There are lots of good deals out there right now and lots of wiggle room with prices since houses are sitting on the market for a long time. The husband and I just bought after a house we were watching dropped in price by 15k. We went to see it that weekend and turns out the lady was moving to BC and a previous purchase deal fell through. She was very motivated to sell so we were able to negotiate an even lower price. I think in the next few months it will be interesting to see what the market does. More people might be selling due to financial circumstances, but if the majority of serious potential buyers are following the advice of "don't buy right now, wait until the end of the year", there is going to be more competition for those houses and less wiggle room for deals since good houses wont be sitting on the market for very long.
|