[quote=Panderso]It’s definitely interesting to hear everyone’s opinions. I think we’re going to try to buy. Inventory is tight right now but we have time on our side so we can wait for the right place at an okay price. I did notice a bunch of price drops at the end of summer last year so fingers crossed the same thing happens this year.

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We closed on our current home in September a number of years ago. We made our offer after they dropped the price (as you mentioned) but the problem was that the price was too high in the summer to attract buyers. So we did get a deal, but it wasn’t as big a drop as it looked to be. Unlike our usual modus operandi, which is to buy a house with hideous paint and weird cosmetic issues, this house actually needed little to no work. So we got that as a bonus. You will make money looking past paint and odd decorating choices. The faux Tuscan country houses are hot commodities for some reason – it always puzzles me.

Making a smart choice on a house will make up for a lot of volatility in home price. As an accountant you will probably do a better job of seeing past the superficial issues.