New Developments in the Home Buying Process New Developments in the Home Buying Process by Frances B. Smith For most consumers, buying a home represents the largest financial decision a person or coupleever makes.
Home ownership is something many consumers look forward to as a symbol ofsuccess.
But home buying is also one of the most complex and confusing processes a consumerever faces. Some new joint ventures and technological developments promise to streamline the home buyingprocess by making information more easily accessible and putting the consumer in the driver's seat. The custom had been that the real estate agent representing the seller also represented the buyer. That approach may tilt negotiations toward the seller. That can mean using information about the eagerness of a buyer to purchase a certain house or about the financial resources of the buyer that could skewthe price upward.