Being situated where it is, Temecula is not only one of the first places to be hit by the decline, it also will be among the last to pick up next time around. If you buy now, you are sure to be locked up in your property for a very long time. On the other hand, if you resist the urge now, in a year or two you will find yourself in a MUCH better situation. Sure, 400K for 3000 sqft sounds tempting, and you can negotiate it even lower by Feb. In a year you will still be able to buy a cheap house, but you will also have a great choice of locations, features, views… Sellers will entertain your offers like you can’t imagine.
Wait just a little longer, resist the temptation, and you will be rewarded: your house will not be just a good deal. It will be the home of your dreams.
