i thought that something might be funny! my initial thought was he did not want 2 f--k with me since i was looking at $100000 range and i mentioned that we could live with a home that needs some minor repair. the realtor came from a rec. from a freind. i looked on line on his site intracoastal realty and found several homes under $100000 which was very promising since he said most homes would fall in the 135s. i appreciate your comments and considerations.
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2nd home purchase
- Thread starter GUCHI
- Start date
i have had several offers that i have made 4-5 with no luck so far. i'm mainly looking at foreclose and short sales(lots of competition here). we have an offer just made this past sunday on a short sale. the last short the lienholder (bank) counterered our offer and added $3000 to the asking price and wanted me to pay delinquent hoa $1400, the nerve of them. i told them they could hold it! 
prices are good and i hear there are more homes coming. rates are good and expected to get better. anyone else have any experiences?
thanks
john
prices are good and i hear there are more homes coming. rates are good and expected to get better. anyone else have any experiences?thanks
john
LTInvestor
New member
After a number of years where short sales haven't worked, I think it's time to start gearing up for a few foreclosures and short sales in the next 12-24 months. Home flippers are having a tough time selling in this market, and rentals are starting to cool off a bit. It'll be a great time to be a cash buyer next year. As an alternative, local credit unions seem to be offering lower rates than most banks as well.
Bullitt
Well-known member
It was a great time to be a cash buyer the past two years even though rates were some of the lowest in history. Unless you had 100% cash or a very large down payment, you weren't getting the house.
Hurricane ravaged parts of Florida might be a good place to buy a second home. Many properties will be lost because owners won't be able to afford repairs or re-build according to updated building codes. Good luck beating out the professionals that are down there right now making moves though. Besides, the properties that are bargains will be bargains for a reason. A "long term investment" for sure.
Hurricane ravaged parts of Florida might be a good place to buy a second home. Many properties will be lost because owners won't be able to afford repairs or re-build according to updated building codes. Good luck beating out the professionals that are down there right now making moves though. Besides, the properties that are bargains will be bargains for a reason. A "long term investment" for sure.
LTInvestor
New member
Agreed on FL, it still has good population growth and a good long term outlook. Cash buyers will be even better positioned going forward - sellers will want more certainty of closing in a recession, or when mortgage rates are 7%+.
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