"The reality is you want to be very aggressive in trying to find the deals out there and not wasting your time with sellers that are not willing to compromise," he says. "You can find deals in this market."
For sellers, Baris agrees, price is the key. He points out that most homes selling are still within 3 percent of their list value, despite the anecdotal appearance that homes are selling far below asking numbers.
"The smartest thing a seller can do right now is get a very accurate evaluation of what the true current market value is and price it right there," Baris says. "I have scores of examples when properties are priced right in this market, the properties sell like a shot. The sellers that want to test the market do not have a great experience."
As for the longer term, opinions differ on which way the market will head.
Baris worries that the next president will be more tempted to boost taxes, meaning more trouble possible for real estate.
But Denise Evans, who has authored several real estate books and teaches on the industry at the University of Alabama, thinks the election will signal better days for housing.
"I think this is probably the best time to buy," Evans says. "With this amount of talent focused on the issue and the public focused on the issue and the clamor for the elected officials to be held accountable for their actions, I think you're going to see the market go up soon. If you don't buy now, you're going to be buying after the market picks up."