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  • April 13, 2011 at 5:10 PM in reply to: Taking the plunge #687639
    hmc
    Participant

    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…

    April 13, 2011 at 5:02 PM in reply to: Taking the plunge #687644
    hmc
    Participant

    [quote=bearishgurl][quote=hmc]Market condition (interest rate, job market and overall housing recovery/dip) far outweights seasonal things. Waiting is always a gamble… and odds are usually against you.[/quote]

    Agree with this except for the fact that if a buyer has insufficient downpayment funds or is trying to pay off a debt to improve their ratios, then waiting is what they SHOULD DO while they get their “personal house” in order first – before attempting to purchase a “tangible house.”

    One caveat is if the buyer’s credit and ratios and good to excellent, they are pre-approved for a mortgage and they have 15% down available (instead of 20%), they can make offers now on properties for which they would have a 20% downpayment for … that is, properties listed in a lesser-expensive price range. If they don’t wish to do that, then they need to save more $$ before making offers.[/quote]

    If they don’t have $$ for downpayment, they are not ready for a house and they will not able to catch any opportunities anyways even if they recognize the opportunity… Too bad …

    April 13, 2011 at 5:02 PM in reply to: Taking the plunge #686475
    hmc
    Participant

    [quote=bearishgurl][quote=hmc]Market condition (interest rate, job market and overall housing recovery/dip) far outweights seasonal things. Waiting is always a gamble… and odds are usually against you.[/quote]

    Agree with this except for the fact that if a buyer has insufficient downpayment funds or is trying to pay off a debt to improve their ratios, then waiting is what they SHOULD DO while they get their “personal house” in order first – before attempting to purchase a “tangible house.”

    One caveat is if the buyer’s credit and ratios and good to excellent, they are pre-approved for a mortgage and they have 15% down available (instead of 20%), they can make offers now on properties for which they would have a 20% downpayment for … that is, properties listed in a lesser-expensive price range. If they don’t wish to do that, then they need to save more $$ before making offers.[/quote]

    If they don’t have $$ for downpayment, they are not ready for a house and they will not able to catch any opportunities anyways even if they recognize the opportunity… Too bad …

    April 13, 2011 at 5:02 PM in reply to: Taking the plunge #686531
    hmc
    Participant

    [quote=bearishgurl][quote=hmc]Market condition (interest rate, job market and overall housing recovery/dip) far outweights seasonal things. Waiting is always a gamble… and odds are usually against you.[/quote]

    Agree with this except for the fact that if a buyer has insufficient downpayment funds or is trying to pay off a debt to improve their ratios, then waiting is what they SHOULD DO while they get their “personal house” in order first – before attempting to purchase a “tangible house.”

    One caveat is if the buyer’s credit and ratios and good to excellent, they are pre-approved for a mortgage and they have 15% down available (instead of 20%), they can make offers now on properties for which they would have a 20% downpayment for … that is, properties listed in a lesser-expensive price range. If they don’t wish to do that, then they need to save more $$ before making offers.[/quote]

    If they don’t have $$ for downpayment, they are not ready for a house and they will not able to catch any opportunities anyways even if they recognize the opportunity… Too bad …

    April 13, 2011 at 5:02 PM in reply to: Taking the plunge #687149
    hmc
    Participant

    [quote=bearishgurl][quote=hmc]Market condition (interest rate, job market and overall housing recovery/dip) far outweights seasonal things. Waiting is always a gamble… and odds are usually against you.[/quote]

    Agree with this except for the fact that if a buyer has insufficient downpayment funds or is trying to pay off a debt to improve their ratios, then waiting is what they SHOULD DO while they get their “personal house” in order first – before attempting to purchase a “tangible house.”

    One caveat is if the buyer’s credit and ratios and good to excellent, they are pre-approved for a mortgage and they have 15% down available (instead of 20%), they can make offers now on properties for which they would have a 20% downpayment for … that is, properties listed in a lesser-expensive price range. If they don’t wish to do that, then they need to save more $$ before making offers.[/quote]

    If they don’t have $$ for downpayment, they are not ready for a house and they will not able to catch any opportunities anyways even if they recognize the opportunity… Too bad …

    April 13, 2011 at 5:02 PM in reply to: Taking the plunge #687292
    hmc
    Participant

    [quote=bearishgurl][quote=hmc]Market condition (interest rate, job market and overall housing recovery/dip) far outweights seasonal things. Waiting is always a gamble… and odds are usually against you.[/quote]

    Agree with this except for the fact that if a buyer has insufficient downpayment funds or is trying to pay off a debt to improve their ratios, then waiting is what they SHOULD DO while they get their “personal house” in order first – before attempting to purchase a “tangible house.”

    One caveat is if the buyer’s credit and ratios and good to excellent, they are pre-approved for a mortgage and they have 15% down available (instead of 20%), they can make offers now on properties for which they would have a 20% downpayment for … that is, properties listed in a lesser-expensive price range. If they don’t wish to do that, then they need to save more $$ before making offers.[/quote]

    If they don’t have $$ for downpayment, they are not ready for a house and they will not able to catch any opportunities anyways even if they recognize the opportunity… Too bad …

    April 13, 2011 at 4:49 PM in reply to: Taking the plunge #687277
    hmc
    Participant

    bearishgurl, It’s REO/short sales that brought down the market in early 2009, right?

    April 13, 2011 at 4:49 PM in reply to: Taking the plunge #687134
    hmc
    Participant

    bearishgurl, It’s REO/short sales that brought down the market in early 2009, right?

    April 13, 2011 at 4:49 PM in reply to: Taking the plunge #686516
    hmc
    Participant

    bearishgurl, It’s REO/short sales that brought down the market in early 2009, right?

    April 13, 2011 at 4:49 PM in reply to: Taking the plunge #686460
    hmc
    Participant

    bearishgurl, It’s REO/short sales that brought down the market in early 2009, right?

    April 13, 2011 at 4:49 PM in reply to: Taking the plunge #687629
    hmc
    Participant

    bearishgurl, It’s REO/short sales that brought down the market in early 2009, right?

    April 13, 2011 at 4:29 PM in reply to: Taking the plunge #687115
    hmc
    Participant

    I guess people just forget about things in a matter of 2 years…

    In many cases, people who bought their homes in early 2009 and refinanced late last year (around Oct) have absolutely life-time deals, in my opinion.

    April 13, 2011 at 4:29 PM in reply to: Taking the plunge #687256
    hmc
    Participant

    I guess people just forget about things in a matter of 2 years…

    In many cases, people who bought their homes in early 2009 and refinanced late last year (around Oct) have absolutely life-time deals, in my opinion.

    April 13, 2011 at 4:29 PM in reply to: Taking the plunge #686496
    hmc
    Participant

    I guess people just forget about things in a matter of 2 years…

    In many cases, people who bought their homes in early 2009 and refinanced late last year (around Oct) have absolutely life-time deals, in my opinion.

    April 13, 2011 at 4:29 PM in reply to: Taking the plunge #687609
    hmc
    Participant

    I guess people just forget about things in a matter of 2 years…

    In many cases, people who bought their homes in early 2009 and refinanced late last year (around Oct) have absolutely life-time deals, in my opinion.

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Viewing 15 posts - 31 through 45 (of 81 total)
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