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Replies (18)
- cabinfever07
- Contributions:287
"Your buyer will need a mortgage."
Why does everyone just assume this?
Why does everyone just assume this?
- Alan May
- Contributions:4377
cabin...
... because it's true with most of the buyer's out there ... maybe more.
... because it's true with most of the buyer's out there ... maybe more.
- FlipToFlop
- Contributions:42
http://www.census.gov/hhes/www/housing/ahs/05dtchrt/05adtchrt/tab3-15.html
Maybe because 2/3 of homes have one? Maybe because a lot of people (regardless of the actual merit of the calculation) think that their money can do better then 6.5% in some other investments?Just some thoughts.....
Maybe because 2/3 of homes have one? Maybe because a lot of people (regardless of the actual merit of the calculation) think that their money can do better then 6.5% in some other investments?Just some thoughts.....
- cabinfever07
- Contributions:287
I need to balance my reading more:) On the doom blogs the overriding sentiment is anti-debt of any kind.
LOL Elvis..I already have my money for my next home purchase, I will probably take a small mortgage just for the purposes you mentioned, not the bribes tho :)
If the buyer would use for sale by owner, or other sources to purchase, the seller can save 3 to 6% in realtor fees, which in turn will lower the asking price.
Thus the buyer can get a lower mortgage for the same house. This is what I recommend to every home buyer.
Thus the buyer can get a lower mortgage for the same house. This is what I recommend to every home buyer.
- LongIslandBubble
- Contributions:2793
*****
If the buyer would use for sale by owner, or other sources to purchase, the seller can save 3 to 6% in realtor fees, which in turn will lower the asking price.
***********
...but why should a buyer care about the seller or their asking price; the asking price is irrelevant. If one seller won't take a lower price, thousands more will.
If the buyer would use for sale by owner, or other sources to purchase, the seller can save 3 to 6% in realtor fees, which in turn will lower the asking price.
***********
...but why should a buyer care about the seller or their asking price; the asking price is irrelevant. If one seller won't take a lower price, thousands more will.
- 2 Big 2 Fail
- Contributions:0
- Mike2020
- Contributions:736
Alpine. You keep talking all these pie in the sky dreams of yours. Are you an investment banker or not? If not, there's no point in talking since your not getting a million dollar bonus anytime soon.
LMAO Elvis!!
- 2 Big 2 Fail
- Contributions:0
No, I don't want them to tear down my current house. I want them to tear down the house I will buy once my house sells :-)
- 2 Big 2 Fail
- Contributions:0
I don't need a million dollar bonus to accomlish what I want.
- Consulting With Contoversial!, "The Answer Man!"
- Contributions:9
WTF?
T.A.M.
My condo is priced at the entry level price point so yes, I do think the availability of mortgages to first-time buyers, or people starting over after a divorce, is affecting my ability to sell.
My good friend who runs the title company in my town tells me 40% of the purchase doc's he prepares are all cash sales.That surprised me.
julia,
That says "downsizing" to me.
Your Buyer Needs a Mortgage!
BOSTON (MarketWatch) -- The Mortgage Bankers Association predicts the housing recession will last until the end of the third quarter next year. And if confidence isn't restored in the credit markets, the wait could extend until 2009, the group's chief economist said.
http://www.marketwatch.com/news/story/housing-slump-last-least-another/story.aspx?guid=%7B4E840E50%2D5652%2D47E5%2D8394%2D0520B3BF3813%7D
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