Is it time to Buy or Is the marketing still declining

Over the past month I have noticied a lot of my buyers are begining to stop looking and deciding to wait to purchase.  I think poeple are wanting to see what this stimulus package is going to do to the economy and the real estate market.  The one problem with this thinking is you could loose on a great home.  We are currently seeing home prices back to the 2002 prices.  We just don’t know whether they will drop to the 1998 prices.  I think for a buyer to wait to see if the home will drop another $10,000 on  a home priced in the low $400’s might not be accurate.  If you find a home in the right location and good floor plan I think the $10,000 will be small be nothing when you go to sale your home.

However if you are not crazy about a house and have doubts than I would not purchase the nice thing about a buyers market is the buyer has choices and time.  This buyers market also has some great interest rates, which I believe have come down again this week.  I have a client who is getting a loan on a purchase with a 4.62% interest rate.  Thats a great rate and we have had a lot of properties to pick and choose from.

If you are a buyer and are on the fence, just remember when you are buying if you can find a home you like in a great LOCATION…you should purchase. 

HAPPY HOUSE HUNTING!!!  PLEASE VISIT MY WEBSITE AT HTTP://WWW.COASTALHOMESINSANDIEGO.COM to view my REO listings and get more information and the local areas.