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Updated over 3 years ago on . Most recent reply

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Caroline Gerardo
  • Lender
  • Laguna Niguel, CA
2,336
Votes |
2,894
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Single Family Values Down April 2022 Get READY

Caroline Gerardo
  • Lender
  • Laguna Niguel, CA
Posted

Are you ready?

1.Get your down payment in your checking account

2. Fix your FICO score higher

3. Income statements all in a folder labelled pdf's

4. Set goals, stay on your job, know your paper route (location)

5. Have an account with a title rep, know local inspector and contractors

6. Know how auction.com works, what courthouse auctions require

source: redfin it's 2007

Most Popular Reply

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Taylor L.
  • Rental Property Investor
  • RVA
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Taylor L.
  • Rental Property Investor
  • RVA
Replied

The image is deceptive and implies that these markets have had the stated decreases in price, which is incorrect.  The percentages refer to the percentage of listed houses which had list price reductions in April. Here is Redfin's data and stance on the market: https://www.redfin.com/news/ho.... They are certainly not stating that it is currently 2007 for the real estate market. 

The actual image needs a citation, I did a reverse Google image search and found several sites posting it but it is unclear who actually made this picture.

All of the other stuff I totally agree with - having cash, healthy credit, strong financials, knowing your goals, etc - all great

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