[Wilburs-Place]

I am the owner of a real estate brokerage and property management company operating in the state of Virginia. I strongly agree with your thoughts. Just a little insight based on decades of experience: typically the fall/winter is the best time to purchase residential real estate/land. Owners who have had their property listed for an extended period of time are more open to negotiations at the end of the year. That being said, in this current economy, unless you are prepared to negotiate with a low cash offer, NOW IS NOT THE TIME TO BUY! For all other buyer prospects that require financing, hold tight! The market is making a turn. The housing market will crash. It will be in your best interest to hold the line where you are until the prices bottom out. While you wait, sell everything you possibly can! Get out of debt! Cut your cable and other subscription services. Adopt a minimalist lifestyle and Bank some cash. Be ready to capitalize on the extraordinary foreclosure market that is on the way! Spend your time preparing now. It will be well worth it.