Buy Now, Or wait A Little Longer?

Should you buy now or wait a little longer? Home prices in Greater Vancouver are now down 12% to 15% from the peak towards the end of 2007.

People are asking what is happeing to the housing market:

 - Sellers want to know how much lower their home values will go down.
 - Buyers want to know if they should wait for further price reductions.
 - Homeowners want to understand the impact on their equity.
 - Investors are asking whether it is a good time to buy, renovate, and re-sell for a profit.
 - First-time buyers want to know if they can get financing in these uncertain times.

There are no easy answers to the above questions. Each person will have to assess their own individual situation. In a buyer's market like today, if you are trading-up buying and selling at the same time, you benefit with better choices.  

Circumstances cause each of us to make decisions despite uncertainties related to global economies and politics. There are many great buying oppotunities and good selections of homes now. If you are comfortable with your finances, you now have a better chance of finding the home that's right for you.

If you like to find out where you can find the great deals, your are welcome to call me at 604-721-4817 or email me.