If you’ve been following me for a while, you know that you don’t need 20% down to buy a home.
But in most cases, you do still need to put some money down. That might leave you wondering how much you need to have saved. Your down payment is usually calculated as a percentage of the purchase price of a home. As a result, the cheaper the home, the less money you’ll need to put down to purchase it. This handy guide shows you how much you need to have as a down payment for differently priced properties. Remember: the more you put down, the less you’ll pay in interest over the life of your loan since your down payment goes towards the principal. Deciding how much to put down when you buy a home is a personal choice, but your real estate agent and lender can help you make the right decision. . . . #realestate101 #westslopebestslope
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Want to buy a home in 2023? Check these goals off the list, and you’ll be well on your way to real estate success!
Completing these tasks will set you up for the best possible outcome when you buy a home. By doing a lot of the thinking and legwork before you start working with an agent, you’ll fast-track your buying experience. . . . #coldwelldistinctiveproperties #grandjunction Winter gets a bad rap in real estate, but it can actually be a great time to sell.
There are still buyers out there looking to buy a home during the winter months, so you just need to get your home ready for them! Snag these secret real estate agent tricks to get your home sold for top dollar, even in the winter. The key is to make your home feel winter-ready by making it warm, cozy, and bright! Want some help getting your home sold this winter? Send me a DM and I’ll show you how I can help you get it sold! . . . #iloverealestate #westslopebestslope Every year is a great year to be a homeowner!
Owning real estate is one of the safest and most successful investments you can make. Not only is your money growing, but you also cover your housing costs, which makes owning a home a double-whammy. Your real estate investment generally appreciates 3.5-3.8% each year, but if you buy low and sell high, you can blow your return on investment out of the water! For example, home prices are expected to rise 18.2% over the next five years. If you buy now while the market is lower, you’ll make a great profit on your investment when you sell down the line. . . . #realestate101 #coldwelldistinctiveproperties Stay FAR away from these 3 things if you’re planning to buy a home soon!
If you do any of these things, you hurt your chances of getting approved for a mortgage and getting a good interest rate. These things are red flags for lenders, who see unstable income, lots of spending, and closed or opened lines of credits as a risk. If you want to buy a home, you need to pay close attention to your finances and all of the factors that can impact them and your credit score. . . . #grandjunction #westslopebestslope It’s 2023: a new year, and a very good year to be a home buyer! If you were one of the many buyers who had a hard time buying in 2020-2022, or if you just heard the horror stories, then I’m happy to tell you that things have changed! Gone are the days of getting outbid in seconds or waiving your inspection in hopes of getting selected by the seller. Now, buyers have more options and less competition, making it so much easier to find and buy a home that you’ll LOVE! Want to see how much better it is to be a buyer in 2023? Then send me a DM and let’s get started! . . . #westslopebestslope #coldwelldistinctiveproperties If you’re going to sell your house, you have to get into the mindset of a seller.
That means that you need to realize that there are some things you can control… and there are some things that you can’t. As a seller, it’s your job to focus on what you have control over. You don’t have any say in the market or what’s going on with interest rates. But you can control the price you list your home for, how you treat potential buyers, and who you hire as your agent. With a great real estate agent supporting you, you’ll be able to sell your home successfully and make a sweet profit this year! . . . #iloverealestate Interest rates should NOT stop you from buying a home in 2023.
In fact, if you want to buy a home, you need to look past interest rates. The longer you wait to buy a home, the longer you miss out on building equity and appreciation in your property. Even though interest rates are high now, they will go down and you can refinance down the line. But you can’t go back in time and build appreciation. To use a cliche, don’t lose the forest for the trees when it comes to real estate. Instead, play the long game and pay attention to how your property is an investment for you. Want to talk more about interest rates and why it’s a good time to buy a home? Send me a DM and I’ll get you the info you need. . . . #coldwelldistinctiveproperties #grandjunction A big Congratulations to our sellers!
What an interesting market. I am very lucky to be working with sellers with great patience! #coldwelldistinctiveproperties #westslopebestslope #grandjunction Selling a home is a bit of an emotional rollercoaster.
Depending on the day, you might feel on top of the world and the next feel super disappointed. It’s hard to part with a place that you lived in because it’s a part of you. Even if you’re looking forward to moving on to a new house, selling your home can bring up those emotions. That’s one of the reasons why it’s so important to work with a real estate agent to sell your home. They know exactly what to expect and will help you through those emotions so you don’t make decisions that you’ll regret later on. With a real estate agent on your side, you can be confident that you’ll make decisions from a place of logic, not of emotion. Want to see how I can help you sell your home? Just send me a DM and let’s chat! . . . #iloverealestate #westslopebestslope #grandjunction |
AuthorKauai Alpha Fitt, REALTOR® SRES with Coldwell Banker Distinctive Properties in Grand Junction, Colorado. Archives
April 2023
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