All Topics / Help Needed! / Question for the Old Hands

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  • Profile photo of foundationfoundation
    Member
    @foundation
    Join Date: 2005
    Post Count: 1,153
    Originally posted by Redhaven:

    hubby and I would be buying under-market properties – at least, that’s the plan…

    How do you know they’re ‘under market’? Isn’t the price you pay for a property its market value (unless you are the only person who knows it is for sale)?
    I’m not intentionally being pedantic or negative, but I hear this often of late, and it rings alarm bells for me.
    Cheers, F.[cowboy2]

    Profile photo of Don NicolussiDon Nicolussi
    Participant
    @don
    Join Date: 2005
    Post Count: 1,086

    Hi Foundation,

    I’m not intentionally being pedantic or negative, but I hear this often of late, and it rings alarm bells for me.

    Obviously the market price is where supply equal the demand.
    .
    I think redhaven like many others is just using this term to indicate that they intend to research and negotiate the price of each property.
    .
    good luck.

    Don Nicolussi | Property Fan
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    Learning, having fun and doing it!

    Profile photo of Don NicolussiDon Nicolussi
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    @don
    Join Date: 2005
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    … or significantly under valuation.

    Don Nicolussi | Property Fan
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    Learning, having fun and doing it!

    Profile photo of RedhavenRedhaven
    Member
    @redhaven
    Join Date: 2004
    Post Count: 81

    Exactly.

    “I alone know the plans I have for you, plans to bring you prosperity and not disaster, plans to bring about the future you hope for.” ~ GOD ~ (Jeremiah 29:11)

    Profile photo of RedhavenRedhaven
    Member
    @redhaven
    Join Date: 2004
    Post Count: 81

    And yes, Brenda, I agree that step by step is the way to do it. We will be down there for 9 days shortly so Brett and I will begin to check out the work situation. I think your idea of renting first is wise. I just hate the idea of paying “dead money” !! Oh well if we set a goal of 6 months renting then buy…?

    Redhaven.

    “I alone know the plans I have for you, plans to bring you prosperity and not disaster, plans to bring about the future you hope for.” ~ GOD ~ (Jeremiah 29:11)

Viewing 5 posts - 21 through 25 (of 25 total)

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