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 53: Home Upgrade Trends
Ep 52: What Buyers Really Want
Ep 51: Mailbag: Purchasing Home Before Wedding Date, Selling Home Without Realtor
Ep 50: Downsizing Regrets
Ep 49: 2020 Headlines
Ep 48: In The News: Mortgage Debt Increasing Life Expectancy, Optimal AC Temperature, Top Closing Roadblocks
Ep 47: What Millennial Buyers Don't Want
Ep 46: Buying With Kids - Some Common Regrets
Ep 45: End Of Year Real Estate Headlines
Ep 44: Questions Buyers Should Be Asking
Ep 43: Mailbag: Narrowing Your Search, Selling High, Who To Hire First
Ep 42: Major Lighting Mistakes
Ep #41: Mailbag: Pricing Smaller Properties, Vacant Homes, And The Art Of The Lowball Offer
Ep #40: Things That Scare Buyers
Ep #39: Does This Actually Happen?
Ep #38: Horrifying Decorative Trends
Ep #37: Upgrades That Millennials Don't Want
Ep #36: In The News: Mortgage Debt Increasing Life Expectancy, Optimal AC Temperature, Top Closing Roadblocks
Ep #35: Closing Recap: Selling Home For Other Expenses
Ep #34: 10 Secrets To Fetch Top Dollar
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