2007-08-15 04:36:25 · 12 answers · asked by metanoia 3 in Business & Finance ➔ Renting & Real Estate
I means that you will probably get a pretty good deal on a house, depending on the market you're shopping in. Hopefully you've saved up a down payment and are not planning on doing one of those interest only ARM loans. Conventional loans are still at very low historical interest rates and are the best way to go.
2007-08-15 04:45:20 · answer #1 · answered by thegubmint 7 · 0⤊ 0⤋
According to my friend, who is a real estate agent, it will be the perfect time to buy in the next 6th months. Due to all the homes for sale, there is a bit of a slump in market value.
2007-08-15 04:44:26 · answer #2 · answered by bonstermonster20 6 · 0⤊ 0⤋
What you qualify for and what you can actually afford are two very different things. Although with today's economy they have some what cut out the over lending thing. Anyways, go to the White House web site and look over Obama's stimulus package. You qualify for a lot of breaks and there is a link there that will take you to the web pages of the info you are looking for as well as reputable lenders.
2016-05-18 03:52:16 · answer #3 · answered by ? 3 · 0⤊ 0⤋
The market is wide open...inventory levels are rising...prices are dropping...the Fed is currently holding firm with rates. Great time to buy over the next 12 months.
2007-08-15 04:46:30 · answer #4 · answered by NY PTK 4 · 0⤊ 0⤋
its a buyers market and prices have fallen and anyone who gets in now has the benifit of being in a home as the market rebounds. greater gains in value in a short time. go for it most people look for a home for a few months first i would get pre-approved then shopp
check out the info here it may help you when it comes to making an offer
http://www.directlendingplanet.com/article6.html
2007-08-15 04:44:31 · answer #5 · answered by beachlover 2 · 0⤊ 0⤋
This is the perfect time to buy. Interest rates are still low and sales prices are low too. This combination is very rare and will not last long.
Jump on the bandwagon!
2007-08-15 04:57:25 · answer #6 · answered by Landlord 7 · 0⤊ 0⤋
It is a good time to buy a home. A "buyer's market". you should be able to deal more with sellers and negotiate a lower price. But remember: the seller doesn't have to lower their price at all.
2007-08-15 04:46:33 · answer #7 · answered by thinking-guru 4 · 0⤊ 0⤋
Plenty of houses to choose from. Good deals. Clean up your credit. It is getting more difficult to qualify for a mortgage, due to all of the foreclosures.
2007-08-15 04:47:11 · answer #8 · answered by ? 4 · 0⤊ 0⤋
Just to beat the dead horse... it's always a good time buy... in a market like this, you can't lose!!!
2007-08-15 12:49:03 · answer #9 · answered by The Smart One 4 · 0⤊ 0⤋
GET ER DONE WHEN YOU THINK ALL IS GONE, THEN BUY AND HOLD IT FOR A GOOD SALE IN THE FUTURE
2007-08-15 05:02:53 · answer #10 · answered by Anonymous · 0⤊ 0⤋