Hi, i live on San Francisco and we are trying to find a house around Oakland or Richmond, but we have a lot of people going on different direction, our realtor of course said the better than now we are not going to have it; but we have heard that a lot of people have been disposes of their houses for the high payments etc, and persons near to us they want us to buy a house now to fix a little but sale it later, im confused.

If you are financially secure...right now is a great time to buy a home...it is a buyers market. BUT....make sure that you are being realistic about what you can afford, otherwise you will be in the hard spot of trying to sell a home that you can not afford...but still have to make payments on...and for the exact same reason it is a good time to buy a home...it is a horrible time to attempt to sell one. Best of luck!

you have to look into your own situation, are you ready to buy a house. Especially in San fran , although the market has gone down your area has not gone down that much. If you have the $$$ you should find the worst house on the block and buy it, fix it up and in a few years(5) cash out. It will seem scary and crazy but dont worry if you are careful about your investment and dont go over board on the upgrades than you will be ok.

Godged has the right idea
INVENTORY is high but it is due to the high number of foreclosures throughout the country,

you can also get a good deal on foreclosed property...you put in a bid on the steps of the courthouse..high bidder wins!

you can get this list from your county tax accessor / banks / local financial institutions / and RealtyTrac.com

good luck

I'm confused, too. The way you wrote your question doesn't make much sense. Sorry

It is a great time to buy a house. There is alot of inventory, it is a buyer's market, and interest rates are favorable.

Alot of people got themselves in trouble by getting into mortgages they couldn't afford. They got qualified by unscrupulous lenders for an adjustable rate mortgage, which started with very low interest rates, so they could afford the big house. When the interest rates adjusted higher, the mortgage amounts went up. The RE market was not seeing the increases it had, so the homes could not be refinanced to get a more reasonable rate. So, those homeowners are now facing foreclosure.

Hope that helps!

Right now I don't believe it's a buyer or sellers market. The market value it way too high. Some realtor's may argue that point, but if you're doing all right where you are, I would wait a while longer and see if something comes your way.

Good Luck!

Right now is a buyers market. I expect that it will be at least another before there any signs of that turning around. Right now you should be able to get a good/great deal. You can probably get people to pay part or most of the closing costs. Market value will probably keep going down for awhile. You might be able to make a better deal in six months, but that is a gamble, will you find the right house at the right price. I would try to buy it when I found it.

Fixing it up and selling it after the market sounds like a good plan to me.pp