Mastering the New Real-Estate Rules

The housing market is starting to heat up, with a relatively low supply of homes for sale feeding the frenzy. Now could be a good time to buy, but a sizzling market also presents some challenges — such as bidding wars for properties. First-time buyers and those eager to move up in this evolving market should have a nice chunk of cash for a down payment. Potential buyers also will be more attractive if they already have been qualified for a loan. They should work with a real estate agent who knows the neighborhood well and knows about homes that are about to come on the market for sale but are not yet in the database. Also, potential buyers should forgo low initial bids and instead make their best offers. | Read More