Just look at it as a long term investment you can enjoy while it matures. Even though prices may have taken a dip recently they will go up again. As long as you plan to live in a home for a few years it should go up in value. Find a Realtor you are comfortable working with and start looking. But if you are planning to move again in a year or two, you may want to consider renting.
Hope this helps,
JoshIm planning to buy house,, but i heared that real estate will fall . will it be worth of waiting ?
You have to ask yourself if you've actually heard this from a reliable source. The thing is interest rates are at an all time low right now and the longer you wait they could potentially go up. I suggest that you start looking for a home that you'd like to buy now. If you find something that you want at an affordable price, then it is worth buying it now.Im planning to buy house,, but i heared that real estate will fall . will it be worth of waiting ?
yes the bottom of this market has not been reached, there will be some real bargains very soon with all the foreclosing going on
Maybe and then again maybe not. Market bottoms can only be known in hindsight not foresight. Prices are down substantially in certain markets but have risen in others. So, it depends where you want to buy. In the currently weak areas of the country I would guess that there is still a little ways to go but that most of the drop has already taken place. In strong areas, the prices will not drop anytime in the future. In either case there is not a big hurry because I believe the real estate market will remain depressed for awhile yet(9 to 18 months) before price appreciation becomes a common thing in all market areas.
your asking yourself the right questions, and your answer is are you ready, find the facts of the areas were you want to live, you have more time in your hands because of the current market, make low offers and see what happens the market is one that you participate in, don't just stand on the side lines.
Depends where you are located. Most areas still have a way to go before the excess is wrung out. But if the time is right for you, and you take a long-term view, now is a good time buy. Rates are low, inventories are high, sellers are dealing. All good factors for a buyer. If you're in San Diego, Orange Co., Vegas, Phoenix, Miami - wait. Otherwise, shop away.
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