Category | Home Buying

The Secret to Understanding Your Local Housing Market

A real estate agent in my area has been running a TV commercial telling prospective buyers that just because other parts of the country are having housing market problems not to worry about. “You wouldn’t want a weather report for the whole country,” this agent announces, “So why do you listen to national real estate [...]

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The Dangers of Buying a Flipped House

Even with the rough spots in the housing markets these days, ‘flippers’ are still buying houses. These folks buy houses in poor condition, fix them up and sell them at a profit. Home buyers often like them because flippers need to sell their houses as fast as possible to avoid paying more than a month [...]

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The One-Third Rule For Housing

There’s a fairly fixed amount you should pay on housing, whether you buy a house, rent an apartment or otherwise obtain shelter. Most personal finance experts will tell you that you will wind up spending one-third of your income on housing.
As a general rule, one-third of your income is a good number to use when [...]

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Can You Avoid A 6% Real Estate Commission?

When you sell a house, an office building or any other type of real estate, you usually wind up handing
over 6 percent of the final price to real estate agents. That money is divided between the buying and selling agents. If you’re buying property, you don’t officially have to pay either agent, but that commission [...]

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Homebuying Newbies

Are you a homebuying newbie? Check out these tips on how to start down the road towards buying your first home.

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4 Ways to Think Outside the Homeowner’s Box

We face enormous societal pressure for buying a house: it seems to be the major goal for just about every family. And those houses that we’re supposed to buy seem to all look pretty similar: a single family home with a nice back yard in the right neighborhood and with the right appliances. But [...]

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