Advice to sellers: If a buyer wants to make you an acceptable offer, try to close as fast as possible. This new credit crunch may change the rules on your buyer midstream, as it has already done to thousands of would be buyers. I am not saying to panic, or but if you can close the deal in 30 days, just do it.
If you are a seller on the market now, be prepared to settle in 30 days to avoid having the financing rug pulled out from under your buyer. Make sure to have your municipal inspections done where possible, be de-cluttered and partially boxed to move, and if you are really proactive, have a pre-listing home inspection done buy a legitimate home inspection company.
With many different mortgage programs being yanked off the market, make sure to answer the door as opportunity knocks.