My husband and I are looking to purchase our first home in Southern California. When should we buy?

February 1, 2012

I am hearing a lot of talk to buy now or wait 6 months. We plan on living in our home for a few years, so it would be nice to purchase something with potential. I dont want to deal with a forclosure and have to pay so much out of pocket for repairs. I am hearing a lot about short sales but the wait is about 2 months to hear from the lender. My husband and I have Excellent Credit and I am hoping we can get into a first time buyer program. Any advice?

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One Response to My husband and I are looking to purchase our first home in Southern California. When should we buy?

  1. robert w on February 27, 2011 at 12:21 am

    get cash up front.
    read understand ‘ house buying for dummies’
    get 3-6months savings for ur layoffs.
    never ever buy a house for a "few years" keep renting.
    no value , plenty of costs in short term house buyers.
    read ‘total money make over ‘ d.ramsey
    to learn the hard lessons in ur future.

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