Reply to Before you purchased, how many....

Forum Index » Real Estate

Reply to "Before you purchased, how many...."

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]2004---every single one on the market in our specified neighborhood---lost many contracts.  This neighborhood peaked right around 2004/2005 before leveling off.  We were commited to paying what we thought was realistic and not get caught up in 'escalations' and crazy bidding.  We knew when to walk.  Still have that house and it never lost value.  I knew the market better than the local realtors and could usually predict sales price down to the dollar.

2007-2009 rented in our next target neighborhood.  Only 1-2 houses ever come on the market every couple of months.  We saw all of them (below, above, right at our price range). It gave us an excellent idea of true home value in the neighborhood.  We were ready to strike when we saw something that had most of what we were after.  Also-lost a few bids prior--but I think those are meant to be--what we ended up with was better than the others.

I think it is really necessary to narrow down to your specific neighborhood (after searching broader).  Local markets vary so much---sometimes down to a single neighborhood within a single zipcode.  A realtor that services a wider area isn't the best source for value---comps sometimes lag as well.

We didn't use an agent either time.  If I did--I would make sure they were very specific to the location.  They will also usually know about things that haven't hit the market yet.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics