Think about it, it's like pulling off a band-aid. Pull it off fast - it may hurt for a little while but it will heal quicker. If they release all the inventory and approve all the short sales in process, yes the market may plunge for a short while. But, inventory will clear-out, values will begin to rise again, and we'll get otu of this mess quicker!
just my .02
Broker / Owner & Certified HAFA Specialist
Thom Colby Properties
Newport Beach, CA
Moving Lives Forward (TM)
We NEVER DOUBLE-END a Transaction in our Brokerage. There is NO benefit to the Seller or Buyer but only benefits the Agent. Also, NEVER use your RE Agent / Broker as your Lender and NEVER use teh RE Company Escrow and Title.
888-391-5245 Direct Cell
I see another wave of distressed homes and foreclosures coming this next year. Like I said, if you can get financing, it is a great time to buy as long as you buy right and buy like an investor.
MY TEAM HAS OVER 100 PRE-LISTED FORECLOSURES AND WE ARE THE LISTING AGENT! - Please Email Me If you Are Looking For A Foreclosure In San Diego. Over 30 of them are FHA/VA Approved and Fully Renovated!
Hope this helps!
Patrick A. Hale, CDPE, RSD
Short Sale & REO Listing Agent
"The Best Way To Predict Your Future Is To Create It"
Keller Williams Realty
Toll Free: (866) 538-6057 I San Diego: (619) 309-7883
Mobile/Text: (858) 539-6803 I DRE License # 01777558
Office: 4370 La Jolla Village Drive, Suite 400
San Diego, CA 92122
SHORT SALE EXPERTS WITH A MISSION TO:
"Help Over 360 Distressed Home Owners Avoid Foreclosure"
If You or Someone You Know is in Financial Distress Visit: http://www.SDRealEstate360.com
I understand your advice to buy now and I do agree that the timing is good.
The rates are the lowest they've been forever and prices are amazing.
The last 13 consecutive months prices in San Diego have been increasing steadily although not radically.
But what about July's drop?
27% of resale and around 13% of new homes sales plummeted!
The tax credit is gone and the sales are gone with it!
Is it just a temporarily coincedence or a sign of economy getting worse once again?
Unemployment is still up, and since 2009 and beginning of 2010 sales were driven by 1st time home buyers, that wave is currently absent.
Nobody has a crystal ball to exactly predict the future, but I do believe that the recovery is not as quick as a lot of us believe it is.
Prudential California Realty
516 5th Ave,
San Diego, CA, 92101