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My Grand Plan - thoughts?

dlsdls
edited March 2010 in Seattle Real Estate
Ok, so, I'm planning on moving back into my post-water-pipe-break-flooded-now- renovated apartment this weekend (all things considered, it still looks to be better than the local huge complexes). I'll still be month-to-month, ~$1K for a 2/2 with a garage in a no-pets 6-plex. My thoughts are to keep stashing away the cash and look to buy a SFH late this year, say Aug/Sep/Oct, in the south Snohomish county area. I think prices in SnoCo will still drop a bit over the next few months, negating the $8K tax credit, and I will have a reasonable inventory to pick from. Thoughts on the housing market for the latter part of 2010?

Comments

  • ira sira s
    Seems like a decent plan to me. I also think that prices will be a bit lower in the fall, so I can't see any harm in waiting.
  • ShilohStreetShilohStreet
    I got hammered by someone else for saying this but in my opinion, we'll still see somewhat of a decline in areas after the tax credit expires. I feel the tax credit is artificially lifting up certains areas.

    The fall is always a good time to buy plus the tax credit will have expired so I say you have a nice little game plan there! 8)

    Josh Sanders
    Founder, http://www.shilohstreet.com
  • MarkorMarkor
    Plus interest rates should be higher, putting further downward pressure on prices. 50% chance that all gov't housing programs will be extended during this election year.
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