If you are in the market for a house, and you have good credit, the time has NEVER been better! Mortgage rates are still near their low, but indications are that they will probably begin edging upward in the forseeable future! Prices have dropped in almost all marketplaces, and most would describe conditions today as a "BUYER's MARKET!" Most sellers are more flexible than they have been recently!
My recommendation - - - serious buyers should hire a "buyer's agent," who will represent them and work for them! A good "buyer's agent" should be able to negotiate in the buyer's behalf, and get the best possible situation for them! Buyer's should also consider having an energy audit of some sort, so that they know their true costs. Any appliances that are replaced should be replaced with Energy Star appliances, etc.
Go to my website at: www.portwashingtonlongislandhouses.com, and look at the links to Energy Audits, Green Blogs, Ecobroker, and other housing related green sites. Also look at my link to Real Estate Cyberspace Society, to see all the ways that the internet can be helpful to both buyers and sellers.