Tom makes a very good point about getting a loan now.
Another GOOD reason to get a loan is that interest rates are near all time lows.
Let's say you borrow 100,000 at 4%. That would be Paying $4,000 a year or $333 a month for interest.
This could put you in a $200,000 home with money left over for improvements and a rainy day fund.
A 200,000 home might be in a better area, safer and better located.
It's something to think about. My office is on Maitland Blvd, you have to walk across the street to get to Altamonte Springs. :)