Naveen, Home Buyer in chandra

We are buying 626 Penetencia st, milpitas, CA 95035. What will be the price of this house in 2months. Will it?

Asked by Naveen, chandra Tue Nov 18, 2008

fall or stay?

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Answers

4
How much will a particular home sell for in 2-3 months?
Surely you can see the folly in this question:
The amount that any house is worth will depend on LOCATION, CONDITION AND DEMAND.
Naturally the Location is the primary factor.
But you must include Upgrades, Interest Rates and Programs.

Historically, 2-3 mos would take you to Sept and Oct which are down months because everyone is back at school and settled.

But, the most important factor for you to consider is that Real Estate cannot be measured in 2-3 month increments: Real Estae is a long term process 3-5 years.

Another consideration is your desire to live in THAT HOUSE:
Would you rather have a crappy house in a bad neighborhood that you made a great buy on, or,
Would you rather have a beautiful house in a great neighborhood to raise your kids in?

Good luck and may God bless
0 votes Thank Flag Link Sun Jul 3, 2011
As we've all witnessed, prices fell since the question was asked. However, that still doesn't help present buyers assess the market. With the approximate 20% drop, prices seem to have stabilized with few sellers coming on to the market. Over the remainder of 2011 and into 2012, prices will remain soft as buyers either face financing difficulties or personal uncertainties. Meanwhile, property prices are finding support from cash buying investors who sense good return opportunities. Even though many investors don't need prices to go up, the expectation is built in over the next 12-18 months. Since it takes a while to buy, if you find a good property today at a good price, you should pick it up.
Web Reference: http://www.archershomes.com
0 votes Thank Flag Link Sun Jul 3, 2011
15% less
Including fees
Good luck
0 votes Thank Flag Link Fri Mar 4, 2011
NO ONE KNOWS the FUTURE!!! But what is certain is that if you close this transaction, your loan was based on your true income, and that the loan that you will get should be a 30 yr FIX, and that you will provide a good home to your family.

When you're in the Market to Purchase a home at todays Market, you should know that this is for a long term investment, not a 3-5 year deal, that hopefully I double up on value... those days are over.

If you're looking for an investment property that will provide you with a positive rental income flow, you have to buy a triplex of four-flex, put 30% down and rent them out. Also, you have to go to Stockton, Modesto to find below $250k multi-unit.

But if you're buying for your family then, go for it, that area is ok, but we can't predict what the Market will dictate.
0 votes Thank Flag Link Thu Apr 30, 2009
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