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Reply to "When will these prices slow down??!!"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Just saw a 3 bed, 2 bath in Petworth/Columbia Heights listed for 599k.[/quote] We're in the burbs out in the Burke/Fairfax area.[/quote] There are tons of houses in Burke for less than $600K. Where are you trying to buy? Do you want a really big, brand-new house? Otherwise, what about any of these? https://www.redfin.com/VA/Burke/6706-Wooden-Spoke-Rd-22015/home/9766488 https://www.redfin.com/VA/Burke/9707-Harr-Ct-22015/home/9766165 https://www.redfin.com/VA/Burke/10711-Dundas-Oak-Ct-22015/home/9727285 http://slideshow.mris.com/slideshow/slideshow.htm?ListingKey=300039231294[/quote] Sorry, I didn't clarify. We're trying to stay along the Burke Centre Parkway side of Burke. We have lived here for almost 10 years and want to stay in the neighborhood. We did look at that third one you posted (Dundas Oak) which is in our preferred area. Its one of the few that has popped up in our price range this summer. But, again, we're looking to buy in two years. I'd say this year there were about...five that were in the low 600's or a little under that fit our needs. We're just going to have to cross our fingers that one happens to come up when we're ready to buy. We're okay with unfinished basements, old kitchens, bathrooms that aren't updated, etc. We'd actually PREFER that b/c that's stuff we can do over time as we save up money rather than paying for it up front with a 50k price hike. But it's very rare to find a home that someone hasn't already done a ton of work to.[/quote] Have you considered speaking to a financial planner or head to the Finances section? You may need some ideas where your money is tied to the market so that it also appreciates similar to home values. Because you cannot save 1:1 at this rate and ever "catch up." Another option to help with a quicker downpayment is to cut some expenses and than pickup a second job for the short term.[/quote]
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