Know Your Budget When Buying a Home

Reblogger Will Nesbitt
Real Estate Agent with Nesbitt Realty at Condo Alexandria 0225-089134

Know your budget when buying a home is a pertinent Active Rain published post that is relevant to the Real Estate industry. Scroll down to see the entire blog.

Original content by Cara Marcelle Mancuso BR564219000

I just read a great little blog posting by @CoreyMartin and got to reflecting on his first point.  http://activerain.com/blogsview/5016720/6-things-to-look-for-when-buying-a-home

He wrote:  1- Know your budget. It is important that you buy a home at a price that you’re comfortable with.

know your budget when looking for homes to buy in Tucson AZ

I can't tell you how many times I've had that discussion with my buyer clients.  PLEASE PLEASE PLEASE know what payment you will be comfortable with...not how much the lender says you can afford.  Most of us want a life outside of our mortgage payments!

know your budget when looking for homes to buy in Tucson AZ

CONTRARY to what the "internet says", your average REALTOR does not want to earn a higher commission by you buying a home outside of your budget.  $25,000 to you might equate to a payment of $50 more a month;  $25,000 to my commission may amount to $750 -- hardly enough to chance a client having buyer's remorse down the road for being "sold" on a higher-priced home.

My concerns, are YOUR concerns.  Ultimately, what you - my buyer client - decides upon for critical criteria - becomes MY critical criteria.

know your budget when looking for homes to buy in Tucson AZ

I hope you become my clients for life, not for one transaction.

Buying a home -- meet with a mortgage professional FIRST to know your budget, and your financial priorities.  Need recommendations?  I've got those!

know your budget when looking for homes to buy in Tucson AZ

 

If I can assist you in your home buying or selling in Marana, Tucson, Oro Valley, or Vail, please don't hesitate to call me!  Email at swdeserthomes@aol.com

Cara Marcelle Mancuso, Long Realty,

520-909-2988   

Regarding the material posted in my blog postings, these are my personal opinions and not those of Long Realty Company. 

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Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.

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Rainmaker
1,021,864
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

That is why the preapproval letter is important. In this market only the strongest buyer gets the homes as they have to overbid to get the attention of sellers. Way too many offers.

Mar 03, 2017 07:35 AM #1
Rainmaker
3,983,315
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

This is the reason you go to the bank and get a pre-approval before you start shopping

Mar 03, 2017 07:40 AM #2
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