Finding the right home is often like finding the right mate (hello Valentine’s Day): it’s all about timing. Should I buy now or wait? Has the market hit rock bottom or will prices keep sliding?
Real estate experts are warning buyers against trying too hard to time the market, which puts you at risk of miscalculating the “bottom” of the market – especially for first time homebuyers. So how can you avoid the same mistake? Start by picking the right timing for you (and not the rest of the market) by getting the facts and information you need on www.trulia.com.
Meet new people
And get the local scoop, especially if you’re buying in a new neighborhood. Ask other home buyers and sellers, or get free advice from local professionals about your area before you start looking. Check out how one Atlanta, GA couple used Trulia Voices to make their house hunting decision.
A: Fortunately prices have not dropped significantly for resales in the intown market. Foreclosure sales prices will… see more answers here
Be a stalker
Set up free and easy email alerts for your neighborhood so you’ll know about new homes the moment they become available. Enter your city at www.trulia.com and track a property or get emails for specific criteria (i.e. Chicago foreclosures) so you can stay on top of your housing game.
Know what you want
National and even state trends don’t mean the price is going to go down for that loft in San Francisco’s Mission neighborhood. Trulia’s hyper local neighborhood guides are a great place to get oriented and compare trends for home types across different cities. Find more city price guides here.
Single this Valentine’s Day?
Maybe you should move. Check out these affordable and hip pads in three of the top cities for singles and save your dollars for your next date. XOXO.
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Austin, TX $129,900 1br / 1ba 607 sqft |
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Phoenix, AZ $88,000 1br / 1ba 665 sqft |
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Boulder, CO $169,900 1br / 1ba 981 sqft |
Stay tuned for more excerpts from House Hunting Tips and see the full issue here.
Happy Valentine’s / Singles-Awareness Day!
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February 15th, 2008 at 8:38 am
When to move? When you can afford to! Why not start by seeing how much you qualify for a home. Once that is done you can begin your search. Will it be locally or relocating is to be considered. There is alot of inventory most foreclosures and they may take time so don’t rule out the traditional sale. Many people are relocating, downsizing or upsizing and there are plenty of non foreclosures out there also. Interest rates are great.
So my answer to buying at the bottom is when you can afford to!
February 19th, 2008 at 6:10 am
Now is the time to buy. I don’t think it will get much better than March of this year so start your search. The lending process can be slow so may want to start there first and see what you qualify for. Then start looking thru the huge inventory and find you home.
By the time you find a home and get lending there may be another interest rate change in March if not don’t dispair you have still purchased in a great time and what you’ll save in cost of a home will offset a recent interest change.
March 9th, 2008 at 11:40 am
This company FDP Capital does take the show.
They have my complete confidence to shoulder whatever I throw at them.
Thanks.
March 12th, 2008 at 5:16 pm
Sigh. Do you guys have legal counsel?
Let’s remove “Be a Stalker”. Highly inappropriate.