Talk of The Villages Florida - A ray of hope for us want-to-bes!

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She is right appraisals are low.

Quote:

Originally Posted by TommyT (Post 472805)

I spoke to the realtor that shown our house to her clients during our home inspection today and both said the forclosures and short sales are slowing because of the junk on the market and resales are booming. She said people are buying resales at an alarming rate.. FAST.... now the but. She said the appraisals are coming in way under as the "conservative appraisers" the lenders are using. So, one sign resales are up, but they are not returning fair appraisals. I hope she was wrong in that aspect.

Good luck everyone. Us Georgia (metro Atlanta) people to meet up if we "ever" get to the villages....

We just refied to get the new lower rates as it looks like we will be here for a year or two more and the appraisal came in at 30% under what we have invested and about 25% under what the realtors think we could get. They gave no value to what was in the past considered a big item the view and a corner lot. They said these days they go by dollar per square ft and then level of construction. I would get more if lightening struck and it burned down than what they appraised it at. The realtors say that they are educating their clients that they will have to come up with more than 20% down to buy as no appraisals are coming in at what the market is at.

So good news market has come back some. Bad news that unless someone is trading up to your house then they probably won't have the down payment and then you have to hope they have already sold their house and don't want a congency.

looking for a glimmer of hope

We have been trying to sell Hubby's house in Harford County, MD ( a burb of Baltimore). The house have been on the market for 1 year without any contract offers.

We have dropped price, offered incentives, but to no avail.

We tried auction, but witout success. Pulled the house off market, are doing some makeovers, and will try again in a few weeks with a new realtor.

The market here continues to be pretty dismal. We thought BRAC realignment would help, as lots of people were moving to this area. What we have found is that they too, cannot sell their homes in NJ, so they are renting apartments, and commuting home on the weekends.

Fingers crossed - we hate paying 2 mortgages, upkeep on 2 homes, when we are not enjoyning them. Now if the 2nd home was in TV..... that would be differend.

Wishing luck to all the sellers out there.... Keep the faith.....

Hi Yankee Quilter,
We live in New Hope, Pa. which is about 30 miles East of Phila and are familiar
with Lock Haven. So you have a lot in Charlotte. We can't buy till this is sold
next year. Trust me it will be a long wait, plus I am sick of working.
We are new to the computer and hope I do these msgs. correctly.
It's bugging me to be there for Paddock Sq. opening but I am told all good
things come to those who wait. I have a problem with waiting.
Good luck in Charlotte. Also, I have the care of 2 elderly sisters so hope I
can get them close enough to walk to Paddock Sq. so I get a relief on time.
They are 2 years apart but I am 16 yrs younger.

Keep in touch.

Mar/Bob