Aliso Condo Purchase

NEW -> Contingent Buyer Assistance Program
<p>People...I gave him the link to this blog! He was actually serious about the offer</p>

<p>John...Wherever you are! LISTEN!!! These guys know what they're talking about....</p>

<p>Should I make him give me the keys??? or in this case, his PEN???</p>

<p> </p>
 
<p>John - DON'T do it. At least wait a bit. If we bought a house last year when realtors were telling us that the market wasn't going to go down, we would have lost our 20% down payment in ONLY a year with the decrease in home value. Yeah, I realize you really don't "lose" until you sell; but what is the harm in waiting a year? I had a friend who bought in 1986 and it took her 10 years for her house value to go back to her purchase price. You never know if you have to sell - job relocation, sickness, etc. And if you sell, you are already losing about 6% from the realtors commission. </p>

<p>Just wait. Better deals will come along. And even if you LOVE that particular house. Trust me - there are better ones out there. Every time I think I found the PERFECT house - I find a better one. </p>

<p>rickhunter, please keep us updated on John. I hope he waits it out a bit. </p>
 
<p>John has since backed off the closing table and laid down his pen.</p>

<p>We showed him a 3/2 condo 1400sf selling for less than 400K in Aliso.</p>

<p>He has seen the light! Amen!!!!</p>

<p>PS. John added that his neighbor in Aliso was his realtor and was really pushing him into this original purchase. The realtard was showing him data that I think was not an accurate picture of what is currently out there!</p>
 
<p>There should be a public service announcement. . . we can hire some washed up actor (suggestions?)</p>

<p>It would go something like this:</p>

<p>Innocent buyer: But [insert C list celebrity name here], my realtor and mortgage broker tell me that $1 million for a 2 bdroom house in Irvine is a great deal. They keep telling me that it is a great time to buy and I need to buy before I get priced out</p>

<p>Celebrity: No, Innocent buyer, the fundamentals just do not support such a purchase. You need to walk away. </p>

<p>Innocent buyer's realtor: Do not listen to him. It is a great time to buy!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!</p>

<p>Celebrity: Just look at the other homes selling in the area (shows stats).</p>

<p>IB realtor: NOOOOOOOOOOOOOOOOOOOOOOO!!!!!!!</p>

<p>IB: Thanks, Mr. Celebrity. I think I will go find a nice rental.</p>

<p>Celebrity: No problem, IB. [Turn toward camera], If this happens to you, you need to put the pen down and walk away and if you know someone who is thinking about buying, remember: <em>"Friends don't let friends make offers</em>" </p>
 
<p>IrvineCommuter - I want Sean Connery to play the Celebrity and Donald Trump to play the realtard.</p>

<p>Seriously, There's innocent people who dont know what's going on. They are still being lied to by these realtards and we cant do anything about it! PISSES ME OFF!!!</p>

<p>I couldnt even convince my own FAMILY 2 years ago. Well, certain members anyway. All they do is listen to their friends. This same debacle happened when they were investing in the TECH Stocks back in 2000. I told them to sell!!! but nobody listened! DAMN!!!!</p>
 
<p>I bet the people selling that countered are pissed that he just walked away and are kicking themselves. You think the countered offer 1k below asking was their realtors idea?</p>
 
<p>HERE IT IS!</p>

<p><a href="http://www.movoto.com/real-estate/homes-for-sale/CA/Aliso-Viejo/26-Carlsbad-Ln-203_S491835.htm">http://www.movoto.com/real-estate/homes-for-sale/CA/Aliso-Viejo/26-Carlsbad-Ln-203_S491835.htm</a></p>
 
<p>I guess they did not want to go under water on the house. Purchase price in 2004: $411K</p>

<p><a href="http://www.redfin.com/stingray/do/printable-property?external_id=5607785">www.redfin.com/stingray/do/printable-property</a></p>

<p>Will not have much of a choice soon: Comp property (2bd 2 bath 1100 sq ft) $399k (170 days on the market)</p>

<p><a href="http://www.redfin.com/stingray/do/printable-property?external_id=5607785">www.redfin.com/stingray/do/printable-property</a></p>
 
<p>Glad your friend saw the light. Rick, have your friend go to the "Analysis" tab on the home page of this website. IrvineRenter wrote some great articles about this housing market. It will make your friend feel even better about holding back on his purchase.</p>
 
<p>CalGal - John's a believer now. He's checking your comments. I told him to create a login and start posting on why he was so clueless...LOL </p>
 
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