We are at the bottom, Better buy now

By
Real Estate Agent with Century 21 New Millennium

For all those people looking for the bottom of the real estate market,, its here. Interest rates will rise soon. When they do people will begin to realize monthly payments will increase. Now is the time! have you seen the price of rent lately. Its cheaper to buy than rent

Comments (5)

Valerie Osterhoudt
Johnson Real Estate, Inc. - Cromwell, CT
ABR, Cromwell, CT Real Estate ~ 860.883.8889

Everett.. I've been saying this for a while, trying to educate buyers.  They are still holding out. I guess when the prices go up, they will have realized they should have listened to me.

Jun 16, 2008 04:41 AM
Ronald Gillis
Southwest Florida Notaries (Mortgage Notary Signing Agent) - Port Charlotte, FL
CNSA Southwest Florida. Notaries, Port Charlotte, 941-7-NOTARY

Many believe we are not quite at bottom, but if someone has the money or credit to buy, it is probably a safe bet to get it now!   We certainly are very close to the bottom.  What little more it could drop is not significant enough to not buy if they see something they want!

Signature

Jun 16, 2008 04:47 AM
Aventura | Bal Harbour | Sunny Isles Beach | REALTORĀ® 786-229-7999
SIB REALTY, Llc // WaterWayRealty.com - Sunny Isles, FL

It sure seems like NOW is the right time to buy. I'm not so sure that it is cheaper to buy then to rent. We have lots of condominiums with condo fees and taxes to pay.

Jun 16, 2008 04:54 AM
Adam Brett
The Adam and Eric Group - Fullerton, CA
The Adam and Eric Group, Fullerton's Finest

I think we may have a way to go.  The end of the year will be telling

Jun 16, 2008 04:54 AM
Coco Clayman-Cook
LA Condo Lifestyles - Beverly Hills, CA

Everett,

I whole heartedly agree.  It's always easy to look back and say "That was the moment" - It's much harder to recognize a "bottom" in the moment. But with prices and interest rates both down, now is definately the moment to buy!

Coco

Jun 16, 2008 05:10 AM