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Consumer Reports Tells How to Make the Housing Market Work for You; Owners 20 Tips for Saving Thousands of Dollars; Buyers Beware of Hidden Mortgage Costs; Sellers How to Cut Commissions in Half or More.
(From AScribe)
YONKERS, N.Y. -- Whether consumers are in the market for a new home, already own one, or are considering selling, the May issue of Consumer Reports offers advice about the big changes in the housing market.
The report, "How to Protect Your Biggest Investment," found that as housing prices are leveling off in some areas, now may be a good time for those families considering downsizing to sell. Other factors that consumers should consider are:
- Mortgage brokers, who now originate more mortgages than banks, may boost your rate to collect a bigger commission.
- Variable-rate home loans can be bad deals, now that short-term interest rates are rising.
- For-sale-by-owner real-estate Web sites have the potential to save you money if you don't mind a lot of work.
Buyers' Dilemmas
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