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 73: Questions to Ask a Real Estate Agent, Part 1
Ep 72: 6 Clever Real Estate Tactics
Ep 71: Step-by-Step Process for Selling Your Home
Ep 70: Best Pieces of Real Estate Advice
Ep 69: How Sellers Should Prepare for Home Inspections
Ep 68: The Importance of Social Media When Selling a Home
Ep 67: Top Recent Real Estate Searches + Other Headlines
Ep 66: Emerging Behaviors During Pandemic
Ep 65: Reacting to the Latest Real Estate Headlines
Ep 64: Reasons Why Your Home Might Not Be Selling
Ep 63: Real Estate Fact or Fiction
Ep 62: The Latest Real Estate Trends and Data
Ep 61: Back to the Basics – The Homebuyer Dictionary
Ep 60: Answering the Top Coronavirus Real Estate Questions
Ep 59: A Homebuying Guide to the Salem Real Estate Market
Ep 58: How Home Buying Process Has Changed During Coronavirus Crisis
Ep 57: Is the Coronavirus Impacting Real Estate?
Ep 56: Real Estate Trends for 2020 and the Decade Ahead
Ep 55: Top Real Estate Fears for Buyers & Sellers
Ep 54: Important Real Estate Terms
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