I have 127k saved up to put towards a new home, I've been leasing a house for about 3 years and really would like to get a place of my own. The thing that concerns me is the stability of the real estate market right now. Should I continue to lease and invest the money in CD or something?

I really can't decide what to do here.

Buyers market right now! I'd jump in!:thumbsup:

Buyers market right now! I'd jump in!:thumbsup:

:iagree: Foreclosures are a high right now, very good timing for buyers. :thumbsup:

Find something you really like and buy it. I was looking this spring, but couldn't find anything in the area I was looking that I really liked. So, Im just waiting now.

The time is right now if you have 127 to put down do it now!!!! or get the new 08 lol

My sister owns a house in Arizona that was appraised at over 350K two years ago. She was thinking about downsizing so she had her house reappraised to put it on the market. Now it is worth only around 270K. Now is the time to buy. Especially with all the foreclosures on the market. The banks and morgage companies are selling cheap to cut their losses. You should be able to get a deal. With a lease, you are paying someone elses house payment and getting nothing in return, other than a roof over your head.

If you are buying right now is definetely the time, you could really walk away with a great deal on a house! Just make sure that you read you contract very carefully!:cheers:

I really feel bad for the folks that are losing thier jobs and forced out of thier homes, what a tough situation that must be!

In NY metro area right? It just goes UP there eventually! FAR more than a cd! Buy quality in a good area and you cant go wrong!

Just bought another house. Now's the time.

Buy now, but dont go over your head with the payment, they always want to lend you more than you can really afford, if you get too strapped, you wont be able to afford petrol for the vette, buy now, keep it light!

I have 127k saved up to put towards a new home, I've been leasing a house for about 3 years and really would like to get a place of my own. The thing that concerns me is the stability of the real estate market right now. Should I continue to lease and invest the money in CD or something?

I really can't decide what to do here.

As a full time Realotr here's my advice. Find yourself a good professional Buyer's Agent, do your homework in terms of looking at lots of properties to get a good feel for values, Be aggresive in making your offer (meaning Low) and make sure you have everything inpsected....but now is the time to buy. From an ex Brooklyn Boy in Ga.

you could just keep leasing give me 127k and ill be close to paying off my house. depending on where you want to live i know 300k house down in nc goes along way.

As a full time Realotr here's my advice. Find yourself a good professional Buyer's Agent, do your homework in terms of looking at lots of properties to get a good feel for values, Be aggresive in making your offer (meaning Low) and make sure you have everything inpsected....but now is the time to buy. From an ex Brooklyn Boy in Ga.:iagree:

As a mortgage pro for 34 years believe me, now is the time to buy. Mortgage rates are at historic lows and with half way decent credit (score above 580) it is very possible to get a rate of 5% for a fixed 30 year loan!! As a sweetener if you are a first time home buyer you would qualify for a 7500.00 tax credit for 1st time buyers. Talk to a local mortgage pro, get a pre qualification and visit a real estate pro in your area. Good luck house hunting.

Buy a house now....there are some amazing deals to get. If you go through real estate get their percentage lowered....then put a really low bid on the house.....or better yet, find a house being sold by the owner and make a killing! We did.

That's right! Buy a house now....there are amazing deals and the owners quite often will dicker with you.

in buying a home, you need to get a professional help, aim for a home you can really afford, do your homework before bidding, and hire a home inspector

:2ni19wj: ... :seeya: ... "Rico"