Posts Tagged ‘timing the market’

House I liked in Delray Beach

Just when is the right time to buy?  Should you keep waiting for prices to drop even more?  I was in Delray Beach, Florida in August.  People there were saying, “you will never again see prices so low, but in the Spring they might be even lower.”  So what do you do — wait?  What if they start going back up?

The thing is now is a great time to buy.  And the Springtime probably will be too.  But more importantly, where are you in this process?  Do you need a place to live?  Do you plan on living in the property for a minimum of 3 years, but preferably 5 years?  Do you have funds to put into the transaction?  Do you expect your job and income situation to remain steady for the foreseeable future?  Will you have funds leftover for an emergency?

It’s not just about price and timing the market.  It’s about much more than that.