Congratulations, you have multiple offers on your home listing. It’s exciting to hear that you have a choice in buyers. Yet how can you make sure that you choose the right offer? With varying sales prices and terms, comparing offers might be harder than you expected. Still – it’s a great problem to have.
If you find yourself in a multiple offer situation, the first step is to meet with your agent to discuss each offer in detail. What are the actual differences? It’s easy to
“How much home can I afford”? This question is asked by almost all buyers, not just first time home buyers. With changing interest rates, homeowner association fees, assessments, and rising home prices, it’s natural to wonder what you can actually spend on a new home.
The best way to answer this question definitively is to speak with your lender. They will ask you questions about your income, your assets, your down payment, local property taxes, homeowner insurance, credit
Closing costs help facilitate the sale of a home and both buyers and sellers pitch in. Some closing costs can be paid before the home is officially sold and others are paid at the end.
However, closing costs aren’t set into stone and they can be negotiable. You can ask your real estate agent or lender with help in estimating your actual closing costs. Look over everything to make sure all the numbers are right and then you plan accordingly in how you’re going to lower them.