August 31st, 2007 5:44 PM by Manuel Couto, CRS, CRB
YIKES...The newspaper said, WHAT?
nope,.. don't believe everything you read in the papers, or the internet either (unless you really do have a rich uncle that died in Nigeria and someone has finally located you to send you millions and millions of dollars). The current market condition is a normal correction, and while many are waiting for the "Bottom" of the market, others are still buying, albeit more cautiously. First thing, by the time the market has bottom and we know about it.. it's over. Second thing, look at the money you are throwing at your landlord, or old home because you want to time the market. (SO does everyone, so when you buy cheap, so do they). Third thing, interest rates are still below historic 9% averages.
Whenever you look to buy or sell a home, the correct time is always NOW. Not tomorrow because your life doesn't go on hold, and not yesterday, because that's gone.
Take advantage of the many financial tools on MCoutoRealtor.com to help determine what you qualify for, as well as researching the school reports at MCouto.Isanexpert.com