Buy Now or Wait for What?

Sunday, March 1st, 2009 @ 9:10 pm | Buyers, Homeownership, Market Trends, Neighborhoods, San Francisco

At my last two Sunday?Open Houses?in Pacific Heights (East)

?From 1650 Jackson St #401 in Pacific Heights (East)????s deeded patio looking towards Nob Hill & the TransAmerica building in the distance

 

…the weather has been overcast or rainy and yet Buyers are out there looking and they are not just coming in from?my open house?signs scattered along the four neighborhood commerical areas.

?Northside of San Francisco has four great walkable neighborhood commerical areas

Buyers?are wondering?whether to wait or to buy now.?

And I have had to ask…waiting for what?

Waiting for a bargain? vs. finding a home on the North side of the city?now???

?San Francisco Change in Home Values in 2008 on Northside of the city

Waiting for where?the market?bottoms out vs.?investing in?”Location, Location, Location” in?our great city?

Note that property values are holding their own – see circled neighborhood?areas on map above and below.

Excerpt from Zillow.com Home Index for 4th Quarter for San Francisco

Waiting for prices to rise vs. finding the value of a home now?

Waiting for multiple offers again vs. writing an offer without the competition now?

Waiting for the interest rates to rise?vs. getting tax deductions now??

Interest Rates at a 50 Year Low - Bankrate.com

Waiting until it is too late to meet the deadline?to use the?1st time Buyer’s stimulus tax credit package vs. taking advantage of?this $8,000 one-time incentive now?

When is waiting better, if you can get what you want now?

 

 

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