Zillow Advice: Home Buying - Looks like the market is getting busier out there! http://www.zillow.com/advice-thread/Looks-like-the-market-is-getting-busier-out-there/208818/ Zillow Advice | Zillow Real Estate Okay, I'm officially bored ... http://www.zillow.com/advice-thread/Looks-like-the-market-is-getting-busier-out-there/208818/ Okay, I'm officially bored with this now. Wed, 11 Mar 2009 21:05:00 GMT http://www.zillow.com/advice-thread/Looks-like-the-market-is-getting-busier-out-there/208818/ 2009-03-11T21:05:00Z When prices are affordable ... http://www.zillow.com/advice-thread/Looks-like-the-market-is-getting-busier-out-there/208818/ <p>When prices are affordable heck ya people will buy, but then I have to wonder how many people will continue to feel compelled to buy the dream when they aren't sure if a J-O-B is in their future and how hard inflation will take hold.&nbsp;&nbsp;&nbsp;</p><br/><p>Japsmith, your rational is thin.&nbsp; If you own your house almost outright, sure then selling you have the advantage of pricing to market and not to what you owe on the house with a reset coming that you can no longer afford and paid too much for 2-3 years ago and sadly no one is willing to take off your hands and catch the falling knife.&nbsp;&nbsp;With regards to&nbsp;a fair price, my idea of what that is and someone else's is quite different.&nbsp; Many think that involves paying their REA 6%&nbsp;commish added to what they owe on the house.......me thinks it&nbsp;is based on historical trends.&nbsp;</p> Wed, 11 Mar 2009 20:36:00 GMT http://www.zillow.com/advice-thread/Looks-like-the-market-is-getting-busier-out-there/208818/ 2009-03-11T20:36:00Z nycbpc,you make a very good ... http://www.zillow.com/advice-thread/Looks-like-the-market-is-getting-busier-out-there/208818/ nycbpc,<br/><br/>you make a very good point about who should be getting the scare tactic.&nbsp; Not Buyer, but Sellers.&nbsp; Wed, 11 Mar 2009 18:44:00 GMT http://www.zillow.com/advice-thread/Looks-like-the-market-is-getting-busier-out-there/208818/ 2009-03-11T18:44:00Z There is always two sides ... http://www.zillow.com/advice-thread/Looks-like-the-market-is-getting-busier-out-there/208818/ There is always two sides to any coin.&nbsp; For example if you own most of your house outright there are buyers out there that want to make a purchase before the rates go up with all those possible renegociated <a href="http://www.zillow.com/mortgage/">loans</a> that will suck up the lower rates currently being offered.&nbsp; You can also do this if you can see that this current home will become unaffordable and you don't believe you can qualify for help.&nbsp; Sell it if you can before it becomes short.&nbsp; People out there&nbsp;are willing to pay a fair price to lock in to buy from a seller or a <a href="http://www.zillow.com/homes/for_sale/fore_lt/">forclosure</a> than sit and wait on the all too many short sales out there that may or may not qualify for help in the stim package. Wed, 11 Mar 2009 17:23:00 GMT http://www.zillow.com/advice-thread/Looks-like-the-market-is-getting-busier-out-there/208818/ 2009-03-11T17:23:00Z Lisa, you are trying to scare ... http://www.zillow.com/advice-thread/Looks-like-the-market-is-getting-busier-out-there/208818/ <p>Lisa, you are trying to scare people on the wrong side.<br/><br/>With much more sellers out there than buyers, the scare tactics would be more effective on the sellers. Tell them if they don't lower their prices NOW and sell to this new wave of&nbsp;spring-season buyers, they won't ever see that price again. The housing bubble is still deflating and will&nbsp;never coming back in our lifetime.</p> Wed, 11 Mar 2009 17:05:00 GMT http://www.zillow.com/advice-thread/Looks-like-the-market-is-getting-busier-out-there/208818/ 2009-03-11T17:05:00Z sure hope lisa isn't too ... http://www.zillow.com/advice-thread/Looks-like-the-market-is-getting-busier-out-there/208818/ sure hope lisa isn't too busy for a driveby post today! Wed, 11 Mar 2009 13:26:00 GMT http://www.zillow.com/advice-thread/Looks-like-the-market-is-getting-busier-out-there/208818/ 2009-03-11T13:26:00Z things were really picking ... http://www.zillow.com/advice-thread/Looks-like-the-market-is-getting-busier-out-there/208818/ things were really picking up in the tent cities according the last nights news. Tue, 10 Mar 2009 22:22:00 GMT http://www.zillow.com/advice-thread/Looks-like-the-market-is-getting-busier-out-there/208818/ 2009-03-10T22:22:00Z So there is higher then previous ... http://www.zillow.com/advice-thread/Looks-like-the-market-is-getting-busier-out-there/208818/ <p>So there is higher then previous activity?&nbsp; And...&nbsp; what does that mean?&nbsp;&nbsp; Is demand outpacing supply in your area?&nbsp; If so, then great, because that is 1% of the United State.&nbsp; If demand is not outpacing supply and there is still high inventory in your area... then what is the rush?<br/><br/>Just because some of the arm chair <a href="http://www.zillow.com">Real Estate</a> moguls have decided to jump off the fence and buy a house, a competitive market it does not make.</p> Tue, 10 Mar 2009 22:07:00 GMT http://www.zillow.com/advice-thread/Looks-like-the-market-is-getting-busier-out-there/208818/ 2009-03-10T22:07:00Z The market can look more ... http://www.zillow.com/advice-thread/Looks-like-the-market-is-getting-busier-out-there/208818/ The market can look more busy, but when you go with only pending or sites that list properties inactive is a poor way to see what is happening.&nbsp; The best way is to see how many houses are "SOLD" in the last month or two.&nbsp; From sites like zillow, that number in my area is very few.&nbsp; I had a pending house for 4 weeks until I found out that it was pending to be logged into the bank as a short sale to start the long process.&nbsp; So without knowing how long it will take to even be logged in, and knowing that short sales take 6 to 8 weeks from that point I pulled the plug on that.&nbsp; I believe that the old style of bank procedures is broken in today's techno market.&nbsp; They need to fix it or go out of business.&nbsp; With every <a href="http://www.zillow.com/homes/for_sale/fore_lt/">forclosure</a> they are now waisting our tax dollars. Tue, 10 Mar 2009 21:39:00 GMT http://www.zillow.com/advice-thread/Looks-like-the-market-is-getting-busier-out-there/208818/ 2009-03-10T21:39:00Z i can't handle that kind ... http://www.zillow.com/advice-thread/Looks-like-the-market-is-getting-busier-out-there/208818/ i can't handle that kind of stress.i'll wait until it slows down a bit. Tue, 10 Mar 2009 21:33:00 GMT http://www.zillow.com/advice-thread/Looks-like-the-market-is-getting-busier-out-there/208818/ 2009-03-10T21:33:00Z