The Motley Fool Discussion Boards

Previous Page

Personal Finances / Buying or Selling a Home

URL:  http://boards.fool.com/sorry-for-the-belated-reply-but-in-answer-to-your-13817969.aspx

Subject:  Re: How did you do it? Date:  12/1/2000  1:26 PM
Author:  brewer12345 Number:  15467 of 128686

Sorry for the belated reply, but in answer to your question we put down 20%.

WRT the housing market being through the roof, I'm not suggesting that you aty out of the market forever, just that you be prepared to wait a little bit when you start looking. Its very tempting to jump on the first place you like, regardless of the consequences. It sure looks as if the economy is cooling, so you might profit by waiting and watching.

Even if you are planning on staying forever, price does matter. You don't have any way of knowing if circumstances will force you to move. If that were to happen, you'll most likely want to be able to sell your place for more than you owe on it, right?
Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us