JT

It means that the home has been occupied/owned previously, unlike a new home or a foreclosure. Hope this helps. - Mon Feb 4 2008, 21:41

It means that the home has been occupied/owned before. Other terms are new home for a home that had never been lived in/owned, and foreclosure, for a home that is being repossessed. Resale does sound strange doesn't it? - Mon Feb 4 2008, 21:39

What a creepy remark "This is your third post about selling homes that sounds a awful lot like you have some more serious questions that you are not disclosing."
I like asking questions thoughtful questions, but so far I've never gotten a less helpful or more creepy response than yours. I'm signing off for good. - Wed Jan 23 2008, 21:17

YGreat question. I say yes, because they present only national overviews & real estate is local. I think a ton of people are waiting to buy because they are terrified that they will buy something & it will then take a huge dive. They ahve the right to present their news but we need to be informed consumers & sellers. - Tue Jan 22 2008, 09:45

For a long time, I would never click on these because they are sooo slow & my patience timeframe is about 1 second! ;) Recently I've started looking at the panoramas that are posted. These are nice but sometimes they are skewed & make the rooms look funny. I've looked at some for homes I've seen in person & then went back if I couldn't remember the exact floor plan, which rooms were connected, etc. I think everyone definitely looks at photos though. - Tue Jan 22 2008, 09:33

I am not a realtor & I don't think realtors would be smart to advise people to wait to purchase, when they make their living off of transactions. It should be no surprise that they would advise making a transaction rather than waiting. However, many of them give quite fair & balanced answers & it is unwise to dicount their input.
It is a great idea to get local information from professionals and people, but no one has a crystal ball. No one can answer this question for certain. It's easy for people to say what happened in the past & indicate that the future might be worse, is definitely going to be worse, the sky is falling, etc. This is not proven. Guess what - there is also a chance that things may get better. It is a good time to buy because prices have dropped & interest rates are very low, and it makes even more sense if this is a home you & your family will live in for some time. It is very difficult to time a buy for the exact low point. If you buy now & hold years from now, you will likely not regret it. If you take the risk of waiting , you will be competing with increased number of spring buyers & may pay more interest & you also may get a lower price... or not.... best of luck t o you. - Mon Jan 21 2008, 12:05