[lionking]

well for now I'll jump in and say this.

My house sold last month in Cutler Bay after 11 months on the market.

My listing came down 30 grand during that time,I negotiated final sale 10 grand below my final listing.This was a house on a waterway,brand new AC,a remodeled inside and out to sellable condition.

People in my area unwilling to do this still have their house sitting on the market.I have seen some neighbors come down like I did and they sold also.One house in my area sold last year was put back on the market this year for 40 grand lower...ouch!But it seems it sold.

The people who bought my house,I think they will be happy with it and I had great neighbors,In happy to finally move on.Though I will still miss my area to a point.

I see areas that Im currently looking to possibly live at have come down about as much as mine did so it makes up for it.I have been traveling alot all over FL and smaller cities seem to have alot more houses for sale then Miami.

[cmj_fla]

What do you think will happen to interest rates when the bubble pops? Will they go up or down? I just bought and I am very happy with the price/area and my interest rate was below prime and I paid NO money to move in. I agree that maybe we should have waited but we were very worried that we would give up a great interest rate for a few thousand dollars off. Any thoughts?

[jaxcurious]

Where I come from, couples worked hard to buy a house. They saved up then when the kids came they put them in daycare and worked harder. They'd go to school nights to get masters degrees, and they'd sacrifice, all for the American dream. Some of the posters here think that everyone who works at Burger King has a right to own a house.

[kort677]

Originally Posted by jaxcurious

Where I come from, couples worked hard to buy a house. They saved up then when the kids came they put them in daycare and worked harder. They'd go to school nights to get masters degrees, and they'd sacrifice, all for the American dream. Some of the posters here think that everyone who works at Burger King has a right to own a house.

didn't you know that it's a god given right to own a 5k sq foot mansion on the beach ?

[Floridian to relocate]

Well said kort and jax, what ever happend to hard work pays off.

[macguy]

Originally Posted by lionking

well for now I'll jump in and say this.

My house sold last month in Cutler Bay after 11 months on the market.

My listing came down 30 grand during that time,I negotiated final sale 10 grand below my final listing.This was a house on a waterway,brand new AC,a remodeled inside and out to sellable condition.

People in my area unwilling to do this still have their house sitting on the market.I have seen some neighbors come down like I did and they sold also.One house in my area sold last year was put back on the market this year for 40 grand lower...ouch!But it seems it sold.

The people who bought my house,I think they will be happy with it and I had great neighbors,In happy to finally move on.Though I will still miss my area to a point.

I see areas that Im currently looking to possibly live at have come down about as much as mine did so it makes up for it.I have been traveling alot all over FL and smaller cities seem to have alot more houses for sale then Miami.

What you did was meet the buyers hesitation to buy, wanting to wait to see what will happen in a year. You essentially gave them next years price today. They would have no reason to not make the purchase now if they are really serious about buying. That's how you sell anyway. You look at what you have to sell and adjust the price accordingly, it needs a new roof, kitchen needs some remolding and so on. You allowed for a possible further price drop and built in an adjustment. No matter how you look at it, it all comes down to price.

[tallrick]

Originally Posted by cmj_fla

What do you think will happen to interest rates when the bubble pops? Will they go up or down? I just bought and I am very happy with the price/area and my interest rate was below prime and I paid NO money to move in. I agree that maybe we should have waited but we were very worried that we would give up a great interest rate for a few thousand dollars off. Any thoughts?

If I had my way interest rates would be over 10 percent. To me, the higher the better, it pops any bubble before it can grow. Even at 100 percent interest it wouldn't bother me a bit.

[cmj_fla]

Originally Posted by tallrick

If I had my way interest rates would be over 10 percent. To me, the higher the better, it pops any bubble before it can grow. Even at 100 percent interest it wouldn't bother me a bit.

I don't understand? Because it does not affect you and you do not want people to be able to buy at all?

[macguy]

Originally Posted by roco

Well you can easily lower your home sales prices by going with www.ephizz.com. You pay no commision so you can do a little more on making the yard look nicer or paint a little to sell your house faster and still make more money. If you don't have to pay the 6 or 7% to a realtor. So use a website like ephizz.com and you still make the same money for your house. Only for the people who are really sure they want to work with a realtor, well they have to pay and get less for their house. If you use a home inspector and even a lawyer to go over the sales contract, you still safe a lot of money with ephizz.com

It looks like almost every one of your posts has to do with promoting that website. Is that your website?

[tallrick]

Originally Posted by cmj_fla

I don't understand? Because it does not affect you and you do not want people to be able to buy at all?

Because it means that lazy people will no longer be able to flip. Property prices will have to fall to reality when easy money is not available. Doesn't anyone realize that lower property prices = more freedom? Borrowing money just puts money in the pockets of the idle rich, for doing basically nothing.