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Old 02-28-2008, 10:41 PM
Sidney Lanier Sidney Lanier is offline
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Default Re: Visit to purchase

You have to remember that the housing market in TV never slumped in the way it has in other parts of Florida (south Florida is a virtual graveyard real estate-wise) and other parts of the country. It is without a doubt slower than what it was, but there's no predicting with absolute certainty when the bottom will be. Besides, you could see a house at a price that is not to be believed because someone HAS to sell, regardless of whether the market generally is at its absolute lowest. You have to do what's best for you, dealing with the situation today--the real estate here and your own personal and financial situation. We bought when we did (in the fall) because it was right then. Could we have gotten a lower price a few months later? Who knows? Probably not, we believe. And frankly, I can't make myself crazy obsessing about that. Come and look over the market; see the resales as well as the new. Educate yourself as thoroughly as you can and then make a decision. IMHO, I don't think it'll be two years to hit bottom, at least based on the economic news I've looked at. Best of luck!