Waiting for Real Estate to hit bottom, we may be there.

Some buyers are holding back hoping to purchase when and if prices get lower. My response is don't wait !  Now is the time to take advantage of the current opportunities. The interest rates are at an all time low. Lots and land are "dirt cheap" and short sales have driven the single family residential market to new lows in Washington state. Strike while the iron is hot and you won't kick yourself later for having hesitated. When the stock market crashes $$$ disappears, not so with real estate, you can sell, rent or put a tent on it.