Historically, real estate agents have worked for the seller–both the listing agent and the selling agent. The seller has paid the commission and, by law, the agent’s loyalty and responsibility have been to the seller. But that has changed. Today most buyers are choosing to have their own agent to represent them in the transaction. [...]

How do you select a real estate agent? With so many to choose from, it shouldn’t be difficult to find one to help you in the purchase of your home. However, if you end up working with someone you don’t like, a happy experience can become a hassle. Ask friends and co-workers for recommendations. Attend [...]

Last week we talked about how lenders qualify you to determine how much you can spend for your house payment. Once you know that amount, the next step is to find out how much mortgage that amount will support. That payment needs to cover principal, interest, real estate taxes, and howeowners’ insurance–known as PITI. In [...]

How much house can you buy? That depends. There are many different loans available today–fixed rate loans, adjustable-rate loans, and balloon loans. There are conventional loans, government loans–and special programs for first-time buyers. Most lenders will allow you to borrow up to 28% of your gross income for your house payment, but not more than [...]

You want to buy a house? You’re tired of paying rent and you need a tax deduction, you’re getting married, having a baby, getting divorced–whatever your reasons, you have saved for a down payment and you want to buy a house. The first step is to find out how much house you can afford. If [...]