Buyers - don't wait on falling prices!

If you have been contemplating home ownership but think you should wait just a little longer - think again!!!

• Waiting for the right time can be expensive. Some buyers would have more equity today, despite falling prices, if they had bought when they were first considering it, instead of continuing to pay rent.

• Financing is fickle. Some people who were highly qualified last year can't find financing this year because the credit market has tightened or their personal financial situation now makes them an undesirable borrower.

• Interest rates are headed up. If prices decline by another 10 percent, but interest rates increase by 1 percentage point, the monthly payment will be the same.

If you've found a house that is within your price range - make an offer! Sellers are more willing to neogiate than you might think. Don't be intimidated by the real estate market. Make sure you are working with a knowledable agent that has your best interest in mind.