People are always looking for the bottom of the market like they look for the end of the rainbow. When you think you got there it is gone. It is very difficult to find the bottom of the market and it is only after several months that you can look back and say, "That was the bottom of the market."
There are home buyers always searching for the bottom of the market before they decide to purchase. They rarely find the bottom and end up purchasing somewhat higher than the bottom. You can usually come close to the bottom, but only a few, and by accident find the very bottom.
The real estate market is cyclical and prices fall and increase. You should purchase a home with the idea that you will be in the home for a long period of time and not worry about buying it for the absolute lowest price. After you purchase and enjoy a few years of appreciation it doesn't matter if you paid a little extra for the home.
Right n
ow is the best time in five years to buy real estate. Prices are near the bottom and the inventory is very good. It will take some time to find the right home so it is a good idea to start searching now. Part of the problem that buyers face is the media. Falling markets sell newspapers and the media loves to write about this. Forget the media and listen to your realtor. He or she can tell you that now is the time to buy and there are tons of great buys ready to be swooped up.
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