Riz

I'm a:	Home Buyer
Location:	Tampa

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Riz's Questions (2)

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I'm buying a bank owned home in Lutz with cash ($375k). How much should I expect to pay in closing costs?

Asked Tue Sep 9 2008, 16:29 by Riz - Tampa - Home Buying - 9 answers

Riz answered:

Wow! Don't worry, I don't take recommendations from people I don't know. - Thu Sep 25 2008, 10:19

hi i know nobody can predict the housing market. but still, can anybody tell 'the most probable' of the

Asked Tue Aug 12 2008, 08:29 by nj home - 08816 - Market Conditions - 17 answers

Riz answered:

LOL! Someone actually quoted Lawrence Yun!! Oh man, I didn't think any realtor was stupid enough to do that!! Please review his past predictions. He has been wrong 100% of the time. I'm not even exaggerating when I say 100%. Look it up. http://lawrenceyunwatch.blogspot.com/

Do not expect to see recovery until 2009. If you put 10%-20% down on the house and then cannot break even if you rented it out, then prices are still too high. In general, every honest financial analyst and economist realizes that when bubbles burst, eventually prices go back down to the levels they started at or even lower. You cannot argue with history and facts!! Don't listen to the "this time is different" crowd! - Tue Aug 12 2008, 13:45

is it a good time to buy a condo in Ybor?

Asked Mon Jun 11 2007, 14:02 by Tia Smith - Tampa - Home Buying - 11 answers

Riz answered:

Anthony,
I've seen Ikea open up in a few "up and coming" areas around the country. It rarely makes any difference. The neighborhood doesn't change at all. Up and coming areas don't "come up" as often as people think.

Tia,
It is NOT always a good time to buy. Now is NOT a good time to buy anywhere in Tampa. Prices have a long way to drop in ALL areas. These are facts that you can't afford to ignore. Renting is not a bad thing when you are avoiding buying a depreciating asset. Plus, right now it's cheaper to rent than own which means you are saving for your future in the long run. Please don't listen to sheeple who claim owning is the "American dream". It's only the American dream for people who make money from people buying homes. The real American Dream should be living free and not being a slave of your mortgage payment and depreciating home. - Thu Feb 21 2008, 10:48

Are prices going to fall more in the Tampa area?

Asked Fri Sep 7 2007, 12:46 by Riz - Tampa - Foreclosure - 14 answers

Riz answered:

To the one who quotes the Forbes article...check your history and other credible sources. Forbes is essentially E! for the corporate world. Not much credibility and I hope you're not selling to your clients based on this one article vs. 100 more that say the opposite. - Sun Feb 10 2008, 16:09

There hasn't been one convincing argument to buy right now. I guess it's smarter to rent for a year or so and wait until the market does normalize. The risk of buying is too much right now considering all the financial news out there, it's downright scary. Greenspan even warned that the market looks like it did right before the crash in 1987.
Additionally, if I do wait another, the risk of the market going up is extremely minimal. Appreciation will only be 1 or 2% vs. the potential 10-20% drop.
Thanks- looks like a much smarter decision to NOT BUY RIGHT NOW. - Sat Sep 8 2007, 06:27

That's the most irresponsible advice I have ever read. You say "go buy" like a robot, but then say the market is going to be a mess. You should be ashamed of yourself! - Fri Sep 7 2007, 15:56

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Asked Fri Nov 30 2007, 10:38 by Riz - Orlando - Home Selling - 9 answers

Riz answered:

Thanks Christopher. That's the first answer that is actually worth something. Some things I've seen in Orlando is that many realtors got into the game during the boom time and don't know how to sell now that it's a really difficult market to actually sell in or don't have the motivation to put in the extra work. They essentially became realtors for the wrong reasons as I see it.
I will definitely be doing thorough reasearch. - Fri Nov 30 2007, 19:11

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