Home prices panic???? Need advice please!! - Zillow Real Estate ...

I think prices are rising in some areas. Interest rates are attractive, prices are decent. Many people who couldn't take advantage of the good buying conditions because of bad credit, have now had time to rebuild and correct issues. It is truly significantly cheaper in many areas to buy rather than rent.?

All that being said, other than a few small pockets, I simply don't see how prices can go up more than a 2 to 3% at most in the time frame you are talking about. But again, I'm not in your market...

You are in a fantastic position. You will be a cash buyer (or mostly cash if you decide to "jump"), and will not have a time constraint (no house to sell, and no "must close by ___"). One thing I can say, the truly good deals, virtually everywhere, go to people like you. Those who can watch the goings on carefully, and are ready to pounce when a good deal hits the market. You will even have the advantage over most investors with ready cash, because you will be an owner/occupant and won't miss out on the deals that are only available at first to OO's.

I would start putting some effort into finding an agent, because the right one will be invaluable. Also, besides just searching the MLS in your area with an agent, go to every one of the different bank and?government website that sells bank owned properties and register. Sometimes the properties are listed as coming soon there days or even weeks before they are available. Wells Fargo, Hudhomestore, Homepath, and other banks have searchable sites, that allow you to set up alerts.?

I am buying myself and had to wait a bit for different reasons. I can hear in your post the exact kinds of TORMENT I put myself through....completely needlessly, I might add! Take a deep breath, and try to enjoy the search.?
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Source: http://www.zillow.com/advice-thread/Home-prices-panic-Need-advice-please/466625/

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