In my opinion it is a great time to buy..there is alot to choose from, interest rates are down and if you do find a house you like then get your agent to run a market analysis for you to see what is a reasonable market value for the house. I assume that you will be living in this house for awhile. If you do not overpay for the house you will be fine. Buy it and enjoy it. If you wait too long for the price to drop...if it does...then all the potential buyers will jump in at the same time and you will be seeing a price increase ... a possible bidding war! Why wait when you can be in control now and negotiate. Good luck.
The best way is to ask a local realtor for sold comps as a favor but make sure you tell the realtor it is becos you want to refinance and not sell...Or have an appraisal done. Good luck.
You need to find out what caused that mold problem and what measures were taken to rectify it before you can make any good decision. Ask for reports and talk to the company that did it. If you are still interested in the house then you need to get a home inspector in to check it out esp for mold and see if it may still be a potential problem or not. You never know it may be a great house ....good luck. - Tue Dec 11 2007, 08:42
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