It seems like you started a great debate... My recomendation is to start some of the process. You should definately get pre-quailified now. If you do not have a mortgage broker i do have some great people i can reccomend. Once you are pre-quailified and know what you can afford you should begin working with a buyer broker who will look out for your best interests. A buyer broker usually has no cost to you as they get paid from the listing broker at closing. If you need a buyer broker i would love to assist you. Once you have a buyer broker you should then get a list of teh houses that meet your criteria and price range, drive by them, check out the neighborhoods and determine which ones you want to get into. From there It is up to you whether you want to go inside or wait until you get back. I say go and look. If you happen to find the house you love you can work the dates for inspections around your vacation, if you dont find anything it will help you and the broker assist you in finding what you do and do not like, Good luck with your search and have a great vacatation. please feel free to email me if you would like some help. firstname.lastname@example.org
The talking points docs are so cool. I just knew there where just way to many realtors saying the exact same thing.
Excellent inside job work.
What an incredible scam real estate is and has been. It is so completely methodical as in psychological warfare.
I always wondered where agents got the conviction that they as agents knew something I did not about the markets. This talking points document clears it right up. Agents are convinced by repetitive conditioning that they as agents have incredible and secret powers that are bestowed upon them by the NAR. I wonder if the ceremony is anything like the one " in eyes wide shut". Note the us vs. them dichotomy to invoke a sense of superiority within the unsuspecting agent. The NAR can take an inocent little school girl and transform her into a carnivorous predator.
Does that mean if you're a Realtor you can't read and believe whatever you want? I knew NAR had a lot of " repeat the company line people " but no freedom of thought!
Timers, Do some reading and thinking would be my advice, it will help you tell the difference between expertise and "Best time to buy" NAR talking points.
Like these.... http://www.realtor.org/wps/wcm/connect/cba8180049a0e5f88a8ef
May 28 (Bloomberg) -- Mortgage delinquencies and foreclosures rose to records in the first quarter and home-loan rates jumped to the highest since March this week as the governmentâ€™s effort to fix the housing slump lost momentum.
Realtors have no credible evidence to back any claims of recovery...nada. Do you see realtors buying homes? Nope. They are trying to dump the ones they bought in 2006 as "investments" . OOPS!
Funny how every month the bottom is in isn't it?
I am of the opinion that we have achieved the bottom of the market, although maybe not in Iowa.
The NAR indicates that the USA market grew 3% nationally in April, and 18% in Florida. So you see real estate is local--not national. Anyway, take your advice from professionals. Find a Realtor you like and then find the house of your dreams.
Your honest anxiety over when to start the home buying process is commendable. Especially when you consider you will be making a 30 year commitment to a bank and spending more money than you have likely ever spent before. This is such a big event in most folks lives that some even CANCEL their vacation--can you imagine?
But if you feel that a good time to start your search is after you return from vacation, then by all means, try to put home buying out of your mind until then. If you are really ready to start searching now, get yourself preapproved by a mortgage company or bank, find an Agent you like, and start the process now.
You might even have a better idea of what you want to buy if you see 6 or 8 homes now--then go on vacation and while you are away discuss what you actually need and then what you actually want. I have often advised my clients to go get a bottle of wine and discuss what they need and want. Then the next day they often have a different list of what's important to them. So your vacation may give you the time to think through what you need--and that can save you money in the long run both on real estate and divorces.
Also, while you are on vacation you can keep up with the new listings via email. So with few distractions you can devote the time you need to to evaluating the various options.
http://mortgage-x.com/general/rate_trend.asp ... http://mortgage-x.com/trends.htm
Market ? ... http://www.newyorkfed.org/mortgagemaps/
Have a nice vacation, Dunes
My office has a 3 bedroom 2 bath condex in Plaistow for sale for $200,000. Contact me if you'd like some more information!
Century 21 Family & Associates
Office - (603)926-9846
Cell - (603)686-0111
The two pieces of the process that a vacation can effect is the home inspection(you have limited time to perform one) and the financing. There is no reason you can't completely square away the financing prior to vacation by starting the process now.
I happen to be licensed in MA and NH and currently reside in Plaistow. I specialize working with first time home buyer's. If you would like to talk about your upcoming purchase give me a call.
This sounds like a personal decision that can only be made by you. If you are nervous about rates and hate to wait until after your trip, then maybe you need to weigh your options and consider postponing the vacation. I'm not sure of the details of your trip, but if you plan on being gone for a week, it's probably no big deal. As far as your vacation interfering with the purchase process, I definetely wouldn't go making any offers if you plan on leaving town. Especially if you want to actually enjoy your vacation without having to make decisions, take phone calls, e-mails, faxes, etc. As far as stages in the buying process goes, the initial week to 10 after contract acceptance are very busy for the buyers, and you really need to be in town for inspections, etc. Best of luck to you and enjoy your vacation (whenever it may be).
You probably don't want to get involved with negotiations, home inspections, and more negotiations just prior to leaving. Those things are usually handled within days of an accepted offer, but you want to be able to give it the attention that such a large purchase deserves.
Perhaps while you are on vacation, an agent that you feel comfortable with could keep an eye on the market and even preview properties for you in your absence. That way, when you return, you'll already have a good jump on what is available in your price range,and can visit suitable properties as soon as you return. If you're not currently working with an agent, and you have more questions that you'd like to ask privately, you are welcome to contact me by phone (603-965-5196) or email (Valerie@SNHhome.com),
Accredited Buyer's Representative
NH & MA Real Estate Services