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View Poll Results: How many houses did you look at before buying?
1-5 6 14.63%
6-10 6 14.63%
11-30 12 29.27%
30-50 5 12.20%
51-100 9 21.95%
101 or more 3 7.32%
Voters: 41. You may not vote on this poll

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Old 01-27-2009, 05:40 PM
 
36 posts, read 124,928 times
Reputation: 21

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Dont worry guys you should look at as many as it takes but being how the national average is 1-8 homes consider the following.......

If you have a good realtor you should be able to see 6-8 homes in 1 day!

You might not really be that serious...........

Your expectations for what you can get for your money is too high.........

Not realistic in what your money will get you.........

Your realtor ,you might consider switching because they arent showing you homes that match your exact criteria

Hope this helps.............
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Old 01-27-2009, 05:54 PM
 
Location: South Jersey
7,780 posts, read 17,844,126 times
Reputation: 2295
we looked at at least 40 houses. It is hard to find the *perfect* house. Then when you do(as we did) you may find that the sellers eliminate that home for one reason or another. We had $$ down on three houses and contracts signed.. Each time the seller had an issue that was bad enough to break the contract. We finally found the house we love.. It is an older split level that was torn down to the studs and rebuilt with everything new.. I mean everything. We used to go on what I called 'whirlwind' Saturdays where we would look at 6-8 houses with our Realtor. It was tiring.

Scott, if you cannot find a house that is updated and in perfect condition for $500-600k, you are looking in the wrong place. Maybe you should rethink where you guys wanna live..
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Old 01-27-2009, 05:56 PM
 
1,536 posts, read 4,051,718 times
Reputation: 455
Quote:
Originally Posted by frankgn87 View Post
Scott, if you cannot find a house that is updated and in perfect condition for $500-600k, you are looking in the wrong place. Maybe you should rethink where you guys wanna live..
Or rethink when you're going to live there. Next year looks far better than this year.
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Old 01-27-2009, 06:04 PM
 
36 posts, read 124,928 times
Reputation: 21
Hey thats called speculation- or timing the market ...My advice on that....

DONT DO IT!!!

the media has turned us all into "economist"

Prices will not drop 10%-20% in Hoboken, Downtown Jersey City!

Or any suburb of NYC waterfront town, in fact waiting till next year might work against you

higher interest rates etc. In fact you would be lucky if Hoboken drops 1-2% this year.
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Old 01-27-2009, 06:09 PM
 
Location: New Jersey/Florida
5,374 posts, read 10,166,315 times
Reputation: 3497
One house that I bought that we lived in for several years I sent my wife to check it out. She called me and said it was ok and needed some work. She wanted it and I told her to put an offer on it. So an answer to your question and poll I should be put down as a zero. It's only a place where you sleep. Some people go to a 100 houses. To me I couldn't care less if it's a decent town. I must be a realtors dream.
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Old 01-27-2009, 06:09 PM
 
Location: South Jersey
7,780 posts, read 17,844,126 times
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I agree. by next year I believe that the housing will be well on its way back up and it will be to late to get the best deal. The bottom of the curve is right about now I think...
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Old 01-27-2009, 06:27 PM
 
1,536 posts, read 4,051,718 times
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Doesn't look like a we've reached the bottom around here; not by a long shot.


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Old 01-27-2009, 06:32 PM
 
Location: Mid-Atlantic
22,855 posts, read 21,918,275 times
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The property was not bad, 1/3 of an acre, but 5 year old dead and dying landscape installation. We're still working on it. It's in a great school district, one of the reasons we bought. The layout is not at all bad, but a bit weird in one area. The house had many improvements, the hardwood floors, granite counter tops, on and on. We had two general inspectors through, the termite guy, a radon test, you name it. The house is a money pit. All of the work PO had done on the house was either done cheaply or flat out wrong. We bought up because we thought that it didn't need much work. Big mistake.

Quote:
Originally Posted by Scott99999 View Post
Hello,

My wife and I have been looking at homes and don't want to get too discouraged by not finding a home in this market.

QUESTION: How many places did you look at before buying a home?

Also - as a bonus question - what eventually drove your final decision? Property, schools, layout, price, improvements, etc...?


THANKS!
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Old 01-27-2009, 06:53 PM
 
Location: NJ
12,284 posts, read 31,024,091 times
Reputation: 5195
Quote:
Originally Posted by frankgn87 View Post
I agree. by next year I believe that the housing will be well on its way back up and it will be to late to get the best deal. The bottom of the curve is right about now I think...
do you think real estate is a U shaped curve? do you think after we hit bottom prices are going to rise again ala 2001-2005? history and my gut tells me those days are over. looking at the last RE bust - prices were flat for about 9 YEARS - I hardly doubt this will be any different.
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Old 01-27-2009, 07:02 PM
 
Location: South Jersey
7,780 posts, read 17,844,126 times
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I don't think it will rise like it did in 01-05 but then again I don't think it will dip to the 1997 level either.. I think it may stay flat for a little while then maybe rise a bit in the near future..
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