It all depends on where you are looking to purchase ....
If you're considering Stockton California, then I might consider waiting 6 years ...
Your window says Pensacola ... the Panhandle area (like Destin, etc) is actually a great area to start *looking* ... that area didn't take the "Boca Boogaloo" like the rest of the markets in Florida..
Rates will be coming down in the next 2/3 months, most buyers will waddle back north after Easter ... so do your homework and look at everything ..
Would you know a good price if you saw one..? ... do the right research and homework -- it will save you thousands.!
Good luck and happy hunting.!
If you are a gambling person, waiting is probably the direction you should go. However, at the present time there is a known quantity that you can plan on.....
great inventory of homes
low interest rates
There hasn't been a better opportunity for buyers in a long time. You might find that waiting might end up costing you more in the long run. We like dealing with the known quantity.......
The "Eckler Team"
Century 21 Almar & Associates
Venice, Fl 34285
I have to tell you, if you are looking for some FABULOUS Deals, you need to think about purchasing some property here in "The Desert".
I am in Palm Springs, CA but I work the entire area of Rancho Mirage, Palm Desert, Indian Wells, etc.
Our Market here is GREAT for Buyers!
There is lot's of inventory and there is tremendous opportunity for Buyers who want to make some Offers.
You can feel comfortable purchasing now for sure!
Let me know if I can help!
Michele M Mayer
So, in short, if you can afford to do it. I would definately look into it.
I would suggest getting qualified for your loan and taking your time to find something. If the market start to shift either way you will be in a good position to take advantage of these trends.
The right time for you to buy a house is when you need it. If by waiting 6 months you mean lower prices you also have to understand that the house may or may not be there when you make up your decision. I always advise my clients that the right time to buy a house is the time right after diligent research has been done so as to make the best and most educated decision in regards to the offer price. A reputable Realtor in your area will be able to help you in this process. Hope this helps and good luck!
I can understand why the hesitation. In some areas of FL I would so not at all. For example Miami. We believe that Miami has a long way to go before it settles down. Other areas of FL are beginning to see the bottom, however I don't believe that in general we are close enough yet. We are currently reloading all of our FL property in because of all the changes in the market. Pensacola is a little more protected and may be a little safer.
Please email me and give me some details of your purchase. I'll do a little homework and let you know.
The Schaffer Realty Group