[persian54]

Originally Posted by O-cha

Fees don't have to be in the lease here, you get them from the loser if you acted in good faith. Cali sucks....

You're right.

It's due to a lot of people who live off of welfare and other government programs.

I don't mind helping those in need... but I honestly hate the way the programs are set up over here.
I'm a Republican so that probably is why... my vote never gets counted in CA

[infinitekidM2C]

I had to revive this thread since i'm going to enter the house-buying market soon..so
- What's the best time of year to buy, does it matter?
- The housing market is still down, what's the prospects for the next year or so?
- Are loans still difficult to obtain? will the lending ease up soon or not?

[Express]

Originally Posted by infinitekid2002

I had to revive this thread since i'm going to enter the house-buying market soon..so
- What's the best time of year to buy, does it matter?
- The housing market is still down, what's the prospects for the next year or so?
- Are loans still difficult to obtain? will the lending ease up soon or not?

smoke weed

[Pinarello Rider]

Originally Posted by infinitekid2002

I had to revive this thread since i'm going to enter the house-buying market soon..so
- What's the best time of year to buy, does it matter?
- The housing market is still down, what's the prospects for the next year or so?
- Are loans still difficult to obtain? will the lending ease up soon or not?

Housing market is going to suck for years. Waiting for the bottom is like trying to catch a falling knife. You might get lucky and get the handle.

Loans are easy to get if you have a 720+ credit score and 20% down. If you meet that criteria, it's a GREAT market to buy in.

[infinitekidM2C]

Originally Posted by express705

smoke weed

oh hai

Originally Posted by Pinarello Rider

Housing market is going to suck for years. Waiting for the bottom is like trying to catch a falling knife. You might get lucky and get the handle.

Loans are easy to get if you have a 720+ credit score and 20% down. If you meet that criteria, it's a GREAT market to buy in.

this is good news; i'm not an investor so im fine with a depressed housing market for a couple/few years...

[Q4P]

Originally Posted by Pinarello Rider

Housing market is going to suck for years. Waiting for the bottom is like trying to catch a falling knife. You might get lucky and get the handle.

Loans are easy to get if you have a 720+ credit score and 20% down. If you meet that criteria, it's a GREAT market to buy in.

pretty much...

Great time to invest too if you can wait. Pick up a foreclosure here and there and it is difficult to lose with some of these crazy deals around now.

[matthewk]

We are not even close to the bottom. IMHO.

[TMNT]

Originally Posted by matthewk

We are not even close to the bottom. IMHO.

Depends where you live....in the DC area, housing prices have been going back up.

But as they say, real estate is local and can differ greatly from city to city, state to state.

[matthewk]

Originally Posted by TMNT

Depends where you live....in the DC area, housing prices have been going back up.

But as they say, real estate is local and can differ greatly from city to city, state to state.

I speculate there's a little bump before taking another downturn all over.

[E90SoFlo]

Ok im a real estate agent and have been for many years.

1. Cash vs Financing doesn't matter, the seller gets a check when it closes either way.
2. Using a Realtor is free for a buyer, The seller pays the fee's.
3. The internet home value's are off, they can't take into a lot of affects that change the market.
4. If you choose to "lowball" you will loose a lot of homes, in (FL) we have multiple offers, same day, on every home we tell are clients to put offers in on, we have offers already signed that we just put the home info in for clients that are serious on.
5. The banks are "filtering" in foreclosures into the market, thats the only way they're not causing a HUGE market crash. They trickle homes in as more are sold.
6. Pricing is going up and down depending on your area. Ask for a CMA (comparable market analysis) of any home you'r interested in. Also ask them to see all the comps that have sold within the last 3 months that are inside a mile away.

Any questions feel free to PM me

[O-cha]

Originally Posted by E90SoFlo

Ok im a real estate agent and have been for many years.

1. Cash vs Financing doesn't matter, the seller gets a check when it closes either way.
2. Using a Realtor is free for a buyer, The seller pays the fee's.

1: It does make a difference, because most of the time perspective buyers are NOT pre approved, and if they are it's contingent on what the house values for and a few other factors, and sometimes even the pre approved buyers don't end up getting financing for a particular house or in both cases financing final approval can drag out. Cash buyers don't have those issues.

2: Seller pays the buyers fees if that was what was negotiated, otherwise the buyer usually does pay their Realtor, unless they have a really nice Realtor who's not charging any and providing their time for free....

You sure you're a real estate agent?

[MisterSkiMask]

Originally Posted by Pinarello Rider

Housing market is going to suck for years. Waiting for the bottom is like trying to catch a falling knife. You might get lucky and get the handle.

Loans are easy to get if you have a 720+ credit score and 20% down. If you meet that criteria, it's a GREAT market to buy in.

Listen to this guy.

Originally Posted by E90SoFlo

Ok im a real estate agent and have been for many years.

1. Cash vs Financing doesn't matter, the seller gets a check when it closes either way.
2. Using a Realtor is free for a buyer, The seller pays the fee's.
3. The internet home value's are off, they can't take into a lot of affects that change the market.
4. If you choose to "lowball" you will loose a lot of homes, in (FL) we have multiple offers, same day, on every home we tell are clients to put offers in on, we have offers already signed that we just put the home info in for clients that are serious on.
5. The banks are "filtering" in foreclosures into the market, thats the only way they're not causing a HUGE market crash. They trickle homes in as more are sold.
6. Pricing is going up and down depending on your area. Ask for a CMA (comparable market analysis) of any home you'r interested in. Also ask them to see all the comps that have sold within the last 3 months that are inside a mile away.

Any questions feel free to PM me

I have learned that #2 is not always true, but you can negotiate.

I am currently involved in a short sale (I don't think my chances are good for getting it, but we are working on it). Short sales are a pain in the ass, if you want to buy one, get preapproved, and don't have a time line in mind, they can drag out for months.

[Q4P]

Originally Posted by MisterSkiMask

Listen to this guy.



I have learned that #2 is not always true, but you can negotiate.

I am currently involved in a short sale (I don't think my chances are good for getting it, but we are working on it). Short sales are a pain in the ass, if you want to buy one, get preapproved, and don't have a time line in mind, they can drag out for months.

In one as well... Never again!!

They are the biggest pains in the ass in the entire world and banks that deal with them are the scummiest institutions anywhere. I have cash in hand and it has already stretched out over 3 months bcuz the bank is making up bullshit excuses.

[E90SoFlo]

Originally Posted by O-cha

1: It does make a difference, because most of the time perspective buyers are NOT pre approved, and if they are it's contingent on what the house values for and a few other factors, and sometimes even the pre approved buyers don't end up getting financing for a particular house or in both cases financing final approval can drag out. Cash buyers don't have those issues.

2: Seller pays the buyers fees if that was what was negotiated, otherwise the buyer usually does pay their Realtor, unless they have a really nice Realtor who's not charging any and providing their time for free....

You sure you're a real estate agent?

1. It doesn't, 99% of buyers are pre-approved (we don't show a buyer ANY home until they are). They're contingent on appraisals and inspections, but cash buyers should have the same contingencies in their offers.

2. Everything is negotiable. 99.99% of the time the seller pays the Buyer and seller agent fee's. Your statement is incorrect.

[ABQ325i]

1. Cash does have an advantage over financing, only because being pre-approved does not mean that financing is guaranteed, there are plenty of cases where a buyer has a piece of paper from the bank saying they are pre-approved for $xxxk but after the offer is accepted the bank doesn't feel so safe loaning them the money.

2. If a property is listed on the MLS then the seller IS paying the buyer's Realtor a commission. Part of the Realtor MLS listing rules, compensation must be offered.

[Pinarello Rider]

Wait - did you just tell someone to pay attention to one of my posts?

Mark the date kids, an internet first...

Originally Posted by MisterSkiMask

Listen to this guy.



I have learned that #2 is not always true, but you can negotiate.

I am currently involved in a short sale (I don't think my chances are good for getting it, but we are working on it). Short sales are a pain in the ass, if you want to buy one, get preapproved, and don't have a time line in mind, they can drag out for months.

[Pinarello Rider]

I pray you are right about #3. Everytime I look at Zillow I want to cry.

Originally Posted by E90SoFlo

Ok im a real estate agent and have been for many years.

1. Cash vs Financing doesn't matter, the seller gets a check when it closes either way.
2. Using a Realtor is free for a buyer, The seller pays the fee's.
3. The internet home value's are off, they can't take into a lot of affects that change the market.
4. If you choose to "lowball" you will loose a lot of homes, in (FL) we have multiple offers, same day, on every home we tell are clients to put offers in on, we have offers already signed that we just put the home info in for clients that are serious on.
5. The banks are "filtering" in foreclosures into the market, thats the only way they're not causing a HUGE market crash. They trickle homes in as more are sold.
6. Pricing is going up and down depending on your area. Ask for a CMA (comparable market analysis) of any home you'r interested in. Also ask them to see all the comps that have sold within the last 3 months that are inside a mile away.

Any questions feel free to PM me

[number335]

Freaken short sales and bank owned properties are killing the housing market. It's great for buyers, but they continue to lower property values. If you have the money, it's crazy what you can get for your money if you can get financing. Of course this is relative to where you live. Searching for a home in southern california was a long tedious process for me because of the lack of inventory. But a place like LV, you can purchase 3 bedroom homes for the price of an M3 since they overbuilt. Great time to invest in LV for rental property.

[O-cha]

Originally Posted by E90SoFlo

1. It doesn't, 99% of buyers are pre-approved (we don't show a buyer ANY home until they are). They're contingent on appraisals and inspections, but cash buyers should have the same contingencies in their offers.

2. Everything is negotiable. 99.99% of the time the seller pays the Buyer and seller agent fee's. Your statement is incorrect.

No, GETTING the financing is contingent on a lot of things. Even if you only deal with pre approved buyers, if you've never had one not get financing for a house under their budget you must not have sold that many houses.

Cash buyers do not have that issue, and it still takes time to finish pre approved financing and it CAN drag out, again, cash buyers don't have that problem.

[carogers86]

Funny to see this thread revived. I'm laying in the master bedroom of the house I bought (5 bedroom w/ 4 roommates. I profit ~$450 a month and pay 20% utilities (~$80). Nice having no mortgage.

Renters are way cool. Took me 3 months and several posts on craigslist to find right tenant dynamic. I'm 25, but my roommates are early to mid 40s males. Only one of them is home regularly.

Reading back about how tenants could screw up the house and how it's a disaster is comical. I think landlords put themselves in that situation if they let just anyone into their property. These guys are great, one guy keeps doing my dishes and the other keeps taking out the trash.

Maybe I am just lucky?

[MisterSkiMask]

Originally Posted by carogers86

Funny to see this thread revived. I'm laying in the master bedroom of the house I bought (5 bedroom w/ 4 roommates. I profit ~$450 a month and pay 20% utilities (~$80). Nice having no mortgage.

Renters are way cool. Took me 3 months and several posts on craigslist to find right tenant dynamic. I'm 25, but my roommates are early to mid 40s males. Only one of them is home regularly.

Reading back about how tenants could screw up the house and how it's a disaster is comical. I think landlords put themselves in that situation if they let just anyone into their property. These guys are great, one guy keeps doing my dishes and the other keeps taking out the trash.

Maybe I am just lucky?

Congrats on putting yourslef in a great situation, just remember it is finite, you won't want roomies forever. With positive cash flow, you can just rent out your room and buy another place when you are sick of living with a bunch of dudes, or when a woman gets involved.

I had a good experience when a buddy of mine rented a room from me, its all about who your renters are.

[carogers86]

That's the plan. Planning on moving out a year from now to buy another place. Going to do this gig until I'm 30-32. Hopefully get married and have enough for my own place w/ out roommates.

Originally Posted by MisterSkiMask

Congrats on putting yourslef in a great situation, just remember it is finite, you won't want roomies forever. With positive cash flow, you can just rent out your room and buy another place when you are sick of living with a bunch of dudes, or when a woman gets involved.

I had a good experience when a buddy of mine rented a room from me, its all about who your renters are.