A lot of time I find that there are questions we may have however we don’t want to ask the question or we don’t know the right questions to ask. Always remember that you can always ask me anything :).
How Much Home Can I Afford?
That depends, of course: on your income and other financial obligations; The best way to find that out is to ask me about a good lender that can review that with you. And do this step before you start shopping, “If you see houses you love outside your price range, it opens you up to disappointment,” Meet with a lender to get pre-approved for a home loan. (added bonus: pre-approval makes you much more attractive to sellers).
Can I Buy A Home And Sell My Current One At The Same Time?
Yes, you can: but it’s the real estate equivalent of walking a tightrope. On the one hand, if you buy a home before you sell the one you’re in, you’re overextended financially, if you before you buy, you might need to rent awhile before finding a new place. But there are ways to do both at once, and one option is to instate a “sale contingency” ask me about this option and what else we can do.
How Much Do I Need For Earnest Money?
That can range from $500, $1000, to 1% of the sales price. The earnest money deposit is an important part of the home buying process. It tells the seller you’re a committed buyer, and it helps fund your down payment.