All Topics / Help Needed! / Buying First Home

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  • Profile photo of cfdaviscfdavis
    Participant
    @cfdavis
    Join Date: 2004
    Post Count: 3

    Hi,
    We saw a property worth $230,000 offered $220,000 cash sale, this being our first home. They came back and said it was not enough. I said don’t worry we won’t proceed.Looking at prices it seems they are going down and everything is overpriced. Should we wait till December when interest rates go up. Looking around it seems the prices should drop more.
    [blink]

    C.F.Davis

    Profile photo of voigtstrvoigtstr
    Member
    @voigtstr
    Join Date: 2005
    Post Count: 176
    Originally posted by cfdavis:

    Hi,
    We saw a property worth $230,000 offered $220,000 cash sale, this being our first home. They came back and said it was not enough. I said don’t worry we won’t proceed.Looking at prices it seems they are going down and everything is overpriced. Should we wait till December when interest rates go up. Looking around it seems the prices should drop more.
    [blink]

    C.F.Davis

    seems a fair thing to do. When I bought my unit it started at 178000. They then asked for 180,000.

    I signed on 180,000 but said thats my walk away price, if they go higher, I’ll look elsewhere, as its not the only unit on the market…

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