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The Water Cooler
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<blockquote data-quote="TerryMiller" data-source="post: 3429410" data-attributes="member: 7900"><p>Youngest son has been looking to buy a house, and we've been helping him look. He is/was interested in something like 3br/2bath house of about 1500 sq ft. Houses have been in the range of $150,000 to $175,000, and the realtor has been telling us that houses in that range are going fast. Buyers pretty much have to agree to pay the price (and maybe some more) and pay the closing costs to be able to "win" the bidding war. We've received notices of houses that just went on the market that already have contracts on them.</p><p></p><p>We're advising that he wait and see if he can catch a buyer's market, which also lets him have time to build up a better down payment.</p></blockquote><p></p>
[QUOTE="TerryMiller, post: 3429410, member: 7900"] Youngest son has been looking to buy a house, and we've been helping him look. He is/was interested in something like 3br/2bath house of about 1500 sq ft. Houses have been in the range of $150,000 to $175,000, and the realtor has been telling us that houses in that range are going fast. Buyers pretty much have to agree to pay the price (and maybe some more) and pay the closing costs to be able to "win" the bidding war. We've received notices of houses that just went on the market that already have contracts on them. We're advising that he wait and see if he can catch a buyer's market, which also lets him have time to build up a better down payment. [/QUOTE]
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