Real Estate Values - Are They Starting To Stabilize Or Even Slide Up There?

Started by Rome, March 02, 2006, 12:13:45 PM

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rjs246

Is rjs gonna have to choke a bitch?

Let them eat bootstraps.

PoopyfaceMcGee

The first means that you have to provide all of your financial history. The second means that you have to put a deposit down when you make an offer, and the seller's agent will hold that until closing if the offer is accepted.

Diomedes

Quote from: FastFreddie on June 08, 2008, 06:22:06 PM
The first means that you have to provide all of your financial history.

Even the Klecko bet with vigy?
There is considerable overlap between the intelligence of the smartest bears and the dumbest tourists." - Yosemite Park Ranger

Diomedes

But seriously FF...it means we have to provide all of our financial history...to whom?  And why?  Is there some kind of difference between these listings and others that don't explicitly say as much? 
There is considerable overlap between the intelligence of the smartest bears and the dumbest tourists." - Yosemite Park Ranger

PoopyfaceMcGee

Not really.  What you should actually do is shop for a mortgage lender before a house.  You can figure out how much you can afford and "pre-qualify" (and get a letter proving as much).  So, the financials are then moot, because you've already proven someone's dumb enough to lend you the money you need to buy a certain amount of house.

And the deposit you put down is up to you - if you're going to low-ball the offer, you might want to try a bigger deposit to entice the buyer.  Ultimately, if they don't accept your offer, your check never even gets deposited.

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Diomedes

Quote from: FastFreddie on June 08, 2008, 08:52:14 PM
Not really.  What you should actually do is shop for a mortgage lender before a house.  You can figure out how much you can afford and "pre-qualify" (and get a letter proving as much).  So, the financials are then moot, because you've already proven someone's dumb enough to lend you the money you need to buy a certain amount of house.

I think I get it, thanks.  We're already pre-approved at a certain amount through a mortgage broker, with a letter to that effect in hand, so I guess I'm on the right track. 


There is considerable overlap between the intelligence of the smartest bears and the dumbest tourists." - Yosemite Park Ranger

Rome

I only wish things were as good now as they were when I started this thread.

Good Christ things are horrendous in the real estate game here in the Daytona area.  A full blown depression, actually.

PoopyfaceMcGee