Comments on: Taking the Plunge http://dc.metblogs.com/2008/02/25/taking-the-plunge/ Sat, 27 Nov 2010 12:28:40 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Mary De Luca http://dc.metblogs.com/2008/02/25/taking-the-plunge/comment-page-1/#comment-13172 Mary De Luca Tue, 26 Feb 2008 02:47:52 +0000 http://dc.metblogs.com/2008/02/25/taking-the-plunge/#comment-13172 Wayan is absolutely right. A home is a place to live first.....the investment part comes with time. If you are looking in Arlington/Alexandria- don't expect big drop in prices. If you look at the sales data from last year- you will see that prices actually went up in certain parts of the area. Good lock Wayan is absolutely right. A home is a place to live first…..the investment part comes with time.

If you are looking in Arlington/Alexandria- don’t expect big drop in prices. If you look at the sales data from last year- you will see that prices actually went up in certain parts of the area.
Good lock

]]> By: Wayan http://dc.metblogs.com/2008/02/25/taking-the-plunge/comment-page-1/#comment-13171 Wayan Tue, 26 Feb 2008 02:00:50 +0000 http://dc.metblogs.com/2008/02/25/taking-the-plunge/#comment-13171 Got one word for you: <a href="http://dc.metblogs.com/archives/petworth/" rel="nofollow">Petworth</a>. I <a href="http://www.bellybuttonwindow.com/2007/america/banking_million_mortgage.html" rel="nofollow">took the plunge</a> last April and couldn't be happier. Remember, a home is a place to live first, an investment second. Got one word for you: Petworth. I took the plunge last April and couldn’t be happier. Remember, a home is a place to live first, an investment second.

]]> By: Christopher Blunck http://dc.metblogs.com/2008/02/25/taking-the-plunge/comment-page-1/#comment-13170 Christopher Blunck Mon, 25 Feb 2008 23:17:23 +0000 http://dc.metblogs.com/2008/02/25/taking-the-plunge/#comment-13170 Actually this is a great time to buy if you have a historical perspective. Long term conforming loan rates can still be found for less than 6% and we're at a paused state in the never-ending housing upward sloping cycle. It's true that housing prices have become excessive in the past years but they have cooled and some decent discounts can be found (or at least settlement concessions from sellers). Actually this is a great time to buy if you have a historical perspective. Long term conforming loan rates can still be found for less than 6% and we’re at a paused state in the never-ending housing upward sloping cycle. It’s true that housing prices have become excessive in the past years but they have cooled and some decent discounts can be found (or at least settlement concessions from sellers).

]]> By: Ben R http://dc.metblogs.com/2008/02/25/taking-the-plunge/comment-page-1/#comment-13169 Ben R Mon, 25 Feb 2008 17:03:09 +0000 http://dc.metblogs.com/2008/02/25/taking-the-plunge/#comment-13169 Yeah, I've been watching the housing market since last summer; it's been fortuitous not having a house to sell, either - ours sold quick back in '05. With the glut of foreclosures and short-sells inhabiting Arlington and Alexandria these days, I'm confident we'll be able to get something well under market value. Our Realtor told us snagging something even 20% under value isn't unheard of, but I'm of a mind to really watch for that "As-Is" line in the documentation. No sense in making Home Depot an unofficial third investor here.... Yeah, I’ve been watching the housing market since last summer; it’s been fortuitous not having a house to sell, either – ours sold quick back in ’05. With the glut of foreclosures and short-sells inhabiting Arlington and Alexandria these days, I’m confident we’ll be able to get something well under market value. Our Realtor told us snagging something even 20% under value isn’t unheard of, but I’m of a mind to really watch for that "As-Is" line in the documentation. No sense in making Home Depot an unofficial third investor here….

]]> By: Scott http://dc.metblogs.com/2008/02/25/taking-the-plunge/comment-page-1/#comment-13168 Scott Mon, 25 Feb 2008 16:29:58 +0000 http://dc.metblogs.com/2008/02/25/taking-the-plunge/#comment-13168 Actually, if you don't own right now, it is a wonderful buying opportunity (well, maybe wait 4-6 more months). I'd imagine you could underbid by 10% and still get the place. You have a HUGE advantage by not having to worry about selling right now. Actually, if you don’t own right now, it is a wonderful buying opportunity (well, maybe wait 4-6 more months). I’d imagine you could underbid by 10% and still get the place. You have a HUGE advantage by not having to worry about selling right now.

]]> By: julia http://dc.metblogs.com/2008/02/25/taking-the-plunge/comment-page-1/#comment-13167 julia Mon, 25 Feb 2008 15:56:45 +0000 http://dc.metblogs.com/2008/02/25/taking-the-plunge/#comment-13167 Sounds like you guys have a clue about how to go about this and not to over extend yourselves. That puts you ahead of the pack before you even leave the starting gate! Good luck on finding that house! Sounds like you guys have a clue about how to go about this and not to over extend yourselves. That puts you ahead of the pack before you even leave the starting gate! Good luck on finding that house!

]]> By: Joseph LeBlanc http://dc.metblogs.com/2008/02/25/taking-the-plunge/comment-page-1/#comment-13166 Joseph LeBlanc Mon, 25 Feb 2008 15:08:32 +0000 http://dc.metblogs.com/2008/02/25/taking-the-plunge/#comment-13166 Good luck on the house hunting. I've toyed with the idea of moving *back* to Western PA, but we'll see. Good luck on the house hunting. I’ve toyed with the idea of moving *back* to Western PA, but we’ll see.

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