Friday, February 20, 2009

Is It The Right Time To Buy?

I've been looking around at houses lately. I'm a first time buyer in the Real Estate world but have been around it for a long time. There are many deals out there right now. The one thing that scares me is the trend. Home prices have been dropping for a while now. How much longer will this continue? I know I can get a great deal, but if I wait 12 months, will I get a much better deal? Or is this about where the market will be until recovery?

What I've concluded is that if I get a good deal today, it's going to be a good deal next year as well. We all know the market will turn around at some point, and the important thing is to be comfortable with the deal I get, no matter how much farther down the market goes.

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