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A realtor will most likely say that now is a great time to buy, but it helps to have the same endorsement from an expert money manager, such as Dave Ramsey, who is also a national radio personality and bestselling author. 

When asked by a Florida couple if now was a good time to buy a house, here was Dave's response:

"Yes, I would definitely buy a house!  It doesn't mean that you have to have 20% down right now.  All that means is that you would have to pay private mortgage insurance.  You can avoid PMI if you get a VA loan (Veterans Administration) but you would still end up paying lots of extra fees.  My advice is to try to wait and save up the 20% down payment plus have enough for an emergency fund, usually from three to six months of expenses.

You can find some serious bargains out there if you will just do a little research.  I think Florida is one of the best places to invest in real estate right now.  The market is ridiculously low.  It's just crazy!  But I think the market is going to come back, and when it does, it's coming back with a vengeance.  When that happens, the people who own real estate in Florida are going to be very, very happy they do!!"

Need I say any more?  Get out there and look for the bargains . . . . they are everywhere.