1. One group of real estate investment experts argues that you shouldn’t buy in 2010 at all because of several crusial investment factors. They argue that the low interest rates are the major factor. The lowest real estate prices should coinside with the highest interest reates not the lowest. If you buy a home with a mortgage today and the interest rates will eventually go up the home prices will go down again.

Another reason to wait on investing into real estate is recent yields. The best time to invest is when the real estate prices are down and the yields are high, so some experts’ advice is to wait until 2011 when the real estate market will free itself from extremes.

2. Second group of real estate experts argue that US home prices will definitely bottom out in March and that will be the best time to buy compared to December 2009 and the following winter months.

3. There is an opinion that the recent crisis will have -W- shape instead of -V- shape, i.e. there will be a moderate rise and then another fall before the world economy stabilizes and real estate will steadily go up for some extended time. So the advice is to wait again.

Here is what I think. You don’t have to think globally if you buy real estate. Check out what’s going on locally, because too many factors are important and come into play according to a specific situation. Major contributing factors are:

1. Mortgage and mortgage rates

2. Specific location and even specific community

3. Single Family Home, Estate, Waterfront home or Condo

4. Real local sales figures and demand

5. What homes/condos go into foreclosure

6. Your price range

Naples Florida is a good example. A number of my clients learned the hard way that waiting 3-4 months in recent situation within a certain price range will only make you pay more or look longer if you want a newer home or condo under $300,000 which seems to be the market today. More expensive homes sell way slower and foreclosures and short sales a much fewer in middle and upper price ranges, so a possibility to snatch a great deal depends on your quick reaction and your competition.