Quote:
Originally Posted by The Big Chill
It was listed a bit low. It was a 1750 square foot house in the SE. listed at 500, sold for 600. We thought 550 was the market price, but that got blown away. The house was also 20 years old and had no updates done. It was really well lived in, to put it nicely. When we looked at it we thought there would be damn near a hundred thousand bucks of renos needed.
Today we are seeing 1300 square foot houses listed almost at 500.
|
Honestly, not that you should take anonymous advice from someone on the internet, I'd try to hold off for a while and wait for inventories to become closer to average. I realise there are a million factors here, not the least of which could be a realtor telling you that you need to "buy now because you're out of the market and what if it rockets up?!?!"
But looking ahead, spring would generally have more listings and more homes on the market. Interest rates could well rise within the week or in March, depending on who you listen to regarding that. I think both of those might be better. (And of course you can get rates locked in to protect yourself in that event...)