I am in contract on real estate 2bed 2bath townhouse in florida broward county zip code 33322?

i am in contract on real estate 2bed 2bath townhouse in florida broward county zip code 33322. my question is that i think im getting a good price 2 years ago these unbits were selling for 225,000 i was able to get the unit for 175,000, im a little nervous about buying because i still feel that it will decline in price and i just want to make a good investment, i plan on owning it for many years to come, i figure even if it does come down anoth 25,000 over the next 2 years it still will be cheaper than renting , do you think 175,000 is a fair price , its in perfect condition and i love the area, i plane on putting down 50,000 and and payment is not going to be that high, should i buy or should wait , i have this person his yahoo name is dontbuy2007 sending me tons of info on not to but and he is making me think twice because of the stuff he has been posting and emailing me ,if i brought today for 175,000 that sold for 225,000 two years ago could ever decline to under 100,000 thank you

Maybe he got burned at sometime. I too received an e-mail from him when I encouraged you. I am attaching a link to the Miami Herald about rising costs of living in S Florida. Up seems to be the trend here.

Check out the Associations stats too!

I just noticed the guy who wants you to e-mail him for his thoughts-guess I'm too friendly here. Should I be getting you to commit?!!

its fair but you should be asking for seller concessions of 6% with the offer! this can pay your closing costs and if you have a good lender several other options can swing in your favor.
if you plan on staing in your condo for over 5 years your still ahead of people a year ago so be happy with that. Im sure those who bought a year ago wish they waited till now!
I would not worrie if you plan to stay in the unit for a while your already ahead!

here is my pick for best direct lender they are in your state of florida! they gave me the best deal! they can get you a pencil search and tell you what the surrounding units have sold for recently.

http://www.directlendingplanet.com

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Florida Real Estate Market Report http://news.ufl.edu/2006/12/05/real-esta...
Base your decision on what the experts and your licensed professionals suggest you consider and your gut.
Best of luck to you watch out for hanging chads

Your house isn't going to decline to 100k - that's just paranoia talking.
The house is worth what you pay for it. Don't try to low ball your offer or wait for the prices to come down, because you'll be creating the downward spiral.
All markets, including the housing market have declines, it's a part of life - but that doesn't mean the market will ALWAYS decline, so buy now and be happy.
Even if your house never increases in value, you're still making money versus renting. Lots of plaecs have calculators that would show you just how much money you'll make. I think bankrate has a good one - check it out.
Did you not get the answer you were looking for the LAST TIME you posted this same question? Just freaking buy the house already. Why would you be asking a bunch of random people on Y/A about this??

Since the RE crash in Florida properties that were selling for $600K two years ago are lucky they can get anyone around to look at them nowadays. I got lucky I sold my condo two years ago for $150K, then right after they flooded the market with condos. I'm sure that it's not worth what they paid for it two years ago, hence why you are getting a Townhome for $175K and not $225K.

I'm sure in the next ten years the market might make a turn around and over time you'll build up equity in your property. My father held on to his condo for over 20 years before it showed a rapid rise in equity (since I was the owner upon sale, I did really well).

Sunrise isn't a bad place, it is built up quite nicely with the Sawgrass Mall not too far away. However, I always found that area to be heavily populated with elderly people buying up winter homes. Over time it will decline, I doubt it will drop below $100K but it will dip then slowly make it's way up again. When I owned my condo they were selling for $58K and over time they started to make their way up again and then had the sudden rise in property values.

If you plan on holding on to it for a considerable amount of time then it should come back again and hopefully you will make a profit on your townhouse, if you were planning on selling in a couple of years then no you wont' make a profit you'll end up selling for what you paid for it.

Good luck