Some of you know from my previous posts that I’m buying in Temecula or Murrieta. So, for those of you who are familiar with the area, should I wait at least a year or buy now?
The new home builders in this area sare getting desperate and offering a lot of incentives such as dollars off the price and rate buy downs, but the houses still seem overpriced to me. My concern is if I buy now, how much will my house have depreciated in a year…
After buying would you have 6 months worth of living expenses (emergency funds) available? If not, do not buy at this point. For buyers in that situation you should at least wait until a turn in the market is underway.
If you do have sufficient cash reserves after buying, then I would neither buy not or wait a year. I would buy in October. (probably 2008 if you “have to”, but maybe 2009 will be better).
After buying would you have 6 months worth of living expenses (emergency funds) available? If not, do not buy at this point. For buyers in that situation you should at least wait until a turn in the market is underway.
If you do have sufficient cash reserves after buying, then I would neither buy not or wait a year. I would buy in October. (probably 2008 if you “have to”, but maybe 2009 will be better).
After buying would you have 6 months worth of living expenses (emergency funds) available? If not, do not buy at this point. For buyers in that situation you should at least wait until a turn in the market is underway.
If you do have sufficient cash reserves after buying, then I would neither buy not or wait a year. I would buy in October. (probably 2008 if you “have to”, but maybe 2009 will be better).
After buying would you have 6 months worth of living expenses (emergency funds) available? If not, do not buy at this point. For buyers in that situation you should at least wait until a turn in the market is underway.
If you do have sufficient cash reserves after buying, then I would neither buy not or wait a year. I would buy in October. (probably 2008 if you “have to”, but maybe 2009 will be better).
After buying would you have 6 months worth of living expenses (emergency funds) available? If not, do not buy at this point. For buyers in that situation you should at least wait until a turn in the market is underway.
If you do have sufficient cash reserves after buying, then I would neither buy not or wait a year. I would buy in October. (probably 2008 if you “have to”, but maybe 2009 will be better).
FormerSanDiegan, no I do not have 6 months cash reserves. I just got graduated college (May 2007). I wasn’t able to save paying for expensive college classes and attending full-time while taking care of two kids.
My biggest fear is buying a house now for 300k, and then next year, the builder is offering that same house for 200k.
FormerSanDiegan, no I do not have 6 months cash reserves. I just got graduated college (May 2007). I wasn’t able to save paying for expensive college classes and attending full-time while taking care of two kids.
My biggest fear is buying a house now for 300k, and then next year, the builder is offering that same house for 200k.
FormerSanDiegan, no I do not have 6 months cash reserves. I just got graduated college (May 2007). I wasn’t able to save paying for expensive college classes and attending full-time while taking care of two kids.
My biggest fear is buying a house now for 300k, and then next year, the builder is offering that same house for 200k.
FormerSanDiegan, no I do not have 6 months cash reserves. I just got graduated college (May 2007). I wasn’t able to save paying for expensive college classes and attending full-time while taking care of two kids.
My biggest fear is buying a house now for 300k, and then next year, the builder is offering that same house for 200k.
