Buyer's Market -- but Homebuyers Beware?

It's a buyer's market, according to the National Association of Exclusive Buyer Agents, but sellers who have used their homes like ATM machines are going to be tough to negotiate with, particularly on price.Sellers who are overextended need to sell their properties at the highest possible price to pay off their bills, said NAEBA president Tom Early. "Buyers need to make sure they are just buying the seller's house, not the seller's debts too," he warned. Mr. Early noted that buyers' agents are obligated to negotiate the price down to a realistic level, whereas a seller's agent is obligated to get the seller's price even if it is too high.

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