golmaal govindam Posted July 18, 2012 Report Posted July 18, 2012 Maa friend okathanu US lo illu konali ani planning. Inka next 6 or so months lo teesukovali ani planning. Currently US lo home prices are good and constantly falling since couple of years. Inka 6 months lo elections and then new government will come. Is this the good time to buy homes? Or is it good to wait until the elections are over? Please give your inputs. Mee friends or relatives evaraina real estate matters lo knowledge vuntey adigi cheppandi plz. Thanks all.
psycopk Posted July 18, 2012 Report Posted July 18, 2012 real eastate ipudu perugutundi mama.. .houses hot cakes la potunai maa area lo...
golmaal govindam Posted July 18, 2012 Author Report Posted July 18, 2012 [quote name='psycopk' timestamp='1342633382' post='1302155731'] real eastate ipudu perugutundi mama.. .houses hot cakes la potunai maa area lo... [/quote] That means its good time to buy antava, rather than waiting for more time.
golmaal govindam Posted July 18, 2012 Author Report Posted July 18, 2012 [quote name='Little Star' timestamp='1342633243' post='1302155713'] Vaampire ki PM pettu bhayya [/quote] Athadi profile kaasta PM chestava... I couldnt find him.
Guest Posted July 18, 2012 Report Posted July 18, 2012 Home prices last 6 months nunchi konchem perugutunnayi gaani ippatiki takkuva unnayi but interest rates maathram all time low. mee friend 20% down cheyagaligithe maathram, i would say go for it...less than 20% gaani FHA gaani anukunte interest rates yekkuva and mortgage insurance lu kattalsi untadi..not worth it. Of course refinance cheskovachu but appudu interest rate yetta untado predict cheyalem Home buying is a huge proces ippudu start cheste atleast 6 months to 1 year padtundi. First ask him to get preapproval and get in touch with realtor
psycopk Posted July 18, 2012 Report Posted July 18, 2012 [quote name='DaVinci' timestamp='1342633440' post='1302155743'] That means its good time to buy antava, rather than waiting for more time. [/quote] good time to buy.. interest rates malli perugutai...
Spartan Posted July 18, 2012 Report Posted July 18, 2012 ma area lo picha rise ayyayi prices....costliest county in Bay Area....
psycopk Posted July 18, 2012 Report Posted July 18, 2012 [quote name='Guest' timestamp='1342633882' post='1302155806'] Home prices last 6 months nunchi konchem perugutunnayi gaani ippatiki takkuva unnayi but interest rates maathram all time low. mee friend 20% down cheyagaligithe maathram, i would say go for it...less than 20% gaani FHA gaani anukunte interest rates yekkuva and mortgage insurance lu kattalsi untadi..not worth it. Of course refinance cheskovachu but appudu interest rate yetta untado predict cheyalem Home buying is a huge proces ippudu start cheste atleast 6 months to 1 year padtundi. First ask him to get preapproval and get in touch with realtor [/quote] 20% ante easy ga undi anukuntunava ba.. almost 60-80k padutundi...
golmaal govindam Posted July 18, 2012 Author Report Posted July 18, 2012 [quote name='Guest' timestamp='1342633882' post='1302155806'] Home prices last 6 months nunchi konchem perugutunnayi gaani ippatiki takkuva unnayi but interest rates maathram all time low. mee friend 20% down cheyagaligithe maathram, i would say go for it...less than 20% gaani FHA gaani anukunte interest rates yekkuva and mortgage insurance lu kattalsi untadi..not worth it. Of course refinance cheskovachu but appudu interest rate yetta untado predict cheyalem Home buying is a huge proces ippudu start cheste atleast 6 months to 1 year padtundi. First ask him to get preapproval and get in touch with realtor [/quote] Bank lo consult chesam baa. Budget around 400,000. Down payment 20k to 30K annadu. Interest rate 3.25% for 15 to 20 years.
golmaal govindam Posted July 18, 2012 Author Report Posted July 18, 2012 [quote name='Guest' timestamp='1342633882' post='1302155806'] Home prices last 6 months nunchi konchem perugutunnayi gaani ippatiki takkuva unnayi but interest rates maathram all time low. mee friend 20% down cheyagaligithe maathram, i would say go for it...less than 20% gaani FHA gaani anukunte interest rates yekkuva and mortgage insurance lu kattalsi untadi..not worth it. Of course refinance cheskovachu but appudu interest rate yetta untado predict cheyalem Home buying is a huge proces ippudu start cheste atleast 6 months to 1 year padtundi. First ask him to get preapproval and get in touch with realtor [/quote] [quote name='psycopk' timestamp='1342634020' post='1302155819'] 20% ante easy ga undi anukuntunava ba.. almost 60-80k padutundi... [/quote] Correct. 20% antey almost impossible. Mortage insurance kattaka tappadu and fix ayyam. Almost $140 to $180 per month annadu bank vaadu.
Vaampire Posted July 18, 2012 Report Posted July 18, 2012 take ur own decision bhayya. real estate firms lo pani chesey vallu chaala different opinions isthunaru. one thing is sure. interest rate mathram pakka peruguthundi. elections tharuvathey market down ayithey house rates thagguthayi. or else 10-20% increase pakka
Vaampire Posted July 18, 2012 Report Posted July 18, 2012 [quote name='DaVinci' timestamp='1342634326' post='1302155858'] Correct. 20% antey almost impossible. Mortage insurance kattaka tappadu and fix ayyam. Almost $140 to $180 per month annadu bank vaadu. [/quote] 20% kattey stage ki vachey varaku wait cheyyamani cheppu bhayya. lekhapothey worth kaadu. apr ekkuva untadi. inka edo insurance kooda thisukovali
golmaal govindam Posted July 18, 2012 Author Report Posted July 18, 2012 [quote name='Vaampire' timestamp='1342634410' post='1302155867'] 20% kattey stage ki vachey varaku wait cheyyamani cheppu bhayya. lekhapothey worth kaadu. apr ekkuva untadi. inka edo insurance kooda thisukovali [/quote] Without downpayment 3.25% isthunnadu. Adi ok antava?
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