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January 15, 2009

Comments

mark

You sure you don't want to wait longer? I really doubt the market has hit bottom yet? (I've heard that mortgage interest might go down steeply, in which case I'm going to try to sell out ASAP). Renting now seems like freedom.

Garrett

Well, we're going to begin looking 'round about Thanksgiving this year. I think we'll see another 25%-30% drop between now and then and then another 5%-10% the following year as it begins to trough for several years. But by the end of this year it makes sense to buy since it will likely be 25% or more cheaper than renting.

Mike

I agree. The real estate profession is an absulute joke. The reps are not required to know anything about home construction, loans or remodeling.

The Banks should work the deals since it really is their home. I think that profession is even lower than car sales.

Also, a note that you may want to take: We have always bought our homes on our own with ONLY the listing agent. Look on the internet on your own and then get the number of the listing house from the sign in the from yard. The listing agent will work harder in getting you a better deal since he does not have to split the deal with another rep. You just have to make sure you let him know that you know your stuff.

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