Making this our official " House searching Thread "

This is our official house searching thread...real estate and all!!! DH and I have been searching the market for over a year and I prob have every house on mlsli memorized!!! We have ultimately narrowed it down to very few and certain areas after going every weekend to look around. The areas are, Sayville, west sayville, great river, Oakdale, East Islip, Possibly Bayport and Bluepoint ( a little to far east though )

On the North shore which we are considering also, we are looking in, SMithtown, port jeff, some areas of port jeff station, centerport, northport and setauket.

So far we have found some amazing deals...but I have NOT found that PERFECT house...I wonder if there is such a thing???

SO ladies...lets help each other out and talk real estate....!!!! Anything goes!!!

Message edited 2/3/2008 7:57:05 PM.

Re: Those of you looking for houses....

Medford has it's good parts and bad parts...i grew up very close to there.....

we just came back from looking athouses today We have been looking for about 6 months ....(we don't have to move right away) Keep reminding yourself things will start to pop up in the spring summer....that's usually when people decide they want to move and want to do it before the school year starts...I have to remind myslef that too, it's hard but you'lll find something... what are you looking for? ranch, splanch, high ranch, colonial?

Re: Those of you looking for houses....

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Posted by tinadansr

Medford has it's good parts and bad parts...i grew up very close to there.....

we just came back from looking athouses today We have been looking for about 6 months ....(we don't have to move right away) Keep reminding yourself things will start to pop up in the spring summer....that's usually when people decide they want to move and want to do it before the school year starts...I have to remind myslef that too, it's hard but you'lll find something... what are you looking for? ranch, splanch, high ranch, colonial?

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Re: Those of you looking for houses....

This is a great thread. If anyone knows the Merrick area well, let me know, I have a question!

Re: Those of you looking for houses....

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Posted by MikeandJess

This is a great thread. If anyone knows the Merrick area well, let me know, I have a question!

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Re: Those of you looking for houses....

Girls be patient, and remember, you can bid A LOT lower now, it's a buyers market!!!! We bid on a house in September and the sellers called us on NY Eve accepting our offer!!!!

Re: Making this our official " House searching Thread "

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Posted by DiamondPipa

Girls be patient, and remember, you can bid A LOT lower now, it's a buyers market!!!! We bid on a house in September and the sellers called us on NY Eve accepting our offer!!!!

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Re: Making this our official " House searching Thread "

Also note that real estate is expected to take another dive- 30% is the most analysts are predicting. Gives people hope!

Re: Making this our official " House searching Thread "

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Posted by curiousgeorge

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Posted by DiamondPipa

Girls be patient, and remember, you can bid A LOT lower now, it's a buyers market!!!! We bid on a house in September and the sellers called us on NY Eve accepting our offer!!!!

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I NEED to hear more stories like this one!!!! Do you mind telling me how much less you bid? Congrats

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Re: Making this our official " House searching Thread "

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Posted by femmes

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Posted by curiousgeorge

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Posted by DiamondPipa

Girls be patient, and remember, you can bid A LOT lower now, it's a buyers market!!!! We bid on a house in September and the sellers called us on NY Eve accepting our offer!!!!

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I NEED to hear more stories like this one!!!! Do you mind telling me how much less you bid? Congrats

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This year will be the time to buy, i have been looking myself. Take into consideration what you will be paying mortage, taxes, insurance etc. does the house need work? How much will you need just to update? Set the price where you will be comfortable so if they say no, you can go a bit higher if the house is what you really want..Houses arent selling the way they used to, so make it work for you..

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Re: Making this our official " House searching Thread "

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Posted by curiousgeorge

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Posted by femmes

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Posted by curiousgeorge

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Posted by DiamondPipa

Girls be patient, and remember, you can bid A LOT lower now, it's a buyers market!!!! We bid on a house in September and the sellers called us on NY Eve accepting our offer!!!!

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I NEED to hear more stories like this one!!!! Do you mind telling me how much less you bid? Congrats

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This year will be the time to buy, i have been looking myself. Take into consideration what you will be paying mortage, taxes, insurance etc. does the house need work? How much will you need just to update? Set the price where you will be comfortable so if they say no, you can go a bit higher if the house is what you really want..Houses arent selling the way they used to, so make it work for you..

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Okay so say I see a house for 400k,...we it be NORMAL and OKAY for us to offer 300K??? haha
Im sorry for the silly question, but this is our first time and we dont have any friends or family who
recently bought or are buying.

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Re: Making this our official " House searching Thread "

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Posted by MikeandJess

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Posted by curiousgeorge

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Posted by femmes

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Posted by curiousgeorge

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Posted by DiamondPipa

Girls be patient, and remember, you can bid A LOT lower now, it's a buyers market!!!! We bid on a house in September and the sellers called us on NY Eve accepting our offer!!!!

---

I NEED to hear more stories like this one!!!! Do you mind telling me how much less you bid? Congrats

---

This year will be the time to buy, i have been looking myself. Take into consideration what you will be paying mortage, taxes, insurance etc. does the house need work? How much will you need just to update? Set the price where you will be comfortable so if they say no, you can go a bit higher if the house is what you really want..Houses arent selling the way they used to, so make it work for you..

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Okay so say I see a house for 400k,...we it be NORMAL and OKAY for us to offer 300K??? haha
Im sorry for the silly question, but this is our first time and we dont have any friends or family who
recently bought or are buying.

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I had the same question! We found a house for $439, and I told FH let's go in at $400 and he told me that my negotiation skills are lacking, lol

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Re: Making this our official " House searching Thread "

We are looking...but not in LI.

We want a house (in the next 3-5 yrs because of the HUGE amount of down payment we will have to post)...but are seeing lots of houses being stagnant on the market. Condos and coops are dropping prices, but houses are being up for sale for half a yr and more and not moving. Sellers are asking a lot more than buyers can afford. At this point in time, it makes a lots more sense economically for us to rent. Rental prices have not gone up astronomically like the house prices.

I have a couple of friends who underquote a couple of places and wait (but you have to be flexible).

Good luck.

Re: Making this our official " House searching Thread "

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Posted by znycgirl

We are looking...but not in LI.

We want a house (in the next 3-5 yrs because of the HUGE amount of down payment we will have to post)...but are seeing lots of houses being stagnant on the market. Condos and coops are dropping prices, but houses are being up for sale for half a yr and more and not moving. Sellers are asking a lot more than buyers can afford. At this point in time, it makes a lots more sense economically for us to rent. Rental prices have not gone up astronomically like the house prices.

I have a couple of friends who underquote a couple of places and wait (but you have to be flexible).

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Thank You!!!
I told myself that....if we dont find something we LOVE, there is no way in H$LLLL we are buying, and I would much rather rent. I lovee loveee our apartment adn i would stay here for a very long time, BUT husband makes big bucks and he pays more in taxes then I make in a year....I figured it might be most wise if we have write offs...SOOO hopefully we can find something in that 350 range that we LOVE....phewwww...glad I got that out

bang:

Message edited 1/13/2008 10:22:15 PM.

Re: Making this our official " House searching Thread "

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Posted by curiousgeorge

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Posted by DiamondPipa

Girls be patient, and remember, you can bid A LOT lower now, it's a buyers market!!!! We bid on a house in September and the sellers called us on NY Eve accepting our offer!!!!

---

I NEED to hear more stories like this one!!!! Do you mind telling me how much less you bid? Congrats

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Re: Making this our official " House searching Thread "

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Posted by DiamondPipa

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Posted by curiousgeorge

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Posted by DiamondPipa

Girls be patient, and remember, you can bid A LOT lower now, it's a buyers market!!!! We bid on a house in September and the sellers called us on NY Eve accepting our offer!!!!

---

I NEED to hear more stories like this one!!!! Do you mind telling me how much less you bid? Congrats

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I just saw that this thread is thriving!!! We got our house 12% below asking!!!!!! let's just say we offered 15% below asking and worked our way up a little. Our broker even cut her commission b/c she wanted us to get the house!!!!!

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Re: Making this our official " House searching Thread "

We were told you dont want to insult the seller so i think a 300K bid on a 400K house would be pushing it unless the house was falling apart.
WHen my parents sold there house (in Bayport) the first guy offered 120K less than what they were looking for my dad got insulted and decided not to sell to him ...he took it personal not that everyone will do this but you do have to watch


and believe me we saw one of those today...they wanted 425 for a house with holes in the foundation ....and temporoary support beams holding up the wood beams in the basement ....
it said new appliances but the fridge had rust all over it....it was disappointing

But then again we did see a ery nice one today that was def worth the money I cn't disclose anymore than that cause we may put a bid down!

Re: Making this our official " House searching Thread "

Oh my!!! Thats a good point also....I would NEVER want to insult anyone!!!!

Re: Making this our official " House searching Thread "

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Posted by curiousgeorge

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Posted by DiamondPipa

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Posted by curiousgeorge

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Posted by DiamondPipa

Girls be patient, and remember, you can bid A LOT lower now, it's a buyers market!!!! We bid on a house in September and the sellers called us on NY Eve accepting our offer!!!!

---

I NEED to hear more stories like this one!!!! Do you mind telling me how much less you bid? Congrats

---

I just saw that this thread is thriving!!! We got our house 12% below asking!!!!!! let's just say we offered 15% below asking and worked our way up a little. Our broker even cut her commission b/c she wanted us to get the house!!!!!

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Wow....thats awesome!!!! Way to go You are my new inspiration......

" I know of this girl on LIW, that said she got HER house 12% below...so that means We can too " hahaa

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Re: Making this our official " House searching Thread "

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Posted by DiamondPipa

Girls be patient, and remember, you can bid A LOT lower now, it's a buyers market!!!! We bid on a house in September and the sellers called us on NY Eve accepting our offer!!!!

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Re: Making this our official " House searching Thread "

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Posted by curiousgeorge

Oh my!!! Thats a good point also....I would NEVER want to insult anyone!!!!

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Re: Making this our official " House searching Thread "

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Posted by DiamondPipa

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Posted by curiousgeorge

Oh my!!! Thats a good point also....I would NEVER want to insult anyone!!!!

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haha we had this experience, we bid almost 200K less on a home that needed gut renovation. Needless to say, we never heard back from the sellers!!! hahaha

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Re: Making this our official " House searching Thread "

I live in Patchogue. Like someone said be careful in medford. Make sure the school district is Pat-med and not bellport. Some parts of medford are too close to coram and there is ALOT of crack heads and heroin addicts. So be aware of what area medford you look at. but if its more on the north side of medford that is a nice area. LOL

Re: Making this our official " House searching Thread "

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Posted by jonsgirl04

I live in Patchogue. Like someone said be careful in medford. Make sure the school district is Pat-med and not bellport. Some parts of medford are too close to coram and there is ALOT of crack heads and heroin addicts. So be aware of what area medford you look at. but if its more on the north side of medford that is a nice area. LOL

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Re: Making this our official " House searching Thread "

what a great thread we have been looking to buy a home since the summer-- it is hard & we are looking in the bayside, glen oaks, floral park, new hyde park, etc area-- its not easy we havnt found what we are looking for yet-- my father is an investor and so I have access to MLS, so I have seen basically everything for sale with our required credentials-- I just wanted to add-- If you want to know what type of area a town is you can google it-- or look at citydata.com it will tell you everything you need to know!!

Also I just wanted to say that if the house needs a little work you can really save a lot on the price.. and as stated abovefor a 439k an offer of 400k would be fine.. If you even offer them 395k or maybe a little less you would really be surprised at how much less the houses are selling!

Good Luck everyone-- I know A LOTTT about MLS and the buyers market-- feel free to ask any questions ladies

edited for typo

Message edited 1/13/2008 11:24:33 PM.