i have been looking around to purchase a townhome in torrance and fullerton area

but i am really confused whether i should purchase a house or rent a house for now and buy them later ( heard that the market will go down more)

i honestly think that the price of houses in so cal are ridiculous...

sametime i dont wanna waste my money on rent every month which i could pay towards my house mortgage....


in my opinion torrance is a better market to invest than fullerton according to average market increasing rate...

i dont know im confused..

someone who works in this field please answer whether i should purchase or wait more...

 

The best thing to do is.. Find a house below market value, but you gotta do your homework, and find a good deal.

Use tools such as zillow.com or if you know anyone that can pull comps, use that resource.

It may still have a little room for growth in some areas, both those areas are great. All the news hype about property going down is scaring the whole market, and has alot of people scared to buy. Just do your homework before you buy, you can still get good deals right now.

 

If you found a house you love then buy, if not wait and do your research.

I would rather pay more for a house i love then wait to see how things will go.

 

yea but it is not as easy as u think though...

suppose u bought the house and then value of ur house decreases
it will result you to have more debt than how much ur house is worth... and u r screwed

 

I understand, but if i really loved the house it wouldnt piss me off too bad. Also remember that this is going to be a 30 year thing. So im sure no matter what happens that in 30 years the price will go up.

But i feel ya, one of your biggest decision

 

I dont think property value will decrease. Thats why you get it appraised. I've seen property priced waaaaay below its actual value.

Do you have a realtor? I have a pretty good one that you can talk with ..... answer questions that you may have. I feel he's pretty good.

 

not to offend you, but i think all the realtor that i have met, they only say good

things about future market so i will lean towards purchasing house so that they

can make money from it..

i meant it is obvious that realtor only makes money when clients purchase houses

that is why im posting here to hear the neutral thoughts

 

I dont mean this in a bad way but the only thing that is for sure in life is death. No one is sure about tomorrow so like i said from the start, find a house that you love and buy!!! You might not buy now and kick yourself in a year because the prices went up.





The first line is from sooo many songs haha

 

No offense taken .....

I am in the market to purchase as well, thats why I'm kinda following what people have to say about this topic.

I strongly agree with WS2006. Per say you see a house you love, you monitor the price to see if it drops for a month or two, next thing you know, it has a SOLD tag on it. I would be to see that happen to me .... especially if I fell in love with it.

Carry on .....

 

I would have to agree with the House Loving.. If you find a place you love, you don't have to worry about the market too much, cause you will be there for a while. The market if it drops will rebound itself. Its usually 10 year cycles.