During the summer, many families travel to their favorite vacation destination. What if instead of renting a house or staying in a hotel, you could enjoy a home of your own?
If you’d like to make your vacation home dream come true, let’s get together to chat!
Teresa Parker (775)209-3097
www.ConnectWithTeresaParker.com
If you are in the market to buy a home this year, you may be confused about how much money you need to come up with for your down payment. Many people you talk to will tell you that you need to save 20% or you won’t be able to secure a mortgage.
The truth is that there are many programs available that let you put down as little as 3%. Those who have served our country could qualify for a Veterans Affairs Home Loan (VA) without needing a down payment.
These programs have cut the savings time that many families would need to compile a large down payment from five or more years down to a year or two. This allows them to start building family wealth sooner.
So then, why do so many people believe that they need a 20% down payment to buy a home? There has to be a reason! Today, we want to talk about four reasons why putting 20% down is a good plan, if you can afford it.
Putting down a 20% down payment vs. a 3-5% down payment shows your lender/bank that you are more financially stable, thus a good credit risk. The more confident your bank is in your credit score and your ability to pay your loan, the lower the rate they will be willing to give you.
So, when you decide to sell your home, you should hire a real estate professional, to help you through the entire process.
Listing with myself or another agent, you should be aware of the FOUR elements to a quality listing.
AVAILABILITY – it’s in your best interest to have your home available to be previewed within a 30 minute window. You never know when an agent might be driving by your neighborhood and sees the for sale sign in your yard . By Appointment Only (example: 48-Hour Notice) – Many buyers who are relocating for a new career or promotion start working in that area prior to purchasing their home. They often like to take advantage of free time during business hours (such as their lunch break) to view potential homes. Because of this, they may not be able to plan their availability far in advance or may be unable to wait 48 hours to see the house FINANCING – ensure your agent has spoken with the selling agent about a potential buyers credit worthiness. Last thing you want to do, is show your home to someone, that has not taken the time to find out if they can even purchase a home
PRICE – If you are not following my Monday Pahrump Housing Market Trend Report emails, then you need to make sure you speak with your agent about your price. Ensure you are in the “appraised” value are of recent comparables. The last thing you want to happen, is to accept an offer, “contingent” upon appraised value, ONLY to find out your value was not there. Now you’ve lost critical days on the market as an ACTIVE listing.
Please CONNECTWITHTERESAPARKER, so you can find out the latest about our real estate market and upcoming events in the area.
Urban Nest Realty
Licensed In: NV
License #: S0170006
***MOVE IN READY*** Beautifully upgraded home, recently RE-LEVELED, NEW ROOF, kitchen features new quartz counter-tops, island, reverse osmosis, new refrigerator, custom cabinets, vertical blinds, premium interior paint, upgraded vinyl floors, separate laundry room, master bedroom includes sitting room, master bath offers separate shower and tub, Features a fully enclosed sun room and shed for extra storage. THIS HOME IS A MUST SEE!
Urban Nest Realty
Licensed In: NV
License #: S0170006
***MOVE IN READY*** Beautifully upgraded home, recently RE-LEVELED, NEW ROOF, kitchen features new quartz counter-tops, island, reverse osmosis, new refrigerator, custom cabinets, vertical blinds, premium interior paint, upgraded vinyl floors, separate laundry room, master bedroom includes sitting room, master bath offers separate shower and tub, Features a fully enclosed sun room and shed for extra storage. THIS HOME IS A MUST SEE!
