In many areas around the country, the housing market now favors sellers much more than buyers.  As buyers re-enter the real estate market again, they are outnumber sellers giving sellers more control of the housing market.  Buyers must now do their homework and be prepared to deal with competing bids and sellers who are not as motivated for a quick sale as they were this time last year.  Cleaning up any credit problems and obtaining pre-approval from a mortgage lender can help buyers who find themselves competing with other buyers for the same house.

For more tips on how to find a house in a seller’s market read, “How to Compete in a Seller’s Housing Market.”