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julybride0706
LIF Adult
Member since 3/07 1376 total posts
Name:
kaitlyn
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Looking to buy a home in the next... (POLL)
from my conversations with people, this is what i've been hearing....
1) some people think is a great time to buy b/c the prices are good and the interest rates are low. the market will rebound soon.
2) market have too much inventory, prices will go down more in the next few months.
3) expect more houses to be on the market soon and will not recover for at least another 2 years. wait until next year to look.
reason why i'm asking: dh and i are not on the same page 
for those looking to buy, when are you looking to buy?
eta: i want to start looking at opening houses now and he wants to start at the end of the year 
Message edited 4/24/2008 6:23:34 PM.
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Posted 4/24/08 3:09 PM  |
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CaMacho
Sisters :)
Member since 7/06 15112 total posts
Name:
Jess
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Re: Looking to buy a home in the next... (POLL)
We're in contract and closing in May!!
When we were looking at homes we weren't in a rush... we always said if we found a great deal we'd put in an offer, but if not we wouldn't rush into anything. It's such a buyers market where we live.
Well, we ended up finding an amazing deal (foreclosure) and jumped on it.
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| Posted 4/24/08 3:23 PM |
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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: Looking to buy a home in the next... (POLL)
My DH & I are not exactly on the same page yet either, so I know how you feel.
In general, I know he is a very cautious person and wants to wait until the absolute last second to do something .... On the other hand, I am completely the opposite.
I would buy NOW, he would wait 6+ months to purchase, but he is willing to go out looking casually now at open houses .... I think we will compromise and be ready to pull the trigger and buy in around 3 months.
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| Posted 4/24/08 3:29 PM |
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strawberry13
LIF Infant
Member since 8/07 245 total posts
Name:
K
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Re: Looking to buy a home in the next... (POLL)
Our Co-op is on the market. As soon as we have a buyer, we are going to look more seriously..
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| Posted 4/24/08 3:40 PM |
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GoldenRod
10 years on LIF!
Member since 11/06 26792 total posts
Name:
Shawn
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Re: Looking to buy a home in the next... (POLL)
Housing prices fluctuate. Everyone can make every guess they want, but it's still just a guess. Odds are, prices will drop a little more, but you never know. Something could trigger the market to pick up next week, and prices could be 10% more within a month. I would focus more on finding the house you want, rather than WHEN you want it. If you find a house you love, buy it. If not, keep looking. Nobody can tell exactly what the market will do, or when it will change.
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| Posted 4/24/08 3:46 PM |
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julybride0706
LIF Adult
Member since 3/07 1376 total posts
Name:
kaitlyn
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Re: Looking to buy a home in the next... (POLL)
Posted by GoldenRod
Housing prices fluctuate. Everyone can make every guess they want, but it's still just a guess. Odds are, prices will drop a little more, but you never know. Something could trigger the market to pick up next week, and prices could be 10% more within a month. I would focus more on finding the house you want, rather than WHEN you want it. If you find a house you love, buy it. If not, keep looking. Nobody can tell exactly what the market will do, or when it will change.
that's what i've been trying to get thru him
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| Posted 4/24/08 3:49 PM |
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Sandy55
My family ROCKS!!!
Member since 2/08 1219 total posts
Name:
Sandy
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Re: Looking to buy a home in the next... (POLL)
Posted by GoldenRod
Housing prices fluctuate. Everyone can make every guess they want, but it's still just a guess. Odds are, prices will drop a little more, but you never know. Something could trigger the market to pick up next week, and prices could be 10% more within a month. I would focus more on finding the house you want, rather than WHEN you want it. If you find a house you love, buy it. If not, keep looking. Nobody can tell exactly what the market will do, or when it will change.
exactly..I agree.
We are looking for homes right now....but are NOT rushing. If we find a great deal....we'll grab it...if not....we'll move onto the next one.
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| Posted 4/24/08 3:55 PM |
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ali120206
2 Boys
Member since 7/06 17792 total posts
Name:
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Re: Looking to buy a home in the next... (POLL)
Posted by GoldenRod
Housing prices fluctuate. Everyone can make every guess they want, but it's still just a guess. Odds are, prices will drop a little more, but you never know. Something could trigger the market to pick up next week, and prices could be 10% more within a month. I would focus more on finding the house you want, rather than WHEN you want it. If you find a house you love, buy it. If not, keep looking. Nobody can tell exactly what the market will do, or when it will change.
Very well said!
We weren't in a rush to buy when we started looking last year- and we found something that was perfect right away.
Our rate is good (better than some of the rates people have been posting they were given recently) and I don't think our house price would have dropped less than we paid over the past year. I think it would have sold for the same - if not slightly more (a house around the block with similar specs went for $16k more late last year and needs a lot more work).
You can't time the market.
Message edited 4/24/2008 4:16:49 PM.
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| Posted 4/24/08 4:15 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: Looking to buy a home in the next... (POLL)
12 to 18 months for us
DH thinks it will level off after then
and then rebound
he predicted everything else correctly- so I am going with him on this one
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| Posted 4/24/08 4:28 PM |
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KrisT
Two Boys for Me!!
Member since 1/07 5213 total posts
Name:
Kristin
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Re: Looking to buy a home in the next... (POLL)
As soon as get our act together, we are going to put our coop on the market. We will see how that goes and then look to buy something else. We are in no rush and it all depends on the sale of our coop.
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| Posted 4/24/08 4:30 PM |
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MrsS2005
Mom of 3
Member since 11/05 13118 total posts
Name:
B
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Re: Looking to buy a home in the next... (POLL)
We're trying to buy now. We've been looking since August, but haven't found anything we love. I hope we find something by the summer.
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| Posted 4/24/08 6:14 PM |
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itkocak
Member since 7/07 7639 total posts
Name:
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Re: Looking to buy a home in the next... (POLL)
Message edited 11/18/2011 5:00:35 PM.
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| Posted 4/24/08 7:17 PM |
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alisha
LIF Adult
Member since 3/07 1199 total posts
Name:
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Re: Looking to buy a home in the next... (POLL)
We want to buy an apartment in Manhattan, so who knows if the prices will get any better?
My guess is no - I think Manhattan is still a VERY strong market.
But if we need at least 10% down - maybe 20% for a coop - we are looking at a LOT of money (esp. for first time buyers- we have no equity to draw from) so we will be stuck renting for at least another 12 months - maybe 24.
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| Posted 4/24/08 9:46 PM |
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Erica
LIF Adult
Member since 5/05 11767 total posts
Name:
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Re: Looking to buy a home in the next... (POLL)
If you have the down payment, find something you like and plan on being in there for at least 5 years I wouldn't wait.
When we first started looking in 2003, DH's friend told us don't do it - the bubbles going to burst. sure...3 years later...we bought and made a very nice profit...thankfully we didn't listen to him.
we plan on selling in 2 years, but for us if we buy now low, we also sell low - so besides interest rates, we are waiting for the market to go up, so we have an even better down payment for the next place.
FWIW - I just heard/read that if the current sale rate continues, it would take 3 years for all the current houses on MLS to sell!!! talk about SLOW!
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| Posted 4/25/08 7:40 AM |
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JldDolphin
Member since 1/07 6929 total posts
Name:
Jen
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Re: Looking to buy a home in the next... (POLL)
when we started looking, we saw at least 50-75 houses until we bought our house. You don't really know what is out there until you start looking. You set a price range that you can afford and then you start looking. Than you see what you money will get you. Sometimes you have to change that up. You have to be prepaired to either buy in that price range and fix the house up or spend more money to get a better house. We didn't have the "more money", so we bought a house we had to work on a little bit. We know it will be worth it in the end. At least start to look at open houses and see what is out there, the areas you like, etc. Then when you are both on the same page, you can start seriously looking and know what you want and don't want. Good Luck! 
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| Posted 4/25/08 9:04 AM |
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TheWhiteRabbit
Thru the rabbit hole!
Member since 7/06 4412 total posts
Name:
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Re: Looking to buy a home in the next... (POLL)
We own our home now and plan to move in about 2 years as I believe the market & economy will continue to go down and not level off for about 5 years. JMO.
We will keep our current house and rent it though. If I was going to sell mine to buy a new one, I would do that now.
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| Posted 4/25/08 10:16 AM |
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ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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Re: Looking to buy a home in the next... (POLL)
Posted by alisha
We want to buy an apartment in Manhattan, so who knows if the prices will get any better?
My guess is no - I think Manhattan is still a VERY strong market.
Actually there have been a number of reports that the Manhattan real estate market has taken a gargantuan hit.
Many people were not buying in Manhattan due to the inflated prices and moving to the immediate suburbs like Hoboken, Jersey City, Long Island City, Park Slope, etc.
I think it has improved a little but I am not sure. The Manhattan market is one I would look very carefully at.
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| Posted 4/25/08 11:01 AM |
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CityNYGirl
My everything!!!!!
Member since 5/05 2324 total posts
Name:
Betty
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Re: Looking to buy a home in the next... (POLL)
6 months...it will be our investment property. We are looking at buying a 6 family house.....
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| Posted 4/25/08 11:12 AM |
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JenniferLMSW
LIF Infant
Member since 6/07 79 total posts
Name:
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Re: Looking to buy a home in the next... (POLL)
We are in contract right now and are closing at the end of May. We were planning on waiting until after our wedding to buy a home but were scared that the prices were going to go up again. We found a brand new house with 4 bedrooms and 2.5 baths for a wonderful price and we couldn't beat it so we are taking the plunge !!
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| Posted 4/25/08 2:40 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: Looking to buy a home in the next... (POLL)
Posted by ave1024
Posted by alisha
We want to buy an apartment in Manhattan, so who knows if the prices will get any better?
My guess is no - I think Manhattan is still a VERY strong market.
Actually there have been a number of reports that the Manhattan real estate market has taken a gargantuan hit.
Many people were not buying in Manhattan due to the inflated prices and moving to the immediate suburbs like Hoboken, Jersey City, Long Island City, Park Slope, etc.
I think it has improved a little but I am not sure. The Manhattan market is one I would look very carefully at.
The article I read said basically the Manhattan Luxuary market was doing awesome $5M + and that's what's inflating the number overall
I think it was in the times
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| Posted 4/25/08 2:42 PM |
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Salason
♥
Member since 6/05 9878 total posts
Name:
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Re: Looking to buy a home in the next... (POLL)
3) expect more houses to be on the market soon and will not recover for at least another 2 years. wait until next year to look.
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| Posted 4/25/08 3:10 PM |
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freckles
Love My Little Man!
Member since 5/07 1825 total posts
Name:
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Re: Looking to buy a home in the next... (POLL)
We've been house hunting for 4 months now and looking to buy now.
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| Posted 4/25/08 4:39 PM |
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astroqueen74
Vibrant Health
Member since 1/07 2822 total posts
Name:
Karina
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Re: Looking to buy a home in the next... (POLL)
Posted by JenniferLMSW
We are in contract right now and are closing at the end of May. We were planning on waiting until after our wedding to buy a home but were scared that the prices were going to go up again. We found a brand new house with 4 bedrooms and 2.5 baths for a wonderful price and we couldn't beat it so we are taking the plunge !!
Congrats!  Jen-where is the new home?
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| Posted 4/25/08 8:44 PM |
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dgirl
LIF Adult
Member since 5/07 1079 total posts
Name:
Danielle
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Re: Looking to buy a home in the next... (POLL)
Posted by GoldenRod
Housing prices fluctuate. Everyone can make every guess they want, but it's still just a guess. Odds are, prices will drop a little more, but you never know. Something could trigger the market to pick up next week, and prices could be 10% more within a month. I would focus more on finding the house you want, rather than WHEN you want it. If you find a house you love, buy it. If not, keep looking. Nobody can tell exactly what the market will do, or when it will change.
ITA agree with this. We love our house and went into contract at the end of last summer.
I know we got a deal but we probably could have gotten it for a little less if we let it sit. That said, we looked at so many houses and this was the one for us. Perfect location, great size, our style, etc.
So while I could have gotten it for less, I would have paid a little more too.
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| Posted 4/25/08 8:47 PM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: Looking to buy a home in the next... (POLL)
we're waiting for prices to drop more. but we'd like to buy this year if possible
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| Posted 4/25/08 9:47 PM |
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