2006-06-28 05:26:49 · 12 answers · asked by Quan P 1 in Business & Finance ➔ Renting & Real Estate
during the holidays is the best time, and keep in mind the best place to purchase is in a neighborhood that is not in the process of depreciating. Someday you may want to sell, it's hard to sell in a high crime area (or too remote of an area)
2006-06-28 05:35:41 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The best place to buy a home is in a growth area that you think others would like very much - remember, the key is location, location, location. The decision should be limited by your personal priorities including what you believe you can afford. As the area increases in value it is likely the home would too. The less developed the area is the greater potential for gain or loss and visa-versa.
The best time to purchase a home, assuming no constraints like availability or money, is when opportunities arise and it makes sense according to your priorities.
2006-06-28 12:41:18 · answer #2 · answered by PR 1 · 0⤊ 0⤋
The best time to buy a house is when the interest rates go up if you have the money. This sounds stupid I know, but what happens when the interest rates rise the supply also goes up and this causes a surpluss of house on the market. When there is a surpluss a buyer market is created and the prices drop below what they should be, because many of the people who need to sell their house have a lot more competition. Call an Exit Realty Realtor in your area.
2006-06-28 12:33:27 · answer #3 · answered by Fox 2 · 0⤊ 0⤋
The best time to purchase real estate is now. In order to build wealth through equity, you need to become a homeowner. If you're in it for the long-term (which you should be), and you buy in an area with solid fundamentals (job growth, desireable location, etc.) real estate prices will only go up over time. It is unlikely that you will be able to 'flip' a home for a 100% profit over the next couple years (as we have seen in some markets), but your home will appreciate and your mortgage payments will be building equity (think of it as forced savings) which over the long-run will create true wealth.
The current housing market is seeing higher interest rates than in previous years which is creating more inventory on the market. When there is more supply on the market and less demand (due to higher interest rates), a buyer's market is created (which makes it a good time to buy). Another positive aspect of interest rates increasing is that if you're buying a home/apartment as an investment property that you plan to rent out, rental prices generally go up (less people buying = more people renting = higher rents).
Now go search for a home! I personally like Yahoo! Real Estate (http://realestate.yahoo.com) as you can search for MLS listings (select 'existing homes' on search box), their Classifieds listings, new homes, or foreclosures. Good luck!
2006-06-28 12:52:17 · answer #4 · answered by Brian 2 · 0⤊ 0⤋
Christmas time is the best time to purchase a house! The real estate market is the slowest in December!
2006-06-28 12:30:26 · answer #5 · answered by Retarded Dave 5 · 0⤊ 0⤋
the best time is when you are financialy responsible to handle a mortgage and the costs that go with it.....no parents to help and no land lord to call...are you on time with all of your bills....do you really know what is involved to own a home..i am a mortgage broker and i see people every day try to buy a home that couldnt be trusted to change their underwear on a normal basis.....the question about where.....where ever you want to....
2006-06-28 12:53:57 · answer #6 · answered by becca9892003 6 · 0⤊ 0⤋
IF YOU ARE PAYING RENT YOU GET NOTHING IN RETURN. THE BEST TIME BUY IS NOW AND THE BEST PLACE TO BUY IS HERE (WHERE YOU ARE LOCATED) INTEREST RATES ARE STILL GOOD AND SOME MARKETS HAVE MADE ADJUSTMENTS. THERE ARE SOME LEGITIMATE LOANS THAT WILL GET YOU IN A HOUSE FOR LITTLE OR NO MONEY DOWN.
2006-06-28 12:38:53 · answer #7 · answered by Okie_realtor 1 · 0⤊ 0⤋
The best time to purchase a home is when you need one....It is like stocks. You always want to buy low, and sell high....But when it comes right down to it, you need food, clothing, shelter, and transportation. Do you agom=nize over the best time to buy dinner.....Are your clothes always a bargan??
Hope you thge very best!!
Lonnie
2006-06-28 12:31:42 · answer #8 · answered by lonnie_m_d 4 · 0⤊ 0⤋
right now is the best time to buy prices are going to or leveling off , i talking about California , email if you need to know more
2006-06-28 13:43:49 · answer #9 · answered by Anonymous · 0⤊ 0⤋
See a real estate agent in the locality where you want to buy.
2006-06-28 12:29:46 · answer #10 · answered by Danl 1 · 0⤊ 0⤋