| Posted By |
Message |
| Pages: [1] 2 |
cat1977
LIF Infant
Member since 7/06 175 total posts
Name:
Catherine
|
when to buy a house
Ok my husband and i have the money saved for a downpayment on a house now we are not signing a lease for next yr so we have exactly 1 yr, ( we will need to leave oct of 07, anyway i want to start looking now but my husband says prices will come down more and we should wait, im just afraid that spring will come along and then will will have to rush to buy something cause i was told it could take up to 90days to close, what do you all think should we start now or wait????
|
Posted 10/20/06 8:41 AM  |
| |
|
Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
Stacey1403
Where it all began....
Member since 5/05 24065 total posts
Name:
|
Re: when to buy a house
I would start looking now. We started looking in November of 04 and didn't get into our house until June of 05.
Message edited 10/20/2006 8:43:09 AM.
|
| Posted 10/20/06 8:42 AM |
| |
|
MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
|
Re: when to buy a house
definitely start looking now.
you can get a great price in this market in the wintertime, there is a lot of inventory. and it might take longer than you think to find your house.
good luck 
|
| Posted 10/20/06 8:43 AM |
| |
|
Kissy331
My two miracles!
Member since 5/06 17826 total posts
Name:
Kristen
|
Re: when to buy a house
I would start looking now to get an idea of exactly what you want. We started to look in the summer of 2004 & did not find our house til March 2005 & closed on it August 2005.
You never know, you might find something out there now & truly want to get it before Oct 2007
|
| Posted 10/20/06 8:48 AM |
| |
|
TheLorax
LOVE
Member since 2/06 5581 total posts
Name:
Suzanne / SuzBride
|
Re: when to buy a house
looking can't hurt. We started in August, and we will be closing on our house in January. If you find houses you like, you can watch them and see if the prices drop.
|
| Posted 10/20/06 8:53 AM |
| |
|
ssbride05
:-)
Member since 5/05 2654 total posts
Name:
Jennifer
|
Re: when to buy a house
I agree-start looking now! You never know how long it will take.
Best of luck to you!! 
|
| Posted 10/20/06 9:03 AM |
| |
|
MrsPornStar
Partners in crime
Member since 10/05 14656 total posts
Name:
Mama
|
Re: when to buy a house
I agree to start looking now. Good luck to you!
|
| Posted 10/20/06 9:04 AM |
| |
|
danielleandscott
My new 71 Super Beetle
Member since 5/05 13476 total posts
Name:
Scott
|
Re: when to buy a house
check out mlsli.com
I would agree on starting now - Question though. What happens if you find something right away? Are you prepared to buy now or are you prepared to walk away if you arent ready?
Scott
|
| Posted 10/20/06 9:35 AM |
| |
|
cat1977
LIF Infant
Member since 7/06 175 total posts
Name:
Catherine
|
Re: when to buy a house
Posted by danielleandscott
check out mlsli.com
I would agree on starting now - Question though. What happens if you find something right away? Are you prepared to buy now or are you prepared to walk away if you arent ready?
Scott
we are prepeared to buy now and we can walk away, thats why i thought it wouold be good to start looking now, because come spring we will be crunched and i dont want to buy cause our lease is almost up you know....
|
| Posted 10/20/06 10:26 AM |
| |
|
danielleandscott
My new 71 Super Beetle
Member since 5/05 13476 total posts
Name:
Scott
|
Re: when to buy a house
Where are you looking?
|
| Posted 10/20/06 10:29 AM |
| |
|
Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
|
Re: when to buy a house
we are on the same timeline as you
we aren't looking until the spring but that's only b/c we havent' decided on where we want to live yet
|
| Posted 10/20/06 10:30 AM |
| |
|
cat1977
LIF Infant
Member since 7/06 175 total posts
Name:
Catherine
|
Re: when to buy a house
Posted by danielleandscott
Where are you looking?
anything in the massapequa, wantagh, or herricks school district, or lynbrook
|
| Posted 10/20/06 10:32 AM |
| |
|
LaurenExp
Waiting patiently for baby sis
Member since 8/06 11613 total posts
Name:
L-Diddy EDD 11/11/11 :)
|
Re: when to buy a house
Anything in the 300-350K range goes like hotcakes...one thing I learned about that, make an offer before you leave the houe and put a binder. You can always think about it later and say no if you really don't want it. But if that's your price range, or something close to it, those houses move quick!
|
| Posted 10/20/06 10:32 AM |
| |
|
cat1977
LIF Infant
Member since 7/06 175 total posts
Name:
Catherine
|
Re: when to buy a house
Posted by LaurenExp
Anything in the 300-350K range goes like hotcakes...one thing I learned about that, make an offer before you leave the houe and put a binder. You can always think about it later and say no if you really don't want it. But if that's your price range, or something close to it, those houses move quick!
wow really i didnt know that so whats a binder?
|
| Posted 10/20/06 10:33 AM |
| |
|
danielleandscott
My new 71 Super Beetle
Member since 5/05 13476 total posts
Name:
Scott
|
Re: when to buy a house
Also make sure you are prequalified and pre approved for a mortgage before you start to look, so you know what you can afford and if you make an offer, your offer will be stronger then someone who isnt pre qualified or pre approved for a mortgage
scott
|
| Posted 10/20/06 10:41 AM |
| |
|
antoinette
boy mamma
Member since 5/05 2975 total posts
Name:
Antoinette
|
Re: when to buy a house
start light looking- ie online, open houses, newspaper etc to get an idea of what you are really looking for. Then go see a realtor after you have done all of that. Things move quickly when a realtor is involved. Thats my suggestion.
|
| Posted 10/20/06 10:51 AM |
| |
|
LaurenExp
Waiting patiently for baby sis
Member since 8/06 11613 total posts
Name:
L-Diddy EDD 11/11/11 :)
|
Re: when to buy a house
Posted by cat1977
Posted by LaurenExp
Anything in the 300-350K range goes like hotcakes...one thing I learned about that, make an offer before you leave the houe and put a binder. You can always think about it later and say no if you really don't want it. But if that's your price range, or something close to it, those houses move quick!
wow really i didnt know that so whats a binder?
You give them a check for say $100 that they don't cash, it just means you're "serious." You make it out to the homeowner and you make your official offer. If the homeowner accepts you offer, you can still say no...most of the time, I think they make a stink if they don't have any other offers, though. Just confirm with the real estate agent you use. I could be talking out my a$$! 
|
| Posted 10/20/06 11:11 AM |
| |
|
belladi
LIF Adult
Member since 9/06 1011 total posts
Name:
diana
|
Re: when to buy a house
I would start lookig now, you are in the position to buy and you have the time to wait. So get familiar with whats out there
|
| Posted 10/20/06 1:09 PM |
| |
|
Kelly9904
Mommy to 2 amazing little boys
Member since 5/05 9306 total posts
Name:
Kelly
|
Re: when to buy a house
Message edited 1/30/2009 2:33:31 PM.
|
| Posted 10/20/06 1:13 PM |
| |
|
Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
|
Re: when to buy a house
Posted by LaurenExp
Posted by cat1977
Posted by LaurenExp
Anything in the 300-350K range goes like hotcakes...one thing I learned about that, make an offer before you leave the houe and put a binder. You can always think about it later and say no if you really don't want it. But if that's your price range, or something close to it, those houses move quick!
wow really i didnt know that so whats a binder?
You give them a check for say $100 that they don't cash, it just means you're "serious." You make it out to the homeowner and you make your official offer. If the homeowner accepts you offer, you can still say no...most of the time, I think they make a stink if they don't have any other offers, though. Just confirm with the real estate agent you use. I could be talking out my a$$!
I would say a binder for $100 doesn't mean anything. Your putting a binder down does not hold the house or prevent the sellers from accepting another offer.
Go look now. You my find your house in 2 months or 10 months. I would look online and in the paper to get an idea of what you get for your money though. Decide on the type of house you want, the size, the street location or neighborhood and the price you are comfortable with. This will help you decided if you want 2 bedrooms or 3, garage or no garage, basement or none, gas or electric, lots of property or not..etc..Keep in mind that there is no perfect house. You will end up getting about 80% of what you set out looking for. Good luck and try to be open minded when looking. Look beyond the carpet and paint and picture it with colors and the decor you would pick.
|
| Posted 10/20/06 1:14 PM |
| |
|
Diana1215
Living on a prayer!!!
Member since 10/05 29450 total posts
Name:
Diana
|
Re: when to buy a house
The best thing to do right now is to try and get a feel for what style home you like, what areas you prefer in the towns you listed, the things that are most important to you (for example, a basement? garage? 2 bathrooms? etc)
It can usually take some time to find the perfect home - and especially with all the inventory on the market now - it's best to get ahead start.
|
| Posted 10/20/06 1:14 PM |
| |
|
cat1977
LIF Infant
Member since 7/06 175 total posts
Name:
Catherine
|
Re: when to buy a house
thanks everyone, your advice is great, im gonna make a list with my husband tonight of what is important to us an dthe level of importance
|
| Posted 10/20/06 1:53 PM |
| |
|
bikramaddict
mommy-to-be
Member since 8/06 4376 total posts
Name:
|
Re: when to buy a house
it doesn't hurt to start looking. You never know how long it will take.
|
| Posted 10/20/06 4:39 PM |
| |
|
cjik
Welcome 2010!
Member since 2/06 8879 total posts
Name:
|
Re: when to buy a house
I would start looking now. Prices may very well come down a bit more by spring, but I have the feeling a lot of people are waiting and doing exactly what your DH suggested. Which means you may not have much to choose from in the spring. Plus, people with kids will be in a rush to buy before the next school year starts.
I would start now. If you see something you like keep an eye on it--the price may dip a bit more. Winter is a great time to look generally since many homes are just sitting on the market and you won't have as much competition.
Good luck!
|
| Posted 10/20/06 8:21 PM |
| |
|
Nicole728
My Happy Girl
Member since 7/06 8198 total posts
Name:
Me
|
Re: when to buy a house
Posted by Meaghan729
definitely start looking now.
you can get a great price in this market in the wintertime, there is a lot of inventory. and it might take longer than you think to find your house.
good luck
I agree! We bought our house in the winter! but you never can predict how the housing market will be so def plan ahead and start now!
Good Luck!!!
|
| Posted 10/20/06 9:21 PM |
| |
|
| Pages: [1] 2 |
