5 New Rules for Home Buyers Surviving and thriving in the real estate market these days means following a whole new set of rules


	5 New Rules for Home Buyers Surviving and thriving in the real estate market these days means following a whole new set of rules. Here are five imperatives for those who want to master the home-buying game. 1. Banks and lender holders will not accept offers less than 12% below *full market value, as a general rule, even if the home is foreclosure eminent.* 1. Gaming the market doesn’t work. There's a chance that the home you buy today will be worth MORE next year. So instead of trying to time the market, get the best bargain on a home you really love. 2. Jumbos are a big bargain. A new law allows Freddie Mac and Fannie Mae to buy mortgages as big as $729,750. 3. Good schools count. Neighborhoods with highly rated schools are holding their value better than most. 4. Honesty is the best policy. Be upfront about your situation letting all information to all parties involved.