Is it a good time to buy? It’s one of the most popular questions these days. Everybody is thinking about it, buyers, sellers, real estate agents; everyone, no matter where they come from in the country. Unfortunately, unless you have special powers (do you think Spider-man would know?), you will not be able to answer this question with certainty. However, everyone can talk about it and everyone can have and share their opinion.
Ryan from Chicago posted this question on Trulia Voices over a month ago: ‘Why should someone buy in this market’ and I am still stunned with this thread. Close to 1K answers and members are still contributing, trying to collectively come to a conclusion.
And that is the real value of the community. Is not always about getting an answer, it is about interacting, sharing ideas, solutions, knowledge and hopefully coming to a conclusion which makes sense to you. What’s your question? Maybe it’s time to ask…
Popularity: 40% [?]
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June 11th, 2008 at 6:58 am
Well Vicky, this amazing real estate question has had 1,238 replies thus far. What an amazing real estate conversation. If you haven’t checked it out yet, please do - very insightful comments.
June 18th, 2008 at 2:29 pm
NOW is the time to purchase real estate. After a few years of a tramatic real estate market, the bottom has hit, and prices are becoming more stable…in one of the hardest hit areas of the country: Reno, Nevada. The recent upward surge of interest rates by the fed will certainly push the buyer fence sitters to the position of buying now. The flood of foreclosed and short sale properties is now becoming more of a trickle and market inventories are returning to normal levels. BE SMART - BUY NOW!
July 1st, 2008 at 12:37 pm
I think it is an excellent time to buy real estate now because there is so much inventory on the market right now. It is definitely not a sellers market. If a buyer wants to have a good selection to buy from then there is no shortage. Plus the sellers are having to compete against each other.
July 3rd, 2008 at 8:25 pm
Vicky
I agree 100%! The Bend Oregon real estate market is down and there are a lot of great homes available! I was just working with a buyer from Florida. He currently owns two lots in one of our most prestigious neighborhoods here in Bend.
We figured it would cost him $200 a square foot to build and we found a beatiful home with mountain views for $81 a sq ft. after taking out the value for the land.
I look for our market to bottom out in Central Oregon next year unless our whole economy goes into the toilet. Thanks for the great post!
August 1st, 2008 at 8:03 am
We are in a buyers market - and that applies worldwide. The biggest problem buyers face is getting finance, but if that isn’t a problem for you - I would get out into the market and look for a bargain.
The rule is: If everyone is buying - you should sell. If everyone is selling - you should buy.