I'm looking to purchase a house in Woodland, California somewhere around $300,000 to $350,000.
Is it good time to buy it right now? will this investment be worth it?
I understand that interest rates are high and people are having a harder time selling houses than buying, which means the prices of these houses will be relatively low (for buyers) although there is somewhat of an inflation in house values.
Some statistics about Woodland, CA:
Date of Incorporation: 1871
Population: 52,519
Area: 14.5 Square miles
Average Elevation: 61 feet
Average Rainfall: 19 inches
Average max. temp (July): 96 degrees Fahrenheit
Average min. temp. (January): 36 degrees Fahrenheit
Thanks in advance!! You should be fine, especially if you plan on owning more than 3 years. It also looks like the home prices increased 24% since last year and the employment growth is also positive:
http://www.bestplaces.net/city/Woodland_...
Regards dude---toooo much inf--i live in CA....certainly well aware of how wonderful it is.
yes what you say about interest rates are true...but also be aware that people have their homes on the market because they are either in foreclosure or close to it.
try to make a lower offer...since property values are dropping also.
good luck (from San Diego) :) Do your homework, meaning get comparables within a mile of the house your thinking of buying. Call the For Sale by Owners as well and get that information. Also you can find online, in public records, the assessed value of the property so you can make an offer that is more suitable to the market than what the emotional value is to the homeowner.
If your buying the house to live in is one reason but if you are contemplating buying it strictly as an investment and doing a little bit of work and flipping than you might want to wait and see where the market is headed. | 