Money Magazine) -- There's no telling how long the housing crisis will drag on. Here's what you need to know before you start shopping in a rocky market.
Rule 1: You can't time the bottom
Rule 2: One reason to buy now - mortgage rates
Rule 3: Another reason to buy - rates on big mortgages
Rule 4: Don't buy cheap; buy good schools
Rule5: Make sure your agent has your interest at heart
Home prices will fall 15 percent this year and by another 10 percent in 2009, Says Merrill Lynch.Still, nailing a deal isn't always easy.
For more detailed housing stories, please go to:www.smartmoney.com/tips
Tips:
1>Pick the best broker
2>How low an offer can you make
3>Test-Drive the 'Hood
4>After the bid is accepted
For mortgage related questions, please talk to me here or send me an email at:lihua_he8@yahoo.com, also you can call me at 612-5786752.
Sun-Star 空间

