When I read $217,726: That’s What You’ll Save (Give or Take) If You Buy a Home Now, it made me think. I recently received a call from a past seller who has been renting for the last 2 years. Her life situation has changed, and she is saving money and paying off debt before buying a home again next spring.
Of course, she wants to know what the real estate market will look like in the future. It’s a very common question, and I wish I had an answer. The best I can do is watch the trends in our local market. It’s true we’re affected by the national economy, but as Sam Zell, chairman of Equity Groups Investment, said, “Real Estate is local. You can have an opportunity in the midst of chaos.”
The best advice I can give is to be truthful with yourself when examining your own situation. Speak freely with your real estate adviser. They can help walk you through those decisions, without making the decisions for you. Only you can determine what is best for you and your family.
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