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headoverheels
s'il vous plaît
Member since 6/07 42079 total posts
Name:
LB
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worried about the economy and house hunting...
i know this is dumb, but the economy right now is perfect for a buyer like me and DH, and i am so scared we won't find our home before the economy improves, and we won't be able to buy a decent home in our price range... 
i never knew house hunting would be so stressful!!
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Posted 5/26/09 9:41 AM  |
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MrsFlatbread
Skinny jeans are in my future
Member since 6/06 10258 total posts
Name:
Baby Momma
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Re: worried about the economy and house hunting...
you willl found your house...hang in there!!! We must have looked at 60 or so houses until we found ours. I sooo wish I was in your shoes right now instead of buying a house when we did in 2007!
We have several houses in our area for sale. Nice ranch , three houses from me, 3 bedroom, redone...Hauppauge schools(read...low taxes) and weekends paydates with me...all for the low price of 430,000 which they probably will get for 400,000...needs very little work...or so I was told!
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| Posted 5/26/09 9:53 AM |
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Nifheim
allo
Member since 1/09 5476 total posts
Name:
Jennifer
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Re: worried about the economy and house hunting...
I am right with you! Terrified that houses are going to climb up and interest rates are going to be scary again. We just bid on anything and yet so far only one counter offer as of today. Its scary.
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| Posted 5/26/09 9:56 AM |
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Sparkyandang
LIF Adolescent
Member since 5/08 766 total posts
Name:
Ang
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Re: worried about the economy and house hunting...
We've bid on way more houses than i thought but people still want a ton for their homes that need $100k worth of work. I cannot pay $400k for a house with $10k in taxes AND still put $100k into it.
Very discouraging.
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| Posted 5/26/09 9:58 AM |
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1stimemom
Love my boys
Member since 2/08 8766 total posts
Name:
Mrs Dee
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Re: worried about the economy and house hunting...
Sorry you are having such a tough time Just think of it as your house is waiting for you and is still out there. Just think - how many frogs did you have to kiss before you met your prince? 
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| Posted 5/26/09 10:02 AM |
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headoverheels
s'il vous plaît
Member since 6/07 42079 total posts
Name:
LB
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Re: worried about the economy and house hunting...
Posted by Sparkyandang
We've bid on way more houses than i thought but people still want a ton for their homes that need $100k worth of work. I cannot pay $400k for a house with $10k in taxes AND still put $100k into it.
Very discouraging.
this is exactly what we are dealing with! it is so frustrating because there are homes out there (including one we love) that are original 1950s but the owners are delusional and asking way more than the house is actually worth. even if we paid asking i doubt the house would appraise for that.
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| Posted 5/26/09 10:19 AM |
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NoStressMom
My Heart and Soul
Member since 5/05 11122 total posts
Name:
D
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Re: worried about the economy and house hunting...
Posted by Sparkyandang
We've bid on way more houses than i thought but people still want a ton for their homes that need $100k worth of work. I cannot pay $400k for a house with $10k in taxes AND still put $100k into it.
Very discouraging.
I'm with ya even though that is not our price range. It is very annoying
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| Posted 5/26/09 1:31 PM |
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Nik211
my little monkey<3
Member since 5/08 3303 total posts
Name:
Nik
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Re: worried about the economy and house hunting...
i hear you on people asking for crazy amounts of money 
what is crazy is even if you HAD the money or were willing to pay the money, lots of times you wont even get approved for a mortgage b/c banks arent going to lend you $ for something that is worth less than what you are offering....at least that is what we were told - we found a house we like that isn't a short sale but they are asking 55K more than what the property is worth - and our mortgage person told us that even if we offered that amount in the end we probably wouldnt be able to get a mortgage loan b/c the appraisal will come back to low....that is also in florida and i heard florida is becoming really strict with lending b/c of the crisis they are in...
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| Posted 5/26/09 1:56 PM |
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Melmel821
Love being a mom!
Member since 5/08 2776 total posts
Name:
Melanie
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Re: worried about the economy and house hunting...
Personally because of the economy I don't feel confident buying. Yes the housing market is a buyers market but my DH is in banking and even though I work in healthcare, my job has been making cutbacks. I'm afraid to buy because of the what ifs. Does that make sense?
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| Posted 5/26/09 2:47 PM |
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headoverheels
s'il vous plaît
Member since 6/07 42079 total posts
Name:
LB
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Re: worried about the economy and house hunting...
Posted by Melmel821
Personally because of the economy I don't feel confident buying. Yes the housing market is a buyers market but my DH is in banking and even though I work in healthcare, my job has been making cutbacks. I'm afraid to buy because of the what ifs. Does that make sense?
i would agree with you but DH and i have jobs where we will not be laid off, so that is not a worry for us.
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| Posted 5/26/09 3:21 PM |
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Melmel821
Love being a mom!
Member since 5/08 2776 total posts
Name:
Melanie
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Re: worried about the economy and house hunting...
Posted by headoverheels
Posted by Melmel821
Personally because of the economy I don't feel confident buying. Yes the housing market is a buyers market but my DH is in banking and even though I work in healthcare, my job has been making cutbacks. I'm afraid to buy because of the what ifs. Does that make sense?
i would agree with you but DH and i have jobs where we will not be laid off, so that is not a worry for us.
Just keep searching. You may not find the perfect house but could make it perfect.
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| Posted 5/26/09 5:04 PM |
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mrsgafforio
LIF Adult
Member since 3/07 3929 total posts
Name:
Christine
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Re: worried about the economy and house hunting...
Posted by Melmel821
Personally because of the economy I don't feel confident buying. Yes the housing market is a buyers market but my DH is in banking and even though I work in healthcare, my job has been making cutbacks. I'm afraid to buy because of the what ifs. Does that make sense?
This is how I feel but also don't want to miss out. So stressful!!
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| Posted 5/26/09 6:14 PM |
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MelBobby
LIF Infant
Member since 11/08 292 total posts
Name:
Mel
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Re: worried about the economy and house hunting...
Posted by headoverheels
i know this is dumb, but the economy right now is perfect for a buyer like me and DH, and i am so scared we won't find our home before the economy improves, and we won't be able to buy a decent home in our price range...
i never knew house hunting would be so stressful!!
I'm lookin too but im not worried about the economy goin back up. We have time on our hands and I do feel that the economy is getting worse...house prices are continuing to drop...I was talkin to my father about this... the house prices started to drop in the West (california) and makes its way over to the east (us) and then once cali starts to stabilize then it makes it way over here...dont worry cause we still have plenty of time. I believe through 2010 prices will continue to drop and then stabilize for awhile...
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| Posted 5/26/09 6:34 PM |
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MrsM-6-7-08
<3
Member since 8/06 4249 total posts
Name:
Nicole
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Re: worried about the economy and house hunting...
Posted by Sparkyandang
We've bid on way more houses than i thought but people still want a ton for their homes that need $100k worth of work. I cannot pay $400k for a house with $10k in taxes AND still put $100k into it.
Very discouraging.
a house on my block just sold for 400k, and the entire house is being gutted right now, everything was original, i am sure they are putting alot of $$ into the house
another house a few doors down sold for 513k, and they still didn't move in yet, they are still redoing it, and they ripped a lot of stuff out and it was kinda decent on the inside.
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| Posted 5/26/09 7:05 PM |
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Kidsaplenty
Sister love
Member since 2/06 5971 total posts
Name:
Stephanie
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Re: worried about the economy and house hunting...
Trust me, you will find an even better deal come this winter!
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| Posted 5/26/09 10:24 PM |
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