Re: Looking for a house…for me. - Posted by dimpil
Posted by dimpil on October 21, 2003 at 07:53:55:
Why not apply the same thinking you do when purchasing homes? Even the upscale markets have issues and go into foclourse or get behind on payments, hubby and wify split and one can’t make the lifesytle work without the others income.
Don’t think because it looks good on the outside and in a high rent district you can’t find a deal.
I found the our new home for 289,900 and it appraises for $400,000. The pervious owner was a businessman who’s company when belly up.
Another thing I found is, if there are new developments you can get a great price if your like #1 or 2 in becaue the builder is usally wanting to attract people and will cut a great deal on the first few. Same holds true for the last 1 or 2 units in the developement. When they only have 1 or 2 left they want to get their money and go, the agent on duty is tired of being on duty and will just give the home away.
I found my ex hubby a home appraised for 175,000, purchased for 140,000 because the agent wanted to leave the development and only had 3 homes left.
Another example is this. We have a really upscale neighborhood in development in my area. 1 million dollar homes and up and the developer had some builders build on spec. 4 years later 3 spec homes are still there and families have built other homes around them and there are just about 35 lots still vacant. Now I’m sure those builders want to sell those homes and give a steep discount and get them off their working line of credit with the bank.
I think it’s all worth checking into. Even running a small ad in the paper, will buy home or do lease with option to purchase.
What do you have to lose?