When I look at how many houses sold from Jan - Mar 2008, I have to wonder if this is a good time to buy. Sure, interest rates are low. However, you can always refinance.
A lot of sellers in Southwest Ohio have not adjusted their asking prices to TODAY'S fair market value. Supply FAR exceeds demand! Lower your prices! If you purchased your home within the last few years and now you are forced to sell, you will have to take a loss. If you leave your house vacant and have to pay taxes and other maintanence costs, you will continue to lose over the course of time.
The only way to buy right now is to buy low. AT LEAST 10% LESS than what the seller paid if they purchased within the last few years. AT LEAST. Remember basic economics: when supply exceeds demand, lower price. It is basic. I sound like a broken record...just make sure you BUY LOW! - Thu May 1 2008, 09:38
MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.