Home >> Stock Forums >> Surviving in a sluggish real estate market

Surviving in a sluggish real estate market

lil dickie said: "How to stay alive in a [url=http://fsbo.fizber.com/2007/08/28/how-to-survive-on-a-sluggish-real-estate-market/]sluggish real estate[/url] market. [quote] Shop for a mortgage, then the house. Don’t settle for being pre-qualified - get pre-approval for a certain amount of money. Knowing exactly how much you can spend will give you leverage in negotiations with the seller. However, these days, it’s not uncommon for mortgage commitments to last only a week, as opposed to the old standard of up to three months. Stay in touch with your lender to keep yours updated. Gauge home prices in your area by going to open houses of homes similar to the one you’re eyeing. Then, get three competitive brokers to give you an estimate of what the home is worth. These steps will help you make a smart offer.[/quote] What other tips can you think of?"

newinvestor123 said: "Rent? ....."

FirefighterB said: "Keep searching for deals. What's that saying? "When there's blood in the streets, buy property." It's not like it won't go up again if you're buying in the right area."