Real Estate Corner For May What Things Should I Consider Before Making An Offer On A Home

Real Estate Corner For May What Things Should I Consider Before Making An Offer On A Home

Real Estate Corner…

Q.  What Things Should I Consider Before Making An Offer On A Home?    

A.  Even before starting to look at homes, find out what price home you can afford.  In general, you can afford to buy a home equal in price to three times your gross annual income.  More precisely, however, the price you can afford to pay for a home will depend on six factors: 

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

The process of buying a home is much easier if you start out by getting  approved with your lender for a home loan.  This amount will let you know how much home you can buy, and makes you a more credible buyer.

Are you looking for a real estate professional to assist you in purchasing that new home. condominium, townhouse  or villas. I would enjoy speaking with you. Call Rochelle Loper with Exit Realty Premier. In Northern Broward County 954-655-0726 & Southern Palm Beach 561-501-6248.




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Phone: 561-951-3759
Dated: May 1st 2016
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