I am often asked this question and the answer is that I don’t know.  I have clients that have compelling reasons to purchase a home now.  Everyone has different goals.

I believe that the next several years may present amazing opportunities for those with cash (maybe even as little as $30,000 for non-owner occupied property) and good credit. I am a real estate agent and have been in mortgage banking and real estate for over 25 years.  I believe that in the next several years, fortunes will be made (even more money than the 1990’s).  Why am I telling you this today?  Because I want you to position yourself. 

*Save money…. It may not even need to be that much… in the 90’s many of the lender owned properties offered special financing (also for non-owner occupied clients).  Or perhaps you have an adult child and want to help him/her into a home or income property; the next several years just may present the perfect opportunity.

*Clean your credit. FICO scores run to 850 – get your FICO score as close to 800 as possible.  Order a free copy of your credit report and review it for errors, etc.  Any time you phone your credit card company ask that they lower your interest rate (most of them will if you ask).

Prepare yourself now, for what could be some amazing opportunities.

Home buyer’s guide - buying now or later, I would love the opportunity to assist you.