Cooling real estate markets give buyers an edge

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Summer is the second-busiest time of the year for house and condo sales. In most communities, the home sales market is as hot as the summer heat. The recent rise in home mortgage interest rates seems to have motivated prospective home buyers to purchase before interest rates go higher. But it's still a great time to buy. Home mortgage interest rates have only increased about 1 percent from their record low last March. Purchase Bob Bruss reports online. However, some local markets are "cooling," as more home inventory comes on the market from sellers who want to get top dollar while the "getting" is still good. With increased home inventory, buyers can now afford to be more discriminating and negotiate harder. To help buyers, here are the toughest questions most home sellers (and their realty agents) hope you don't ask: 1–WHY ARE YOU SELLING THIS LOVELY HOME? As a longtime buyer for more than 35 years of rental houses, I love to ask this question. However, if the house is a...