Is It The Best Time To Buy A Home Or Better To Wait?
This question must be asked by thousands of citizens, who are faced with the need to purchase a home and the uncertainty generated by the housing slowdown.
Should I buy now or wait to see if prices down?
Regardless of personal considerations and types of housing, if we look at the source of the demand for classifying the housing market, we would have a classification similar to this:
1. VPO (First housing and low incomes)
2. Housing middle (middle class and replacement housing)
3. Luxury Housing (Demand with high purchasing power)
4. Second Residence (Housing for holidays, weekends, etc.)
Means replacement housing, housing that is purchased after the first purchase and be assigned as a residence.
VPO
There is a large unmet demand for the market right now can not attend due to lack of soil which could be used to subsidized housing. In coming years we will increase the supply of such housing and surely there will be more and better opportunities to buy a house this tipe.
Media House
Is the house that was built more in big cities and that at this moment seems to be more stop. It’s probably the type of housing that has more competition due to existing housing stock and finished product is the greatest risk due to adjustment in the price. These adjustments may come for developers who need to sell, citing the possibility of being unable to cope with the financial burden or to investors who are approaching the time of writing and could not resell or housing. Both are interesting if the buyer has found a home you offer and subsequently be very difficult to get a better price for the property. In another situation I would wait until the first quarter of 2008 to see how the situation develops.
Luxury Property
It is a product with very few ups and downs, usually maintain a more stable sales pace than other homes.
The buyer of this property type serves much less than the rest of the market situation and this is as good a time as any.
Second Residence
It is a home from which we can neglect and due to the “psychosis” caused by the media, compared to prick the housing bubble would ensure that the four is the most stagnant. Price adjustments, also come for the two ways discussed above, should meet to buy one of those cases. Otherwise I would wait until the next Easter, where surely we can find good opportunities in both new construction and second hand .
