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What to Consider when Making an Offer on a Home

By
Real Estate Agent with Fusion Real Estate Network, Inc. CalBRE#01803153

Today's market is filled with inventories of Homes for Sale.  There are a lot of first-time buyers ready to take the plunge as a "homeowner".  When you do find that special place you want to call "home", consider these before making an offer...

home sweet home

 

 

Today's market is filled with homes for sale.  There are a lot of first-time buyers ready to take the plunge as a "homeowner".  When you do find that special place you want to call "home", consider these before making an offer...

 

First, determine how much home you can afford.  In general, you can afford a home equal in price to three times your gross annual income.  But to be precise - the price of a home you can afford to pay is dependent on six important 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 a pre-qualified or even pre-approved with your lender for a home loan. The pre-qualification and pre-approval letters will let you know how much home you can buy, and makes YOU a credible buyer.

 

Welcome Home

"I'm here to help!" 

Tina Farinas

REALTOR® 

Reliant Realty

(916) 208-5718 Cell

(916) 248-8078 Office

(916) 564-5856 Office Fax

(916) 783-1181 Home Fax

 

Website: http://www.tinafarinas.com/

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