Is the realestate market dropping? I want to buy a home, should I wait?

Question

Where can I find motivated sellers, not sellers who are just testing the waters to see what they can get for their home. I want to find a Good Deal! Maybe a homeowner who is in process of foreclosure and need to sell at a discounted price below market value. I am buying the property for investment purposes. Any realestate broker or agent who is willing to find me a DEAL?

Answer 1

There are always foreclosures listed in the paper. Try starting there.

Answer 2

The Seattle area is growing by leaps and bounds. Any one wanting to invest is doing it here big time. NOW is the time to buy a home, don't wait! Doesn't matter where you live, buy now, don't wait! Inflation is coming on strong and will never go down. Prices going down was years and years ago, they don't go down anymore. Sorry. So buy now. Also watch the newspaper section of Public Notices of auctions going to go on before foreclosure happens. Its the part with really tiny print. Also check with HUD in your area, they are the ones that handle a lot of homes that handle the foreclousers for the banks at low cost.

Answer 3

Real estate is kind of dropping. What's happening in the most desirable markets is the price is not dropping but the length of time to sell is longer. The demand for homes is still greater then the quantity available. Land in desirable locations is in very short supply. But remember the key to real estate is location location location. Those homes in good locations will always be in demand.

Answer 4

Don't wait! Get your butt out there! It is a buyer's market right now (at least in the majority...some places...such as SoCal...will never be a buyer's market).

The only thing I would advise against doing would be to try to get into the "flipping" business...a lot of people in that market are hurting because houses just aren't selling the way they were 5 years ago.

Answer 5

YES...the value of property is dropping. Look for you deal on the west coast. In Cal. the number of houses going on and sitting on the market goes up every day (last 2 months). West Coast is where it really heating up.

Wait and you will see better values...homes have been over appraised. Overseas investors are pulling out of land in the US.
In my opinion, you will see heavy devaluation over the next few months. Better deals are coming.

Hardcore.

Answer 6

The interest rates are rising and so the market is leveling out. However, there are always foreclosure and that is the best way to go.

Answer 7

it really depends on where you are, some markets are way out of control in terms of cost of homes, unlike where i am the market is really slow, about 10 houses for every buyer, there are 100s for sale and the prices are lower now than in a long time. in annapolis md, however prices are skyrocketing and will level out shortly, but still way hi, so do your homework, and if you are in michigan give me an email.

Answer 8

The real estate market is leveling out. The last time they had a boom like the one last year was in 1986, it is a good time to buy.

Answer 9

you sound like a real nice person. i am sure many will want to help you rip off some poor unfortunate person who is in desperate financial distress. maybe with luck, you can find a cancer vctim? I pray to Jesus that you will. God bless and good luck

Answer 10

the market is starting to drop slightly here in new jersey , but the intrest rates are going to start rising soon so , your dammed if you buy and your dammed if you don't.