Is this a good deal?

Dos Locos · Oct-05-2008, 06:39 AM

I'm not a real estate guy and I don't know a lot about it so your opinion's interest me.

What do you think?

Approximately 2300 sq feet

Over 300K but less than 350K

5.875% on a 30 yr. fixed

no slab/termite issues

not a beater but rather a paint and landscape house

Stanley · Oct-05-2008, 07:21 AM

PM sent

Kurt · Oct-05-2008, 07:31 AM

location location location

SALTYDAWG · Oct-05-2008, 07:38 AM

I would'nt buy anything right now until we see how all this market shit shakes out. Besides, Obama probably has it tagged to be given to a homeless crack head

SALTYDAWG · Oct-05-2008, 07:46 AM

On second thought Chris, You should buy it, Default on the loan and the Democrats will restrcture the loan and let you keep it

calicopro · Oct-05-2008, 07:46 AM

I would go for it, provided there are not any major issues. I'm in escrow on a short sale right now out in La Mesa, 1200sq ft, on an 8100 sq ft lot below 275k. No major issues to be had after house inspection. I would say if you can buy now, it's better to buy on the down stroke as opposed to the upswing. Plus its getting harder and harder to qualify for a loan, no matter how good your credit is... True nobody knows when the bottom will be, but I KNOW I got a better deal than the family that had it before me

A lot of people are afraid to react because of the uncertainty, but I would hate to look back at this time, and WISH I would have jumped in at prices like this.

Dos Locos · Oct-05-2008, 07:48 AM

That's my opinion too

Papa "J" · Oct-05-2008, 08:04 AM

email the address to me....jason@cataxrefunds.com

Quote:

Originally Posted by Dos Locos

I'm not a real estate guy and I don't know a lot about it so your opinion's interest me.

What do you think?

Approximately 2300 sq feet

Over 300K but less than 350K

5.875% on a 30 yr. fixed

no slab/termite issues

not a beater but rather a paint and landscape house

TeamGracza · Oct-05-2008, 08:20 AM

Sounds okay.We just bought a brand new house 2500 square foot house in canyon hills(IE) on a huge lot.It cost us 240k.Hell of a deal.

marlyn · Oct-05-2008, 08:34 AM

all depends where it is...(unless its in the ghetto, if its in san diego can you really go wrong at that price?)

marlyn · Oct-05-2008, 08:38 AM

try zillow.com and take a look at the properties in the general area around it to get some idea of comps,look for the recently sold stuff.best bet is probably to spend 3 or 4 hundred bucks on an independent appraiser,there should be plenty of those looking for work.

la vida · Oct-05-2008, 08:40 AM

Now is the time for those that can to BUY! BUY! BUY! It may go lower but it going way up . Just buy in a nice location that you can afford and you will be in great shape. Now is the window dont miss it if you can.