Hi Phillybound. I wanted to add a few things to what my colleague Terrence stated.
First, it MAY make sense to buy today, rather than wait, because you likely will get more for your money now than you will in even a year or two. If you wait, you should have more money to put down, however, if the market rebounds -- as predicted -- the price of homes you're looking at may very well go up...perhaps above your price point. All that said, we don't have a crystal ball and noone KNOWS what the market will do in 6 months, a year or 5 years from now.
Second, I would guess that you haven't hired a Realtor yet. I would HIGHLY recommend that you interview Realtors to represent your interests as a buyer (the GREAT news is: this all-important representation will cost you NOTHING). After interviewing 2 or 3, choose the one who you feel listens well and is experienced, honest, responsive and will work hard for YOU! No two buyers' situations are identical.....your Realtor will be able to give you the BEST advice possible for YOU, after learning more specifically what your circumstances are. And, when you find the perfect home for you, your Realtor will be able to negotiate on your behalf to get you the best investment possible! Without a doubt, a Realtor will ultimately save you time, stress -- and, yes, MONEY, too:)
Please feel free to call me direct at (610) 324-5240 to discuss your needs in further detail. I will do my best to help you in any way that I can.
Good luck and blessings to you...........
Judy May, Esquire, REALTOR
"A Refreshingly Different Real Estate Experience"
CENTURY 21 Alliance
2828 Audubon Village Dr
Audubon PA 19403
O: 610.666.0202 x. 226
C: 610.324.5240 (preferred)
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