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Four Rules Buyers By Amy Fooladi Surviving and thriving in the real estate market these days means following a whole new set of rules: 1. Gaming the market doesn't work. There's a chance that the home you buy today will be worth less next year. So instead of trying to time the market, drive a hard bargain for a home you really love. 2. Real winners get the lowest mortgage rate. Financing is getting more expensive. Celia Chen of Moody's Economy.com predicts rates will hit 7 percent in mid 2009. 3. Jumbos are a big bargain. A new law temporarily allows Freddie Mac and Fannie Mae to buy mortgages as big as $729,750, which is keeping the jumbo rates down. The deal disappears at year-end. 4. Good schools count. Neighborhoods with highly rated schools are holding their value better than most, according to a recent study by real estate site Trulia.com. There are several complexities in real estate. Knowing current laws, contracts and the intricacies of closing the transaction. Contact me if I can be of any assistance.

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Contributed by amyleesellsproperty on December 13, 2008, at 9:40 AM UTC.

PLEASE VISIT THE CONTRIBUTOR'S WEBSITE

Amy Lee Fooladi Real Estate Realtor specializing selling homes. www.amyleesellsproperty.com

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