There will always be foreclosure, sheriff sale and regulare properties for sale. If you wait, you may miss out on a nice home. Be aware that the interest rates are about as low as they will get.
If you are going to purchase a property to fix up and sell, then you must do that within a six to eight week time span. This way the market forces will not affect you asking price too much. If you are buying the home to live in, then this is a great time to invest in a property as long as you are moving into a larger home. If you moving into a smaller home, you may wish to wait until market prices increase.
If you need any further assistance, please give me a call.
Terrence Charest, e-Pro
Century 21 Associates
905 Easton Road
Willow Grove, PA 19090