What are the most critical things you’re looking for in an

Home Ownership is attainable

GENERALLY, THE HOME PRICE YOU CAN AFFORD WILL DEPEND ON SIX FACTOR:

1. Your income. 2. Your available assets for the down payment, closing costs, and any cash reserves required by the lender. 3. Your outstanding debts. 4. Your credit history. 5. The type of mortgage you select. 6. Current interest rates.

Your buyer-broker can provide you with a list of the best lenders in the business who can help determine your purchasing power by analyzing your financial strength. Before you begin searching for the home of your dreams, this analysis and your loan preapproval will help you focus your house hunting efforts.

A REALTOR® should provide you with a Buyer’s Net Sheet, which will include down payment money, title search, recording fees, etc. This should give you a good idea of your money outlay. Each home purchase/sale is different.

So...who pays the REALTOR® fees?

Normally the seller pays the REALTOR®’s fees associated with selling the home. The seller pays the REALTOR®’s brokerage and the brokerage distributes the earned commission to all the parties involved, which generally includes the buyer’s agent.