If Rip Van Winkle Woke up Today, Would he Buy a Home?

By
Real Estate Mortgage Broker with Cornerstone Home Lending, Inc. Equal Housing Opportunity. Regulated by the Division of Real Estate. LMB100023827. NMLS257576.

Most of us are familiar with the tale of Rip Van Winkle who falls into a deep sleep after drinking a mysterious brew. Ever wonder what HE might say if he woke up today after a ninety-nine year nap about homeownership? It might go something like this:

What? I can buy a home for 30% less today than if I'd woke up 3 years sooner?

What? Inventory is much, much greater today than it was 3 years ago?

What? I can get these great savings, yet sellers are willing to negotiate with me because they WANT me to buy their home?

What? There are financing options allowing me to borrow, in some cases, 100% of the price of my home vs paying cash for it?

WHAT? The interest rates are witihin 1/8% of the lowest they've been for the past 315 years?

WHAT... YOU HAVE TO BE KIDDING ME???? On top of that, the government is going to give me $8,000 after I buy the home.

WHAT??? As my buyer's agent YOU are going to pay for the gas to drive me around to look at all these houses???

Last question: When can we get started?

(This was my interpretation of a story given to us at an office meeting by Barry Habib yesterday.)

 

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Opinions expressed here are the sole responsibility of the author, and do not necessarily reflect the view of Cornerstone Home Lending, Inc.

Ruth Vogt Colorado Mortgage Lender Ruth Vogt, Colorado Area Manager

 #LMB100023827, NMLSR# 257576

 Equal Housing Opportunity. 

 Regulated by the Division of Real Estate.

   www.MyLenderOfChoice.com

   rvogt@houseloan.com  303-881-7849.

 

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Re-Bloggged 4 times:

Re-Blogged By Re-Blogged At
  1. Connie Smith 12/17/2009 03:56 PM
  2. Guy Thomas 12/17/2009 11:20 PM
  3. Guy Thomas 12/17/2009 11:52 PM
  4. Joy Carter & Jeff Booker Brother and Sister Team 12/20/2009 04:41 PM
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Location:
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Tags:
home buying
time to buy

Comments 24 New Comment

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Rainmaker
792,150
Lyn Sims
Schaumburg Homes
RE/MAX Suburban - Schaumburg IL Real Estate - Northwest Suburbs of Chicago

Cute Ruth, go get some gas & take em out!

December 18, 2009 05:54 PM
Ambassador
1,482,126
Gary Woltal
Assoc. Broker Realtor SFR Dallas Ft. Worth
Keller Williams Realty
Ruth, life and real estate is cyclical and depending when Rip awakens different things will surprise him. Great thoughts on the current situation.
December 18, 2009 06:10 PM
Rainmaker
62,351
Dolores Mauriello
Realtor, Homes For Sale Wayne NJ
CENTURY 21 Gemini LLC Realty

Get the ink ready for the thumb print!

December 19, 2009 09:34 AM
Rainmaker
379,828
Ruth Vogt
303-395-3884. Apply 24/7 www.MyLenderOfChoice.com
Cornerstone Home Lending, Inc. Equal Housing Opportunity. Regulated by the Division of Real Estate.

Thanks, Craig, I appreciate the flag for the feature!

Rebecca and Joetta, sounds like a sequel is possible here??? ha!

Bob! That's a very interesting thought, isn't it???

Gene, I fear the title for that soon to be blog, might be "could-a, should-a, didn't"!!

Thanks, Jon, and thanks for stopping by.

 

 

December 20, 2009 08:55 PM
Rainmaker
379,828
Ruth Vogt
303-395-3884. Apply 24/7 www.MyLenderOfChoice.com
Cornerstone Home Lending, Inc. Equal Housing Opportunity. Regulated by the Division of Real Estate.

Bill, I fear we all know one or two of those buyers. Unfortunately. And a happy holiday season to you, too.

Dianne, no job and no FICO scores. uh-oh!

Appreciate you stopping by, Vanessa.   :)

Lyn, I'd get lost...which is why I became a lender and not a Realtor. ha-ha.

Gary, how true! Tomorrow's story could most likely be quite different.

Dolores, Do they even accept an "X" anymore???

December 20, 2009 09:05 PM
Anonymous
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Rainmaker
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Ruth Vogt

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