Is it the best decision to buy house now?

Some people say it is....








I say it isn't, house prices will fall if people DON'T buy!!!! FACT!!!





they only fall because people NEED to sell,





they only raise because people buy fast and snap them up, demand in other wordsIs it the best decision to buy house now?
id wait a little bit longer, the way the current finance is going, the only way is dooooownIs it the best decision to buy house now?
Buy now. Many believe housing values will continue to decline through 2009, and won't turn around until 2010. However, mortgage rates are currently at 40-year lows, the stimulus package will get you an $8K tax benefit if you buy in 2009, and owners of resale homes know they have to compete against foreclosures and short sales. What will it be like in a year's time? Will interest rates rise? Will the economic reform package actually have a dramatic impact on shrinking our current inventory of homes? (Which should cause prices to rise.) No one knows. But now is a great time to buy. Good luck.
yes but im a bit of a hypocrite since my house is on the market and im looking for buyers. But it is a good time to buy because the value of the houses in a few years will increase dramatically xx
Yes, If you can get a mortgage! Never forget that this is an overcrowded little island with a huge demand for housing. Don't try to be too clever and wait 'till the market bottoms-out. Lots of people are doing that, and they will push prices up when they all jump on the bandwagon. Buying NOW could set you up for life. The best bargains are brand new flats.


Good luck.
If you need a house and the choice is between buying and renting, buy now. If you don't need a house yet, they'll be cheaper in a year's time.
Yeah i would say so, all these houses are going down to fixed prices or selling cheaper than they normally would because of the credit crunch!





and the % can only go higher from now so get it while its low :D





This is the wrong time to sell a house tho because you wont get a lot of money for it!





Good luck n just go for it - get that house!
Well best is a little subjective, but yeah, the market is really favoring buyers right now IF you can get approved for the credit.
Prices are forecast to fall for the rest of the year. So if you are a first time buyer its probably best to wait for a few months. If you have a house to sell it makes very little difference, because you will lose on one or the other regardless.





Btw, beware answers from Americans, where the market is completely different from the UK.
If you can get the financing for it, absolutely. Housing prices and interest rates are both down, making it a very good investment. Especially if you plan to live there for a while, while the market recovers.