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Old 01-07-2009, 11:25 PM
 
382 posts, read 1,092,696 times
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Quote:
Originally Posted by Wysiwyg View Post
cant go wrong with sugarland
And Wysiwyg - I cannot believe you had a positive post!

Happy New Year!
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Old 01-08-2009, 08:39 AM
 
398 posts, read 922,489 times
Reputation: 277
I think you should buy if you can. Interest rates are low. However, I believe Sugar Land is more of a seller's market. You will be saving money with the low interest rates.
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Old 01-08-2009, 03:25 PM
 
488 posts, read 1,260,067 times
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Thanks for all the post! I feel so torn about what to do...aghhhhhhhhh
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Old 02-07-2009, 12:53 PM
 
132 posts, read 523,479 times
Reputation: 54
These are two contrasting views about it.. Simple common sense ..

Five reasons buying a house now is a wise move

Five reasons buying a home in 2009 is a bad idea
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Old 02-07-2009, 01:44 PM
 
Location: Charleston Sc and Western NC
9,274 posts, read 22,777,133 times
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I would be very fast to say DO NOT buy in a brand new development.

You can buy a new house in a development that is finishing up. But no way in this economy would I buy into the new MPC's.

There are some SANE amendments being presented in the stupid Spendulus package that would credit home buyers 15,000 dollars. It might be worth waiting for.
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Old 02-07-2009, 02:40 PM
 
2,582 posts, read 7,676,785 times
Reputation: 1910
I don't know if it is just me, but all of the sudden it has been very busy in the market. Everyone froze last summer waiting to see what the economy was doing, then Ike hit and of course the Holidays are never gang-buster selling time in real estate. Nothing was moving.

So now you have sellers that have sat through all of that and have softened up on their prices some as a result, combined with really low interest rates. I also tend to think (and this is pure conjecture on my part) that people are just sick of waiting around worrying about what the economy is going to do. They are ready to just get on with moving and getting a new place, if that has been one of their big goals that they have had on hold. The incredibly low interest rates and some of the better prices are luring people out.

If oil gets back up to $60 a barrel soon then I think we may have seen the worst of it in the housing market. Then again I could be full of it and wishful thinking. (wouldn't be the first time).

Right now I am looking at one of the most productive Februarys I think I have ever had. Maybe a fluke, but I am crossing my fingers it is the beginning of a trend.
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Old 02-07-2009, 08:08 PM
 
Location: Austin, TX
4,751 posts, read 12,046,812 times
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I am seeing houses in desirable neighborhoods getting snapped up rather fast and inventory is a lot lower than the media buzz about a buyer's market would have you believe. It is rather frustrating as we sold a house in a buyer's market before we moved here and I was hoping to find a screaming deal to make up for our loss from that transaction!
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Old 02-07-2009, 08:30 PM
 
488 posts, read 1,260,067 times
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We decided to wait until Spring/Summer 2010...so about a year from now. We are going to look at various areas this summer and decide if we want to build or buy.
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Old 02-07-2009, 10:21 PM
 
38 posts, read 82,483 times
Reputation: 15
As a mortgage loan officer, I can tell you IF you are getting a great home that you are comfortable and can afford, buy now! The tax credit/loan is probably going to go from $7500 to $15,000 with the stimulus bill. 2009 or begginning of 2010 should be bottom market. If you wait too long, you will miss it as nobody knows when we are in the bottom until it is over. Don't forget the tax advantages as well from the mortgage interest.

Anyhow, I am writing this as advice only, so of course you have to feel comfortable and be the one to decide. You should also be excited when you are ready, and relax, and enjoy! It is a fun time. Good luck!!
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Old 02-07-2009, 11:22 PM
 
132 posts, read 523,479 times
Reputation: 54
I generally agree with your post except that Don't forget the tax advantages as well from the mortgage interest

If you spend a dollar and get back, say, 28 cents, how come its an advantage ? Compared to "you dont spend anything and do not get back anything"

I think it may take some time for people to realize that home is an expense (Food-clothing-shelter all are expenses) and tax/intrest is an add-on expense for a home.

Quote:
Originally Posted by jbhawkeye View Post
As a mortgage loan officer, I can tell you IF you are getting a great home that you are comfortable and can afford, buy now! The tax credit/loan is probably going to go from $7500 to $15,000 with the stimulus bill. 2009 or begginning of 2010 should be bottom market. If you wait too long, you will miss it as nobody knows when we are in the bottom until it is over. Don't forget the tax advantages as well from the mortgage interest.

Anyhow, I am writing this as advice only, so of course you have to feel comfortable and be the one to decide. You should also be excited when you are ready, and relax, and enjoy! It is a fun time. Good luck!!

Last edited by Houston456; 02-07-2009 at 11:38 PM..
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