5 factors to weigh before writing purchase offer

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

Interest rates are bouncing around record lows. Home prices are down in most areas. Many buyers who have been waiting for a good time to buy want to move forward. But there is still uncertainty in the housing market. Nationally, the housing market appears to be stabilizing, although home prices were down 2.5 percent in 2011, according to the National Association of Realtors. The recovery is expected to be rocky and could take years. Prices might decline before they reach a plateau. This should be factored into your decision to buy. This is not to say that the price you pay should have future possible price declines built into it. Most of today's sellers have difficulty selling at current market value. It's unlikely they'll compensate you for a potential event that might not happen. But you need to know that you aren't paying too much. The more information you have about the housing market in the area where you want to buy, the better. The health of the housing market does...