Posts: 1052
From: Cleveland, Ohio
Registered: Jan 2003

posted April 14, 2008 08:08 PM         

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Hi, I am beginning to look for a house to purchase i realize that the best time to buy was about 2 or so years ago. Does anyone know what else indicates a good time to buy/start looking?

Incase you're wondering my info is:
July 11, 1963 7:53AM EST Cleveland, OHIO
Sorry I can't post my chart.

Thanks

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Posts: 608
From: norfolk, virginia USA
Registered: May 2006

posted April 14, 2008 08:10 PM         

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Hey-
I know lots of people in real estate.
I think its a good time to buy, not to sell.
Its a "buyers market". People are taking less for houses, you might make out well.

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Posts: 1052
From: Cleveland, Ohio
Registered: Jan 2003

posted April 16, 2008 06:22 PM         

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thanks,
I'm hoping to find my ideal home. A good $ comes second!

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Posts: 3274
From: London
Registered: Mar 2006

posted April 16, 2008 06:26 PM         

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Now... is the time.... to "wait and watch"

In 6-9 months time you will be able to better gauge how far USA economy is going to FALL.
It could be big, in which case you should get a real bargain at the seller's expense.
Good luck!

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Posts: 508
From:
Registered: Nov 2007

posted April 16, 2008 06:32 PM         

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if you are looking in OHIO you should buy now. don't look at your chart, look at economy.. when there is blood on market, buy properties... and OH is full of blood

you got the message.

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Posts: 1052
From: Cleveland, Ohio
Registered: Jan 2003

posted April 24, 2008 05:10 PM         

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Thanks
I'm in good financial shape so I house is a definite yes! I'm hoping I'll attract my perfect dwelling. I'd like to focus in on what I want and attract the ideal agent.

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Posts: 994
From: New York, NY
Registered: Sep 2007

posted April 24, 2008 05:58 PM         

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I read an article today about how the market for buyers is better than it's been in 16 years. You won't have to work to hard to find what you're looking for at all. And agents are desperate for buyers now. You can pick and choose anything you want, as long as you don't need a loan, the banks are being super tight wads with loans, that would be your only obstacle, but if you're OK financially like you said, the Real Estate World is your Oyster.

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Posts: 559
From: U.K
Registered: Mar 2007

posted April 24, 2008 06:29 PM         

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Kat this is what I do for a living.
The USA sub prime fiasco is affecting us here.
Always know that all houses will cost more than you paid for them eventually.
If you can afford to sit it out now is the time to buy.
But you have to negotiate hard.
Decide how much you want to pay and never ever deviate.
Go in and say this (works 99% of the time)

" I really like this property so I will offer straight away the maximum I can (fill in your own low figure)and I will proceed if agreed with a sale straight away.
However I am not open to negotiate. That is the top price"

If you say this they will know it's pointless trying to squeeze any more out of you.
9 times out of 10 if you show the money people can't snatch it out of your hands quick enough.
And if they don't? Move on.
And remember this. You can never lose on property (unless it's built on one of those dodgy fault lines you guys have!)
Good luck!

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Posts: 1052
From: Cleveland, Ohio
Registered: Jan 2003

posted May 03, 2008 10:51 AM         

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thanks Bunnies. Negotiating is something I need to work at. Dodgy fault lines? I think you're thinking of California. There is a fault line in Ohio but it's far East from where I'll be looking. Most of the fault line is in Lake Erie and I won't be looking to live on a ship.
Ohio has been hit hard by foreclosure but it's mostly in impoverished areas and low income areas that I plan to keep out of. Otherwise the rest of the area is still stable, so I will need to really negotiate.

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