Your screennames seem ironically similar in their wit. How are either of you aware of the Philadelphia market. I realize that South Carolina and Texas may be suffering from the current crisis, but this is certainly not the case in every market.
So you really can't go by median sales prices until you narrow down the size, style and sometimes the steet of the properties.
Hope that helps,
Terrence Charest, e-Pro
I really wish I could say one way or the other on how the prices will be affected in the furture. Unfortunately, seeing the future may work for some people, but it is always blurring. You have to decide on whether you should do this or not. If everyone based their decisions on "What if?" then no one would be doing anything. Just do what you want or need to do.
If you are planning on living in the home for the next ten years or so, if you have a decent downpayment and if you are not getting an Adjustable Rate Mortgage loan, then I would say buy the home. If you are planning on buying a home which is a short sale (the owner owes more than what will be gotten from the sale), then I should warn you that the process may take several weeks if not months to go through.
I could discuss this further, if you wish. Just give me a call.
Terrence Charest, e-ProÂ®
Century 21 Associates
905 Easton Road
Willow Grove, PA 19090
Cell (Preferred): 877.614.1494
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