Comments on: Prospective Home Buyers, This is an Opportunity of a Lifetime – Don’t Screw it Up

By: PEI real estate

PEI real estate — Tue, 05 May 2009 12:07:35 +0000

Very Nice Post and I will follow it

By: Tracey

Tracey — Fri, 06 Mar 2009 22:25:20 +0000

You could also mention the new tax credit that targets first-time homebuyers. the credit is %10 of the purchase price of the home, with a max credit of $8,000. The tax credit works like an interest free loan and must be repaid over a 15 year period.

By: Financial Lessons » Blog Archive » Prospective Home Buyers, This is an Opportunity of a Lifetime - Don’t Screw it Up

Fri, 19 Dec 2008 13:56:53 +0000

[...] Heidi wrote an interesting post today onHere’s a quick excerpt [...]

By: Buck

Buck — Fri, 05 Dec 2008 20:22:00 +0000

Buying a home during the next few years is not the ‘opportunity of a lifetime’ or a ‘tremendous opportunity’. It will merely be buying a home at a historically ‘normal’ price, via ‘normal’ lending standards. It is BUSINESS AS USUAL, like the PAST CENTURY or more. The ‘opportunity of a lifetime’ was flipping homes from ‘02-’06 during the bubble with ‘free’ money. The opportunity of a lifetime (literally, lending practices had NEVER been so lax) HAS PASSED. Its OVER, so get OVER it. Anyone salivating over the ‘opportunities’ (i.e. housing ‘correction’) has clearly learned nothing from the past decade. It was an anomaly; you missed it; so calm down and return to planet earth.

By: Fab Five: Quick Turnaround Edition | Frugal Dad

Fab Five: Quick Turnaround Edition | Frugal Dad — Fri, 05 Dec 2008 14:11:15 +0000

[...] Prospective Home Buyers, This is an Opportunity of a Lifetime – Don’t Screw It Up. This is an excellent article outlining how to safely take advantage of the current real estate cycle. I say “safely” because the author emphasizes the importance of only buying what you can afford. Sounds like good old-fashioned common sense doesn’t it? But, it’s an excellent point because people ignoring that advice is what got us here. [...]

By: briang467

briang467 — Thu, 04 Dec 2008 07:52:08 +0000

You didn’t address the interest rate/mortgage question. Because of the credit crisis there will be fewer ARMs approved and more fixed rate loans made.

While the window on housing prices may be open for a long time, the window on great interest rates may be shorter. The Fed will continue to hack away at the rate to try and get things going, but they’re likely to be careful about making money too cheap, and at the first signs of recovery interest rates will probably go up.

So I’m thinking the most opportune time to lock in a low rate on a 30-year fixed-rate mortgage will be sometime in late 09 or early 10.

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Wishlist Brings Amazon Back and More — Wed, 03 Dec 2008 14:09:12 +0000

[...] Prospective Home Buyers, This is an Opportunity of a Lifetime – Don’t Screw it Up A look at the positive side of the home buying market. A nice change since normally all we read about is gloom and doom. [...]

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Help Me Pick A New Logo Design? — Mon, 01 Dec 2008 02:19:06 +0000

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By: Hustle Strategy

Hustle Strategy — Mon, 01 Dec 2008 01:14:20 +0000

Great advice. it is never a bad time to be prepping, especially in this market. Raleigh might be like Toronto a bit. We weren’t too inflated, but we haven’t dropped any yet.

By: Weekly Roundup - Thanksgiving Edition | Cash Money Life | Cash Money Life

Sun, 30 Nov 2008 18:04:45 +0000

[...] Prospective Home Buyers, This is an Opportunity of a Lifetime – Don’t Screw it Up. I’m not in the market for a house right now, but the real estate market may present some great buying opportunities for those looking to buy. Just be sure to learn from the current financial crisis and buy your next home the right way. [...]