

It takes a long time to understand a particular market, and it’s only after really studying an area that one can know if a listing is a good deal or not. I’ve seen so many out-of-towners fly into SD after doing an internet search, and they almost always overpay for a house that’s been on-and-off the market for months or years without any buyer activity. Then, a year or more later, when they have to sell again (who are these people who insist on buying for only a short time???), they are “shocked” that they can’t fetch the same price they paid for their shacks.

[scaredyclassic]

on the other hand, if I had shopped for a spouse like this, I’d still be living alone in my stinky apt with apile of clothes on my bed, lonely, no pool, and no strange teens wandering around calling me old man.

[scaredyclassic]

on the other hand, if I had shopped for a spouse like this, I’d still be living alone in my stinky apt with apile of clothes on my bed, lonely, no pool, and no strange teens wandering around calling me old man.

[scaredyclassic]

on the other hand, if I had shopped for a spouse like this, I’d still be living alone in my stinky apt with apile of clothes on my bed, lonely, no pool, and no strange teens wandering around calling me old man.

[scaredyclassic]

on the other hand, if I had shopped for a spouse like this, I’d still be living alone in my stinky apt with apile of clothes on my bed, lonely, no pool, and no strange teens wandering around calling me old man.

[scaredyclassic]

on the other hand, if I had shopped for a spouse like this, I’d still be living alone in my stinky apt with apile of clothes on my bed, lonely, no pool, and no strange teens wandering around calling me old man.

[(former)FormerSanDiegan]

[quote=walterwhite]on the other hand, if I had shopped for a spouse like this, I’d still be living alone in my stinky apt with apile of clothes on my bed, lonely, no pool, and no strange teens wandering around calling me old man.[/quote]

classic !

[(former)FormerSanDiegan]

[quote=walterwhite]on the other hand, if I had shopped for a spouse like this, I’d still be living alone in my stinky apt with apile of clothes on my bed, lonely, no pool, and no strange teens wandering around calling me old man.[/quote]

classic !

[(former)FormerSanDiegan]

[quote=walterwhite]on the other hand, if I had shopped for a spouse like this, I’d still be living alone in my stinky apt with apile of clothes on my bed, lonely, no pool, and no strange teens wandering around calling me old man.[/quote]

classic !

[(former)FormerSanDiegan]

[quote=walterwhite]on the other hand, if I had shopped for a spouse like this, I’d still be living alone in my stinky apt with apile of clothes on my bed, lonely, no pool, and no strange teens wandering around calling me old man.[/quote]

classic !

[Author]

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