2007-08-29 07:59:51 · 10 answers · asked by munkie_loco 1 in Business & Finance ➔ Renting & Real Estate
It is a buyers market so hence a good time, 6 months from now will be a great time as more adjustable loans are coming due for change or review. With credit tight if your score is good and you have a down payment and closing costs you should have no problem. Prices have only dropped about 3.9% My opinion is they still have another 6-10% to go yet before this bottoms out
2007-08-29 09:27:48 · answer #1 · answered by Pengy 7 · 1⤊ 0⤋
If your credit is good and you have money for a downpayment, and you're looking for a place you will live in for the next several years, then the answer is a resounding yes. It's a buyer's market. But you need to be a qualified borrower to take advantage of that.
2007-08-29 15:05:56 · answer #2 · answered by CJKatl 4 · 0⤊ 0⤋
Depending on where you are. I suggest to look at the market price fluctuation in the last three years in your area. If the average median home price has appreciated quite a lot in the last three year, I recommend that you wait until next year. You may be able to find some foreclosed properties. Overall consensus are that property price will drop this year and next year. On the other hand if the home price has not appreciated a lot in the last three years, then it won't matter if you were to buy now or next year. Home price will not be affected by the economy in your area.
2007-08-29 15:11:07 · answer #3 · answered by Matrixcm 3 · 0⤊ 0⤋
I think so. Values are down. Some say that they may go down a little more. However, you can find some great deals right now. Real Estate, in most cases, is a long term investment. Things will come around.
2007-08-29 15:05:46 · answer #4 · answered by ? 4 · 0⤊ 0⤋
IF you have the credit and the downpayment it is THE BEST TIME FOR A BUYER TO BUY-The deals are rampant out there! Get a Realtor and a mortgage person involved and go for it!
2007-08-29 15:04:54 · answer #5 · answered by helprhome 5 · 1⤊ 0⤋
For sure, make a good deal the market just went down another 2.3%.
2007-09-02 14:08:26 · answer #6 · answered by Jovesash 4 · 0⤊ 0⤋
In most US markets, it is a great time. Inventory is great, home prices are down, and interest rates are favorable.
2007-08-29 15:20:18 · answer #7 · answered by godged 7 · 0⤊ 0⤋
Right now, you better get your house! It as long as you have the down payment and your credit is good, BUY BUY BUY!
2007-08-29 17:24:07 · answer #8 · answered by Kenneth C 6 · 0⤊ 0⤋
hell yes. you've got many motivated buyers and good interest rates. In many places you can name your price, ask the seller for closing costs, and come out with a decent rate.
2007-08-29 15:05:51 · answer #9 · answered by cashmaker81 6 · 0⤊ 0⤋
yes if your ready go for it
2007-08-29 15:30:25 · answer #10 · answered by terrigo2002 2 · 0⤊ 0⤋