Wednesday, April 27, 2011
That's a question I get asked a lot, and my answer is always the same, "It depends."
It depends on whether or not you ...
...are a first-time home buyer who qualifies for a loan. (THE BEST EVER market for you!)
...have a home to sell and plan to buy another right away. (You'll do fine. The amount you save on your new home will outweigh the amount you "lose" on your current home.)
...are "under water" (i.e. your home is currently worth less than you owe) but don't HAVE to move. (You're okay because there is time for the market to rebound, as it always has in the past.)
...are an investor with cash or good credit. (It's a GREAT market for you; so much opportunity to buy while the prices are low.)
...HAVE to sell your home NOW and will not be buying another. (Sorry; bad market for you.)
I've said it before and I'll say it again, it's always a good market for someone. Just be sure that when the good market FOR YOU comes along, you take advantage of it.
Need more information? Call or text me at 206-708-9800.