4Spotentialbuyer it is hard to say. The developers have done a great job keeping the demand high in 4S by racheting down the number of homes per phase release AND keeping the releases spaced out sufficiently. I cannot really say if fall 07 will be better or worse then spring 08. One thing for sure is that summer of 06 was much worse then summer of 07 out there. Many people who even post here will recall 4S being VERY slow last summer with empty sales offices and reductions in price coupled with large incentives. That has not been the same story this summer.
I would say if you find the house you like and can afford it, and it fits your lifestyle then go over there and bargain. Try to get an immediate 3% reduction with the rationale that you are not being represented by an agent.
In the same breathe I will say that I believe there will be foreclosures (or shall I say there will be more foreclosures there) and that there will be more depreciation there, not sure how much it will be or how long it will last, the homes in 4S will depreciate. However, if you can afford it, and you understand that there will be depreciation, and you do not want to rent anymore, then so be it. Just do not overextend yourself.
I am not trying to validate or invalidate your sanity. What I am trying to say is that you are one of many people looking to buy in this particular area. This confounds many of the posters here. Whether you are correct or they are correct was not the point of my post. The point really was that there is a demand for this particular supply. Many here try to say there is not, try to hope there is not, and feel very frustrated about that demand. Thus when people such as yourself post like you have, they are frequently met with replies that cannot comprehend the decision to purchase.
Again, if it is a purely financial question, I would say that holding out will enable you to purchase at a cheaper price in the long run. Will that mean that next year or 2 years down the road you would be able to buy the same home for a cheaper price? Not sure… I “think” so but those builders have done a good job keeping the prices up. Obviously there are other factors besides the sheer financial numbers that you are basing your home purchase on.
