Marcus & Lisa Miller's Discussions

As long as six months ago I heard people saying to wait till the end of the year to buy a home. Actually so far they were right. But the interest rate is up while the prices seem to still be falling. When do you think it is time to move on that house? Actually the real answer is when you need to. If you can sit back and wait that is great. Only when everyone knows it is time to buy, it may be too late to get the best price on a home. Once everyone is in, the demand will raise prices.If you are thinking of selling a home, it would be better to wait, unless you plan on using the money to buy another home and have equity or that you need to, for one of many reasons. [content removed by moderator for being self promotional]

Half the homes that sold in OC, Calfornia last month were bank owned. The number of sales were up 65% total. From what I see up close, my fellow agents are increasing their inventory of these bank owned places. When will the bail out come and will it be too late to help those who REALLY need it? By the way if you own a home and a bank owned goes up for sale in your area. Forget selling for a few years.