Why encourage buyers with zero down payment? The last thing the taxpayers need are more toxic mortgages. Taxpayers are tired of paying for the mistakes of others. The new motto for the US should be "Bail me out".
Who has the time to negotiate this site to find the forums? It is by far the worst format I have ever encountered. Despite the petty bickering on the old site, posters could ask and answer questions. Now it is a layrinth not worth the effort.
A word of canned lighting in darker, interior spaces: The cans are not sufficient. I have this problem in my kitchen area despite installing more cans than the design in the model. We added undercabinet lights, also. For people who like to cook, they need better lighting.
I would say yes if you are priced to sell. We listed in the NE in late December, had a contract by January 1, and closed in February. We bought a new house in March right before a huge snowstorm.
Sure why don't we all not pay our mortgages! Just get behind a few months and the taxpayers will bail us out and lower our monthly payments. Let me get out my magic wand and make everything better. This does such a disservice to the homeowners who make sacrifices every month to make sure their bills are paid on time. To make matter worse, they won't get any relief from the mortgage company, and they will pay for the current bail out and subsequent ones in the future. Unfortunately, there are way too many spineless owners who are in over their heads. It is time to grow up because there is not a money fairy who will solve your financial woes.
Be prepared for a bucket of excuses and denials rather than an apology. Our doors were left unlocked and open several times by more than one agent, and they insisted they did lock the door. Right now too many agents feel they are doing you a favor by showing your house so common courtesy is in short supply.
This issue is less about the RE market and more about the shaky financial future of the US. The stock market will continue volatile downturns and short upticks, and unemployment will rise. Credit will be tighter and more expensive. Troubled industries like the auto manufacturers and airlines will have a tougher time borrowing, and small businesses are more likely to fail. We will see more mergers of large corporations. Buyouts and consolidations in the banking industry will translate into more fees paid by consumers. The big, three banks will exert major control over credit. The ramifications of them becoming monopolistic are frightening.
I don't think the DOM always plays a part in this type of market. We had several deals fall through because of buyers failing to get financing or buyers who bid on multiple homes simultaneously. Our price was 25% below the appraisal. It is not the fault of the sellers if flaky buyers sign a contract for their home.
What is the point of refusing an offer at full price?