This is the scare tactic that my agent emailed me with. I love sending stuff back to him that he can’t argue. I might send him a link to this site next time so he can do some research. LOL
Ideas to consider in this housing market –
Prices may still go lower, but as soon as they hit bottom, they will rebound with a vengeance, quickly wiping out any advantage you might gain by waiting.
Right now, you have an unusually wide selection of properties to choose from, including those owned by people highly motivated to sell immediately.
With so many potential buyers holding off, you have a much smaller number of people competing with you for the available properties.
When the turnaround comes, those “waiters” will be your competitors, making your offer less attractive to those selling their homes.
Financing is still available at historically low interest rates, but are sure to escalate when activity resumes at more normal levels.
Even if you SHOULD pay a little more than you would if you actually hit the “bottom” of the market, normal appreciation would make the difference irrelevant within a few short years.
