Other still other times it makes sense to refi and IRR tells you to do so, but  you use more qualitative data (like the fact you know the factory down the street is closing) to make a decision. 

Islam I am an agent in Orlando FL.

I am also a Certified Eco-Green Energy Star Preferred Agent specializing in Green Retro fits and new Smart Panel factory stick built homes.

Note: When you say, “That isn’t going to happen to you,” shake your head side-to–side, expressing the no/negative bodily mannerism.REI Statement: “Another positive factor is you won’t have any of the monthly costs that add up while waiting for the right buyer to come along with the right offer, and have that buyer be one who can actually follow through on the purchase.”Note: I am communicating three items in this statement that are important: •One, I am the right buyer.

This winter I will live in Florida and while there, we are taking a trip to Cuba.Not bad for an old "factory rat".

If this has already happened to you then you know what that feels like… That isn’t going to happen to you this time.Another positive factor is, you won’t have any of the monthly costs waiting for the right buyer to come along with the right offer, and have that buyer be one who can actually follow through on the purchase.And maybe the most important factor is that you can get on with your life and not have this burden hanging around your neck.

I see articles in the news all the time about poor blue collar Bob who worked at the factory for 30 years and now it closed.

Generally I put it into 3 categories. 1-Retail driven- buy, 2-Foreclosure driven- dont buy, 3-Mix- only killer deals.Another Important factor is Hotness Ratio, I dont calculate it but I look at how fast the inventory is being consumed in a given neighborhood.

Pine still looks good but not as luxery as oak and its softer and scratches more easily.Other factor is it needs patched in a few places where wall/doorway was moved and heat registers moved.Is a pergo laminate oak floor better than pine?

Like Blair said, be careful about the "fake factor". I