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I'm just trying to get a feel for the Real Estate Market this year and I'm looking for responses that are mainly BRIEF and to the POINT ! (I'm also kindly asking Realtors to NOT post in this thread please )
1) Please post if you are planning to SELL your home? When (spring, summer, fall, or currently listed)? And whether or not you will go with a Realtor or FSBO? Also let us know the city and state, if you feel comfortable doing so .
Currently for sale in the St. George, UT area. We have a good agent, who helped us buy this house, have been on the market since early October, have had quite a few buyers come look, two lousy offers, one was to rent/lease for 3 years with only 10,000 down and us carry the loan at 6%..they can only put 10,000 down cuz they want to put in a pool..say what! plus they have 5 kids...that scenario screws us because our money is tied up for 3 years...we would have to rent somewhere...and my house would be trashed (we met the kids, take my word for it) the 2nd offer was for 125,000 less than our asking price, which was ridiculous in our market.
2) Next, please let us know if you are planning to BUY after you sell; prior to selling; or have no home to sell prior to buying? Will you use a Realtor to buy or go it alone? Again, where are you looking to buy (don't answer this if you do not want to )!
We are going to buy in this area when we sell, we are downsizing in size and price, we are retired and this is too much house for us. we will use our current agent.
3) If you are selling and will not buy another home right away, WHY NOT ? (i.e. is all the MEDIA coverage affecting your buying decisions or has the Mortgage situation affected you negatively, etc.?)
The only reason we would not buy right away is not finding the right place at the right price. We have a little vacation mobile home in WA state we can go to temporarily while we figure it out. Not worried about a mortgage, we are hoping to have a small mortgage after our downpayment.
Thats my story and I'm sticking to it!
Thanks in advance for your honest posts !! I'm betting that there are others that want to buy a home, but can't, due to factors other than the Media or waiting for prices to bottom out .
Here are my answers:
1) Selling - Spring - FSBO/Flat Fee - Boise, ID
2) Want to Buy, but uncertain if I will be able to find the right home, at the right price, at the right time once my home sells !!! Will look on my own and only use a Realtor if necessary.
3) Media coverage HAS NOT affected my decisions, but the changes in the Mortgage market definitely have !
On a final note, I could have sold my home last fall except for the domino effect of the 'buyers' not being able to sell their home first ! My theory is that there are still BUYERS out there , but if someone won't buy their home, then they can't buy my home either !!
So 2008 will be a VERY CHALLENGING year due to the DOMINO EFFECT and the MORTGAGE MESS (DEATMM ) in my very knowledgeable, but humble opinion !
Anyone else plan on BUYING or SELLING this year ?????
Quote:
Originally Posted by HDL
I'm just trying to get a feel for the Real Estate Market this year and I'm looking for responses that are mainly BRIEF and to the POINT ! (I'm also kindly asking Realtors to NOT post in this thread please )
1) Please post if you are planning to SELL your home? When (spring, summer, fall, or currently listed)? And whether or not you will go with a Realtor or FSBO? Also let us know the city and state, if you feel comfortable doing so .
2) Next, please let us know if you are planning to BUY after you sell; prior to selling; or have no home to sell prior to buying? Will you use a Realtor to buy or go it alone? Again, where are you looking to buy (don't answer this if you do not want to )!
3) If you are selling and will not buy another home right away, WHY NOT ? (i.e. is all the MEDIA coverage affecting your buying decisions or has the Mortgage situation affected you negatively, etc.?)
Thanks in advance for your honest posts !! I'm betting that there are others that want to buy a home, but can't, due to factors other than the Media or waiting for prices to bottom out .
Here are my answers:
1) Selling - Spring - FSBO/Flat Fee - Boise, ID
2) Want to Buy, but uncertain if I will be able to find the right home, at the right price, at the right time once my home sells !!! Will look on my own and only use a Realtor if necessary.
3) Media coverage HAS NOT affected my decisions, but the changes in the Mortgage market definitely have !
On a final note, I could have sold my home last fall except for the domino effect of the 'buyers' not being able to sell their home first ! My theory is that there are still BUYERS out there , but if someone won't buy their home, then they can't buy my home either !!
So 2008 will be a VERY CHALLENGING year due to the DOMINO EFFECT and the MORTGAGE MESS (DEATMM ) in my very knowledgeable, but humble opinion !
Quote:
Originally Posted by HDL
4) If you are selling and buying, are you buying UP? or DOWN?
(for example: Sales price of your current home = $500K; New home purchase price = $300K - therefore you are buying DOWN )
I will be buying : DOWN ! Hoping to halfsize my home and mortgage !!! WOOHOO !
We have our condo listed in Owings Mills Md (Baltimore suburb) at $218k. It is with a Realtor. We plant to buy IF we find what we like in our price range in Columbia MD (between Baltimore & Washington) ~$300k. We are buying up - going from a 2br2bth condo to a 3 or 4 br sfh because we have 2 kids and plan on 1 more. Also, a better school system for the kids and for me to teach. Oh, we plan to use the same Realtor for both.
There are no facts to back up this statement just doom and gloom conjecture seemingly meant to foment anger.
You've got to be kidding me. We're in the process of deflating the biggest real estate bubble in the history of our nation. Americans are saddled with more debt than ever before. Our country is in a recession. The FED is attempting to inflate away our problems by devaluing the dollar. Yeah, sounds like the environment is just right for prices to shoot up!
You've got to be kidding me. We're in the process of deflating the biggest real estate bubble in the history of our nation. Americans are saddled with more debt than ever before. Our country is in a recession. The FED is attempting to inflate away our problems by devaluing the dollar. Yeah, sounds like the environment is just right for prices to shoot up!
No I'm not kidding. I'm not ignorant to the financial issues of today but to say everyone who buys this year is looking at a 20% loss is not a rational statement nor one to be take seriously. Is there and will there be losses this year? Without question. Will people who buy this year lose 20%? I highly doubt it unless they buy AND sell this year. Runing around screaming the sky is falling does no one any good, instead it makes the screamer look like a loon.
No I'm not kidding. I'm not ignorant to the financial issues of today but to say everyone who buys this year is looking at a 20% loss is not a rational statement nor one to be take seriously. Is there and will there be losses this year? Without question. Will people who buy this year lose 20%? I highly doubt it unless they buy AND sell this year. Runing around screaming the sky is falling does no one any good, instead it makes the screamer look like a loon.
Thank you.
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! (I'm also kindly asking Realtors to NOT post in this thread please 
)
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)!
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, but if someone won't buy their home, then they can't buy my home either 
SPRING has officially SPRUNG!!!!
