Quote:
Originally Posted by emge
My husband and I just started looking for places a couple months ago (we're in a very nice rental, and no rush to move) --- I'm not hoping for any huge drop in prices except for the market being slower in the winter. It would be nice if some of this market stuff translated into a better deal at the right time, though.
I'm impressed by what we've seen so far, though... perhaps coming from Toronto is a big part of that. I've always wanted to get an old house and redo it well... here that's a realistic possibility.
It also solidifies that we'll definitely be staying in Hamilton over the long-term, which I'm all for... and when it comes eventual time to sell, I'm sure it'll pay off.
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Emge, my wife and I did the absolute same thing. We currently live in Port Credit in a nice rental with beautiful lake views. We started looking around last month, thinking we would start seriously looking next spring. Next thing we knew, we are closing this December. Could not pass by this cute solid house next to Gage park in need of a "decorating touch" for 60K less than the original asking price. A similar house next door sold for 95K more last year. I can't imagine more of a buyer's market than it is now. We too are confident we will win in the long run. If there is one thing John McCain and I could ever agree on would be that "the fundamentals of our economy are still strong". When the panic in the financial sector is over, those who stayed ahead fo the curve will cash in.
Good luck with your house search!!