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Nesgroup address: misc.invest.real-estate - Date & Time for the message: 6 Aug 2005 00:01:20 -0700
/ Author of the message: "James Of Tucson" |
Title of the message: |
Re: A buyer's hunt
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Text of the message: |
Heard about a property in a highly desirable location (personal preference) and got the offer written up before it was listed. I paid top dollar, about 5% over asking price, because I knew from hard experience that if I waited a single day, someone else would have done the same. I got real tired of getting outbid. I know I paid top dollar in an inflated market at the peak of some curve, but the beneficial impacts to my stress level might outweigh the extra few bucks on the payment. Here's something: I'm betting on 1% annual depreciation a pessimistic model, representing the worst case that still keeps my equity position ahead of renting. I know I'm being a chump, but, I don't have the opportunity to buy some farm in West Virginia for $10,000... And I was getting close to literally becoming homeless, no good houses on the local market, and me with a LOT of stuff and cats and dogs and so on, pretty much out of |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.