We are answering some of your questions on today’s show about buying and selling your home. In this market is a 20% down payment enough? Definitely! While it may be harder to win certain bids 20% is usually more than enough.
Mary wrote in that her loan approval was for $700,000 and with all the houses selling above asking value she is wondering if she should look at houses more in the $600,000 range to leave some wiggle room? It might be smart to look a little below your maximum budget, but it’s going to depend on your lender and a few other factors. Join us today as we explore these questions and more on rent-back situations and selling privately.
Key Points:
0:30 – Should we be leaving wiggle room on the houses we are looking at?
2:46 – Is a 20% down payment enough in this market?
4:03 – Can I rent back my home to a buyer and when do I negotiate this?
7:28 – Would we miss out on selling privately?
Learn more: https://www.bensonbrokergroup.com/blog
Ep 93: Real Estate Issues and Trends in 2021 and 2022
Ep 92: Mailbag - Personal Letters, Pending Sales, and More
Ep 91: Top 7 Homebuying Mistakes of 2021
Ep 90: Recent Headlines – Crowdfunding, Affordable Listings, & Long Searches
Ep 89: Negotiable Parts of the Buying Process
Ep 88: Answering Your Real Estate Questions
Ep 87: Examining First Quarter Headlines - Sales, Buyer Confidence, and a Bubble?
Ep 86: 3 Closing Recap Stories
Ep 85: Mailbag Questions About the Home Buying Process
Ep 84: Mailbag - What Happens When Appraisal Doesn’t Match Price?
Ep 83: Popular Home Upgrades & More National Trends
Ep 82: Seller Inspections, Mortgage Rates, & Other Headlines
Ep 81: Reacting to Recent Real Estate Headlines
Ep 80: How to Increase Your Home’s Value
Ep 79: The Value of a Realtor
Ep 78: Real Estate Realities of 2021
Ep 77: Smart Home Technology Upgrades + Other Mailbag Questions
Ep 76: Should I Wait Until Spring to Sell? + Other Mailbag Questions
Ep 75: Renovations, Open Houses, Budgets & Other Mailbag Questions
Ep 74: Questions to Ask a Real Estate Agent, Part 2
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