Home Buying in Apple Valley>Question Details

A4l, Home Buyer in Apple Valley, CA

Beautiful Apple Valley: Should I jump on the awesome deal or wait because everyone sayes so?I am looking at

Asked by A4l, Apple Valley, CA Thu Feb 28, 2008

the house market and I am concerned and shocked about the daily amount of properties coming up. Prices are still going down but, in this Apple Valley market, things may work differently from the LA and/or Riverside areas. Here you find mansions that are priced 500.000 and they have more than 3.000 sf. of living space and 1 acre backyard. I have found a property that is priced well, it has it all, but i am afraid that more are coming and I may get a better deal. On the other hand, Apple Valley is incredibily growing and expanding... many people from LA are moving here to finally be able to afford their dream home in a wonderful area, close to Big Bear and still not vandalized by track homes or pollution. Many professionals from LA moved here and they now live in homes that would cost them 5 or 6 times more in the congested LA. My question is: Is there anyone familiar with the Apple Valley house market, if so, any suggestion on when the best time to buy?

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Wait, wait, wait. The last time we suffered a downturn like this it lasted 3 years for prices to bottom out and then 10 for the prices to start increasing again. The banks still have a lot of foreclosing to do and soon they will be taking any reasonable offer to get the homes they own off their books. There is one huge difference here when compared to the general downturn in the 80's and that is the area around LA is trying to support a large number of potential home buyers. I suspect the downturn there will end a bit sooner than elsewhere, maybe Spring 2009 and prices will begin increasing in Summer 2010. Wait for that perfect house and then calculate your offer just lower than what you think the house will be worth in a few months . Trust me you will be the only one bidding with a real potential of buying. One last thing interest rates will stay between 6 and 7% as investors don't want nor can they afford bad real estate paper on their books so they will be waiting this out too.

I've included a website that is useful to track housing trends. I have no relationship with the site.
2 votes Thank Flag Link Sun Mar 2, 2008
Wow! It's a great time to buy. Prices are down, inventory is up. You have your choice or homes, areas, features. There are bank owned, short sales and real people moving on with life. There are views or the river, mountains or the valley. There is horse property, large houses on small lots, pools, near the golf course or way a way from it all. You name it, we have it. So come on up over the hill, The life style is good. Don't worry about missing the traffic, we have some here too, just not as much of it.
So figure out what your dream home is all about and find a Realtor to help make your dream come true.

Happy House Hunting,
Karen
Hamilton Landon GMAC
Apple Valley, CA
1 vote Thank Flag Link Thu Feb 28, 2008
of course :) I have had the answers I was expecting...50% sayes wait and the remaining sayes go ahead...funny...I guess tomorrow I will put the offer in for the house my husband and I really like, sometime its a matter to find the right home, no matter if you pay $10.000 or $15.000 more...we have been looking at so many houses and after all, since the deals are foreclosures, lets be honest, some people left a lot of damage and updating to take care of, things that cost money as well... I guess we are going to follow our hearts this time, and regarding the investiment point of view , we will stick with "location, location, location", so that we make sure our home will never be undersold...thanks to you for your suggestions and good luck!
0 votes Thank Flag Link Sun Mar 2, 2008
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