NolaP
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Cash: $ 11.25
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Joined: 17 Feb 2011
Location: USVI
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I live in the USVI and am looking to buy a condo or home, my first one. Is now a good time to buy, or should I wait a while longer and hope prices come down? Homes here are really expensive, and though I'd love to buy one, I might be confined to the condo market if I buy now. Any thoughts?
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Tue Mar 29, 2011 1:48 pm |
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sirmikey1
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Location: USA
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Have you considered going through Fannie/Freddie/HUD and the major banks to look through their foreclosure auctions? If you can buy a home for half price with very little work needed, then you should be okay. It's a buyers market.
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Tue Mar 29, 2011 2:19 pm |
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namratasnv
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quote:
Originally posted by sirmikey1
Have you considered going through Fannie/Freddie/HUD and the major banks to look through their foreclosure auctions? If you can buy a home for half price with very little work needed, then you should be okay. It's a buyers market.
I have heard about HUD bank and this provide very good services that are worth effective in terms of knowing different ways of buying home.
http://www.connecticutwebuyhouses.com/
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Wed Mar 30, 2011 8:13 am |
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NolaP
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Location: USVI
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In the USVI, you have to get a mortgage loan from a local broker, stateside banks are not allowed to give loans for homes here, from what I understand. I will look into seeing if the larger banks here First Bank, Scotia Bank and Banco Popular, have any foreclosure auctions. Thank you for the advice!
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Thu Mar 31, 2011 2:27 pm |
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savana
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Now, it will be easier to buy house or a condo due to the fact that, foreclosures are now happening and one can better invest in residential property and can own their house.
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Sat Apr 02, 2011 6:08 am |
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yor12ks
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I think this is the most universal forum for all of the members here throughout the world to see their related topic and leave the comments as anything you know about that. So keep your tour here for the more enjoyment. Thanks
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Sat Apr 02, 2011 12:22 pm |
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savana
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I will be getting updated everyday by different stuffs here so that, it will be necessary knowing different facts that are usually we have not heard or listen about real estate market.
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Tue Apr 05, 2011 1:54 pm |
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laura.alamery
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Location: St Louis, MO
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| Buy, why not? :) |
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You live in such a beautiful place and you cannot go wrong by buying now and a condo. I am sure you can always rent it down the road as a vacation home and buy a bigger home when finances permit.
As far as prices going down, I hope not, but in case they do, you should still buy now if you can afford it and you think that it would make sense as an investment property (possible rental income spread to mortgage payment is good.) If prices go down, rent the condo out and buy a house for yourself.
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Thu Apr 07, 2011 5:43 am |
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AtoZ
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I like the condo idea provided you are able to consider renting it down the road. It is a buyers market in most regions. Good luck.
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Thu Apr 07, 2011 6:47 pm |
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namratasnv
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Yes, condo can be better and can be rented but, if there are some possibilities of buying affordable condo then it will be much better option to choose.
http://www.connecticutwebuyhouses.com/
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Fri Apr 08, 2011 11:02 am |
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kate032
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Location: Michigan
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quote:
Originally posted by yor12ks
I think this is the most universal forum for all of the members here throughout the world to see their related topic and leave the comments as anything you know about that. So keep your tour here for the more enjoyment. Thanks
This money forum attracts the strangest responses that are completely nonsensical. I wonder why.
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Sun Apr 10, 2011 12:09 am |
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savana
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When I was looking for the first home, I dont have that much capital with me to spend but after that, I got the best price valued investment which is better and then I came to know about loan and different loan modification criteria that I can better look for further also.
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Mon Apr 11, 2011 10:09 am |
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DarkLender
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Better to plan first. But remember this thoughts, as time goes by the price of houses will not going down, in contrast it will go up. Remember too, to consider what you need and not what you want. In today's world we must be practical.
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Wed Apr 13, 2011 2:46 am |
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namratasnv
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It is better to look for the right time so that, it will be much better to plan it accordingly. It is true that the price will go up and at that time it will be quite difficult to make a purchase.
But, it is still necessary and worth effective in finding better place to live.
http://www.connecticutwebuyhouses.com/
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Wed Apr 13, 2011 10:48 am |
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NolaP
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Cash: $ 11.25
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Joined: 17 Feb 2011
Location: USVI
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Thanks for all the posts, and the information! I haven't bought the condo yet but the owners are taking a portion of the rent toward the purchase, so I'm getting somewhere at least. 
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Wed Apr 13, 2011 3:51 pm |
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