I would never expect a buyer or seller to do something I wouldn't do. It is a confusing market right now. It has been a Buyer's Market for some time and prices continue to plummet in most areas. This makes it difficult for buyers to make a decision to buy now or hold out until the real estate market hits bottom.
How do you know when we've reached the bottom?
I've been selling real estate since 1983 and I don't know when that elusive bottom will occur. Some say the 4th quarter of 2008 will show recovery but that's a slow time in the Chicago area real estate market even in a good year. So that doesn't ring true to me.
Many others feel that after the election people will start to feel more comfortable and the market will slowly start its…