I can buy a house in december. but should i wait for my children to finish school year (they in Gr 5, Gr2 and Jk) We have already change 3 schools because of our circumstances and it effacted there school performance. OR should i buy now because housing is getting more and more expensive day by day I would not find the house i want after 9 or 10 months with the money i saved.
2007-09-22 04:59:26 · 8 answers · asked by hina 1 in Business & Finance ➔ Renting & Real Estate
sorry i froget to tell, I live in toronto... here housing is getting expensive every day. There were predictions that prices will falldown in september 07, because they were increasing interest rate. but still they are going up against predictions. some people say they will come down. but there is no guarenty
2007-09-22 05:11:59 · update #1
Housing is getting more and more expensive? Where do you live?
The housing market is declining. People are losing their homes because they got in over thier heads and they are selling at a loss just to get out.
Housing it NOT getting more expensive.
I would wait until the spring/summer. I assume that you have a down payment and your closing costs saved up?
2007-09-22 05:04:55 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Buying a home can be the best moment in your life. The decision should be one that works best for the whole family. Moving can be difficult on children especially considering they have already changed schools. Prices may very well drop and you certainly don't want to buy when prices are climbing. If the timing is right than the opportunity will certainly present itself. Many homeowners are losing their homes now due to an ill thought out plan and it's unfortunate to see anyone buy just to buy. You should always have everything planned out ahead of time and consider all angles
2007-09-22 06:14:29 · answer #2 · answered by donna a 1 · 0⤊ 0⤋
just bought my first house and my kids are teenagers. Let me tell you houses are not cheap as you know and the mortgage payment will kill you . We both work full time jobs and are doing OK for now but you gotta start watching your expenses and know when to cut down on certain things. Take your time look around buying a house is not something you want to rush into. Good Luck
2007-09-22 05:06:37 · answer #3 · answered by robin r 6 · 0⤊ 0⤋
I understand that your kids comfort should take precedence. But speaking from the position of a Realtor it is smarter to buy during off seasons. Especially winter because there arent many buyers during those season, everybody is usually waiting around until spring or fall. So if you looking to get a great deal winter is the time.
2007-09-22 05:11:19 · answer #4 · answered by young2bballin 2 · 0⤊ 0⤋
Hi,
This is the right time to buy a house as the real estate industry is down and it turned out to be buyers' market. Checkout http://realestateguide.financialdealsonline.info for some valuable tips on the matter. Good luck.
2007-09-22 05:07:46 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Mu dear you should buya house right now, or maybe by december the laters, when people are buying christmas presents instead of houses, they are people that get divorced, transfer to another city and they have to sell, so
this is when you buy your house, and now that houses are slow is when you definithly need to buy your house, dont wait or you will have to pay much more.........
2007-09-22 13:19:22 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Right now is the time to buy, real estate is at rock bottom. Houses are cheap as they can be.Out here in Calif. they are.
2007-09-22 05:15:49 · answer #7 · answered by skunk 6 · 0⤊ 0⤋
Get pre-approved with a mortgage broker FIRST.
That whole process/conversation will help you decide yea, or neigh immediately!
2007-09-22 05:27:28 · answer #8 · answered by kevc21 3 · 0⤊ 0⤋