2006-12-21 09:54:00 · 9 answers · asked by surfing_califas 1 in Business & Finance ➔ Personal Finance
Yes, this is a buyer's market. Definitely a good time to buy.
2006-12-21 09:57:39 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It depends, are you buying the house because its an investment, or because you love a specific home and plan on living there for five years or more.
If its an investment you can wait it out a bit longer you will see some better deals especially as the economy stagnates over the next six months.
If its a dream house one you want to be in for a few years go ahead and go for it. In the current over all market its better to be a buyer than a seller. Dont offer the asking price especialy if the house has been on the warket longer than 30 days
2006-12-21 23:01:37 · answer #2 · answered by Stdonitus 1 · 0⤊ 0⤋
I'm an appraiser. If you can afford the payments with a conventional mortgage and you intend to live there indefinitely then yes. There is no bad time to buy under those circumstances. If you're planning on flipping the house in a couple of years I'd say definitely a bad time. Prices are trending downward and most likely will for some time. Do what's right for you.
2006-12-22 09:20:30 · answer #3 · answered by Big R 6 · 0⤊ 0⤋
S. California housing market is tanking right now. Sellers are taking a bath. Low-ball 15-20% off the asking price to see which ones are desperate. Most of these sellers were trying to flip the house, so check out what they bought the property at last year.
2006-12-22 17:11:11 · answer #4 · answered by Steve R 6 · 0⤊ 0⤋
Well, the housing market has been really hitting the bottom lately from what I've collected from many of the financial shows on television. Now, I think that this means it is a good time for buyers to get cheap prices for houses (so good for buyers), and a bad time to sell...(bad for sellers)
So, if you look into it a little more I'd probably recommend taking a second look at that purchase.
2006-12-21 18:00:27 · answer #5 · answered by cardsbb47 2 · 0⤊ 0⤋
In My Humble Opinion (which is probably worthless):
No. So many people who have teaser-rate ARMs are about to get the shocker-rate. When that happens, there will be foreclosures. I predict the price of houses will fall.
2006-12-21 19:20:06 · answer #6 · answered by Anonymous · 0⤊ 0⤋
if you qualify and have enough down payment (dont forget to take afvantage of first time home owners bill) you should have no problem providing your credit rating is good
2006-12-21 17:57:53 · answer #7 · answered by ekleinert 3 · 0⤊ 0⤋
yeah
2006-12-21 18:01:25 · answer #8 · answered by Anonymous · 0⤊ 0⤋
na.
2006-12-21 18:01:50 · answer #9 · answered by jEN 2 · 0⤊ 0⤋