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Pumpkin
LIF Adult
Member since 5/05 3353 total posts
Name:
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? for those house hunting
Considering the financial state of the country and the banks are you still actively looking or putting getting a mortgage on hold?
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Posted 9/26/08 2:48 PM  |
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Prudential Douglas Elliman Real Estate
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MrsS2005
Mom of 3
Member since 11/05 13118 total posts
Name:
B
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Re: ? for those house hunting
We've been house hunting for over a year. We made an offer on a house this week, which the sellers accepted. We were ready to buy a house and haven't let the economy affect our decision.
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| Posted 9/26/08 2:52 PM |
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Pumpkin
LIF Adult
Member since 5/05 3353 total posts
Name:
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Re: ? for those house hunting
Posted by MrsS2005
We've been house hunting for over a year. We made an offer on a house this week, which the sellers accepted. We were ready to buy a house and haven't let the economy affect our decision.
Great! Congratulations. Where is the house?
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| Posted 9/26/08 2:57 PM |
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MrsS2005
Mom of 3
Member since 11/05 13118 total posts
Name:
B
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Re: ? for those house hunting
Posted by Pumpkin
Posted by MrsS2005
We've been house hunting for over a year. We made an offer on a house this week, which the sellers accepted. We were ready to buy a house and haven't let the economy affect our decision.
Great! Congratulations. Where is the house?
Thanks. I'm in CT. 
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| Posted 9/26/08 3:07 PM |
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neener1211
:-)
Member since 4/07 22952 total posts
Name:
J
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Re: ? for those house hunting
We are in contract on a house, and we are not letting anything affect us getting a mortgage.
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| Posted 9/26/08 3:26 PM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: ? for those house hunting
it's on hold!!
it's our opinion that the housing here is over-valued and we're willing to wait it out some more.
houses are down approx 10% from 2 yrs ago when we first started. should be interesting to see what happens with this latest mess
Message edited 9/26/2008 8:45:06 PM.
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| Posted 9/26/08 8:44 PM |
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HillW9608
Hello Summer!
Member since 5/08 5916 total posts
Name:
Hill
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Re: ? for those house hunting
If we sold for what we're hoping for we wouldnt wait.. god only knows what the economy is going to be like in a year or 2.
Our home is for sale, FM me for info LOL 
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| Posted 9/26/08 9:22 PM |
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charon54
My two boys!
Member since 5/05 7279 total posts
Name:
Rebecca
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Re: ? for those house hunting
We are planning on looking in March. We have not changed these plans, though we are concerned about getting back our money on our home. We still believe our home is valued more than what we paid, so hopefully we can break even.
I am not worried about getting a mortgage as we have great credit.
Message edited 9/26/2008 9:35:25 PM.
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| Posted 9/26/08 9:34 PM |
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Goobster
:)
Member since 5/07 27557 total posts
Name:
:)
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Re: ? for those house hunting
Still looking. We want to find our next home before selling our current, so we may just rent our home if we can't sell it for what we would like to make our $ back.
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| Posted 9/27/08 7:12 AM |
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whyteach
LIF Adult
Member since 8/06 2697 total posts
Name:
Christina
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Re: ? for those house hunting
WE decided we are going to wait until FEb to put our house on the market. To be honest at this point I'd be afraid to have it on the market. With the wuestion of getting loans and the economy the way it is..I wouldnt want to chance anything
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| Posted 9/27/08 9:10 AM |
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Kidsaplenty
Sister love
Member since 2/06 5971 total posts
Name:
Stephanie
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Re: ? for those house hunting
If we found a house that we loved we'd go for it. But after watching some houses drop their prices by 30-50,000 I think we'll wait out the winter.
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| Posted 9/27/08 9:15 AM |
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PreshusSmurf
So in love with my little guys
Member since 1/07 2963 total posts
Name:
Jess
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Re: ? for those house hunting
we have put it on hold.
we need to see what happens with housing prices, the economy, and also we decided that rather than trying to purchase with 5% down, we would rather save up to hopefully put down a larger down payment.
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| Posted 9/27/08 3:16 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: ? for those house hunting
orginally we were going to buy a house right away in FL
but we are now going to rent first (or I might even be able to live in a corporate apartment- which would be awesome)
I just feel like there isn't any margin for error in the FL market- if we hate the house or area- I am nervous to have to sell it in 5 years or less
this is going to be our forever house - so I want to take my time and make sure that it's the most stable investment I can make - we would really like to find something on the water if possible if we can find it in our price range (foreclosure or short sale)
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| Posted 9/27/08 3:32 PM |
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maddysmommy
LIF Infant
Member since 8/08 304 total posts
Name:
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Re: ? for those house hunting
We are on hold.
I know it will be tougher to get a mortgage, but with the housing market so over priced over the past few years, I 'll take my chances.
Worst case scenario... we could always move out of state...
Hopefully, the market will become fair again, and prices will come down. 
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| Posted 9/28/08 6:19 PM |
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05mommy09
Family of 5!
Member since 5/05 15364 total posts
Name:
<3 Mommy <3
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Re: ? for those house hunting
We are no longer "looking"
DH just got into a promotional program, and when its completed he will have to remain in NY for 18 months...
We are seriously considering moving to GA again....
I have no intentions of buying if we are going to move... Dont want to take the risk of losing $$$$
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| Posted 9/28/08 8:29 PM |
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LINewbie
Tigger the the Rescue!
Member since 8/08 5647 total posts
Name:
LB
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Re: ? for those house hunting
We are in contract and if something happens we'll delay the search again.... more because we had been planning to buy next year instead of this year. But I also think prices will keep falling.
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| Posted 10/1/08 12:06 PM |
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jen919ifer
LIF Adolescent
Member since 7/08 803 total posts
Name:
Jennifer
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Re: ? for those house hunting
We have been actively looking since June, we go out once a week, and I am getting sooo sick of it !! We are determined to find a house, but it seems that there is a lot fo crap out there !! I think homeowners don't want to accept that it has been almost 2 years since the housing bubble, and they have to work with us buyers a bit. Their houses inflated by an astronomical amount, and they arnen't going to get that today, so lower your prices so I can buy a house LOL. We have 20% and a pre-approval so we are ready to go !
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| Posted 10/1/08 12:17 PM |
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Erica
LIF Adult
Member since 5/05 11767 total posts
Name:
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Re: ? for those house hunting
Posted by charon54
We are planning on looking in March. We have not changed these plans, though we are concerned about getting back our money on our home. We still believe our home is valued more than what we paid, so hopefully we can break even.
I am not worried about getting a mortgage as we have great credit.
this is where we are...but we will list our house in the late spring and won't bid until we are at least in contract
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| Posted 10/1/08 2:24 PM |
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Re: ? for those house hunting
We already tried without success to sell our house. It was on the market from Jan. to July. Since things are worse now, we are definitely not going to try again until next year at the earliest.
I never thought I'd say this, but I miss LI and really want to move back, and now I can't. 
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| Posted 10/1/08 2:58 PM |
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Sandy55
My family ROCKS!!!
Member since 2/08 1219 total posts
Name:
Sandy
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Re: ? for those house hunting
We are still looking!
I heard someone say there is no "credit" out there.
Are banks even giving out loans?
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| Posted 10/1/08 3:48 PM |
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Sassyz75
Turning a new page
Member since 5/05 9731 total posts
Name:
Dina
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Re: ? for those house hunting
we suspended.. aren't looking and let our pre-approval expire. I think the prices will come down some more for the market to even out- too much inventory out there.
There is credit out there but I think it's pretty hard to come by.
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| Posted 10/1/08 3:54 PM |
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MrsD06
LIF Toddler
Member since 9/07 478 total posts
Name:
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Re: ? for those house hunting
Posted by Sandy55
We are still looking!
I heard someone say there is no "credit" out there.
Are banks even giving out loans?
yes, but they are getting a lot more strict. Yo should be fine if you have excellent credit. If you're credit is less than excellent, but still "ok" (say below 700) you may also have to pay a higher interest rate if you have less than 20% for a down payment...they recently revised the rules on this, from what I understand
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| Posted 10/1/08 6:28 PM |
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nov04libride
big brother <3
Member since 5/05 14672 total posts
Name:
Me
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Re: ? for those house hunting
Posted by MrsD06
Posted by Sandy55
We are still looking!
I heard someone say there is no "credit" out there.
Are banks even giving out loans?
yes, but they are getting a lot more strict. Yo should be fine if you have excellent credit. If you're credit is less than excellent, but still "ok" (say below 700) you may also have to pay a higher interest rate if you have less than 20% for a down payment...they recently revised the rules on this, from what I understand
We were again approved last week with no problem whatsoever, but we both have credit scores of 780+ and we have over 20% to put down. We were also approved for homes $150,000 more than where we are looking, so we are being incredibly conservative.
I actually think it may become easier for us looking now since they are becoming more strict, and it will cut out those with lower scores or a lower % DP.
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| Posted 10/1/08 7:43 PM |
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