i see still last years prices in my area... the cost of house was
125 000 in 2002... now it 230 000... i thought the prices are going down... but still no sign
2007-02-13 14:59:41 · 5 answers · asked by Max 1 in Business & Finance ➔ Renting & Real Estate
It is always a good time to buy a house!
You just need to be prepared to stay there if the market does decrease and wait till the next rise to sell if you need to.
How people get into trouble is when they buy at the peak and for some unforseen circumstances need to sell at the market lows.
If you buy with long range vision you will do fine.
A great way to protect yourself in any circumstances is to have a suite in the house that can be rented in times of need (only if this type of arrangement is legal and permitted where you live).
Prices will go up over time even though there might be highs and lows and if you wait till the next low you have thrown away the rent money as well as the extra dollars that would have paid down the mortgage.
Good luck to you!
2007-02-13 15:18:52 · answer #1 · answered by glen s 3 · 0⤊ 0⤋
I am a Realtor and I have only seen a home priced at below market value when it has been forclosed. Homes values will continue to increase. Right now is a buyers market sellers are giving great incitives to move their homes. New carpet, paint, home warranties, down payment assistance and all or part of closing costs. Dont wait for home prices to go down to buy. If you would have bought in 02 you would have made some serious equity.
2007-02-14 00:08:47 · answer #2 · answered by cmd1277 1 · 0⤊ 0⤋
This is an awesome time to buy a house!!! Interest rates are still exceptionally low and there are a lot of homes to choose from!! You might score yourself a really great deal if you shop now. If you wait until March/April you're going to have a lot more competition going up against you!!
2007-02-14 14:33:57 · answer #3 · answered by Paul V 6 · 0⤊ 0⤋
?Good time to buy? It's almost midnight! Don't EVER sign anything important at this hour!
2007-02-14 00:49:54 · answer #4 · answered by teran_realtor 7 · 0⤊ 0⤋
How is your credit. Rates are still low, sub prime are fair also.
How can it benefit you?
http://1stmdloans.com
2007-02-14 00:09:26 · answer #5 · answered by ron d 3 · 0⤊ 0⤋