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first: Determining Your Price Limit When Buying
- 07/09/09 05:03 AM
When acting as a Buyers agent, I try to impress upon my clients the importance of being pre-qualified for a mortgage. Imagine falling in love with your perfect home after searching for weeks, or even months, only to find out that you do not financially qualify to purchase it.
First, determine the costs associated with buying a home, including (but not limited to) legal fees, home inspections, deed transfer tax, fuel adjustments, etc. These costs are generally about 3-5% of the purchase price of the home (for a more detailed list of closing costs, please see my blog "Closing Cost Guidelines for Buyers"). … (1 comments)
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When acting as a Buyers agent, I try to impress upon my clients the importance of being pre-qualified for a mortgage. Imagine falling in love with your perfect home after searching for weeks, or even months, only to find out that you do not financially qualify to purchase it.
;)
;)
