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 #33: Mailbag: Narrowing Your Search, Selling High, Who To Hire First
Ep #32: Common Lighting Mistakes
Ep #31: Mailbag: Avoiding Bidding Wars, Interest Rates, "Build-To-Rent"
Ep #30: In The News: Mortgage Debt Increasing Life Expectancy, Optimal AC Temperature, Top Closing Roadblocks
Ep #29: Buyer Priorities
Ep #28: Ask Your Agent The Right Questions
Ep #27: Real Estate Mythbusting
Ep #26: Why So Stressful?
Ep #25: Young Buyers Redefining Luxury
Ep #24: Common Bargain Hunting Mistakes When Buying A Home
Ep #23: Features That Will Sell Your Home Faster
Ep #22: Real Estate Terms To Know
Ep #21: Learning From Past Mistakes
Ep #20: Foolishness That Makes You Lose The Home
Ep #19: Buying A "Flipped" Home
Ep #18: Real Estate Facts You Can Take To The Bank
Ep #17: The Home-Selling Checklist
Ep #16: Real Estate Pet Peeves
Ep #15: The "Hidden" Costs Of Buying And Selling
Ep #14: Important Real Estate Terms You Should Know
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
NABOR® TALKS
U.S Property Podcast
Aligned Money Show
The Ramsey Show
Planet Money