What are you waiting for? If you are waiting for the bottom of the market, you will miss it. Interest rates are low, inventory is high with many types of properties and the lowest prices in years.
In talking with buyers, they want a "deal". Buyers are offering well below the asking price. Remember the price you pay for your home will help determine the value of your home as well and the neighborhood. Short Sales, REOs, Foreclosures are also determining the market value of homes.
Other buyers are worried about the down payment, credit scores, and monthly mortgage payments. If you have been saving for a down payment (even if it's not a lot), have relative good credit scores and are paying monthly rent, now is the time to buy and stop throwing your money into rent when you can get the tax benefit of owning your own home and save money. Real Estate builds long team wealth.
Buyers, whether you want a fixer and save more money to do it yourself or a beautifully remodeled home, it's out there. If you want a condo, condo conversion, loft, townhome, patio home, fixer single family home, all new home, remodeled home, manufactured home, mobile home, investment property, it's out there! Check with a lender to be realistic on what you can afford and JUST START LOOKING!!
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