greg1231's Advice

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greg1231 wrote:

I am a first time home buyer w/0 or little down payment, but great credit. Can I buy without $ down?

Answer
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".
January 10 2009
(0)

I'm sad that Zillow has chosen to be a Trulia/ tacky commercial site. I miss so many posters!

Response
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.
December 31 2008
(2)

How do you feel about track lighting?

Response
not "of"--about
November 07 2008
(0)

How do you feel about track lighting?

Response
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.
November 07 2008
(0)

Should we even bother relisting over the winter?

Response
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.
October 21 2008
(0)

underwater and moved - what are my options

Response
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.
October 09 2008
(4)

Very upset about a showing we had-

Response
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.
October 05 2008
(0)

Paulson LIED to us

Response
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.
September 30 2008
(0)

Days on market perception

Response
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.
September 13 2008
(1)

DO WE HAVE THE RIGHT TO REFUSE AN OFFER AT THE LISTING PRICE????

Response
What is the point of refusing an offer at full price?
September 13 2008
(0)