If a house is priced appropriately, make a bid 10 percent below that amount.
Sentiment: NEGATIVE
What people ask for has nothing to do with the value of a property. You might see a listing for $300,000 and think you should make a $250,000 bid. But hyper-focus on what the house is worth. You should know what the house is worth by looking at comparable properties. Base your bid on that.
The key to house prices is the share of foreclosure or short sales in the total housing market. When that share rises, house prices will fall, because distressed properties sell for significantly less - currently around 25 percent below non-distressed houses.
It's easy to underestimate the real cost of home ownership.
If I had high-ticker 10 percent financing, which would probably be the market rate, I would have to dump stuff. The interest payments would be killing me.
If you're going to live in the house make it your goal to just pay off your mortgage.
You don't make houses cheaper by making them more expensive to build.
A home is a home, and excess supply leads to prices falling.
Raise your auto and home deductibles to $1,000 or more, and your premium cost falls at least 10 percent.
We believe the 36, nearly 40, billion pound discount given for a right to buy houses took a million houses out of the public housing sector which is desperately needed for rent.
Ignore the annual percentage rate when shopping for a mortgage.