Home Buying in Anaheim>Question Details

Rahul, Home Buyer in Anaheim, CA

Is it a good time to buy 2BR/2BA 1250 sqft townhome in Anaheim at the price of 300K with the talk of?

Asked by Rahul, Anaheim, CA Sun Jan 20, 2008

recession going on every where. Will the prices go down so much, that it will take almost 10 years to come back.

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4
Hello Rahul,

My personal opinion is that if you can wait to buy, you should. I have a 4 bedroom, 2 bath, pool home on my street (East Anaheim) that is bank owned and they are asking $439,000. Two years ago this home would have sold for or above $600,000.

It depends on your needs and when they need to be met. I've seen single family homes in certain parts of Anaheim well into the $300,000's.

You can track the current inventory of homes for sale by accessing my website. Or call me if you would like a personalized client MLS gateway which will give you up to date inventory activity for your specific criteria.

Best regards,

Robert M. van der Goes
vandergoesRE@AOL.com
(714) 305-2050
1 vote Thank Flag Link Sun Jan 20, 2008
Price per square foot in Anaheim is down 17% from 2006-2007. A good time, is when you don't think it will go down anymore or not enough for you to put your life on hold any longer. Inventory is at it's highest level in Anaheim since the end of the boom and will probably grow a bit this year based on upcoming foreclosures.

Are you considering other areas? Take a look at the link below (Web Reference), this will take you to a post on what all areas in Orange County did between 2006-2007.

Feel free to call me with any questions at (949) 278-4807.
0 votes Thank Flag Link Sun Feb 10, 2008
It's always a good time to buy real estate. Especially now that the market has corrected. The old addage is... don't wait to buy real estate... buy real estate and then wait. It's just a matter of time that your value will go up. sometimes faster than others. These days, plan on owning the home for 2-5 years. Even then, plan to continue to own it as a rental property.
Web Reference: http://www.PeltonTeam.com
0 votes Thank Flag Link Sun Jan 27, 2008
It depends on the area you want to purchase your home in. Anaheim is experiencing some revitalization which may bring the values up after a while. No one knows for sure what the future holds. An experienced realtor in the Anaheim area should be able to guide you to homes that meet your criteria. Most believe that we will not see a huge appreciation of homes like we did in recent years for a very long time. For investment purposes, there are many investments that would probably have higher returns than a Southern California home.
0 votes Thank Flag Link Sun Jan 20, 2008
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