When buying a home or making any big investment for that matter, a shrewd buyer will want to understand the long term value of the purchase they are making and compare this to the cash outlay over time. Smart investors will run the numbers to see what the return on their investment will be on any real estate purchase. So it would make sense that homeowners do the same thing. But how does a homebuyer or first time investor “run the numbers”?
RE/MAX makes that easy. If you are considering buying a home, visit the my webpage on the RE/MAX.com site by CLICKING HERE to check it out. Start by clicking one of my featured listings, the local property search from the tool bar or one of two featured searches at the bottom of the page. Set up a search and click on any listing in the Twin Cities. Off on the left side of the page there is a tool bar for each specific listing. Notice the calculator icon with Cash Flow Analysis at the bottom of the tool bar. Click that button.
It opens a new window for RE/MAX North Central’s cash flow analyzer for investors and homeowners. On the main page, basic equity and cash flow numbers are given but the reports can be personalized to your unique situation too. The analyzer assumes a 20% down payment and 30 year fixed rate loan but if you are putting down 3.5% for your first home in an FHA program, you can adjust the numbers for a better idea of your equity position in 5, 10 or 20 years. For investors, the rental competition is analyzed for the market as well as your potential monthly cash flow. This analysis can also be tweaked to better reflect your unique buying situation.
The RE/MAX cash flow analyzer is simple to use and gives essential information to any home buyer at the click of a mouse! Best of all, buyers can analyze any property currently listed on the Twin Cities MLS not just the RE/MAX featured listings. If you are considering buying a home, probably the single biggest investment you will ever make, you owe it to yourself to check it out!
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