Quote:
Originally Posted by Red
"Real Estate never goes down....."
"Buy now before you're priced out forever...."
"We have Oil in Alberta, houses will keep going up...."
Oh, the memories, where's Dominicwasalreadytaken and all the other resident Donald Trumps? I'd really like to hear what they have to say now. Probably the same as Ed Jensen, we are just seeing a "slight market correction".
Anyways, my worthless advise is to wait until the market is on a upward trend. Never buy while things are on the way down. And don't buy the "buyer's market" crap, it's neither buyer or seller market, it's a wait and see market.
|
This is probably true. The one thing to consider is that when the market does turn your negotiation strength is greatly reduced if not gone. Right now you could offer a lower offer and have a good position to hold that stance, but once the market bottoms out and starts to climb those positions end pretty fast.