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If you've taken 3 years to find a "larger home", you aren't a serious homebuyer. Either you're a control freak or your real estate agent is a moron.

How nice of you to speculate on my personality.. LOL!

Actually, I'm not in a rush to move. I'll be keeping the townhouse I own and rent it out when I've found a larger home. I've been keeping an eye on the market for the last 3 years.. but mainly I've been waiting for interest rates to go up (since I'll be paying cash) and for prices to come down.

I've always had a good gut instinct with real estate (born into it), but I think I missed a prime opportunity 2 years ago.. I'm thinking 2007 will be my year again. ;)

375 posted on 12/16/2006 9:27:15 AM PST by divine_moment_of_facts ("So, I put on some tangerine lip gloss and answered the door.. I was one lucky woman.")

Actually 2008 or 2009 will probably be a better year...since we haven't struck bottom and won't anytime soon.

IMO, all properties will see a 15% minimum price drop by end of next Summer...from where they are today.

And, that's if rates don't go up from the 6% fixed rate we're seeing today. If rates go up to 7% to 8%...it's going to get real ugly.

379 posted on 12/16/2006 2:06:48 PM PST by DCPatriot ("It aint what you don't know that kills you. It's what you know that aint so" Theodore Sturgeon)