Real Estate Expert to Spring Home Buyers: Jump in Now

With the spring home buying season upon us, waiting for the market to bottom will cost you. So says Michael Corbett, host of the syndicated TV show Extra's Mansions and Millionaires franchise and author of the recently published Before You Buy! The Homebuyer's Handbook for Today's Market.

AOL Real Estate chatted with Corbett, along with Coldwell Banker CEO Jim Gillespie, who wrote the foreword to the book, about what homebuyers can expect in today's drastically different housing market, and how to avoid the kind of sales that lured homeowners into the last boom and bust housing trap.

After the jump, find out what type of property both experts agree is more trouble than it's worth for the average buyer.