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House Purchase Advice
#37
best thing is to buy when you're completely ready regardless of how good the market is. my colleague just bought a house off foreclosure and now needs to replace the roof, parts of the plumbing, and a few other things that tally over $20k in repairs (she was expecting $5k based on the initial inspections)....

regarding the purchase hassle, i've heard similar stories since people were waiting for the bottom of the market when they've been ready for months/years to buy due to the market. i've had a couple friends buy on short sale recently (closing within the last few months), but also a bunch that stopped looking due to the amount of time invested (no real estate agents), bidding wars, and stress involved.
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