Proposed new Bail Out!

The New bail out! (edit/delete)

We have all heard that Friday the bail out bill goes back to be voted on one more time. They have maid the needed adjustment to make everything work this time so we here. What does that mean for our buyers and sellers out there. To be honest with you I would be a little concerned about listening to anyone that says they know what is going to happen. Nothing is in concrete unless you have heard it from the mouth of GOD. If that is the case then do not hesitate to take action. For everyone else all we can do is make an educated decision and ride it out. For the most part it is going to create opportunity for people to still be able to get loans. Which is good for buyers and sellers, is it going to raise or lower the home prices. That is yet to be seen and after seeing the report of homes on the market in multiple area I would have to say there are a lot more homes for sell than buyers. That would lead me to believe that home prices are going to stay were they are or even fall a little in certain areas. On the other hand some areas are starting to see supply and demand getting a little closer in ratio which in turn will drive up home prices. It is best to seek the council of your local trusted real estate agent and to get as much helpful information you can on making an educated decision. The one thing to keep in mind is that you may buy a home and see the prices in that area fall some more. But ask yourself, is that little bit of loss better than getting down the road and realizing that getting a loan is not an option anymore. Or get the chance down the road to save some money on that home you were thinking about but have to pay a high interest rate making your payment even higher than it would have been. The hole point with investment homes is to try and get one that is breaking even or putting money in your pocket as soon as you take possession of it.